Energy storage
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CPS Energy has signed storage capacity agreements with Eolian for 2 Texas battery storage projects totalling 350MW/1,400MWh.
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EDF Renewables North America has closed on the initial phase of the sale of 50% of its Desert Quartzite solar-plus-storage project in Riverside, California.
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Invenergy and Lafayette Square-owned joint venture, Reactivate, has hired Corey Stein as executive vice president of finance.
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Renewables developer Arevon Energy will look to start financing its Avocet Energy Storage Project in Q1 2025 after securing permitting and signing an interconnection agreement, PFR has learned.
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CleanCapital and Arena Renewables have partnered to develop a portfolio of community and C&I solar projects in grid-critical areas in Illinois, Maryland, and other parts of the US.
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Santiago-based renewables developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
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Madison Gas & Electric (MGE) is acquiring 176MW solar and battery energy storage system (BESS) capacity for an estimated $351 million, PFR has learned.
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Houston-based Alpha Omega Power, the utility-scale battery storage developer, owner, and operator, has hired Luke Shillington as chief development officer.
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esVolta has hired Justin Johns, formerly the chief financial officer of Shell's SouthCoast Wind Energy offshore wind joint venture, as senior vice president and CFO.
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California-based Natron Energy plans to develop a $1.4 billion utility-scale battery manufacturing plant in North Carolina.
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Renewable energy company Ormat Technologies has signed a pair of 7-year tolling agreements with Equilibrium Energy for its battery energy storage (BESS) facilities in Texas.
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Tucson Electric Power (TEP) is planning a 200MW battery energy storage system in southeast Tucson, Arizona.
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Renewable operator and developer Deriva Energy has hired John Clapp, the former chief financial officer of Scout Clean Energy, as its chief executive.
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Enlight Renewable Energy subsidiary Clenera has closed its sale-leaseback agreement for the 300MW Atrisco battery energy project with the City of Rio Rancho, New Mexico, PFR has learned.
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Atlas Renewable Energy has closed a $289 million financing for the company’s BESS del Desierto project in Chile, marking the company's first financing for standalone batteries in Chile.
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Swiss fund manager SUSI Partners has made an investment into a portfolio of battery storage projects, expanding the firm’s partnership with Chilean developer BIWO Renovables.
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Spanish renewables developer Grenergy reached financial close in July 2024 for the first 2 phases of its Oasis de Atacama solar-plus-storage project in Chile, the largest storage project in the world according to the company.
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AES Indiana plans to invest $1.1 billion in repowering energy projects throughout the state by 2026, including replacing 2 coal-fired units at the Petersburg Generating Station.
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Ørsted has partnered with renewable developer Mission Clean Energy to develop 4 standalone battery storage projects, totalling 1GW, across the midwestern US.
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Manulife Investment Management has invested $250 million into Hunt Energy Network to develop and operate dispatchable power resources in ERCOT.
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Argentine renewables developer Eoliasur is planning a $607 million battery energy storage system (BESS) in Chile.
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Aypa Power has closed a $323 million financing led by ING Capital for its 150MW/600MWh Kuna energy storage project outside of Boise, Idaho.
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The Department of Energy (DOE) has chosen Hecate Energy to develop a 1GW solar farm on the site of the Manhattan Nuclear Project in Washington State.
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Great Bay Renewables (GBR) has closed its $30 million royalty investment in Nokomis Energy, a distributed generation developer in the Midwest.
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Enlight Renewable Energy’s subsidiary Clenera Holdings has closed a $400 million financing facility for the energy storage portion of its New Mexico-based Atrisco Complex, a 364MW solar and 1.2GWh storage project.
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Excelsior Energy Capital has signed a multiyear agreement to purchase 2.2GWh of US-manufactured battery cells from Fluence Energy.
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esVolta has secured $258 million in financing led by MUFG for its 980MWh BESS portfolio in Texas.
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Global Infrastructure Partners (GIP) portfolio company Eolian has closed a $390 million financing facility for a portfolio of renewable energy assets across the US.
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EDF Renewables North America is selling 50% of its Desert Quartzite solar-plus-storage project to Power Corporation of Canada subsidiary Power Sustainable, PFR has learned.
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Great Bay Renewables has provided Nova Clean Energy with an additional $40 million loan to advance its 6.5GW of wind, solar, and battery projects across North America.
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Spanish oil company Repsol is in early conversations to acquire the remaining 60% of US renewables developer Hecate Energy.
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Ormat Technologies has executed a 15-year Resource Adequacy Purchase and Sale Agreement (RA Agreement) with the city of Riverside, California, to provide 80MW/320MWh of battery storage through it Shirk BESS project.
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Blackstone-owned energy storage business Aypa Power has closed its $650 million pre-notice to proceed development facility.
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Power transition and infrastructure-focused real assets investment firm, Elda River Capital Management, has joined battery storage developer Spearmint Energy’s $200 million credit facility.
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Renewables developer Sphera Energy is planning to develop a pair of standalone battery energy storage projects in Chile.
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Clearway Energy Group has closed on more than $700 million in construction financing for solar and standalone battery projects in California, PFR has learned.
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Generac Power Systems has been awarded a grant of up to $200 million from the US Department of Energy for residential solar and battery storage systems in Puerto Rico.
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Utility-scale energy storage developer GridStor has closed its acquisition of the Galveston, Texas-based Evelyn Battery Energy Storage project from Balanced Rock Power, PFR has learned.
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The US Department of Energy’s Loan Programs Office (LPO) has agreed to a loan guarantee of up to $861.3 million to finance solar and storage projects in Puerto Rico.
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New York City-based battery storage developer NineDot Energy has inked an additional $25 million revolving credit facility from NY Green Bank.
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Intersect Power has closed 2 project financings totalling $837 million for 3 standalone battery energy storage systems (BESS) in Texas.
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Peak Energy, a US-based energy storage company, has secured $55 million to launch production of its sodium-ion battery technology.
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Italy-based Redelfi and Elio Energy Group, a North American utility-scale renewable developer, have launched a joint venture to develop 2.4GW of battery storage projects in the US.
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Copec and Transelec have signed an agreement to partner on the implementation of a battery energy storage system in Chile.
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For more than 7 months the government of Alberta paused the approval of new renewable energy projects causing a multi-gigawatt logjam with upwards of $25 billion of investment sat idle.
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Leeward Renewable Energy has closed a $1.25 billion construction warehouse facility to develop a 1GW portfolio of wind, solar and battery storage projects.
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Strata Clean Energy has inked a 20-year tolling agreement with Arizona Public Service (APS) for the Justice Energy Storage project in Phoenix, Arizona.
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Della Xu has joined battery energy storage system (BESS) developer, owner and operator GridStor as its senior manager of M&A.
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Onyx Renewable Partners has upsized its 3-year revolving credit facility, led by Investec, to $100 million to support its portfolio of solar projects across the US.
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The Department of Energy has provided ENTEK Lithium Separators with a $1.2 billion conditional commitment loan for its EV battery factory in Terra Haute, Indiana.
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Chile’s Ministry of National Assets has awarded public lands to 6 battery energy storage system projects totalling more than 11GWh of capacity.
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Ontario-based renewables developer Compass Greenfield Development has closed a CA$49.5 million ($36.29 million) non-recourse project financing for battery storage projects from Selkirk Advisory Group.
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Korean EV battery manufacturer SK On has signed a joint development agreement (JDA) with Sakuu, a Silicon Valley-based utility-scale battery provider.
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Ameresco is to build a battery energy storage system (BESS) with a 20-year guaranteed capacity of 25MW and 100MWh for the Snohomish County Public Utility District.
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The Department of Energy will offer up to $100 million to fund pilot-scale long-duration energy storage (LDES) projects using non-lithium technologies.
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Battery storage development company Lightshift Energy will transfer a 50% interest in a 3MW Massachusetts energy storage system to Greenbacker Capital Management (GCM), PFR has learned.
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The Governor of Rhode Island, Daniel McKee, has signed an energy storage act into law, as the state aims to develop 600MW of utility-scale energy storage by 2033.
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Gore Street Capital will transfer ownership of its 400MWh California-sited BESS site to Imperial Irrigation District (IID).
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Salt River Project (SRP) has issued a request for proposals for long duration energy storage with a capacity of 5MW to 50MW and a duration of 10 hours in Arizona.
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Mitsubishi Heavy Industries and Export Development Canada are some of the latest investors in a $31 million Series A2 financing for energy storage company e-Zinc.
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Sumitomo Corporation of Americas has completed a tax equity investment in a portfolio of solar and battery storage projects owned by Pacifico Power.
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Belltown Power has put an 850MW battery energy storage (BESS) portfolio in Texas up for sale.
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Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.
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Jupiter Power's partnership with local power provider Consumers Energy is to acquire 100MW of battery energy storage in Coldwater, Michigan.
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Philadelphia-based Doral Renewables has secured a $400 million minority equity investment from Netherlands pension APG, a subsidiary of ABP.
