The latest renewable energy news includes announcements from Lirion Power, PAD RES, Gulf Development, Global Infrastructure Partners, and others.
Lirion Power Acquires 77 MW Irish Wind Portfolio from GIP
Irish renewable-energy operator Lirion Power has agreed to acquire five operating onshore wind farms totalling 77 MW from Global Infrastructure Partners, increasing its Irish portfolio to approximately 200 MW. The transaction covers the Acres, Barranafaddock, Knockaneden, Ballagh and Raragh 2 wind farms across Donegal, Waterford, Kerry, Limerick and Meath. The facilities use GE and Enercon turbines with individual ratings ranging from 2.3 MW to 2.85 MW. Lirion, backed by HitecVision and Reinova Partners, plans to increase the value of the assets through operating-life extensions, repowering and hybridisation, potentially adding solar generation and battery storage at existing grid-connected locations. Completion of the acquisition is expected shortly.
PAD RES Secures PLN 192.5 Million for 133 MW Polish Solar Portfolio
Polish renewable-energy investor PAD RES Group has secured PLN 192.5 million, approximately $50 million, in long-term financing from UniCredit Polska for three solar projects totalling 133 MW. The portfolio includes the 90 MW Krapkowice, 18 MW Strzelce Opolskie and 25 MW Gromadka photovoltaic projects in southwestern Poland. All three solar farms are under construction and will remain in PAD RES’s ownership after completion. Combined annual generation is expected to reach approximately 140 GWh, equivalent to electricity consumption by about 47,000 households. PAD RES is majority-owned by a joint venture between Kajima Partnerships and Griffin Capital Partners and is pursuing a Polish renewable-development pipeline exceeding 3 GW.
Gulf Development Buys Stakes in 336.7 MW Thai Renewable Portfolio
Gulf Development subsidiary Gulf Renewable Energy has acquired 50 percent stakes in renewable project companies representing 336.7 MW of contracted capacity in Thailand. The assets include six solar projects totalling 209.4 MW, including a 33 MW solar project incorporating battery energy storage, plus a 90 MW wind farm and additional renewable capacity. The solar projects are scheduled to enter commercial operation between 2027 and 2030, while the wind project is targeted for 2030. The investment expands Gulf’s domestic renewable pipeline through partnership with Gunkul-related project companies. The transaction gives Gulf exposure to a diversified mix of solar, wind and storage-backed generation scheduled to progressively enter Thailand’s electricity market over the remainder of the decade.
