Today’s renewable energy news includes announcements from Axpo, Engie, NextEra U, and others.
Axpo Secures Revenue Hedge for 124 MW Battery Project in Bulgaria
Axpo has sealed a revenue hedge agreement for a 124 MW battery energy storage system (BESS) in Bulgaria, strengthening the project’s financial stability and bankability. The deal provides structured revenue certainty, helping mitigate market price volatility and supporting long-term investment returns. The large-scale battery will deliver grid balancing services, frequency regulation, and energy arbitrage, playing a key role in integrating renewable energy into Bulgaria’s power system. As Southeast Europe accelerates wind and solar deployment, flexible storage assets are becoming increasingly critical for grid reliability. The revenue hedge underscores growing sophistication in battery project financing models, with developers leveraging structured agreements to unlock capital and advance utility-scale storage deployment across emerging European markets.
Engie Approved to Begin Operations at 116 MW Battery Storage Project in Chile
Engie has received regulatory approval to commence operations at its 116 MW battery energy storage system (BESS) in Chile, marking a significant milestone in the country’s expanding storage market. The utility-scale battery is designed to enhance grid flexibility, support renewable integration, and provide ancillary services in Chile’s power system. The project will help manage intermittency from large-scale solar and wind generation, enabling more efficient energy dispatch and improved system stability. Chile has emerged as a leading Latin American market for battery storage as it accelerates decarbonization and phases out coal-fired power plants. The 116 MW BESS strengthens Engie’s renewable portfolio in Chile and underscores continued investment in grid-scale storage to support the country’s clean energy transition.
NextEra Unit Cleared to Build 100 MW Battery at North Dakota Wind Farm
A NextEra Energy subsidiary has received approval to construct a 100 MW battery energy storage system (BESS) at a wind farm in North Dakota. The project will enhance grid reliability by storing excess wind generation and dispatching power during periods of high demand or low wind output. The battery installation will improve the operational flexibility of the wind facility, enabling better participation in energy and ancillary service markets. Co-locating storage with wind assets is a growing strategy to maximize renewable output and reduce curtailment. The 100 MW BESS underscores increasing investment in hybrid renewable-plus-storage projects across the United States, supporting grid stability and accelerating the transition to a more resilient, low-carbon power system.
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