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Recurrent Energy has secured $513 million in project financing for its 1,200MWh Papago Storage project located in Maricopa County, Arizona.
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Hecate Grid, a joint venture between an InfraRed Capital Partners managed fund and Hecate Energy, has closed a 4-year $125 million Letter of Credit with MUFG.
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Blackstone-owned energy storage business Aypa Power is set to close a $650 million pre-Notice to Proceed development facility, PFR has learned.
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American Electric Power (AEP) has begun seeking Federal Energy Regulatory Commission (FERC) approval on its $315 million sale of distributed energy business AEP OnSite Partners to funds managed by Basalt Infrastructure Partners (BIP).
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Plus Power has closed a $133 million financing led by First Citizens Bank and NordLB for its 150MW/300MWh Cranberry Point Energy Storage project in Massachusetts.
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EDP Renewables North America has secured the rights to sell energy, capacity and ancillary services from its Edgeware BESS battery storage facility in Ontario.
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Chilean developer Orion Power is planning to develop a standalone battery energy storage system (BESS) in the region of Atacama.
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DTE Energy is planning to convert a portion of its retired Trenton Channel coal power plant in Michigan to a 220MW/800MWh battery energy storage system.
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Redeux Energy Partners is to sell a 450MWdc solar portfolio to Pine Gate Renewables.
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Solaris Energy has appointed Nick Perugini as chief executive while current CEO, Alex Blackmer, will become president.
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Entergy and NextEra Energy Resources have partnered to develop up to 4.5GW of solar and storage projects over the next 5 years.
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Lotus Infrastructure Partner has closed its acquisition of PNE USA, with the developer rebranded as Allium Renewable Energy.
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Black Mountain Energy Storage has put up a late stage 1070MW/2140MWh battery energy storage system (BESS) portfolio up for sale.
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Leeward Renewable Energy (LRE) has signed a 15-year resource adequacy agreement with Pacific Gas & Electric Company for its 112.5MW Sierra Pinta Energy Storage Project in Arizona.
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BlackRock has closed its $500 million preferred equity investment in Canadian Solar subsidiary, Recurrent Energy, which represents a 20% stake in the solar and energy storage developer.
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Chilean utility Colbún is planning a $1.4 billion energy storage asset in the region of Antofagasta.
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The Minnesota Public Utilities Commission (MPUC) has approved Otter Tail Power's long-term electric generation and investment plan after the utility agreed to exit the Coyote Station coal plant by 2031.
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DLL, the Rabobank-owned asset finance company for equipment and technology, has partnered with Sunstone Credit to provide a loan platform for solar and battery storage assets.
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The New Mexico Public Regulation Commission (NMPRC) has approved PNM Resource's application to integrate 410MW of new solar and energy storage by 2026.
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Distributed solar and battery development growth platform Apricus Generation has agreed to acquire a controlling interest in Toronto-based Nexus Renewables.
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US energy storage solutions provider Torus has been contracted to provide Gardner Group with nearly 26MWh of energy storage capacity across part of the group’s commercial real estate assets.
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ArcLight Capital Partners and battery storage developer Elevate Renewables are set to develop a 15MW/60MWh distributed generation-sized battery storage project in Staten Island, New York.
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Quidnet Energy has formed a 300MW Texas energy storage project partnership with Hunt Energy Network (HEN).
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Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a standalone battery energy storage system (BESS) project in Chile.
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Conduit Power and Riley Exploration Permian are expanding their joint venture, RPC Power, to develop power generation and storage assets for ERCOT, the Texas grid operator.
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Energy storage company Peak Energy will see its co-founder Liam O'Connor take on the chief operating officer (COO) role.
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QCells' residential solar financing platform EnFin has completed its first asset-backed securities (ABS) transaction totaling $252.86 million.
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Innergex Renewable Energy has started commercial operations of its San Andrés battery energy storage project in Chile.
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Advantage Capital has hired Steven Lichtin as chief executive and managing director of Advantage Capital Renewables.
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Global renewables business RWE Clean Energy has acquired a 599MW portfolio from Galehead Development.
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Origis Energy has secured a $300 million corporate financing facility from KKR to support solar and storage development.
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Battery storage provider Powin has hired Kirk Fleischhauer as its chief operating officer.
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The US has raised tariffs on a host of imported goods from China, including solar panels, batteries and EVs.
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Clenera has entered into a sale-leaseback agreement for its 300MW Aristco battery energy project with the City of Rio Rancho, New Mexico, PFR has learned.
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Ontario Independent Electricity System Operator (IESO) has awarded offtake contracts to 13 battery storage, natural gas, and biogas projects, totalling 2.19GW — the capacity needed to power Toronto.
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Carey International Group (CIG) has hired Christopher Kane as its chief investment officer as the company grows its US renewables and real estate portfolio.
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Former Ørsted executives have merged their independent development companies, Cold Water Renewables and Greenbelt Renewable Energy, to create a utility-scale wind, solar, and storage company.
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Renewable developers EDF Renewables Development, Naturgy, Candela, and Longroad Energy are seeking regulatory approval for more than 3GW of solar in Nevada’s Esmeralda County.
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Eaton has partnered with Endurant Energy to develop 10 battery storage projects in New York City, totalling 150MWh and an estimated $7 million investment.
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Santiago-based renewable developer Biwo Renovables is adding a duo of standalone battery energy storage system (BESS) projects to its development pipeline in Chile.
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Brookfield portfolio company Scout Clean Energy has closed a $100 million equipment supply loan with Rabobank for its pipeline 2.2GW of late stage of wind, solar, and energy storage projects.
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Lightshift Energy is set to build up to 50MW of battery storage projects for the Massachusetts Municipal Wholesale Electric Company (MMWEC) grid in a first-of-its-kind program.
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Plus Power has closed a $82 million tax equity investment with Morgan Stanley for its 90MW/360MWh Superstition Energy Storage project in Arizona.
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Pine Gate Renewables has closed a $650 million investment round led by Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA.
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Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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Santiago-based Plus Energia SpA is planning to develop a $350 million battery energy storage system project in Chile.
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Agilitas Energy has closed $100 million in debt financing from Nomura to grow its 250MW portfolio of solar and energy projects in the northeast US.
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Central Coast Community Energy (3CE), a California community choice aggregator, has issued a request for proposals (RFP) for clean energy and storage power purchase agreements (PPAs).
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The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
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US-based firm Bernhard has entered a 30-year energy-as-a-service (EaaS) partnership with Hackensack Meridian Health (HMH), resulting in a $134 million solar energy and battery storage system.
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Minority stake sales in renewables platforms are becoming more common as sellers look to “recycle capital’, according to Ammad Faisal, senior managing director, Marathon Capital.
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Infinigen Renewables is partnering with FlexGen on a battery storage project in the Yabucoa municipality in Puerto Rico.
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The technology venture arm of US-based oil & gas producer Chevron has launched a third fund with $500 million in capital.
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Arevon Energy has inked a long-term tolling agreement with electricity provider MCE for its 250MW Cormorant Energy Storage Project in Daly City, California.
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Battery storage developer Spearmint Energy has hired four senior executives to its project finance, capital markets, regulatory affairs, and commercial operations teams.
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Origis Energy has closed a $136 million construction financing facility and a conversion-to-term loan from MUFG for its 75MW Rice Creek Solar project in Florida.
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Lightshift Energy, a utility-scale energy storage developer, has hired Robert Greskowiak as chief commercial officer.
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SolaREIT has closed $13 million in real estate financings for several NineDot Energy battery energy storage (BESS) projects in New York City.
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Santiago-based renewable developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
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Arevon Energy has appointed the former co-president of Starwood Infrastructure Finance as its chief investment officer, based in New York.
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Vinci Group has acquired a minority stake in NatPower SA, a renewable energy developer which operates in Italy, the UK, and the US, in a deal valued at €50 million ($53m).
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Engie Chile, a subsidiary of the French electric utility Engie, will install a standalone battery energy storage system (BESS) to replace the disconnected coal-fired and fuel oil-based units at the Tocopilla thermal power plant complex (CTT) in Antofagasta.
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Renewable energy infrastructure fund manager Excelsior Energy Capital has launched Lydian Energy, an independent power producer (IPP) specialising in the development, construction, and operation of utility-scale solar and battery energy storage projects in North America.
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Utility-scale energy storage developer esVolta has secured a $185 million senior secured credit facility from a consortium of banks led by Nomura Securities International.
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Grid-scale battery company Energy Vault has selected Michael Beer as its chief financial officer.
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Canadian Solar subsidiary Recurrent Energy has secured a €110 million ($120m) multi-currency facility from a consortium of banks led by Investec to support its solar and storage project pipeline in Canada, the US, and abroad.
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Mitsubishi Power Americas-owned battery business Prevalon Energy has agreed to develop a 328MWh battery energy storage system (BESS) signed to a long-term service agreement with Idaho Power.
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Solar and storage developer MN8 has closed a private placement at $325 million from Mercuria Energy Group and Ridgewood Infrastructure to grow its US pipeline of solar, storage, and electric vehicle (EV) charging projects.
