Today’s renewable energy news includes announcements on Grenergy, Power Grid, Tata Power, CPS Energy, among others.
Grenergy Secures Banco Santander Financing for 172-MW Solar Park in Spain
Grenergy has secured debt financing from Banco Santander for a 172-MW solar photovoltaic project in Spain, advancing large-scale renewable deployment. The project features proven utility-scale solar PV technology designed for high efficiency and long-term performance. Innovation is reflected in structured project financing that supports capital-efficient development and risk mitigation. From an investment perspective, the deal unlocks significant funding, enabling construction and accelerating asset monetisation. Consumer benefits include additional low-cost, clean electricity, reduced emissions, and enhanced energy security within Spain’s power system. Strategically, the financing aligns with Grenergy’s focus on scaling bankable solar assets in core European markets. The transaction supports clear growth plans, strengthening Grenergy’s pipeline execution, reinforcing lender confidence, and supporting continued expansion of its solar portfolio across Spain.
Power Grid and Tata Power Drive India’s Energy Infrastructure Expansion
Power Grid has been awarded a major inter-state transmission project connecting the Southern and Eastern grids, featuring 765 kV ultra-high-voltage lines in Odisha and Andhra Pradesh. The project enhances grid stability and efficiency, enabling smoother inter-regional power flows and supporting renewable integration. Consumer benefits include more reliable electricity supply and reduced congestion. Strategically, the project strengthens national transmission networks, underpinning growth plans for a modern, resilient grid. Meanwhile, Tata Power is set to finalize a Rs 6,500 crore, 10 GW wafer-ingot solar manufacturing project across Odisha, Tamil Nadu, and Andhra Pradesh by January. Leveraging advanced solar manufacturing technology, the initiative promotes domestic production, lowers module costs, and accelerates clean energy deployment. The project supports Tata Power’s strategy and growth plans in India’s solar sector, enhancing energy security and sustainability.
CPS Energy Issues RFP for 500-MW Battery Storage CPS Energy has issued a request for proposals (RFP) for 500 MW of battery energy storage systems (BESS), signaling a major step toward enhancing grid flexibility in its service area. The initiative highlights advanced utility-scale battery technology designed to provide fast-response capacity, peak-shaving, and renewable integration. Innovation is reflected in the procurement of large-scale storage to support grid reliability, decarbonisation, and energy market efficiency. From an investment perspective, the RFP opens opportunities for significant capital deployment by developers and suppliers. Consumer benefits include improved power reliability, reduced outages, and better utilisation of renewable electricity. Strategically, the move aligns with CPS Energy’s focus on modernising its infrastructure and integrating more low-carbon resources. The RFP supports clear growth plans, enabling the utility to expand flexible capacity and accelerate its transition toward a resilient, net-zero energy system.
FAHEEMA P