Scatec ASA has commenced commercial operations of the 142 MW Rio Urucuia solar power plant in Minas Gerais, Brazil. This project expanded Scatec’s Brazilian installed capacity to 835 MW. The project operates under a 10-year power purchase agreement (PPA) with Statkraft, covering around 75 per cent of expected generation, with the remaining output to be sold through the spot market and additional PPAs.
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Vena Energy has secured A$1.4 billion in green financing to support its Australian solar and BESS assets. The financing is backed by BNP Paribas, Bank of China, DBS Bank, ING Bank, Intesa Sanpaolo (IMI CIB Division), Mizuho Bank, MUFG Bank, OCBC, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and Westpac Banking Corporation. The financing covers greenfield project funding with the refinancing of existing facilities, across two transactions.
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Earthrise Energy has commenced commercial operations at the Archtop solar project located in Illinois. The project has an installed capacity of 270 MWac and comprises the Gibson City Solar 1 and 2 facilities. The project is the first to utilise the Earthrise’s surplus interconnection strategy, enabling new solar generation to leverage the existing grid infrastructure of its Gibson City natural gas peaking plant.
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The World Bank has approved $265 million to support the Ifahsa pumped hydropower storage project. The project has an installed capacity of 300 MW and is located near Chefchaouen in Morocco. The project will enhance grid flexibility and enable the integration of at least 1 GW of additional solar and wind capacity. The project is also expected to attract around $1 billion in private investment while replacing approximately 3 TWh of fossil fuel-based electricity annually.
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Actis has agreed to acquire Klara Renewables from CVC DIF. Klara Renewables is a 171 MW operational onshore wind portfolio located in Poland. The portfolio also offers around 275 MW of hybridisation potential through co-located solar PV and battery energy storage. The portfolio also has a long-term target of 1.5 GW of renewable capacity. The portfolio comprises six operational wind projects supported by contracts for difference through 2038-39, including three projects in Wielkopolska, two in Kujawy-Pomorze, and one in Podlasie, all powered by Vestas turbines.
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South Korea has awarded five offshore wind projects totaling 1.78 GW in its first-half 2026 offshore wind auction. The auction attracted bids for 3.65 GW across nine projects, and achieved a competition ratio exceeding 2:1. The selected portfolio includes more than 1.2 GW of fixed-bottom capacity, 532 MW of floating offshore wind, and a 160 MW public-led project.
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Grenergy has signed a power purchase agreement (PPA), securing a 15-year contract to supply 1 TWh of electricity annually to an investment-grade global utility in Chile. The agreement will be effective between July and October 2026. The agreement involves supply of electricity during non-solar hours from the Elena battery energy storage (BESS) project in the Antofagasta region.
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Orica has reached the final investment decision (FID) for the Hunter Valley Hydrogen Hub (HVHH) in Australia. The project will be a commercial-scale renewable hydrogen facility integrated with Orica’s ammonia manufacturing plant at Kooragang Island in New South Wales. The project will produce approximately 4,700 tonnes of renewable hydrogen annually, enabling the production of around 26,600 tonnes of low-carbon ammonia.
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The IRENA Coalition for Action hosted a preliminary findings event for its forthcoming report REPowering for Tripling: Advancing Wind Energy, produced through a dedicated Task Force bringing together leading wind energy organisations including Acciona, Global Wind Energy Council (GWEC), World Wind Energy Association (WWEA), WindEurope, SSE Renewables, Siemens Gamesa, Canadian Renewable Energy Association, and the Centre for Science and Environment (CSE, India).
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IPX Power has secured $4.95 billion in committed financing for the construction and operation of the Darden solar and storage projects located in Fresno County, California. The project will feature 1.15 GWac of solar capacity and 4.6 GWh of battery energy storage (BESS). Commercial operations for the project are expected to commence in 2028.
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EDF Power Solutions and the Sultanate of Oman have signed three agreements to advance energy cooperation and sustainable development. The agreement include the 2 GW Jabal Abyad Pumped Hydro Energy Storage (PHES) Project, to be developed in partnership with EDF power solutions, Oman National Engineering and Investment Co (ONEIC), TAKHZEEN Oman and Green Universe Enterprise (GUE) alongside Oman’s Authority for Public Services Regulation (APSR).
