Category: Solar Power

Plugging Storage into India’s Rooftop Solar Revolution: Report

Plugging Storage into India’s Rooftop Solar Revolution: Report

October 23, 2026 | , ,

Rooftop solar accounts for 19% of India’s total installed solar capacity as of July 2026, concentrated in ten Indian states: India’s total installed solar capacity reached 164.6 GW in July 2026, of which 30.7 GW comes from rooftop solar capacity. This rooftop solar share tripled since 2019 from 6% to 19%, demonstrating a significant growth led by Gujarat, Maharashtra, Uttar Pradesh, Rajasthan, Kerala, Tamil Nadu, Haryana, Madhya Pradesh, Karnataka and Andhra Pradesh. Residential consumers now account for half of India’s rooftop solar capacity: Residential rooftop solar capacity under PM Surya Ghar: Muft Bijli Yojana stood at 14.9 GW across 5 million households as of July 2026, with ~88% of it concentrated in ten states.

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Encavis signs hybrid PPA with Visalia in Spain

Encavis signs hybrid PPA with Visalia in Spain

October 22, 2026 | , , ,

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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Deriva Energy secures $540 million for 350 MW solar project in US

Deriva Energy secures $540 million for 350 MW solar project in US

October 22, 2026 | , ,

Deriva Energy has closed approximately $540 million in financing for the Sullivan County Power Project in Indiana. The project is a 350 MW solar power project currently under construction in Sullivan County. The financing will support the continued development and construction of the project. Financing was arranged by Deriva Energy’s Capital Markets team and includes commitments from five banks: Royal Bank of Canada (RBC), DNB Bank ASA, Mizuho Bank Ltd., National Westminster Bank PLC, and Wells Fargo Securities LLC.

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HAU Energy and Infinity Power secure financing for solar with BESS project in Egypt

HAU Energy and Infinity Power secure financing for solar with BESS project in Egypt

October 21, 2026 | , , ,

HAU Energy and Infinity Power have secured debt financing of up to $566 million for the development of the Nefer Minya solar photovoltaic project in Minya, Egypt. The financing package includes up to $265 million arranged by the European Bank for Reconstruction and Development (EBRD). The EBRD-arranged financing includes $160 million from its own funds, $75 million mobilised from the Bank of Jordan, and up to $30 million in concessional financing from the Clean Technology Fund.

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IGNIS sells 656 MW renewable energy portfolio in Italy 

IGNIS sells 656 MW renewable energy portfolio in Italy 

October 21, 2026 | , , , ,

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 commissions 200 MW solar project in Spain

Recurrent Energy commissions 200 MW solar project in Spain

October 16, 2026 | , ,

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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Impact Fund Denmark invests in 500 MWp Philippines solar project 

Impact Fund Denmark invests in 500 MWp Philippines solar project 

October 16, 2026 | , ,

Impact Fund Denmark is investing in the 500 MWp Lasso 2 solar project in northern Luzon, Philippines. The project is being developed and will be operated by Vena Energy. The project is currently under construction and is expected to become operational in 2027. Furthermore, the investment is being made through the Danish SDG Investment Fund II, established by Impact Fund Denmark together with PenSam, P+, PFA, PKA and PBU.

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New York announces $200 million for 565 MW solar projects

New York announces $200 million for 565 MW solar projects

October 14, 2026 | , ,

The New York State Energy Research and Development Authority (NYSERDA) has announced a framework to deploy $200 million through the state’s Sustainable Future Program to expand access to affordable solar energy. The funding will be administered through the NY-Sun Program, with incentives disbursed after project completion. It is expected to support the deployment of approximately 565 MW of solar capacity.

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Arevon signs REC contracts for 200 MW solar project in Illinois

Arevon signs REC contracts for 200 MW solar project in Illinois

October 13, 2026 | , ,

Arevon Energy has signed three 20-year indexed renewable energy credit (REC) contracts with Ameren Illinois, Commonwealth Edison Company, and MidAmerican Energy Company for its 200 MWac/275 MWdc Panther Energy Project in Perry County, Illinois. The project is expected to begin construction in 2027 and be completed in 2028. The contracts follow Panther Energy’s selection in the Illinois Power Agency’s Summer 2026 Indexed REC procurement, which the Illinois Commerce Commission approved.

