Financing Set for Puerto Rican Solar Park. Infinigen, a Puerto Rico-based independent power producer, in late August announced the closing of a $33 million tax equity investment in the Yabucoa Solar Project from Foss & Co. The transaction includes an additional $26 million commitment toward a future Yabucoa battery storage project, to be developed at the same site. The financing advances construction of Yabucoa Solar Park, a 42.6-MW facility that will become Infinigen’s third utility-scale project in Puerto Rico, joining the operating Horizon Solar Park and Oriana Solar Park. Together, the three projects represent 115 MW of capacity. The future energy storage facility would mark Infinigen’s entry into standalone battery storage. Infinigen is wholly owned by a fund managed by ArcLight Capital Partners, a group that has been investing in electrical infrastructure since its founding in 2001.
Australia Opens Offshore Wind Auction. Australia opened its first auction for offshore wind energy in August. The initial offering is for projects off Victoria state in the southeast of the country, home to Melbourne. Renewable energy at present accounts for about 45% of the state’s current total power generation. Australia established the framework for offshore wind in 2021; the first wind zones were declared for the Gippsland area in Victoria in 2022. Australia by 2024 had awarded a dozen feasibility licenses, reportedly for as much as 10 GW of offshore generation, though some companies—including Equinor and RWE—later dropped those licenses. Plans for a Victoria auction were delayed again last year as developers wanted more guarantees from the Australian government. This year’s auction officials began on August 26 and will run until August 2027. Officials have said contracts from the auction will be awarded in 2028. Jaclyn Symes, minister for Energy and Resources, said bids will be evaluated based on value for money, deliverability, and benefits for local workers, businesses, and communities. The first tender calls for 2 GW of offshore wind capacity. Victoria is the first Australian state to establish targets for offshore wind capacity, and has a goal of 2 GW of capacity by 2032, 4 GW by 2035, and 9 GW by 2040.
Chilean Group Asks to Extend Diesel-Fired Plant. Electricity provider International Power Services (IPS) submitted a $125 million project for environmental review in Chile, seeking to extend the operating life of a diesel-fired plant and to add battery storage capacity and a substation. One of the project’s three main components involves extending by 20 years, to 2049, the useful life of the 155-MW Siemens open-cycle turbine plant known as Central Cardones, near the city of Copiapó, in the Atacama region. The diesel-fired plant began operations in 2009. A document filed with environmental review service SEA states that the project “will keep operating unchanged—that is, it will continue running with the same facilities and equipment, requiring no additional works, as has been the case to date.” Another component involves installing a 120-MW/720-MWh energy storage system, while the third calls for an air-insulated substation. A 437-kW solar park adjacent to the Cardones facility entered service in 2015. Diesel-fired generation in Chile primarily is used to provide backup power during periods of high demand. IPS has 412 MW of generation capacity in Chile, spread across three power plants. The company also has 318 MW of capacity across three facilities in Guatemala.
California Company’s Tech Being Utilized in India. TS Conductor, a California group focused on next-generation advanced conductor technology, announced in August that Himachal Pradesh State Electricity Board Limited (HPSEBL) in India has selected TS Conductor’s Aluminum Encapsulated Carbon Core (AECC) conductors for an upcoming transmission grid modernization project. The commercial order was awarded via TS’s regional partner Laser Power & Infra. HPSEBL will use AECC for a turnkey reconductoring project aimed at improving power supply reliability in the Nalagarh region. TS’s AECC technology can be installed with standard installation practices, and has proven to deliver two to three times more power than traditional wires. The AECC is designed for longevity, with an encapsulated core that is fully protected from physical and environmental degradation, unlike first-generation alternatives. TS manufactures and ships its pre-tensioned encapsulated carbon fiber composite core technology to India for completion of the manufacturing process. HPSEBL’s upcoming project will reconductor and modernize several medium-voltage 11-kV feeder circuits, as well as the 3-phase lines that reach the 11/0.4-kV distribution transformers.
MoU Signed for Coal Gasification in Indonesia. U.S. technology firm Latitude Energy and Indonesia’s sovereign wealth fund Danantara Indonesia recently signed a memorandum of understanding (MoU) through which Latitude Energy would explore coal gasification opportunities in Indonesia. Latitude would leverage its Transport Integrated Gasification (TRIG) technology, a process that converts coal into synthetic gas. Danantara Development Management Fund CEO Sigit P. Santosa said the partnership supports the Indonesian government’s broader strategy to achieve energy self-sufficiency by utilizing low-calorie coal. Indonesia is one of the world’s largest coal producers. Officials said the collaboration with Latitude Energy offers the country the opportunity to build a scalable and sustainable coal gasification platform. Latitude officials said the company views Indonesia not merely as a first market, but as the launchpad for broader coal gasification scale-ups across Southeast Asia. Indonesia and other countries in Southeast Asia are looking at coal gasification as a way to take advantage of a domestic resource, and reduce the need for imports of liquefied natural gas for power generation and industrial use.
—Darrell Proctor is a senior editor for POWER.
