The latest renewable energy news includes announcements on Future Biogas, ZE Energy, PowerBank, Vert solar and battery project, and others.
Future Biogas Acquires Remaining 49% Stake in Six UK Biomethane Plants for £104 Million
UK renewable-gas producer Future Biogas has acquired the remaining 49 percent ownership interest in six anaerobic digestion plants from Foresight Environmental Infrastructure for £104 million. Announced October 26, the transaction gives Future Biogas complete ownership of the portfolio. The six gas-to-grid facilities have previously been reported to produce approximately 333 GWh of renewable gas annually. Future Biogas, backed by 3i Infrastructure, acquired the initial 51 percent stake in August 2024 for £68.1 million. Full ownership will allow the company to pursue capacity expansions, operational improvements and additional investment opportunities. The seller plans to use proceeds to reduce borrowing and finance other infrastructure commitments.
ZE Energy Sells 49% Stake in 77 MW Solar and 29.6 MWh Battery Project in France
French renewable-energy developer ZE Energy has agreed to sell a 49 percent stake in its Vert solar and battery project to regional Crédit Agricole entities and investment fund Terra Energies. Announced October 26, the transaction covers an operational facility combining 77 MW of solar capacity with 29.6 MWh of lithium-ion battery storage. Located in the Landes department, the project occupies approximately 67 hectares and generates around 90 GWh annually. Electricity is supplied to telecommunications company Orange under a 15-year corporate power purchase agreement. Terra Energies’ participation is expected to be completed before the end of 2026. ZE Energy plans to reinvest transaction proceeds in additional projects, targeting 1.5 GW by 2030.
PowerBank Completes C$25.4 Million Refinancing Across 53 Operating Solar Projects
North American renewable-energy company PowerBank Corporation has completed a C$25.4 million refinancing covering 53 operating solar projects. Announced October 26, the transaction reduces outstanding project loan principal by approximately C$4.2 million, or 14 percent. The refinancing consolidates 50 credit agreements involving three lenders into one facility with a Canadian bank. PowerBank expects the transaction to release approximately C$5 million in net cash while reducing scheduled debt payments, banking fees and administrative costs. The company will also bring operations and maintenance for 49 solar installations in-house. The transaction covers assets held through 14 project companies and supports PowerBank’s operating renewable-energy portfolio.