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
AfDB backs four African green hydrogen projects
The African Development Bank Group (AfDB) will provide $20 million in reimbursable grants to support four green hydrogen and derivatives projects located across Egypt, Morocco, Namibia and South Africa. The funding, subject to Board approval, will be provided through the Sustainable Energy Fund for Africa (SEFA). The projects cover sustainable marine and aviation fuels in Egypt, Morocco and Namibia, and low-carbon iron in South Africa.
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
US States Drive Data Centre Investment in Virtual Power Plants
In November 2025, RMI published a report making the case that off-site demand flexibility, energy efficiency, and distributed generation can help meet rapidly growing data center electricity demand while lowering costs, improving reliability, and reducing the need for new fossil generation. The report outlined how data centers and other large electricity customers could help finance and scale distributed capacity. Since the report’s publication, new laws, commission decisions, and utility proposals have begun creating pathways for large customers to fund distributed capacity, for utilities to evaluate it as a grid resource, and for that capacity to deliver tangible benefits to participating customers. The design of these pathways will shape the types of transactions that are possible, the willingness and ability of data centers to pay for distributed capacity, and the potential scale of future investments.
Mega Trends & Analysis
Lessons from India’s Transition to Electric Vehicles
India’s EV market has gained significant momentum. According to the Indian government’s vehicle registration data, cumulative EV sales have now reached 10.21 million among more than 449 million vehicles on Indian roads, and the share of EVs in new vehicle sales rose to 8.25 percent in fiscal year ending March 2026, up from 7.48 percent the year before. This growth reflects deliberate policy support: Schemes such as the PM E-DRIVE, the Production-Linked Incentive (PLI) for automobile manufacturing, and the PLI for Advanced Chemistry Cell (PLI-ACC) battery storage have lowered costs and de-risked investment for both manufacturers and buyers. Other countries pursuing their own EV transitions can draw on the same policy tools.
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
Enhancing Europe’s Grid Stability: Forced oscillation guidance on draft NC RfG 2.0
The ENTSO-E and WindEurope, jointly released the Technical Group on Forced Oscillations Report, to provide technical guidance on the proposed forced oscillation requirements introduced in the draft NC RfG 2.0. Although the report is non-binding, it is intended to form the technical basis for a future implementation guidance document after the EC formally adopts the revised network code. The report primarily focuses on wind power plants, although future requirements will also apply to other inverter-based power park modules, including solar photovoltaic plants and battery energy storage systems. As Europe moves towards an increasingly inverter-based power system, the report provides a practical framework for managing forced oscillations while highlighting the need for continued research and collaboration.
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Webinars & Videos
The Economics of Firm Solar and Wind: IRENA Insights
Solar and wind have become the cheapest sources of new electricity generation worldwide. As renewable penetration rises, however, the central challenge of the energy transition is increasingly one of adequacy and flexibility – ensuring that clean electricity is available when and where it is needed. This webinar presented findings from IRENA's report, 24/7 Renewables: The Economics of Firm Solar and Wind, which introduces the firm leveled cost of electricity (firm LCOE): a project-level benchmark that adds battery storage, generation overbuild and complementary renewables to the conventional LCOE.
Knowledge Centre
Oregon Energy Security Plan: Report
The Oregon Energy Security Plan Report 2026 published by the Oregon Department of Energy presents an overview of the state’s energy infrastructure, quantifies the threats and hazards that could cause energy insecurity, and proposes measures that the state and its partners can implement to reduce risk. The energy sector — including electricity, liquid fuels, and natural gas — is vital to the health, well-being, safety, economy, and way of life for Oregonians. Nearly all commerce and critical activities in the state rely on power and liquid fuels to operate and function.
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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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