Excelsior Energy Capital has announced that the Faraday Solar project has reached operational readiness and commenced commercial operations. The project has an installed capacity of 685.3 MWdc and is located in Utah County, Utah. It has a 20-year power purchase agreement (PPA) with PacifiCorp. Meta will procure energy and environmental attributes from the project to provide clean energy to its operations in Utah.
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ENGIE has entered into a 15-year power purchase agreement (PPA) with Apple to expand its renewable energy operations in Italy. Under the agreement, ENGIE will develop two wind farms with a combined capacity of 74 MW, along with one 11 MW wind repowering project, and two agrivoltaic solar plants totalling 88 MW. All projects, located in southern Italy, have been authorised, and are scheduled to be operational between 2026 and 2027.
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Jakson Green and Blueleaf Energy have secured financial close for their 840 MWp solar projects in Rajasthan, India. These projects are 280 MWp and 560 MWp ground-mounted solar plants, which form part of the 1 GWp Rajasthan solar portfolio. Furthermore, the portfolio is jointly owned by Blueleaf Energy and Jakson Green through its parent company, Jakson Limited.
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Geronimo Power has commenced construction at the 150 MW Bee Hollow solar project in St. Clair County, Illinois. The project, situated within the Midcontinent Independent System Operator market, is expected to deliver economic benefits to the region through tax revenue, local employment, and spending. It will be developed by Geronimo Power, with the engineering, procurement, and construction undertaken by Burns & McDonnell.
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Emirates Water and Electricity Company (EWEC) has awarded the contract for the development of the 1.5 GWac Khazna solar project to ENGIE and Masdar. Following the contract, a power purchase agreement was signed between EWEC and the developers. Under the agreement, ENGIE and Masdar will design, finance, construct, and operate the plant near the Al Khazna area of Abu Dhabi.
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The Public Establishment for Transmission and Distribution of Electricity (PE-TDE) of Syria has signed a MoU with the Saudi companies Al-Harfi and Sakalko to develop solar and wind projects. These projects will have a cumulative capacity of up to 500 MW. Additionally, the PE-TDE signed a power purchase agreement (PPA) with the Syrian-Turkish company Syrian-Turkish Energy Company to procure 100 MW of solar power.
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TURN2X and Axpo Iberia have entered into a power purchase agreement (PPA) for the production of green e-methane in Spain. The agreement involves renewable electricity supplied by Axpo from projects developed by Aquila Clean Energy, which will be used in an electrolyser operated by TURN2X to produce renewable fuels of non-biological origin (RFNBO).
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Enlight Renewable Energy, through its US subsidiary Clēnera Holdings, has completed two tax equity partnership agreements for the Roadrunner solar and battery energy storage system (BESS) project in Tucson, Arizona. The solar component has been backed by J.P. Morgan with a tax equity contribution at commercial operation date (COD). The storage component received tax equity financing from M&T Bank and First Citizens Bank at COD.
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Nama Power and Water Procurement has signed a power purchase agreement with a consortium for the development of the Ibri III Solar Independent Power Project in Oman. The project comprises a 500 MW utility-scale solar plant, integrated with a 100 MWh battery energy storage system. The consortium that will develop the project includes Masdar, OQ Alternative Energy, Al Khadra Partners, and Korea Midland Power Co. Ltd.
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Capstone Infrastructure Corporation has announced the commissioning of 192 MW Wild Rose 2 Wind Farm located in Cypress County, Alberta. Capstone’s subsidiary Wild Rose 2 Wind Inc. constructed, owns, and operates the project. It is expected to offset about 250,000 tonnes of carbon emissions annually. Capstone signed a 15-year power purchase agreement (PPA) with Pembina Pipeline for 105 MW of renewable energy and attributes.
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Taean Wind Power, a joint venture between Vena Energy and Copenhagen Infrastructure Partners (CIP), has signed two power purchase agreements (PPAs) totalling 500 MW with Korea West Power and Gangneung Eco Power. The PPAs cover 300 MW with Korea West Power and 200 MW with Gangneung Eco Power. These contracts secure long-term offtake for electricity generated by the Taean offshore wind project.
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Georgia Power has received approval from the Georgia Public Service Commission (PSC) for five new utility-scale solar power purchase agreements (PPAs) under the Clean and Renewable Energy Subscription (CARES) 2023 programme. These projects, with a cumulative capacity of 1,068 MW, will be developed and operated by third-party companies selected through the CARES 2023 Request for Proposal.
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Q ENERGY has secured debt financing for “Taurus B,” a portfolio of seven solar photovoltaic projects, located across three provinces in northern and southwestern Spain with a cumulative capacity of 251.71 MW. The financing was arranged by Mitsubishi UFJ Financial Group and BNP Paribas. The company will act as the sole owner, as well as the engineering, procurement and construction (EPC) and operations and maintenance (O&M) contractor.
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Scatec has entered into a 15-year power purchase agreement (PPA) with BTG Pactual Comercializadora de Energía, a Colombian energy trading subsidiary of Banco BTG Pactual S.A. Brazil. The agreement will secure about 85 per cent of the output from a 130 MW solar project, while the rest of it will be traded in Colombia’s electricity market. The project will be Scatec’s first in Colombia. The total capital expenditure is estimated at $110 million.
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Masdar, along with GD Power and Korea Electric Power Corporation, has achieved financial close for the 2 GW Al Sadawi solar photovoltaic project in Saudi Arabia. The project has secured financing facilities with eight regional and international lenders, consisting of Standard Chartered Bank, KEXIM, ADCB, BNP Paribas, ADIB, Bank of China, HSBC, and Société Générale.
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Argentina’s electricity sector is undergoing significant reforms under the current administration, which took office in December 2023. The government has taken a series of measures to deregulate the sector and promote private investment. The latest structural reforms were brought about in July 2025 by Decree 450/2025. The aim is to foster competition, liberalise the electricity market, rationalise subsidies and ensure economic efficiency in the energy sector.
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Scatec ASA has reached financial close for its 142 MW solar PV plant currently under construction in Minas Gerais, Brazil. The non-recourse project financing includes $27 million from Banco de Nordeste do Brasil, covering 30 per cent of the total estimated capital expenditure of $91 million. The project is expected to achieve commercial operation in the first half of 2026.
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TotalEnergies ENEOS has successfully commissioned a 680 kWp rooftop solar photovoltaic (PV) project at a TechnipFMC facility in Malaysia. The newly installed system comprises over 1,100 solar modules and is expected to generate approximately 915 MWh of renewable electricity annually. This output will meet nearly 20 per cent of the facility’s total energy consumption.
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Iberdrola España and Mercadona have signed long-term power purchase agreements (PPAs) for over 300 MW of wind and solar energy projects in Spain. The renewable power from these projects will be supplied to Mercadona’s logistics centres and supermarkets. The companies aim to strengthen their collaboration through the long-term PPAs and to further support the electrification of their operations.
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European Energy has inked PPA with Amazon Australia to supply renewable electricity from solar parks in Australia. The agreement covers the Mokoan Solar Park and Winton North Solar Park in Victoria, as well as the Bullyard Solar Park in Queensland. The Mokoan Solar Park is already operational, while the Winton North Solar Park and Bullyard Solar Park are in the pre-construction procurement phase.
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