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
Sumitomo Corporation acquires stake in 1.5 GW UK offshore wind project
Sumitomo Corporation has acquired a 33.3 per cent equity interest in the Gwynt Glas offshore wind project located in the Celtic Sea, UK. The company has partnered with EDF power solutions UK and Ireland and ESB for the project. The project involves the development, construction and operation of a floating offshore wind farm with a planned capacity of up to 1.5 GW.
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
Making EU Electrification Smart and Fair
As conflict in Iran disrupted global oil and gas supplies, the gas price volatility from this disruption added roughly EUR 13 billion to the EU’s wholesale electricity bill, and this could have been much higher. Fortunately, renewable electricity accounted for around 44% of EU generation, which the EEA estimates has saved the EU approximately €29 billion. To fulfill its potential, electrification needs to form part of a smart and resilient energy system, ensuring renewable electricity can flow where and when it is needed. Achieving this will require scaling up investment in modernising grid networks and relying on an array of flexible options and technology such as energy storage, interconnectors and smart meters for demand-side flexibility.
Mega Trends & Analysis
Record capacity additions and diversification drive India’s solar sector
Solar has been contributing a lion’s share to installed renewable capacity additions. India added approximately 2.8 GW of solar capacity in May 2026, which resulted in around 3.4 GW of renewable capacity addition. Within the cumulative solar capacity of 157.05 GW, ground-mounted utility-scale solar plants account for the major share at 118.79 GW, followed by grid-connected rooftop solar at 27.88 GW, off-grid and PM KUSUM-linked solar at 6.31 GW, and the solar component of hybrid projects at 4.06 GW. Rajasthan leads with over 42 GW of solar capacity, followed by Gujarat at over 32 GW, Maharashtra at over 20 GW, Tamil Nadu at nearly 14 GW and Karnataka at over 11 GW.
Policy Watch
New US Western Grid: EDAM, Markets+ redefining wholesale power across the West
The US’ western energy markets are undergoing a major transformation. On May 1, 2026, the California Independent System Operator (CAISO) and PacifiCorp switched on the extended day-ahead market (EDAM), the biggest expansion of centralised electricity trading in the US Western Interconnection in a decade. For the first time, a day-ahead, security-constrained economic dispatch (SCED) will co-optimise generation and transmission across balancing authority areas (BAAs) that stretch from California to Wyoming. It builds on the real-time Western Energy Imbalance Market (WEIM), which has generated cumulative benefits of USD8.6 billion since its launch in 2014 across a region representing approximately 80 per cent of western electricity demand.
Tech Talk
Cybersecurity Priorities for America’s Solar & Storage Industry
As electricity demand grows and costs rise, solar and energy storage are essential to building a reliable, secure, and affordable energy system. These technologies already make up the majority of new generation capacity additions in the United States. Combined, solar and storage accounted for nearly 80% of new capacity added to the grid in 2025. The solar and storage industry plays a critical role in ensuring U.S. energy security and serves an increasingly important role in meeting rising demand. At the same time, cybersecurity threats facing the broader energy sector continue to evolve and grow. It is imperative that the systems, networks, devices, and components that make up the solar and storage ecosystem are secure against cybersecurity threats.
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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
Norway Critical Minerals Review: Report
The analysis covers Norway’s end-to-end approach, encompassing exploration, extraction, refining, recycling and downstream integration into advanced industries. The report identifies several areas of strength in Norway’s approach. These include its substantial geological potential, its advanced innovation and recycling sectors, and its active participation in European policy frameworks. The report concludes that Norway stands at a strategic crossroads. Decisive policy action, targeted investment in innovation, and enhanced stakeholder collaboration will be critical for Norway to secure its position as a leader in sustainable critical minerals supply.
Finance
Sonnedix secures €730 million financing for clean energy projects in Europe
Sonnedix has secured €730 million in financing for renewable energy projects across France, Italy, Portugal and Spain. The financing will be used for the refinancing, optimisation and construction of the projects across the four countries. The financing covers around 540 MW of solar capacity and two battery energy storage system (BESS) projects.
SPONSORED CONTENT & ADS
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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