Novar and Westermeerweg Zon Holding have reached financial close for the 148 MWp Westermeerdijk Solar Park in the Netherlands. The project is situated beneath existing wind turbines and also benefits from grid connection to the Netaansluiting Noordwest Zon substation. The project ownership will be split equally between Novar and Westermeerweg Zon Holding.
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Foxconn and Brookfield have partnered to develop renewable energy projects in Vietnam to support Foxconn’s operations and supply chain partners. The collaboration aims to develop up to 1 GW of utility-scale wind, solar, and battery storage capacity across the country. The projects will be backed by long-term power purchase agreements and jointly managed by both companies.
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Revolve Renewable Power has signed agreements to acquire three utility-scale solar development-stage projects totaling 125 MW across Illinois (30 MW), New Mexico (56 MW), and Wisconsin (39 MW). The acquisition, expected to close in June 2026, will be completed through the company’s wholly owned US subsidiary. The deal structure includes a development fee of $0.02/W at construction notice and deferred consideration tied to project value realization.
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The European Bank for Reconstruction and Development (EBRD) is providing a €175 million loan to Public Power Corporation (PPC) to support renewable energy development across Bulgaria, Greece, and Romania. The financing will help develop approximately 400 MW of new wind and solar capacity across the three countries. The financing is backed by the EU-supported InvestEU.
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Copenhagen Infrastructure Partners (CIP) has agreed to divest minority stakes in its 500 MW Devilla battery energy storage (BESS) project to the Scottish National Investment Bank and Nuclear Liabilities Fund. The project, located in Kincardine, Scotland, is a two-hour-duration lithium-ion BESS. CIP will retain a majority stake and continue to oversee the project construction.
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Voltus has signed a three-year bring your own capacity (BYOC) agreement with Google. Under the agreement, Voltus will aggregate up to 100 MW of distributed energy resources annually across the PJM grid region. The Google-funded virtual power plant will combine assets such as batteries, smart thermostats, and other flexible energy resources from homes and businesses.
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Sweden is undertaking one of the most ambitious electricity grid expansions in its modern history. In its Network Development Plan 2026-2035, the Swedish transmission system operator, Svenska kraftnät, has outlined SEK225 billion in grid investments over the next decade. The plan echoes a broader trend across advanced economies: the energy transition requires not only new generation capacity, but a fundamental reconfiguration of transmission infrastructure. The government’s planning assumption that annual electricity demand will reach at least 300 TWh by 2045, more than double the consumption of around 127 TWh in 2025, emphasises the urgency and scale of the required grid expansion.
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Nearly 30 new utility-scale solar PV manufacturing facilities started production in 2025. There are more than 140 facilities in 30 states that produce primary components like modules, cells, ingots and wafers, trackers, racking systems, among others. In 2025, U.S. module manufacturers commissioned 15 GW of new capacity, with total annual capacity reaching 63 GW – sufficient to meet average demand from U.S. utility solar installations. This represents a rapid increase in manufacturing capacity of more than 1600% in a 5-year period. Total module capability is expected to increase to over 85 GW/year by the end of the decade.
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Green hydrogen is emerging as a key pillar of India’s transition towards a low-carbon economy, with the country increasingly focusing on building a domestic production and manufacturing ecosystem. Backed by India’s rapidly expanding renewable energy capacity, the sector is witnessing growing momentum with developments across the entire value chain. Falling renewable energy costs, technological advancements in electrolysers and rising global demand for low-carbon fuels and derivatives are further strengthening the business case for green hydrogen in India. The sector is moving beyond policy announcements and early-stage ambitions to tangible on-ground progress.