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Utility-scale battery storage developer Lightshift has received $100 million in investments from 2 of Greenbacker Capital Management's sustainability and infrastructure-focused investment vehicles.
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Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.
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Clean power developer Leeward Renewable Energy (LRE) has appointed Nate Graham as chief technology officer.
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Atlas Renewable Energy signs a power purchase agreement (PPA) for a battery energy storage system (BESS) the company operates in Chile.
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Santiago-based renewable developer Biwo Renovables is planning a standalone battery energy storage system (BESS) project in Chile.
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UAE state-owned developer Masdar is set to acquire a 50% stake in US-based independent renewable energy power producer Terra-Gen Power from Energy Capital Partners (ECP).
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Renewables developer Arevon Energy has entered into a 15-year energy storage service agreement with local utility San Diego Community Power (SDPC) for its Avocet Energy Storage Project.
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Fiera Infrastructure Private Debt has joined Nomura Securities in a $200 million financing for Spanish developer Greenalia's 3GW wind and solar project pipeline in the US.
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Longroad Energy has closed a debt facility with a consortium of banks led by CIBC and a tax equity loan from Athene Annuity and Life Insurance Company for its 444MW/855MWh Serrano solar project in Arizona. PFR understands the value of the financing to be $650 million.
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Microgrid and microturbine manufacturer Capstone Green Energy Holdings has hired Vince Canino as its president and chief executive.
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Renewable real estate investment fund SolaREIT has hired 3 senior vice presidents to its corporate and business development teams amid company expansion.
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EnCap Energy Transition Fund (ETF) has launched Bildmore, a platform company that invests in minority tax equity stakes in solar, battery storage, and energy transmission projects.
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Renewables developer NextEra Resources is selling its Dunns Bridge II Solar and Storage project to a joint venture managed by utility the North Indiana Public Service Company (NIPSCO) and an unnamed tax equity investor, PFR has learned.
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Spanish energy giant Repsol has closed on its acquisition of US renewable development company ConnectGen for $768 million.
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The former co-founder and chief financial officer of OKRA Finance has been appointed as the head of transactions and finance at renewable energy tax credit marketplace Reunion.
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Utility-scale battery developer GridStor has acquired a 450MW/900MWh battery energy storage system (BESS) project in Galveston, Texas, from Balanced Rock Power.
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Utility-scale solar and energy storage development company Redeux Energy Partners is seeking investors to buy a minority stake as a corporate-level equity capital raise, PFR has learned.
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Battery developer GridStor has closed a tax credit transfer sale with JP Morgan for its 60MW/160MWh Goleta Project, which consists of 44 battery energy storage systems in Santa Barbara, California.
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Elda River Capital Management, a real assets-focused investment firm, has spun off from private equity fund Magnetar Capital with $1.5 billion in assets under its management.
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Renewable real estate investment fund SolaREIT has secured an additional $30 million in revolving credit from Atlantic Union Bank.
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The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
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EDF Renewables North America has inked a 20-year power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA) to receive 125MW of EDF's 300MW Bonanza solar and storage project in Nevada.
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Mitsubishi Power Americas' battery energy storage systems (BESS) division has been spun into a standalone business — Prevalon Energy.
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Arevon Energy has secured more than $1 billion in financing commitments for its Eland 2 solar-plus-storage project in Kern County, California.
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Strata Clean Energy has secured $559 million for its 255MW/1,020MWh Scatter Wash energy storage project in Arizona.
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EnerSmart is to sell a pair of 3MW battery energy storage system (BESS) facilities sited in Chula Vista, California to renewables investment firm Kendall Sustainable Infrastructure (KSI), PFR has found.
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Battery manufacturer Ascend Elements has raised $162 million in equity investments from Just Climate, Clearvision Ventures, and IRONGREY.
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A subsidiary of the Spain-based renewables developer Greenalia has closed $200 million in 3-year credit facilities to support its US solar and wind project pipeline.
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Sustainable infrastructure company Generate Capital is to sell a 13.45% stake in Pine Gate Renewables to the Healthcare of Ontario Pension Plan Trust Fund (HOOPP), PFR has found.
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Plus Power has closed $98 million in tax equity investment from Greenprint Capital Management for its 200MW/400MWh Ebony Energy Storage facility in Comal County, Texas.
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Blackstone is looking for buyers for a stake in its portfolio company Aypa Power. PFR understands Blackstone is looking to sell a minority stake and is in talks with multiple potential buyers.
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The US Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) will deploy an additional $100 million to aid industrial carbon dioxide removal.
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Diversified clean energy company, CleanCapital, and investment-grade battery energy storage systems developer, Available Power, have entered a joint venture to build a pipeline of US-based distributed energy storage projects.
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Independent power producer (IPP) Urban Grid has hired Eivind Osterhus as chief financial officer and Erica Engle as chief commercial officer.
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Arevon Energy, the renewable energy developer, owner, and operator, has reached financial close for the 200MW/800MWh Condor Energy Storage Project.
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Foss & Company has penned a $118.5 million tax equity investment in the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX.
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold a portfolio of nearly 400MW storage projects to UBS Asset Management.
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Developer and grid-scale energy storage operator Jupiter Power has hired former Invenergy executive Jesse Campbell as its chief financial officer (CFO).
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold nearly 400MWs of storage projects to UBS Asset Management.
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Battery-focused renewable energy company Spearmint Energy has closed a $47.5 million project finance term loan from global financial services provider Manulife.
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Portland General Electric (PGE) has called for bids on clean dispatchable capacity via an all-source request for proposal (RFP).
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Renewables company BrightNight has made 2 senior-level appointments to its asset management and construction teams.
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Independent power producer and asset manager Greenbacker has continued to add to its leadership team with appointment of Christopher Smith as chief financial officer and Carl Weatherley-White as head of capital markets.
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Nuveen has teamed up with Aiga Capital Partners on its $200 million term loan to battery energy storage system (BESS) developer Spearmint Energy.
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Tokyo Gas subsidiary Tokyo Gas America has closed on its $216 million acquisition of the Longbow battery energy storage (BESS) project from Clean Capital Partners.
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Utility-scale developer RedWind Renewables has sold 2 250MW solar PV and BESS projects to global renewable energy business Greenvolt Power.
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Renewables developer Swift Current Energy has upsized its $225 million revolving credit facility to $312.5 million to fund its US project pipeline.
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Commercial energy developer Green Lantern Solar has named Dave Carpenter as vice president of development.
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Spanish renewable developer Grenergy has signed a hybrid power purchase agreement (PPA) for its Oasis storage project in Chile.
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Solar real estate investment fund SolaREIT has launched a battery energy storage systems (BESS) lending platform, to be led by recently hired senior vice president of business development, Nicole Wolf.
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RWE Clean Energy has promoted Andrew Flanagan, the company's former chief development officer, to chief executive.
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Apex Clean Energy and Korean energy company SK Gas and its green energy development business SK D&D are partnering up to own US-based energy storage facilities.
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Macquarie-backed Galehead Development has hired Dru Steubing, the former vice president of development at Apex Energy, as chief development officer.
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Independent power producer (IPP) Pathway Power has entered a $25 million growth capital partnership with Tokyo-based independent renewables business Renova.
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Battery storage developer Key Capture Energy and impact investment firm Enhanced Capital have closed an investment tax credits (ITC) transfer agreement with a third party.
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Green data center developer Digital Power Optimization (DPO) has closed a power purchase agreement (PPA) with an unnamed multinational renewables developer with over 150MW wind farms in Texas.
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Xcel Energy has commenced construction on its two initial phases of the 460MW Sherco Solar project, with an additional 250MW co-sited solar array is pending permit approval, as it replaces a coal-fired plant in Minnesota.
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Battery storage IPP On.Energy has inked $40 million in construction and debt facilities with Live Oak Bank for its 80MW ERCOT portfolio.
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Energy storage business Convergent Energy and Power has appointed Donald Jenkins as its new chief operating officer (COO).
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The energy finance team at First Citizens Bank and Jupiter Power have closed $65.2 million in financing for the energy storage developer's 200MW/400MWh battery energy storage system in Houston, Texas.
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Greenbacker has closed a $92 million financing agreement with BMO Financial Group to construct its largest standalone BESS project — 120MWh Holtville BESS — and various community solar developments.
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Grant County, Washington’s Public Utility District No. 2 (Grant PUD) has begun an all-source request for proposals (RFP) to fulfill its supply need of 300MW of firm capacity and energy.
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US technology giant META has entered into a 20-year power purchase agreement (PPA) with Ørsted’s 300MW Eleven Mile Solar Center in Pinal County, Arizona.
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Battery storage developer Key Capture Energy (KCE) has hired former EDP Renewables executive Brian Hayes the company’s chief executive, effective January 8, 2024.
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EV charger manufacturing company DG Matrix has finalized a multi-year partnership with sodium-ion battery producer Natron Energy to accelerate the deployment of charging infrastructure.
