Masdar and Elektroprivreda Crne Gore (EPCG) have formed a 50/50 joint venture (JV) in Montenegro. The JV, headquartered in Nikšić, will deploy solar, wind, hydropower, pumped storage, BESS, and hybrid energy solutions. It aims to meet domestic energy demand while enabling renewable power exports across the Western Balkans and Southern Europe.
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Sonnedix has signed three power purchase agreements (PPAs) with Copec EMOAC for the Sonnedix Librillo project in Chile. The project features a 117 MW standalone battery energy storage system (BESS) with 5-hour duration, enabling a total storage capacity of 643.8 MWh per day. The project is expected to commence operations by April 2027.
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L&T Energy GreenTech Limited (LTEGL), a wholly owned subsidiary of Larsen & Toubro (L&T), has entered into a long-term partnership with ITOCHU Corporation. Under this agreement, LTEGL will supply 300,000 tonnes per annum (TPA) of green ammonia to ITOCHU. The supply will be on a captive, long-term take-or-pay basis from LTEGL’s proposed production facility in Gujarat, India.
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Geronimo Power has begun commercial operations at the 270 MW Blevins Solar Project, located in Falls County, Texas within the ERCOT market. The project has power purchase agreements (PPAs) with Fujifilm and Bristol Myers Squibb. The project is expected to generate sufficient electricity to power around 88,900 homes annually. Additionally, the project will offset over 9 million metric tonnes of carbon emissions in its first 20 years of operation.
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The European Bank for Reconstruction and Development (EBRD) will provide a €70 million loan to Renalfa IPP to support energy projects in Hungary. The funding is part of the €210 million package for the development, construction and operation of the 450 MW solar PV portfolio with 250 MW/1,000 MWh battery energy storage systems (BESS) located in Northeastern Hungary.
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Neoen has secured two 20-year contracts from the Independent Electricity System Operator (IESO) for two new solar farms of 318 MWp (250 MWac) combined capacity in Ontario. The contracts cover 100 per cent of the new plants’ output. The projects include a 253 MWp solar farm near Dunns Valley and a 65 MWp solar farm near Paradis Bay. The combined generation from these projects is expected to reach approximately 475 GWh on an annual basis, powering over 50,000 homes in Ontario.
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Qualitas Energy has secured 126 MW across three wind projects in February 2026 onshore wind auctions conducted by the German Federal Network Agency. The projects, located in Lower Saxony, North Rhine-Westphalia, and Baden-Württemberg, involve the development of 18 turbines. The projects will power around 84,000 households once they commence operations.
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Nel Hydrogen US has received a $7 million purchase order from Mesure Process to supply containerised PEM electrolyser equipment for European hydrogen projects. The units will produce 100 per cent renewable hydrogen to support both high-demand hydrogen refueling stations for mobility and industrial export applications. The project, managed by Synqo Energies as the EPC supplier, is expected to commence operation in 2027.
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Copenhagen Infrastructure Partners (CIP) has issued the final notice to proceed (FNTP) for the Patache BESS project, marking its official construction. The project is located in Iquique, Chile. The project has a 300 MW/1,500 MWh capacity. The project is being managed through CIP’s Growth Markets Fund II. The project builds on CIP’s 1,100 MWh Arena BESS project in the Antofagasta region.
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After 15 years of nearly flat U.S. electricity consumption, demand has increased by 2.1% per year, on average, over the last five years. Electricity consumption will continue growing through 2050 at a rate of 0.9% to 1.6%, with data center server energy use a major factor. Energy use in commercial buildings, home to data center activity, grows more rapidly than in the residential or industrial sectors in all modeled cases. AI servers will increasingly skew more energy intensive, the installed stock of AI servers grows exponentially through at least 2040, and computational efficiency will increase over time.
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Mulilo has achieved financial close on the 380 MW Beaufort West Solar PV facility in the Western Cape. The plant features a 250 MWAC export capacity and is connected to the Droërivier substation. The project is backed by Copenhagen Infrastructure Partners (CIP) and Norfund, with multi-bank funding from Absa, Standard Bank, Investec, and Nedbank. The facility, once operational, will generate 818 GWh yearly which is sufficient to power 345,000 homes while offsetting 860,000 tonnes of carbon emissions annually.
