Masdar and Elektroprivreda Crne Gore (EPCG) have signed agreements to develop 150 MW of solar capacity and explore more than 400 MW of pumped hydro storage in Montenegro. The projects will be developed through a 50/50 joint venture (JV) established following the companies’ JV agreement signed in April 2026. The solar portfolio comprises the 115 MW Štedim project and the 35 MW Krupac project.
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Zelestra has signed a power purchase agreement (PPA) with Tesla for the Lumen Farm solar project. The project has an installed capacity of 140 MWac and is located in Texas. The project is expected to commence construction by 2027 with full operations expected by 2029. The agreement builds on the companies’ existing partnership for the 57 MWac solar PPA in Spain’s Castilla-La Mancha region in 2024.
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Vena Energy has achieved financial close for the 500 MWp Ixus Bugallon solar power project in Bugallon, Pangasinan, Philippines. The project secured approximately $310 million in senior debt financing from a syndicate of banks including BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.
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The African Development Bank (AfDB) Group has approved a €100 million loan to Gotion Power Morocco for the development of an integrated cathode-to-cell lithium iron phosphate (LFP) battery factory. The facility will be located in the Rabat-Salé-Kénitra Free Trade Zone. Phase 1 of the project will deliver 10 GWh of battery cell and pack production capacity, with plans to expand to 100 GWh.
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ACCIONA Energía has completed the sale of its operational wind asset portfolio in Spain to Galp New Energies. The portfolio has a total installed capacity of 361 MW. The transaction covers 15 wind farms situated across the Spanish provinces of Navarra, Zaragoza, Ciudad Real, Palencia, Guadalajara and Seville. The assets were sold for an equity value of €432 million, excluding financial debt.
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The French government has announced Hydrozere, eM-Rhône and FertHySomme as the first three winners of its hydrogen scheme. This 15-year hydrogen production support mechanism is a key component of the National Hydrogen Strategy and aims to promote decarbonized hydrogen production for direct industrial uses. The selection of these three industrial projects amounting to 161.4 MW of electrolysis capacity and worth €778m is the first step towards the national objective of about 1 GW of installed capacity.
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Ark Energy has reached a final investment decision (FID) for the $1.3 billion Richmond Valley solar farm & battery energy storage system (BESS) in New South Wales, Australia. The project will be supported by a financing package comprising $586 million in equity and $716 million in debt. The priority stage includes development of a 200 MWac solar farm and a 275 MW/2,200 MWh lithium-iron-phosphate BESS.
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The Commission has unveiled a new electrification action plan aimed at speeding up the shift from fossil fuels to electricity in Europe across industry, transport and buildings. The goal is to make Europe the world’s first “electro-powered” continent by aiming to increase electrification from today’s 23% of energy use to 46% by 2040. By reaching this goal, the EU could save €260 billion per year in fossil fuel imports. The new plan proposes a series of measures that will help reduce the price gap between electricity and fossil energy costs and by incentivising the uptake of cleaner, electricity-based technologies such as heat pumps, electric vehicles and batteries, among others.
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Panamint Capital has commenced construction of 1.2 GWdc Big Rooter Power solar project. The project is located at the Twin Oaks power station in Robertson County, Texas. The project represents an investment of $1.7 billion. The 491 MWdc Big Rooter West phase is under construction and is expected to commence operations in August 2028, while the 658 MWdc Big Rooter East phase is expected to commence construction in December 2026 and come online in August 2029.
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Lightsource bp and Meta have signed a long-term power purchase agreement (PPA) for the Mowata Solar project. The project has an installed capacity of 172 MWdc (150 MWac) and is located in Acadia Parish, Louisiana. Project construction is expected to commence later in 2026. The agreement builds on an earlier PPA between the companies for the 134 MWdc Arche Solar project in Ohio which was signed in 2022.
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Recent federal policy decisions combined with rising energy demand are contributing to an immediate set of challenges for Americans: volatile electricity prices and growing concerns about affordability and reliability. Local governments are applying a range of strategies. They are leveraging municipal assets to host clean energy projects, streamlining local ordinance and permitting processes, making the most of limited remaining clean energy incentives from the Inflation Reduction Act for battery storage and geothermal projects, and exploring how to integrate localized energy generation and storage technologies to increase community and grid resilience.
