Category: Solar Power

Sunraycer Renewables secures $901 million for solar and BESS projects in Texas

Sunraycer Renewables secures $901 million for solar and BESS projects in Texas

May 15, 2026 | , , ,

Sunraycer Renewables has secured a $901 million project financing facility from MUFG Bank Limited., Ally Bank, Nomura Securities International, Inc., Norddeutsche Landesbank Girozentrale, and Societe Generale. It will support the construction and operation of three solar and battery energy storage system (BESS) projects in Texas, aggregating 479.5 MWac of solar generation capacity and 236.5 MWac of two-hour BESS.

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OCI Energy and Arava Power sign agreement for 670 MWdc Texas solar project  

OCI Energy and Arava Power sign agreement for 670 MWdc Texas solar project  

May 14, 2026 | , ,

OCI Energy andArava Power have signed a membership interest purchase agreement (MIPA) for the 670 MWdc La Salle Solar project. The project is located in La Salle County, Texas. Under the agreement, Arava Power will acquire a 50 per cent stake in the project, with both companies jointly financing, constructing, owning, and operating the plant. The agreement marks the third collaboration between the two companies in the Texas renewable energy market.

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J&V Energy Technology to acquire 187 MW solar portfolio in Taiwan 

J&V Energy Technology to acquire 187 MW solar portfolio in Taiwan 

May 13, 2026 | , ,

J&V Energy Technology Co., Ltd. has signed an agreement to acquire a portfolio of operational solar plants in Taiwan. The portfolio includes 42 operating solar plants located across Central and Southern Taiwan with a combined capacity of 187 MW. The portfolio will be acquired from a fund managed by BlackRock’s Global Infrastructure Partners. Furthermore, the plants are expected to generate around 270 million kWh of clean electricity annually which is sufficient to power nearly 80,000 households for more than 15 years.

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Meta and DESRI sign 850 MW clean power PPAs in US

Meta and DESRI sign 850 MW clean power PPAs in US

May 13, 2026 | , , ,

DESRI and Meta have signed 850 MW of solar and battery storage power purchase agreements (PPAs) in US. The agreement includes 500 MW in Oklahoma, 200 MW in Texas and 150 MW in Mississippi. With these agreements, the total contracted solar and battery storage capacity between the companies has increased to approximately 2,575 MW in US. Previously contracted projects between the companies include 150 MW in Texas, 300 MW in Utah and 100 MW in New Mexico.

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Germany awards 2.2 GW of solar capacity 

Germany awards 2.2 GW of solar capacity 

May 13, 2026 | , ,

The Federal Network Agency of Germany has announced the results of its March 1, 2026 solar PV auction which was oversubscribed. The tender covered 2,295 MW of ground-mounted and special-structure solar projects. A total of 532 bids of 4,622 MW capacity were submitted, while 268 bids totaling 2,299 MW secured awards. Additionally, 39 bids were excluded from the auction process.

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Rezolv Energy commissions 225 MW solar park in Bulgaria

Rezolv Energy commissions 225 MW solar park in Bulgaria

May 12, 2026 | , ,

Rezolv Energy has commissioned the 225 MW St. George solar park in Silistra, Bulgaria. The project represents an investment of $300 million. The project incorporates 400,000 solar panels along with a 90 MW/240 MWh battery energy storage system supported by the EU’s Next GenerationEU programme. Furthermore, the project is expected to generate around 313 GWh of electricity annually for at least 30 years.

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Grenergy secures $268 million for solar plus storage project in Chile

Grenergy secures $268 million for solar plus storage project in Chile

May 12, 2026 | , , ,

Grenergy has secured $268 million in non-recourse financing for the Monte Águila solar plus storage project in Chile. The financing was arranged through an international banking syndicate led by BNP Paribas, alongside KfW IPEX-Bank, Rabobank, Natixis, and Scotiabank. The Monte Águila project also benefits from a 12-year daytime power purchase agreement.

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YEC inks solar PPA with Rio Tinto for Pilbara project

YEC inks solar PPA with Rio Tinto for Pilbara project

May 11, 2026 | , ,

Yindjibarndi Energy Corporation (YEC) has achieved financial close and signed a 30-year power purchase agreement (PPA) with Rio Tinto for the Jinbi Solar Project. The project is located in Pilbara, Australia. Under the agreement, YEC will supply 100 per cent of the electricity generated from the project to support decarbonisation of Rio Tinto’s Pilbara iron ore operations. 

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SEG announces 4 GW solar module factory in US

SEG announces 4 GW solar module factory in US

May 8, 2026 | , ,

SEG Solar has announced plans to establish a 4 GW solar module manufacturing facility in Houston, US. The facility represents an investment of more than $200 million, expanding SEG’s total annual US solar module production capacity to approximately 6 GW. The facility is expected to commence operations in the third quarter of 2026. Furthermore, the expansion follows SEG’s plans for a 5 GW ingot and wafer manufacturing facility in Indonesia, strengthening its fully integrated solar supply chain across ingots, wafers, and cells. 

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Vena starts construction of 380 MWp solar projects in Philippines

Vena starts construction of 380 MWp solar projects in Philippines

May 8, 2026 | , ,

Vena Energy has commenced construction for the 80.6 MWp Astra Solar and 300 MWp Opus Solar projects located in Ilocos Norte, Philippines. These projects together will expand the company’s total solar capacity in Ilocos Norte to approximately 480 MWp. Groundbreaking ceremonies were held on 5th May 2026 for the Astra Solar project in Currimao and on 6th May 2026 for the Opus Solar project in Paoay. 