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Adaptation finance is becoming a defining priority for global climate and development agendas. China is already demonstrating its ability to leverage ambitious policies to accelerate mitigation finance. The country now has an opportunity to translate its adaptation frameworks into finance at scale. Achieving this could help to safeguard its own development and that of international partners. It can also demonstrate a context-specific path to success that may generate lessons for other climate-vulnerable countries seeking to integrate resilience into national growth strategies.
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Spain’s energy transition is increasingly a transmission challenge. Without a significant acceleration in grid expansion and modernisation, renewable growth risks being constrained by congestion, system instability and rising curtailment of clean energy. This urgency is reflected in Spain’s evolving transmission strategy. It marks a shift from incremental reinforcement to systemic redesign, with the proposed EUR13.1 billion investment programme for 2025-30, positioning the grid as a central enabler of the country’s next phase of the energy transition.
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A total of 460,299 medium- and heavy-duty vehicles (MHDVs) were registered in 2025 in the United States, of which 2,375 (0.52%) were zero-emission. Total registrations contracted by 7.6% compared with 2024, and zero-emission registrations had a sharper decline of 15.5%. The annual zero-emission registration share slipped from 0.56% in 2024 to 0.52% in 2025, ending the upward trend observed in recent years. California had the highest number of new zero-emission MHDV registrations in 2025 (875), followed by Texas (152), New York (119), Pennsylvania (112), and New Jersey (103).
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The 2026 edition of Energy Technology Perspectives is published against the backdrop of a fast-changing policy and technology landscape. Governments are working to establish secure and resilient supply chains for clean energy technologies while advancing key energy policy goals such as energy security, affordability and economic competitiveness, as well as climate and other environmental goals. In a landscape that is constantly evolving, this report aims to deliver timely insights into the status and outlook of technology deployment, manufacturing, project pipelines, investments, and trade of different energy technologies and materials.
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The report presents Germany’s experience, where removing administrative and technical enabled barriers the rapid expansion of plug-in solar. It provides detailed analysis from the perspectives of policy design, market development, safety standards, and applications in multi-family housing. Plug-in solar is a new type of small-scale, low-cost, and easy-to-install solar system that has been rapidly expanding, particularly in Germany. Even people living in apartment buildings can generate their own electricity by installing systems on balconies or similar spaces, significantly broadening access to solar power.
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Amazon Australia has signed nine power purchase agreements (PPAs) to add 430 MW of clean energy to the grid across New South Wales and Victoria. The projects will increase Amazon’s total renewable capacity in Australia to nearly 1 GW (990 MW) once operational. The portfolio includes: one wind farm, three utility-scale solar and battery hybrids, four distributed solar-battery projects, and a new battery installation at the Mokoan Solar Farm.
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REDEN has signed a joint development agreement (JDA) with Circle Energy to develop battery storage energy system (BESS) projects in Spain. The partnership will deliver up to 200 MW of utility-scale battery energy storage capacity over the coming years. Both companies emphasise responsible development, prioritizing compliance, stakeholder engagement, and positive environmental and social impact.
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Kruger Energy has begun construction of the 196 MW Saint-Paul-de-Montminy wind farm located within the municipalities of Saint-Paul-de-Montminy, Notre-Dame-du-Rosaire and Sainte-Apolline-de-Patton in Quebec. The project involves an investment exceeding $580 million. The project is expected to be commissioned by December 2027 and has secured all required approvals.
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In Türkiye, electricity generation has shifted rapidly over the past three years, marked by accelerated growth in solar energy and record wind installations in 2025. Wind and solar combined generated 22% of electricity, helping to limit the pressure on natural gas imports caused by drought-driven declines in hydroelectric generation. However, coal remains the largest source of electricity generation at 34%, with two-thirds of this production relying on imports. While Türkiye still lags behind many European countries in renewable energy share, it stands out with its expanding battery project pipeline.
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