Category: Solar Power

Polaris signs agreement for renewable energy projects in Mexico

Polaris signs agreement for renewable energy projects in Mexico

July 8, 2026 | , , ,

Polaris Renewable Energy has signed a 30-year mixed investment agreement with CFE for the development, financing, construction and operation of three renewable energy projects in Mexico. The portfolio comprises approximately 250 MWdc of solar capacity and 61.6 MW/192 MWh of BESS across Quintana Roo, Tlaxcala and Sinaloa. The projects include the 132.57 MWdc Los Girasoles solar project paired with 101.5 MWh of BESS, 91.06 MWdc of Solar Energía Tres Hermanos solar project paired with 71.6 MWh of BESS and 25.3 MWdc of  Don Humberto solar project along with 18.9 MWh BESS. 

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Opdenergy secures $227 million for Chile renewables portfolio

Opdenergy secures $227 million for Chile renewables portfolio

July 8, 2026 | , , ,

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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Uniper and Respect Energy sign solar PPAs in Poland

Uniper and Respect Energy sign solar PPAs in Poland

July 7, 2026 | , ,

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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ADB backs 310 MW solar expansion in Bhutan 

ADB backs 310 MW solar expansion in Bhutan 

July 3, 2026 | , ,

The Asian Development Bank (ADB) has approved a $160 million loan to expand solar power generation in Bhutan through the deployment of at least 310 MW of new solar capacity. The project includes 120 MW Wobthang, 40 MW Pedseling, and 150 MW Dramthang solar farms. The initiative also includes 46 km of transmission infrastructure to connect the projects to the national grid. 

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Scatec commissions 142 MW solar plant in Brazil

Scatec commissions 142 MW solar plant in Brazil

July 3, 2026 | , ,

Scatec ASA has commenced commercial operations of the 142 MW Rio Urucuia solar power plant in Minas Gerais, Brazil. This project expanded Scatec’s Brazilian installed capacity to 835 MW. The project operates under a 10-year power purchase agreement (PPA) with Statkraft, covering around 75 per cent of expected generation, with the remaining output to be sold through the spot market and additional PPAs. 

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Vena Energy secures A$1.4 billion financing for Australian renewables 

Vena Energy secures A$1.4 billion financing for Australian renewables 

July 3, 2026 | , , ,

Vena Energy has secured A$1.4 billion in green financing to support its Australian solar and BESS assets. The financing is backed by BNP Paribas, Bank of China, DBS Bank, ING Bank, Intesa Sanpaolo (IMI CIB Division), Mizuho Bank, MUFG Bank, OCBC, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and Westpac Banking Corporation. The financing covers greenfield project funding with the refinancing of existing facilities, across two transactions.

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Earthrise commissions 270 MW solar project in Illinois

Earthrise commissions 270 MW solar project in Illinois

July 2, 2026 | , ,

Earthrise Energy has commenced commercial operations at the Archtop solar project located in Illinois. The project has an installed capacity of 270 MWac and comprises the Gibson City Solar 1 and 2 facilities. The project is the first to utilise the Earthrise’s surplus interconnection strategy, enabling new solar generation to leverage the existing grid infrastructure of its Gibson City natural gas peaking plant. 

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Actis acquires Klara Renewables in Poland

Actis acquires Klara Renewables in Poland

July 2, 2026 | , , ,

Actis has agreed to acquire Klara Renewables from CVC DIF. Klara Renewables is a 171 MW operational onshore wind portfolio located in Poland. The portfolio also offers around 275 MW of hybridisation potential through co-located solar PV and battery energy storage. The portfolio also has a long-term target of 1.5 GW of renewable capacity. The portfolio comprises six operational wind projects supported by contracts for difference through 2038-39, including three projects in Wielkopolska, two in Kujawy-Pomorze, and one in Podlasie, all powered by Vestas turbines.

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IPX gets $4.95 billion for California solar and BESS project 

IPX gets $4.95 billion for California solar and BESS project 

June 30, 2026 | , , ,

IPX Power has secured $4.95 billion in committed financing for the construction and operation of the Darden solar and storage projects located in Fresno County, California. The project will feature 1.15 GWac of solar capacity and 4.6 GWh of battery energy storage (BESS). Commercial operations for the project are expected to commence in 2028.

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EDF to develop 2 GW pumped hydro storage and 500 MW solar project in Oman

EDF to develop 2 GW pumped hydro storage and 500 MW solar project in Oman

June 30, 2026 | , , ,

EDF Power Solutions and the Sultanate of Oman have signed three agreements to advance energy cooperation and sustainable development. The agreement include the 2 GW Jabal Abyad Pumped Hydro Energy Storage (PHES) Project, to be developed in partnership with EDF power solutions, Oman National Engineering and Investment Co (ONEIC), TAKHZEEN Oman and Green Universe Enterprise (GUE) alongside Oman’s Authority for Public Services Regulation (APSR).

