rPlus Energies has commenced commercial operations at the Green River Energy Center located in Emery County, Utah. The project features 400 MW of solar generation capacity and a 400 MW/1,600 MWh battery energy storage system (BESS). The project is expected to generate over $55 million in property tax revenue to support local schools and public services. The project was commissioned on June 22, 2026.
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Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), has reached financial close for the 392 MW Pestera II onshore wind project located in Constanța County, Romania. The project secured a 15-year contract for difference (CfD) for 245 MW of capacity in December 2024. The project is expected to commence commercial operations in 2028.
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SunAsia Energy Inc. and VinEnergo have partnered to develop a 422-MWp solar on Water portfolio across Pampanga and Negros Occidental, Philippines. The portfolio comprises three floating solar projects representing an estimated investment of $406 million. The projects are targeted for commercial operation between 2027 and 2028. Once operational, the projects are expected to generate clean electricity to power more than 278,000 homes annually.
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Oil and gas expertise can support the renewable energy transition when it is applied honestly, selectively, and with measurable results. Its best uses are in offshore wind, geothermal energy, carbon capture and storage, hydrogen, methane reduction, safety systems, and large-scale project delivery. But expertise is not the same as progress. If traditional energy companies continue to prioritise fossil fuel expansion while using clean energy language for reputation, they will slow the transition rather than support it. The real question is not whether oil and gas knowledge has value. It does. The better question is whether that knowledge will be used to protect old systems or build cleaner, safer, and more reliable energy infrastructure for the future.
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ContourGlobal has entered the UK market with the acquisition of 500 MW/2,000 MWh Wallace battery energy storage (BESS) from a consortium of sellers including New Energy Partnership Limited. It is a four-hour-duration BESS. The project is expected to participate in the upcoming UK Capacity Market auction. The project also benefits from a full planning consent, a secured land option, and allocated Gate 2 status under the UK grid connection reform process.
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The Asian Development Bank (ADB) has approved a $63.44 million financing package to support the deployment of a 250 MW/500 MWh battery energy storage system (BESS) at Cambodia’s Takeo substation. The financing package comprises a $40 million concessional loan and a $5 million grant from ADB, alongside $18.44 million in co-financing from the Green Climate Fund and the UK through the ASEAN Catalytic Green Finance Facility.
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Amazon, Meta, Google, and Microsoft currently account for 49 per cent of all corporate clean power purchase agreements (PPA) volumes globally in 2025, contracting more than 27 GW between the four of them. The interesting change is that generation mixes are becoming more and more firm, as developers selling baseload-like products such as co-located solar-plus-storage, hybrid wind plus solar represented seven of the top 10 PPA sellers. Google signed 1 GW of solar with TotalEnergies in Texas alone. This massive increase in procurement is being caused by multiple state mandates that makes new clean energy a safe path forward for data center operators, and it’s creating near-guaranteed demand for solar-plus-storage developers.
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I Squared Capital and GS E&C have signed a memorandum of understanding to establish a joint venture (JV) focused on developing solar and battery energy storage projects in South Korea. The partnership aims to secure and develop 1.5 GW of renewable energy capacity by 2035, including approximately 820 MW of solar projects. The collaboration aligns with South Korea’s energy transition goals as it targets renewable energy sources to contribute at least 20 percent of total electricity generation by 2030.
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Neoen has been awarded a 20-year capacity services contract from the Independent Electricity System Operator (IESO) for a 200 MW/1,600 MWh battery energy storage (BESS) project in Ontario. The project was awarded through Ontario’s Long-Term 2 Capacity Services procurement process. The project will provide 190 MW of capacity services over an eight-hour duration.
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Matrix Renewables has closed a $1.3 billion financing package for a US portfolio comprising 859 MWdc of solar and 167 MWh of battery energy storage projects (BESS) across Texas, California, and Idaho. The transaction includes over $470 million in construction-to-term loans, around $400 million in tax equity bridge financing, and approximately $100 million in letters of credit.
