The latest renewable energy news includes announcements on Crux, Avantus, Tasmania’s $680 Million Transmission Project, and others.
Crux Closes $215 Million Tax Equity Deal for Invenergy’s 240 MW Ohio Solar Project
Clean-energy capital platform Crux has closed a $215 million tax equity investment supporting Invenergy’s 240 MW Pleasant Prairie Solar Energy Center in Franklin County, Ohio. The transaction gives Invenergy a substantial financing component for the utility-scale photovoltaic project while demonstrating continued institutional appetite for U.S. renewable-energy tax-credit structures. Pleasant Prairie will add large-scale solar generation to the PJM-linked regional market as utilities and corporate buyers seek additional clean electricity. Crux has positioned its platform around transactions involving transferable clean-energy tax credits and traditional tax equity created under U.S. federal incentives. The financing also illustrates the growing size of capital packages required to move several-hundred-megawatt solar projects from development into construction and commercial operation.
Avantus Secures $300 Million Tax Equity for 150 MW Solar and 452 MWh Aratina 2 Battery Project
Avantus has secured a $300 million tax equity commitment for the Aratina 2 solar-plus-storage project in Kern County, California. The development combines 150 MW of photovoltaic generation with 452 MWh of battery storage, allowing solar electricity to be shifted into evening and higher-value demand periods. Aratina 2 sits alongside Avantus’ broader California renewable portfolio and follows more than $525 million of construction debt previously arranged for the project. Avantus has a development pipeline of around 24 GW, including roughly 13 GW of solar paired with 44 GWh of battery storage. The latest financing reinforces the role of combined debt and tax-equity structures in funding increasingly storage-heavy utility-scale renewable projects across the western United States.
Tasmania’s $680 Million Transmission Project Clears Major Planning Milestone
A major Tasmanian electricity-transmission development valued at approximately USD 680 million has cleared a planning hurdle, advancing infrastructure needed to unlock additional renewable generation and strengthen interconnection capacity. Transmission investment is becoming a critical component of Australia’s energy transition because new wind, solar and battery projects increasingly depend on stronger high-voltage networks to reach demand centres. Tasmania has significant wind and hydro resources and is positioning itself to play a larger role in the National Electricity Market as new generation and storage projects progress. The planning decision reduces regulatory uncertainty and moves the project closer to detailed construction and procurement stages. Grid projects of this scale are increasingly viewed as enabling infrastructure rather than secondary investments because generation capacity cannot expand efficiently without parallel transmission upgrades.
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