Shell Energy Philippines, through its subsidiary, San Isidro Solar Power Corporation has entered into a 15-year power supply agreement with Greenlight Renewables Holdings. The agreement includes an additional 120 MWp of clean energy which will be sourced from the second phase of the San Isidro solar project located in Leyte. This marks the second power supply contract signed between the companies.
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Headwater Energy has signed a power purchase agreement (PPA) with Meta for the Orca Falls Solar project. The project has an installed capacity of 125 MW and is located in Navarro County, Texas. Project construction is expected to commence in the third quarter of 2026, with commercial operations targeted for November 2027. The project will connect with the ERCOT grid through Oncor Electric Delivery and is expected to generate over $32 million in local tax revenue.
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Qualitas Energy has signed an agreement to acquire Cero Generation’s European platform from Macquarie Group. Cero Generation, established by Macquarie in 2021, is an independent power producer focused on solar photovoltaic and battery energy storage system (BESS) projects. Cero Generation will continue operating under its existing brand as an independent Qualitas Energy portfolio company.
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The first phase of the MTerra Solar project has commenced commercial operations with a capacity of 600 MWac. The project began commercial operations in August 2026 under its power supply agreement with Meralco. The project is being jointly developed by MGEN and Actis, with Actis investing $600 million in the project. The project is expected to deliver 3,500 MWp of solar paired with 4,500 MWh of BESS upon completion.
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OCI Energy, Arava Power and partners have broken ground on the SunRoper solar project in Wharton county, Texas. The project has an installed capacity of 347 MWdc, and is expected to commence operations in December 2027. Furthermore, the project, jointly developed by OCI Energy and Arava Power, is being financed by ING Capital, and constructed by WHC Energy Services.
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CVC DIF has completed the acquisition of the Gabriela hybrid project in Northern Chile. The project was acquired from Grenergy. The project comprises 272 MW of installed solar photovoltaic capacity and 1,100 MWh of battery energy storage (BESS) capacity. The project is also supported by a 15-year dollar denominated, inflation-indexed hybrid power purchase agreement.
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Monarch Private Capital announced completion of two hybrid solar and battery energy storage (BESS) projects in Texas, developed by Sunraycer Renewables, for which it provided tax equity financing. The projects include the Midpoint solar project located in Hill County and the Gaia solar project located in Navarro County. Furthermore, the Midpoint project comprises 127.05 MWdc of solar capacity and a 50 MW/100 MWh BESS while the Gaia project comprises 183.84 MWdc of solar capacity and a 75 MW/150 MWh BESS.
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CrossBoundary Energy commenced operations of its solar and battery energy storage system (BESS) project for Kamoa Copper South Africa. The project comprises a 233 MWp solar photovoltaic array and a 123 MVA/526 MWh BESS. The project will supply 30 MW of baseload power to the Kamoa Copper mining complex in the Democratic Republic of Congo (DRC).
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India is giving a fresh impetus to floating solar with the launch of the Pradhan Mantri Surya Sarovar Yojana (PM-SSY). Approved by the Union Cabinet on July 31, 2026, the scheme seeks to address one of the growing constraints to large-scale solar development: the availability of suitable land. It envisages the development of 5,000 MW of floating solar photovoltaic (FSPV) capacity, with a total financial outlay of Rs 50.70 billion. The projects will be sanctioned during FY 2026-27 to FY 2030-31, with financial assistance continuing to be disbursed through FY 2032-33.
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Indonesia has launched 14 solar power projects as the first phase of Indonesia’s 100 GWp solar programme. The projects are targeted for completion by 2029. The programme involves a total investment of Rp1,140 trillion, while the projects announced in the first phase are estimated to require an investment of Rp135 trillion. Furthermore, the projects have a combined capacity of 5.3 GW.
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EDF Power Solutions North America has signed two 25-year power purchase agreements (PPAs) with NV Energy for the Winston Energy project. The project is located in Lyon County, Nevada. The project combines 400 MWac of solar capacity with a 400 MW/1,600 MWh battery energy storage system. The project is expected to commence operations in October 2029.
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Avantus has closed a $300 million tax equity commitment from Truist Bank for the Aratina 2 project located in Kern County, California. The financing supplements more than $525 million in construction financing secured from BBVA, CIBC and Santander in July 2026. The project will provide 150 MW of solar generation and 452 MWh of battery storage to the California grid.
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Crux has closed a $215 million tax equity investment for the Pleasant Prairie Solar Energy Center. The project features a 240 MW utility-scale solar project located in Franklin County, Ohio. The project is developed and owned by Invenergy. The project, currently under construction, is expected to commence operations in 2027.
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Low Carbon has secured development consent for the Beacon Fen energy park located in Lincolnshire, UK. The project will have 400 MW of solar capacity and 600 MW of co-located battery energy storage system (BESS). The project will generate enough clean electricity annually to power around 130,000 UK homes. The project is expected to offset approximately 72,000 tonnes of carbon emissions annually.
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Syrian Electricity Company (SEC), Syria’s state-owned electricity utility, has signed power purchase agreements (PPAs) with Saudi construction company Mohammed A. Al-Harfi, for the development of three solar power plants with a combined capacity of 760 MWp and battery energy storage system (BESS) totalling 1,077 MWh. The three solar parks will be constructed in the Wadiyan al-Rabi area in rural Damascus and will be connected to a 400 kV transmission line.
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Gurīn Energy has secured 379 MW of electricity business licences (EBLs) in South Korea. The licenses cover three utility-scale solar projects. The three projects are located in Jindo Island and Goheung-gun within Jeonnam-Gwangju Integrated Special City. The projects include 216 MW Jindo Green solar project, 65 MW Jindo Jido-yeomjang solar project and 98 MW Goheung Nuri solar project.
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Germany’s Federal Network Agency has announced the results of the oversubscribed auction held in July 2026 for ground-mounted and non-building solar photovoltaic installations. The auction offered a total capacity of 2,135 MW. A total of 401 bids representing 3,170 MW were submitted, of which 48 bids were disqualified with 261 bids being successful in the pay-as-bid auction.
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Econergy has signed financing agreements of approximately €229 million for its Părău 2 hybrid project in Romania. The project combines a 342 MWp solar plant with a 150 MW co-located battery energy storage system (BESS). The project is currently under construction and is expected to commence operations in late 2027 or early 2028. Financing close of the project is expected to be completed by November 2026.
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Dimension Energy has secured $857 million in additional financing to accelerate the expansion of its distributed solar platform. The financing package includes a $200 million increase in its corporate credit facility and $657 million in construction-to-term debt and tax equity financing. The financing will support 29 distributed solar projects totalling 149 MW across Illinois, New Jersey, New York, Pennsylvania and Virginia.
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Solar energy systems are designed to generate power consistently, but performance can decline due to factors such as soiling, shading, equipment degradation, and inverter issues. These losses do not always trigger immediate alerts and can go unnoticed, gradually reducing output. Operators rely on monitoring systems to track generation and flag major deviations. While these systems provide visibility, they are designed to catch larger failures, not smaller performance losses that develop gradually and often go unreported across systems.
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