Big Moves
RWE secures approval for 1.1 GW Australian wind farm
RWE has received federal environmental approval for its 1.1 GW Theodore wind farm. The project is located in Central Queensland, Australia. The project secured State Development Approval in June 2025 and was awarded the Capacity Investment Scheme contract under Tender 7 in May 2026. The project, valued at A$3 billion, will comprise up to 170 wind turbines and a battery energy storage system (BESS).
News
Egypt approves 1 GW solar with 600 MWh BESS project
Egypt has granted a golden licence to Nefer Minya Renewable Energy for a renewable energy project located in West Minya. The project comprises a 1 GW solar power plant with 600 MWh of battery energy storage system (BESS). The project is being developed by a joint venture between Infinity Power Holding and HAU Energy. Furthermore, the project is expected to require an investment of approximately $750 million.
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
Connected, Not Clean: The ASEAN Power Grid’s Real Test
The ASEAN Power Grid stands as a symbol of regional cooperation at a time of great uncertainty in energy markets. Even if interconnection proceeds flawlessly on time and within budget, the electricity surging through these cross-border lines might not deliver the sustainable, green future governments have promised. The ASEAN Power Grid is transmission infrastructure. It moves electricity across borders; it doesn't generate it. This distinction is important because the grid is being financed and praised as a climate project. But building it and cleaning up the region’s power supply are two different achievements. A grid can be finished, funded and celebrated and still fail to deliver on sustainability, as the outcome depends on what the member states feed into it.
Mega Trends & Analysis
Capacity Markets in Operation and Under Development in Europe
There is a concerning lack of oversight over Europe’s capacity markets. Evidence suggests that advancements in Germany, Poland and Italy may violate EU state aid rules; with the schemes manipulated to favour gas power plants. European Commission is urged to enforce technology neutrality rules to ensure clean flexibility technologies have equal access; and ensure there is robust evidence of the necessity of these subsidies. A number of capacity markets will require EU state aid reapproval in the coming years, as they come up to their 10-year lifespan. At the same time, a number of countries are looking to introduce capacity markets. The clear, viable alternative to a gas-dominated system is a renewables-based approach, replacing the role that gas currently performs to provide flexibility with clean solutions like batteries, demand side response, interconnectors and long-duration energy storage.
Policy Watch
RGGI Is Funding Lower Household Bills as Data Centers Spike Prices in the US
States are investing in clean energy and lowering electricity bills through the Regional Greenhouse Gas Initiative. Demand for energy is growing in the Northeast and mid-Atlantic, spiking electricity bills and pollution in some states. The Regional Greenhouse Gas Initiative (RGGI)—which sets a declining cap on carbon emissions from power plants and returns the program’s proceeds to fund energy and environmental programs—is serving as an essential stopgap for offsetting household electricity bills while reducing climate pollution. States must stay on track with RGGI to protect these consumer benefits.
Tech Talk
Why underground hydrogen storage in Europe matters for a low-carbon energy system?
Europe’s energy system is entering a decisive transformation. Energy storage is therefore increasingly critical. Short-duration options smooth intraday variability and support hourly and daily balancing. But when imbalances last beyond roughly 8–10 hours, direct electricity storage hits technical and economic limits. At that point, only large-scale, long-duration storage can cover overnight, multi-day, or seasonal stress events. Until now, underground gas storage has been the primary source of large-scale system resilience, and it continues to play a critical role. In a low-carbon system, underground hydrogen storage will take over this role, delivering long-duration flexibility with clean molecules.
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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
Global Mid-Year Electricity Update: Report
Global power demand is on track to rise faster in 2026 and 2027 than in 2025, even as the Middle East crisis temporarily increases electricity generation costs and as emergency energy conservation measures are implemented in some regions. Major economies have so far adapted to the loss of liquefied natural gas (LNG) supplies from the Strait of Hormuz while meeting rising power demand. A stronger-than-expected El Niño event in 2026 could increase global electricity demand further by raising cooling needs in many regions. Electricity generation from renewables is set to overtake coal-fired output in 2026, widening their share in the global electricity supply mix.
Finance
Clean Power Delivers During July 2026 Heatwaves in the US
As extreme temperatures drove electricity demand to seasonal highs, wholesale power prices surged, and regional power systems relied heavily on expensive gas and coal peaking plants to maintain reliability. The grid was pushed to its limits in some areas, and nearly 400,000 households across the Midwest, Mid-Atlantic, and Northeast experienced power outages during some of the hottest hours of the year. Across the areas most affected by the heatwave, wind and solar generation increased during the highest-demand hours compared to the days before and after the event, providing electricity when it was needed most. Markets with higher levels of clean energy experienced substantially lower wholesale electricity prices, while regions with relatively little clean generation experienced the highest prices despite having tens of gigawatts of clean energy waiting to connect to the grid.
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This space is reserved for sponsored content and advertising banners. Sponsored content can include white papers, webinars, case studies, research reports and other relevant content. The advertising can be in the form of banners with links to the advertiser’s landing page. If you would like to promote sponsored content or advertise, please write to us at: marketing@reglobal.co