EDF Power Solutions North America has signed two 25-year power purchase agreements (PPAs) with NV Energy for the Winston Energy project. The project is located in Lyon County, Nevada. The project combines 400 MWac of solar capacity with a 400 MW/1,600 MWh battery energy storage system. The project is expected to commence operations in October 2029.
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The ASEAN Power Grid stands as a symbol of regional cooperation at a time of great uncertainty in energy markets. Even if interconnection proceeds flawlessly on time and within budget, the electricity surging through these cross-border lines might not deliver the sustainable, green future governments have promised. The ASEAN Power Grid is transmission infrastructure. It moves electricity across borders; it doesn’t generate it. This distinction is important because the grid is being financed and praised as a climate project. But building it and cleaning up the region’s power supply are two different achievements. A grid can be finished, funded and celebrated and still fail to deliver on sustainability, as the outcome depends on what the member states feed into it.
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States are investing in clean energy and lowering electricity bills through the Regional Greenhouse Gas Initiative. Demand for energy is growing in the Northeast and mid-Atlantic, spiking electricity bills and pollution in some states. The Regional Greenhouse Gas Initiative (RGGI)—which sets a declining cap on carbon emissions from power plants and returns the program’s proceeds to fund energy and environmental programs—is serving as an essential stopgap for offsetting household electricity bills while reducing climate pollution. States must stay on track with RGGI to protect these consumer benefits.
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Europe’s energy system is entering a decisive transformation. Energy storage is therefore increasingly critical. Short-duration options smooth intraday variability and support hourly and daily balancing. But when imbalances last beyond roughly 8–10 hours, direct electricity storage hits technical and economic limits. At that point, only large-scale, long-duration storage can cover overnight, multi-day, or seasonal stress events. Until now, underground gas storage has been the primary source of large-scale system resilience, and it continues to play a critical role. In a low-carbon system, underground hydrogen storage will take over this role, delivering long-duration flexibility with clean molecules.
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Avantus has closed a $300 million tax equity commitment from Truist Bank for the Aratina 2 project located in Kern County, California. The financing supplements more than $525 million in construction financing secured from BBVA, CIBC and Santander in July 2026. The project will provide 150 MW of solar generation and 452 MWh of battery storage to the California grid.
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Crux has closed a $215 million tax equity investment for the Pleasant Prairie Solar Energy Center. The project features a 240 MW utility-scale solar project located in Franklin County, Ohio. The project is developed and owned by Invenergy. The project, currently under construction, is expected to commence operations in 2027.
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Statkraft and Hydro Energi have signed a long-term power purchase agreement (PPA) in Norway. The agreement covers the supply of 876 GWh annually from 2031 to 2040, totalling to approximately 8.8 TWh over the contract period. The agreements will supply power to Hydro’s aluminium plants, with deliveries in NO5 electricity price area. The agreement follows two long-term PPAs signed by Hydro and Statkraft in April 2026 for the delivery of 0.9 TWh annually in 2029 and 2030, and 1.3 TWh annually from 2031 to 2038.
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Egypt has granted a golden licence to Nefer Minya Renewable Energy for a renewable energy project located in West Minya. The project comprises a 1 GW solar power plant with 600 MWh of battery energy storage system (BESS). The project is being developed by a joint venture between Infinity Power Holding and HAU Energy. Furthermore, the project is expected to require an investment of approximately $750 million.
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The Saudi Arabia Power Procurement Company (SPPC) has signed four storage service agreements covering the first group of battery energy storage system (BESS) projects in Saudi Arabia. The total investment for the projects exceeds approximately $1.16 billion. The projects have a combined capacity of 2,000 MW/8,000 MWh, with four-hour storage duration.
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Low Carbon has secured development consent for the Beacon Fen energy park located in Lincolnshire, UK. The project will have 400 MW of solar capacity and 600 MW of co-located battery energy storage system (BESS). The project will generate enough clean electricity annually to power around 130,000 UK homes. The project is expected to offset approximately 72,000 tonnes of carbon emissions annually.
