The Electricity Generating Authority of Thailand (EGAT) has awarded a contract to ANDRITZ for the replacement of two pumped storage units at the Srinagarind hydropower plant with new, state-of-the-art units. The plant is located on the Kwai Yai River in Kanchanaburi province, Thailand and has a total capacity of 720 MW comprising three Francis units and two pumped storage units.
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Copenhagen Infrastructure Partners (CIP), through its CI Advanced Bioenergy Fund I (CI ABF I), has made the final investment decision for the acquisition of a combined pre-treatment and biogas facility from Ørsted in Northwich, UK. The facility currently includes a pre-treatment unit for municipal solid waste and a biogas plant generating electricity for the grid. CIP plans to refurbish and convert the facility into a dedicated biogas plant.
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Treaty Oak Clean Energy has entered into long-term power purchase agreements (PPAs) with Meta for two utility-scale solar projects in Louisiana, with a combined capacity of 385 MWac. The two projects are the Beekman solar project in Morehouse Parish, which will supply 185 MWac of power, and the Hollis Creek solar project in Sabine Parish that will deliver 200 MWac.
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Decarbonising heavy industry sectors, especially ammonia, aluminium, cement, and steel, is critical to meet the EU’s proposed 90% net Greenhouse Gas (GHG) emissions reduction target by 2040, and climate neutrality by 2050. It is also a strategic economic imperative, supplying critical inputs to downstream sectors. Reducing their exposure to volatile fossil fuel markets by accelerating their transition will be vital to safeguarding Europe’s industrial resilience, competitiveness and longterm prosperity
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The City of Seattle and Seattle City Light have made supporting transportation electrification a core priority for the years ahead. Although still nascent, ZE-MHDVs have the potential to be a significant source of new load for City Light because fleets serving the Ports of Seattle and Tacoma are expected to electrify over the next 10–15 years. This brief assesses existing strategic plans guiding City Light’s approach to transportation electrification.
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The European Bank for Reconstruction and Development (EBRD) has announced a financing package worth $142 million for two special-purpose vehicles (SPVs) developing a solar-plus-storage project in Uzbekistan. The project involves constructing 1,000 MW of solar photovoltaic capacity and 1,336 MWh of battery energy storage system (BESS) across two sites in the Samarkand and Bukhara regions.
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Iberdrola has issued €1 billion in green hybrid bonds to refinance a hybrid bond maturing early next year. The bond, perpetual in nature, includes a repurchase option starting in August 2031 and carries a coupon of 3.75 per cent. The issuance complies with both the International Capital Market Association’s Green Bond Principles and the European Union Green Bond Standard. Investor demand for the issuance reached €8 billion.
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Excelsior Energy Capital has announced that the Faraday Solar project has reached operational readiness and commenced commercial operations. The project has an installed capacity of 685.3 MWdc and is located in Utah County, Utah. It has a 20-year power purchase agreement (PPA) with PacifiCorp. Meta will procure energy and environmental attributes from the project to provide clean energy to its operations in Utah.
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The transition of ASEAN towards renewable energy is marked by strategic ambitions, shifting policies and complex geopolitics. To maximise socio-economic benefits, ASEAN would therefore need to harmonise regional policies, develop just transition strategies, improve grid inter-connection, develop critical minerals and launch targeted upskilling initiatives, while carefully balancing geopolitical influences from external actors and ensuring equitable and resilient development across all member states.
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Saudi Arabia’s Power Procurement Company (SPPC) has awarded five renewable energy projects under the sixth phase of the National Renewable Energy Programme, with a cumulative capacity of 4.5 GW. The awarded projects include one wind and four solar projects, with total investments exceeding $2.4 billion. SPPC will oversee predevelopment studies, tendering, and power purchase agreements for the projects.
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The European Union (EU) has allocated €15.3 million under the Connecting Europe Facility (CEF) to support preparatory work for the Baltic Sea Hydrogen Collector (BHC) project. The offshore hydrogen pipeline aims to connect renewable hydrogen markets between Finland and Germany. The allocated funds will be used to conduct preparatory studies, including technical pre-FEED, regulatory and environmental assessments.
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Austin Energy has entered into an agreement with Jupiter Power to supply up to 100 MW of electricity from a utility-scale battery energy storage system (BESS) project in Houston, Texas. The contract is valued at approximately $14.4 million per year, with a duration of up to 20 years. This amounts to a total of around $288 million over the contracted period. The BESS will store electricity during low-demand periods and release it when demand peaks.
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Ignitis Group has secured €318 million in project financing from a consortium of institutional and commercial lenders to fund the 314 MW Kelmė onshore wind farm in western Lithuania. The financing includes €100 million loan from European Investment Bank, €98.5 million loan from Swedbank, €79.5 million loan from European Bank for Reconstruction and Development, and €40 million loan from Nordic Investment Bank.
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Meta has entered into a new power purchase agreement (PPA) with ENGIE to offtake the entire output from a 600 MW solar project in the US. The agreement pertains to ENGIE’s Swenson Ranch solar farm, located in Stonewall County, Texas, which is scheduled to be commissioned in 2027. Under the PPA, Meta will source 100 per cent of the electricity generated from the project to power its data center operations across US.
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The Inter-American Development Bank (IDB) has approved a $67 million financing package for Banco do Nordeste do Brasil S.A. (BNB) to boost renewable energy integration from Brazil’s Northeast region into the national grid. The initiative aims to strengthen grid reliability and improve the efficiency of the country’s power supply. Implementation will commence following the completion of necessary legal procedures under Brazilian law.
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The solar energy potential in Southeast Asia far exceeds its current deployment. The region boasts an estimated 16 TW of solar energy potential, yet as of 2023, only about 26 GW have been installed. To meet net zero targets, it is estimated that annual renewable energy capacity additions must increase sevenfold for solar energy, from an average of 5 GW per year between 2018 and 2021 to about 36 GW annually from 2030 to 2050. According to the AIMS III, 18 priority interconnection projects have been identified, aiming to increase the existing transmission capacity of 7.7 GW to 17.6 GW by 2040.
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In July 2025, the UK’s energy regulator, Ofgem, published its final decision and updated policy position on the onshore electricity transmission early competition commercial framework. The latter will apply to CATOs, which will finance, build, operate and maintain assets on the electricity transmission network. The framework is being implemented in line with the Energy Act, 2023, and associated secondary legislation, which created the statutory basis for CATOs. The approach complements the government’s Clean Power 2030 Action Plan, recognising the critical role of timely transmission build-out for integrating renewable generation.
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More coal is not the answer to today’s energy challenges. What the U.S. needs to keep prices down, meet rising demand and stay competitive on a global scale is: to build wind, solar and batteries rapidly now, because they are the quickest to install and least expensive source of energy in many regions; and to scale up clean, firm power — a variety of low-carbon sources, including next-generation geothermal, nuclear and hydropower, that can operate around the clock.
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Shanghai Electric has signed an agreement with Econergy Renewable Energy for the second phase of the 342 MW solar project in Parau, Romania. Once completed, the Parau Phase II project will supply clean power to both residential and commercial consumers. The Parau Phase II project follows the successful completion of the Parau Phase I 91.4 MW solar plant, which received its provisional acceptance in November 2024.
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The World Bank has approved financing for Mongolia’s Fourth Energy Sector project, which aims to enhance the reliability and capacity of the country’s central energy system transmission grid while advancing integration of renewable energy sources. The project is expected to add 590 MW of transmission capacity and facilitate the integration of approximately 150 MW of solar and wind power into the national grid.
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