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Swiss asset manager SUSI Partners is expanding its partnership with developer SMT energy by doubling its Texas battery energy storage (BESS) portfolio to 200MW from 100MW, adding 10 new projects.
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BW Solar has sold two battery energy storage (BESS) projects with a combined capacity of 525MW to renewable energy storage company Spearmint Energy.
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US-based lithium-ion battery developer and energy storage systems manufacturer KORE Power (KORE), has named industry veteran Michael Canada as its chief operating officer.
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Utility-scale energy storage developer Malta has closed a funding round with investors from Siemens Energy Ventures and Alfa Laval, as well as existing shareholders, to grow its long-duration solar production and development.
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AES Andes has secured environmental approval to move forward with its project to repurpose a coal-fired facility for energy storage in Chile.
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German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.
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Ameresco is to build a 50MW/200MWh battery energy storage system (BESS) for CAISO utility Silicon Valley Power (SVP) in Santa Clara, California.
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Copenhagen Infrastructure Partners (CIP) has launched a platform for the development and realization of renewable projects in Canada, Horizon New Energy, as part of the firm's expansion into the Canadian market.
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Spanish developer Grenergy is planning to invest €2.6 billion ($2.8 billion) until 2026 into renewables, particularly storage, across Latin America, the US and Europe.
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International construction, mining and industrial heavy equipment manufacturer Komatsu has agreed to acquire US-based lithium-ion battery developer American Battery Solutions (ABS).
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GE Vernova and Michigan-based energy storage company Our Next Energy (ONE) have signed an agreement to collaborate on US-based solar and storage projects.
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Spanish developer Grenergy has signed the company’s first 'non-solar-hours' power purchase agreement (PPA) to supply the Chilean company EMOAC.
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Gridmatic has reached the second closing of its first energy storage fund, increasing committed capital to a total of $50 million.
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The Department of Energy (DOE) has ringfenced $3.5 billion from the Bipartisan Infrastructure Law to boost domestic production of advanced batteries and battery materials.
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Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.
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Chilean utility Colbún is partnering with UK cleantech firm RheEnergise to develop an energy storage facility.
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Argentina’s Secretariat of Energy is seeking expressions of interest to develop energy storage system projects in the country.
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Sunnova Energy International is expanding its virtual power plant (VPP) platform to Puerto Rico, as well as installing more rooftop solar and batteries, after receiving funding from the Department of Energy (DOE)'s DOE Grid Deployment Office.
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Durham, North Carolina-based Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to develop its 17GW pipeline of solar and storage projects.
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Blackstone portfolio company Aypa Power has finalized a $350 million financing facility and $200 million tax equity financing for its Borden and Cald Projects, a 150MW/300MWh battery energy storage facility (BESS) in Texas and a 100Mw/400MWh BESS in California, respectively.
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Canadian Solar’s battery storage unit, e-Storage has been awarded a supply and integration (S&I) contract for 1GWhdc of energy storage solutions with Arizona-based companies DEPCOM Power and Tuscon Electric Power (TEP).
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Battery storage system manufacturer CMBlu Energy has secured $106.7 million in financing from STRABAG, the Austrian construction and infrastructure technology group.
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Duke Energy has closed the sale of its unregulated utility-scale commercial renewables business to energy giant Brookfield Renewable, rebranding the sold company as Deriva Energy.
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The energy finance group at First Citizens Bank has closed a $60 million financing for Gore Street Energy Storage Fund, a UK-based fund investing in utility and scaled projects, a 200MW/400MWh battery storage project in Imperial County, California. The project, Big Rock, is Gore Energy's first development in California.
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Spearmint Energy has reached financial close on a $92 million tax equity investment for its 150MW battery energy storage system (BESS), Revolution, from climate-focused investment firm Greenprint Capital Management.
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Plus Power has completed a $1.8 billion financing for its standalone battery storage pipeline to help stabilize the grid alongside new wind and solar projects. Using data-driven metrics, the BESS developer is investing the funds into five battery projects near metropolitan areas in the Southwest.
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Urban battery storage developer NineDot Energy has inked an energy credit subscription agreement with coffee giant Starbucks.
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Investment firm Northleaf Capital Partners has acquired a controlling stake in EVPassport, an electric vehicle (EV) charging platform.
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Origis Energy has started construction on the first of three projects in Mississippi with a total capacity of 550MW plus 150MW of battery storage.
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Battery storage developer Spearmint Energy has hired Yelena Kuznetsova as the director of sustainability and ESG.
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Battery energy storage systems (BESS) M&A activity in the US continues to steadily increase as nationwide transmission upgrades and interconnectivity queues grow – with deals for the relatively new technology now in the billions of dollars.
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Independent power producer Silicon Ranch and its partners – a community-focused renewable energy company and Sulphur Springs Valley Electric Cooperative (SSVEC) – have brought online the McNeal solar-plus-storage project.
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LG Energy Solution, an EV battery manufacturer, and Toyota North America have signed a long-term battery supply agreement. LG Energy will supply Toyota with 20GWh of NCMA batteries per year for Toyota to power its battery electric vehicles (BEVs).
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SolaREIT, a battery storage and solar real estate investment fund, has hired Nicole Wolf as senior vice president of business development. The hire supports the company's expansion of its battery storage real estate financing projects.
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Greenprint Capital Management and AB CarVal have finalized their joint venture (JV) to grow Greenprint's tax equity pipeline and renewable energy tax credit warehouse using funds managed by AB CarVal.
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Renewable energy developers shined a light on the untapped potential of the Western Electricity Coordinating Council (WECC) market during REFF Wall Street 2023, with one speaker calling it a “forgotten market”.
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Inverter and energy storage supplier Sungrow has signed a contract with investment fund WEG-4 to supply a liquid cooled energy storage system (ESS) solution.
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Texan municipally-owned electric and natural gas utility CPS Energy has launched a request for proposal (RFP) seeking up to 500MW of energy storage systems.
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South Korean trading company Samsung C&T has signed a deal to sell 15 solar PV and energy storage systems (ESS) to North American developer Sunraycer.
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Battery cell manufacturer KORE Power has inked a multi-year supply agreement with energy storage and power conversion company Nidec North America.
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Enel North America has brought five battery energy storage systems (BESS) totaling 369MW / 555MWh online in Texas. The utility-scale BESS projects have been connected to the ERCOT power grid and will increase stability during the hot summer months.
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Foss & Company has launched a standalone battery storage investment division, which highlights the company's increasing focus on battery energy storage systems (BESS) projects.
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Tara Young, former deputy general counsel at Plus Power, has joined Spearmint Energy as its general counsel, effective immediately.
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IKEA’s financial arm, Ingka Investments, has joined Apex Clean Energy in developing Cameron Storage, the company’s first-ever battery storage project.
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Solar real estate investment fund SolaREIT has closed a $100 million investment with AB CarVal to grow SolaREIT's solar land, lease, and loan financing solutions. The investment can increase to $250 million in additional capital.
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The Department of Energy (DOE)'s Loan Programs Office has given a $398.6 million conditional loan to Eos Energy Enterprises, a battery storage manufacturer. The funding will support Eos Energy's Turtle Creek, Pennsylvania, grid-scale BESS manufacturing facility, which is expected to produce over 8GWh of storage capacity per year.
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French multinational utility company Engie has agreed to acquire the entire battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I and co-investors Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds.
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Bess Power Corporation has secured $15 million in project debt financing from Leyline Renewable Capital to funds its 2.4GW utility-scale stand-alone storage pipeline.
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Swedish battery manufacturer Northvolt has raised a $1.2 billion convertible note to finance its expansions plans in Europe and North America.
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Rondo Energy has raised $60 million in financing to grow its international operations by developing and building storage projects globally to decarbonize the industrial sector.
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Greenbacker Renewable Energy Company (Greenbacker) has closed on a warehouse financing facility in an initial aggregate principal amount of $75 million to support the construction and operation of its renewable power generation and energy storage portfolios.
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Duke Energy subsidiaries Duke Energy Carolinas and Duke Energy Progress have filed an Integrated Resources Plan (IRP) with the Public Service Commission of South Carolina (PSCSC) for future project development.
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Recurrent Energy, a subsidiary of Canadian Solar, has secured a 20-year tolling agreement with utility Arizona Public Service Company (APS) for a 1.2GWh storage project.
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Renewables platform Origis Energy has closed a $750 million construction warehouse facility to fund 2GW of large scale solar, storage, and solar-plus-storage project construction over the next three years.
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International battery developer Powin Energy has hired Jeff Waters, former chief executive of Maxeon Solar Technologies, as CEO, replacing Geoffrey Brown.
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SUSI Partners, through its SUSI Energy Transition Fund with its joint venture partner SMT Energy, has signed a tax equity financing agreement with Greenprint Capital for a co-owned 100MW battery energy storage portfolio sited in Texas.
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AI-enabled power marketer Gridmatic has launched its first energy storage fund to oversee the management of up to 500MW of battery capacity in the ERCOT and CAISO markets.