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Global power demand is on track to rise faster in 2026 and 2027 than in 2025, even as the Middle East crisis temporarily increases electricity generation costs and as emergency energy conservation measures are implemented in some regions. Major economies have so far adapted to the loss of liquefied natural gas (LNG) supplies from the Strait of Hormuz while meeting rising power demand. A stronger-than-expected El Niño event in 2026 could increase global electricity demand further by raising cooling needs in many regions. Electricity generation from renewables is set to overtake coal-fired output in 2026, widening their share in the global electricity supply mix.
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While policy changes have slowed the US energy transition, progress continues in several areas, with solar and batteries proving particularly resilient. According to the inaugural US energy transition leaderboard used in the analysis, Washington, Arizona, California, Illinois, and Oregon are leading the way to a low-carbon future. Republican states occupy 13 out of the top 20 positions, suggesting that economics is a far bigger driving force overall than politics. The clean energy transition is helping to improve grid reliability and temper price volatility, especially during extreme weather events.
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The European energy transition is marked by the rapid spread of renewable energy sources, electrification of end uses, decentralisation of generation and increasing system stress driven by climate change. These transformations expose the limits of traditional, centralised electricity system architectures and require new organisational and governance models capable of coordinating distributed resources while preserving reliability, efficiency and social legitimacy. Scientific literature and recent European policy frameworks converge on the role of energy communities (ECs) as a key socioeconomic and technical innovation to address these challenges.
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PLUS Grid Storage, part of the Ausgrid Group, has commenced construction on the Steel River East battery energy storage system (BESS) located in Newcastle, New South Wales, Australia. The project has an installed capacity of 200 MW/400 MWh. Commercial operations for the project are expected to begin in late 2027, with SCEE Electrical serving as the delivery partner.
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Capital Dynamics has acquired a ready-to-build battery energy storage system (BESS) project located in Knockanure, County Kerry, Ireland. The project has secured 170 MW of grid connection capacity. The project will connect to the neighbouring 110 kV Knockanure substation. Capital Dynamics acquired the project from a group of private shareholders. Furthermore, the project will have four-hours storage capacity and has been classified as a long-duration energy storage solution by EirGrid.
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Syrian Electricity Company (SEC), Syria’s state-owned electricity utility, has signed power purchase agreements (PPAs) with Saudi construction company Mohammed A. Al-Harfi, for the development of three solar power plants with a combined capacity of 760 MWp and battery energy storage system (BESS) totalling 1,077 MWh. The three solar parks will be constructed in the Wadiyan al-Rabi area in rural Damascus and will be connected to a 400 kV transmission line.
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Tyczka Hydrogen has acquired a hydrogen production, filling and refuelling facility located in Hünfeld-Michelsrombach, Germany. ABO Energy developed, constructed and operated the facility before the acquisition. The facility combines a 5 MW proton exchange membrane electrolyser, trailer filling station and a 350-bar hydrogen refuelling station. The project will add 400-600 tonnes of renewable fuels of non-biological origin (RFNBO)-certified green hydrogen production capacity annually to Tyczka Hydrogen’s portfolio.
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Gurīn Energy has secured 379 MW of electricity business licences (EBLs) in South Korea. The licenses cover three utility-scale solar projects. The three projects are located in Jindo Island and Goheung-gun within Jeonnam-Gwangju Integrated Special City. The projects include 216 MW Jindo Green solar project, 65 MW Jindo Jido-yeomjang solar project and 98 MW Goheung Nuri solar project.
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Korea South-East Power (KOEN) and the Saemangeum Development Agency have signed a memorandum of understanding to develop a large-scale green hydrogen complex in Saemangeum, South Korea. The proposed project will integrate solar power generation, green hydrogen production and hydrogen-fired power generation in Buan, North Jeolla Province. Furthermore, the project is planned for 1 GW of onshore solar capacity with 320 MW of water electrolysis capacity and 100 MW of hydrogen-only power generation.
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Germany’s Federal Network Agency has announced the results of the oversubscribed auction held in July 2026 for ground-mounted and non-building solar photovoltaic installations. The auction offered a total capacity of 2,135 MW. A total of 401 bids representing 3,170 MW were submitted, of which 48 bids were disqualified with 261 bids being successful in the pay-as-bid auction.
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