project acquisition

Global tech giant Amazon has been approved as the buyer of the 1.2GW Sunstone solar project in Oregon, one of the largest solar PV projects in the US.

A round-up of news coming from Europe, with IPP Encavis acquiring a 265MW solar PV portfolio in Italy, Iberdrola starting construction on 366MW of solar PV in its home country and IPP Sonnedix signing a renewables supply agreement with a subsidiary of Volkswagen in Spain.

The construction of the Lidsø solar park started in the summer of 2024 and it is expected to be commissioned this summer.

This is JERA Nex’s first foray into the US solar market and was executed in partnership with JERA Americas.

Orlen Wind 3 has acquired a solar portfolio in Poland, where expansion work is currently underway to expand the capacity to 280MW.

Global power platform Nala Renewables has acquired a 34MW PV portfolio in Lithuania from Lithuanian renewable power developer Green Genius.

Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.

German renewables company BayWa r.e has sold a 95MW solar PV plant in Spain to independent power producer Encavis Asset Management.

Southeast Asian independent power producer (IPP) Levanta Renewables has acquired a 139.4MWp operational solar PV portfolio in Thailand.

US renewable energy company RWE Clean Energy has acquired 400MW of Solar PV and 199MW of standalone battery energy storage system (BESS) assets from Galehead Development.