The Emerging Africa & Asia Infrastructure Fund (EAAIF) has signed a senior secured debt facility of up to $50 million with Ukko Renewable in Southeast Asia. The financing will support the development of an initial renewable energy pipeline exceeding 2 GW, forming part of a broader 3 GW-plus portfolio of wind, solar and hydropower projects across Vietnam, the Philippines and other Southeast Asian markets.
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Nadara has closed approximately €1.2 billion of refinancing for the pan-European platform. The financing covers the operational wind and solar photovoltaic portfolio with a combined installed capacity of 1.5 GW. The refinanced portfolio comprises 34 onshore wind farms and 13 solar PV plants and spans across Italy, the UK, France, Spain, Sweden, Norway and Finland.
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Brookfield has launched Lumara, a new renewable energy platform focused on accelerating the development and construction of renewable energy projects. The platform aims to address key market bottlenecks, including delays in power purchase agreement contracting, slow grid connection queues, and prolonged land acquisition timelines. Lumara will deploy approximately $600 million, anchored by an initial portfolio of more than 6 GW across solar, wind, and battery energy storage system projects.
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ContourGlobal has signed a long-term power purchase agreement (PPA) with Tesla for Project Sterling in Arizona. The project features a 450 MWac solar PV and 360 MW/1.4 GWh of four-hour duration battery energy storage system. The project is expected to generate more than 1.1 TWh of electricity annually. The agreement covers approximately 1 TWh of electricity annually, representing about 90 per cent of the project’s output.
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Masdar and Elektroprivreda Crne Gore (EPCG) have signed agreements to develop 150 MW of solar capacity and explore more than 400 MW of pumped hydro storage in Montenegro. The projects will be developed through a 50/50 joint venture (JV) established following the companies’ JV agreement signed in April 2026. The solar portfolio comprises the 115 MW Štedim project and the 35 MW Krupac project.
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Zelestra has signed a power purchase agreement (PPA) with Tesla for the Lumen Farm solar project. The project has an installed capacity of 140 MWac and is located in Texas. The project is expected to commence construction by 2027 with full operations expected by 2029. The agreement builds on the companies’ existing partnership for the 57 MWac solar PPA in Spain’s Castilla-La Mancha region in 2024.
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Vena Energy has achieved financial close for the 500 MWp Ixus Bugallon solar power project in Bugallon, Pangasinan, Philippines. The project secured approximately $310 million in senior debt financing from a syndicate of banks including BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.
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Ark Energy has reached a final investment decision (FID) for the $1.3 billion Richmond Valley solar farm & battery energy storage system (BESS) in New South Wales, Australia. The project will be supported by a financing package comprising $586 million in equity and $716 million in debt. The priority stage includes development of a 200 MWac solar farm and a 275 MW/2,200 MWh lithium-iron-phosphate BESS.
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Panamint Capital has commenced construction of 1.2 GWdc Big Rooter Power solar project. The project is located at the Twin Oaks power station in Robertson County, Texas. The project represents an investment of $1.7 billion. The 491 MWdc Big Rooter West phase is under construction and is expected to commence operations in August 2028, while the 658 MWdc Big Rooter East phase is expected to commence construction in December 2026 and come online in August 2029.
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Lightsource bp and Meta have signed a long-term power purchase agreement (PPA) for the Mowata Solar project. The project has an installed capacity of 172 MWdc (150 MWac) and is located in Acadia Parish, Louisiana. Project construction is expected to commence later in 2026. The agreement builds on an earlier PPA between the companies for the 134 MWdc Arche Solar project in Ohio which was signed in 2022.
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Elgin has signed three 15-year contracts for difference (CfDs) backed by power purchase agreements with Erova Energy Group. The agreements cover a 112.6 MW portfolio of solar projects in the UK. The portfolio includes the 61.9 MW Thorpe solar project, the 26.2 MW Aston Flamville solar project, and the 24.5 MW Maes Mawr solar project. Additionally, all the three projects secured CfDs in the UK’s Allocation Round 6 auction.
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Malaysia’s Ministry of Energy Transition and Water Transformation (PETRA) has announced the sixth round of its Large-Scale Solar (LSS6) programme, targeting 2.5 GW of solar capacity paired with 1.25 GW of battery energy storage systems (BESS). The tender will be implemented in three lots, with the first lot comprising 2.2 GW solar and 1.1 GW BESS package open to all developers.
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Yanara has secured a €150 million investment from Mirova to accelerate the development of its utility-scale renewable energy portfolio in Australia. The funding will support more than 2 GW of solar, wind and battery energy storage system (BESS) projects across Victoria, New South Wales and Western Australia. A significant share of this investment will be directed to the Yanara’s Mortlake Energy hub in Victoria.
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Avantus has signed a 20-year power purchase agreement (PPA) with Clean Power Alliance (CPA) for the Rexford 2 solar and battery energy storage system (BESS) project. The project is located in Tulare County, California. It will combine 200 MWac of solar generation with 200 MW/800 MWh of battery energy storage. Additionally, it will supply enough clean electricity to power around 84,000 homes.
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PureSky Energy has secured $183.7 million in investment-grade refinancing for its operating community solar portfolio in the US. The transaction combines eight debt portfolios into a single financing structure.The portfolio includes 211 MWdc of solar capacity and 58 MWh of battery energy storage system (BESS). The portfolio spans across 43 projects in Massachusetts, New York and Minnesota.
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Sol Systems has achieved financial close for its 123 MWac Peoria Solar Portfolio located in Illinois, US. The projects represent an investment of $355 million and are being financed through Sol Systems’ revolving construction warehouse facility. The projects will be developed across Knox, Tazewell and Peoria Counties. The projects are expected to become operational in 2027.
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The African Development Bank Group (AfDB) has approved a financing package for the first phase of the 500 MW Dandara solar project with a 100 MWh battery energy storage system (BESS). The project is located in Qena Governorate, Egypt. The $66 million financing comprises $46 million from the Bank’s ordinary resources and $20 million from the Climate Investment Funds’ Clean Technology Fund, with additional debt expected from development finance institutions.
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Meralco PowerGen Corporation (MGEN), together with its partners, has inaugurated Phase 1 of the MTerra Solar Project in Nueva Ecija, Philippines. Phase 1 of the project comprises 1,373 MW of solar photovoltaic (PV) capacity and 825 MW/3,300 MWh of battery energy storage system (BESS) capacity. Under Phase 1, more than 2,000 MWdc of solar panels have been installed, while all 741 battery units have been fully energized.
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TotalEnergies has completed the divestment of its 170 MW distributed solar portfolio, comprising mainly rooftop installations across seven European countries (France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg). The portfolio has been divested to Amarenco and AMPYR Distributed Energy. The divested assets will continue to be operated by Amarenco and AMPYR Distributed Energy.
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Avantus has secured approximately $525 million in financing for the Aratina 2 solar and battery energy storage (BESS) project located in Kern County, California. The project financing was provided by BBVA, CIBC, and Santander. The financing package includes construction funding, a tax equity bridge loan, and letters of credit. The project, currently under construction, will deliver 150 MWac of solar capacity and 452 MWh of BESS capacity by the end of 2026.
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