Clean Energy Pipeline

PNE has announced the sale of two wind farm projects in France with a combined capacity of 25.7 MW. The 14.4 MW Clermont-en-Argonne wind farm in the Grand Est region was developed by PNE France to the ready-to-build stage and sold to French independent power producer JP Energie Environnement in July. Construction began in September 2025, with commissioning scheduled for late 2026. JP Energie Environnement will construct and operate the facility. PNE also completed the sale of the 11.3 MW Genouillé wind farm in Nouvelle-Aquitaine to French energy company Groupe SORÉGIES. Developed and built by PNE France, the wind farm has been operational since July 2025. PNE will continue to operate the project on behalf of Sorégies through its subsidiary, Energy Consult France, further expanding its operations and long-term service business in the country. “We are delighted to have found two buyers who are as committed to the expansion of renewable energies as we are,” said Heiko Wuttke, CEO of PNE. “Together, we are making another important contribution to the energy transition. At the same time, the sale underlines the importance of the French market for the PNE Group. The sale of both projects once again demonstrates the high quality of PNE France’s work.” Alaïa Advisory advised the PNE Group on both deals. Following the sale of the Sundern-Allendorf wind farm earlier this year, PNE has now divested three projects in H2 2025. PNE noted that additional sales processes are ongoing, with the company reaffirming its expectation to meet its 2025 financial guidance. https://lnkd.in/gKEGGSXe #cleanenergy

RES has completed the sale of the Tungkillo Battery Energy Storage System (BESS) development project in South Australia to Iberdrola Australia. The Tungkillo BESS development will be located in the Mid Murray Council area with a capacity of 270 MW / 1,080 MWh. “We’re grateful for our ongoing partnership with Iberdrola, whose proposed €275 million investment in Tungkillo is part of a broader €1 billion commitment to battery storage in Australia by 2028,” RES said in a statement. “Together, we’re supporting Australia’s clean energy transition and building a more sustainable future.” https://lnkd.in/gUN_xgXP

Bridge Renewable Energy, part of Bridge Investment Group Holdings, has closed an $85 million portfolio financing package to support the development, construction and operation of distributed solar and storage projects across the US. The transaction comprises an $80 million delayed draw term loan and a $5 million revolving credit facility, arranged by Investec Bank as sole lead arranger, with participation from Amalgamated Bank and Farmer Mac. The facility includes construction-to-term financing, alongside preferred equity bridge and tax credit bridge loan capacity. The proceeds will fund a 40 MW portfolio of 42 community solar and commercial and industrial solar and energy storage projects across nine states, including Arizona, California, Georgia, Illinois, Maryland, Maine, Minnesota, Nebraska and Texas. “Distributed solar and energy storage have been constrained by access to efficient capital,” said Adam Haughton, Chief Investment Officer at Bridge Renewable Energy. “This financing facility exemplifies the types of innovative capital needed to accelerate distributed energy deployment in the U.S.” Frederic Petit, Co-Head of Energy & Infrastructure Finance at Investec, added: “This transaction highlights our ability to deliver creative and scalable capital solutions that support the growth of distributed renewable energy across the U.S." The financing is backed by Energetic Capital’s EneRate Credit Cover policy, which insures offtaker credit risk for renewable energy lenders and investors. Vincent LePore, Director at Energetic Capital, noted: “Distributed generation is central to the energy transition, and this facility demonstrates how creative financing partnerships can unlock new opportunities for developers and lenders alike.” Foley & Lardner LLP acted as borrower’s counsel for BRE, while Willkie Farr & Gallagher LLP advised the lenders. https://lnkd.in/gW39HfrF #cleanenergy

RWE has started construction of two new onshore wind farms in Italy with a combined capacity of 92 MW. The 47 MW Serra Palino wind farm is located in Foggia, Apulia, and will comprise eight 5.9 MW turbines. The 45 MW Venusia wind farm, situated in Potenza, Basilicata, will feature eight 5.6 MW turbines. Both projects were awarded under Italy’s most recent renewables auction and are scheduled for commissioning by the end of 2026. “Our journey to support Italy’s energy transition continues,” said Katja Wünschel, CEO RWE Renewables Europe & Australia. “Following the commissioning of the Mondonuovo wind farm in July, we have started construction of two new onshore wind farms in Italy. Once commissioned, these projects will be able to supply green electricity to more than 83,000 Italian households. Onshore wind power is a cornerstone of Italy’s energy transition, and for good reason: it is clean, mature and affordable.” RWE operates 17 onshore wind farms across Italy, with a combined capacity of 598 MW, enough to supply more than 500,000 households with renewable electricity. RWE is also expanding into hybrid and Agri-PV projects, including the 9.8 MWac Morcone and 9.3 MWac Acquafredda solar plants under construction in the Campania region. https://lnkd.in/gGABPeJ3 #cleanenergy