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AES Andes has reached commercial operation of Andes Solar IIb, the largest solar battery storage project in Latin America.
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Flux Power, an energy storage developer, has secured a $15 million credit facility from Gibraltar Business Capital (GBC) to fund working capital needs and refinance an existing facility with Silicon Valley Bank (SVB).
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The Department of Energy has granted $453.5 million to finance solar generation and battery storage in Puerto Rico.
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Texas-based Vistra has completed its 350MW/1.4GW Phase III of the Moss Landing Energy Storage facility, now totaling 750MW/3GWh, in Monterey County, California.
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Peregrine Energy Solutions, a Boulder, Colorado-based BESS developer and renewable energy platform, has signed a Memorandum of Understanding (MoU) with Six Nations of the Grand River Development Corporation (SNGRDC) to create utility-scale battery storage projects in the Canadian market.
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GridStor, Portland, Oregon-based a battery storage system developer and operator, has appointed Frank Burkhartsmeyer as the company's chief financial officer.
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Utility-scale battery storage platform Broad Reach Power has closed a $435 million credit facility to fund the construction of seven stand-alone energy storage projects in Texas and California.
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Clearway Energy Group has closed a $421 million financing for its 147MW/588MWh Rosamond Central BESS project in Kern County, California.
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Battery storage specialist Spearmint Energy has begun commissioning activities at its Revolution project, a 300MWh battery energy storage facility.
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Summit Ridge Energy has completed its first 2 of 4 energy storage systems (ESS) in New York City.
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Corre Energy B.V.'s North America subsidiary has entered an agreement to acquire a 280MW and 4.2GWh energy storage project in West Texas from Contour Energy, a Texas-based battery and storage developer.
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Urban battery storage developer, NineDot Energy, has closed a $25 million revolving credit facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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Jupiter Power, an energy storage infrastructure platform, has secured $70.4 million in a construction and term loan from First Citizens Bank's energy finance group. The loans will fund two standalone battery storage projects, totaling 160MW and 320MWh, in Texas.
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Xcel Energy has received approval from state regulators to construct a multi-day energy storage system at the site of a retiring coal plant.
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EVLO Energy Storage, the battery energy storage systems developer subsidiary of Hydro-Québec, has launched its first utility-scale storage project in the US.
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Ameresco has signed a partnership to install a multiple site 78.3MW, 313.34 MWh battery storage system for United Power, an electric cooperative serving Colorado’s northern Front Range.
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San Diego Gas & Electric (SDG&E) has completed two additional utility-owned energy storage facilities totaling 171MW.
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Ameresco is set to build four co-located energy storage projects, to be sited at gas power plants owned by Middle River Power (MRP), an independent power company wholly owned by Avenue Capital.
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The Lund Storage Project, owned by BESS Power Corporation, has commenced a Full interconnect Study (FIS) as it gears up to connect to Electric Reliability Council of Texas Inc (ERCOT) and Lower Colorado River Authority (LCRA).
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Leeward Renewable Energy (LRE) has signed a 15-year power purchase agreement with Southern California Edison for its 126MW Antelope Valley BESS facility located in Kern County, California.
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Recurrent Energy, a development company owned by Canadian Solar, has secured a €150 million multicurrency facility with Santander Corporate & Investment Banking.
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Great Bay Renewables, owned by Altius Renewable Royalties Corporation and Apollo Global Management, has invested $45 million with Hexagon Energy for future royalties related to Hexagon’s 43 project solar, solar-plus-battery storage, and standalone storage development projects – which totals 5.3GWac and spans 12 states.
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Strata Clean Energy has closed on tax equity investments to fund two standalone battery energy storage systems.
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Greenbacker Capital Management, a renewables asset manager, has purchased a to-be-constructed 30MW / 120MWh energy storage system from SunCode Energy.
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Jupiter Power has signed an energy storage tolling agreement for its 100MWh Crossett I storage asset in West Texas, which began operations in 2022.
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German utility RWE has connected its first utility-scale battery storage project (BESS) to the California grid.
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Idemitsu Renewables, a renewable energy developer, signed a long-term power purchase agreement (PPA) with Sonoma Clean Power Authority, the not-for-profit, community-based electricity provider for Sonoma and Mendocino counties in California.
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On.Energy, the Miami-headquartered battery storage firm, has raised $20 million in equity financing in a Series B round led by Philadelphia-based investment firm Ultra Capital. New York-based private equity firm Phalanx Investment Partners also participated in the round.
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During Chile’s annual Cuenta Publica presidential speech held in Congress on June 1, Gabriel Boric announced that the government was working on a bill to tender 5.4GW of large-scale energy storage systems set to become operational in 2026.
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North American renewables and storage developer Nexus Renewables announced the closing of multiple financings totaling $40 million.
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Investment fund managers Fiera Infrastructure and Palisade Infrastructure have completed the acquisition of a renewable energy generation and battery storage business from Amp Energy.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has closed a $200 million credit facility with Aiga Capital Partners for the development of battery storage assets in Texas.
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KORE Power, battery storage and EV solutions company, was awarded a conditional commitment loan of $850 million by the Department of Energy's Loan Programs Office (LPO) for an advanced battery cell manufacturing facility in Buckeye, Arizona.
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Renewable developer Ameresco has entered a joint venture with Atura Power to develop a 250MW and 1GWh battery storage system in Ontario, Canada.
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Middle-market solar and storage investment fund CleanCapital landed a $500 million commitment from Manulife Investment Management, the firm’s largest raise to date.
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Crow Holdings, a Texas-based real estate investment and development firm, is launching a renewable energy business, Crow Holdings Renewables.
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Solar and storage company Strata Clean Energy has entered a 20-year tolling agreement with Arizona Public Service (APS).
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Sunraycer Renewables - previously Crayhill Renewables - has appointed former Constellation Energy executive David Lillefloren as chief executive.
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Northeastern energy giant Agilitas Energy has entered a strategic development partnership with full-service energy provider Oak Square Partners.
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Bitech Technologies Corporation has received $300 million in financing from Nam Viet Green Energy JSC (Nam Viet Energy) for selected solar and battery energy storage system (BESS) projects.
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Linxon has signed an exclusivity agreement with Available Power for the 100MW / 200MWh Greenport Battery Energy Storage System (BESS) project in Austin, Texas.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has added two senior hires to its growing development team.
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Portland General Electric Company has procured 400MW/AC of battery storage projects to be delivered by Eolian.
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Despite advancements in battery storage posing a long-term risk to natural gas – as the long-term growth of renewable power erodes market share for the fossil fuel – the conventional power generation method still has a large part to play in energy transition.
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BorgWarner is planning to invest $42 million into the expansion of its Seneca, South Carolina production facility for the advancement of its battery module and pack production in the US.
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Innergex Renewable Energy has secured a $49.5 million loan to s;upport the construction of the San Andrés battery energy storage project in Chile.
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Greenwood Sustainable Infrastructure (GSI), a subsidiary of Libra Group, has acquired the solar and battery development portfolios of Saturn Power.
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Duke Energy has started commercial operation of North Carolina's largest battery system, an 11MW project in Onslow County.
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South Korea's LG Energy said it would invest about KRW7.2 trillion ($5.5 billion) in a battery-manufacturing complex in Arizona.
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Spearmint Energy has acquired Nomadic, a 900MW portfolio of battery energy storage solutions (BESS) assets in Texas.
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Battery energy storage developer GridStor has appointed Jason Burwen VP of policy and strategy.
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Battery energy storage systems developer Available Power has partnered with Linxon on a front-of-meter energy storage project pipeline in Texas's ERCOT market.
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Blackstone-backed energy storage and hybrid operator Aypa Power announced today that it has acquired the Yadkins standalone battery energy storage project from East Point Energy.
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Blackstone-backed Aypa Power has agreed to a deal for Canadian Solar Inc (CSI) to provide 487MWh of energy storage products to its projects.
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Gore Street Energy Storage Fund will acquire Big Rock, a 200MW/400MWh energy storage project in Imperial County, California.
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Eolian, a subsidiary of Global Infrastructure Partners (GIP), has successfully closed a tax equity investment in two standalone battery storage projects in Mission, Texas.
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ArcLight Capital Partners has committed $150 million to a battery energy storage developer which the company founded last year.
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Integrated clean energy platform Peregrine Energy Solutions will develop two mid-stage energy storage assets in the Electric Reliability Council of Texas (ERCOT) market.
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US solar and battery storage developer Hecate Energy is looking for buyers for a 3GW standalone battery storage and solar portfolio, PFR has learned.
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Aypa Power – a portfolio company of Blackstone – has completed the closing of a $320 million senior secured sustainability revolving credit facility.
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Longroad Energy has started work on Sun Streams 3, a 285MWdc PV and 215 MWac/860 MWh storage project located in Maricopa County, Arizona.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has added Peter Rood as chief development officer to its growing team.
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Tigo Energy has signed a definitive agreement with L1 Energy to acquire $50 million of newly issued convertible notes.