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TotalEnergies and KKR to add 700 MW renewables in US

TotalEnergies and KKR to add 700 MW renewables in US

October 12, 2026 | , ,

TotalEnergies and KKR have signed an agreement to add a 700 MW portfolio of renewable energy assets to their existing 50:50 joint venture (JV) in the US, which currently holds 1.4 GW of capacity. The portfolio includes three utility-scale solar projects located in Texas and Ohio, which are expected to begin commercial operations by the first quarter of 2027. Furthermore, the electricity generated by these projects has already been sold to third parties or will be marketed by TotalEnergies.

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Generate Capital and KeyState close community solar fund

Generate Capital and KeyState close community solar fund

October 9, 2026 | , ,

Generate Capital has closed a $154.5 million tax equity fund with SOLCAP, KeyState’s tax equity investment platform, to finance 10 community solar projects across New York and Illinois, with a combined capacity of 43 MWac. This marks the sixth tax equity fund by Generate Capital and KeyState. The latest fund follows an $85 million community solar tax equity fund announced in October 2025, which is nearing final funding.

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Grenergy secures $457 million for solar and storage projects in Chile

Grenergy secures $457 million for solar and storage projects in Chile

October 9, 2026 | , , ,

Grenergy has secured $457 million in non-recourse senior financing for a portfolio of projects in Chile with a total solar capacity of 446 MW and energy storage capacity of 1.8 GWh. The financing covers Algarrobal, the fifth phase of the Oasis de Atacama project, which has 242 MW of solar capacity and 1,480 MWh of energy storage, and the Palmas cluster, comprising 21 distributed generation solar projects with a combined capacity of 204 MW and 289 MWh of storage.

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EU Mid-Year Solar Market Update: Report

EU Mid-Year Solar Market Update: Report

October 9, 2026 | , , ,

The report highlights that, the first half of 2026 has shown a more resilient EU solar market than anticipated, but not an improvement in its underlying fundamentals. The renewed fossil fuel crisis has strengthened the economic and energy-security case for solar and supported demand in several markets, helping compensate for weakening support schemes and continued regulatory and grid constraints. Against this backdrop, preliminary country data indicate that the EU solar market grew slightly in H1. At the same time, the EU’s solar fleet once again demonstrated its strategic value, shielding consumers and businesses from fossil fuel price spikes and supporting Europe’s power system during a summer.

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Enery and Coca-Cola sign hybrid PPA in Bulgaria

Enery and Coca-Cola sign hybrid PPA in Bulgaria

October 8, 2026 | , , ,

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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CIP refinances MaxSolar’s 1.3 GW clean energy portfolio

CIP refinances MaxSolar’s 1.3 GW clean energy portfolio

October 6, 2026 | , , ,

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 acquires 2 GW solar and storage pipeline from Soltech in Sweden

Alight acquires 2 GW solar and storage pipeline from Soltech in Sweden

October 1, 2026 | , , ,

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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Enel acquires 270 MW solar portfolio in the US

Enel acquires 270 MW solar portfolio in the US

October 1, 2026 | , ,

Enel, through its wholly-owned subsidiary Enel Green Power North America, has completed the acquisition of 7 operational solar plants in the US from an unnamed utility. The plants have a combined installed capacity of approximately 270 MW, and are expected to generate around 0.4 TWh of electricity annually. The acquisition was completed for approximately $140 million.

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NYPA and EDF announce partnership for 240 MW solar project 

NYPA and EDF announce partnership for 240 MW solar project 

September 30, 2026 | , ,

EDF Power Solutions North America and the New York Power Authority (NYPA) have announced a partnership for the development of the 240 MW Rich Road solar project in Canton, St. Lawrence County, New York. Under the partnership, NYPA, through its wholly owned subsidiary New York Renewable Energy Development Holdings Corporation, will hold a 51 per cent majority stake in the project, while EDF Power Solutions will remain a minority owner.

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