Australia-based battery energy storage system (BESS) company Akaysha Energy has established an AUD 1.75 billion portfolio financing platform. It will refinance the company’s four BESS projects in Australia: Brendale, Orana, Ulinda Park and Elaine. The financing is backed by 11 banks, including ANZ, BNP Paribas, Bank of China, CIBC, Commonwealth Bank of Australia, Deutsche Bank, DNB, ING, Mizuho, MUFG, and Rabobank. The financing will support the company’s development pipeline of approximately 6 GW/25 GWh of large-scale battery storage projects across Australia’s National Electricity Market (NEM). Akaysha Energy owns and operates the 850 MW/1.68 GWh Waratah Super Battery in New South Wales that’s touted to be one of the world’s most powerful BESS projects (see Australia Powers Up 850 MW Waratah Super Battery Project).
Blackstone has closed its fifth energy transition fund, Blackstone Energy Transition Partners V, with $8.7 billion in capital commitments. This is more than 50% higher than its predecessor fund. Blackstone says this fund has already invested in power generation, electric transmission, energy efficiency, and infrastructure businesses, including three platform companies focused on power generation and transmission development. Blackstone said it has committed more than $11 billion in new equity investments across the energy transition sector since January 2025.
UK-based renewable energy company Low Carbon has launched the Dengie Peninsula Energy Park Project in Essex, UK. It is planned to have a potential capacity of 1 GW, combining solar power and battery energy storage to export clean electricity to the grid. Low Carbon says the project is intended to support the UK’s clean energy transition, with public consultation planned for early 2027. It qualifies as a Nationally Significant Infrastructure Project (NSIP) since it will have a generation capacity exceeding 100 MW. Low Carbon plans to submit a Development Consent Order (DCO) application to the Planning Inspectorate. Earlier this year, in July 2026, the UK government announced planning reforms aimed at reducing up to 12 months from the approval process for major infrastructure projects in Britain, including solar farms (see Britain Cuts NSIP Planning Process By Up To 12 Months).
Shandong Electric Power Construction Corporation, a subsidiary of POWERCHINA, has secured a contract for a 500 MW/2,000 MWh standalone BESS project in Saudi Arabia. The Saudi Group 1-KSB independent energy storage power station project is part of the country's initial battery storage program, with Saudi Power Procurement Company (SPPC) as the offtaker. Once operational, it is expected to support grid flexibility, improve power supply resilience, and facilitate the integration of renewable energy.
India’s ACME Solar has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 300 MW/1,200 MWh assured peak supply project under the FDRE-IX tranche at a tariff of INR 6/kWh. The project will combine solar power and battery energy storage to supply electricity for four hours daily during non-solar hours, with a minimum monthly availability of 90%. Following the agreement, ACME Solar says its signed PPAs for projects under construction reached 4.31 GW, out of a total contracted capacity of 5.38 GW under construction.
Fortis Green Renewables Investment Management and Zeitinger Invest have invested in GRIPS Energy Group to support the expansion of commercial and industrial (C&I) solar and battery energy storage projects across Sub-Saharan Africa. The investment will finance the acquisition of operational renewable energy assets in Senegal, Botswana, Zambia, and Uganda, while providing growth capital for new projects. GRIPS aims to build a portfolio of more than 100 MW of solar and storage assets by 2030.
