Today’s renewable energy news includes announcements from DESRI, Hecate, Waaree Energies, and others.
DESRI Provides Preferred Equity for Linea Energy’s 235 MW Texas Battery Project
D. E. Shaw Renewable Investments (DESRI) has backed Linea Energy’s 235 MW battery energy storage system (BESS) project in Texas through a preferred equity investment. The financing supports development and construction of the large-scale standalone battery facility, designed to enhance grid flexibility in the ERCOT market. The 235 MW BESS will deliver critical services such as peak load management, frequency regulation, and renewable energy integration, helping stabilize Texas’ increasingly dynamic power system. Preferred equity funding strengthens the project’s capital structure while enabling long-term value creation. The investment underscores strong institutional appetite for utility-scale energy storage assets and highlights continued momentum in Texas’ fast-growing battery storage sector.
Hecate Sells 2 GW Washington Solar and BESS Portfolio to Shell’s Savion
Hecate Energy has agreed to sell a 2 GW solar and battery energy storage system (BESS) portfolio in Washington State to Savion, a subsidiary of Shell. The transaction marks one of the largest renewable energy portfolio deals in the region, significantly expanding Savion’s US development pipeline. The portfolio includes utility-scale solar projects paired with battery storage, designed to enhance grid reliability and support Washington’s clean energy targets. The integration of BESS will enable flexible power delivery and improved renewable energy utilization. The deal underscores continued consolidation in the US renewable sector and reflects strong demand for large-scale solar-plus-storage assets as major energy companies accelerate their clean energy investment strategies.
Waaree Energies Selects Andhra Pradesh for USD 8.2 Billion Battery Gigafactory
Waaree Energies has chosen Andhra Pradesh as the location for its proposed USD 8.2 billion battery gigafactory, marking a major investment in India’s clean energy manufacturing sector. The large-scale facility is expected to produce advanced battery cells to support electric vehicles (EVs) and grid-scale energy storage systems. The gigafactory will significantly boost domestic battery production capacity, reduce reliance on imports, and strengthen India’s renewable energy and e-mobility supply chain. The investment aligns with national initiatives promoting local manufacturing and energy transition technologies. The project is expected to generate substantial employment opportunities and attract additional investment in the region, positioning Andhra Pradesh as a key hub in India’s rapidly expanding battery and energy storage ecosystem.
FAHEEMA P