The latest renewable energy news includes announcements on Iberdrola, TDI Renewables, Solaria, Marzagan battery energy storage project in Telde, and others.
Iberdrola Secures Environmental Approval for 42.17 MWh Battery Storage Project in Gran Canaria
Spanish electricity company Iberdrola has obtained environmental approval for its Marzagan battery energy storage project in Telde, Gran Canaria. The installation will have approximately 42.172 MWh of storage capacity, with a rated project capacity of 8 MW and inverter capacity of 9.870 MW. The facility will use lithium iron phosphate batteries on an enclosed site measuring approximately 4,408 square metres. A 20 kV underground electricity connection will link the installation to the existing Marzagan substation. Iberdrola previously secured a €3.74 million grant from the European Union’s NextGenerationEU programme. The environmental approval was published on October 15 and remains valid for four years. Construction and commissioning dates were not disclosed.
TDI Renewables Secures €25.5 Million Financing for 58 MWp Solar Project in Romania
UK-based renewable-energy developer TDI Renewables has secured €25.5 million in financing for its 58 MWp Iratosu solar photovoltaic project in Arad County, Romania. The financing was provided by Raiffeisen Bank International. Romanian law firm Vlasceanu & Partners advised TDI Renewables, handling financing documentation, negotiations and the transaction through financial close. Earlier in 2026, TDI appointed Ameresco Sunel Energy, a joint venture between Ameresco and Sunel Group, to construct the photovoltaic facility. TDI Renewables develops, finances, constructs and operates renewable-energy assets across Central and Eastern Europe. Its development activities include Romania, Poland and Bulgaria. The latest financing supports the Iratosu project’s construction programme. Commercial operation timing and electricity offtake arrangements were not disclosed.
Solaria Signs Agreement for 350 MW Solar Power and 500 MW Data Centre Campus in Uruguay
Spanish renewable-energy company Solaria Energía has signed a strategic agreement with the government of Uruguay to develop a data centre campus with up to 500 MW of computing infrastructure capacity, supported by up to 350 MW of solar generation. The project is planned in two phases. The first includes 200 MW of data centre capacity and 350 MW of photovoltaic generation, followed by another 300 MW of data centre capacity. Solaria will develop electrical infrastructure connecting the campus to Uruguay’s 500 kV transmission network. State-owned utility UTE will provide land for the solar plants and purchase their electricity under a power purchase agreement lasting up to 40 years. Final investment and construction schedules remain undisclosed.