Aypa Power, a Blackstone portfolio company, together with Six Nations of the Grand River Development Corporation (SNGRDC), has reached financial close for approximately $512 million to support the Elora and Hedley battery energy storage system (BESS) projects in Ontario, Canada. The financing package has been arranged through an eight-bank syndicate of international and domestic lenders.
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The International Finance Corporation (IFC) has announced financing support for Petroquímica Comodoro Rivadavia S.A. for the development and construction of the Olavarría wind farm in the Buenos Aires province of Argentina. The total project cost is reported at $275 million. It involves the installation of 29 wind turbines supplied by Vestas, with a total installed capacity of 185.6 MW.
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British Columbia Investment Management Corporation (BCI), Norges Bank Investment Management and Brookfield have announced the establishment of Northview Energy, a privately held renewable energy company focused on acquiring and owning contracted, operating renewable energy assets across US and Canada. The company will be equally funded and owned by the three investors.
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EverWind has secured a strategic investment of $175 million from Nuveen Energy Infrastructure Credit, the infrastructure credit investment arm of Nuveen, a global asset manager with $1.4 trillion in assets under management. The funding will support the development of EverWind’s onshore wind portfolio and the Point Tupper green fuels project in Nova Scotia.
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Boralex Inc. and Six Nations of the Grand River Development Corporation (SNGRDC) have announced the commercial commissioning of the 300 MW/1,200 MWh Hagersville battery energy storage park in Ontario, Canada. Borea and A6N General Partnerships, majority-owned by SNGRDC in partnership with Aecon, conducted construction and civil work activities at the site.
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Zelestra has initiated construction of the 242 MWdc Babilonia solar project in Arequipa, Peru. It will involve the installation of approximately 394,000 bifacial solar modules. Commercial operations are scheduled to commence in the first half of 2027. The development has been secured under a long-term power purchase agreement with Celepsa.
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Scatec ASA has achieved financial close for the 130 MW Barzalosa solar project in Colombia and has commenced construction. The project has executed a 15-year power purchase agreement with BTG Pactual Comercializadora de Energía. Scatec ASA holds a 65 per cent equity stake in the project, with Norfund providing the remaining equity participation.
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Brazil’s Ministry of Mines and Energy has announced that nine plants at the Draco solar complex have commenced commercial operations. Located in Arinos, Minas Gerais, the project forms part of the New Growth Acceleration Programme (Novo PAC) of the Brazilian government. The complex represents an investment of over R$ 2.4 billion and is designed to supply electricity to more than 500,000 homes.
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Origis Energy has announced the commissioning and commencement of operations of three Swift Air Solar plants in Texas. The projects were executed in three phases, with the final phase delivered in late 2025. The projects are located in Ector County and have a combined capacity of 500 MWdc. Origis undertook the planning, development, and construction of the solar plants.
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The 185.6 MW Forêt Domaniale wind farm has received government authorisation for construction. It will be located across forested areas within the municipalities of Cap-Saint-Ignace, Montmagny, Notre-Dame-du-Rosaire, and Sainte-Apolline-de-Patton in the Montmagny regional county municipality. The development is being undertaken through an equal partnership between EDF solutions électriques and Alliance de l’énergie de l’Est.
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Hecate Energy Group has completed the sale of its up to 2,000 MW Cereza solar and storage project to Savion. The project is located at the US Department of Energy’s Hanford Site in southeastern Washington and was originally secured by Hecate in 2024. Under the agreement, Savion will take the lead on project development, with continued support from Hecate.
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Lydian Energy has secured $689 million in financing for two solar projects, AC Ranch 1 and Yellow Viking, along with the Faraday battery energy storage system (BESS) project. The financing package is backed by CIBC and MUFG. It includes a construction-to-term loan, tax credit bridge loan, co-investment bridge loan, and a letter of credit facility. The projects are part of Lydian’s portfolio backed by Excelsior Energy Capital.
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The UK and California have signed a new Memorandum of Understanding (MoU) to expand cooperation on clean energy, climate, and environmental initiatives. The agreement builds on longstanding collaboration between the two regions and establishes a refreshed framework to promote innovation, scale clean energy technologies, and strengthen links between businesses and research institutions.
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AES Indiana, a subsidiary of AES Corporation, has commissioned the Petersburg Energy Center in Pike county. The Petersburg Energy Center includes 250 MW of solar capacity installed through over 515,000 solar panels, along with 180 MWh of battery energy storage system (BESS). The project will generate enough renewable electricity to power more than 100,000 homes.
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Grenergy has finalised a $355 million senior non-recourse financing facility for the Gran Teno, Tamango, and Planchón projects, which form part of its Central Oasis complex in Chile. The funding has been arranged through an international banking syndicate led by BNP Paribas as the coordinating bank, along with Banco Santander and Rabobank. The assets together account for 398 MW of solar and 1.4 GWh of battery storage capacity.
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Greenwood Sustainable Infrastructure (GSI), the North American renewable energy subsidiary of Libra Group, has reached financial close on a construction-to-term facility and an investment tax credit bridge financing for its 100 MWac Turning Sun solar project. The financing totals more than $200 million and supports the development, construction, and long-term operation of the project.
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Zelestra has finalised a syndicated equity-bond facility worth approximately €130 million with Santander, with support from Instituto de Credito Oficial and Compañía Española de Seguros de Crédito a la Exportación. The financing arrangement is structured to align with the company’s Green Financing Framework, and is expected to support around 500 MW of contracted projects located in Italy, Germany, and US.
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Clearway Energy Group has achieved financial close and commenced construction on the Spindle Energy Center, a 199 MW battery energy storage system (BESS) project located in Weld County, Colorado. The project will deploy American-made Tesla battery systems with a two-hour duration, enabling storage of up to 398 MWh of dispatchable electricity. It represents a total investment of $261 million.
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Avangrid, Inc., a member of the Iberdrola Group, has commenced commercial operation of two solar projects in Wasco County, Oregon, namely Daybreak Solar and Bakeoven Solar. The two plants together provide a combined installed capacity of 269 MWdc, equivalent to 200 MWac. Daybreak Solar accounts for 189 MWdc, or 140 MWac; while Bakeoven Solar contributes 80 MWdc, or 60 MWac.
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Sonoco Products Company and ENGIE North America have commenced electricity delivery under a virtual power purchase agreement (VPP) linked to the Big Sampson wind project in Crockett county, Texas. The agreement covers an estimated 140 MW of electricity annually for a 15-year term starting from the project’s commercial operation.The project was completed in late 2025 and consists of 60 wind turbines, each with a capacity of 4.5 MW.
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