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US-based hedge fund Hedonova has invested $16 million into a Chilean energy storage plant.
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US-based solar and energy storage developer Origis Energy has awarded a contract to Mitsubishi Power Americas for the delivery of 3 utility-scale battery energy storage system (BESS) projects totaling 150MW.
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EQT is set to acquire Madison Energy Investments (MEI) from infrastructure and real assets fund manager Stonepeak Partners.
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A subsidiary of JERA Corporation has agreed with EV fleets and battery storage specialist Zenobe Americas to jointly develop battery storage projects in 2 north eastern US power markets.
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NineDot Energy – a developer of community-scale clean energy projects – has closed an $85 million construction-to-term debt facility.
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North Carolina's Electric Cooperatives and FlexGen Power Systems have completed the battery energy storage project located at Randolph Electric Membership Corporation's Five Points substation.
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Spearmint Energy, the battery energy storage specialist founded in May (2022), has added four more to its growing team.
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National Grid Renewables has started commercial operations at its Noble Solar and Storage Project in Denton County, Texas.
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Greenbacker Renewable Energy Company has completed the closing of a new $150 million senior secured sustainability revolving credit facility.
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Caliche Development Partners II has received $268 million in capital commitments from Orion Infrastructure Capital and GCM Grosvenor (OIC), targeting underground storage and sequestration assets in North America.
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Revolve Renewable Power Corp plans to advance its Vernal BESS project to the next stage of the study process in early 2023 based on analysis of the results for the first phase of a 2022 Cluster 2 study.
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CSI Energy Storage – a part of Canadian Solar’s majority-owned subsidiary CSI Solar Co – has been selected to provide up to 2.6 GWh of battery solutions for the build-out of energy storage projects managed by UBS Asset Management's Real Estate & Private Markets business in North America.
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Private equity behemoth Blackstone is preparing a $325 million credit facility for portfolio company Aypa Power.
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Battery Energy Storage System (BESS) provider On.Energy has added 39MWh of on-site storage at 11 airports across Latin America, in collaboration with Skysense.
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Westbridge Renewable Energy's subsidiary Georgetown Solar has been given the go-ahead for its flagship Georgetown Solar + Energy Storage Project by the Alberta Utilities Commission (AUC).
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GridStor, the developer, owner and operator of battery energy storage systems, has acquired a portfolio of storage projects currently in development in the greater Los Angeles area from Upstream Energy of San Diego.
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Engie North America has acquired a 6GW portfolio of solar and battery storage projects in the US.
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Renewable energy developer rPlus Energies has signed a long-term PPA with PacifiCorp for a 400MWac solar PV project integrated with a 200MW battery energy storage system (BEES) in Emery County, Utah.
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Dominion Energy Virginia has acquired a utility-scale battery project from energy storage developer East Point Energy, a wholly-owned subsidiary of Equinor.
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AES Andes is planning to repurpose one of its coal-fired power plants in Chile to develop renewable energy.
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Dominion Energy has filed a proposal with the Virginia State Corporation Commission for nearly 2 dozen new solar and energy storage projects.
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Swedish developer Eolus has agreed to sell a solar and battery storage project in Arizona.
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Quinbrook Infrastructure Partners-backed Primergy Solar has closed the sale of a minority stake in a 690MW/1,416MWh solar-plus-storage facility in Nevada, after beginning marketing a stake in the project earlier this year.
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Leyline Renewable Capital announced an early-stage growth capital investment for Navitas Energy to develop 500MW to 1GW of standalone storage in the ERCOT market within the next 5 years.
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Puerto Rico has kicked off the second tranche of a 6-tranche renewable energy procurement tender process.
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Rev Renewables, a subsidiary of LS Power, has closed on the refinancing of a portfolio of battery storage projects in California totaling 615 MW.
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EDF Renewables has agreed to sell a 50% stake in its Big Beau solar-plus-storage project located in California.
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Energy company Terra-Gen has closed financing for the second phase of its mammoth Edwards Sanborn solar and storage project in California.
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South Korean-owned energy company Qcells USA has closed on a $150 million financing to support the outfit’s buildout of its project pipeline.
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A US solar and battery storage developer is preparing to put a $550 million debt package on the market to support its 33 GW pipeline of solar and storage projects in the US.
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Pathway Power, a newly formed renewable energy and battery storage developer, has landed a strategic investment from a climate-focused infrastructure platform.
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Sunnova has applied to the California Public Utilities Commission to develop a solar- and storage-driven “micro-utility” in the state.
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Arevon Energy has closed a $400 million green loan fund credit facility to finance its 6 GW solar and storage development project pipeline in the US.
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Puerto Rico Electric Power Authority (PREPA) has awarded the last power purchase and operating agreements (PPOAs) in the first tranche of the procurement process.
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Amp Energy has landed tax equity and debt financing for a 61 MW solar-plus-storage portfolio in New York state and Massachusetts.
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A Swiss energy company has entered into an agreement with SMT Energy that will see the European outfit purchase 100 MW of battery storage capacity in Texas.
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Puerto Rico Electric Power Authority (PREPA) has awarded four power purchase and operating agreements (PPOA) to renewable projects after launching a RFP process last year.
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Greenbacker Capital Management has made a strategic growth investment in a Boston-based distributed generation, microgrid, and energy efficiency company.
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Hull Street Energy has made a strategic investment in a newly-formed energy storage company based out of Colorado.
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Black Mountain Energy Storage (BMES) has sold a 700 MW portfolio of standalone battery storage projects to UBS Asset Management, making 1.5 GW of sales for the company in the last two months.
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Broad Reach Power has closed a $160 million project financing for a 18-project portfolio of battery storage projects in Texas and California.
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Spearmint Energy, a newly-formed energy storage developer, has purchased a 150 MW battery storage project in Texas from a subsidiary of Con Edison Clean Energy Businesses, the company’s first ever asset acquisition.
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Cypress Creek Renewables has purchased a four-project portfolio of standalone energy storage projects totaling 400 MW in Texas from a local developer.
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Generate Capital has purchased esVolta, a large-scale battery storage developer, as Generate continues to scale up its renewables operations.
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Aypa Power, a Blackstone portfolio company, has financed a 173 MW standalone battery storage project in Texas.
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A buyer has been found for East Point Energy, a battery storage platform which was put on the market this February.
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SMT Energy has hired a director of project management to its energy storage team from EDP Renewables (EDPR).
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Broad Reach Power has entered into a services agreement with an energy technology and infrastructure company for its data center in Texas.
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Scottish outfit Renewco Power has closed on a deal to purchase 1.5 GW of utility-scale solar projects and 500 MW of battery storage from a Virginia-based developer.
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Intersect Power has landed a $750 million growth equity investment from TPG’s investment platform, TPG Rise, and a consortium of new and existing investors.
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Generate Capital has made a strategic investment totaling $500 million into the utility-scale solar and energy storage developer Pine Gate Renewables.
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Matrix Renewables has secured tax equity financing for two of the company’s Gaskell West solar-plus-storage projects in California.
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Recurrent Energy, a wholly owned subsidiary of Canadian Solar, has purchased a pair of standalone battery storage projects in Texas totaling 400 MWh.
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EIG has entered into a memorandum of understanding (MoU) with Aramco that will see the two companies collaborate on energy projects moving forward.
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A pair of Texas-based energy companies have launched a sale process for a 600 MW portfolio of standalone battery energy storage systems that are located in the ERCOT market.
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Trafigura Group has invested in a Boston, Massachusetts-based energy storage solutions company.
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Cypress Creek Renewables has secured a loan to support the development and construction of a 160 MW solar park in Texas.
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X-Elio is preparing to enter the energy storage market in Chile with the addition of a battery energy storage system to its Uribe solar project.
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A solar and distributed energy storage developer based out of Wakefield, Massachusetts, has landed a $350 million equity investment from funds managed by CarVal Investors.
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Luminia, a solar financing solutions outfit, has inked a power purchase agreement for the output of a 11.6 MW solar project in California, which is fitted with 32 MWh of battery storage.
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Greenbacker Capital Management has made an equity investment in a financing and asset aggregation platform for commercial and industrial solar projects in the US.
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The New York State Energy Research and Development Authority (Nyserda) has awarded contracts to 22 solar and energy storage projects in the state totaling around 2.4 GW of solar generation and around 160 MW of storage.
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Swift Current Energy has upsized a credit facility to $225 million to support the Boston-based platform’s pipeline of utility-scale renewable energy and energy storage projects.
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Borrego, a solar and energy storage developer and EPC provider has agreed to spin off and sell the company’s development business, including its almost 15 GW portfolio of solar and energy storage assets spread across the US.
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EnerSmart Storage, an energy storage developer backed by Yorktown Partners, has closed financing for a portfolio of utility-scale energy storage projects totaling 165 MW located in San Diego, California.
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A joint venture between Captona and South Jersey Industries (SJI), has purchased a solar-plus-storage facility in Massachusetts, marking the JV’s fourth acquisition since its founding.
