Norges Bank Investment Management (NBIM) has committed €1.2 billion to Copenhagen Infrastructure Partners’ (CIP) sixth flagship renewable energy fund, CI VI. NBIM said CI VI will primarily invest in renewable power generation and energy storage projects across OECD countries in North America, Western Europe, and the Asia-Pacific region. The investment builds on NBIM’s partnership with CIP, following a €900 million commitment to CIP’s fifth flagship fund in 2024 (see Norway Commits €900 Million To CIP’s Renewable Energy Fund). In March 2025, CIP said its CI V fund exceeded the target of €12 billion to support grid connection of 30 of new energy capacity (see Danish Fund Manager Exceeds €12B Target For New RE Fund).
The renewable energy business of Australia’s Igneo Infrastructure Partners, Atmos Renewables, has reached financial close on two projects backed by Australia’s Capacity Investment Scheme (CIS). The projects comprise the 400 MW/1,600 MWh Teebar Battery Energy Storage System (BESS) in Queensland and the 470 MW Parron Maam Marang Wind Farm in Western Australia. Together with the 100 MW/400 MWh Merredin BESS, which reached financial close in June 2025, Atmos says it has now taken 970 MW of CIS-backed capacity through financial close. Teebar BESS will provide 4 hours of storage, storing electricity when supply is abundant and dispatching it during periods of higher demand. Atmos will retain ownership of both projects through construction and operate them once completed.
Austrian independent power producer (IPP) Renalfa IPP and Danish renewable energy developer Eurowind Energy have inaugurated the Tenevo hybrid renewable energy complex in southeastern Bulgaria. The project combines a 242 MW solar PV plant with two co-located BESS totaling 311 MW/773 MWh. The Tenevo complex is expected to generate around 332 GWh of clean electricity annually. The solar plant and the first phase of the BESS have been operational since 2025, while the project has now reached its full announced storage capacity. The duo calls it one of Europe's largest hybrid renewable energy projects. Financed by the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International, with support from an InvestEU guarantee, the project is located next to a coal region undergoing transition. The Tenovo site is planned to expand with more than 250 MW of wind capacity, with total investment across all phases expected to exceed €500 million.
US-based developer and manufacturer of iron-sodium battery systems Inlyte Energy and CutPeak Energy have announced plans for an 80 MWh long-duration BESS at Berkshire East Mountain Resort in western Massachusetts. CutPeak Energy develops battery storage projects at ski resorts. The project is targeted to come online in 2028. The project is one of two long-duration storage demonstrations selected under Massachusetts’ $40.3 million Advancing Massachusetts Power (AMP) Energy Storage Grant Program. The battery will help the resort manage electricity demand from snowmaking, which can reach about 4 MW during peak periods, while also providing backup power during grid outages. Inlyte says the project is designed to charge during periods of lower electricity demand and discharge during snowmaking peaks.
European BESS projects operator GIGA Storage has achieved ready-to-build (RTB) status for its 350 MW/1.4 GWh Albatross battery energy storage project near Neuenkirchen in Lower Saxony, Germany. It is developing the project with Isenau Projects and will connect directly to Amprion’s 380 kV high-voltage grid. The project will comprise 264 battery units and is expected to supply electricity equivalent to the daily consumption of approximately 193,000 households. With the development phase completed, GIGA Storage plans to take the final investment decision (FID) in Q4 2026, start construction in H1 2027, and commission the project in 2028. Albatross is GIGA Storage’s first large-scale energy storage project in Germany. It is one of three projects being jointly developed by GIGA Storage and Isenau, with the three projects together representing more than 1 GW of power capacity and 4 GWh of storage capacity.
Global energy infrastructure manager Copenhagen Infrastructure Partners (CIP) has taken the FID on the Kilmarnock South BESS in southern Scotland. The company is investing more than €270 million in the 350 MW/1,400 MWh lithium-ion project. Construction is already underway, and it is expected to begin commercial operations in Q1 2028. The 4-hour BESS will store surplus wind power and discharge electricity to the grid when network capacity is available. CIP said this project is its fourth transmission-connected BESS investment in Scotland. It has an optimization agreement with Shell Energy Europe, ensuring long-term contracted revenue. Together, CIP shared that its four Scottish projects are expected to provide 1.85 GW of power capacity and 4.4 GWh of storage when fully operational.
Excelsior Energy Capital-backed Lydian Energy has closed a $300 million holding company credit facility with Infranity, an infrastructure asset manager. Lydian will use the proceeds for the development, construction, acquisition, and operation of its utility-scale battery energy storage and solar projects across the US. Lydian said its portfolio includes about 6 GW of operating, construction-ready and development-stage projects. In April 2026, Lydian acquired 1.5 GW Atlas North solar-plus-storage portfolio from Hanwha Renewables (see Lydian Energy Acquires Hanwha’s 1.5 GW Atlas North Portfolio).
