Clean Energy Pipeline

Release by Scatec has signed new lease agreements for 64 MW of solar capacity and 10 MWh of battery storage across Liberia and Sierra Leone. “These agreements mark a significant step in strengthening our renewable energy presence and delivering flexible, modular ‘lease-to-own’ solutions to utilities in Sub-Saharan Africa,” said Terje Pilskog, CEO of Scatec and Chairman of Release. “The projects are designed to replace expensive fossil fuel generation, improve grid reliability, and support local economic development.” The projects are supported by financing from the IFC - International Finance Corporation, which in 2023 extended a $100 million loan and a $65 million guarantee facility to secure client payment obligations. The arrangement allows Release to provide clean and affordable power to African utilities while reducing financial risk. In Liberia, Release has entered into a 15-year lease agreement with the Liberia Electricity Corporation (LEC) for a 24 MW solar plant and 10 MWh battery energy storage system near Monrovia. In Sierra Leone, the company has secured a 40 MW solar project through a lease agreement with the national utility EGTC and the Ministry of Energy. Both projects will be the first to feature Release’s new solar panel mounting structure, developed by its engineering team in South Africa, representing a new phase in the company’s technology deployment. Release is owned by Scatec ASA (68%) and Climate Fund Managers (CFM) (32%) through the EU-supported Climate Investor One fund, a $1 billion blended finance platform dedicated to renewable energy infrastructure in emerging markets. https://lnkd.in/d8ji4PHn #cleanenergy

Enviromena has secured planning approval from the East Riding of Yorkshire Council for the 35 MWac Daisy Hill Solar Farm near Hull, UK. The council’s planning committee voted unanimously in favour of the UK solar farm, which will be capable of generating enough electricity to power more than 18,000 homes and displace approximately 8,500 tonnes of CO₂ annually. The project is also expected to contribute around £32 million in gross value added to the East Riding economy over its lifetime. “We’re delighted that the planning committee has voted in favour to approve Daisy Hill would like to thank the local community and East Riding of Yorkshire Council for their constructive engagement throughout the process,” said Mark Harding, Chief Development Officer at Enviromena. “This project is a great example of how renewable energy can deliver lasting value – strengthening the UK’s energy independence while supporting jobs, investment, and local initiatives right here in East Yorkshire.” The solar farm has been designed with a strong environmental focus, incorporating native planting, hedgerow improvements and wildflower meadow creation to achieve measurable biodiversity gains. The project also follows a series of community engagement initiatives, including support for Burton Pidsea Primary School, contributions to village improvements in Elstronwick and funding for local events. https://lnkd.in/dmXeWiYY #cleanenergy

Infineon Technologies AG has signed a ten-year power purchase agreement with PNE AG for the supply of renewable electricity from two wind farms in Brandenburg, Germany. The agreement covers output from the Schlenzer and Kittlitz III projects, which together have a combined capacity of 24 MW and are expected to generate around 550 GWh of clean electricity over their lifetime. Under the contract, the electricity will be used to power Infineon’s semiconductor facilities in Dresden, Warstein, Regensburg and Munich/Neubiberg. “We’re pleased to support industrial companies such as Infineon in achieving their own climate and production decarbonisation targets,” said Roland Stanze, Chief Operating Officer of PNE AG. “This also shows that industry is still interested in long-term PPAs. Agreements like these enable companies to secure clean electricity on a predictable long-term basis in an uncertain market.” PNE noted that the PPA was concluded in a volatile market environment characterised by rising price uncertainty and increased risk for both energy producers and industrial consumers. Christoph Reisky, Senior PPA Originator at PNE AG, added: “This is why a balanced distribution of risk, innovative trading concepts and mutual trust are all the more important in such long-term partnerships.” https://lnkd.in/dnxYaP7T #cleanenergy

US company Torch Clean Energy has selected Fluence Energy to provides its energy storage technology for the Winchester solar + storage project in Cochise County, Arizona. The project will combine two 80 MW solar arrays with 160 MW / 640 MWh of energy storage capacity, delivered using Fluence’s Gridstack Pro 5000™ system. Delivery is expected in early 2027. “Torch is excited to partner with Fluence to manufacture the energy storage system for our Winchester project,” said Travis Haggard, President of Torch Clean Energy. “The Gridstack Pro 5000 will allow us to shift cost-effective solar generation to be dispatched when the grid needs it most.” John Zahurancik, President of Fluence Americas, noted: “We’re proud to partner with Torch Clean Energy on the Winchester project and to bring this important power resource to the Arizona electric grid. “This facility is a great step toward ensuring affordable, reliable, and secure power for the local community and will support regional economic activity and expected load growth for many years to come.” The project’s domestically manufactured enclosures, inverters and thermal management systems will allow it to qualify for U.S. domestic content tax credits under the Inflation Reduction Act. Fluence has deployed or contracted more than 22 GWh of battery energy storage capacity across more than 90 projects in the US. https://lnkd.in/dmY2Syxg #cleanenergy

