Today’s renewable energy news includes announcements from IFC, Mizuho, Metlen, and others.
IFC Considers Backing 90 MWp Solar-BESS Project in Timor-Leste
The International Finance Corporation (IFC) is considering support for a 90 MWp solar power project paired with battery energy storage (BESS) in Timor-Leste, a move that could significantly strengthen the country’s clean energy infrastructure. The project aims to deploy solar-plus-storage technology to improve power reliability, grid stability, and energy access in an emerging market heavily reliant on fossil fuels. The potential investment underscores IFC’s focus on innovation-driven renewable solutions and sustainable development. Customers and communities would benefit from lower electricity costs, reduced emissions, and improved energy security. If approved, the project would mark a major step in Timor-Leste’s energy transition, demonstrating the role of multilateral financing in accelerating renewable deployment in developing economies.
Japan’s Mizuho to Install 10 MW Battery Energy Storage System in Hiroshima
Japanese financial group Mizuho has announced plans to install a 10 MW battery energy storage system (BESS) in Hiroshima, expanding its involvement in energy storage and grid-support solutions. The project will deploy advanced battery technology to enhance grid flexibility, stability, and peak load management as renewable energy capacity increases. The investment reflects Mizuho’s focus on innovation and sustainable infrastructure, supporting Japan’s decarbonization and energy security goals. Grid operators and end users are expected to benefit from improved reliability, faster response times, and more efficient power balancing. The initiative highlights the growing role of financial institutions in clean energy deployment and underscores the importance of battery storage in Japan’s evolving power system.
Metlen Wins Solar EPC Contracts in UK and Ireland, Signs Italy BESS Deal
Greece-based Metlen has secured new solar EPC contracts in the UK and Ireland and signed a battery energy storage system (BESS) agreement in Italy, expanding its footprint across key European renewable markets. The projects will deploy advanced solar and storage technologies, supporting reliable clean power generation and grid flexibility. The awards highlight Metlen’s focus on innovation, efficient project delivery, and customer-focused solutions. By combining EPC expertise with energy storage deployment, the company delivers cost-effective, low-carbon energy infrastructure for utilities and commercial clients. The deals reinforce strong demand for integrated renewable solutions and position Metlen for continued growth as Europe accelerates its energy transition and decarbonization strategy.
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