Younan Company has announced the development of a large utility-scale solar and battery storage project in California under Soleil Renewable Energy, LLC. The project is planned in East Kern county, on approximately 3,200 acres of owned land. It will have a solar generation capacity of 880 MWdc, equivalent to 700 MWac, paired with a 460 MW battery energy storage system. Commercial operations are targeted for mid-2028.
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Westbridge Renewable Energy Corporation has received regulatory approval from the Alberta Utilities Commission (AUC) for its Red Willow solar and battery energy storage project in Stettler county, Alberta, Canada. The approval includes authorisation for both the power plant and the associated battery energy storage system (BESS), along with a permit and licence for the Birch 1075S substation.
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EDP Renewables North America LLC has commenced commercial operations at the Riverstart Solar IV project in Indiana. Located in Randolph county, the project has an installed capacity of 150 MW. It is expected to generate electricity equivalent to the annual consumption of more than 28,800 homes and businesses in the state. The project has delivered an estimated $88.6 million in local and regional economic impact.
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Korkia has obtained power plant approvals from the Alberta Utilities Commission (AUC) for two utility-scale solar projects in Alberta, Canada. The approvals cover the 268 MW AC UK Solar East project and the 162 MW AC UK Solar West project, both located in the County of Oyen. These approvals represent a critical regulatory step and advance the projects toward construction readiness and future commercial operation.
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Atlas Renewable Energy has entered into a long-term power purchase agreement (PPA) with an unnamed Colombian energy trading company to support the development of the El Campano solar project in Colombia’s northern region. The solar plant is planned with an installed capacity of 128 MWp and is scheduled to begin operations by the end of 2027. It was awarded under Colombia’s 2024 Reliability Charge Auction.
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Radial Power, an affiliate of energyRe, along with Lotus Infrastructure Partners, has completed a $355 million tax equity and debt financing with Goldman Sachs. The funding will support the development, construction, and operation of around 214 MW of distributed solar capacity spread across 106 projects in US. The transaction uses Goldman Sachs’ end-to-end distributed generation financing structure.
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The European Commission (EC) has approved a German state aid scheme worth €200 million to support the production of renewable hydrogen and its derivatives in Canada for supply to Germany and the wider European Union. The scheme targets renewable fuels of non-biological origin (RFNBO) derived from renewable electricity and carbon. These fuels will be imported into Germany and sold across the European Union.
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Origis Energy and Meta have entered into a long-term power purchase agreement (PPA) for the Greyhound A solar project located in West Odessa, Texas. The project has a capacity of 303 MWdc, equivalent to 240 MWac, and is scheduled to reach commercial operations by mid-2026. Greyhound A forms part of a 1 GW broader energy infrastructure complex with a fully subscribed solar portfolio being developed by Origis Energy in west Texas.
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Apex Clean Energy has completed the financing of three utility-scale renewable energy assets located in Texas, Ohio, and Illinois. The projects include Coles wind farm in Illinois, Emerson Creek wind farm in Ohio, and Raven storage facility in Texas. Cumulative, these assets account for nearly 670 MW of capacity. The three transactions represent financial commitments of approximately $2.79 billion.
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Heelstone Renewable Energy, a Qualitas Energy company, has closed a $200 million senior secured corporate credit facility in US. The facility is intended to support the company’s growing portfolio of utility-scale renewable projects, which includes more than 5 GW of solar, wind, and battery energy storage system assets. The financing was led by Deutsche Bank. PEI Global Partners acted as the exclusive financial advisor to Heelstone.
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Treaty Oak Clean Energy has closed financing and begun construction on two solar projects in Louisiana, together adding 385 MW of renewable capacity. The projects include the Beekman solar project in Morehouse Parish and the Hollis Creek solar project in Sabine Parish. The electricity generated from both projects will be supplied to Meta Platforms through long-term offtake arrangements.
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EDP, S.A., through its subsidiary EDP Renováveis, S.A. (EDPR), has secured a 30-year power purchase agreement (PPA) with Consumers Energy Company for electricity generated from a 150 MWac, or 209 MWdc, solar project in Clark County, Illinois, US. Completion of the transaction remains subject to regulatory clearance from the Michigan Public Service Commission. The solar project is scheduled to commence operations in 2027.
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Duke Energy Florida has unveiled an integrated green hydrogen production, storage, and combustion system in Volusia County, Florida. The DeBary production storage system uses renewable energy from a 74.5 MW solar plant which powers two 1 MW electrolyser units. The system supplies hydrogen to a recently upgraded GE Vernova gas turbine that can run on natural gas-hydrogen blends of high percentage hydrogen.
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Spearmint Energy has closed an equity investment with Kyuden International Corporation for two battery energy storage system (BESS) projects in Texas. The investment covers the Tierra Seca and Seven Flags projects, each with a capacity of 100 MW/200 MWh, located in Del Rio and Laredo, respectively. Together, the two projects add 400 MWh of battery storage capacity to ERCOT.
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SolarMax Technology, Inc., through its wholly owned subsidiary SolarMax Renewable Energy Provider, Inc., has entered into two engineering, procurement, and construction (EPC) agreements with Yabucoa BESS LLC and Naguabo BESS LLC. The agreements cover utility-scale battery energy storage system (BESS) projects located in Humacao, Puerto Rico, and Ceiba Municipality, Puerto Rico.
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The Ariguaní Solar Park, planned with a capacity of 200 MW, has received environmental approval from Colombia’s National Environmental Licensing Authority (ANLA), enabling the project to move forward under the applicable regulatory framework. The project is being developed by Xuenergy FV SAS. It is located in the Los Cerrajones district of the municipality of Chiriguaná in the Cesar department.
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Energy Vault Holdings, Inc. has begun construction of the SOSA energy center, a 150 MW/300 MWh battery energy storage system (BESS) project located in Madison County, Texas, within the ERCOT North market. The project was initially developed by Savion, a Shell plc subsidiary, and was acquired by Energy Vault in the fourth quarter of 2025. Commercial operations for the project are expected in the second quarter of 2027
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PowerBank Corporation has entered into a loan agreement with NY Green Bank for a revolving credit facility with an initial principal amount of up to $8 million. The financing will be used to fund interconnection deposits required by utilities to complete the grid interconnection process for solar and battery storage projects in the state of New York. These deposits are refundable if a project does not reach commercial operation.
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The International Finance Corporation (IFC) has announced an investment in Central Puerto S.A., an electricity generation company in Argentina, to support projects aimed at improving the reliability and flexibility of the national power system. The financing package amounts to about $300 million and will be used to acquire shares in the 1,440 MW Piedra del Águila hydropower plant.
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The Ministry of Mines and Energy of the Brazilian government has announced that the Novo Oriente photovoltaic complex, located in Ilha Solteira, São Paulo, Brazil, has entered full commercial operation. This milestone was achieved following the commissioning of its final plant in December 2025. With this commissioning, the entire solar park now operates at its complete installed capacity of 254.5 MW.
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