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CleanCapital has secured a $200 million debt package to support the New York-based developer’s pipeline of distributed solar and energy storage projects.
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AES Corp has entered into a power purchase agreement with Microsoft to power the company’s data centers in California, expanding on a previously announced agreement between the two parties.
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AES Corp has entered into a pair of power purchase agreements with Amazon to supply the tech company with 450 MW of solar generation and 225 MW of battery storage.
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DSD Renewables, a BlackRock-backed solar platform, has secured a $70 million tax equity investment from Morgan Stanley.
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NHOA, formerly Engie EPS, is developing a 30 MWh energy storage project in the province of Cañete in Peru.
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A Durham, North Carolina-based developer has secured a $125 million letter of credit to support the company’s project development pipeline.
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Origis Energy has closed a $375 million credit facility to support the company’s solar and energy storage project pipeline.
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Generate Capital, a San Francisco-based renewables firm, has inked a deal to purchase three battery storage projects in California from esVolta.
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The New York Power Authority (NYPA) has issued a request for proposals for the development of utility-scale battery storage projects.
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Broad Reach Power has purchased over 900 MWh of battery storage systems from a renewable solutions firm for the developer’s projects in Texas.
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Cypress Creek Renewables has secured a $450 million debt facility led by Queensland Investment Corp (QIC) to fund the outfit’s expansion of its solar and battery storage portfolio.
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Convergent Energy + Power has struck a deal with a Massachusetts-based municipally owned utility to develop a utility-scale battery storage system in the state.
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Tesla has entered into a joint venture with a Puerto Rican private equity firm to form a new subsidiary, Tesla Climate Capital.
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Crayhill Capital Management has provided a $200 million senior secured credit facility to a Texas-based renewables developer for the construction of the company's late-stage utility-scale solar projects.
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Matrix Renewables has purchased a solar project and solar-plus-storage project in California from Recurrent Energy, the US subsidiary of Canadian Solar.
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UK-based Nala Renewables has expanded its battery storage fleet in the US after entering into an agreement with power and infrastructure developer Rhynland Energy.
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Scout Clean Energy, a Quinbrook Infrastructure Partners portfolio company, has closed a $250 million revolving credit facility to support the platform’s pipeline of wind, solar and storage projects.
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The Virginia State Corporation Commission (VSCC) has approved Dominion Energy’s application to expand the company’s renewables fleet by 1 GW.
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A UK-listed fund has agreed to purchase a portfolio of battery storage projects in Texas from an SER Capital Partners portfolio company.
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D.E. Shaw Renewable Investments (DESRI) has secured a utility offtaker for the output of a 200 MW/400 MWh solar-plus-storage project in northern California.
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Ares Management Corp has led an up to $600 million equity investment in SoftBank Group’s US renewables platform, SB Energy.
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Missouri-based coal producer Peabody Energy has launched a renewables development platform called R3 Renewables through which it plans to develop and acquire 3.3 GW of solar and 1.6 GW of energy storage capacity over the next five years.
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Greenbacker Renewable Energy has purchased a portfolio of development-stage solar and energy storage projects spread across New York, Illinois and Maine from Borrego.
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Blackstone portfolio company Aypa Power has agreed to acquire a 100 MW standalone energy storage project in Virginia.
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Germany's BayWa r.e. has sold a 200 MW solar project and a 200 MW/400 MWh battery storage asset in Texas to the US subsidiary of another European energy company.
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Aspen Power Partners, a Dallas, Texas-based distributed generation platform, has secured $120 million to support the growth of its US solar and energy storage portfolio.
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Standard Solar has acquired a small-scale solar-plus-storage project in Massachusetts from EDF Renewables North America.
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French energy firm Rubis has agreed to buy a 51% stake in the Renewstable Barbados hydrogen power project.
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Despite it being hardly two months into the new year, the M&A market for power and renewables is already heating up with a seemingly endless stream of project and platform sale launches. But despite the buzz around renewables, deal watchers say there is still a “bullish” buyer base that believes in the medium-term viability of gas-fired projects over the next two decades.
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Gravity-based energy storage developer Energy Vault has started trading on the New York Stock Exchange after going public via a merger with special purpose acquisition company Novus Capital Corp II.
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Term sheet details have emerged on an equity and debt raise that is underway for a massive solar-plus-storage project in Nevada.
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Canada Infrastructure Bank (CIB) has appointed Evelyn Joerg as CFO in Toronto.
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A Colorado-based renewables project developer has kicked off an equity raise to support the development of a portfolio of battery storage projects in ERCOT.
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San Francisco-based Lacuna Sustainable Investments has invested equity in a solar and energy storage developer headquartered in Denver, Colorado.
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DTE Energy has issued a request for proposals (RFP) for solar and wind projects, with or without storage, totaling 500 MW.
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An auction process is underway for a solar distributed generation platform headquartered in New York.
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A Californian renewables developer is seeking equity and debt financing for a massive solar-plus-storage project that it is developing in Nevada.
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BlackRock’s DSD Renewables has bought a portfolio of community and commercial- and industrial-scale solar-plus-storage projects in Southeastern Massachusetts.
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A sale process for a standalone battery storage developer is underway.
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Pacific Gas & Electric (PG&E) has awarded resource adequacy contracts to nine standalone battery storage projects in California totaling 1.6 GW/6.4 GWh.
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Brookfield Renewable has bought utility-scale solar and energy storage developer Urban Grid and its pipeline of development-stage projects for $650 million.
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NV Energy has received regulatory approval to acquire two solar-plus-storage projects in Nevada from Quinbrook Infrastructure Partners portfolio company Primergy as part of a build-transfer deal.
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8minute Solar Energy has landed a $400 million investment from EIG to develop and expand its portfolio of solar and battery storage assets across the US.
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Greenbacker Capital Management has invested $20 million of equity in a standalone battery storage developer based in Virginia.
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Global Infrastructure Partners (GIP) has closed a $500 million investment in renewables-focused independent power producer BrightNight.
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Distributed generation and microgrid platform Scale Microgrid Solutions (SMS) has agreed to acquire and finance a portfolio of development-stage community solar, DG solar and battery storage projects from Nexus Renewables.
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Goldman Sachs Asset Management has arranged a A$346.33 million ($252 million) debt package for a portfolio of energy storage projects located in the US and Australia.
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Andes Solar has obtained the Chilean Environmental Qualification Resolution (RCA) for its Andino Las Pataguas solar-plus-storage project.
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Invenergy has secured a $3 billion equity investment from Blackstone to accelerate its renewables development activities.
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Blackstone portfolio company Aypa Power has struck a deal to acquire a standalone battery storage asset in California.
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Chilean energy company Gasco has begun the permitting process for a $293 million solar-plus-storage park in Chile.
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A Global Infrastructure Partners (GIP) portfolio company, Eolian, has purchased the outstanding shares in a standalone battery storage development portfolio that it previously developed with Able Grid Energy Solutions.
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EDF Renewables has won a tender to develop a 100 MW solar park with a 100 MWh adjacent battery storage unit in Peru.
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Manulife Investment Management has held a final closing on the Manulife Infrastructure Fund II (MIF II), a $4.65 billion private fund that invests in US energy assets, among others.
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South Korean power company, SK E&S Co, has reached financial close on the purchase of battery storage developer and independent power producer Key Capture Energy.
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Arevon Energy has secured tax equity financing for a solar-plus-storage asset the company is developing in Nevada.
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Canadian developer Westbridge Energy Corp has secured a controlling interest in a solar-plus-storage project in Alberta, Canada.
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Chilean independent power producer Colbun has ordered an 8 MW / 32 MWh battery storage system from Wärtsilä Corp to add to a 230 MW (DC) solar park.
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NextEra Energy has agreed to sell a 50% stake in a 2,520 MW portfolio of renewable energy assets to the Ontario Teacher’s Pension Plan (OTPP).
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Enel Chile has announced it is working on three solar parks and two wind-plus-storage farms in Chile, totaling 1,222 MW.
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D.E. Shaw Renewable Investments (DESRI) has secured tax equity financing for a solar-plus-storage project in New Mexico the developer had previously purchased from Centaurus Renewable Energy.
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Apollo Global Management has emerged as the winning bidder for a 50% stake in battery-focused independent power producer Broad Reach Power.
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A winning bidder has emerged for a solar and solar-plus-storage development project pipeline in the US.
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Intersect Power has closed a "bespoke" $2.6 billion financing which will support the construction and operation of a 2.2 GW (DC) portfolio of solar assets, along with 1.4 GWh of energy storage capacity in Texas and California.
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Spanish developer Matrix Renewables has agreed to acquire a pair of California solar projects, one of which is co-located with battery storage, from Canadian Solar subsidiary Recurrent Energy.
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Q CELLS USA Corp has purchased a 190 MW/ 380 MWh standalone battery storage project in the ERCOT market from Belltown Power.
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Plus Power, an independent battery energy storage developer, has closed a debt package for a standalone energy storage project in Hawaii.