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By the end of 2024, China had more than 440 electric ships in operation, with ferries accounting for 97% of the total fleet. This is not surprising given the relatively high technical and economic feasibility of electrifying small ferries operating on short, fixed routes. Yet the real story lies beyond ferries: China has begun electrifying cargo ships—traditionally considered far more difficult to electrify due to their larger energy demand and more complex operational requirements—primarily for use along inland waterways. Electrifying China’s inland shipping industry at scale will require overcoming multiple barriers, including financial and operational constraints to the adoption of electric cargo ships. But well-designed, coordinated policy can chart the course forward.
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Ocean Winds has secured offshore consent from the Scottish Government for its 2 GW Caledonia Offshore Wind Farm. The project forms a part of the Crown Estate Scotland’s ScotWind leasing round. The project comprises the 1 GW Caledonia North and 1 GW Caledonia South wind farms, with up to 140 turbines across a 429 sq km site. Caledonia North will use fixed-bottom foundations, while Caledonia South will combine fixed-bottom and floating foundation technology.
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Elgin has signed three 15-year contracts for difference (CfDs) backed by power purchase agreements with Erova Energy Group. The agreements cover a 112.6 MW portfolio of solar projects in the UK. The portfolio includes the 61.9 MW Thorpe solar project, the 26.2 MW Aston Flamville solar project, and the 24.5 MW Maes Mawr solar project. Additionally, all the three projects secured CfDs in the UK’s Allocation Round 6 auction.
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MN8 Energy has agreed to acquire Greenbacker Renewable Energy in a cash-and-equity transaction valued at up to $375 million, including $350 million at closing and up to $25 million in milestone-based payments. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals. Greenbacker owns an approximately 1.9 GW fleet of operating and under construction renewable energy assets.
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Cubico Sustainable Investments has signed a joint venture (JV) agreement with Mexico’s Federal Electricity Commission (CFE) to develop 578 MWac of renewable energy projects across Mexico. The agreement includes five clean energy projects awarded to Cubico under CFE’s Mixed Investment Scheme, along with 175.7 MW/500 MWh of 3-hour duration battery energy storage.
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Brookfield has agreed to acquire Aypa Power from Blackstone Energy Transition Partners. The transaction is valued at approximately $7 billion in enterprise value, including an equity value of $3 billion. Aypa’s portfolio comprises 6.5 GW of operating, under-construction and contracted battery storage projects.
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Malaysia has established strong foundations for an orderly and gradual transition away from coal power, underpinned by a commitment not to build new coal power generation and a final transition date of 2044. Its policy and regulatory framework, along with its long-term goal to reach a 70% share of renewables by 2050, provide a strong basis for the country to capitalize on its natural assets and develop cheaper and more sustainable electricity generation alternatives. This transition offers profound benefits for Malaysians, including lower-cost renewable energy, less pollution and reduced exposure to fuel import costs and volatility. However, it is not without challenges. A renewables led system will need to be stabilized with additional baseload or “firm” power as coal gradually exits.
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The report is a comprehensive and actionable plan for how to achieve the flexibility required to deliver clean power by 2030 and net zero by 2050. This roadmap shifts focus from the delivery of important but intermediate milestones to the longer-term outcomes envisioned for consumers and the wider electricity system. The report includes some of the following commitments: The government will rapidly assess the feasibility of consumers accessing government support for low carbon technologies to do so using a flexible tariff, with the option for the consumer to opt out. The government will take primary legislative powers when parliamentary time allows to enable removal of final consumption levies for demand turn up, supporting the use of consumer-led flexibility in addressing network constraints and boosting the commercial case for bidirectional electric vehicle chargers and domestic batteries.
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Malaysia’s Ministry of Energy Transition and Water Transformation (PETRA) has announced the sixth round of its Large-Scale Solar (LSS6) programme, targeting 2.5 GW of solar capacity paired with 1.25 GW of battery energy storage systems (BESS). The tender will be implemented in three lots, with the first lot comprising 2.2 GW solar and 1.1 GW BESS package open to all developers.
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