The latest renewable energy news includes announcements from R.Power, CGN, Akaysha Energy, Elgin, Yangjiang Fanshi offshore wind project in Guangdong, and others.
R.Power Plans €50 Million Green Bond for Renewable Projects
Polish renewable-energy developer R.Power plans to issue €50 million of secured green bonds to finance and refinance renewable-energy projects. The securities form part of R.Power’s expanded PLN 1.5 billion bond programme, increased from the previous PLN 1 billion ceiling. Proceeds can support project development, acquisitions, construction and operation under the group’s green-bond framework. The bonds will carry interest at six-month Euribor plus 2.9 percent and are expected to settle around October 13, after which they are intended to trade on the Warsaw Stock Exchange. R.Power develops, builds and operates photovoltaic projects across European markets. The financing gives the company additional capital for expanding its renewable asset base while diversifying funding beyond conventional bank project finance.
CGN Commissions 2 GW Offshore Wind Farm in China with 18 MW Turbines
China General Nuclear Power Corporation has fully commissioned the 2 GW Yangjiang Fanshi offshore wind project in Guangdong, including China’s first large-scale commercial deployment of 18 MW offshore turbines. The project comprises two 1 GW sections with 131 turbines, including 33 units rated at 18 MW. Located around 81 km offshore, the wind farm reaches water depths of 53 metres. Each 18 MW turbine uses a 292-metre rotor and can generate as much as 56 GWh annually. The entire project is expected to produce more than 6.6 TWh per year, avoiding around 5.1 million tonnes of CO2 emissions. Yangjiang now has more than 8 GW of offshore wind capacity.
Waratah Super Battery Reaches Full 850 MW / 1,680 MWh Capacity in Australia
Akaysha Energy has brought the 850 MW/1,680 MWh Waratah Super Battery in New South Wales to full operational capacity following final approval from the Australian Energy Market Operator. The BlackRock-backed project, built at the former Lake Munmorah coal-fired power station on the Central Coast, had been operating at partial capacity since 2025. More than A$1 billion of private capital was invested in the development. At maximum output, the battery could supply electricity equivalent to peak demand from about 340,000 homes. The facility also works with Transgrid’s system-integrity protection scheme, allowing it to respond rapidly to major network disturbances and strengthen electricity-system security as renewable generation expands.
Elgin Acquires 200 MW Irish Solar Project with €200 Million Investment Planned
UK independent power producer Elgin has acquired the approximately 200 MW Blackhall Solar Farm in County Meath, Ireland, from GP Joule. The project already has planning consent and a grid connection, substantially reducing development risk before construction. Elgin expects to invest approximately €200 million to develop and build Blackhall. The acquisition also increases the capacity Elgin can potentially enter into Ireland’s forthcoming Renewable Electricity Support Scheme auction. The company is separately completing construction and energisation of around 150 MW of Irish solar capacity, part of more than 300 MW currently under construction across Ireland and the UK. Financial terms for the acquisition itself were not disclosed.