The latest renewable energy news includes announcements on Deriva Energy, BW ESS, Lodestone Energy, and others.
Deriva Energy Secures $540 Million Financing for 350 MW Solar Project in Indiana
Deriva Energy has secured approximately $540 million in financing for its 350 MW Sullivan County Power solar project in Indiana, United States. Announced October 21, the financing involves Royal Bank of Canada, DNB Bank, Mizuho Bank, National Westminster Bank and Wells Fargo Securities. The solar facility, located in Sullivan County, is Deriva Energy’s largest project to date and is currently under construction. Commercial operation is scheduled for the second quarter of 2028. Deriva, backed by Brookfield, has approximately 7 GW of wind, solar and battery storage projects operating or under construction. The transaction follows a separate $280 million financing package for its 302 MW Frontier Energy Storage project in Oklahoma.
BW ESS Secures Debt Financing for 400 MW/1,424 MWh Hams Hall Battery Storage Project in UK
BW ESS has arranged debt financing for its 400 MW/1,424 MWh Hams Hall battery storage project in the West Midlands, United Kingdom. Announced October 22, the financing involves OCBC, Rabobank and Société Générale, with each lender providing an equal share. Rabobank will also act as facility agent. The transaction attracted interest from more than 30 lenders. Located in North Warwickshire, the battery is expected to support electricity demand equivalent to approximately 1.3 million homes for 3.5 hours. Commercial operation is targeted for Q4 2026. Hams Hall forms part of BW ESS’s 2.6 GWh Ardenham portfolio, jointly owned with AIP Management. Financial consideration was not disclosed.
Lodestone Energy Raises NZ$75 Million Through Solar IPO, Targets 16–18 Solar Farms by 2032
New Zealand renewable-energy developer Lodestone Energy completed its initial public offering and began trading on the New Zealand Exchange on October 22, 2026. The company raised NZ$75 million, approximately $43 million, by issuing shares at NZ$2.25 each. The listing values Lodestone at approximately NZ$440 million, with an enterprise value of NZ$513.6 million. Around 10,000 new shareholders participated. Lodestone operates five solar farms generating electricity equivalent to the annual consumption of more than 33,000 households. A sixth facility is under construction. IPO proceeds will support new solar projects and electricity retail expansion. The company targets 16–18 operational solar farms by FY2032.
