The latest renewable energy news includes announcements on OCI Energy, Exus Renewables, Petrogas E&P, Bio3Energy, and others.
OCI Energy Sells 327 MW Texas Solar Project to Hyundai Engineering
OCI Energy has sold its 327 MWdc Clairemont Solar project in Kent County, Texas, to Hyundai Engineering. The project is under development, with construction scheduled to begin in the third quarter of 2027 and completion expected in the third quarter of 2029. This is the second solar project transaction between the companies. In 2024, Hyundai Engineering acquired OCI Energy’s 260 MWdc Hillsboro Solar project in Hill County, Texas. Together, the two transactions represent 587 MWdc of solar capacity. The companies commemorated the Clairemont transaction closing on November 11, 2026, in San Antonio. Sidley Austin advised OCI Energy, while K&L Gates represented Hyundai Engineering. The transaction value was not disclosed.
Exus Renewables Secures $345 Million Financing from Goldman Sachs Alternatives
Exus Renewables North America has secured $345 million in senior secured holding company financing led by Goldman Sachs Alternatives. The funding will support construction and development of wind, solar and battery storage projects across the United States. Exus currently has more than 800 MW of renewable energy capacity operating or under construction, with a total portfolio exceeding 6 GW. The latest financing follows a $400 million senior secured corporate credit facility closed in December and approximately $356 million in construction financing secured in July for the Highland North and Cambria wind projects in Pennsylvania. PEI Global Partners advised Exus, while Latham & Watkins and Vinson & Elkins provided legal counsel.
Oman Awards Two Green Hydrogen Projects Targeting 121,000 Tonnes Annual Production
Oman’s Hydrom has awarded two green hydrogen projects in Duqm targeting combined annual production of approximately 121,000 tonnes by 2032. Petrogas E&P and Bio3Energy will develop a project producing 625,000 tonnes of green ammonium nitrate annually, using 50,000 tonnes of hydrogen and 1.16 GW of renewable capacity. A second consortium comprising PLN Indonesia Power Renewables, Alawi Enterprises and HBA Offshore International plans to produce 400,000 tonnes of green ammonia annually using 1.45 GW of solar capacity and 1 GW of electrolysis capacity. Hydrom also launched its fourth auction in Dhofar, linking renewable energy and hydrogen production with data centres. Expressions of interest close in February 2027.