Author: Khushboo Goyal

Plugging Storage into India’s Rooftop Solar Revolution: Report

Plugging Storage into India’s Rooftop Solar Revolution: Report

October 23, 2026 | , ,

Rooftop solar accounts for 19% of India’s total installed solar capacity as of July 2026, concentrated in ten Indian states: India’s total installed solar capacity reached 164.6 GW in July 2026, of which 30.7 GW comes from rooftop solar capacity. This rooftop solar share tripled since 2019 from 6% to 19%, demonstrating a significant growth led by Gujarat, Maharashtra, Uttar Pradesh, Rajasthan, Kerala, Tamil Nadu, Haryana, Madhya Pradesh, Karnataka and Andhra Pradesh. Residential consumers now account for half of India’s rooftop solar capacity: Residential rooftop solar capacity under PM Surya Ghar: Muft Bijli Yojana stood at 14.9 GW across 5 million households as of July 2026, with ~88% of it concentrated in ten states.

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US Transmission Expansion: Report

US Transmission Expansion: Report

October 23, 2026 | , ,

The US electricity system is expected to see substantial demand growth through the mid-2030s, driven by commercial and industrial expansion, including advanced manufacturing, data centres and domestic industrial growth, alongside electrification. To assess the transmission investment needed to support this growth and broader economic and national security priorities, S&P Global Energy released the study “Powering Growth and Affordability: The Role of Transmission in Economic and National Security”, supported by the Electricity Customer Alliance and National Grid, with Converge Strategies responsible for national security and defence aspects.

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Lowering Great Britain’s Electricity Bills: E3G Report

Lowering Great Britain’s Electricity Bills: E3G Report

October 23, 2026 | , ,

The report, “Lowering Great Britain’s electricity bills – recommendations for government” examines that, the once-again rising gas price is set to further fuel inflation and the cost-of-living crisis in the UK, with electricity bills not projected to fall again until the 2030s. However, with the right package of interventions, targeting each component of a bill, government could lower household and business electricity bills by approximately 20% by 2030. Only two actions can immediately lower bills: removing levies from bills and improving targeted support for households in fuel poverty and trade-exposed businesses.

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Encavis signs hybrid PPA with Visalia in Spain

Encavis signs hybrid PPA with Visalia in Spain

October 22, 2026 | , , ,

Encavis has signed a hybrid power purchase agreement (PPA) with Visalia in Spain. Under the three-and-a-half-year agreement, Encavis will supply 60 GWh of renewable electricity annually from its 199 MW Aragon portfolio near Zaragoza. The portfolio consists of two solar parks and three wind farms. Visalia operates more than 500 urban renewable energy generation facilities, along with over 1,000 km of electricity distribution and high-speed fibre-optic networks.

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Nordex enters New Zealand market

Nordex enters New Zealand market

October 22, 2026 | ,

Nordex Group has received an order from Mercury for 40 N133/4.8 wind turbines with a total capacity of 192 MW. The turbines will be installed at the Puke Kapo Hau wind farm in the Otago region on New Zealand’s South Island. Furthermore, Nordex and Mercury have signed a 30-year service agreement for the project. Installation of the first turbine, which will be mounted on a 90-metre tubular steel tower, is expected to begin in early 2028, with the first unit scheduled to be commissioned by mid-2028.

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Deriva Energy secures $540 million for 350 MW solar project in US

Deriva Energy secures $540 million for 350 MW solar project in US

October 22, 2026 | , ,

Deriva Energy has closed approximately $540 million in financing for the Sullivan County Power Project in Indiana. The project is a 350 MW solar power project currently under construction in Sullivan County. The financing will support the continued development and construction of the project. Financing was arranged by Deriva Energy’s Capital Markets team and includes commitments from five banks: Royal Bank of Canada (RBC), DNB Bank ASA, Mizuho Bank Ltd., National Westminster Bank PLC, and Wells Fargo Securities LLC.

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HAU Energy and Infinity Power secure financing for solar with BESS project in Egypt

HAU Energy and Infinity Power secure financing for solar with BESS project in Egypt

October 21, 2026 | , , ,

HAU Energy and Infinity Power have secured debt financing of up to $566 million for the development of the Nefer Minya solar photovoltaic project in Minya, Egypt. The financing package includes up to $265 million arranged by the European Bank for Reconstruction and Development (EBRD). The EBRD-arranged financing includes $160 million from its own funds, $75 million mobilised from the Bank of Jordan, and up to $30 million in concessional financing from the Clean Technology Fund.

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IGNIS sells 656 MW renewable energy portfolio in Italy 

IGNIS sells 656 MW renewable energy portfolio in Italy 

October 21, 2026 | , , , ,

IGNIS has completed the sale of a 656 MW portfolio of renewable energy projects in Italy. The portfolio has been acquired by flyRen Energy Group SpA, which is backed by Foresight Energy Infrastructure Partners II. The portfolio comprises 28 projects, including solar photovoltaic (PV), battery-hybrid, and wind projects at various stages of development. The sale is part of the company’s asset rotation strategy, with ValeCap serving as financial adviser and Green Horse Legal Advisory and DWF as legal advisers.

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How renewables can cut Europe’s energy bills and inflation

How renewables can cut Europe’s energy bills and inflation

October 19, 2026 |

Fossil fuel dependency is a threat to the EU – to its economy as much as to its climate. Fossilflation is happening in front of our eyes, with higher global oil and gas prices pushing inflation towards 3% as of July 2026. But Europe’s energy affordability crisis is not simply the result of temporary geopolitical shocks. It is the result of a structural dependence on volatile fossil fuels. If Europe wants lower bills, stronger industry, and protection from future fossil fuel price shocks, it cannot treat renewable investment as optional or purely environmental. It must treat it as critical price-stability infrastructure. That means using all available tools, including monetary policy and public finance, to accelerate the shift away from fossil fuels.

