Big Moves
Equinix inks solar VPPA for its Japanese data centers
Equinix has entered into a 15-year virtual power purchase agreement (VPPA) with ENEOS Renewable Energy Corporation to source renewable electricity from the Sanda Mega solar power plant in Japan. The project is located in Hyogo Prefecture, with the agreement covering 121 MW of solar capacity. The solar project is expected to support the company’s target of powering its data centres in Japan with 100 per cent renewable energy.
News
Waaree to set up 16 GWh battery gigafactory in India
Waaree Energy Storage Solution Limited (WESSL), a subsidiary of Waaree Energies Limited, will establish a 16 GWh lithium-ion battery gigafactory. The facility will cover cell manufacturing, battery packs, and large-scale battery energy storage systems (BESS). It will be situated at Rambilli in the Anakapalli district of Andhra Pradesh, India. WESSL will invest Rs 81.75 billion in the gigafactory.
Interviews
India is uniquely positioned to lead the global energy transition: India’s Shripad Yesso Naik
India’s renewable energy growth has been guided by a mix of near-term programmes and long-term planning initiatives undertaken by the government. In the short term, the focus has been on implementing already-notified schemes and mechanisms, such as the competitive bidding guidelines for solar, wind and hybrid projects; schemes for rooftop solar and decentralised renewable energy; promotion of storage technologies, including batteries and pumped hydro; and support measures like the production-linked incentive scheme for high-efficiency solar PV modules. These instruments have provided the framework within which industry and states are scaling up renewable deployment.
Opinion & Perspective
Why the World Is Switching to Renewables Faster Than Anyone Expected
Renewables are scaling fast because it’s become affordable and quick to deploy. We have already passed tipping points for key technologies, including battery storage, wind, solar, and electric vehicles. But challenges remain in plenty of sectors, like aviation and heavy industries. And energy transitions are never just about economics—they’re political. Some countries are still pouring money into fossil fuels even when renewables are cheaper. But the big difference now is this, at least in the power sector: clean energy is no longer an alternative. It’s the default.
Mega Trends & Analysis
7 GW offshore wind is under construction in the North Sea: EMBER
As the largest offshore wind sea in the world, the North Sea has the potential to support industrial manufacturing and energy security across the bordering nations, provided collaboration is ensured. With 101 operational wind farms making up 30 GW, the North Sea has a greater capacity than the South or East China seas, and has a significant pipeline of projects in construction or in early development. Six countries have operational offshore wind capacity in the North Sea contributing to this total - the UK, Germany, Netherlands, Belgium, Denmark and Norway - in order of total capacity.
Policy Watch
Nigeria’s Electricity Devolution Law Creates an Opportunity to Reshape Its Power System
The Electricity Act 2023 is more than just a policy reform, it is an invitation to reimagine Nigeria’s energy future through bottom-up innovation, state-driven leadership, and a coordinated national vision. It is therefore imperative for development partners to collaborate with state authorities to help shape an energy transition that aligns with national goals. Moreover, aligning state-level planning with strong, decentralized market structures presents an opportunity to increase grid resilience and supply availability and reliability at optimal cost.
Tech Talk
Pumped Storage Projects: Technology Trends and Top Global Markets
PSP remains the world’s dominant grid‑scale storage technology, with global installed capacity reaching ~189 GW in 2024, according to the IHA's 2025 World Hydropower Outlook. In 2024 alone, about 8.4 GW of new PSP capacity was added globally. The global PSP development pipeline now exceeds 600 GW, with more than 105 GW under construction, of which over 90 GW is in China. IHA estimates that existing PSP plants can store up to ~9,000 GWh of electricity, providing critical inertia, frequency regulation, and long‑duration storage for high‑renewables grids.
SPONSORED CONTENT & ADS
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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
Factors Driving Electricity Prices in Maine: Report
Electricity rates in Maine are under pressure due to a combination of factors, including dependence on fossil fuels for electricity generation, growing storm-related costs, aging infrastructure, and inflationary pressures. The report finds that Maine can mitigate long-term cost and risk exposure by accelerating clean energy development, investing in load flexibility and energy efficiency, and strategically electrifying end uses that currently rely on fossil fuels.
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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