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In 2026, the United States surpassed 6 million solar installations, just two short years after it reached 5 million installations. For Americans looking to save on their utility bills and, for those who add batteries, ensure resilient access to power during a grid outage, solar and storage are the go-to solutions. There is enough solar installed in the United States to power roughly 50 million households, and by 2034, there will be enough solar capacity to power 100 million homes. In 2025, a new solar project was installed every 59 seconds, and solar and storage combined to provide 79% of all new energy capacity added to the U.S. grid.
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Europe is faced with the unprecedented challenge of meeting its energy transition goals of achieving climate neutrality by 2050 (at least 55 per cent emission reduction by 2030), while simultaneously phasing out reliance on Russian fossil fuels (by 2027) and ensuring energy security, affordability, and industrial competitiveness. To address concerns over lagging transition investment in Europe, in March 2026, EC published the Clean Energy Investment Strategy (CEIS). The CEIS is structured around two broad pillars — unlocking capital market access for energy infrastructure, and the strategic deployment of public funds as de-risking instruments — supported by an upgraded institutional dialogue.
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At a time when energy security, decarbonisation and affordability are high on the global agenda, Africa has an opportunity to harness its ocean-based renewable energy resources. The continent’s vast coastline, spanning 30,500 kilometres, offers significant potential for offshore wind and other ocean-based renewable energy technologies, supported by strong offshore winds and ocean currents. Yet, these power sources are still in the early stages of development. South Africa leads the way with 1,632 GW in offshore wind potential, followed by Namibia (1,259 GW), Libya (585 GW), Somalia (447 GW), and Morocco (382 GW).
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ZESCO, Zambia’s national power utility, and Korea-based KS Eco Solutions Holdings Limited have signed a power purchase agreement (PPA) for the development of a solar power project in Zambia. The project will have an installed capacity of 500 MW. The project supports the government’s strategy to increase private sector participation in the energy sector through ongoing reforms.
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Amazon and Skyborn Renewables have signed a 600 MW power purchase agreement (PPA) for electricity from the Gennaker offshore wind farm. The project is located in the German Baltic Sea and will add up to 976.5 MW of offshore wind capacity to Germany’s power system. The project will feature 63 offshore wind turbines rated at 15 MW each. Project construction is expected to commence following financial close in summer 2026, with commercial operations targeted for late 2028.
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Saulteau First Nations and EDF power solutions North America have signed a 30-year electricity purchase agreement (EPA) with BC Hydro for the Taylor South Wind Project. The project, located in British Columbia (BC), has an installed capacity of 200.6 MW. The project is expected to begin supplying enough clean electricity to power around 60,000 homes by 2032.
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Numerous countries have developed critical minerals lists. These lists greatly overlap but are rarely identical because vulnerabilities and demand are unique to each country’s geology, capacity, and requirements. The United States 2025 List of Critical Minerals, developed by the U.S. Geological Survey, includes sixty minerals, up from fifty in 2022. Unlike many other countries, the United States does not group heavy and light rare earth elements (REEs) or Platinum Group metals, resulting in larger lists.
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Wind remains the dominant source of renewable generation of electricity in Northern Ireland accounting for 72% of total renewable generation volumes in 2025. Such reliance on wind does mean that monthly renewable generation volumes in Northern Ireland can be prone to large fluctuations, due to changing weather conditions. Around two thirds of renewable generation capacity and generation volumes was accounted for by three of the eleven Northern Ireland district council areas namely: Causeway Coast & Glens; Derry City & Strabane; and Fermanagh & Omagh.
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NOVVA Group has signed an agreement to acquire 100 per cent of the San Jose Solar Power Plant (SJSP) from Mabuhay Power Holdings Corporation. The project is located in Mindanao, Philippines. The plant has an installed capacity of 120 MWp. The agreement marks Novva’s first investment in the Philippines, anchoring its Al-era power platform in Southeast Asia.
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Pattern Energy Group has commenced operations at SunZia renewable energy project in US. The project comprises a 3.65 GW wind generation facility and a 550-mile high-voltage direct current transmission line, delivering renewable power from New Mexico to Arizona and across the western US grid. At full capacity, the project can generate enough electricity to power approximately one million homes annually.
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