EDF Power Solutions North America, Red Rock Indian Band, and Fort William First Nation have signed a power purchase agreement (PPA) with Ontario’s Independent Electricity System Operator (IESO) for the 200 MW Northern Breeze Energy wind project, located near Thunder Bay. The project is owned 50 per cent by EDF Power Solutions, 25 per cent each by Red Rock Indian Brand and Fort William First Nation.
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Spearmint Energy has secured approximately $450 million in financing for the 300 MW/600 MWh Red Egret battery energy storage (BESS) project located in Texas City, Texas. The project includes a $225 million construction facility led by First Citizens Bank and Investec. The financing package also features $96 million in preferred equity from Nuveen Energy Infrastructure Credit, backed by TIAA.
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Repsol has achieved commercial operations at its 825 MW Pinnington Solar project in Texas. The project was developed by Repsol, engineered and constructed by Black & Veatch and its Overland Contracting Inc. (OCI) construction subsidiary. The project includes 1.5 million solar panels and is expected to avoid approximately 1 million tonnes of carbon emissions annually.
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Grenergy has entered into a 20-year power purchase agreement (PPA) with Georgia Power in US for the supply of renewable energy and associated renewable attributes under the Clean and Renewable Energy Subscription (CARES) 2023 programme. The agreement covers the entire output from the Beaver Creek hybrid project, which is estimated to generate approximately 400 GWh of energy annually.
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Avangrid has signed a long-term power purchase agreement (PPA) with Puget Sound Energy (PSE) for the Big Horn I wind project located in Klickitat County, Washington. The project will have a nameplate capacity of 199.5 MW, enough to supply electricity to around 70,000 homes annually. The project, developed by Avangrid in 2006, is expected to commence commercial operations in 2028 following its redevelopment.
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Enel S.p.A., through its subsidiaryEnel Green Power North America, has signed an agreement with a US utility to acquire a portfolio of seven operational solar PV plants with a combined capacity of about 270 MW. The agreement has an enterprise value of approximately $140 million. The acquisition will be financed through cash flows generated from current operations. The portfolio is expected to generate approximately 0.4 TWh of electricity annually.
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Exploits Valley Renewable Energy Corporation (EVREC) has filed the environmental impact statement (EIS) for its wind-to-green hydrogen and ammonia project in Central Newfoundland, Canada. EVREC is a joint venture between Abraxas Power and EDF power solutions which are jointly developing the project. The EIS will assess the potential environmental impacts associated with all stages of the project, including construction, operation, maintenance, and eventual decommissioning.
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Sunraycer Renewables has secured a $901 million project financing facility from MUFG Bank Limited., Ally Bank, Nomura Securities International, Inc., Norddeutsche Landesbank Girozentrale, and Societe Generale. It will support the construction and operation of three solar and battery energy storage system (BESS) projects in Texas, aggregating 479.5 MWac of solar generation capacity and 236.5 MWac of two-hour BESS.
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Mainstream Renewable Power has announced that it has received commercial operations date (COD) certification for the Ckhúri Wind Farm from the National Electricity Coordinator. The project is located in Calama in the Antofagasta Region, Chile. The project has an installed capacity of 109.2 MW and comprises 26 Vestas turbines. Furthermore, the project is expected to supply clean energy sufficient to power approximately 166,000 Chilean homes.
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OCI Energy andArava Power have signed a membership interest purchase agreement (MIPA) for the 670 MWdc La Salle Solar project. The project is located in La Salle County, Texas. Under the agreement, Arava Power will acquire a 50 per cent stake in the project, with both companies jointly financing, constructing, owning, and operating the plant. The agreement marks the third collaboration between the two companies in the Texas renewable energy market.
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DESRI and Meta have signed 850 MW of solar and battery storage power purchase agreements (PPAs) in US. The agreement includes 500 MW in Oklahoma, 200 MW in Texas and 150 MW in Mississippi. With these agreements, the total contracted solar and battery storage capacity between the companies has increased to approximately 2,575 MW in US. Previously contracted projects between the companies include 150 MW in Texas, 300 MW in Utah and 100 MW in New Mexico.
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Grenergy has secured $268 million in non-recourse financing for the Monte Águila solar plus storage project in Chile. The financing was arranged through an international banking syndicate led by BNP Paribas, alongside KfW IPEX-Bank, Rabobank, Natixis, and Scotiabank. The Monte Águila project also benefits from a 12-year daytime power purchase agreement.
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Longroad Energy has commenced commercial operations at the Sun Pond project in Arizona. The project comprises 111 MWdc solar and 85 MWac/340 MWh battery energy storage system (BESS). The project is expected to generate renewable electricity to power around 35,000 US homes annually while avoiding more than 145,000 metric tonnes of carbon emissions annually.
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EDP, through EDP Renewables North America, has signed a long-term power purchase agreement (PPA) with Meta for the 250 MW Cypress Knee Solar project in Arkansas. The project is scheduled for completion by 2028. The agreement marks Meta’s third clean energy partnership with EDPR NA, taking the companies’ total contracted renewable energy portfolio to 545 MW in US.
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ATOME PLC has reached a final investment decision (FID) for its 260,000 tonne-per-year low-carbon fertiliser plant in Villeta, Paraguay. The project, powered entirely by renewable baseload hydropower, will produce low-carbon calcium ammonium nitrate (CAN) fertiliser independent of fossil-fuel price volatility. The plant construction is expected to begin shortly, with full commercial production targeted by or before October 2029.
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Graphic Packaging Holding Company has signed a virtual power agreement (VPPA) with NextEra Energy Resources for the 250 MW Selenite Springs Energy solar project in West Texas. The project is expected to begin operations by the end of 2027. Graphic Packaging will be the sole buyer of renewable energy certificates, covering around 43 per cent of its US and Canada electricity use.
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CleanCapital has divested the 120 MW Nottingham solar project to Energix Renewables. The project, located in Harrison County, Ohio, was originally developed by BQ Energy, which was acquired by CleanCapital in 2022. The transaction follows CleanCapital’s recent acquisition of a 7.7 MW energy storage joint venture, closing a $300 million HoldCo facility and a $185 million debt private placement to support its growth.
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Sonnedix has signed three power purchase agreements (PPAs) with Copec EMOAC for the Sonnedix Librillo project in Chile. The project features a 117 MW standalone battery energy storage system (BESS) with 5-hour duration, enabling a total storage capacity of 643.8 MWh per day. The project is expected to commence operations by April 2027.
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Geronimo Power has begun commercial operations at the 270 MW Blevins Solar Project, located in Falls County, Texas within the ERCOT market. The project has power purchase agreements (PPAs) with Fujifilm and Bristol Myers Squibb. The project is expected to generate sufficient electricity to power around 88,900 homes annually. Additionally, the project will offset over 9 million metric tonnes of carbon emissions in its first 20 years of operation.
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Neoen has secured two 20-year contracts from the Independent Electricity System Operator (IESO) for two new solar farms of 318 MWp (250 MWac) combined capacity in Ontario. The contracts cover 100 per cent of the new plants’ output. The projects include a 253 MWp solar farm near Dunns Valley and a 65 MWp solar farm near Paradis Bay. The combined generation from these projects is expected to reach approximately 475 GWh on an annual basis, powering over 50,000 homes in Ontario.
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