The Freeport of Riga Authority, South Korea-based ECOMETHANOL and Latvia based SIA AE Risinājumi have signed a memorandum of cooperation for a green methanol production facility at the Port of Riga in Latvia. ECOMETHANOL and AE Risinājumi will jointly develop the production project, with the Freeport of Riga Authority facilitating integration with port infrastructure and logistics facilities.
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Masdar has signed an agreement to acquire a solar photovoltaic project in Greece with a capacity of more than 550 MW. The project is being acquired from Lightsource bp and is expected to become operational by the end of 2026. Furthermore, Masdar plans to integrate battery storage into the solar project to support grid stability. The transaction also includes two privately owned substations connecting the project to the electricity transmission system.
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ENNA Solar, part of ENNA Group, has signed an agreement to acquire the Medgidia project, located in Constanța County, in Romania. The Medgidia project comprises 166 MWp solar plant with a 612 MWh battery energy storage system. The acquisition involves ENNA Solar acquiring a 100 per cent equity stake in CIC GREEN ENERGY MEDGIDIA S.R.L., holding the rights to develop the project.
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Greenvolt Group, through Greenvolt Power, has agreed to sell two standalone battery energy storage system (BESS) projects in Poland to A&R Investments. The projects are located in Ełk and Turośń Kościelna in north-eastern Poland, and have a total installed capacity of 400 MW/1,600 MWh. Both projects were completed in the third quarter of 2026 and have received the required permits for use.
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Encavis has signed a hybrid power purchase agreement (PPA) with Visalia in Spain. Under the three-and-a-half-year agreement, Encavis will supply 60 GWh of renewable electricity annually from its 199 MW Aragon portfolio near Zaragoza. The portfolio consists of two solar parks and three wind farms. Visalia operates more than 500 urban renewable energy generation facilities, along with over 1,000 km of electricity distribution and high-speed fibre-optic networks.
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The European Commission has selected 77 European net-zero technology projects to receive €3.4 billion in funding under the Innovation Fund. The call supports projects across five areas, including large-, medium-, and small-scale decarbonisation, clean-tech manufacturing and pilot projects. The projects are spread across 23 countries in the European Economic Area.
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IGNIS has completed the sale of a 656 MW portfolio of renewable energy projects in Italy. The portfolio has been acquired by flyRen Energy Group SpA, which is backed by Foresight Energy Infrastructure Partners II. The portfolio comprises 28 projects, including solar photovoltaic (PV), battery-hybrid, and wind projects at various stages of development. The sale is part of the company’s asset rotation strategy, with ValeCap serving as financial adviser and Green Horse Legal Advisory and DWF as legal advisers.
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Recurrent Energy has started commercial operations at the 200 MWp Villameca solar project in Castilla y León, Spain. The project adds to Recurrent Energy’s solar portfolio in Spain, alongside the 426 MWp Rey Solar Project in Andalucía and the 315 MWp Tordesillas Project in Castilla y León, which is expected to be connected later this year. With these projects, Recurrent Energy’s operational solar capacity in Spain is expected to reach around 1 GW by the end of 2026.
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METLEN and Karatzis Group have inaugurated a standalone battery energy storage system (BESS) in Larissa, Thessaly, Greece. The facility has an installed capacity of 330 MW/790 MWh. The project was developed through a joint investment vehicle in which METLEN and Karatzis Group hold 49 per cent and 51 per cent stakes, respectively. METLEN was responsible for the construction, operation, and maintenance of the facility.
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Ørsted has exercised its buyback right to acquire the remaining 49.9 per cent stake in the 172 MW Gunfleet Sands 1 & 2 offshore wind farm in the UK for approximately £15 million. Ørsted currently owns 50.1 per cent of the project. The transaction is expected to be completed in November. The project is located 7 km off the Essex coast in the UK and has been operational since 2010.
