Iberdrola Renewables Polska, a subsidiary of Iberdrola Group, has secured funding of about €44 million for the development of three battery energy storage system (BESS) projects in Poland. The funding has been provided by the Polish National Fund for Environmental Protection and Water Management. The projects will together deliver a total installed capacity of 160 MW
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Envision Energy has entered into a wind turbine supply agreement with REE Group for nearshore wind projects with a combined capacity of 128 MW in Vietnam’s Vinh Long province. The portfolio includes the V1-3 Phase II project with 48 MW capacity and the V1-5 and V1-6 Phase II projects totaling 80 MW. The projects will deploy 16 EN-226/8.X MW offshore wind turbines.
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Saudi Arabia and the Republic of Türkiye have entered into an intergovernmental agreement covering renewable energy projects. The agreement was executed by the Ministry of Energy of Saudi Arabia and the Ministry of Energy and Natural Resources of Türkiye. It provides for the development of solar projects in Türkiye with a total installed capacity of up to 5,000 MW, to be implemented in two phases.
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The European Commission has approved nearly €650 million in grants under the Connecting Europe Facility (CEF) to support 14 cross-border energy infrastructure projects. The allocation aligns with the European Grids Package. Additionally, this funding round includes support for protecting critical energy infrastructure and advancing hydrogen-related projects.
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Younan Company has announced the development of a large utility-scale solar and battery storage project in California under Soleil Renewable Energy, LLC. The project is planned in East Kern county, on approximately 3,200 acres of owned land. It will have a solar generation capacity of 880 MWdc, equivalent to 700 MWac, paired with a 460 MW battery energy storage system. Commercial operations are targeted for mid-2028.
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PSP remains the world’s dominant grid‑scale storage technology, with global installed capacity reaching ~189 GW in 2024, according to the IHA’s 2025 World Hydropower Outlook. In 2024 alone, about 8.4 GW of new PSP capacity was added globally. The global PSP development pipeline now exceeds 600 GW, with more than 105 GW under construction, of which over 90 GW is in China. IHA estimates that existing PSP plants can store up to ~9,000 GWh of electricity, providing critical inertia, frequency regulation, and long‑duration storage for high‑renewables grids.
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The Electricity Act 2023 is more than just a policy reform, it is an invitation to reimagine Nigeria’s energy future through bottom-up innovation, state-driven leadership, and a coordinated national vision. It is therefore imperative for development partners to collaborate with state authorities to help shape an energy transition that aligns with national goals. Moreover, aligning state-level planning with strong, decentralized market structures presents an opportunity to increase grid resilience and supply availability and reliability at optimal cost.
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As the energy transition accelerates, China-Gulf relations are undergoing a profound transformation. Central to this shift is the evolution of energy partnerships, from the traditional fossil fuel exports that fueled China’s industrial rise, to strategic, mutually beneficial collaborations in clean energy technologies. Looking ahead, both sides should prioritize three interconnected initiatives: establishing a Middle East hydrogen hub, modernizing regional grids to enable seamless integration of renewables, and rapidly scaling EV infrastructure to promote sustainable transportation.
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While critical minerals are essential to securing a clean energy future, mining is an extractive practice with environmental and social risks that has historically done more harm than good. This legacy, especially for Tribal Nations and Native communities, has created deep distrust and widespread opposition to new projects in the U.S. Meaningful community engagement will be crucial moving forward — not only to unlock development and meet the country’s resource needs, but to avoid harm and provide tangible benefits to the communities hosting these projects.
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