Today’s renewable energy news includes announcements from Exponent, European Energy, Verano Energy, among others.
European Energy Secures £58.1 Million for UK Solar-Storage Project
European Energy has secured £58.1 million, equivalent to US$78.5 million or €68 million, from Danske Bank for its Indian Queens hybrid renewable-energy project in Cornwall, UK. Construction began in May 2026 and grid connection is expected during the first half of 2027. The development combines a 67.96 MW, or approximately 68 MW, solar photovoltaic plant with a 47.5 MW/95 MWh battery system through a single grid connection. The solar park will generate around 60 GWh annually. A corporate power purchase agreement supports solar revenue, while a Capacity Market Contract covers the battery. The configuration will store surplus electricity, maximise existing grid infrastructure, improve flexibility and supply renewable power during peak-demand or low-solar-generation periods.
Verano Selects Sungrow for 135 MW Solar and 606 MWh Chile BESS
Verano Energy has selected Sungrow technology for its Observatorio solar-plus-storage project in Marchigüe, Chile’s O’Higgins region. The project will combine a 135 MW photovoltaic facility using Sungrow SG350HX-20 inverters with a 152 MW/606 MWh PowerTitan 2 liquid-cooled battery system. The companies have signed a 25-year service agreement covering the storage facility. Verano Energy has a renewable pipeline exceeding 2.5 GW and more than 2 GWh of planned storage across Chile and Colombia. Its Chilean portfolio also includes the 83 MWp Domeyko Solar and BESS project, featuring 660 MWh of storage and US$204 million in financing. Observatorio will shift solar output to high-demand periods, limit curtailment, improve grid flexibility and support Chile’s clean-energy transition.
Exponent Deal Values H&MV Engineering at €1.4 Billion
Exponent is leading a funding transaction valuing high-voltage infrastructure specialist H&MV Engineering at approximately €1.4 billion. The deal involves an approximately €750 million continuation vehicle and introduces Apollo S3, Pantheon and SQ Capital as investors. H&MV’s revenue has increased from €61 million in 2020 to an expected €1 billion in fiscal 2026, while its workforce has expanded from 300 to more than 1,900 employees. Supported by a €2 billion order book and €16 billion project pipeline, the company aims to generate €3 billion in annual revenue within five years and expand its global workforce to 3,000. The capital will support US expansion, hiring, strategic acquisitions and high-voltage infrastructure services for data centres, electricity grids, renewables and battery projects.
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