Author: Khushboo Goyal

Clean Fuels in Latin America and the Caribbean: Paper

Latin America and the Caribbean (LAC) has the feedstock and industrial assets to strengthen its position as a leading clean fuels producer and expand beyond established biofuels into numerous pathways, including sustainable aviation fuel (SAF), renewable diesel, biomethane and synthetic fuels. The paper “Scaling Clean Fuels in Latin America and the Caribbean” published by World Economic Forum examines what it will take to move the region from potential to scale structured around three areas: where the opportunity lies, what is holding it back, and which practical steps would accelerate the industry in the region.

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Clean Electrification in EU: Briefing

The EU’s electrification action plan pursues ambitious targets, and the Turkish presidency of the COP31 climate conference has proposed a target to electrify 35 % of the world economy by 2035. Electrification targets set the direction for energy and industrial policies. The EU electrification action plan lays down an indicative electrification target for the EU economy: 46 % of final energy use in 2040 should come from electricity, double today’s rate of electrification. Electrification requires massive investment in clean power plants, grids and storage capacities. EU electricity grids will need an estimated investment of €1.3 trillion over the 2024‑2040 period.

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India Renewable Energy Market: IEA Report

India has emerged as a leading renewable energy market, supported by sustained policy ambition, competitive procurement, infrastructure development and a growing domestic manufacturing base. This report “India Renewable Energy Market Report 2026: Analysis and forecast to 2030” published by IEA examines the evolution and outlook of renewable energy across the power, transport and heating sectors, and considers its implications for affordability, reliability and energy security. India’s experience offers valuable lessons for emerging economies seeking to advance affordable, reliable and secure clean energy transitions.

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Ignitis commissions 174 MW solar project in Latvia

Ignitis Renewables has achieved full commercial operations at its 174 MW Tume solar farm in Tukums municipality, Latvia. The project is spread across 302 hectares and comprises more than 282,000 solar panels. Additionally, it is developing a 107 MW/215 MWh battery energy storage system at the site, which is currently under construction and will be integrated with the solar project.

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OCI Energy sells 327 MW Texas solar project to Hyundai Engineering 

OCI Energy has sold Project Clairemont, a 327 MWdc solar project which is currently under development in Kent County, Texas, to Hyundai Engineering Company Limited. Construction of Project Clairemont is expected to begin in the third quarter of 2027, with completion scheduled for the third quarter of 2029. This marks the second transaction between the two companies, following the sale of Project Hillsboro, a 260 MWdc solar project in Hill County, Texas, by OCI Energy to Hyundai Engineering in 2024.

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Repsol and Enagás Renovable partner for green hydrogen plant in Spain

Repsol, in partnership with Enagás Renovable, will develop a 150 MW renewable hydrogen electrolyser in Tarragona, Spain, with an investment of approximately €400 million. The facility will have the capacity to produce more than 22,000 metric tonnes of renewable hydrogen annually. The hydrogen will be used mainly at the Ecoplanta and Tarragona refinery to manufacture renewable methanol and other products with a low carbon footprint.

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Uniper and VNG begin green hydrogen production in Germany

Uniper and VNG Handel & Vertrieb GmbH (VNG H&V) have started producing green hydrogen at their 30 MW electrolysis plant at Energiepark Bad Lauchstädt in Germany. The pressurised alkaline electrolyser has a total capacity of 30 MW and consists of three modules, each with a capacity of 10 MW.  The project will now move into the next phase, which involves testing how the different components of the facility work together.

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Voith secures contract for 1,200 MW PSP in Vietnam

A consortium comprising Voith Hydro Shanghai Limited and POWERCHINA Zhongnan Engineering Corporation has secured a contract to supply the core electromechanical equipment for Vietnam’s Bac Ai pumped storage hydropower project. The project is located in Khanh Hoa Province. The project will have an installed capacity of 1,200 MW, comprising four units of 300 MW each.

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Vena and INA announce 2.8 GW renewables partnership

Vena Group and Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, have entered into a strategic partnership under which INA has invested in a 2.8 GW renewable energy portfolio across Indonesia and the Philippines. The portfolio includes solar and wind projects at different stages of development, including operational, under-construction, contracted, and development-stage projects.

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How Texas Leads the Next Generation of Energy Exports

Texas’s pro-development environment has helped make it a global energy leader. Maintaining that leadership as markets evolve will require applying the same approach to the next generation of energy and industrial infrastructure. As these markets shift, continuing to ensure the diversity of industries and energy types – including electricity, hydrogen, and carbon capture – can allow innovators and incumbents to expand their business in the state. This means enabling investment in electricity generation and transmission; hydrogen, ammonia, SAF, and methanol production; and hydrogen and CO2 pipelines and storage.