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Longroad Energy commences operations of Sun Pond Project in Arizona

Longroad Energy commences operations of Sun Pond Project in Arizona

May 7, 2026 | , , ,

Longroad Energy has commenced commercial operations at the Sun Pond project in Arizona. The project comprises 111 MWdc solar and 85 MWac/340 MWh battery energy storage system (BESS). The project is expected to generate renewable electricity to power around 35,000 US homes annually while avoiding more than 145,000 metric tonnes of carbon emissions annually.

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GOLDBECK SOLAR to develop 268 MWp solar park in Germany

GOLDBECK SOLAR to develop 268 MWp solar park in Germany

May 7, 2026 | , ,

GOLDBECK SOLAR is developing the 268 MWp Schafhöfen Solar park in Bavaria, Germany for Blue Elephant Energy GmbH. The project company is BEE Solarpark Schafhöfen GmbH & Co. KG, while GOLDBECK SOLAR will deliver the project under a turnkey EPC contract. Construction for the project is scheduled to commence from May 21, 2026, while commercial operations are targeted for September 2027. 

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EDP and Meta sign PPA for 250 MW solar project in Arkansas

EDP and Meta sign PPA for 250 MW solar project in Arkansas

May 6, 2026 | , ,

EDP, through EDP Renewables North America, has signed a long-term power purchase agreement (PPA) with Meta for the 250 MW Cypress Knee Solar project in Arkansas. The project is scheduled for completion by 2028. The agreement marks Meta’s third clean energy partnership with EDPR NA, taking the companies’ total contracted renewable energy portfolio to 545 MW in US.

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New York launches a new onshore renewable energy tender

New York launches a new onshore renewable energy tender

May 5, 2026 | , , ,

The New York State Energy Research and Development Authority (NYSERDA) has launched the 10th annual Renewable Energy Standard solicitation, RESRFP26-1, to accelerate clean energy deployment across New York. The solicitation, issued on April 24, 2026, seeks Tier 1-eligible renewable energy certificates (RECs) from projects with a near-term path to commercial operation. The procurement process will follow a two-step structure comprising a step one eligibility application and a step two competitive bid proposal process.

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EWEC and Masdar join forces for 30 GW solar and 8 GW BESS

EWEC and Masdar join forces for 30 GW solar and 8 GW BESS

May 5, 2026 | , , ,

Emirates Water and Electricity Company (EWEC) has signed a collaboration framework agreement (CFA) with Masdar to accelerate the development of renewable energy projects across the UAE. The agreement supports EWEC’s plans to deploy more than 30 GW of solar PV capacity and over 8 GW of battery energy storage aligning with Abu Dhabi’s Clean Energy Strategy 2035 and the UAE Net Zero 2050 initiative. 

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TotalEnergies and Nextnorth commence construction of 440 MWp solar project in Philippines

TotalEnergies and Nextnorth commence construction of 440 MWp solar project in Philippines

May 1, 2026 | , ,

TotalEnergies and Nextnorth have achieved financial close and begun construction of a 440 MWp solar project located in Isabela, Philippines. TotalEnergies owns 65 per cent of the project while Nextnorth has a 35 per cent stake in the project. The project is expected to commence operations by the end of 2027. The project is estimated to generate 13.5 TWh of electricity over a period of 20 years.

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IFM Investors to complete 100 per cent acquisition of Nala Renewables

IFM Investors to complete 100 per cent acquisition of Nala Renewables

April 29, 2026 | , , ,

IFM Investors will acquire the remaining 50 per cent stake in Nala Renewables from Trafigura Renewables. Nala Renewables, a renewable-energy platform located in London, operates a multi-technology portfolio with over 2 GW capacity across solar, wind, and storage. The platform also targets 10 GW of global capacity in operation, construction, or late-stage development by 2030.

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Graphic Packaging Holding signs VPPA for 250 MW solar project in Texas

Graphic Packaging Holding signs VPPA for 250 MW solar project in Texas

April 29, 2026 | , ,

Graphic Packaging Holding Company has signed a virtual power agreement (VPPA) with NextEra Energy Resources for the 250 MW Selenite Springs Energy solar project in West Texas. The project is expected to begin operations by the end of 2027. Graphic Packaging will be the sole buyer of renewable energy certificates, covering around 43 per cent of its US and Canada electricity use.

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EIB approves €2 billion for clean energy initiatives in Europe 

EIB approves €2 billion for clean energy initiatives in Europe 

April 27, 2026 | , , , ,

The European Investment Bank (EIB) has approved €10 billion in financing, including €2 billion for clean energy initiatives in Europe. The funding will support offshore wind in Germany, solar projects in Italy, and renewable adoption by businesses in Austria. It also includes investments in energy efficiency for heating systems in Latvia and grid upgrades in the Netherlands.

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Toyota Tsusho commissions 100 MW solar projects in Tunisia

Toyota Tsusho commissions 100 MW solar projects in Tunisia

April 27, 2026 | , ,

Toyota Tsusho Corporation, through its group company AEOLUS SAS, has completed the construction of two solar plants totaling 100 MW in Tunisia. The plants, developed in partnership with Scatec ASA, are located in Sidi Bouzid and Tozeur governorates. The 50 MW Sidi Bouzid Mezzouna plant began operations in January 2026, while the 50 MW Tozeur plant began operations in March 2026.

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