Enel’s 830 MW acquisition: Italy’s Enel S.p.A. is acquiring an 830 MW wind and solar power plant portfolio in the US for close to $1 billion from Excelsior Energy Capital. It is executing the acquisition through its wholly-owned subsidiaries Enel Green Power North America and EGPNA Project Holdco. Once the transaction closes in Q3 2026, it will expand Enel Group’s installed renewables capacity in North America to around 13 GW, comprising wind, solar, and storage facilities. Globally, the group has an electricity generation capacity of close to 93 GW. Its renewables arm Enel Green Power has a portfolio of nearly 68 GW.
Perch expands portfolio: Perch Energy, a community solar service provider, has acquired Solstice Power Technologies, which specializes in customer acquisition and management in the community solar space. Previously owned by MyPower, a wholly-owned subsidiary of Mitsui & Co., Solstice brings its operational and under-contract solar projects and subscribers. Perch will now manage more than 3 GW of solar capacity across more than 1,000 projects in 16 US states. Solstice’s Co-Founder and CEO, Sandhya Murali, and VP of Growth and Asset Management, Tyler Yasa, will assume leadership roles after the merger is complete.
500 MW DC project online: Origis Energy, a renewable energy company, has commissioned the 500 MW DC Swift Air Solar facility in Texas. The entire project comprises 3 sub-projects that were developed and constructed in 3 phases, with the final phase delivered in late 2025. Together, these projects will represent more than $650 million in infrastructure investments in Ector County and West Texas, according to Origis. Occidental, the oil and gas company, will offtake power from the 3 facilities to power its West Texas operations, including its STRATOS Direct Air Capture facility.
2 GW project changes hands: Shell-backed Savion has acquired the Cereza Solar and Storage Project with up to 2 GW capacity, located at the Department of Energy’s Hanford Site, from Hecate Energy. The latter acquired development rights for the project in 2024. Savion will now lead development with Hecate’s support. Hecate says its portfolio of sold projects now exceeds 12 GW, contributing to a revenue backlog of more than $686 million.
Geenex selling 222.2 MW capacity: CleanChoice Energy, a renewable energy supplier, is acquiring 2 solar projects in Halifax and Bertie counties in North Carolina, totaling 222.2 MW DC. This deal with utility-scale projects developer Geenex will triple the company’s generation capacity to 331.99 MW. Both the Sumac (103.92 MW DC) and Sweetleaf (118.3 MW DC) projects will enter construction in early 2027. Commissioning to the PJM grid is planned for 2028.
Financing for solar project: Swift Current Energy has secured tax equity financing and $248 million in project financing for a 122 MW DC/100 MW DC solar project in eastern Maine. The Three Rivers Solar facility is located in Hancock County and is contracted under a 20-year power purchase agreement (PPA). The project is scheduled to enter commercial operations later this year. The financing was arranged by major banks, including Crédit Agricole CIB, Lloyds Bank, NatWest, and Société Générale.
New BTM company: Prime Power, a power generation platform, has launched itself as a behind-the-meter (BTM) power platform focused on delivering utility-independent energy solutions for data centers and mission-critical facilities. The company says it offers natural gas, wind, solar, and battery storage systems, co-located or grid-tied, to address rising power demand from AI and cloud infrastructure. Led by CEO Daniel Atherton and CDO Pervez Siddique, Prime Power aims to provide faster deployment, modular scalability, and long-term cost certainty while reducing reliance on congested public grids. The company is backed by private equity fund Worth Metro.
Solar & storage project in Texas: Clearway Energy Group has commissioned a 300 MW solar and 200 MW battery energy storage system (BESS) facility in Texas. The Pine Forest Energy Center in Hopkins County represents $685 million investment. The project has come up on privately leased land. Blattner Energy carried out its construction.
$689 million for Lydian: Independent power producer (IPP) Lydian Energy has secured $689 million in financing for its solar and storage projects in the US, backed by CIBC and MUFG. The beneficiary projects are the 75 MW AC/100 MW DC AC Ranch solar project in New Mexico, the 170 MW AC/210 MW DC Yellow Viking facility in Texas, and the 150 MW/733 MWh Faraday battery energy storage system (BESS) Phase I facility in Utah.