Facts Only
* Infinigen closed a $33 million tax equity investment in the Yabucoa Solar Project from Foss & Co.
* The transaction includes a $26 million commitment for a future Yabucoa battery storage project at the same site.
* Construction is advancing for the 42.6-MW Yabucoa Solar Park, Infinigen's third utility-scale project in Puerto Rico, alongside Horizon and Oriana Solar Parks, totaling 115 MW capacity.
* The future energy storage facility aims to establish Infinigen’s entry into standalone battery storage.
* Australia opened its first offshore wind auction in August for projects off Victoria state.
* Renewable energy accounts for approximately 45% of the state's current total power generation.
* Australia established the offshore wind framework in 2021, declaring wind zones in 2022.
* The Australia auction runs from August 26 until August 2027 and seeks 2 GW of offshore wind capacity.
* Bids for the Australian auction will be evaluated based on value for money, deliverability, and benefits for local workers, businesses, and communities.
* Chile’s proposal involves extending the Central Cardones diesel-fired plant's life to 2049, installing a 120-MW/720-MWh energy storage system, and adding an air-insulated substation.
* TS Conductor supplied Aluminum Encapsulated Carbon Core (AECC) conductors to HPSEBL in India for transmission grid modernization.
* Latitude Energy signed an MoU with Danantara Indonesia to explore coal gasification opportunities using TRIG technology.
Executive Summary
Infinigen, a Puerto Rico-based independent power producer, closed a $33 million tax equity investment in the Yabucoa Solar Project from Foss & Co. This transaction includes a $26 million commitment for a future battery storage project at the same site. This financing funds construction of the 42.6-MW Yabucoa Solar Park, which will be Infinigen’s third utility-scale project in Puerto Rico, joining the Horizon Solar Park and Oriana Solar Park, totaling 115 MW of capacity. The future energy storage facility will establish Infinigen’s entry into standalone battery storage. Infinigen is owned by a fund managed by ArcLight Capital Partners.
Separately, Australia opened its first offshore wind energy auction in August for projects off Victoria state. The initial offering targets the southeast of the country, home to Melbourne, where renewable energy accounts for about 45% of current power generation. Australia established the offshore wind framework in 2021 with initial wind zone declarations for Gippsland in 2022. The auction runs until August 2027 and seeks 2 GW of offshore wind capacity, with a goal of 2 GW by 2032, 4 GW by 2035, and 9 GW by 2040.
Chilean electricity provider International Power Services (IPS) submitted a $125 million project for environmental review. The proposal seeks to extend the operating life of the 155-MW Central Cardones diesel-fired turbine plant near Copiapó until 2049, add a 120-MW/720-MWh energy storage system, and install an air-insulated substation. Chile’s generation capacity includes 412 MW across three power plants, and IPS also has 318 MW of capacity in Guatemala.
TS Conductor, a California technology group, has supplied Aluminum Encapsulated Carbon Core (AECC) conductors to the Himachal Pradesh State Electricity Board Limited (HPSEBL) in India for a transmission grid modernization project aimed at improving reliability in the Nalagarh region. The AECC technology is designed for longevity and delivers two to three times more power than traditional wires.
Latitude Energy and Danantara Indonesia signed a Memorandum of Understanding to explore coal gasification opportunities in Indonesia, utilizing Transport Integrated Gasification (TRIG) technology. This partnership aims to support Indonesia's energy self-sufficiency strategy by using low-calorie coal, with the goal of building a scalable platform across Southeast Asia.
Full Take
The narrative weaves together disparate energy transitions across the globe: renewable energy deployment in the Caribbean, the development of deep-sea resource auctions in Australia, infrastructure longevity and storage integration in South America, advanced material science application in Asia, and emerging resource utilization in Southeast Asia. The underlying pattern is a global pivot toward complex, integrated energy systems where financing, physical infrastructure, and technological adaptation are interconnected.
The intersection between renewable generation (solar, wind) and necessary flexibility (battery storage) appears as a central theme, evidenced by Infinigen’s plans and the Chilean proposal to integrate storage into existing thermal infrastructure. This suggests that future viability is not solely about generating raw energy but about managing variable supply through storage and diversified generation sources.
The contrast between established large-scale projects (like the Central Cardones plant extension) and nascent regulatory frameworks (the Australian auction) highlights a divergence in pacing—some regions are optimizing existing assets while others are establishing entirely new economic corridors for future development. Furthermore, the movement of advanced material science from California to India suggests that technological innovation is being rapidly exported to solve specific grid reliability problems, often bypassing lengthy domestic developmental cycles.
The pattern suggests that large capital flows and technological shifts follow infrastructural needs. The risk lies in decoupling these elements: ensuring that the financial incentives driving development do not override long-term systemic stability or environmental considerations embedded within those projects. What is the mechanism ensuring that the pursuit of immediate economic targets does not undermine the structural goals of energy security across diverse geopolitical contexts? What are the unstated costs borne by local communities when resource access and infrastructure longevity are prioritized over rapid deployment timelines?