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Building Climate Resilience: De-risking India’s Power Assets

As India continues to expand its renewa­ble capacity, ensuring the resilience of both new and existing infrastructure will become increasingly important. Much of the country’s legacy power infrastructure was designed using historical weather patterns, which may no longer reflect both the frequency and intensity of extreme weather events today. Upgrading these assets, alongside incorporating climate risks into new projects, will therefore be essential. Climate-risk assessments should, therefore, become a routine. These challenges are not unique to India, as countries worldwide need to balance climate-proofing their energy infrastructure with clean energy deployment.

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Belgium’s Elia: Building Next-Gen Offshore Grid Infrastructure

Elia Transmission Belgium (ETB), a subsidiary of Belgium’s transmission system operator (TSO) Elia, has one of the most well-connected grids with its neighbouring countries including France, the Netherlands, Germany and Luxembourg. In addition to these four neighbouring countries, Belgium is also interconnected via a subsea cable to the UK through the Nemo Link. Driven by ambitious national climate targets and European Union (EU) energy integration goals, Elia is undertaking a major expansion of its onshore and offshore high-voltage grid. A flagship investment is the Princess Elisabeth Island (PEI) energy hub in the North Sea, being built 45 km off the Belgian coast, which will unlock new Belgian offshore wind (OSW) capacity and enable a future electricity interconnector with the UK.

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Scout commissions 183 MW wind project in Arkansas

Scout Clean Energy’s 183 MW Nimbus wind farm has achieved commercial operations following two years of construction. The project is located in Carroll County, Arkansas in US. The project, which began construction in late 2024, comprises 30 wind turbines and has signed a power purchase agreement with Microsoft to purchase electricity generated by the project.

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EBRD finances solar with storage project in Egypt 

The European Bank for Reconstruction and Development (EBRD) has approved a financing package of up to $63.5 million to support the development of a solar power plant with battery storage in Benban, near Aswan, Egypt.The project is owned by Nefer Benban for renewable energy, a joint venture between Infinity Power and HAU Energy. The financing package included up to $56 million from the EBRD and $7.5 million in concessional financing from the Clean Technology Fund.

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TNB and IOI partner for 500 MW solar project in Malaysia

Tenaga Nasional Bhd (TNB) plans to invest up to RM424.4 million in a joint venture (JV) with IOI Corp Bhd and a consortium of small and medium enterprises (SMEs) to develop a 500 MW solar power project in Bahau, Negeri Sembilan, Malaysia. TNB’s subsidiary, TNB Renewables Sdn Bhd (TRe), has signed a shareholders’ agreement with IOI Corp’s subsidiary, Luminous Aspect Sdn Bhd, and CSP 500MW Sdn Bhd for the project.

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Rezolv secures financing for 292.5 MW Romanian wind project

Rezolv Energy has secured project financing of up to €367 million for its 292.5 MW Dunarea East wind farm in Constanța County, southeastern Romania. The project’s revenues will be supported by a contract for difference (CfD) covering 211 MW of capacity, awarded in Romania’s second CfD auction in 2025, along with a long-term power purchase agreement with international food retailer Ahold Delhaize.

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Everfuel signs Hydrogen Bank grant agreement 

Everfuel A/S has signed a grant agreement with the German government under the European Hydrogen Bank’s Auctions-as-a-Service scheme. Under the agreement, the company will receive production support of EUR 0.98 per kg of renewable fuel of non-biological origin (RFNBO) hydrogen produced, amounting to a total of €245 million. 

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Lenders back Johor-Singapore renewable energy corridor

DBS Bank, the International Finance Corporation (IFC) and Malayan Banking Berhad (Maybank) are partnering with Ditrolic Energy Holdings to establish a financing framework for the USD6 billion Southern Johor Renewable Energy Corridor (SJREC), which aims to supply renewable electricity from Johor, Malaysia, to Singapore. Under a memorandum of understanding the parties will assess financing requirements, regulatory approvals, power transmission arrangements and risk allocation.

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Northern Solar secures solar and storage deals for Malaysian data centres

Malaysia-based renewable energy company Northern Solar Holdings Berhad has secured two contracts totalling 189 MW of solar capacity, coupled with battery energy storage systems (BESS), to supply electricity to two data centres in Malaysia. The agreements were awarded to its wholly owned subsidiary, Northern Solar Assets Sdn. Bhd., under the Corporate Renewable Energy Supply Scheme (CRESS).

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