The latest renewable energy news from TotalEnergies, KKR, Grenergy, Captona, Nexamp, and others.
TotalEnergies and KKR Expand US Solar Joint Venture with $1.2 Billion, 700 MW Portfolio
French energy company TotalEnergies and investment firm KKR have agreed to add 700 MW of utility-scale solar capacity to their equally owned US renewable-energy joint venture. Announced October 12, the transaction covers three solar projects in Texas and Ohio, representing an enterprise value of approximately $1.2 billion. The joint venture, established in 2025, currently holds 1.4 GW of renewable-energy capacity. The additional assets will increase its portfolio to approximately 2.1 GW. The three projects are expected to achieve commercial operation by Q1 2027. Electricity is contracted to third parties or will be marketed by TotalEnergies. Transaction completion is expected in 2026, subject to customary conditions.
Grenergy Secures $457 Million for 446 MW Solar and 1.8 GWh Battery Storage Projects in Chile
Spanish renewable-energy developer Grenergy has secured $457 million in non-recourse senior financing for solar and battery projects in Chile, announced October 9. The portfolio combines 446 MW of photovoltaic capacity and approximately 1.8 GWh of battery storage. Financing covers the 242 MW Algarrobal project, with 1,480 MWh of storage, and the Palmas distributed generation portfolio, comprising 204 MW of solar and 289 MWh of batteries. BNP Paribas arranged and underwrote the financing, with participation from BBVA, JPMorgan Chase, MUFG, Santander and Scotiabank. Algarrobal has a 12-year hybrid power purchase agreement beginning January 2028. Grenergy has secured more than $2.4 billion in financing for its Chilean hybrid-energy platforms.
Captona Invests in Nexamp’s 55 MW Solar and Battery Storage Portfolio Across Four US States
US renewable-energy investment firm Captona has completed a preferred equity investment in 10 solar and battery storage projects developed by Nexamp. Announced October 14, the portfolio comprises 55 MW of solar generation and 5 MWh of battery storage across Illinois, Maine, Massachusetts and New York. The investment forms part of Captona’s preferred equity financing programme established in 2023. Nexamp develops, constructs and operates distributed generation and community solar facilities serving residential, commercial and institutional electricity customers. The company reports nearly 1.5 GW of renewable-energy assets in operation, with several additional gigawatts under construction or development. The companies did not disclose the investment amount, ownership percentage or project commissioning schedule.