ACWA Power has inked a memorandum of understanding (MoU) and strategic partnership agreements (SPA) with key Malaysian entities. The company has inked an MoU with the Malaysian Investment Development Authority (MIDA) for the development of up to 12.5 GW of power generation capacity by 2040. The SPAs and heads of terms have been inked for joint development agreements with Tenaga Nasional Berhad (TNB), Terengganu Inc., and UEM Lestra.
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Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has inked an agreement with ACEN to sell a 25 per cent stake in the San Miguel Bay offshore wind project. The project has a potential installed capacity of up to 1 GW and is situated in Camarines Sur, Philippines. The project is currently in its pre-development stage in anticipation of the Department of Energy’s 5th round of the Green Energy Auction (GEA-5).
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Arevon Energy has secured a $98 million tax equity commitment for its Ratts 1 and Heirloom solar projects. The tax equity commitment has been secured from Fifth Third Bank. The projects will add 265 MW of new domestic energy to Pike County, Indiana. Ratts 1 solar project has a capacity of 192 MWdc, and the Heirloom solar project has a capacity of 73 MWdc. The projects are expected to be fully operational later in 2025.
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This market spotlight by the International Council on Clean Transportation highlights that the average share of battery electric vehicles (BEVs) among total new registrations in Europe increased 1 percentage point to 17% in April 2025, up from 16% in March. While several manufacturer pools had decreases in BEV shares of 1 or 2 percentage points in April compared with the previous month, including the BMW, Mercedes-Volvo-Polestar, Hyundai, TeslaStellantis-Toyota, and Renault pools, other pools increased their shares. The 19% BEV share of the Volkswagen pool was a notable jump of 7 percentage points over its 2024 average.
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This report by EMBER concludes that ASEAN’s data centre industry is expanding rapidly, driven by global digitalisation trends like cloud computing and generative AI. This growth, while critical for the region’s digital economy, is fuelling a sharp rise in electricity demand and greenhouse gas emissions due to heavy reliance on fossil fuel-based grids. This poses a significant threat to ASEAN’s energy transition agenda, risking setbacks of power sector decarbonisation. Governments should place the issue of sustainability, especially the energy transition, at the forefront of efforts to achieve a digital leap and transform national economies.
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The report “The State Of Clean Energy Manufacturing” by American Clean Power summarises that American clean power is leading a manufacturing renaissance across the country. Solar cells and modules made in Ohio, manufactured steel in New Mexico, advanced batteries in West Virginia, offshore service vessels built in Louisiana, and wind turbine blades in Iowa are just a few examples of the output from the 200 manufacturing facilities actively building primary clean power components to supply booming U.S. demand for new energy.
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Kenya’s transport sector is the second-greatest contributor to the country’s greenhouse gas (GHG) emissions, accounting for 13 percent of total emissions. Over 75 percent of Kenyans can access clean energy, so switching to electric vehicles (EVs) could help Kenya curb air pollution and reach its decarbonization goals. But far fewer than 1 percent of vehicles sold in Kenya annually are electric. This working paper analyzes the obstacles that are hampering the transition to cleaner vehicles, identifies opportunities to tackle these problems, and compares Kenya’s efforts to promote electrification with what other countries are doing.
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RGE and TotalEnergies have entered into a co-investment agreement to develop, build, and operate a solar photovoltaic power plant with a battery energy storage system in Riau Province, Indonesia. The two companies have entered into this agreement through their equally owned joint venture, Singa Renewables. The utility-scale project will be constructed in phases. Upon completion, the project will provide clean solar energy export to Singapore.
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RIC Energy and Siemens have inked a memorandum of understanding (MoU) to develop projects in the field of renewable hydrogen, green ammonia, and e-fuels in Spain. The collaboration of the two companies will boost the sustainable aviation fuel (e-SAF) plant. The plant is being promoted by RIC in Cubillos del Sil (León) and is known as the Compostilla Green project. The collaboration also extends to the Besaya project in Torrelavega, an initiative by RIC Energy.
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ACCIONA Energía has started commercial operations at the Forty Mile wind farm. The project has a capacity of 280 MW and is situated in Alberta, Canada. The wind farm features 49 Nordex turbines, each with a capacity of 5.7 MW and a tower height of 108 meters. The project is expected to contribute over €85 million in property tax revenues over its lifetime. Furthermore, the project will reduce carbon emissions by 6,00,000 metric tonnes per year.
