Quarterly investment report: Large-scale renewable generation and storage, Q3 2025

Energy storage

• Five storage projects worth 1,199 MW (capacity) / 4,062 MWh (energy output) reached financial close, marking the third highest quarterly result seen for new storage projects while 3 storage projects were commissioned in the quarter, for a total of 541 MW / 1,766 MWh, representing new records. The rolling average energy output for commissioned storage projects continued to reach new heights at 975 MWh for the quarter, also a new record.
• There are currently 74 committed storage projects (either standalone or hybrid projects) in the financial commitment or under construction pipeline, equivalent to 13.3 GW / 35.0 GWh in capacity / energy output. 

Electricity generation

• Three generation projects were commissioned in Q3 2025 with a total operating capacity of 104 MW, and one generation project - worth 27 MW of capacity - secured financial commitment in the period.
• There are currently 80 renewable electricity generation projects in the financial commitment or under construction pipeline, representing 12.4 GW of capacity.