Month: February 2026

Cost economics and policy landscape for the Indian floating solar sector

Cost economics and policy landscape for the Indian floating solar sector

February 23, 2026 | ,

India’s floating solar segment is at a transition point. Having demonstrated technical feasibility through a limited number of large projects, it must now shift decisively towards more scalable deployment. The pace of deployment needs to pick up too. Achieving even 10 per cent of the 100 GW potential by 2030 would require annual additions of roughly 2 GW, a sharp increase from the current levels. Going forward, the real test for floating solar will not be how many projects are announced, but how quickly these can move from site identification to commissioning, under a standardised and reliable national framework.

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Transmission Upgrade: Costa Rica undertakes grid expansion to accommodate renewables

Transmission Upgrade: Costa Rica undertakes grid expansion to accommodate renewables

February 23, 2026 |

Costa Rica’s electricity sector is undergoing a grid-centric transformation driven by the need for deeper renewable energy integration, enhancing grid stability against climate variability, and supporting rapid electrification of transport and industry. To expand and modernise the national grid to support integration of new generation and handle the new demand pressures, ICE has earmarked USD1 billion between 2025 and 2034 under its latest transmission plan, Plan de Expansion de la Transmision (PET) or Transmission Expansion Plan 2024-34.

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California is Lagging on Wind Development. Why?

California is Lagging on Wind Development. Why?

February 23, 2026 |

As California’s solar industry flourished, California’s wind industry has languished. California’s goal of adding 5.2-10.3 GW of new wind by 2030 and 22.5-25.5 GW of new wind by 2045 will be difficult to attain at the rate things are going. The first step will be to get early development activity going again both for in-state and out-of-state wind projects beyond the current pipeline. To do that, the state may need to identify and reduce barriers to in-state wind development and initiate the process to build more transmission lines that enable both in-state and out-of-state wind projects.

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Germany and Italy lead BESS installations in the EU

Germany and Italy lead BESS installations in the EU

February 23, 2026 | ,

In 2025, battery storage deployment reached a new record high of 27.1 GWh, a 45% increase compared to 2024. This marks a significant acceleration after growth slowed to 23% in 2024 as a result of fundamental shifts in market and policy dynamics. As anticipated, several challenges persisted in 2025, enabling higher annual growth rates but still below 2023 levels of 73%, alongside a completely different market composition. These rapid shifts show how quickly policy and market conditions can influence battery installation levels. In 2025, Germany and Italy kept their top positions as leading BESS markets.

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Qair secures financing for solar-plus-storage project in Mauritius 

Qair secures financing for solar-plus-storage project in Mauritius 

February 20, 2026 | ,

Qair has completed financing for the Stor’Sun hybrid project in Mauritius, combining solar and battery energy storage systems (BESS). The total investment amounts to approximately around $150 million.The financing structure includes partnerships with SBM Bank, which supported Stor’Sun I, II, and IV, and MCB, which financed Stor’Sun III. The hybrid project combines 60 MW of solar capacity with 256 MWh of BESS capacity.

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Crédit Agricole finances 385 MWp solar portfolio in France

Crédit Agricole finances 385 MWp solar portfolio in France

February 20, 2026 | , ,

Crédit Agricole CIB and Crédit Agricole Transitions & Énergies, together with other group banks, have co-arranged a structured financing package worth approximately €400 million for GreenYellow. The funding will support the rollout of a large portfolio of solar projects across France. The financing will enable the development of more than 350 solar plants primarily on parking carports, with a combined installed capacity of around 385 MWp. 

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Forêt Domaniale wind farm in Canada receives approval

Forêt Domaniale wind farm in Canada receives approval

February 20, 2026 | , ,

The 185.6 MW Forêt Domaniale wind farm has received government authorisation for construction. It will be located across forested areas within the municipalities of Cap-Saint-Ignace, Montmagny, Notre-Dame-du-Rosaire, and Sainte-Apolline-de-Patton in the Montmagny regional county municipality. The development is being undertaken through an equal partnership between EDF solutions électriques and Alliance de l’énergie de l’Est. 

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Factors Driving Electricity Prices in Maine: Report

Factors Driving Electricity Prices in Maine: Report

February 20, 2026 | , ,

Electricity rates in Maine are under pressure due to a combination of factors, including dependence on fossil fuels for electricity generation, growing storm-related costs, aging infrastructure, and inflationary pressures. The report finds that Maine can mitigate long-term cost and risk exposure by accelerating clean energy development, investing in load flexibility and energy efficiency, and strategically electrifying end uses that currently rely on fossil fuels.

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State of Energy Innovation 2026: Report

State of Energy Innovation 2026: Report

February 20, 2026 | ,

The report finds that the context for energy innovation is tilting towards competitiveness and security. Many of the innovation-relevant policies launched in 2025 promote technological strength for economic competitiveness and energy security. These are signals of an active ecosystem but innovators depend on a predictable funding and policy framework. The report shows that the value of spending on energy innovation can be seen in market outcomes, with public energy innovation support behind some recent, major steps forward in the energy sector. 

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Scaling Biomethane in Europe: Report

Scaling Biomethane in Europe: Report

February 20, 2026 | , ,

European biogas and biomethane production has experienced robust growth but remains dependent on policy support. Production increased by 34 per cent between 2015 and 2024, reaching 232 TWh or 22 Bcm, with Europe now accounting for nearly half of all global output. However, biomethane continues to face a persistent cost disadvantage relative to natural gas, with limited evidence of production cost reductions since the 2010s. The EU is unlikely to meet the REPowerEU biomethane ambition, signalling a subtle recalibration of gas decarbonisation expectations.

