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
BW ESS acquires 675 MWh BESS projects in Spain
BW ESS has acquired two standalone battery energy storage system (BESS) projects from Navacant in Spain. The projects, located in the Valencia region, have storage capacities of 99 MW and 27 MW, respectively. Together, the projects have a combined capacity of 126 MW/up to 675 MWh. Furthermore, the projects are expected to reach ready-to-build status in 2027 with commercial operations targeted for 2028.
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
Who Is Actually Powering South East Asia’s Buildings
Corporate power purchase agreements, on-site solar, and battery storage are moving from pilot projects to standard practice across the region's building sector. What has not caught up is uniformity. For most of the past three decades, power procurement across South East Asia ran through a single channel: a state-owned utility signing long-term contracts with independent power producers, mostly for coal and gas. That structure delivered grid buildout at scale, but it left little room for a corporate buyer to simply choose a renewable supplier. The shift now underway, allowing companies to contract more directly with renewable generators, is a genuinely new development, and it is unfolding at different speeds in every market.
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
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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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