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AES Corp has inked a power purchase agreement with Microsoft Corp that will power the tech giant’s data centers in Virginia.
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Engie North America has signed a power purchase agreement with a California water utility for the output of a solar, storage, and microgrid project.
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Amp Energy, a Canadian renewables developer backed by The Carlyle Group, has secured construction financing for a community solar-plus-storage portfolio in New York state.
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AES Corp and Siemens' energy storage joint venture, Fluence, has priced its initial public offering, valuing the company at about $4.7 billion.
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Marketing materials are being circulated for a utility-scale battery storage platform based in California.
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Bidders have been asked to re-evaluate and re-submit their offers for an Australian investment bank-backed renewables platform that is on the auction block.
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Second round bids are being taken for a contracted solar-plus-storage project in Nevada.
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Australia's Montem Resources is considering building a renewable energy complex, comprising wind, pumped hydro storage and a green hydrogen electrolyzer, on its Tent Mountain coal project site in Alberta.
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Hawaiian Electric has filed a draft request for proposals (RFP) seeking 95 MW of power generation on the eastern region of Hawaii island.
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Southern California Edison (SoCalEd) has awarded an engineering, procurement, construction and maintenance contract to renewables developer Ameresco for 535 MW of battery storage capacity in California, following an emergency proclamation from the state’s governor.
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Details have emerged on the roughly $225 million infrastructure fund that New-York based developer Daroga Power and California-based fuel cell maker Bloom Energy raised over the summer to deploy distributed fuel cell projects across the US.
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Antin Infrastructure Partners has emerged as the winning bidder for a majority stake in solar and energy storage developer Origis Energy, following a competitive auction process.
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Utility-scale solar developer Urban Grid has secured a $275 million debt package from Crayhill Capital Management to support the deployment of its US solar and energy storage platform.
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Canadian renewables developer Grasshopper Energy, formerly known as Grasshopper Solar, has secured a $48 million debt package for a portfolio of solar-plus-storage projects in Massachusetts.
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Convergent Energy + Power has acquired a standalone energy storage project located on Staten Island in New York.
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Clearway Energy has financed a 7.5 GW fleet of renewable power projects in the US with $775 million of corporate credit facilities arranged by a club of banks.
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Arevon Energy, the recently formed platform created by the spin-off of Capital Dynamics' Clean Energy Infrastructure (CEI) team in the US and its Arevon Asset Management affiliate, has bought a solar-plus-storage project in California.
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France's TotalEnergies, formerly Total, has reached financial close on a debt package for a solar-plus-storage project in Texas.
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Leeward Renewable Energy has inked a power purchase agreement with a community choice aggregator for the full output of a solar-plus-storage project in California.
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Three sponsors have secured debt financing from a development finance institution for a 54.5 MW solar asset with an adjacent energy storage facility in French Guiana.
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Fluence, the energy storage solutions joint venture between AES Corp and Siemens, is preparing to go public via an initial public offering.
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Details have emerged on the debt package that D.E. Shaw Renewable Investments’ (DESRI's) secured to support the acquisition and construction of a solar-plus-storage project in New Mexico.
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California-based fuel cell developer Bloom Energy has hired a vice president of investor relations from American Water.
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D.E. Shaw Renewable Investments (DESRI) has closed acquisition and construction financing for a solar-plus-storage project in New Mexico.
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The US House of Representatives' Ways and Means Committee has approved a critical portion of the Democrats' proposed $3.5 trillion spending package, which includes federal tax credit extensions and a direct-pay option, but market participants have warned that some of the newer measures mixing social and energy policies could have "cataclysmic ramifications."
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Dominion Energy Virginia has agreed to acquire a portfolio of development-stage solar and energy storage assets and signed renewable energy power purchase agreements totaling 1 GW of capacity in the state.
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The sale of a roughly 480 MW portfolio of renewable energy projects in the Western Electricity Coordinating Council (WECC) market has progressed to the next phase.
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Recurrent Energy and Axium Infrastructure have closed construction financing for a 1.4 GWh battery storage project in California.
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The City of Chicago, Illinois has issued a request for information (RFI) for a new electricity delivery franchisee, after the city's contract with its previous franchisee expired.
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EDF Renewables North America has secured a buyer for 50% stakes in a pair of solar projects that it is constructing in California.
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BayWa r.e. Solar Projects, the US and Mexico renewables subsidiary of Germany's BayWa Group, has appointed a new CEO and chief operations officer.
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Energy Vault, a gravity-based energy storage developer backed by SoftBank and Saudi Aramco, has agreed to go public via a merger with special purpose acquisition company Novus Capital Corp II.
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Greenbacker Renewable Energy Co (GREC) has acquired a 41 MW development-stage solar project in Michigan.
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An Australian investment banking group is taking bids soon for a renewables developer that it owns in the Show-Me state.
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A South Korean power company has emerged as the winning bidder for battery storage developer and independent power producer Key Capture Energy, following a competitive sale process.
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A Montreal-headquartered infrastructure investor has made its foray into the US battery storage market with the acquisition of a majority stake in a 1.4 GWh standalone storage project in California.
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Chile’s National Energy Commission (NEC) has announced the winning bidders for 15-year power purchase agreements that will power distribution companies (discos) in the country.
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EDF Renewables North America has inked a power purchase agreement with a California community choice aggregator for the output of a solar-plus-storage project in the state.
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British energy storage firm Highview Power is bringing in a seasoned senior executive at an independent power producer as its new CEO.
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Tesla has filed an application with the Public Utility Commission of Texas to sell power into the ERCOT market.
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Ecuador’s Ministry of Energy and Non-Renewable Natural Resources has awarded a solar-plus-storage project on the country's Galapagos Islands to a consortium.
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To download a PDF version of this Q&A, click here.
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SoftBank- and Saudi Aramco-backed Energy Vault has secured $100 million in a series C fundraising round to support the growth of its gravity-based energy storage platform.
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RWE Renewables has inked a power purchase agreement with Constellation Energy, a subsidiary of Exelon, for the output of a solar-plus-storage facility in Texas.
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Apollo Global Management is making a $150 million commitment in Durham, North Carolina-based energy storage technology firm FlexGen Power Systems to support the growth of the company and its offerings.
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Goldman Sachs Renewable Power (GSRP) has wrapped a $655.9 million debt package for its recently acquired Slate solar-plus-storage project in California.
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CarVal Investors has wrapped a $137.5 million debt package to support its US renewables portfolio.
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Distributed solar and energy storage developer Nexamp has recieved a $240 million equity injection led by Generate Capital.
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A renewables developer has kicked off an auction process for a roughly 1.25 GW/1.62 GWh pipeline of development-stage solar and energy storage projects spanning 11 US states.
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Canadian Solar subsidiary Recurrent Energy has signed its largest standalone energy storage contract to date, totaling 150 MW/600 MWh in California.
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The US subsidiary of an Israeli-owned energy company has made an equity investment in Utah-based renewables developer Balanced Rock Power, following a bank-led equity raise.
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FuelCell Energy has secured a tax equity investment from a regional bank for a 7.4 MW fuel cell project located in Connecticut.
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Capital Dynamics’ Clean Energy Infrastructure (CEI) business has secured a pair of tax equity investors for a battery storage project in California.
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NextEra Energy Resources (NER) has found a buyer for a 250 MW/180 MWh solar-plus-storage project that it is developing in Indiana.
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Quinbrook Infrastructure Partners portfolio company Primergy Solar has struck a deal to buy a pair of solar-plus-storage projects in Nevada totaling 600 MW/480 MWh.
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Terra-Gen has secured construction debt financing and tax equity to support the initial phase of its mammoth Edwards Sanborn Solar and Storage project in California.
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A Greenbacker Capital Management-affiliated fund has invested in Richmond, Virginia-based solar and energy storage developer Commonwealth Energy Partners (CEP).
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Spanish developer Greenalia has made its foray into the US renewables market with the acquisition of an undisclosed renewable energy company.
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Tel Aviv-listed developer Nofar Energy has made its debut in the US renewables market with the acquisition of a 67% stake in a commercial and industrial solar and energy storage developer based in California.
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A Canadian energy storage services firm has kicked off an equity capital raise to fund the expansion of its offerings and execution team across North America.
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Altius Renewables Royalties Corp and Apollo Infrastructure Funds have closed an additional $20 million royalties investment in Apex Clean Energy's renewables development portfolio.
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France’s Neoen has wrapped construction financing for two battery storage projects that will be added to its existing solar parks in El Salvador.
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A National Grid-led joint venture has secured a $150 million revolving credit facility to partly fund the construction of its renewable project portfolio in the US.
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A pair of community choice aggregators have inked seven power purchase agreements for 778 MW of renewable generation and 118.75 MW of energy storage capacity in California and Arizona.
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The Carlyle Group has launched a new portfolio company to develop 7 GW of renewables projects with over 3 GWh of battery storage capacity in the US over the coming years.
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A power and renewables project developer is marketing equity in a portfolio of merchant battery storage assets scattered across the ERCOT market.
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