Grid-sharing is going mainstream in Iberia, and Africa just switched on its largest hybrid plant. Two milestones this week point to where smart capital in renewables is flowing right now.
What we’re tracking today:
EDP added battery storage to Spain’s first triple-hybrid at Las Lomillas, Cuenca: a 2005-vintage 49.5 MW wind farm now sharing one ~50 MW grid connection with a 36 MW solar plant and a new 36 MW/72 MWh battery. It matters because it shows existing grid-connection points compounding in value once storage stacks on top — a pattern that shapes how we underwrite connected pipeline everywhere we invest.
TotalEnergies, Hydra Storage Holding and Reatile Renewables switched on Africa’s largest hybrid renewable plant: 216 MW of solar paired with 500 MWh of battery storage in South Africa’s Northern Cape. The 35/35/30 ownership split between a major, a dedicated storage holdco and a local BEE developer is the co-investment structure we underwrite against.
Drax completed its £548m ($755m) acquisition of Bluefield Solar Income Fund, absorbing 900 MW of operating and under-construction assets plus a 2.9 GW pipeline. Listed solar income vehicles are still trading hands at scale — a pricing signal for every GP raising capital alongside one.
That’s the deal flow Persimmon is built to capture.