Ignitis Group has secured €318 million in non-recourse project financing for the 314 MW Kelmė wind farm in Lithuania. The financing package comprises loans of €100 million from the European Investment Bank (EIB), €98.5 million from Swedbank, €79.5 million from the European Bank for EBRD and €40 million from the Nordic Investment Bank. The total investment by Ignitis Group, including acquisition and construction costs, is estimated at €550 million. “Kelmė wind farm is a significant milestone not only for Ignitis Group but for Lithuania’s energy future,” Ignitis Group Chief Financial Officer Jonas Rimavicius. "The support from our financial partners underscores the importance of collaboration in achieving our ambitious goal of reaching 4–5 GW of installed green generation capacity by 2030.” The Kelmė wind farm has been operating in western Lithuania since June 2025 and is capable of generating enough electricity to power around 250,000 households. The project features 44 Nordex Group N163/6.X turbines, each rated at 7.13 MW and reaching 240 metres in height. “This landmark project is a big step forward for Lithuania’s green transition,” stated EIB Vice-President Karl Nehammer. “Kelmė wind farm is a landmark project for Lithuania and the entire Baltic region, and Swedbank is proud to be part of making it a reality,” noted Ignas Mačeika, member of the Swedbank Board and head of the Corporate Customer Division. “As the largest financial partner of Ignitis Group, we have worked together for more than 25 years to deliver strategic energy projects – from cogeneration plants in Vilnius and Kaunas to solar and wind developments across the region. The Kelmė project highlights how strong partnerships can accelerate the shift towards renewable energy and build a more sustainable future for our society.” Grzegorz Zielinski, EBRD director, Head of Energy Europe, commented: “We are pleased to team up once again with Ignitis, our long-standing client and investee company, in supporting this important transaction – a true milestone in the company’s, and Lithuania’s, green energy transition journey.” Jeanette Vitasp, CFA, Head of Lending at NIB, added: “Following our successful cooperation on Ignitis Renewables’ wind projects in Poland and Lithuania, we are proud to strengthen the partnership and support the region’s move towards sustainable energy." https://lnkd.in/gX-GqnTe #cleanenergy

R.Power Renewables has sold a 49.99% stake in the 127 MW / 254 MWh Scornicesti battery energy storage system (BESS) project in Romania to Eiffel Investment Group. The deal marks the establishment of a new joint venture between R.Power and Eiffel Investment Group. The new venture will jointly finance, construct, and operate the Scornicesti BESS in Olt County. Once operational, Scornicesti BESS will deliver 254 MWh of flexible capacity to the Romanian grid. Scornicesti is the second collaboration between R.Power and Eiffel Investment Group in Romania, following their previous partnership on solar PV projects. “We are very proud to strengthen our partnership with Eiffel Investment Group through another joint venture in Romania — this time in battery storage,” said Przemek Pieta, CEO and Founder of R.Power. “Following our cooperation in photovoltaic projects, this transaction marks the next step in expanding our long-term presence in one of Europe’s most dynamic renewable energy markets. “Romania is a key country for R.Power, where we are developing and building several PV farms, including Stalpu, Suseni, Dudesti, and Punghina. Together with Eiffel, we are accelerating the deployment of energy storage, supporting grid flexibility, and advancing the energy transition in Central and Eastern Europe.” https://lnkd.in/gRD7Hihz #cleanenergy

Metlen Energy & Metals has agreed to sell a 42 MW solar project portfolio in South Korea to HRE Co. Ltd. The portfolio comprises five operational and under-development solar projects that will collectively produce more than 60 GWh of clean electricity annually, enough to supply around 12,000 households. The operational assets have secured long-term power purchase agreements with major Korean conglomerates. Sunwoong Kim, Representative Executive Officer of HRE, said: “The acquisition of this 42 MW portfolio strengthens HRE’s position as a leading renewable-energy developer and marks the beginning of a long-term collaboration with METLEN. Together, we aim to expand into large-scale solar and battery storage projects that will shape the region’s sustainable energy future.” METLEN and HRE are also exploring a broader partnership covering additional large-scale solar, battery energy storage and green-powered data centre projects in South Korea. Nikos Papapetrou, Executive Director of METLEN’s M Renewables segment, added: “This agreement with HRE underscores METLEN’s long-term commitment to the South Korean market and the strength of our renewables platform in East Asia." https://lnkd.in/gGGiZxWs #cleanenergy

