Neoen has been awarded a 20-year capacity services contract from the Independent Electricity System Operator (IESO) for a 200 MW/1,600 MWh battery energy storage (BESS) project in Ontario. The project was awarded through Ontario’s Long-Term 2 Capacity Services procurement process. The project will provide 190 MW of capacity services over an eight-hour duration.
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Matrix Renewables has closed a $1.3 billion financing package for a US portfolio comprising 859 MWdc of solar and 167 MWh of battery energy storage projects (BESS) across Texas, California, and Idaho. The transaction includes over $470 million in construction-to-term loans, around $400 million in tax equity bridge financing, and approximately $100 million in letters of credit.
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In 2026, the United States surpassed 6 million solar installations, just two short years after it reached 5 million installations. For Americans looking to save on their utility bills and, for those who add batteries, ensure resilient access to power during a grid outage, solar and storage are the go-to solutions. There is enough solar installed in the United States to power roughly 50 million households, and by 2034, there will be enough solar capacity to power 100 million homes. In 2025, a new solar project was installed every 59 seconds, and solar and storage combined to provide 79% of all new energy capacity added to the U.S. grid.
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Europe is faced with the unprecedented challenge of meeting its energy transition goals of achieving climate neutrality by 2050 (at least 55 per cent emission reduction by 2030), while simultaneously phasing out reliance on Russian fossil fuels (by 2027) and ensuring energy security, affordability, and industrial competitiveness. To address concerns over lagging transition investment in Europe, in March 2026, EC published the Clean Energy Investment Strategy (CEIS). The CEIS is structured around two broad pillars — unlocking capital market access for energy infrastructure, and the strategic deployment of public funds as de-risking instruments — supported by an upgraded institutional dialogue.
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At a time when energy security, decarbonisation and affordability are high on the global agenda, Africa has an opportunity to harness its ocean-based renewable energy resources. The continent’s vast coastline, spanning 30,500 kilometres, offers significant potential for offshore wind and other ocean-based renewable energy technologies, supported by strong offshore winds and ocean currents. Yet, these power sources are still in the early stages of development. South Africa leads the way with 1,632 GW in offshore wind potential, followed by Namibia (1,259 GW), Libya (585 GW), Somalia (447 GW), and Morocco (382 GW).
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ZESCO, Zambia’s national power utility, and Korea-based KS Eco Solutions Holdings Limited have signed a power purchase agreement (PPA) for the development of a solar power project in Zambia. The project will have an installed capacity of 500 MW. The project supports the government’s strategy to increase private sector participation in the energy sector through ongoing reforms.
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Amazon and Skyborn Renewables have signed a 600 MW power purchase agreement (PPA) for electricity from the Gennaker offshore wind farm. The project is located in the German Baltic Sea and will add up to 976.5 MW of offshore wind capacity to Germany’s power system. The project will feature 63 offshore wind turbines rated at 15 MW each. Project construction is expected to commence following financial close in summer 2026, with commercial operations targeted for late 2028.
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Saulteau First Nations and EDF power solutions North America have signed a 30-year electricity purchase agreement (EPA) with BC Hydro for the Taylor South Wind Project. The project, located in British Columbia (BC), has an installed capacity of 200.6 MW. The project is expected to begin supplying enough clean electricity to power around 60,000 homes by 2032.
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Numerous countries have developed critical minerals lists. These lists greatly overlap but are rarely identical because vulnerabilities and demand are unique to each country’s geology, capacity, and requirements. The United States 2025 List of Critical Minerals, developed by the U.S. Geological Survey, includes sixty minerals, up from fifty in 2022. Unlike many other countries, the United States does not group heavy and light rare earth elements (REEs) or Platinum Group metals, resulting in larger lists.
