Iberdrola España and Mercadona have signed long-term power purchase agreements (PPAs) for over 300 MW of wind and solar energy projects in Spain. The renewable power from these projects will be supplied to Mercadona’s logistics centres and supermarkets. The companies aim to strengthen their collaboration through the long-term PPAs and to further support the electrification of their operations.
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Leeward Renewable Energy (LRE) has commenced construction on the Twelvemile Solar 1 & 2 project portfolio. The portfolio has a combined capacity of 152 MW and is situated in southern Oklahoma, US. Power delivery by the project is anticipated to commence early in 2026. The projects are part of LRE’s 724 MW solar portfolio in the state, which also includes the Mayes County Solar Portfolio.
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The Government of Canada and the Province of Nova Scotia have allotted the first four offshore wind energy areas in Canada. The four areas are French Bank, Middle Bank, and Sable Island Bank off mainland Nova Scotia and Sydney Bight off Cape Breton. This is a key step in developing the offshore wind industry that will provide long-term energy security. The aim is to license 5 GW of offshore wind by 2030.
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New York has launched bulk energy storage request for proposals (RFP). The initiative aims to procure 1 GW of bulk energy storage as a part of the state’s 6 GW energy storage roadmap. The solicitation is being administered by New York State Energy Research and Development Authority (NYSERDA) via its Bulk Energy Storage Program. The Bulk Energy Storage Program by NYSERDA employs the Index Storage Credit (ISC).
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APG Asset Management (APG) has formed a partnership with Octopus Australia and intends to invest over AUD 1 billion in OASIS, which is Octopus Australia’s flagship renewable energy platform. The partnership will speed up Octopus Australia’s growing pipeline of utility-scale solar, wind, and battery storage projects. Furthermore, APG has joined the existing investors in Octopus Australia platform.
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Opdenergy has acquired a portfolio of operational wind assets from Acciona Energía. The portfolio consists of 13 wind farms, and the assets have a total capacity of 440 MW. The wind farms are situated in the regions of Albacete, Cádiz, Cuenca, Lleida, Valencia, and Zamora. Valued at over €500 million, the transaction is anticipated to close by the year’s end, subject to necessary regulatory approvals.
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Atlas Renewable Energy has secured a roughly BRL 1 billion ($179 million) financing package from Brazil’s National Bank for Economic and Social Development (BNDES). The financing is for the construction of the Draco Solar Complex, which is situated in Minas Gerais, Brazil. The solar complex will consist of 11 photovoltaic power plants with a combined installed capacity of 505 MWac.
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Zelestra and EDP have inked a long term power purchase agreement (PPA) in Spain. The agreement combines large-scale solar and battery storage projects and technologies. Under the agreement, Zelestra will build a project consisting of 170 MWdc of solar capacity and 400 MWh of battery storage. The project will be located in Trujillo, Extremadura, Spain. Construction of the project will commence in the second half of 2025.
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Repsol and Stargate Hydrogen have entered into an alliance in Spain. Repsol´s Corporate Venture arm has acquired a minority stake in Stargate Hydrogen’s share capital. The integration of Repsol as a partner will allow the company to boost its manufacturing capacity, speed up research and development initiatives, and strengthen its commercial operations across Europe, the Middle East, and Asia. The alliance aims to reduce the cost of renewable hydrogen production.
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Scotland’s Neart na Gaoithe (NnG) offshore wind farm, co-owned by EDF power solutions UK and Ireland (EDF) and ESB, has become fully operational. Located 15.5 km off the coast of Fife, the wind farm has 54 wind turbines now generating up to 450 MW of clean and green electricity. The electricity generated from the project will be sufficient to power around 375,000 homes, and will offset over 400,000 tonnes of carbon emissions each year.
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Vena Energy has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India Limited (SECI) for a 100 MW renewable energy project under the firm and despatchable renewable energy (FDRE) scheme. The agreement marks India’s first load-following PPA, designed to align energy supply with the hourly demand profile of discoms. Furthermore, the project is Vena Energy’s first integrated wind-solar-storage project in India.