Metlen Energy & Metals has signed a 10-year Power Purchase Agreement (PPA) with ENGIE for the supply of electricity from six solar sites across the UK. Under the agreement, METLEN will will deliver more than 233 GWh of clean power annually. The 235 MW solar portfolio in the PPA will help avoid over 52,000 tonnes of CO₂ emissions each year. “The projects are developed and executed entirely by METLEN’s M Renewables segment, one of the top contractors in the UK for solar and storage projects,” METELN said in a statement. “The majority of the sites are expected to be fully commissioned by the end of 2025, with two additional sites scheduled for 2026. “This PPA strengthens METLEN’s growing portfolio of offtake agreements across Europe, while it deepens the global partnership between METLEN and ENGIE, aiming at delivering flexible, reliable and low-carbon energy solutions across markets.” METLEN currently has 90 renewable energy projects, including solar and battery energy storage systems, either completed or under development in the UK. METLEN was advised by Dentons (legal) and Our New Energy (commercial structuring) on the deal. https://lnkd.in/gnyc2gVS #cleanenergy

Recurrent Energy, a subsidiary of Canadian Solar Inc., has closed $825 million in construction financing and tax equity for its Desert Bloom Storage and Papago Solar projects in Maricopa County, Arizona. The financing was provided by NORD/LB, MUFG, CoBank, and Siemens Financial Services, with tax equity from Wells Fargo. Desert Bloom Storage is a 600 MWh standalone battery energy storage facility, while Papago Solar is a 150 MWac solar plant. Both are part of Recurrent Energy’s partnership with Arizona Public Service - APS and are expected to begin operations in the first half of 2026. “We are excited to have supported Recurrent Energy on the landmark Desert Bloom Storage and Papago Solar financing,” said Sondra Martinez, Head of Project Finance–Origination at Nord/LB. “This transaction demonstrates Nord/LB’s commitment to financing best-in-class projects that will deliver clean, reliable power to communities. We look forward to continuing our longstanding partnership with Recurrent Energy and to providing financing solutions in a rapidly evolving market.” Fred Zelaya, Managing Director of Project Finance at MUFG, added: “Desert Bloom Storage and Papago Solar will help provide the community with reliable, carbon-free energy while enhancing the resiliency of the grid. We look forward to continuing to support Recurrent Energy’s ambitious growth in the renewable energy sector.” Dr. Ismael Guerrero Arias, CEO of Recurrent Energy, stated: “For the third consecutive year, APS set a new peak energy demand record this summer. “We’re proud to continue supporting APS with dispatchable energy resources that enhance reliability and meet the needs of their growing customer base. "Together with our long-term partners at Nord/LB, MUFG, CoBank, and Siemens Financial Services, we’re building critical infrastructure that strengthens Arizona’s grid and supports the state’s growing economy.” Primoris Services Corporation’s Renewable Energy business is serving as EPC contractor for Desert Bloom Storage, while Blattner Energy is constructing Papago Solar. https://lnkd.in/g6vmPKJm #cleanenergy

EDP has signed a 12-year renewable energy supply contract with McDonald's’s in Brazil, providing power for more than 150 restaurants across six states. The partnership, established between EDP and 38 McDonald’s franchisees in the South and Southeast regions, will deliver over 61 GWh of clean electricity annually from the 319 MWp Solar Novo Oriente complex in São Paulo, which is the state’s largest solar PV plant. The contract also includes the annual issuance of over 61,000 International Renewable Energy Certificates (I-RECs), guaranteeing the renewable origin of the power and avoiding around 3,000 tonnes of CO₂ emissions each year. “Being chosen once again by McDonald’s on its journey toward a greener future is, without a doubt, a reflection of the trust our clients place in the solutions EDP offers as a global energy partner,” said Vera Pinto Pereira, Executive Board Member of EDP. “This choice, in both Portugal and Brazil, two key markets for EDP, reinforces our role in accelerating the energy transition. We want to continue supporting companies across different sectors in adopting clean energy, helping them advance their efficiency and decarbonisation strategies.” The new agreement builds on EDP’s previous collaborations with McDonald’s. In 2022, EDP constructed three solar plants totalling 6.6 MWp to supply 28 restaurants and seven kiosks operated by Arcos Dorados in Brazil. In Portugal, EDP Comercial is developing rooftop and car park solar systems and has installed over 150 fast-charging points at McDonald’s restaurants nationwide. https://lnkd.in/g6kuvtYS #cleanenergy