$1 billion transaction for solar and wind: ACCIONA Energía will sell 49% stake in its 1.3 GW solar PV portfolio in the US and the full stake in 2 wind farms with a combined capacity of 321 MW in Mexico for around $1 billion. Mexico Infrastructure Partners (MIP) will purchase this stake in 4 solar plants, comprising the 458 MW Red Tailed Hawk and 316 MW Fort Bend Solar plants in Texas, the 127 MW High Point Solar Farm in Illinois, and the 415 MW Union Solar in Ohio. ACCIONA will retain a 51% majority stake in the assets and continue to operate and manage them. This is aligned with the company’s selective asset rotation strategy, it stated, while adding that the transaction will close in H1 2026.
Financial close for 313 MW DC: US renewable energy company Origis Energy has reached financial close on the Swift Air Solar II and III projects in Texas, totaling 313 MW DC, supported by $290 million in senior secured debt from Natixis CIB and Santander. The projects in Ector County, Texas, are set to begin commercial operation in Q4 2025 and will supply solar power under long-term PPAs with Occidental Power (Oxy) and its subsidiary OLCV Stratos Development for a direct air capture facility, STRATOS, in the Permian Basin. Both these projects are part of a larger 600 MW complex. Origis commissioned the 184 MW DC Swift Air Solar I project earlier this year, which is also contracted with Oxy.
It follows a $265 million tax equity commitment for Origis’ 305 MW PV portfolio of 3 utility-scale projects from impact investment firm Advantage Capital. These 3 facilities are located in Florida and Alabama, and will be built using domestically sourced equipment.
BayWa r.e. closes financing: BayWa r.e. has secured financing for the Jacumba Valley Ranch Energy Park (JVR) in Southeastern San Diego County, combining 127 MW DC/90 MW AC of solar and 70 MW AC/280 MWh of battery storage. The project, now under construction and expected to start operations in 2026, will supply electricity to about 57,000 homes through San Diego Community Power. Total funding of around $416 million includes a construction-to-term loan led by Société Générale and preferred equity from Wafra and Acadia Infrastructure Capital.
Earthrise secures $360 million refinancing: IPP Earthrise Energy has closed a $360 million financing package to refinance the debt in its thermal portfolio and support the development of its co-located solar projects. The solar portfolio is expected to add over 1.7 GW to the grid, including the 270 MW AC Gibson City Solar Project under construction and slated for operations in 2026. The remaining PV projects will commence construction in 2026. The financing includes a $300 million Term Loan B and credit facilities, arranged by Santander and MUFG, and is backed by Earthrise’s natural gas peaking assets.
Waaree’s 288 MW solar order: Waaree Solar Americas has won a 288 MW solar PV module supply order in the US. The offtaker is unidentified and introduced as a renowned developer and owner-operator of utility-scale solar and storage projects in the country. It will complete the delivery of the modules in the financial year 2026-27.
Stonepeak buys stake in Outpost: Alternative investment firm Stonepeak will acquire a 43.8% stake in Repsol’s 629 MW Outpost Solar Project in Texas for $252.5 million. The deal values the asset at about $775 million, including proceeds from monetized Production Tax Credits (PTC). Outpost began commercial operations in August in Webb County, Texas, and has a long-term power purchase agreement (PPA). The transaction marks Repsol’s 2nd asset rotation in the US, and its 2nd renewables deal with Stonepeak. Previously, Stonepeak acquired a stake in Repsol’s 632 MW Frye Solar Farm in Texas and the 145 MW Jicarilla Solar and Storage complex in New Mexico. The deal is expected to close in the coming months, subject to regulatory approvals.
$140 million securitization: Technology firm GoodLeap and independent infrastructure investment firm Tactical Infrastructure Partners have closed a $140.2 million securitization backed by residential solar leases and power purchase agreements (PPA) originated on GoodLeap’s platform. The deal is the 2nd securitization under their partnership and provides long-term financing for solar assets previously invested in by Tactical. The transaction enables Tactical and GoodLeap to unlock capital to support future growth and scale deployment of third-party-owned solar and storage systems, helping more homeowners access clean energy through flexible financing, said the duo in a joint statement.