Today’s renewable energy news includes announcements Zelestra, ILOS Energy, Canadian Solar, among others.
Azerbaijan Signs Agreement to Advance Offshore Wind Development
Azerbaijan has signed a new agreement with Masdar to advance the development of large scale offshore wind capacity, marking a major step in its clean energy transition. The deal includes collaboration on technology, site assessment, and investment planning for future offshore projects that could reach multi gigawatt scale. Masdar will bring expertise in turbine technology, digital design, and marine engineering to support early development. Strategically, the partnership strengthens Azerbaijan’s plan to diversify its energy mix and position itself as a regional renewable hub. The investment is expected to accelerate grid decarbonization, attract more international developers, and create long term economic opportunities. For consumers, expanded offshore wind can deliver more stable, low cost renewable electricity and improved energy security.
Zelestra Wins 60 MW in Italy’s FER X Renewable Auction
Zelestra has secured 60 MW of renewable capacity in Italy’s latest FER X auction, strengthening its strategy to expand solar and wind development across the country. The awarded projects will use modern, high efficiency technology designed to boost output and lower lifecycle costs. The win reflects continued investment momentum in Italy’s clean energy sector as the government accelerates deployment to meet national climate targets. For Zelestra, the auction success supports its long term growth plans and enhances its project pipeline in key Italian regions. Consumers benefit from increased availability of stable, low cost renewable power that improves energy security and reduces dependence on fossil fuels. The result underscores Italy’s commitment to competitive tendering and accelerating market driven clean energy expansion.
ILOS Energy Secures EUR 143 Million Financing for Cork Solar Portfolio
ILOS Energy has closed a EUR 143 million financing deal to advance its Cork solar portfolio in Ireland, supporting the development of multiple large scale PV projects. The funding package will enable construction using high efficiency solar technology and optimized grid integration solutions. The investment strengthens ILOS Energy’s strategy to accelerate renewable deployment in key European markets and expand its long term project pipeline. The company’s growth plans focus on delivering utility scale solar with strong financial backing and advanced engineering standards. For Ireland, the projects will add new clean generation capacity, support national climate goals, and enhance energy security. Consumers benefit from increased access to stable, low cost renewable electricity as the Cork portfolio progresses toward completion.
Canadian Solar Advances U.S. Reshoring with New CSI Solar Supply Deals
Canadian Solar is accelerating its U.S. reshoring strategy through new long-term supply agreements under its CSI Solar division. The deals support the expansion of its Texas-based module factory and upcoming ingot, wafer, cell, and module facilities in Indiana, strengthening a fully domestic value chain. This move aligns with IRA incentives, boosts U.S. manufacturing capacity, and enhances supply security for utility-scale developers. The company aims to deliver high-efficiency N-type TOPCon modules, improving project performance and grid reliability. Investors benefit from reduced geopolitical risk, while customers gain access to compliant, U.S.-made products for tax credit qualification. The agreements reinforce Canadian Solar’s growth plans and commitment to expanding American clean-energy manufacturing.
Faheema P