Category: Solar Power

Suniva secures $835 million to expand US solar cell manufacturing

Suniva secures $835 million to expand US solar cell manufacturing

September 9, 2026 | , ,

Suniva has secured $835 million debt and equity financing to support the expansion of its US solar cell manufacturing capacity. The capital will fund Suniva’s second US solar cell manufacturing facility located in Laurens County, South Carolina. The new facility has a capacity of 4.5 GW and will expand Suniva’s total US-made solar cell capacity to 5.5 GW. The facility construction is underway, with completion expected by late 2027, followed by a full production ramp-up in 2028.

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Shell Energy Philippines and Greenlight Renewables sign solar power agreement 

Shell Energy Philippines and Greenlight Renewables sign solar power agreement 

September 8, 2026 | , ,

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 and Meta ink 125 MW solar PPA in US 

Headwater Energy and Meta ink 125 MW solar PPA in US 

September 7, 2026 | , ,

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 to acquire Cero Generation’s 5.8 GW European clean energy platform

Qualitas Energy to acquire Cero Generation’s 5.8 GW European clean energy platform

September 7, 2026 | , , ,

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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Phase 1 of MTerra Solar commences operations in Philippines

Phase 1 of MTerra Solar commences operations in Philippines

September 4, 2026 | , ,

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 and Arava Power begin construction of 347 MWdc solar project in Texas 

OCI Energy and Arava Power begin construction of 347 MWdc solar project in Texas 

September 3, 2026 | , ,

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 acquires Gabriela hybrid project in Chile

CVC DIF acquires Gabriela hybrid project in Chile

September 2, 2026 | , , ,

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 completes solar-plus-storage projects in Texas

Monarch completes solar-plus-storage projects in Texas

September 1, 2026 | , , ,

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 begins operations of solar with storage project in South Africa 

CrossBoundary begins operations of solar with storage project in South Africa 

September 1, 2026 | , , ,

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 launches PM-SSY Floating Solar scheme

India launches PM-SSY Floating Solar scheme

August 31, 2026 | , ,

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 launches first phase of 100 GWp solar programme

Indonesia launches first phase of 100 GWp solar programme

August 25, 2026 | , ,

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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Avantus secures $300 million for Aratina 2 project in California 

Avantus secures $300 million for Aratina 2 project in California 

August 24, 2026 | , , ,

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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Low Carbon secures consent for Beacon Fen energy park in UK

Low Carbon secures consent for Beacon Fen energy park in UK

August 21, 2026 | , , ,

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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SEC signs PPAs for solar and BESS projects with Saudi firm

SEC signs PPAs for solar and BESS projects with Saudi firm

August 20, 2026 | , , ,

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 secures licenses for 379 MW solar projects in South Korea 

Gurīn Energy secures licenses for 379 MW solar projects in South Korea 

August 19, 2026 | , ,

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 awards 2.1 GW solar projects

Germany awards 2.1 GW solar projects

August 18, 2026 | , ,

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 secures €229 million for hybrid project in Romania 

Econergy secures €229 million for hybrid project in Romania 

August 18, 2026 | , , ,

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 secures $857 million for US distributed solar projects

Dimension Energy secures $857 million for US distributed solar projects

August 17, 2026 | , ,

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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