Big Moves
Statkraft and Hydro Energi sign 8.8 TWh PPA in Norway
Statkraft and Hydro Energi have signed a long-term power purchase agreement (PPA) in Norway. The agreement covers the supply of 876 GWh annually from 2031 to 2040, totalling to approximately 8.8 TWh over the contract period. The agreements will supply power to Hydro’s aluminium plants, with deliveries in NO5 electricity price area. The agreement follows two long-term PPAs signed by Hydro and Statkraft in April 2026 for the delivery of 0.9 TWh annually in 2029 and 2030, and 1.3 TWh annually from 2031 to 2038.
News
Niger signs PPP agreement to develop 200 MW solar with BESS project
The Government of Niger has entered into a public-private partnership (PPP) with Niger Electricity Power Production (NEPP) to develop a 200 MW solar photovoltaic plant with battery energy storage system (BESS) in Niamey. The project represents an investment of 126.1 billion CFA francs. Project construction and financial mobilisation are expected to take approximately 24 months.
Interviews
We are increasing our private sector financing four-fold: ADB’s Masato Kanda
The ongoing conflict in the Middle East is delivering a direct hit to the global economic engine. Geopolitical disruptions do not respect borders. They affect fuel, freight, finance, and factories. They also spike trade uncertainty and land squarely on the household budgets of the communities that can least afford it. At the same time, we are facing an unprecedented, staggering surge in electricity demand. This isn’t just being driven by rapid urbanization. It is being fueled by the explosive expansion of power-intensive AI data centers and deep electrification of our economies.
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
Renewables Account for 50% European Electricity in 2025
In 2025, renewable energy sources made up 49.9% of gross electricity consumption in the EU, more than 2 pp higher than the previous year (47.5% in 2024). The growth in electricity generated from renewable energy sources during the period 2015 to 2025 largely reflects an expansion in 2 renewable energy sources across the EU, namely wind power and solar power. Wind power and hydropower accounted for almost two-thirds of the total electricity generated from renewable sources (38.0% and 26.4%, respectively). The remaining one-third of electricity generated was from solar power (23.4%), solid biofuels (5.8%) and other renewable sources (6.1%).
Policy Watch
India launches PM-SSY Floating Solar scheme
India is giving a fresh impetus to floating solar with the launch of the Pradhan Mantri Surya Sarovar Yojana (PM-SSY). Approved by the Union Cabinet on July 31, 2026, the scheme seeks to address one of the growing constraints to large-scale solar development: the availability of suitable land. It envisages the development of 5,000 MW of floating solar photovoltaic (FSPV) capacity, with a total financial outlay of Rs 50.70 billion. The projects will be sanctioned during FY 2026-27 to FY 2030-31, with financial assistance continuing to be disbursed through FY 2032-33.
Tech Talk
Sodium-Ion Storage Has Left the Lab, and Entered the Field
Sodium-ion batteries, as a solution for grid-scale storage demands, have spent the better part of a decade described, roughly, as “promising.” It’s a word that’s covered for a lot of unfinished progress and has become somewhat of a warning sign to anyone in this industry trying to separate emerging technologies from commercially ready ones. That distinction is becoming less relevant for sodium-ion.
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Webinars & Videos
Global Critical Minerals Outlook 2026: IEA Webinar
The 2026 edition of the IEA’s annual Global Critical Minerals Outlook includes a detailed assessment of the latest market, investment and technology trends, along with their implications for critical mineral security. The report provides a snapshot of recent industry developments and offers medium- and long-term projections for the supply and demand of key energy minerals, taking into account the latest policy and technology developments. This year's report also includes several areas of special focus: strategic minor minerals with applications beyond energy, nuclear supply chains and the role of Latin America in global mineral supply chains.
Knowledge Centre
Great British Energy for UK’s Energy Security: Brief
The brief suggests that to deliver the government’s mission for greater control over energy markets and industry, GBE must meet three conditions: build institutional capacity aligned with its ambition to establish a world-leading energy company by 2026, focus its resources on areas of highest impact in the first two years and demonstrate delivery in key areas to ensure its projects reduce energy bills for communities, build strong supply chains and support local jobs by 2028 and establish financial credibility to be in a strong position to scale its impact by 2030.
Finance
Role of Tax Equity Investments in US clean energy sector
Energy tax credits play a central role in supporting investment and growth across the energy sector. Their continued availability, alongside evolving mechanisms for monetising these incentives, provides a supportive framework for further clean energy deployment. Federal tax credits provide financial incentives for a range of energy sources, manufacturing technologies, and critical minerals, driving adoption across states, industries, and customers. They work by reducing the tax liability of project developers and investors, effectively lowering the overall costs of developing energy projects.
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