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Wind remains the dominant source of renewable generation of electricity in Northern Ireland accounting for 72% of total renewable generation volumes in 2025. Such reliance on wind does mean that monthly renewable generation volumes in Northern Ireland can be prone to large fluctuations, due to changing weather conditions. Around two thirds of renewable generation capacity and generation volumes was accounted for by three of the eleven Northern Ireland district council areas namely: Causeway Coast & Glens; Derry City & Strabane; and Fermanagh & Omagh.
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NOVVA Group has signed an agreement to acquire 100 per cent of the San Jose Solar Power Plant (SJSP) from Mabuhay Power Holdings Corporation. The project is located in Mindanao, Philippines. The plant has an installed capacity of 120 MWp. The agreement marks Novva’s first investment in the Philippines, anchoring its Al-era power platform in Southeast Asia.
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Pattern Energy Group has commenced operations at SunZia renewable energy project in US. The project comprises a 3.65 GW wind generation facility and a 550-mile high-voltage direct current transmission line, delivering renewable power from New Mexico to Arizona and across the western US grid. At full capacity, the project can generate enough electricity to power approximately one million homes annually.
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CIM Group’s Permanent Power Company has secured approximately $600 million in construction financing for its Grape solar and battery storage project. The project is located in California. The project includes 246.4 MWac of solar PV capacity and a 150 MW/600 MWh battery energy storage system (BESS) located within Westlands Solar Park.
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The report presents a comprehensive, data-driven assessment of India’s FSPV potential. The study estimated India’s total floating solar potential at approximately 102.18 GWp, with a constraint of using only 20% of the reservoir area. The potential is unevenly distributed across states, with particularly high concentrations in Maharashtra, Madhya Pradesh, Karnataka, Odisha, Telangana, and Gujarat, reflecting the availability of large, technically suitable reservoirs and inland water bodies. By optimising the use of underutilised water surfaces, floating solar can help overcome land constraints, enhance energy security, support water conservation objectives, and accelerate progress toward national renewable energy and climate targets.
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Salt River Project and Aypa Power have commissioned the Pediment Battery Energy Storage System (BESS) located in Mesa, Arizona. The BESS has an installed capacity of 250 MW/1,000 MWh. The facility can supply enough electricity to power up to 56,250 homes for four hours. The Pediment project is the first of two BESS projects being developed by Aypa Power under contract with SRP.
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BLT Energy has received development approval from the Regional Development Assessment Panel for its Red Gully Battery Energy Storage System (BESS) project in Western Australia. The project has a total capacity of 800 MW/4,800 MWh of energy storage. Phase 1 of the project will provide up to 400 MW of power and 2,400 MWh of storage capacity to the South West Interconnected System.
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A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II (EMIF II), has signed an agreement to acquire Mainstream Renewable Power South Africa. Mainstream Renewable Power was established in 2009. It has a portfolio comprising 148 MW of operating and under-construction assets, 351 MW of construction-ready projects, and an approximately 11.6 GW pipeline of solar, wind, and battery storage projects.
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Fotowatio Renewable Ventures (FRV) has secured 2.3 GW of grid capacity in Germany to support a portfolio of battery energy storage, solar PV, and hybrid renewable energy projects. The portfolio forms part of FRV’s broader international pipeline spanning solar, energy storage, hybrid systems, green hydrogen, and data center developments, with projects targeting ready-to-build (RTB) status between 2026 and 2029.
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Ohmium International and Hynfra P.S.A. have signed a cooperation agreement to advance green hydrogen and green ammonia projects in Mauritania, Jordan, and Oman. The agreement covers the FEED stage and establishes a framework for continued collaboration across the three projects. Under the partnership, Ohmium will provide technical support and expertise in PEM electrolyser technology during the FEED and project development phases.
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Nautilus Solar Energy has renewed its construction debt facility with a total commitment of $600 million in US. The financing will support the construction of approximately 200 MW of community solar projects across Nautilus’s portfolio. Co-lead arrangers for the facility include National Bank of Canada Capital Markets, Royal Bank of Canada, and Export Development Canada.
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