The latest renewable energy news includes announcements on Greenvolt, Egypt Renewables, Alcazar Energy, Scatec, and others.
Greenvolt Agrees €391.5 Million Sale of 400 MW/1.6 GWh Battery Storage Portfolio in Poland
Portuguese renewable-energy developer Greenvolt Group has agreed to sell two battery storage projects in Poland to Malta-based A&R Investments in a transaction worth up to €391.5 million. Announced October 23, the agreement covers the Ełk and Turośń Kościelna facilities, each providing 200 MW of power and 800 MWh of storage. The purchase consideration includes €311.5 million in fixed payments and up to €80 million contingent on grid-balancing authorisations. Both projects were completed in Q3 2026 and have secured 17-year capacity market contracts beginning in 2028. Statkraft will provide market optimisation services. Transaction completion is expected before the end of 2026, subject to customary conditions.
EBRD Commits Up to $221 Million to Scatec Renewable Energy Platform Targeting 3.6 GW in Egypt
The European Bank for Reconstruction and Development has committed an equity investment of up to $221 million in Egypt Renewables Holdings, a renewable-energy investment platform established by Norwegian developer Scatec. Announced October 23, the platform targets 2.7 GW of solar generation, 900 MW of wind capacity and 4.2 GWh of battery storage. Scatec will retain a 60 percent ownership stake, while the development bank will hold 40 percent. The vehicle will finance acquisitions, development and construction across Egypt, with potential expansion into neighbouring markets. Initial investments will involve interests in the Obelisk, Shadwan, Egypt Aluminium and Energy Valley projects. The investment supports Egypt’s energy security and renewable-generation expansion programme.
Alcazar Energy Secures $437 Million Financing for 500 MW Wind Projects in Egypt
UAE-based renewable-energy investor Alcazar Energy Partners has secured approximately $437 million in long-term financing for two wind farms in Egypt. Announced October 22 and reported October 23, the financing supports the 250 MW Niat and 250 MW Rasgha projects near Ras Ghareb on the Red Sea coast. Total investment is estimated at $580 million. DEG, the European Bank for Reconstruction and Development and European Investment Bank are providing approximately equal financing commitments. DEG’s contribution totals $145.5 million. The wind farms are expected to generate more than 2.3 TWh annually, supplying electricity equivalent to consumption by approximately 300,000 households. Electricity will be sold under 25-year power purchase agreements.
