Today’s renewable energy news includes announcements from Solar Power, Aboitiz-Led Group, NineDot, and others.
Solar Power Hits 4.9 GW ‘Sweet Spot’ in UK AR7a CfD Auction
Solar power has secured around 4.9 GW of capacity in the UK’s AR7a Contracts for Difference (CfD) auction, with developers describing the outcome as a “sweet spot” for the sector. The result reflects strong project economics, improved cost structures, and renewed confidence in large-scale UK solar development. The awarded capacity is set to unlock significant private investment, supporting rapid deployment of utility-scale solar projects across the country. For consumers, AR7a-backed solar will deliver affordable, low-carbon electricity and help reduce exposure to volatile gas prices. The strong showing also reinforces solar’s role alongside onshore wind in delivering quick-to-build renewable capacity, supporting UK energy security, decarbonisation, and net-zero targets while strengthening domestic supply chains.
Aboitiz-Led Group Acquires 797-MW Philippine Hydro Pumped Storage Site
An Aboitiz-led consortium has acquired a 797-MW hydro pumped storage site in the Philippines, strengthening the country’s pipeline of large-scale energy storage assets. The project is designed to provide long-duration storage, enabling excess renewable power to be stored and dispatched during peak demand periods. The acquisition reflects rising investment interest in pumped hydro, which plays a critical role in balancing grids with growing solar and wind capacity. For the Philippine power system, the project will enhance grid stability, energy security, and system flexibility, while supporting long-term decarbonisation goals. For consumers, pumped storage can help reduce price volatility and improve reliability. The deal underscores Aboitiz’s strategy to expand its clean energy portfolio and support the Philippines’ transition to a more resilient, low-carbon power mix.
NineDot Closes Financing for 124-MW / 494-MWh BESS Portfolio in New York City
NineDot Energy has closed financing for a 124-MW / 494-MWh battery energy storage system (BESS) portfolio in New York City, advancing one of the largest urban storage build-outs in the US. The portfolio will deliver critical grid flexibility, peak shaving, and reliability services in a densely populated power market. The financing highlights strong investor confidence in stand-alone and urban BESS assets, supported by New York’s storage targets and market incentives. For the grid and consumers, the projects will improve resilience, reduce congestion, and lower emissions by enabling greater use of renewable power and reducing reliance on peaking fossil plants. The milestone aligns with NineDot’s strategy to scale city-based energy storage, supporting decarbonisation, energy security, and cleaner air in New York City.
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