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Infrastructure  + Alternative Assets  + Direct Investment  + M&As  + Real Assets  |  May 1, 2026
Lydian Energy Acquires 1.5 GW Atlas North Solar and Storage Portfolio
By: Joe Palmisano

Lydian Energy Acquires 1.5 GW Atlas North Solar and Storage Portfolio

Lydian Energy has acquired Hanwha Renewables’ Atlas North portfolio, a roughly 1.5 GW solar and battery energy storage system (BESS) platform, positioning the firm to expand its footprint in large-scale renewable infrastructure across North America. 

The portfolio includes four late-stage projects totaling more than 1,000 MW of solar generation capacity and 450 MW / 1,800 MWh of battery storage, making it one of the largest solar-plus-storage developments in the region. The assets are supported by a 500 kV generation-tie transmission line connecting to the CAISO grid via the Cielo Azul Switchyard and Ten West Link transmission infrastructure. 

Importantly, the majority of electricity and capacity from Atlas North is secured under long-term offtake agreements with California load-serving entities, providing visibility into future cash flows and supporting project financing. 

“Atlas North represents Lydian’s largest investment to date. We are excited to build on our momentum as a firm and bring this ambitious project to life,” said Emre Ersenkal, CEO of Lydian Energy. “The Atlas North facilities will bring much needed renewable power to the region.” 

The acquisition significantly scales Lydian’s development pipeline and complements its existing portfolio of 18 solar and storage projects totaling approximately 4.4 GW of capacity. 

The company is backed by clean energy investor Excelsior Energy Capital. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.