Atlas Renewable Energy (Atlas) and Colbún have inked a power purchase agreement (PPA) for a battery energy storage system (BESS) project located in the Antofagasta Region, Chile. The project will have an installed capacity of 230 MW and a storage capacity of 920 MWh per day. This is a 15 year PPA and allows Atlas to build the BESS project and Colbún to acquire the project’s energy supply.
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Elgin has entered into the Italian renewables market with the opening of its new office in Rome. It has also partnered with Rinascita Holding, under which the two companies are co-developing a 200 MW battery energy storage system (BESS) project in the Umbria region. The project will require an investment of approximately €200 million and will support grid stability and renewable energy integration in central Italy.
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Kona Energy has secured a capacity market contract approximately worth €40 million for the Smeaton project. This is a 228 MW/456 MWh battery energy storage system project (BESS) situated in East Lothian, Scotland. This was achieved after securing planning consent for the site. Furthermore, capacity market agreement was secured in the T-4 auction which is a government-backed mechanism ensuring electricity supply during peak demand.
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Copenhagen Infrastructure Partners (CIP) has entered into a partnership with GC Storage Services (GCSS) for a 2.3 GW pipeline of large-scale battery energy storage system (BESS) projects in Italy. This partnership was formed using CIP’s flagship fund CI V. Furthermore, these projects are located across Northern and Southern Italy, with the first project anticipated to be ready-to-build in 2025.The supportive regulatory policies of Italy allow CIP to deliver such projects in the country.
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Nofar USA (Nofar) and Qcells have inked an agreement for the development and construction of two battery energy storage system (BESS) projects. These two projects will have a combined capacity of 350 MW and a 2 hour duration. The projects are Bracero Pecan with a capacity of 230 MW/460 MWh situated in Reeves County and Fairway with a capacity of 120 MW/240 MWh in Freestone County. These projects are in the final stages of interconnection approvals.
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Zelestra and Abastible have inked a long-term power purchase agreement (PPA) for the sale of electricity from 100 per cent renewable sources. Under this agreement, the companies will utilise a tailor-made energy solution that consists of a 220 MWdc solar PV plant and a 1 GWh battery energy storage system. Furthermore, this hybrid plant is situated in Tarapacá, Chile, and has already commenced construction.
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Jupiter Power has secured $286 million in project financing to support the construction of two standalone battery energy storage systems (BESS). These projects are Tibbits in Michigan and Tidwell Prairie in Texas. The projects have a combined capacity of 300 MW/800 MWh and are expected to begin commercial operations later in 2025.
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Ark Energy has inked a supply contract with Hanwha Energy for its Richmond Valley Solar & BESS project in New South Wales. This contract focuses on manufacturing, delivery, and installation of a lithium iron phosphate battery with a 275 MW power capacity and an energy storage capacity of up to 2,200 MWh over eight hours. Furthermore, under this contract, Hanwha Energy will provide Ark Energy with a complete BESS solution, including batteries and inverters.
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Voltalia has inked a power sales agreement for its hybrid project in Uzbekistan. This hybrid project comprises 126 MW of solar energy, 300 MW of wind power, and 100 MW/200 MWh of battery storage. The agreement extends for 25 years for the wind and solar projects and for 15 years for the storage projects. Furthermore, the construction phase is set to begin in the first quarter of 2026 for solar and storage projects and in the third quarter of 2026 for wind power.
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Chile has been formulating policies and a legal framework to achieve its 2030 target of meeting 70 per cent of its energy consumption from renewable energy sources (RES) and the 2050 carbon neutrality goal. This is, however, contingent on identifying and relieving congested transmission networks, continued collaboration among all stakeholders and proactive investment. The timely and orderly implementation of the Energy Transition Law will help accelerate the expansion of the transmission system, unlock the country’s RES potential and ensure a sustanable energy future.
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SMT Energy has secured financing for a 160 MW/320 MWH battery energy storage system project (BESS) named SMT Houston IV in Houston. The project is expected to begin commercial operations in the second quarter of 2026. Macquarie Group and KeyBanc Capital Markets were key arrangers in a $100 million financing facility for the project.
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Eku Energy has secured a NSW long duration storage long-term energy service agreement from AEMO Services. The agreement is for a 100 MW/ 800 MWh Griffith battery energy storage system (BESS) in Yoogali, within the Griffith local government area (LGA) of New South Wales. The project will provide an eight-hour-duration storage capacity to store excess renewable energy and dispatch it during periods of high demand.
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Arevon Energy has completed financing for its 200 MW/ 400 MWh Peregrine energy storage project. Peregrine is a battery energy storage system (BESS) project located in the Barrio Logan community of San Diego, California. Arevon secured a $179 million debt package for the project, which will serve as a bridge to a preferred equity and tax credit transfer takeout. Furthermore, Santander acted as the administrative agent and coordinating lead arranger, along with CoBank and ACB, for the project.
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AMEA Power has inked an agreement with the Egyptian Electricity Transmission Company (EETC) to develop two standalone battery energy storage systems (BESS). These systems will have a combined capacity of 1500 MWh. As part of this agreement, AMEA Power will construct a 500 MWh station in Benban and a 1000 MWh station in Zafarana. Furthermore, this project also consists of substations and grid connections for efficient integration of stored energy into the national electricity network.
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Pacific Green has inked binding documents to sell 100 per cent of its shares in the Limestone Coast North Energy Park to Intera Renewables. This transaction is valued at $ 293 million. The Limestone Coast North Energy Park is a 250 MW/ 500 MWh battery energy storage system (BESS) project located at the Limestone Coast region of South Australia. Furthermore, as part of this transaction, Pacific Green will be retained to manage the project’s construction until it reaches commercial operations.
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Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, has commenced construction of the 240 MW/960 MWh Summerfield battery in Australia. This decision follows the financial investment decision made in September 2024. The project is situated in South Australia near existing transmission infrastructure. Furthermore, Summerfield has entered into a 10-year offtake agreement with Origin Energy.
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BrightNight and Cordelio Power have inked a power purchase agreement (PPA) with Arizona Public Service (APS). Under this agreement, APS will procure carbon-free energy from BrightNight and Cordelio’s clean energy center. This is a hybrid facility featuring 300 MW of solar capacity and 1,200 MWh of battery energy storage. The facility will deliver reliable, affordable, and clean electricity to APS customers, support the region’s growing energy needs, and enhance grid resilience.
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Encore Renewable Energy (backed by SUSI Partners) has secured a $389 million financing package from Brookfield through its infrastructure debt platform. This funding will accelerate Encore’s expansion as an independent power producer (IPP) by supporting the construction of community-scale solar and battery energy storage projects. Additionally, it will support in advancing the company’s development pipeline.
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Enfinity Global has expanded its battery energy storage systems (BESS) portfolio through two new projects in Texas. These projects have a total power capacity of 425 MW. Construction of these projects is expected to commence in the second and fourth quarters of 2025. These new additions will bring the company’s total BESS pipeline in US to 6.6 GW. Furthermore, these projects have a combined capacity of 850 MWh and a two-hour duration.
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Masdar has inked an implementation agreement and a MoU with the Philippines government to develop 1 GW of clean energy projects to strengthen its growing portfolio in Southeast Asia. These agreements have been inked with the Department of Energy and the Board of Investments of the Republic of the Philippines respectively. These agreements will cover the development of solar, wind, and battery energy storage systems which will have a combined capacity of up to 1 GW by 2030.
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