Lebanon solar contracts revised; Wirsol plans storage-backed park; Lodestone adds buyers
Lebanon's Ministry of Energy and Water signed amended power purchase agreements with solar developers C.D.N. and EONE, advancing projects within a licensed pipeline of about 165 MW after earlier financing and implementation difficulties. Wirsol plans to build a 9.435 MWp solar park with roughly 15 MWh of battery storage in Lower Saxony, comprising 39 separately owned photovoltaic installations, with construction starting in October 2026 and commissioning targeted for Q2 2027. Lodestone Energy signed renewable electricity supply agreements with Briscoe Group and Farro in New Zealand, expanding its commercial customer base.
Lebanon’s amended PPAs involve C.D.N. and EONE and belong to 11 licences issued in 2022, tied to a roughly 165 MW pipeline. The earlier 2023 contracts had encountered financing and implementation problems; the revised terms let these two developers move ahead while other licensed projects continue.
Wirsol’s Parensen park in Lower Saxony would combine 9.435 MWp of solar with about 15 MWh of storage, using 39 separately owned arrays of roughly 242 kWp each. Lodestone, meanwhile, operates five large solar farms, has a sixth under construction, targets 16–18 by 2032, and seeks NZ$75 million–NZ$100 million through an IPO.
If delivered, Lebanon’s revised contracts could help move stalled solar projects forward, potentially improving power availability for households and businesses. In Germany, the storage-linked Parensen park may allow small investors to share battery benefits while adding local generation. Lodestone’s New Zealand agreements could give retailers more renewable supply options and may support further solar build-out, though actual effects depend on construction, financing and contract terms that remain undisclosed.