NeoVolta has entered into definitive agreements for a $13 million private placement financing led by Infinite Grid Capital to support the company’s next stage of expansion in domestic battery energy storage system (BESS) manufacturing. A portion of the financing is allocated toward establishing and operating a new BESS manufacturing facility in Georgia, planned with an initial annual output of nearly 2 GWh.
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First Solar has inaugurated a fully vertically integrated manufacturing plant in Iberia Parish, Louisiana, following an investment of $1.1 billion. The facility spans roughly 2.4 million square feet and began production in July 2025. The plant incorporates AI-enabled production systems, including computer vision and deep learning for defect detection, along with AI-based operational tools for technicians.
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CPS Energy has released a request for proposals (RfPs) to procure up to 600 MW of solar capacity through one or more power purchase agreements. The tender is part of the utility’s Vision 2027 generation plan, which focuses on ensuring reliable and affordable supply for the San Antonio region. The RfP submission deadline is January 8, 2026. Following this, the utility expects its solar portfolio to exceed 1,600 MW in capacity.
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Cypress Creek Renewables has closed financing and begun construction on the 505 MWdc, or 396 MWac, Hanson solar project in Coleman County, Texas. The solar project will supply power to Meta under a long-term power purchase agreement. Financing was secured through a mix of preferred equity and debt. The preferred equity commitment was provided by funds managed by an unnamed global credit asset manager.
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Raven SR has obtained its final air permit and the authority to construct from the Bay Area Air District (BAAD) for a facility in Richmond, California that will convert diverted organic waste into renewable hydrogen using a non-combustion steam/carbon dioxide reforming process. The project will be located at a Republic Service’s closed West Contra Costa Sanitary landfill site and will process up to 99 wet tonnes of organic waste per day.
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Cordelio Power’s 135 MW Crossover wind project in Cross County, Arkansas has commenced commercial operations. The project will deliver all its electricity to Microsoft under a 20-year contract. The project was built by M.A. Mortenson as its engineering, procurement and construction contractor. Wind turbines for the project were supplied by Vestas, who oversee the turbines’ long-term operations and maintenance.
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First Solar has announced plans to set up a new facility in Gaffney, South Carolina, to complete the production process for its Series 6 Plus modules. The company plans to invest approximately $330 million in the plant, which is scheduled to begin commercial operations in the second half of 2026. The facility is expected to add 3.7 GW of manufacturing capacity.
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rPlus Energies has completed the acquisition of two solar-plus-storage projects in Ada County, Idaho. The two projects are the Blacks Creek energy center and the Bluebird solar project, with a cumulative capacity of 900 MW. The Blacks Creek energy center consists of 400 MW of solar capacity along with 200 MW of storage. The acquisitions add to the company’s existing activities in Ada County.
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TotalEnergies has signed a 15-year power purchase agreement (PPA) with Google for the supply of 1.5 TWh of renewable electricity from its Montpelier solar farm located in Ohio. The solar project, which is nearing completion, is connected to the PJM grid system. The renewable electricity supplied under this agreement will support Google’s data centre operations in Ohio.
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EIB Global, the international partnerships and development arm of the European Investment Bank, and Enel Colombia S.A., part of the Enel Group, have announced a loan of up to $200 million to finance two solar projects in the Atlántico region in Colombia. The two projects, Guayepo III and Atlántico, have a capacity of 180 MWac each, and are currently under construction.
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Enlight Renewable Energy has finalised a $1.44 billion debt financing arrangement for its Snowflake A project located near Holbrook, Arizona. The project comprises 600 MW of solar generation with 1,900 MWh of energy storage capacity. It is scheduled to commence commercial operations in the second half of 2027. The project has a 20-year busbar power purchase and energy storage agreement with Arizona Public Service.
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BrightNight, along with its joint venture partner Cordelio Power, has reached financial close for the Pioneer Clean Energy Center in Yuma, Arizona. The project comprises a 300 MWac solar plant with a 300 MW/1,200 MWh battery energy storage system. Construction activities at the site are in progress, with commercial operations scheduled to commence by April 2027.
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The Government of Ontario has announced a new round of its Hydrogen Innovation Fund (HIF) with an investment of $30 million. This funding doubles the amount allocated in the previous round and aims to support projects that advance hydrogen development to strengthen Ontario’s clean energy economy. The fund is administered by the Independent Electricity System Operator.
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Plus Power has secured $160 million in tax equity investments from Morgan Stanley for two standalone battery energy storage system (BESS) projects in New England. The financing includes $95 million for the 150 MW/300 MWh Cranberry Point energy storage facility in Carver, Massachusetts, and $65 million for the 175 MW/350 MWh Cross Town energy storage facility in Gorham, Maine.
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Clearway Energy Group has signed a 20-year power purchase agreement (PPA) and a 20-year energy storage agreement with the Public Utility District No. 2 of Grant County (Grant PUD) for the Royal Slope Energy Center project. The project is located in Grant County, Washington and comprises a 260 MW solar plant and a 260 MW battery energy storage system. It is expected to reach commercial operation by the end of 2027.
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Enlight Renewable Energy has finalised a tax equity financing agreement worth nearly $150 million for its Quail Ranch project in New Mexico. The financing was arranged through Wells Fargo Bank under a structure that includes a contribution of $131 million after the project reaches commercial operation, which is expected to rise to nearly $150 million over the first 10 years through pay-go contributions.
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ContourGlobal has completed a $350 million renewable energy project financing in the US. The financing supports the company’s 324 MWp Black Hollow Sun solar project in Colorado, which comprises 185 MWp currently operational at the Black Hollow Sun I site and an additional 139 MWp under construction. This transaction includes both a tax equity component and a debt financing package.
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Treaty Oak Clean Energy has entered into long-term power purchase agreements (PPAs) with Meta for two utility-scale solar projects in Louisiana, with a combined capacity of 385 MWac. The two projects are the Beekman solar project in Morehouse Parish, which will supply 185 MWac of power, and the Hollis Creek solar project in Sabine Parish that will deliver 200 MWac.
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Excelsior Energy Capital has announced that the Faraday Solar project has reached operational readiness and commenced commercial operations. The project has an installed capacity of 685.3 MWdc and is located in Utah County, Utah. It has a 20-year power purchase agreement (PPA) with PacifiCorp. Meta will procure energy and environmental attributes from the project to provide clean energy to its operations in Utah.
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The Inter-American Development Bank (IDB) has approved a $67 million financing package for Banco do Nordeste do Brasil S.A. (BNB) to boost renewable energy integration from Brazil’s Northeast region into the national grid. The initiative aims to strengthen grid reliability and improve the efficiency of the country’s power supply. Implementation will commence following the completion of necessary legal procedures under Brazilian law.
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