Austria’s Enery has commissioned the 37 MW Stella PV Solar Power Plant in Dynín, South Bohemia, Czech Republic. Built without investment subsidies, the project is backed by a long-term green power purchase agreement (PPA) with German industrial group BENTELER. The project is Enery’s first solar plant in the country developed and built entirely from the ground up. It comprises 51,636 bifacial solar modules mounted on single-axis trackers and is expected to generate 47.2 GWh of electricity annually. Enery said the project demonstrates how long-term electricity supply agreements can support renewable energy development and provide industrial companies with green power.
Swedish renewable energy company Rabbalshede Kraft has started construction of two utility-scale solar parks in Finland with a combined capacity of 108.2 MW. The Lamminneva project, with a capacity of 36.7 MW, is located in Lappajärvi in South Ostrobothnia, while the 71.5 MW Isoneva project is being built in Suonenjoki in North Savo. The two plants are expected to generate approximately 98 GWh of electricity annually. Both projects are being developed on former peat extraction sites, giving the land a new use for renewable electricity generation. They are scheduled to begin operations in spring 2027. The projects have received €9.1 million in support through the European Commission’s Renewable Energy Financing Mechanism (RENEWFM).
The European Commission has approved the acquisition of joint control of US-based energy company The AES Corporation by Global Infrastructure Management (GIM) and EQT Fund Management. GIM is backed by BlackRock, and EQT Fund Management is part of Sweden-based investment organization EQT. The transaction primarily concerns electricity markets. The Commission concluded that the acquisition would not raise competition concerns, citing the companies’ limited market positions following the transaction. The consortium had agreed to acquire AES in a $33.4 billion deal announced earlier this year. As of 2024, AES said it operated 16 GW of renewable resources out of 32.1 GW of assets and had 67 GW of capacity in development (see Consortium To Acquire The AES Corporation For $33.4 Billion).
AMPYR Solar Europe (ASE) has sold a 49% stake in its Elsterheide Solar and Battery Energy Storage Project in Saxony, Germany, to Japan’s Daiwa Energy & Infrastructure (DEI). The recently commissioned project comprises a 157 MW solar PV plant and an 80 MWh battery energy storage system (BESS). The battery can charge from both the solar plant and the grid, enabling it to provide balancing services. Initially planned as a 20 MW solar project, it was subsequently expanded in successive phases. AMPYR says it will retain a 51% stake and will continue to operate and manage the assets. The project includes a long-term PPA covering 120 MW of solar capacity, a battery optimization contract, and a Guarantees of Origin sales agreement with tier 1 counterparties, according to ASE. Another 40 MW of solar capacity is supported under Germany’s Renewable Energy Sources Act (EEG).
Austrian Federal Railways (ÖBB), the national train operator of Austria, has commissioned its largest solar power plant in the Asten/Enns region. The 20-hectare facility comprises 37,764 modules and is expected to generate nearly 24 GWh of electricity annually. ÖBB says the annual output of the facility is equivalent to the electricity demand of around 8,000 Railjet journeys between Vienna and Linz. The power will be fed directly into ÖBB’s railway electricity network through a nearby substation, supporting train operations along the Western Railway line.
Austria’s Raiffeisen Bank International AG (RBI) has arranged financing for a 58 MW solar PV power plant being developed by TDI Renewables near Iratoșu, Romania. The financing package includes a €22.5 million term loan, a €3 million value-added tax (VAT) facility, and interest rate hedging. RBI is acting as both lender and hedge provider, while Raiffeisen Bank Romania serves as the account bank. The project is planned to be complemented by an 88 MWh BESS at a later date.
German agrivoltaics specialist Next2Sun is working with a court-appointed administrator to restructure its business. This follows the filing for self-administration insolvency proceedings by two of its subsidiaries after a fundraising campaign failed to secure sufficient binding financing (see Hope Floats For Next2Sun With Over €5 Million In Offers). The affected entities are Next2Sun Technology GmbH and Next2Sun Mounting Systems GmbH. Business operations at the two subsidiaries are continuing during restructuring, and the group is seeking investors to secure their future.
Keong Hong Holdings Limited, a Singapore-based real estate group, has signed a memorandum of understanding with Helios Photovoltaic Sdn Bhd, a Malaysia-based solar and renewable energy developer. The duo plan to explore collaboration on renewable energy, solar, BESS, data centers and related infrastructure projects. The non-binding agreement provides a framework for the companies to assess potential projects in the European Union (EU), Malaysia, Cambodia, Kazakhstan, and other markets. Helios will contribute its solar and renewable energy project development expertise, while Keong Hong may participate as a project partner or as an EPCC contractor.