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The Ministry of New and Renewable Energy (MNRE) of India has announced detailed guidelines for Indian participants under the European Union (EU)-India joint call for proposals on waste-to-renewable hydrogen innovation. This initiative, launched under the EU-India Trade and Technology Council working group 2, supports collaborative projects focused on converting biogenic waste into renewable hydrogen through biochemical and thermochemical pathways.
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South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) has launched tenders for 1 GW of solar and 1.25 GW of offshore wind projects. The ministry will open a solicitation for fixed-bottom offshore wind projects by June. After that, it will determine the quotas for floating offshore wind and onshore wind capacity. Out of the total 1.25 GW on offer, approximately 500 MW will be reserved for public-led offshore wind bidding.
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OCI Energy, CPS Energy, and LG Energy Solution Vertech, which is the US energy storage division of LG Energy Solutions, have inked a memorandum of understanding (MoU) for the Alamo City battery energy storage system (BESS) project. The project has a capacity of 120 MW/480 MWh and is currently under development in Bexar County, Texas. OCI Energy is the project developer. The project is expected to reach commercial operation in 2027.
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Sungrow and Globeleq have inked a BESS supply and a 15-year long-term service term sheet for the Red Sands battery energy storage system (BESS) project. The project is situated in South Africa and has a capacity of 153 MW/612 MWh. The project is a part of South Africa’s inaugural Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). It is expected to reach financial close in 2025 and will begin operations in 2027.
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AM Green and the Port of Rotterdam Authority have inked a memorandum of understanding (MoU) to develop a green energy supply chain between India and Northwestern Europe via Rotterdam. This includes supplying bunkering fuels and sustainable aviation fuels (SAF). It also includes analysing the requirements for developing terminal infrastructure in Rotterdam and along the supply chain to Northwestern Europe.
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Equinor and Polenergia have reached financial close for the Bałtyk 2 and Bałtyk 3 offshore wind projects. The two companies are project joint venture partners with 50 per cent share each in the projects. Two financing packages of over €3 billion for Bałtyk 2 and over €3 billion for Bałtyk 3, including ancillary facilities, have been secured. The two projects have a total power capacity of 1440 MW. The projects are expected to reach full commercial power production in 2028.
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Energy Estate has entered the US market with the acquisition of the San Luis Industrial Complex (SLIC) from San Luis Renewables and Our Energy, the co-developers of the project. SLIC is slated to receive funding through a $12.6 billion public-private partnership, the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES). ARCHES is California’s initiative to accelerate renewable hydrogen projects and infrastructure.
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EDF Renewables has secured $10 million debt financing from the Mirova Gigaton Fund. The financing will support the company’s off-grid businesses in Africa under the EDF Energy For All platform. In Africa, EDF Renewables, through the EDF Energy For All platform and its subsidiaries, is providing off-grid energy solutions that help isolated rural communities gain access to reliable electricity.
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While the focus is primarily on solar modules, inverters and storage technologies, the less visible but equally critical balance of system (BoS) components, such as solar cables and connectors, form the electrical backbone of solar installations. These components ensure efficient electricity transmission, operational reliability and safety. As the sector transitions to 1,500 V systems, performance expectations for cable insulation, thermal stability and connector endurance have increased.
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Although it is the only ASEAN country (of 10 nations) that has not set a net zero target, the Philippines aims to increase the share of renewable energy sources (RES) in its electricity mix to 35 per cent by 2030 and 50 per cent by 2040 (from over 16 per cent currently). It also plans to interconnect its islands through a unified electricity grid to enhance power sharing and optimise generation. This requires substantial investment in the transmission infrastructure, which is managed and operated by the National Grid Corporation of the Philippines (NGCP). On its part, the NGCP has maintained its commitment to improving and expanding the country’s network. Between 2009 and 2024, the NGCP added 5,475 ckt km of transmission lines and 40,495 MVA of substation capacity. In March 2025, the NGCP outlined its future plans for further investment in the grid in its latest Transmission Development Plan (TDP) 2025-50, which revises the previous 2024 version with new data and strategies, aligning with the government’s RES targets.
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