Tag: solar energy

Quinbrook Infrastructure Partners commences commercial operations of Cleve Hill solar park in UK

Quinbrook Infrastructure Partners commences commercial operations of Cleve Hill solar park in UK

July 2, 2025 | , ,

Quinbrook Infrastructure Partners has achieved the completion of construction and commenced commercial operations of the solar asset at the Cleve Hill solar park. The project is now exporting 100 per cent of its 373 MWdc capacity. The project is located in Kent, UK. Furthermore, the Cleve Hill solar park was the first solar and battery storage project to be consented as a nationally significant infrastructure project.

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Global Landscape of Climate Finance: Report

Global Landscape of Climate Finance: Report

July 2, 2025 | ,

The report concludes that geopolitical shifts, trade tensions, and economic instability are testing international climate action in 2025. While these dynamics put pressure on public budgets, climate investment remains crucial to achieving long-term sustainability and well-being for global populations. The benefits of scaling up climate investments far outweigh the costs: cleaner air, resilience to a changing climate and rising energy prices, food security, and clean technology innovation present opportunities for prosperity and economic growth for all. 

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Zelestra secures $282 million financing package for the Aurora project in Chile

Zelestra secures $282 million financing package for the Aurora project in Chile

July 1, 2025 | ,

Zelestra, through a $282 million project financing package, has achieved financial close of the Aurora project in Chile. The financing package has been agreed with Natixis CIB and BNP Paribas, with a VAT facility granted by BCI. The project includes approximately 1 GWh of energy storage and a 220 MWdc solar plant. The project will produce approximately 600 GWh of renewable electricity per year.

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Invenergy and Meta expand partnership with new renewable energy agreements 

Invenergy and Meta expand partnership with new renewable energy agreements 

June 27, 2025 | , , ,

Invenergy and Meta have inked four agreements to supply an additional 791 MW of procured solar and wind energy. The agreements will deliver near-term energy to support Meta’s operations, data center growth, and clean energy goals. The agreements are contracted through four Invenergy developed facilities, which are the 300 MW Yellow Wood Solar Energy Center, 140 MW Pleasant Prairie Solar Energy Center, and 155 MW Decoy Solar Energy Center.

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Eurowind Energy invests €174.8 million to develop 220 MW solar park in Romania

Eurowind Energy invests €174.8 million to develop 220 MW solar park in Romania

June 27, 2025 | , ,

Eurowind Energy will develop a 220 MW solar park in Romania’s Vișina, Dâmbovița County. The total investment in the solar park amounts to €174.8 million. The park will comprise over 400,000 photovoltaic panels and will be developed on a 354-hectare site. Furthermore, the renewable energy generated from the project will be equivalent to the yearly consumption of approximately 150,000 households. 

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Global Status of Renewables: Report

Global Status of Renewables: Report

June 27, 2025 | ,

The report “Renewables 2025 Global Status Report” by REN21 highlights that in 2024, global renewable power capacity increased 18%, adding a record-breaking 741 GW. Solar PV was the primary driver, contributing 602 GW and accounting for 81% of the total capacity increase. Wind energy followed, adding 117 GW globally. Other renewable sources – whether for power, heat or transport fuels – accounted for only small additions to the global energy supply. China was the dominant contributor to new renewable power deployment, responsible for 60% of the global total. The Group of Seven (G7) nations accounted for just around 14%.

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Meta inks EAPAs with Adapture Renewables for 360 MW of solar power in Texas

Meta inks EAPAs with Adapture Renewables for 360 MW of solar power in Texas

June 26, 2025 | , ,

Adapture Renewables has executed two environmental attributes purchase agreements (EAPAs) with Meta. The agreements total 360 MW across two solar projects in Texas’s ERCOT region. The projects are expected to reach commercial operation in 2027. The agreements align with Meta’s sustainability goals and build on three previously executed agreements between the two companies in 2023.

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Enery and OMV Petrom join forces for 400 MW solar project in Bulgaria

Enery and OMV Petrom join forces for 400 MW solar project in Bulgaria

June 25, 2025 | , ,

Enery Development GmbH (Enery) and OMV Petrom S.A. (OMV Petrom) have formed a joint venture to build and operate the Gabare photovoltaic project. The project will have an installed capacity of 400 MW and is situated in northwest Bulgaria. The project is designed for the potential integration of a battery energy storage system of up to 600 MWh. The two companies plan to invest approximately €200 million in this venture by 2027.

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Imerys and Akuo ink PPA for renewable electricity supply in US

Imerys and Akuo ink PPA for renewable electricity supply in US

June 20, 2025 | ,

Imerys and Akuo have inked a power purchase agreement (PPA) for the supply of renewable electricity in US. The inked agreement will allow Akuo to construct a photovoltaic solar power plant. The solar plant will have an installed capacity of approximately 195 MW, including 57 MW dedicated to Imerys’ operations. The plant is located in Coke County, Texas, and is capable of producing 153 GWh of electricity per year.

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METLEN secures financial close for solar portfolio in Australia 

METLEN secures financial close for solar portfolio in Australia 

June 19, 2025 | , ,

Metlen Energy and Metals (METLEN) has reached financial close on a refinancing of all its operating and under-construction assets in Australia. Furthermore, the financial close was reached with lenders, namely Deutsche Bank, Intesa Sanpaolo (IMI CIB Division), and Westpac Banking Corporation. Once operational, the solar portfolio will produce renewable energy of almost 1 TWh annually.