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Amogy has partnered with GreenHarvest for the deployment of an ammonia-to-power system in Taiwan. Under this partnership, Amogy will provide the ammonia-to-power system, whereas GreenHarvest as the power generation and distribution partner, will lead local integration. Installation of the system is scheduled between late 2026 and early 2027. The installation will take place at a selected large industrial electricity consumer facility in Taiwan.
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Africa’s energy landscape presents vast untapped renewable energy (RE) resources juxtaposed against a backdrop of widespread energy poverty. Despite being rich in solar, wind, hydro and geothermal potential, the continent has the lowest electricity access rates globally, with about 600 million living without power. RE offers an answer to this electricity deficit. Yet despite this potential, the actual deployment of RE has been limited. The private sector could be key to filling the investment and deployment gaps in Africa’s RE sector.
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India’s CBG sector is gaining traction, backed by abundant biomass availability, supportive policy interventions, the need for sustainable waste management and a growing emphasis on domestic energy security. The sector is seen as a critical enabler of crude oil import reduction, soil health restoration, mitigation of pollution caused by biomass burning and advancement of India’s energy self-reliance goals. India possesses a vast and diverse biomass base that can support a distributed and robust CBG production model. The sector has been on a long learning curve; now, it seems set to leverage these learnings for larger overall gains.
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In 2023, the Asia-Pacific region accounted for over 90 per cent of global investment in coal, representing 13 per cent of energy investment globally. Demand for coal in ASEAN economies is projected to grow by five per cent annually, from 491 million metric tons (Mt) in 2024 to 567 million Mt by 2027. Without urgent steps to phase out coal and scale up diversified clean energy infrastructure, the region risks locking-in carbon-intensive pathways, undermining both climate goals and long-term energy security, and missing out on the opportunity to reduce air pollution.
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The North American power grid is often referred to as “the world’s largest machine.” 70% of the grid is over 50 years old, and it’s being tested in unprecedented ways. The American Society of Power Engineers gave the U.S. grid a grade of C- in its 2021 report card. Energy demand is growing for the first time in decades, spurred by resurgent manufacturing, rapacious data center growth and nascent electrification of industries once built on fossil fuels, such as the shift from gas-powered cars to electric vehicles. The U.S. power grid needs help. Advanced transmission technologies are an important part of the solution.
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VSB Group has secured a contract for difference (CfD) for a 303 MWp solar park as part of this year’s renewable energy auction organised by the Polish Energy Regulatory Office (URE). Located in the Lower Silesian Voivodeship, the project is expected to commence construction in October 2025. The project is expected to be connected to the grid in the second quarter of 2027. Furthermore, the project benefits from a 15 year contract for difference.
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Nautilus Solar Energy, on behalf of its affiliate Nautilus US Power Holdco (NUPH), has unveiled a $275 million tax equity partnership with Greenprint Capital. The investment will support around 25 to 30 community solar projects that will deliver over 130 MW of clean energy across the states of Maryland, New York, Rhode Island, and Delaware. NUPH is the long-term owner of the projects.
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Masdar and Iberdrola have secured financial close for the East Anglia THREE offshore wind farm in UK. The wind farm has a capacity of 1.4 GW and has secured total project financing facilities of €4.1 billion with 23 banks and the Danish Export Credit Agency (EIFO). The financing will cover a substantial portion of the total project costs, estimated to be around €5.2 billion. The project is located off the Suffolk coast in UK.
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By integrating energy system modelling, technology assessments, and policy recommendations, this report provides structured guidance to support Viet Nam’s transition to a carbon-neutral economy whilst sustaining economic growth and ensuring long-term energy security. It employs a comprehensive energy system modelling approach to evaluate Viet Nam’s pathways towards carbon neutrality. The analysis addresses regulatory frameworks, infrastructure readiness, public acceptance, and economic viability.
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