Big Moves
274 MW Madawaska wind project in Canada begins construction
The 274 MW Madawaska wind project in Quebec has reached financial close, enabling the start of construction. The project is being developed by EDF power solutions Canada, Alliance de l’énergie de l’Est, and Société de gestion éolienne de la Madawaska Inc. Financing has been arranged through a consortium comprising Canadian Imperial Bank of Commerce, National Bank of Canada, Desjardins Group, and KfW IPEX-Bank.
News
Zelestra commissions Belinchón solar cluster in Spain
Zelestra has commissioned three solar plants, Belinchón I, II and III, in Castilla-La Mancha, Spain, with a combined capacity of 162 MW. The projects are located in Cuenca and were completed within 14 months by the company’s EPC team. Additionally, the operational plants are expected to avoid more than 42,700 tonnes of carbon emissions annually. A total of 275,000 solar modules have been installed across the three plants.
Interviews
Floating solar is getting more reliable and profitable: Ciel & Terre’s Vincent Grumetz
The first floating solar projects were installed 15 years ago, and we can see that those power plants are still running and producing electricity. Thus, the technology is proven. Further, growth is also being driven by the price, and floating solar technology is becoming more competitive. For instance, the price of solar modules went down, and so did the capex of floating solar, thereby making this technology more profitable.
Opinion & Perspective
A Green Economy Could Propel Southeast Asia’s Growth and Protect the Environment
ASEAN has strong comparative advantages and leadership potential in several green sectors. Renewable energy—particularly solar, wind, hydropower, and geothermal—stands out, given the region’s abundant natural resources and the need to meet rapidly rising energy demand. Scaling clean energy can help deliver reliable and sustainable power while strengthening industrial competitiveness. Southeast Asian countries need coherent, credible, and long-term policy frameworks to unlock green investments at scale.
Mega Trends & Analysis
AI to unlock the next wave of renewable integration in ASEAN: EMBER
ASEAN's expanding digital economy and growing data centre capacity provide a structural foundation for AI adoption. The region's digital economy is now at around $300 billion and it is projected to reach $1 trillion by 2030. Data centres are crucial for efficient digitalisation in the power sector, enabling big data analytics, AI, and smart grid operation. However, infrastructure quality remains uneven across the region, with significant gaps in connectivity, data governance, cybersecurity and interoperability standards. Without deliberate regional coordination, ASEAN could develop pockets of digital sophistication rather than an integrated, intelligent power system.
Policy Watch
Germany’s 2025 NEP: Adapting grid planning to new market conditions
Germany has set the goal of achieving climate neutrality by 2045, placing its electricity transmission system at the centre of the energy transition. By 2030, installed capacity is expected to reach 215 GW of solar PV, 115 GW of onshore wind and 30 GW of OSW. By 2045, these figures rise to 400 GW of photovoltaics, 160 GW of onshore wind, and 70 GW of OSW. The 2025 NEP anticipates installing large storage capacities between 41 and 94 GW by 2045, which were estimated at 43-55 GW in the earlier plan. Overall, NEP 2037/2045 (2025) marks a decisive shift in Germany’s grid planning philosophy.
Tech Talk
The Interconnection Queue Continues to Be a Barrier to American Economic Competitiveness: Here’s how to improve it
America’s economic and national competitiveness depend on a grid that can keep pace with private investment and innovation. The interconnection backlog isn’t just a technical issue — it’s a barrier to growth, jobs, and reliable power. While the studies themselves are necessary, we cannot let them become burdensome red tape that artificially slows grid buildout. Rather, interconnection should be modernized into a smarter, faster process, drawing from best practices across the RTOs and standardizing them at the federal level.
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Webinars & Videos
The Future of Electricity in the Middle East and North Africa Webinar
Across the Middle East and North Africa (MENA) – a region that has long been a cornerstone of the global energy system – electricity demand is surging, driven by cooling and desalination needs, as well as urbanisation, electrification and digitalisation. How countries meet this increased demand will have profound implications for both regional economies and global energy markets.
Knowledge Centre
Carbon Pricing in Southeast Asia: Brief
Southeast Asian countries have been exploring effective ways of introducing carbon pricing in their economies. In 2023, Indonesia launched IDXCarbon, the country’s first official carbon exchange. The Philippines is evaluating the feasibility of introducing an emissions trading system. VietNam announced its plan to pilot an ETS starting in June 2025, with the target of full operation by 2029. This brief summarises the current status of carbon pricing, including the most recent developments; discusses the challenges; and highlights the opportunities for making progress.
Finance
Scaling adaptation finance in Southeast Asia
The impacts of climate-related disasters are particularly severe in Asia. Between 2000 and 2023, Asia recorded average annual direct economic losses of USD75.7 billion from climate events or 40% of the global average, reflecting both the region’s physical vulnerability and the scale of assets at risk. Southeast Asia faces recurring floods and storms that impose significant fiscal burdens, strain public infrastructure, and disrupt livelihoods. Asia is warming at twice the global average due to its extensive landmass. Despite mounting climate risks, adaptation investment in the region remains far below what is needed.
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