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RWE and PPC commission 930 MWp solar capacity in Greece 

RWE and PPC commission 930 MWp solar capacity in Greece 

June 29, 2026 | , ,

RWE and PPC have commissioned the final solar farm of the Amynteo photovoltaic complex located in Western Macedonia, Greece. This commissioning brings the nine solar projects with a combined capacity of 930 MWp into full operation. The projects were developed through their joint venture Meton Energy S.A. with RWE owning 51 per cent and PPC owning 49 per cent. 

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rPlus Energies commissions 400 MW solar plus BESS project in Utah

rPlus Energies commissions 400 MW solar plus BESS project in Utah

June 25, 2026 | , , ,

rPlus Energies has commenced commercial operations at the Green River Energy Center located in Emery County, Utah. The project features 400 MW of solar generation capacity and a 400 MW/1,600 MWh battery energy storage system (BESS). The project is expected to generate over $55 million in property tax revenue to support local schools and public services. The project was commissioned on June 22, 2026. 

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SunAsia and VinEnergo plan 422 MWp floating PV in Philippines

SunAsia and VinEnergo plan 422 MWp floating PV in Philippines

June 25, 2026 | , ,

SunAsia Energy Inc. and VinEnergo have partnered to develop a 422-MWp solar on Water portfolio across Pampanga and Negros Occidental, Philippines. The portfolio comprises three floating solar projects representing an estimated investment of $406 million. The projects are targeted for commercial operation between 2027 and 2028. Once operational, the projects are expected to generate clean electricity to power more than 278,000 homes annually.

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I Squared Capital and GS E&C to develop 1.5 GW renewables in South Korea

I Squared Capital and GS E&C to develop 1.5 GW renewables in South Korea

June 23, 2026 | , , ,

I Squared Capital and GS E&C have signed a memorandum of understanding to establish a joint venture (JV) focused on developing solar and battery energy storage projects in South Korea. The partnership aims to secure and develop 1.5 GW of renewable energy capacity by 2035, including approximately 820 MW of solar projects. The collaboration aligns with South Korea’s energy transition goals as it targets renewable energy sources to contribute at least 20 percent of total electricity generation by 2030.

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Matrix Renewables secures $1.3 billion for US renewable portfolio 

Matrix Renewables secures $1.3 billion for US renewable portfolio 

June 23, 2026 | , , ,

Matrix Renewables has closed a $1.3 billion financing package for a US portfolio comprising 859 MWdc of solar and 167 MWh of battery energy storage projects (BESS) across Texas, California, and Idaho. The transaction includes over $470 million in construction-to-term loans, around $400 million in tax equity bridge financing, and approximately $100 million in letters of credit.

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NOVVA Group to acquire 120 MWp solar plant in Philippines

NOVVA Group to acquire 120 MWp solar plant in Philippines

June 19, 2026 | , ,

NOVVA Group has signed an agreement to acquire 100 per cent of the San Jose Solar Power Plant (SJSP) from Mabuhay Power Holdings Corporation. The project is located in Mindanao, Philippines. The plant has an installed capacity of 120 MWp. The agreement marks Novva’s first investment in the Philippines, anchoring its Al-era power platform in Southeast Asia. 

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Permanent Power Company secures financing for Grape solar and storage project in California

Permanent Power Company secures financing for Grape solar and storage project in California

June 19, 2026 | , , ,

CIM Group’s Permanent Power Company has secured approximately $600 million in construction financing for its Grape solar and battery storage project. The project is located in California. The project includes 246.4 MWac of solar PV capacity and a 150 MW/600 MWh battery energy storage system (BESS) located within Westlands Solar Park.

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A.P. Moller to acquire Mainstream Renewable Power South Africa 

A.P. Moller to acquire Mainstream Renewable Power South Africa 

June 18, 2026 | , , , ,

A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II (EMIF II), has signed an agreement to acquire Mainstream Renewable Power South Africa. Mainstream Renewable Power was established in 2009. It has a portfolio comprising 148 MW of operating and under-construction assets, 351 MW of construction-ready projects, and an approximately 11.6 GW pipeline of solar, wind, and battery storage projects. 

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FRV secures grid capacity for 2.3 GW renewables in Germany

FRV secures grid capacity for 2.3 GW renewables in Germany

June 17, 2026 | , , ,

Fotowatio Renewable Ventures (FRV) has secured 2.3 GW of grid capacity in Germany to support a portfolio of battery energy storage, solar PV, and hybrid renewable energy projects. The portfolio forms part of FRV’s broader international pipeline spanning solar, energy storage, hybrid systems, green hydrogen, and data center developments, with projects targeting ready-to-build (RTB) status between 2026 and 2029.

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Nautilus secures financing for 200 MW US community solar projects 

Nautilus secures financing for 200 MW US community solar projects 

June 17, 2026 | , ,

Nautilus Solar Energy has renewed its construction debt facility with a total commitment of $600 million in US. The financing will support the construction of approximately 200 MW of community solar projects across Nautilus’s portfolio. Co-lead arrangers for the facility include National Bank of Canada Capital Markets, Royal Bank of Canada, and Export Development Canada.

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