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US electricity demand in the forecast rises 1.3% in 2026, averaging almost 4,250 billion kilowatthours and growing another 3.1% in 2027. Electricity demand growth is led by growth in the commercial sector, which is expected to outpace residential demand in 2027 for the first time on record. Industrial demand is also increasing, although at a slower pace. Residential electricity prices are expected to increase by 5% in 2026 and to continue to rise in 2027, although at a slower pace. The forecast for utility-scale solar generation in 2026 is 1.4% higher than in the previous outlook
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Austria has one of the most ambitious climate and energy targets in the world; achieving them requires actionable delivery strategies and adequate funding. Austria has the highest share of renewable energy in electricity consumption in the European Union and is the first European country to develop a pioneering approach to integrated energy system planning. However, the gap between ambition and delivery is widening. This report provides advice on how Austria can achieve its policy goals with particular focus on two areas: energy system flexibility and industrial competitiveness and decarbonisation.
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The report examines ASEAN’s potential to emerge as a regional hub for the production and adoption of battery electric vehicles (BEVs), with a focus on the sustainability of the supporting ecosystems. It analyses the role of total cost of ownership in determining the competitiveness of BEVs relative to conventional vehicles, alongside the need to reduce lifecycle carbon emissions and address negative externalities associated with the value chain, including those arising from nickel mining. The report explores how regional production networks and supply chains must be developed and coordinated to support the electric vehicle transition.
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Inox Clean Energy Limited, through its subsidiary Inox Neo, has signed an agreement to acquire 100 per cent of the equity interests in Vena Energy India. Vena Energy India, Vena Group’s Indian renewable energy platform, comprises around 1 GW of operational renewable capacity, along with 1.7 GW of solar and wind and 1.2 GWh of BESS advanced-stage projects. Additionally, it has a pipeline of 2.7 GW of solar and wind projects and 1.3 GWh of BESS projects.
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Lightsource bp has commenced construction of the Lower Wonga hybrid renewable energy project located near Gympie, Queensland. The project comprises a 380 MWdc solar farm with a 281 MW/843 MWh battery energy storage system (BESS). The project will commence operations in late 2028. A joint venture between INTEC Energy Solutions and Gotion Hi-Tech Australia will deliver the project.
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Qualitas Energy has acquired a 164 MWp solar PV project in Illinois, US. The project, purchased from Bechtel Enterprises, is located within the Midcontinent Independent System Operator (MISO) electricity market. The project is expected to reach notice to proceed in the second quarter of 2028, with commercial operations commencing in the third quarter of 2029. The project has secured 100 per cent site control and other permits.
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Vesper Energy has closed $236 million in financing for the Nazareth Solar project. The project has an installed capacity of 201 MW and is located in Swisher County, Texas. The financing package includes a construction-to-term loan and a letter of credit facility, provided by MUFG, Associated Bank, Bayern LB, and Development Bank of Japan. The project construction is scheduled to commence in June 2026, with commercial operations targeted for Fall 2027.
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Fidra Energy has acquired the Enderby battery energy storage (BESS) project from Innova in Leicestershire, UK. Once operational, the project is expected to deliver up to 1,025 MW of storage capacity. The acquisition expands Fidra Energy’s UK battery storage pipeline to more than 4 GW. The project received planning consent in May 2025, with a regulatory decision expected in summer 2026.
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Levanta Renewables has achieved financial close and issued the notice to proceed for the Barotac solar and battery energy storage system (BESS) project located in the Visayas, Philippines. The project comprises a 166 MWp ground-mounted solar PV facility along with an 80 MWh BESS. The project was awarded a power purchase agreement under the Philippines’ Green Energy Auction Program Round 4.
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Recurrent Energy, subsidiary of Canadian Solar, has inaugurated the Rey Solar solar project in Carmona, Spain. The project has an installed capacity of more than 420 MWp. The project started commercial operations in December 2025. The project is expected to generate approximately 916,000 MWh of clean electricity, sufficient to power over 275,000 homes annually.
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Avangrid has completed construction of the 166 MWdc/120 MWac Tower Solar project in Morrow County, Oregon and has connected the facility to the regional electricity grid. Commercial operations for the project are expected to begin in summer 2026. The project features more than 250,000 solar panels assembled by SEG Solar at its Houston manufacturing facility.
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