Today’s renewable energy news includes announcements from Alcemi, EDPR, Timor-Leste, among others.
Alcemi Acquires Stakes in 575 MW Romanian BESS Portfolio
UK-based battery storage developer Alcemi has acquired stakes in a portfolio of Romanian battery energy storage system projects totalling 575 MW. The transaction marks the company’s entry into Romania and supports its broader expansion into European energy-storage markets. The portfolio provides Alcemi with a substantial development platform in a country experiencing rapid growth in renewable generation and demand for flexible grid infrastructure. Large-scale batteries can store surplus renewable electricity, provide balancing services and release power during periods of higher demand, helping improve grid stability. Alcemi’s move comes amid accelerating investment in Romania’s storage sector, including new projects, financing initiatives and government support for BESS deployment. The acquisition strengthens the company’s European pipeline while positioning it to participate in Romania’s growing grid-scale energy storage market.
EDPR to Sell 80% Stake in 384 MW California Solar-Storage Portfolio
EDP Renováveis (EDPR) has agreed to sell an 80 percent common equity stake in a 384-MW solar and battery energy storage portfolio in California, continuing the renewable energy developer’s asset-rotation strategy. The transaction covers operating clean-energy assets combining solar generation with battery storage, an increasingly important configuration for California’s electricity market. By pairing photovoltaic generation with storage, the projects can shift renewable electricity to periods of stronger demand and provide additional flexibility to the grid. The deal enables EDPR to recycle capital from operational projects while retaining a minority interest in the portfolio. The transaction also demonstrates continued investor demand for established US solar-plus-storage assets as California expands battery capacity to support its high level of renewable electricity penetration
Timor-Leste Secures Financing for First Utility-Scale Solar-BESS Project
Timor-Leste’s first utility-scale solar and battery energy storage project has secured financing support from the Asian Development Bank (ADB) and its partners, marking an important milestone for the country’s clean-energy transition. The project will combine large-scale photovoltaic generation with battery storage, helping reduce dependence on imported fossil fuels while improving electricity reliability and energy security. Battery capacity will allow excess solar power to be stored and dispatched when required, supporting a more stable electricity system and greater integration of renewable generation. As Timor-Leste’s first development of this scale, the project could establish a foundation for further private and institutional investment in renewable infrastructure. The financing also demonstrates growing international support for solar-plus-storage projects in emerging Asia-Pacific energy markets.
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