Today’s renewable energy news includes announcements on NextEra, Dominion, Lords LB, Enfinity, among others.
NextEra and Dominion Seek Approval for USD 420 Billion Merger
NextEra Energy and Dominion Energy have filed applications with US federal and state regulators to approve their proposed merger, which would create a utility group with more than 110 GW of electricity generation capacity. Valued at USD 420 billion (EUR 366.2 billion) in combined enterprise value, the transaction is expected to close in the second half of 2027, subject to regulatory and shareholder approvals. Dominion shareholders will receive 0.8138 NextEra shares for each Dominion share, resulting in ownership of approximately 74.5 percent for NextEra shareholders and 25.5 percent for Dominion shareholders. The combined company would serve about 10 million customer accounts across 49 US states, inherit the 2.6-GW Coastal Virginia Offshore Wind project, and provide USD 2.25 billion in shareholder-funded customer bill credits.
Lords LB Starts 40.8 MW Wind Farm with BESS in Lithuania
A fund managed by Lords LB Asset Management has begun construction of the 40.8-MW Surdegis wind farm with an integrated 4-MW/16-MWh battery energy storage system in the Anyksciai region of northeastern Lithuania. Developed by Green Energy Growth Sub-fund I and financed through long-term debt from national development bank ILTE, the project is scheduled to begin operations in 2028. The wind farm is expected to generate around 131,000 MWh of renewable electricity annually, enough to power approximately 58,000 households, while avoiding nearly 22,000 tonnes of CO₂ emissions each year. Germany’s Nordex will supply 6 wind turbines with 175-metre rotor diameters and provide maintenance services for 35 years. The fund is also developing a 55.6-MW solar project in Lithuania.
Enfinity Sells 49.9 percent Stake in 600 MWh Italian Battery Project
Enfinity Global has agreed to sell a 49.9 percent stake in a 150-MW/600-MWh battery energy storage system (BESS) project in Livorno, Tuscany, to E Energy Invest, the investment vehicle of the Strioga Family Foundation. Enfinity will retain a 50.1 percent controlling interest and remain responsible for completing development, construction and long-term asset management. The fully authorised project forms part of Enfinity’s 6.7-GW battery storage portfolio in Italy, supporting grid flexibility and renewable energy integration. The transaction marks the Strioga Family Foundation’s entry into the Italian energy market. Backed by a EUR 100 million (USD 114.6 million) endowment, the foundation has now committed investments exceeding 2.5 GWh across European battery energy storage projects. Financial terms of the deal were not disclosed.
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