Spanish company COFIDES has committed €50 million from its Co-Investment Fund (FOCO) to the SWEN Impact Fund for Transition 3 (Swift 3), an infrastructure private equity fund managed by France-based SWEN Capital Partners. The Luxembourg-domiciled fund focuses on renewable gas assets, including biomethane and green hydrogen production and distribution. Swift 3 has a target size of €1 billion. The fund plans to make investments ranging from €20 million to €50 million, with a focus on Spanish companies. Swift 3 represents the third iteration of SWEN’s renewable gas investment strategy, which has already built a strong track record, including investments in four Spanish developers. SWEN Capital Partners has completed more than 40 transactions across Europe, primarily in biomethane. “This marks FOCO’s first investment in a biomethane-focused vehicle, a key solution for advancing toward a cleaner and more sustainable economy,” said Ángela Pérez, Chairperson and CEO of COFIDES. “Partnering with a firm that has a proven track record in the sector allows us to maximise the positive impact of our investments and reinforce our commitment to a low-carbon future.” Olivier AUBERT, Managing Director and Head of SWIFT strategy at SWEN Capital Partners, added: “We are delighted to welcome COFIDES as a strategic investor in Swift 3. “Their commitment through FOCO strengthens our ability to accelerate the deployment of renewable gas infrastructure across Europe, and particularly in Spain. This partnership reflects a shared ambition to drive the energy transition and support industrial decarbonisation at scale.” https://lnkd.in/dFC3E-8q #cleanenergy

Ardian has raised $20 billion for its latest flagship infrastructure platform, Ardian Infrastructure Fund VI (AIF VI). AIF VI is Ardian’s largest infrastructure platform to date and is 90% larger than its predecessor (AIF V). AIF VI reached its hard cap of $13.5 billion (€11.5 billion) and includes co-investments alongside the fund. The fund primarily focuses on European investments across three sectors: energy, transport, and digital infrastructure. AIF VI’s existing energy investments include Akuo, a renewables company with 1.9 GW of installed capacity across Europe, Irish utility Energia Group, and Verne, a UK-based data centre operator powered entirely by renewable energy. Despite a more challenging fundraising environment, AIF VI was completed within two years. Commitments came from 229 institutional investors globally, including pension funds, insurers and sovereign wealth funds. Participation from North American investors doubled compared with the previous fund, accounting for 14% of total capital, while Asian investors represented 32%, including several first-time Australian participants. “The successful fundraise cements Ardian’s position as an international leader in essential infrastructure, with its unique investment approach and strong track record, offering one of the most stable and consistent platforms in the market,” Ardian said in a statement. https://lnkd.in/dqMWZMkH #cleanenergy

EIB Global | BEI Monde, the development arm of the European Investment Bank (EIB), has committed up to $60 million to the India Energy Transition Fund, a new $300 million infrastructure vehicle managed by EAAA Alternatives. The India Energy Transition Fund will invest equity and quasi-equity in renewable energy, energy efficiency, transmission, battery storage, electric mobility, and circular economy projects such as recycling and wastewater management. The initiative is the first energy transition fund in India to be managed by a domestic fund manager. “India is one of Europe’s most important partners in the global green transition,” noted Nicola Beer, EIB Vice-President. “By joining forces with the India Energy Transition Fund, we are helping to accelerate renewable energy, strengthen energy security and affordability, and unlock sustainable infrastructure investment across the country. This initiative shows how EIB Global, as part of the EU Global Gateway strategy, mobilises capital to deliver real climate action, better conditions for households and lower energy prices.” Subahoo Chordia, CEO of EAAA Alternatives, said: “We are delighted to welcome EIB Global as a cornerstone investor in the India Energy Transition Fund. “India’s energy transition is both a priority of the country and an attractive investment opportunity. At EAAA Alternatives, we are focused on building sustainable assets through disciplined investing and strong asset management. EIB Global’s partnership adds depth and credibility to this effort, helping us accelerate India’s clean energy and decarbonisation journey while delivering long-term value for investors. Together, we will foster innovation, attract further private capital, and drive long-term sustainable growth.” https://lnkd.in/gTx3h4xR #cleanenergy

