The latest renewable energy news includes announcements on Renewable Properties, Vikram Solar, EIB, BNP Paribas, Prospect14, and others.
Renewable Properties Acquires 71.8 MW Pennsylvania Solar Portfolio
California-based Renewable Properties has acquired three Pennsylvania solar projects totalling 71.8 MWdc from Prospect14, marking the company’s entry into the PJM wholesale electricity market. The portfolio comprises 26 MWdc and 27 MWdc projects in central Pennsylvania and an 18.8 MWdc facility in western Pennsylvania. The transaction expands Renewable Properties’ development pipeline in the state to more than 150 MWdc. It is the second portfolio transaction between Renewable Properties and Prospect14, following the acquisition of 38.13 MWdc of Pennsylvania net-metered solar projects in August 2025. Financial terms were not disclosed. The acquired assets provide Renewable Properties with additional utility-scale development opportunities inside one of America’s largest wholesale electricity markets.
Vikram Solar Wins 400 MW TOPCon Module Order for Maharashtra Solar Projects
Vikram Solar has secured a 400 MW module supply order from an EPC company developing decentralised solar projects across multiple locations in Maharashtra. Vikram Solar will supply 620 Wp N-Type TOPCon G12R modules featuring glass-to-glass construction, bifacial technology and half-cut cells. Deliveries are scheduled to begin in October 2026 and continue through March 2027. The projects are linked to Maharashtra’s agricultural-feeder solarisation programme, which is expanding distributed solar generation for agricultural electricity demand. The contract follows Vikram Solar’s recent 124 MW module order for an Andhra Pradesh project and a separate agreement with Avaada Electro covering 1 GW of domestically manufactured N-Type TOPCon solar cells.
EIB and BNP Paribas Launch €700 Million Guarantee Facility for European Power Grids
The European Investment Bank and BNP Paribas have established a €700 million guarantee facility designed to increase financing available to European manufacturers of electricity-grid equipment. Each institution will provide €350 million of counter-guarantees under an arrangement supported by the European Union’s InvestEU programme. The facility is expected to mobilise as much as €2.8 billion of real-economy investment in grid components and manufacturing capacity. It forms part of a broader €1.5 billion Pan-EU Power Grid package intended to accelerate grid development and modernisation. The financing targets one of Europe’s key renewable-energy bottlenecks as increasing solar, wind and battery deployment creates greater demand for transformers, cables, switchgear and other transmission and distribution equipment.
