The analysis reveals that Colombia has strong potential for solar PV (1 604.9 GW) and onshore wind (31.5 GW), with priority zones identified in the northern and southwestern regions. The findings provide insights on maximum development potential to inform national infrastructure planning and contribute to high-level policy frameworks aimed at achieving universal electricity access and mitigating the impact of climate change.
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Metlen Energy and Metals (METLEN) has reached financial close on a refinancing of all its operating and under-construction assets in Australia. Furthermore, the financial close was reached with lenders, namely Deutsche Bank, Intesa Sanpaolo (IMI CIB Division), and Westpac Banking Corporation. Once operational, the solar portfolio will produce renewable energy of almost 1 TWh annually.
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The California Energy Commission (CEC) has approved the Darden Clean Energy Project under the state’s Opt-In Certification program. The project will be built in western Fresno County, California. It consists of a 1,150 MW solar facility and up to 1,150 MW (4,600 MWh) of battery storage. The Opt-In Certification program provides a consolidated state permitting option for eligible clean energy projects.
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Dimension Energy has secured a $360 million construction and term financing for a new 112 MWdc portfolio. The portfolio consists of 28 community solar projects in the states of New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania in US. First Citizens Bank acted as lead debt syndicator, along with ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Additionally, Advantage Capital provided $170 million in tax equity.
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Blue Elephant Energy has secured €200 million in financing from Infranity. The funds will be used for the development and construction of 1 GW of renewable energy capacity across Europe. The €200 million financing has been provided in the form of a Holdco construction facility, with an option to increase it further by €200 million. Infranity is acting as the sole lender and has directly structured the funding provided to Blue Elephant Energy.
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ib vogt has inaugurated the Segovia Cluster situated in the Segovia region of Spain. The Segovia Cluster consists of four utility-scale photovoltaic plants with a total capacity of 513.1 MWp. The plants are the Serbal solar plant with a capacity of 174 MWp, the Castaño solar plant with a capacity of 134 MWp, the Pato solar plant with a capacity of 110 MWp, and the Baobab solar plant with a capacity of 95.1 MWp.
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European Energy has inked PPA with Amazon Australia to supply renewable electricity from solar parks in Australia. The agreement covers the Mokoan Solar Park and Winton North Solar Park in Victoria, as well as the Bullyard Solar Park in Queensland. The Mokoan Solar Park is already operational, while the Winton North Solar Park and Bullyard Solar Park are in the pre-construction procurement phase.
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The US solar industry installed 10.8 GWdc of capacity in the first quarter of 2025. Despite both a quarterly and annual decline in capacity, Q1 2025 was the industry’s fourth-best quarter. The utility-scale segment followed a similar trend, with 9 GWdc of capacity, which is lower than both Q1 2024 and Q4 2024. However, Q1 2025 still ranks among the segment’s top quarters ever. Sixty-five percent of the quarterly utility-scale installations were concentrated in five states: Texas, Florida, Ohio, Indiana and California.
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Scale Microgrids has closed $275 million in new project financing, bringing the total financing raised by the company to over $1 billion. The financing will support 140 MW of distributed generation projects, including the company’s community-scale solar and storage and battery storage installations. The projects are spread across US in New York, Pennsylvania, New Jersey, Connecticut, and California.
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DESRI has achieved financial notice to proceed, and it has commenced construction of the Catclaw solar and storage project situated in Buckeye, Arizona. The Catclaw project is a 205 MWac solar facility with a 1,000 MWh storage system. DESRI purchased the project from Avantus in 2024. BNP Paribas and Norddeutsche Landesbank Girozentrale served as coordinating lead arrangers.
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Zelestra has commenced commercial operations at the San Martín solar plant in Perú. The solar plant has a capacity of 300 MWdc and is led by Zelestra’s internal engineering, procurement, and construction (EPC) division. The solar plant comprises 450,000 modules and will generate over 830 GWh of clean energy annually. The solar project supplies clean energy to its customer, Kallpa Generación, through a long-term power purchase agreement.
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This report by KPMG now provides an overview of taxation across the renewable energy sector, which has prompted the change in its title. In many countries, renewable energy production is subject to standard corporate income tax (CIT) rates, which range from 12.5% in Ireland to as high as 35% in Argentina and India. Generally, most countries impose CIT on renewable energy production within the 20% to 30% range. It’s important to note that applicable tax rates vary due to local regulations, so please refer to the relevant country sections for specific details.
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PV Module Index Report by RETC compiles the results of beyond-certification bankability tests conducted at our highly accredited independent testing laboratories over 12 months, spanning Q2 2024 through Q1 2025. The bankability tests published in the report are foundational to a science- and engineering-based approach to technical risk mitigation. The goal of a data-driven approach to project development is not to eliminate every risk at any cost but rather to balance risk mitigation based on a holistic cost-benefit analysis. Industry stakeholders can use the comparative test results contained in this report to identify product or project designs best suited to a specific environment, location, or portfolio, as determined by RETC’s Thresher Test results.
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Lightsource bp has secured approximately TWD 6 billion in financing for its fishery solar project. The project has a capacity of 115 MWp and is situated in Budai and Yizhu Townships within Chiayi County, Taiwan. Construction of the project is set to commence in June 20205. Furthermore, the company is cooperating with local developer GreenRock Energy for the development and fishery management for the project.
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Earthrise Energy has secured close of a $630 million debt financing for the Gibson City Solar project. The project has a capacity of 270 MWac and is situated within Illinois’ MISO power market. The debt financing consists of a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. Marathon Capital acted as the financial advisor to Earthrise Energy on the overall transaction.
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Soltage has secured the closing of a $260 million construction and term debt financing facility. The financing will aid the near-term deployment of solar and storage projects from Soltage’s development pipeline of over 2 GW across US. The financing structure comprises a revolving construction loan, tax equity bridge loan, and a term loan facility. The facility was structured and led by the National Bank of Canada, alongside First Citizens Bank.
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Origis Energy has secured the financial closing of the Wheatland solar project with MUFG. The portfolio financing package of over $530 million supports two projects of Origis Energy. The first is the Wheatland Solar project, which will provide 150 MWac of solar capacity. It is situated in Knox County, Indiana, and is slated for completion in the first half of 2026. Additionally, it is supported by a power purchase agreement (PPA) with CenterPoint Energy.
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rPlus Energies has secured the close of tax equity financing commitment with RBC Community Investments and a syndicate of investors. The tax equity financing commitment exceeds $500 million and will support the Green River Energy Center, situated in Emery County, Utah. It is a solar-plus-storage project. The Green River Energy Center includes 400 MWac of solar PV and 400 MWac/1,600 MWh of battery storage.
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Sonnedix has inked a power purchase agreement (PPA) with Renfe for the purchase of 420 GWh of renewable energy per year to power its commercial operations. The solar installations used in this financial PPA will generate annual energy, which will be enough to power 112,000 homes. The PPA will meet a substantial amount of Renfe’s total predicted energy needs. The PPA was inked following the inauguration of Sonnedix’s 150 MW Covatillas 1, 5, and 6 portfolio.
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Onyx Renewables has secured the closing of a $260 million credit facility. The credit facility will be used to support the growth of the company’s portfolio of distributed energy projects across US. The facility comprises a term loan, revolving line of credit, and a $10 million letter of credit facility that will directly support the ongoing construction and operation of Onyx Renewables’ clean energy infrastructure projects, including onsite solar PV and battery storage.
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