The latest renewable energy news includes announcements on Verano Energy, Fourth Partner Energy, Neoenergia, and others.
Verano Energy Secures $187 Million for 123 MW Solar and 600 MWh Battery Project in Chile
Renewable-energy developer Verano Energy has secured $187 million in senior secured green financing for its Observatorio solar and battery storage project in Chile. Announced October 23, the financing was arranged with Japanese financial institution MUFG and will support construction of the hybrid facility in Marchigüe, O’Higgins Region. The project combines 123 MWp of photovoltaic capacity with a 120 MW/600 MWh battery energy storage system. Sungrow will supply battery equipment and solar inverters. Observatorio is Verano Energy’s second utility-scale solar-plus-storage development in Chile, following its Domeyko project. The combination of solar generation and five-hour battery storage will improve electricity dispatch flexibility. The company did not disclose the commissioning timetable.
Fourth Partner Energy Secures ₹750 Crore for 350 MW Solar-Wind and 750 MWh Battery Project
Indian renewable-energy company Fourth Partner Energy has secured ₹750 crore in financing from Tata Capital Cleantech Finance for a hybrid renewable-energy project in Maharashtra. Announced October 23, the development combines 300 MWp of solar generation, 50 MW of wind capacity and 750 MWh of battery storage. Approximately ₹375 crore has already been disbursed. The project is expected to generate more than 630 million electricity units annually for corporate customers, including data centres. Fourth Partner Energy has secured customer commitments covering more than half the planned capacity. The company reported 2 GW of installed renewable capacity and another 3 GW under development as of September 2026. It targets a 9 GW portfolio by 2031.
Neoenergia Secures R$857 Million Green Loan for Electricity Grid Expansion in Brazil
Brazilian electricity company Neoenergia, controlled by Iberdrola, has signed an R$857 million (€150 million) green loan with the European Investment Bank. Announced October 22, the financing will support modernisation of the electricity distribution network operated by Neoenergia Elektro in São Paulo and Mato Grosso do Sul. The loan is guaranteed by Spanish export credit agency Cesce. Investments will cover transmission and distribution infrastructure, substations, grid automation, protection systems and technical-loss reduction. Neoenergia Elektro supplies electricity to more than three million customers. The programme will also facilitate additional connections for renewable-energy generators and electricity consumers. The financing follows a separate R$1.7 billion agreement for electricity grid improvements in Bahia.