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Dimension Energy secures $360 million for community solar portfolio in US

Dimension Energy secures $360 million for community solar portfolio in US

June 18, 2025 | , ,

Dimension Energy has secured a $360 million construction and term financing for a new 112 MWdc portfolio. The portfolio consists of 28 community solar projects in the states of New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania in US. First Citizens Bank acted as lead debt syndicator, along with ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica. Additionally, Advantage Capital provided $170 million in tax equity.

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ib vogt inaugurates 513.1 MWp solar projects in Spain

ib vogt inaugurates 513.1 MWp solar projects in Spain

June 17, 2025 | , ,

ib vogt has inaugurated the Segovia Cluster situated in the Segovia region of Spain. The Segovia Cluster consists of four utility-scale photovoltaic plants with a total capacity of 513.1 MWp. The plants are the Serbal solar plant with a capacity of 174 MWp, the Castaño solar plant with a capacity of 134 MWp, the Pato solar plant with a capacity of 110 MWp, and the Baobab solar plant with a capacity of 95.1 MWp.

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European Energy inks PPA with Amazon Australia for solar parks in Australia

European Energy inks PPA with Amazon Australia for solar parks in Australia

June 17, 2025 | , ,

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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Zelestra begins commercial operation of 300 MWdc solar project in Peru

Zelestra begins commercial operation of 300 MWdc solar project in Peru

June 13, 2025 | , ,

Zelestra has commenced commercial operations at the San Martín solar plant in Perú. The solar plant has a capacity of 300 MWdc and is led by Zelestra’s internal engineering, procurement, and construction (EPC) division. The solar plant comprises 450,000 modules and will generate over 830 GWh of clean energy annually. The solar project supplies clean energy to its customer, Kallpa Generación, through a long-term power purchase agreement.

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Lightsource bp secures financing for 115 MWp fishery solar project in Taiwan

Lightsource bp secures financing for 115 MWp fishery solar project in Taiwan

June 12, 2025 | , ,

Lightsource bp has secured approximately TWD 6 billion in financing for its fishery solar project. The project has a capacity of 115 MWp and is situated in Budai and Yizhu Townships within Chiayi County, Taiwan. Construction of the project is set to commence in June 20205. Furthermore, the company is cooperating with local developer GreenRock Energy for the development and fishery management for the project.

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Earthrise Energy secures $630 million for Gibson City solar project in Illinois

Earthrise Energy secures $630 million for Gibson City solar project in Illinois

June 12, 2025 | , ,

Earthrise Energy has secured close of a $630 million debt financing for the Gibson City Solar project. The project has a capacity of 270 MWac and is situated within Illinois’ MISO power market. The debt financing consists of a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. Marathon Capital acted as the financial advisor to Earthrise Energy on the overall transaction.

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Origis Energy secures financial close for the Wheatland solar project with MUFG

Origis Energy secures financial close for the Wheatland solar project with MUFG

June 11, 2025 | , ,

Origis Energy has secured the financial closing of the Wheatland solar project with MUFG. The portfolio financing package of over $530 million supports two projects of Origis Energy. The first is the Wheatland Solar project, which will provide 150 MWac of solar capacity. It is situated in Knox County, Indiana, and is slated for completion in the first half of 2026. Additionally, it is supported by a power purchase agreement (PPA) with CenterPoint Energy.

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Sonnedix inks 420 GWh PPA with Renfe in Spain

Sonnedix inks 420 GWh PPA with Renfe in Spain

June 10, 2025 | , ,

Sonnedix has inked a power purchase agreement (PPA) with Renfe for the purchase of 420 GWh of renewable energy per year to power its commercial operations. The solar installations used in this financial PPA will generate annual energy, which will be enough to power 112,000 homes. The PPA will meet a substantial amount of  Renfe’s total predicted energy needs. The PPA was inked following the inauguration of Sonnedix’s 150 MW Covatillas 1, 5, and 6 portfolio.

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Saatvik Solar to develop 4 GW module manufacturing facility in India

Saatvik Solar to develop 4 GW module manufacturing facility in India

June 9, 2025 | , ,

Saatvik Solar Industries Private Limited, a wholly owned subsidiary of Saatvik Green Energy Limited (SGEL), has commenced work to develop a 4 GW solar PV module manufacturing facility in Odisha, India. The facility will be set up on 57 acres of land sub-leased from Tata Steel Special Economic Zone Limited, located at the Gopalpur industrial park in Ganjam district. The cell manufacturing facility is scheduled to become operational by the end of financial year 2026-2027.

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Invenergy commences operations of 250 MW solar project in Ohio

Invenergy commences operations of 250 MW solar project in Ohio

June 5, 2025 | , ,

Invenergy has commenced operations of the Hardin III solar energy center. The project has a capacity of 250 MW and is situated in Hardin County, Ohio. WEC Energy Group is the majority owner of the solar facility. Additionally, Microsoft will purchase the electricity and renewable energy credits generated at the facility through a power purchase agreement. The solar facility is expected to generate $180 million of new investment in Hardin County.

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