Category: Solar Power

Morocco begins construction of 305 MW Noor Atlas solar project

Morocco has initiated construction of the Noor Atlas solar programme as part of its national energy strategy to expand renewable electricity generation and support regional development. The programme has a total installed capacity of 305 MW. Moroccan Agency for Sustainable Energy will manage the development, financing, construction, and operations of these projects. 

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EIB, Natixis CIB, and Sunprime finance solar-plus-storage portfolio in Italy

The European Investment Bank (EIB), Natixis Corporate & Investment Banking (Natixis CIB), and Sunprime Holdings S.r.l. have finalised a project finance agreement of up to €507 million to support Project Sophocles in Italy. The project involves the development and operation of nearly 200 solar plants with a combined capacity of 290 MWp, along with 350 MW of battery energy storage systems (BESS).

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rPlus Energies secures financing for Blacks Creek Energy Center in Idaho

rPlus Energies has secured financing commitments exceeding $650 million for the Blacks Creek Energy Center, a 400 MWac, or 520 MWdc solar project with 200 MW of storage located in Ada County, Idaho. The financing includes debt facilities and tax equity commitments to support the construction of the project. The debt financing facility is being led by Santander Corporate & Investment Banking and KeyBanc Capital Markets, Inc.

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Flow Power and Octopus ink offtake agreement for Blind Creek project in Australia 

Flow Power has entered into a foundational offtake agreement with Octopus Australia for the Blind Creek solar farm and battery energy storage system (BESS) project in Australia. The project is located in Bungendore, New South Wales, and comprises 300 MW of solar capacity with a BESS of 243 MW/486 MWh. It is being developed in collaboration with local landholders under an agri-solar framework.

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Lyra Energy secures financial close for 255 MW solar project in South Africa

Lyra Energy, a joint venture of Scatec in South Africa, has achieved financial close for the 255 MW Thakadu solar project and has commenced construction. The project will be implemented in two phases. Construction activities for the first phase have begun, while the second phase is scheduled to begin in the second half of 2026. The commercial operations date for the first phase is expected during the first half of 2027.

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Arevon commissions 430 MW Kelso solar project in Missouri

Arevon Energy, Inc. has commenced operations at the 430 MWdc Kelso solar project located in Scott county, Missouri. The company developed and constructed the project and will also own and operate it.  It represents an investment of more than $500 million. The project has been developed in two phases. It is expected to generate sufficient electricity to supply power to more than 62,000 homes annually.

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AFD finances solar project and transmission upgrade in Tanzania

The Government of Tanzania and Agence Française de Développement (AFD) have signed a financing agreement worth €130 million with Tanzania Electric Supply Company Limited (TANESCO). The soft loan will support the development of Tanzania’s first grid-connected solar project and upgrades to the national transmission network, transitioning towards a smart grid system.

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Zambian Ministry inks solar agreement for 118 MW solar project

Zambia’s Ministry of Energy has entered into an implementation agreement with Goldenray Energy Limited for the development of a 118 MWp solar project in Sinazongwe district in the Southern Province in Zambia. The proposed solar project is scheduled to begin supplying electricity by early 2027. The development is expected to support ongoing initiatives aimed at strengthening the country’s renewable energy portfolio.

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Nine units of Draco solar complex in Brazil begin operations 

Brazil’s Ministry of Mines and Energy has announced that nine plants at the Draco solar complex have commenced commercial operations. Located in Arinos, Minas Gerais, the project forms part of the New Growth Acceleration Programme (Novo PAC) of the Brazilian government. The complex represents an investment of over R$ 2.4 billion and is designed to supply electricity to more than 500,000 homes.

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Origis commissions Swift Air solar facilities in Texas

Origis Energy has announced the commissioning and commencement of operations of three Swift Air Solar plants in Texas. The projects were executed in three phases, with the final phase delivered in late 2025. The projects are located in Ector County and have a combined capacity of 500 MWdc. Origis undertook the planning, development, and construction of the solar plants.

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Lightsource bp sells Australian solar portfolio to Aula Energy

Lightsource bp has announced the sale of its Australian solar portfolio to Aula Energy. The transaction covers five operational solar projects with a combined capacity of 1,037 MWdc. The assets included in the portfolio are the Wellington, Wellington North, West Wyalong, Woolooga, and Wunghnu projects. The projects are located across New South Wales, Queensland, and Victoria.

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Enel to acquire 830 MW US renewable portfolio 

Enel S.p.A., through its subsidiaries Enel Green Power North America and EGPNA Project Holdco 2, has signed agreements with Excelsior Energy Capital to acquire a 830 MW renewable energy portfolio in US. The portfolio comprises wind and solar plants with an average annual output of 2.1 TWh. The transaction is expected to close in the third quarter of 2026, subject to certain conditions precedent, including regulatory approvals.

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Crédit Agricole finances 385 MWp solar portfolio in France

Crédit Agricole CIB and Crédit Agricole Transitions & Énergies, together with other group banks, have co-arranged a structured financing package worth approximately €400 million for GreenYellow. The funding will support the rollout of a large portfolio of solar projects across France. The financing will enable the development of more than 350 solar plants primarily on parking carports, with a combined installed capacity of around 385 MWp. 

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Hecate sells 2 GW US solar-plus-storage project to Savion

Hecate Energy Group has completed the sale of its up to 2,000 MW Cereza solar and storage project to Savion. The project is located at the US Department of Energy’s Hanford Site in southeastern Washington and was originally secured by Hecate in 2024. Under the agreement, Savion will take the lead on project development, with continued support from Hecate.

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Egypt approves 2.72 GW solar and 2 GWh BESS projects 

The Egyptian Cabinet approved the implementation of four renewable energy projects by Kemet Industries Group, the executive arm of United Egypt Group for National Industries The approved portfolio comprises two solar plants in Bahariya Oasis with capacities of 320 MW and 400 MW. It also includes a 2,000 MWh standalone battery energy storage system in Nagaa Hammadi and a 2,000 MW solar plant in the same location.

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Equinix inks solar VPPA for its Japanese data centers

Equinix has entered into a 15-year virtual power purchase agreement (VPPA) with ENEOS Renewable Energy Corporation to source renewable electricity from the Sanda Mega solar power plant in Japan.  The project is located in Hyogo Prefecture, with the agreement covering 121 MW of solar capacity. The solar project is expected to support the company’s target of powering its data centres in Japan with 100 per cent renewable energy. 

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Lydian secures financing for solar and battery storage projects in US

Lydian Energy has secured $689 million in financing for two solar projects, AC Ranch 1 and Yellow Viking, along with the Faraday battery energy storage system (BESS) project. The financing package is backed by CIBC and MUFG. It includes a construction-to-term loan, tax credit bridge loan, co-investment bridge loan, and a letter of credit facility.  The projects are part of Lydian’s portfolio backed by Excelsior Energy Capital.

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Lyra Energy inks PPAs for 255 MW solar project in South Africa

Lyra Energy has signed power purchase agreements (PPAs) with three unnamed commercial and industrial customers for a significant share of the power generated from the Thakadu solar project in South Africa. The 255 MW project will be developed in two phases, with financial close and construction of the first phase expected in the first quarter of 2026. The second phase of the project is scheduled within 2026 as well

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