Shreeyashi Ojha

A roundup of European solar stories, with developments from Sonnedix, Helleniq, Nuveen Infrastructure and Nord/LB.

Spanish independent power producer (IPP) Zelestra has secured a US$176 million green financing package for its 242MWdc Babilonia solar project in Peru. 

Renewable energy platform Lyra Energy has reached financial close on its 255MW solar PV project in Thakadu, South Africa.

French energy major TotalEnergies has initiated pilot operations of the first generating unit at its 1GW solar farm in Iraq’s Basra region.

Origis Energy has secured US$545 million in financing for three utility-scale solar projects with a combined capacity of 413MW in Texas.

Spanish independent power producer (IPP) Zelestra has begun the construction of 253MWdc Echols Grove and 188MWdc Cedar Range projects in Texas.

A consortium of companies led by Global Infrastructure Partners (GIP), a subsidiary of global asset owning giant BlackRock, is set to acquire US utility AES Corporation in a US$10.7 billion deal. 

Average PV equipment costs for large-scale solar projects in India showed mixed trends in Q4 2025, said Mercom.

Virya Energy has secured US$99 million (€85 million) in equity from EBRD to acquire and scale a portfolio of solar PV projects in Poland.

India is expected to add 42.5GW of new solar capacity in 2026, according to research analyst JMK Research’s Q4 2025 (Oct-Dec) India RE Update report.