Deriva Energy has completed $127 million debt financing for a portfolio of currently operational energy assets. The portfolio received senior secured notes from Principal Asset Management and MetLife Investment Management. The portfolio comprises the Ledyard Wind and Pisgah Ridge Solar projects, both owned and operated by Deriva Energy. The projects began commercial operations in 2022.
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Reliance Power Limited has inked a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL). GDL is owned by Druk Holding and Investments Limited (DHI), which is the investment arm of the Royal Government of Bhutan. The project has an estimated capital outlay of up to Rs 20 billion under the build-own-operate model.
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Ignitis Renewables has secured a joint loan of €77.5 million from Swedbank Lithuania and Swedbank Latvia. The loan will be utilised to complete the development of Stelpe and Vārme solar farms in Latvia. The banks provided the joint loan in equal amounts. The company is currently developing the 94 MW Vārme solar farm in Kuldīga municipality and the 145 MW Stelpe solar farm in Bauska municipality.
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Grenergy has inked a long-term power purchase agreement (PPA) with a global energy company in Chile. The agreement stipulates the sale of 390 GWh of solar energy annually through a daytime PPA. This PPA will come into effect in October 2026. The solar energy will be generated by projects being developed by Grenergy in central Chile. Furthermore, out of the total 390 GWh, 110 GWh of solar energy per year will be provided over a 15-year period.
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United Solar Polysilicon has formed a partnership with OQ Alternative Energy for the joint development of a 700 MW photovoltaic (PV) power station. The project, once operational, will contribute to Oman’s national renewable energy goals. The partnership highlights the shared commitment of both companies to advancing sustainable energy solutions. United Solar Polysilicon is a producer of high-purity polysilicon for the solar industry.
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Interconnected minigrids (IMGs) are a transformative solution for improving power availability and reliability, expanding energy access, and strengthening distribution networks across Africa. By fostering collaboration between developers and utilities through a win-win-win business model, IMGs bridge the last-mile electricity gap and integrate renewable energy generation at the distribution level. In Nigeria, the first four operational IMGs have added 3 MW of solar photovoltaic (PV) capacity and 3 MWh of battery storage, have retrofitted and expanded the existing distribution network, and now serve approximately 6,300 connections in urban and peri-urban areas.
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clearvise AG has announced its investment in the 16.75 MWp Triticum agri-PV project, located in Oberndorf am Lech in Bavaria, Germany. Construction of the plant is scheduled to commence in 2025, with commissioning targeted for early 2026. Once operational, the plant is expected to generate enough electricity to meet the annual consumption needs of approximately 6,400 households. The project has already secured 20-year feed-in tariff.
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Masdar and Samruk-Kazyna, Kazakhstan’s sovereign wealth fund inked agreement to explore the development of a 24/7 project that will provide up to 500 MW of baseload renewable energy and BESS projects with up to 2 GW capacity. Additionally, a ratification of the agreement was also signed between the governments of UAE and Kazakhstan to develop 1 GW wind project.
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A 120 MWp floating solar photovoltaic power project, developed by Ciel & Terre Solar Private Limited in collaboration with L&T and SJVN Green Energy Limited, has been commissioned at Omkareshwar in Madhya Pradesh, India. The floating solar project will supply power to the Rewa Ultra Mega Solar Limited.
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TCL Solar and Grid Africa have entered into a partnership to deploy distributed renewable energy solutions in Zimbabwe and Zambia. The collaboration aims to tap into emerging solar photovoltaic and battery storage technologies to strengthen regional energy security and drive economic growth. TCL Solar has committed to support the deployment of 100 MW of distributed solar and storage capacity across the two countries.
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Zelestra has reached financial close for a 237 MWdc solar photovoltaic portfolio in Spain comprising six projects that form the Belinchón and Brazatortas clusters. The projects are supported by a contracted revenue framework with 21 power purchase agreements in place. A senior debt package of €146.6 million in green financing has been secured to fund the construction phase.
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Cross-border electricity trade (CBET) is emerging as a key driver of regional energy integration in South Asia. It is fuelled by low per capita electricity consumption, power shortages, poor access to electricity and uneven distribution of energy resources. By leveraging seasonal and resource complementarities across countries, CBET enables optimal utilisation of generation capacity, avoids power wastage and curtailment, and enhances energy security. At a time when global energy security concerns are rising and the clean energy transition is accelerating, CBET presents an opportunity to enhance renewable energy integration, improve grid stability and reduce dependence on imported fossil fuels.
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BluPine Energy Private Limited has secured the financial closure for a Rs 3.76 billion green loan from Standard Chartered. This funding has been secured for its 100 MW solar power project located in Gujarat, India. The project is being developed by its wholly owned subsidiary, Solarcraft Power India 5 Private Limited, under the GUVNL 22 tender.
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Aypa Power has secured $535 million in debt financing to support the development of its Vidal hybrid renewable energy project, located in San Bernardino County, California. The project comprises a 160 MW solar photovoltaic facility co-located with a 160 MW/640 MWh battery energy storage system (BESS). The project is scheduled to become operational in 2026.
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This report “Powering up: Business perspectives on shifting to renewable electricity” by E3G summarises that business executives issue a ringing endorsement (97%) for a rapid shift to renewables-based electricity, sending a powerful message to governments to quickly phase out fossil fuels from the grid. As the driving force of the global economy, the world’s corporations exert a strong influence on the pace at which fossil fuels are phased out and renewables are adopted. For companies to fully swing behind renewable electricity, however, governments need to move quickly to remove barriers to the transition.
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Octopus Energy Generation, the renewables investment arm of Octopus Energy Group, has acquired Hamburg-based green energy developer MN projects GmbH, adding a 2 GW pipeline of solar and battery storage projects in Germany to its portfolio. MN projects is currently developing over 70 renewable energy sites across the country, with the first projects ready for construction and more expected to reach that stage over the coming months and years.
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Cypress Creek Renewables has announced the financial closure and commencement of construction for its 104 MW Ostrea Solar project, located in Yakima County, Washington. The project’s construction began in February 2025 and is slated to achieve commercial operation by mid-2026. PCL Construction’s solar division (PCL Solar) served as the EPC contractor
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DESRI, in partnership with Ranger Power has announced the financial closure and start of construction for the Heartwood and White Tail solar projects in Michigan. The Heartwood Solar facility has a capacity of 150 MWac and is located in Hillsdale County. White Tail Solar project has a capacity of 140 MWac and is situated in Washtenaw County.
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SgurrEnergy has secured the contract to develop Sri Lanka’s first 100 MW solar photovoltaic project with a 12 MWh battery energy storage system (BESS). It will be implemented in multiple phases, covering technical design, hydrological assessment, procurement support, and engineering services.
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Macquarie Asset Management, through its managed funds, has acquired an additional 50 per cent stake in Island Green Power. This brings its total ownership in the business to 100 per cent. As per the transaction, the founders will retain full ownership of the company’s international operations, while the UK entity will shift its strategy from being a pure-play developer to an independent power producer (IPP), with a focus on building and operating renewable energy assets.
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