Keppel MET Renewables, a 50:50 joint venture between MET Group and Keppel (Infrastructure Division), has started commercial operations at the 10 MWp Ferrera Erbognone Agri-PV project in Italy. The solar facility is expected to generate 15 GWh of clean electricity annually, enough to power around 6,000 households. Construction began in July 2024, with 16,000 solar panels installed across 16 hectares of industrial land. EPC services were provided by CMC Europe Italy SRL, while MET Energia Italia will act as the offtaker for the plant’s output. The Agri-PV project is located in a traditional rice-growing area and allows for dual land use. A 50-metre-wide mitigation zone around the site will host 2,800 plants to enhance biodiversity and environmental resilience. “We are delighted with this important milestone in growing our presence in Italy,” commented Clive Turton, Executive Chairman of MET Group’s Green Assets. “What pleases me most is that this solar park exemplifies how MET places emphasis on responsible planning and management of natural resources during construction. Within this context, responsible water management is a priority, guaranteeing that water use is socially equitable, environmentally sustainable and economically beneficial.” MET Group currently operates 424 MW of solar and wind capacity, with over 500 MW of additional projects in development in Italy and a total pipeline exceeding 1 GW. Cindy Lim, CEO, Infrastructure of Keppel and member of MET Group’s Board of Directors, added: “The completion of our first grid-scale Agri-PV project in Western Europe is proof of Keppel’s ability to turn strategy into action. “It builds our operational track record in adjacencies to flexible power, while diversifying Keppel’s geographical presence. The Keppel-MET joint venture also exemplifies our asset-light, capital-efficient model – scalable across Europe and enhancing earnings visibility for Keppel.” https://lnkd.in/gw4cdmci #cleanenergy

Lightsource bp and Pinnacle Financial Partners have closed a $97.9 million tax equity financing for the 187 MW Peacock Solar project in San Patricio County, Texas. Peacock Solar began commercial operations in November 2024 and supplies renewable power directly to the Gulf Coast Growth Ventures manufacturing complex, a joint venture between ExxonMobil and SABIC. The facility is expected to generate more than 360,000 MWh of clean electricity annually. “We’re proud to collaborate with Pinnacle Financial Partners on this tax equity deal for Peacock Solar,” said Emilie Wangerman, Chief Operating Officer and Head of USA at Lightsource bp. “Our partnership reflects our shared commitment to develop creative, effective capital solutions that support growth and deliver value to all stakeholders. This deal is an important step forward in advancing the renewable energy infrastructure in Texas and across the USA.” The deal marks the second transaction between the two companies and represents Pinnacle’s first production tax credit equity investment. Frank Conley, Head of Solar Capital Advisory at Pinnacle Financial Partners, added: “Pinnacle Financial Partners is delighted to participate as a tax-equity investor in the Peacock Solar project developed by Lightsource bp. “This investment builds upon Pinnacle’s growing relationship with Lightsource bp and reinforces our commitment to supporting clean energy initiatives that benefit local communities, create jobs, and advance a more sustainable future.” Lightsource bp has now raised over $5 billion in third-party capital to finance renewable energy projects across the US. https://lnkd.in/gb9VvetC #cleanenergy

Aura Power has reached financial close on the 30 MW Rayleigh Solar Farm in Essex, UK. Rayleigh Solar marks Aura Power’s fourth project in its UK portfolio to move into construction within the past 12 months. Senior debt for the project has been provided by Rabobank, which is also financing Aura Power’s Kemble, Burtree Lane and Grimsby solar farms currently under construction. Rayleigh Solar Farm was awarded a Contract for Difference under Allocation Round 6 and is the first of Aura Power’s AR6-awarded projects to secure construction financing. Preparatory works are due to begin in November 2025, with full construction starting in February 2026 under the engineering, procurement and construction partnership between Aura Power and ib vogt GmbH. “We are delighted to have reached financial close on the Rayleigh Solar Farm, which marks another important step in delivering our nearly 600 MWp ready-to-build solar portfolio in the UK,” said Ali Timms, General Counsel at Aura Power. “Thanks to our financiers Rabobank and Investec, as well as our in-house team and partners for enabling us to realise this project.” Paul Graafland, CFA, Associate Director at Rabobank, added: “We’re delighted to back Aura Power in plugging more sunshine into the UK grid with already the fourth transaction in a row. With the UK charging ahead on renewables, this solar PV project is another bright step toward a cleaner, greener future — and we’re proud to help finance it.” Burges Salmon LLP advised Aura Power on the transaction. Once operational, the project will generate enough renewable electricity to supply more than 11,000 homes and offset approximately 13,000 tonnes of CO₂ emissions annually. The site design includes landscaping and habitat enhancements to deliver a biodiversity net gain of over 130%. Aura Power currently has 242 MWp of projects under construction across the UK. https://lnkd.in/gxV3B9z8 #cleanenergy