Squadron Energy has completed a refinancing of its Australian renewable energy portfolio, securing total debt commitments of more than AU$2.7 billion (US$1.76 billion).
Australian developer Edify Energy has reached financial close on the Ganymirra and Majors Creek solar-plus-storage projects near Townsville in North Queensland, featuring 360MWp of solar generation and 300MW/1,200MWh of battery storage.
The Spanish Ministry of Ecological Transition (MITECO) has awarded €360 million (US$415 million) to 1.14GW of solar PV co-located with battery energy storage system (BESS) projects.
IPP Prosalia has commissioned a 15MW/60MWh battery storage system at a solar PV plant in Portugal, while power group EDP has added one to a hybrid wind and solar project in Spain.
Sodium-ion BESS startup Moonwatt expects the battery chemistry to reach price cost parity with lithium iron phosphate (LFP) in the next two or three years, according to its CCO, Valentin Rota.
Chinese battery manufacturer CATL will supply 2,400MWh of battery energy storage systems (BESS) for Edify Energy’s Smoky Creek and Guthrie’s Gap Solar Power Stations in central Queensland.