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How Vietnam can meet rising energy demand more efficiently

How Vietnam can meet rising energy demand more efficiently

October 19, 2026 |

Vietnam’s economic growth is creating an increasingly urgent energy challenge. As industrial production expands, cities grow and living standards rise, the country needs more electricity to sustain development. Hotter weather is adding pressure. Vietnam will need new generation and transmission infrastructure. But the central challenge is no longer simply how much capacity the country can build. It is how effectively that capacity can be converted into dependable electricity when and where people and businesses need it. Meeting rising demand efficiently therefore requires action across the entire power system: reducing avoidable consumption, shifting demand away from peak hours, modernizing the grid and expanding storage.

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U.S. Power Sector Shift: Report

U.S. Power Sector Shift: Report

October 16, 2026 | , ,

Clean power growth slows while fossil power rebounds: Clean power continues to account for the largest share of planned U.S. power sector development, the “pipeline” of future capacity, but growth has slowed from its 2024 peak. Meanwhile, fossil power announcements have increased since 2022, suggesting electric utilities and energy developers are recalibrating their priorities in response to evolving federal policy and projected rapid load growth, relying on methods to evaluate resource adequacy that favor traditional dispatchable resources.

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Unsupported Renewables: CEER Report

Unsupported Renewables: CEER Report

October 16, 2026 | , ,

The coming years, with rising capacity reaching the end of support, will show whether and how Member Countries adapt their legal schemes, including to make decommissioning less attractive. Challenges such as balancing responsibility and small operators’ market participation may intensify as more installations leave support. The data provided by regulators is published alongside the report so readers can carry out their own analysis. Some of it does not clearly distinguish between post-support installations and those that never received support.

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World Energy Transition: IRENA Report

World Energy Transition: IRENA Report

October 16, 2026 | ,

The report titled “World Energy Transition Outlook 2026” published by the International Renewable Energy Agency (IRENA) examines that, the global energy transition has entered a new phase. Renewable energy deployment continues to break records, technology costs have fallen significantly and electrification is advancing across transport, buildings and industry. Compared with previous editions of the World Energy Transition Outlook, current government plans target higher renewable energy deployment, greater electrification of end-use sectors and a focus on clean hydrogen and enabling technologies.

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ADB backs AM Green’s India green ammonia project 

ADB backs AM Green’s India green ammonia project 

October 16, 2026 | , ,

The Asian Development Bank (ADB) and the Government of Japan have signed financing agreements with AM Green Ammonia (India) Private Limited for the development of a 1.1 million tonne per annum (TPA) green ammonia production facility in Andhra Pradesh, India. The financing includes a $100 million loan from the Leading Asia’s Private Infrastructure Fund 2, financed by the Japan International Cooperation Agency and administered by ADB.

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Recurrent Energy commissions 200 MW solar project in Spain

Recurrent Energy commissions 200 MW solar project in Spain

October 16, 2026 | , ,

Recurrent Energy has started commercial operations at the 200 MWp Villameca solar project in Castilla y León, Spain. The project adds to Recurrent Energy’s solar portfolio in Spain, alongside the 426 MWp Rey Solar Project in Andalucía and the 315 MWp Tordesillas Project in Castilla y León, which is expected to be connected later this year. With these projects, Recurrent Energy’s operational solar capacity in Spain is expected to reach around 1 GW by the end of 2026.

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Impact Fund Denmark invests in 500 MWp Philippines solar project 

Impact Fund Denmark invests in 500 MWp Philippines solar project 

October 16, 2026 | , ,

Impact Fund Denmark is investing in the 500 MWp Lasso 2 solar project in northern Luzon, Philippines. The project is being developed and will be operated by Vena Energy. The project is currently under construction and is expected to become operational in 2027. Furthermore, the investment is being made through the Danish SDG Investment Fund II, established by Impact Fund Denmark together with PenSam, P+, PFA, PKA and PBU.

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Nel Hydrogen secures $12 million PEM Electrolysers order

Nel Hydrogen secures $12 million PEM Electrolysers order

October 15, 2026 | , ,

Nel Hydrogen US, a subsidiary of Nel ASA, has received a purchase order from a US-based global technology company for multiple containerised PEM electrolysers from its MC-series, along with related services. The order is valued at approximately $12 million. Furthermore, the electrolyser stacks will be manufactured at Nel’s facility in Wallingford, Connecticut, US. The units are expected to be delivered in 2027.

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ACCIONA to develop 2 GW offshore wind transmission project 

ACCIONA to develop 2 GW offshore wind transmission project 

October 15, 2026 | , ,

ACCIONA has been selected as the development partner for the Gippsland offshore wind transmission project in Victoria, Australia. The 2 GW project will support the connection of offshore wind generation in Gippsland to Victoria’s electricity grid.  Furthermore, ACCIONA will contribute its expertise in financing, design, construction, operation and maintenance as the project progresses towards delivery.

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METLEN and Karatzis Group inaugurate 790 MWh BESS in Greece

METLEN and Karatzis Group inaugurate 790 MWh BESS in Greece

October 15, 2026 | , ,

METLEN and Karatzis Group have inaugurated a standalone battery energy storage system (BESS) in Larissa, Thessaly, Greece. The facility has an installed capacity of 330 MW/790 MWh. The project was developed through a joint investment vehicle in which METLEN and Karatzis Group hold 49 per cent and 51 per cent stakes, respectively. METLEN was responsible for the construction, operation, and maintenance of the facility.

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