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Navigating Energy Transition in Brazil, Indonesia and South Africa: Briefing

Navigating Energy Transition in Brazil, Indonesia and South Africa: Briefing

February 20, 2026 | , , , ,

Brazil, Indonesia, and South Africa diverge in important ways: Brazil is a net crude oil exporter with a commodity-dependent growth model; Indonesia relies heavily on domestically produced coal but remains a major importer of oil products; and South Africa is a net importer of most fossil fuels and faces a protracted electricity crisis driven by the decline of its coal-based utility system. This briefing provides a snapshot of political economy insights relating to dynamics around energy security in Brazil, Indonesia, and South Africa.

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Waaree to set up 16 GWh battery gigafactory in India

Waaree to set up 16 GWh battery gigafactory in India

February 19, 2026 | , ,

Waaree Energy Storage Solution Limited (WESSL), a subsidiary of Waaree Energies Limited, will establish a 16 GWh lithium-ion battery gigafactory. The facility will cover cell manufacturing, battery packs, and large-scale battery energy storage systems (BESS). It will be situated at Rambilli in the Anakapalli district of Andhra Pradesh, India. WESSL will invest Rs 81.75 billion in the gigafactory.

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Hecate sells 2 GW US solar-plus-storage project to Savion

Hecate sells 2 GW US solar-plus-storage project to Savion

February 19, 2026 | , , ,

Hecate Energy Group has completed the sale of its up to 2,000 MW Cereza solar and storage project to Savion. The project is located at the US Department of Energy’s Hanford Site in southeastern Washington and was originally secured by Hecate in 2024. Under the agreement, Savion will take the lead on project development, with continued support from Hecate.

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Egypt approves 2.72 GW solar and 2 GWh BESS projects 

Egypt approves 2.72 GW solar and 2 GWh BESS projects 

February 19, 2026 | , , ,

The Egyptian Cabinet approved the implementation of four renewable energy projects by Kemet Industries Group, the executive arm of United Egypt Group for National Industries The approved portfolio comprises two solar plants in Bahariya Oasis with capacities of 320 MW and 400 MW. It also includes a 2,000 MWh standalone battery energy storage system in Nagaa Hammadi and a 2,000 MW solar plant in the same location.

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EIB funds three solar projects in Romania

EIB funds three solar projects in Romania

February 18, 2026 | ,

The European Investment Bank (EIB) has committed approximately €34 million to support the construction and operation of three solar projects in southwestern Romania. The projects will have a combined capacity of 190 MW and are expected to generate enough electricity to supply more than 160,000 households. They will be located in the Olt and Dolj counties in the Oltenia region, near the Danube river and the Bulgarian border. 

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Equinix inks solar VPPA for its Japanese data centers

Equinix inks solar VPPA for its Japanese data centers

February 18, 2026 | , ,

Equinix has entered into a 15-year virtual power purchase agreement (VPPA) with ENEOS Renewable Energy Corporation to source renewable electricity from the Sanda Mega solar power plant in Japan.  The project is located in Hyogo Prefecture, with the agreement covering 121 MW of solar capacity. The solar project is expected to support the company’s target of powering its data centres in Japan with 100 per cent renewable energy. 

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Lydian secures financing for solar and battery storage projects in US

Lydian secures financing for solar and battery storage projects in US

February 18, 2026 | , , ,

Lydian Energy has secured $689 million in financing for two solar projects, AC Ranch 1 and Yellow Viking, along with the Faraday battery energy storage system (BESS) project. The financing package is backed by CIBC and MUFG. It includes a construction-to-term loan, tax credit bridge loan, co-investment bridge loan, and a letter of credit facility.  The projects are part of Lydian’s portfolio backed by Excelsior Energy Capital.

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UK and California join forces for clean energy 

UK and California join forces for clean energy 

February 17, 2026 | ,

The UK and California have signed a new Memorandum of Understanding (MoU) to expand cooperation on clean energy, climate, and environmental initiatives. The agreement builds on longstanding collaboration between the two regions and establishes a refreshed framework to promote innovation, scale clean energy technologies, and strengthen links between businesses and research institutions. 

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Eiffage bags contracts for Spanish onshore wind projects 

Eiffage bags contracts for Spanish onshore wind projects 

February 17, 2026 | , ,

Eiffage, through its subsidiary Eiffage Energía Sistemas, has been awarded two infrastructure contracts in Spain by Capital Energy for onshore wind projects in the Castile and León region. The combined value of the contracts is over €80 million. The projects involve developing electrical infrastructure for wind farms with a total installed capacity of 270 MW. The projects are scheduled to be completed in 2027.

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EU to invest in Egyptian green hydrogen and grid modernisation projects

EU to invest in Egyptian green hydrogen and grid modernisation projects

February 17, 2026 | , ,

The European Commission has announced two renewable energy projects in Egypt with a combined value of approximately €124.3 million. Around €34.3 million will support the Sokhna green ammonia project, aimed at advancing green hydrogen development and related renewable energy deployment. Additionally, about €90 million will be allocated to the Egypt Grid Modernisation and Expansion programme.

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