RWE has signed a 15-year power purchase agreement (PPA) with Google. The agreement covers the entire output of RWE’s 155 MWac Crooked Creek solar project located in McCurtain county, Oklahoma. Project construction is expected to commence later in 2026, with commercial operations expected in 2028.
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Eolian has commenced construction of the Flint Grid Project located in Licking County, Ohio. The project includes a 200 MW grid-scale battery energy storage system (BESS). The project is also located adjacent to the New Albany data centre and industrial load, and will provide more than five hours of energy storage. Furthermore, the project has qualified for the PJM capacity market and the 2027/28 PJM Residual Capacity Auction.
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ContourGlobal has signed a long-term power purchase agreement (PPA) with Tesla for Project Sterling in Arizona. The project features a 450 MWac solar PV and 360 MW/1.4 GWh of four-hour duration battery energy storage system. The project is expected to generate more than 1.1 TWh of electricity annually. The agreement covers approximately 1 TWh of electricity annually, representing about 90 per cent of the project’s output.
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Zelestra has signed a power purchase agreement (PPA) with Tesla for the Lumen Farm solar project. The project has an installed capacity of 140 MWac and is located in Texas. The project is expected to commence construction by 2027 with full operations expected by 2029. The agreement builds on the companies’ existing partnership for the 57 MWac solar PPA in Spain’s Castilla-La Mancha region in 2024.
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Panamint Capital has commenced construction of 1.2 GWdc Big Rooter Power solar project. The project is located at the Twin Oaks power station in Robertson County, Texas. The project represents an investment of $1.7 billion. The 491 MWdc Big Rooter West phase is under construction and is expected to commence operations in August 2028, while the 658 MWdc Big Rooter East phase is expected to commence construction in December 2026 and come online in August 2029.
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Lightsource bp and Meta have signed a long-term power purchase agreement (PPA) for the Mowata Solar project. The project has an installed capacity of 172 MWdc (150 MWac) and is located in Acadia Parish, Louisiana. Project construction is expected to commence later in 2026. The agreement builds on an earlier PPA between the companies for the 134 MWdc Arche Solar project in Ohio which was signed in 2022.
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MN8 Energy has agreed to acquire Greenbacker Renewable Energy in a cash-and-equity transaction valued at up to $375 million, including $350 million at closing and up to $25 million in milestone-based payments. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals. Greenbacker owns an approximately 1.9 GW fleet of operating and under construction renewable energy assets.
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Cubico Sustainable Investments has signed a joint venture (JV) agreement with Mexico’s Federal Electricity Commission (CFE) to develop 578 MWac of renewable energy projects across Mexico. The agreement includes five clean energy projects awarded to Cubico under CFE’s Mixed Investment Scheme, along with 175.7 MW/500 MWh of 3-hour duration battery energy storage.
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Brookfield has agreed to acquire Aypa Power from Blackstone Energy Transition Partners. The transaction is valued at approximately $7 billion in enterprise value, including an equity value of $3 billion. Aypa’s portfolio comprises 6.5 GW of operating, under-construction and contracted battery storage projects.
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Spearmint Energy has received approval from the Minnesota Public Utilities Commission (PUC) for the Midwater energy storage project. The project includes a 150 MW/600 MWh standalone battery energy storage system (BESS) located in Freeborn County, Minnesota. The project will be built on 10-20 acres of land adjacent to the Glenworth Substation. The Midwater BESS project is Spearmint’s second BESS project to secure state permitting in Minnesota, following the approved Snowshoe Energy Storage Project in Olmsted County.
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Avantus has signed a 20-year power purchase agreement (PPA) with Clean Power Alliance (CPA) for the Rexford 2 solar and battery energy storage system (BESS) project. The project is located in Tulare County, California. It will combine 200 MWac of solar generation with 200 MW/800 MWh of battery energy storage. Additionally, it will supply enough clean electricity to power around 84,000 homes.
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Global Infrastructure Partners (GIP), part of BlackRock, has agreed to acquire a majority and controlling stake in Summit Ridge Energy in US. Summit Ridge Energy, founded in 2017, develops, owns, and operates solar and energy storage projects across the Midwest, Mid-Atlantic, and New England.The transaction remains subject to customary regulatory approvals and closing conditions.
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PureSky Energy has secured $183.7 million in investment-grade refinancing for its operating community solar portfolio in the US. The transaction combines eight debt portfolios into a single financing structure.The portfolio includes 211 MWdc of solar capacity and 58 MWh of battery energy storage system (BESS). The portfolio spans across 43 projects in Massachusetts, New York and Minnesota.
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Sol Systems has achieved financial close for its 123 MWac Peoria Solar Portfolio located in Illinois, US. The projects represent an investment of $355 million and are being financed through Sol Systems’ revolving construction warehouse facility. The projects will be developed across Knox, Tazewell and Peoria Counties. The projects are expected to become operational in 2027.
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Avantus has secured approximately $525 million in financing for the Aratina 2 solar and battery energy storage (BESS) project located in Kern County, California. The project financing was provided by BBVA, CIBC, and Santander. The financing package includes construction funding, a tax equity bridge loan, and letters of credit. The project, currently under construction, will deliver 150 MWac of solar capacity and 452 MWh of BESS capacity by the end of 2026.
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Pattern Energy and Salt River Project (SRP) have signed a power purchase agreement (PPA) for up to 600 MW of electricity from the SunZia wind project in the US Southwest. The SunZia wind project has an installed capacity of 3,650 MW. The project is supported by a 550-mile high-voltage direct current (HVDC) transmission line and represents an $11 billion clean energy investment.
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Linea Energy has closed a tax equity financing with Crux for its 172 MWdc Watertown solar project located in Sanilac County, Michigan. The Crux investment completes the project’s financing, bringing the total capital raised to $457 million, including a previously announced $299 million debt package by Santander Corporate & Investment Banking, Société Générale, S.A., Norddeutsche Landesbank Girozentralecon, and Truist Bank.
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Opdenergy has secured $227 million in financing for its operational renewable energy portfolio in Chile. The financing was provided by SMBC, BNP Paribas and ICO and is backed by long-term DISCO and private power purchase agreements with investment-grade off-takers, comprising the 104 MWp Sol de Los Andes solar plant and 90 MW/513 MWh Sol de Los Andes BESS, both in the Atacame region.
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Scatec ASA has commenced commercial operations of the 142 MW Rio Urucuia solar power plant in Minas Gerais, Brazil. This project expanded Scatec’s Brazilian installed capacity to 835 MW. The project operates under a 10-year power purchase agreement (PPA) with Statkraft, covering around 75 per cent of expected generation, with the remaining output to be sold through the spot market and additional PPAs.
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Earthrise Energy has commenced commercial operations at the Archtop solar project located in Illinois. The project has an installed capacity of 270 MWac and comprises the Gibson City Solar 1 and 2 facilities. The project is the first to utilise the Earthrise’s surplus interconnection strategy, enabling new solar generation to leverage the existing grid infrastructure of its Gibson City natural gas peaking plant.
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