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ITM Power’s subsidiary, Hydropulse, has signed heads of terms with a European oil refinery for a 150 MW green hydrogen project. The project will use ITM Power’s Alpha electrolyser platform to produce green hydrogen at the refinery under a 10-year agreement. The two parties are already carrying out a joint front-end engineering design study. he project is targeting a final investment decision in 2027, with hydrogen production expected to begin in 2029.
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Metacon’s fully owned Greek subsidiary, Metacon SA, has received EU funding for its participation in the PUREHY2+ project. The project aims to develop an integrated system that will allow biogas producers to produce high-purity hydrogen while capturing carbon dioxide on site. The total project budget is €1.63 million, and it will run for 36 months. Metacon’s share of the budget is €235,022, of which €188,018, or 80 per cent, is covered by EU funding.
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Enery and Coca-Cola HBC Bulgaria EAD have signed a long-term physical power purchase agreement (PPA) for the supply of renewable electricity from the Knizhovnik hybrid power plant in southern Bulgaria. Under the agreement, Enery will supply clean electricity generated locally from renewable sources to Coca-Cola HBC Bulgaria every year, based on a fixed solar generation profile.
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Greenvolt Power has raised € 284 million in project financing for its 253.1 MW wind project in Gurbănești, located east of Bucharest, Romania. The project is currently under construction and is expected to begin commercial operations by the end of 2027. It will comprise 42 wind turbines, each with a capacity of 6.1 MW. The financing has been arranged through a syndicate of eight financial institutions.
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tesa has signed an agreement with EWE HYDROGEN GmbH to receive 500 tonnes of green hydrogen annually for its plant in Hamburg from 2028 in Emden, Germany. The hydrogen will be used for steam generation and is expected to replace fossil fuels, reducing emissions at the plant by around 6,000 tonnes of carbon emissions per year. EWE plans to produce the hydrogen at its 320 MW hydrogen production plant in Emden, which is scheduled to start operations by the end of 2027.
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MaxSolar has secured €155 million HoldCo debt financing from funds managed by Copenhagen Infrastructure Partners (CIP). The facility will refinance MaxSolar’s existing HoldCo debt and provide additional capital for the development of its solar photovoltaic (PV) and battery energy storage system (BESS) portfolio in Germany. The financing will support an approximately 1.3 GW portfolio, of which 465 MW is already operational.
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Alight has acquired a portfolio of 40 large-scale solar projects in southern Sweden from Soltech Energy Solutions. The acquired portfolio has a cumulative planned solar capacity of around 2 GW. Most of the projects also have options for co-located battery storage. The projects are located across Sweden’s SE3 and SE4 electricity price areas. The transaction has been completed following approval from the Inspectorate of Strategic Products.
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Rezolv Energy, through its project subsidiary West Power Investments, has signed up for a €561 million project financing package for the 1.3 GWp Dama Solar project in Arad County, western Romania. It is expected to generate around 1,800 GWh of renewable electricity annually. The project is scheduled to begin commercial operations in 2028. The project is supported by two contracts for difference (CfDs) awarded in Romania’s second CfD auction, covering 520 MW of the project’s capacity, along with a corporate Power Purchase Agreement (PPA).
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Germany’s Federal Network Agency has announced results of its September 2026 innovation and biomethane auction. The innovation auction for solar photovoltaic combined with energy storage was significantly oversubscribed, attracting 53 bids totalling 678 MW against the 475 MW offered. Of these, 32 bids totalling 480 MW were awarded, with prices ranging from 4.50-5.40 ct per kWh and a volume-weighted average of 5.14 ct per kWh.
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PAD RES Group has completed the sale of operational solar projects to Çalık Renewables in Poland. The solar projects include the Sztum and Stargard projects, located in the Pomeranian and West Pomeranian regions. The projects have a combined installed capacity of 255 MW and a combined annual generation exceeding 270,000 MWh. Furthermore, the output generated from the project is sufficient to meet the annual electricity demand of more than 90,000 households.
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