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Copenhagen Infrastructure Partners (CIP), through its Advanced Bioenergy Fund I (ABF I), has reached the final investment decision (FID) for the Cobirgy biogas plant located in Catalonia, Spain. The project will produce over 230 GWh of biomethane annually and around 150,000 tonnes of organic fertiliser and soil improver products. The plant will process up to 500,000 tonnes of agricultural and industrial organic waste annually.
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RWE and PPC have commissioned the final solar farm of the Amynteo photovoltaic complex located in Western Macedonia, Greece. This commissioning brings the nine solar projects with a combined capacity of 930 MWp into full operation. The projects were developed through their joint venture Meton Energy S.A. with RWE owning 51 per cent and PPC owning 49 per cent.
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EDF has signed an agreement under which KKR has agreed to acquire the US and Canadian operations and assets of EDF power solutions. The agreement is subject to regulatory approvals and employee consultation procedures. The agreement also grants EDF power solutions the option to sell these assets under the agreed terms. As of March 2026, EDF operates a renewable energy portfolio with a total net installed capacity of 5.6 GW across US and Canada.
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Aker Solutions has secured a contract from Tussa Energi to supply all electromechanical equipment for the Tussa II hydropower plant. The contract is valued between NOK 0.5 billion and NOK 1.5 billion. The plant is located in western Norway. The project will expand the facility’s installed capacity from 64 MW to 150 MW with the addition of two 75 MW Pelton turbine units.
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India’s wind power sector has regained momentum, recording its highest annual additions in nearly a decade. During 2025-26, the country added 6.05 GW of new wind capacity, exceeding the previous peak of around 5.5 GW achieved in 2016-17. A key driver of this growth has been the expanding commercial and industrial (C&I) market, which accounted for nearly 4.5 GW, or about 75 per cent, of total wind capacity additions during the year. Further, India’s total installed wind capacity stood at about 56 GW as of 2025-26. While recent momentum in the wind sector is encouraging, key challenges remain. These include untapped offshore wind potential, slower technology advancement compared to global markets, and persistent project execution and grid constraints.
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The transition towards higher shares of renewable energy across the assessed Mediterranean countries is expected to significantly increase system flexibility requirements between 2025 and 2030. As renewable deployment accelerates, ramping requirements and periods of negative residual load are expected to intensify, with Tunisia facing the most frequent occurrences, particularly in winter when demand is low and renewable output remains high. While solar and wind follow relatively predictable daily patterns, electricity demand varies seasonally, with summer demand creating mismatches between supply and consumption. This increases the need for flexible resources such as energy storage, demand response and cross-border interconnectors to balance the system.
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Hy2gen Nordic’s Albatros renewable hydrogen project located in Kassø, Denmark, has been selected for support under the European Hydrogen Bank (EHB). The project will feature a 100 MW electrolyser producing RFNBO-certified renewable hydrogen for industrial customers in Germany and across Europe. The project is expected to produce approximately 144,000 tonnes of renewable hydrogen over a period of 10 years.
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Clēnera Holdings, subsidiary of Enlight Renewable Energy, has secured a debt financing framework agreement for the CO Bar Complex in Arizona, US. The complex represents a total investment of $2.9-$3.05 billion, supported by $1.705 billion in term debt and expected tax equity proceeds of $1.45-$1.53 billion. Financing commitments totaling approximately $2.6 billion were provided by BNP Paribas Securities Corp., Crédit Agricole CIB, MUFG Bank, Ltd., Natixis, New York Branch, Norddeutsche Landesbank Girozentrale, New York Branch, Societe Generale, and Wells Fargo Securities, LLC.
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Petrobras has approved the final investment decision for the RPBC Biorefining project at the Presidente Bernardes Refinery in Cubatão, São Paulo, Brazil. The project represents an estimated investment of approximately $1.2 billion. The project involves the construction of a facility capable of producing up to 15,000 barrels per day of renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel.
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