Cleantech Solar has entered into a second long-term agreement with Coats Group plc for a rooftop solar project in Indonesia. As per the agreement, Cleantech Solar will develop and operate a rooftop solar project at Coats Rejo Indonesia’s facility in Pasuruan, East Java. Once operational, the combined project will allow Coats to replace 17.3 per cent of its total electricity consumption with renewable energy.
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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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Zelestra has initiated construction of the 242 MWdc Babilonia solar project in Arequipa, Peru. It will involve the installation of approximately 394,000 bifacial solar modules. Commercial operations are scheduled to commence in the first half of 2027. The development has been secured under a long-term power purchase agreement with Celepsa.
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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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Scatec ASA has achieved financial close for the 130 MW Barzalosa solar project in Colombia and has commenced construction. The project has executed a 15-year power purchase agreement with BTG Pactual Comercializadora de Energía. Scatec ASA holds a 65 per cent equity stake in the project, with Norfund providing the remaining equity participation.
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The European Investment Bank (EIB) has committed approximately €34 million to support the construction and operation of three solar projects in southwestern Romania. The projects will have a combined capacity of 190 MW and are expected to generate enough electricity to supply more than 160,000 households. They will be located in the Olt and Dolj counties in the Oltenia region, near the Danube river and the Bulgarian border.
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SolarAfrica has achieved financial close of R 1.5 billion for the development of SunCentral 2, a 114 MW solar plant in the Northern Cape. The funding has been arranged through RMB and Investec Bank Limited. The project is scheduled to begin supplying power in 2026. SunCentral 2 follows SunCentral 1, which also has a capacity of 114 MW and reached financial close at the end of 2024.
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Greenwood Sustainable Infrastructure (GSI), the North American renewable energy subsidiary of Libra Group, has reached financial close on a construction-to-term facility and an investment tax credit bridge financing for its 100 MWac Turning Sun solar project. The financing totals more than $200 million and supports the development, construction, and long-term operation of the project.
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Atlas Renewable Energy has entered into a long-term power purchase agreement (PPA) with an unnamed Colombian energy trading company to support the development of the El Campano solar project in Colombia’s northern region. The solar plant is planned with an installed capacity of 128 MWp and is scheduled to begin operations by the end of 2027. It was awarded under Colombia’s 2024 Reliability Charge Auction.
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Masdar has entered into a power purchase agreement (PPA) for a 150 MW solar project in Angola. The agreement secures long-term electricity offtake for the Quipungo solar project, which is located in Huila province in southern Angola. The PPA was signed with the Rede Nacional de Transporte de Electricidade (RNT-EP), the state owned electricity-transmission company.
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EDP, S.A., through its subsidiary EDP Renováveis, S.A. (EDPR), has secured a 30-year power purchase agreement (PPA) with Consumers Energy Company for electricity generated from a 150 MWac, or 209 MWdc, solar project in Clark County, Illinois, US. Completion of the transaction remains subject to regulatory clearance from the Michigan Public Service Commission. The solar project is scheduled to commence operations in 2027.
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Israel’s Finance Ministry has announced that a new solar plant integrated with the battery energy storage system (BESS) will be developed at the Ashalim power station in southern Israel. The project is designed to deliver up to 80 MW of electricity to the national grid. It will include solar photovoltaic installations with a total capacity of 150 MW. Additionally, the project will incorporate a 400 MWh BESS.
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Competitive Power Ventures (CPV), through its affiliate CPV Renewable Power, has commenced commercial operations at the CPV Backbone Solar project in Garrett County, Maryland. The 160 MW solar project has been developed in partnership with Harrison Street Asset Management and is located on reclaimed land from a decommissioned coal mine. Additionally, the project secured its third round of tax equity financing with US Bank.
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The International Finance Corporation (IFC) has announced a partnership with AMEA Power and Kyuden International Corporation of Japan to develop a large-scale solar and battery energy storage system project in Egypt. The collaboration will support the construction of the Abydos II project through Abydos For Renewable Energy. The project will be located in Aswan Governorate in southern Egypt.
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AMEA Power has commissioned a 120 MWp solar project in the Kairouan Governorate of Tunisia. The project was financed with support from the International Finance Corporation, part of the World Bank Group, along with the African Development Bank. It is expected to produce about 222 GWh of electricity annually. Moreover, the project is estimated to reduce carbon emissions by around 117,000 tonnes annually.
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Shizen Energy has reached financial close for a 29.99 MWac utility-scale solar project in Gurun, Kedah, Malaysia under the Corporate Green Power programme. The project company, SM 01 Sdn. Bhd., has entered into a power purchase agreement (PPA) with Google The project is scheduled to commence commercial operations in 2027. The project will provide Google with energy attributes generated from the solar plant.
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INTEC Energy Solutions has secured an engineering, procurement, and construction (EPC) contract for the 288 MWp Shafag (Jabrayil) solar project in Azerbaijan. The contract has been awarded by Shafag (Jabrayil) Solar Limited and covers the complete EPC scope. Additionally, the agreement includes operation and maintenance services for the first two years of the project’s operations. The total contract value is $117 million.
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The Ministry of Mines and Energy of the Colombian government has announced the formation of Gecelca Solar as a new platform to support Colombia’s energy transition. The new entity will begin with an initial solar portfolio of 650 MW, anchored by a 200 MW solar project. The region has reportedly faced persistent challenges related to high electricity costs and limited energy access.
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Shell Energy Europe Limited, a subsidiary of Shell plc, has signed two power purchase agreements (PPAs) in Germany to secure renewable electricity for the REFHYNE 2 hydrogen electrolyser under construction at the Shell Energy and Chemicals Park Rheinland. Power from both projects will supply the 100 MW renewable-proton exchange membrane electrolyser when it begins operations in 2027.
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The consortium consisting of TotalEnergies, Toyota Tsusho, and Altaaqa Renewable Energy has commenced commercial operations of its 112 MW solar project located in Wadi Ad-Dawasir, Saudi Arabia. The facility was constructed by SEPCO, a subsidiary of Power China, and achieved commissioning in July 2025. The generated power is being delivered to the Saudi Power Procurement Company under a power purchase agreement.
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