Avantus has signed a 20-year power purchase agreement (PPA) with Clean Power Alliance (CPA) for the Rexford 2 solar and battery energy storage system (BESS) project. The project is located in Tulare County, California. It will combine 200 MWac of solar generation with 200 MW/800 MWh of battery energy storage. Additionally, it will supply enough clean electricity to power around 84,000 homes.
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Fidra Energy has reached financial close on its 500 MW/1.1 GWh West Burton C battery energy storage system (BESS) project located in Nottinghamshire, UK. The project received financing of around £231 million in loan facilities from a consortium of international lenders. The loan facilities consists of a term loan and ancillary facilities. Project construction is expected to commence later in 2026, with commercial operations expected in 2028.
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Global Infrastructure Partners (GIP), part of BlackRock, has agreed to acquire a majority and controlling stake in Summit Ridge Energy in US. Summit Ridge Energy, founded in 2017, develops, owns, and operates solar and energy storage projects across the Midwest, Mid-Atlantic, and New England.The transaction remains subject to customary regulatory approvals and closing conditions.
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PureSky Energy has secured $183.7 million in investment-grade refinancing for its operating community solar portfolio in the US. The transaction combines eight debt portfolios into a single financing structure.The portfolio includes 211 MWdc of solar capacity and 58 MWh of battery energy storage system (BESS). The portfolio spans across 43 projects in Massachusetts, New York and Minnesota.
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Sol Systems has achieved financial close for its 123 MWac Peoria Solar Portfolio located in Illinois, US. The projects represent an investment of $355 million and are being financed through Sol Systems’ revolving construction warehouse facility. The projects will be developed across Knox, Tazewell and Peoria Counties. The projects are expected to become operational in 2027.
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The African Development Bank Group (AfDB) has approved a financing package for the first phase of the 500 MW Dandara solar project with a 100 MWh battery energy storage system (BESS). The project is located in Qena Governorate, Egypt. The $66 million financing comprises $46 million from the Bank’s ordinary resources and $20 million from the Climate Investment Funds’ Clean Technology Fund, with additional debt expected from development finance institutions.
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Meralco PowerGen Corporation (MGEN), together with its partners, has inaugurated Phase 1 of the MTerra Solar Project in Nueva Ecija, Philippines. Phase 1 of the project comprises 1,373 MW of solar photovoltaic (PV) capacity and 825 MW/3,300 MWh of battery energy storage system (BESS) capacity. Under Phase 1, more than 2,000 MWdc of solar panels have been installed, while all 741 battery units have been fully energized.
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Masdar has achieved financial close for a 5.2 GW solar photovoltaic (PV) with a 19 GWh battery energy storage system (BESS) round-the-clock project in Abu Dhabi. The project represents a total investment of $6.1 billion. Masdar will be contributing $1 billion in equity for the project. The project is being developed in partnership with Emirates Water and Electricity Company (EWEC). Project construction commenced in October 2025.
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The European Investment Bank (EIB) has approved a €450 million loan to OMV for the construction of a green hydrogen production project in Bruck an der Leitha, Austria. The funding by EIB represents around three-quarters of the projected €600 million investment cost of the project. The project will feature a 140 MW electrolyser powered by renewable electricity.
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GIGA Storage has secured financing for the Green Turtle battery energy storage system (BESS) project located in Dilsen-Stokkem, Belgium. The project has an installed capacity of 700 MW/2,800 MWh. A consortium of 10 international banks including ABN AMRO, ING, Rabobank, Triodos Bank, Triodos Investment Management, asr, Belfius, HCOB, Santander, and SMBC is providing €450 million in debt financing for the project.
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Avantus has secured approximately $525 million in financing for the Aratina 2 solar and battery energy storage (BESS) project located in Kern County, California. The project financing was provided by BBVA, CIBC, and Santander. The financing package includes construction funding, a tax equity bridge loan, and letters of credit. The project, currently under construction, will deliver 150 MWac of solar capacity and 452 MWh of BESS capacity by the end of 2026.
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METLEN has acquired a 40 per cent stake in a special purpose vehicle (SPV) owned by Tsakos Group to jointly develop a hybrid renewable energy project in Greece. The project will comprise a 251.9 MW solar photovoltaic plant coupled with a 375 MWh battery energy storage system (BESS). The SPV will oversee the project’s development, construction, operation, energy management, and commercial management.
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National Energy Regulator of South Africa (NERSA) has approved generation licences for four solar photovoltaic (PV) projects. The projects have a combined contracted capacity of 890 MW under the Renewable Energy Independent Power Producer Procurement Programme Bid Window 7.3. NERSA received the licence applications in January 2026 and completed the public consultation process before granting approval in May 2026.
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Pattern Energy and Salt River Project (SRP) have signed a power purchase agreement (PPA) for up to 600 MW of electricity from the SunZia wind project in the US Southwest. The SunZia wind project has an installed capacity of 3,650 MW. The project is supported by a 550-mile high-voltage direct current (HVDC) transmission line and represents an $11 billion clean energy investment.
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Linea Energy has closed a tax equity financing with Crux for its 172 MWdc Watertown solar project located in Sanilac County, Michigan. The Crux investment completes the project’s financing, bringing the total capital raised to $457 million, including a previously announced $299 million debt package by Santander Corporate & Investment Banking, Société Générale, S.A., Norddeutsche Landesbank Girozentralecon, and Truist Bank.
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Quinbrook has achieved the final close of its Quinbrook Renewables Impact Fund (QRIF II), raising GBP 587 million through the fund, surpassing its GBP 500 million target.The fund will invest in renewable energy, energy storage, and grid infrastructure across the UK and Ireland to support their 2030 clean energy goals. Key projects under the fund include the 373 MWdc Mallard Pass Solar Project in England, the 963 MVA.s Wexford Synchronous Consider Project in Ireland, Project Norton combining 65 MW solar with 41 MW battery storage, and Aegis Energy’s clean refuelling hub network.
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Opdenergy has secured $227 million in financing for its operational renewable energy portfolio in Chile. The financing was provided by SMBC, BNP Paribas and ICO and is backed by long-term DISCO and private power purchase agreements with investment-grade off-takers, comprising the 104 MWp Sol de Los Andes solar plant and 90 MW/513 MWh Sol de Los Andes BESS, both in the Atacame region.
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Sungrow commissioned the 100 MW/400 MWh Santong battery energy storage project (BESS) in Terengganu, Malaysia. It is owned and developed by Tenaga Nasional Berhad (TNB). Sungrow supplied 90 PowerTitan 2.0 liquid-cooled BESS units along with its facility energy management system for the project. The project also successfully completed a 100 MW full-power discharge test.
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Uniper and Respect Energy have signed 6-year power purchase agreements (PPAs) for renewable electricity and guarantees of origin (GoOs) from four new solar projects. The projects include the Pakość, Kłodawa, Domanowo, and Krotoszyce solar facilities, all located in Poland. These projects have a combined installed capacity of 219 MWp. Under the agreement, Respect Energy will purchase both the solar electricity and its associated renewable energy certificates (GoOs).
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SK Inc. and KKR have signed agreements to establish a renewable energy platform in South Korea. The platform will be valued at KRW 2 trillion (approximately $1.3 billion). The platform will manage 1.7 GW of operational renewable capacity and a development pipeline expected to expand total capacity to 10 GW. The platform will span solar, onshore wind, offshore wind, and fuel cells, while excluding hydrogen.
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