Origis Energy, a solar project developer, secured $118 million in tax equity financing from RBC Community Investments, syndicator of renewable energy tax credits for the Chalan Solar + Storage project in Kern County, California. The project consists of a 65 MWac solar system along with a 25 MW/100 MWh battery energy storage system. Origis Energy is constructing the project and will own and operate it, with commercial operation expected in Q4 2026.
Baltic Renewable Energy Platform OÜ, a joint venture set up by Mirova – an affiliate of Natixis Investment Managers and Estonia’s renewable energy project developer Evecon, secured additional funding in the amount of approximately €40 million (~$46 million) from Swedbank. The financing will support the development and construction of a 55 MW/250 MWh battery energy storage system with a co-located 77.5 MW Kirikmäe solar project located in Estonia, which was commissioned in October 2024.
Harmony Energy, a utility-scale energy storage project developer, has secured a development financing facility from Navigator Energy Debt Finance, a Triple Point-managed partnership. The funding is expected to support the development of 3 GW of battery energy storage system assets in Germany, with the three-year facility funding a portfolio of late-stage projects across both transmission and distribution-level connections to accelerate grid-scale storage capacity.
Qualitas Energy, an investment firm specializing in renewable energy, energy transition, and sustainable infrastructure, has announced the acquisition of a portfolio of nine operational solar photovoltaic projects in Poland. The portfolio, with a total installed capacity of 376 MWp, which generates over 400 GWh of clean energy annually, has been acquired from a joint venture between Better Energy and Industriens Pension. All assets were developed and constructed by Better Energy and reached commercial operation between 2021 and 2024.
French-based utility firm ENGIE has acquired two battery energy storage system (BESS) projects in Spain with a combined capacity of 278 MW/1.1 GWh. The financial details of the acquisition were not disclosed. The acquired projects are located in Andalusia, including a 78 MW/312 MWh project in Álora and a 200 MW/800 MWh project in Tarifa. Both projects will incorporate synchronous condenser technology, enabling grid stabilization through inertia support and reactive power absorption or injection.
Energy Vault, a provider of grid-scale energy storage solutions, announced its formal entry into the Japanese market through a binding agreement to acquire a pipeline of Battery Energy Storage System projects from a leading domestic energy storage developer. The acquired portfolio consists of 350 MW of advanced-stage BESS projects and also includes 500 MW of early-stage BESS projects.
Palisade Investment Partners, an independent global infrastructure and real assets manager, has signed an agreement with Copenhagen Infrastructure Partners, a global fund manager, to acquire a 100% ownership interest in the Summerfield battery energy storage system. Located approximately 50 km east of Adelaide, South Australia, the Summerfield BESS project has a capacity of 240 MW/960 MWh.
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