Author: Khushboo Goyal

Blueleaf Energy achieves financial close for 400 MWh BESS in Malaysia

Blueleaf Energy and Universal Peak Sdn Bhd have achieved financial close with UOB for a utility-scale battery energy storage (BESS) project in Malaysia. The project will have an installed capacity of 100 MW/400 MWh. Project construction will commence under a build, own, and operate model. Universal Peak will support the project as a turnkey provider of electrical infrastructure solutions. The project is expected to be commissioned in mid-2027.

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Infinity Power and Hassan Allam sign 1 GW wind PPA in Egypt 

Infinity Power and Hassan Allam Utilities Energy have signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Co. (EETC) for the Ras Shokeir wind project. The project, located in Egypt, will add 1 GW of wind generation capacity to the grid. Furthermore, once operational, the project is expected to supply clean electricity to more than 1.2 million households while offsetting over 1.36 million tonnes of carbon emissions annually.

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CVC DIF acquires Gabriela hybrid project in Chile

CVC DIF has completed the acquisition of the Gabriela hybrid project in Northern Chile. The project was acquired  from Grenergy. The project comprises 272 MW of installed solar photovoltaic capacity and 1,100 MWh of battery energy storage (BESS) capacity. The project is also supported by a 15-year dollar denominated, inflation-indexed hybrid power purchase agreement.

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Monarch completes solar-plus-storage projects in Texas

Monarch Private Capital announced completion of two hybrid solar and battery energy storage (BESS) projects in Texas, developed by Sunraycer Renewables, for which it provided tax equity financing. The projects include the Midpoint solar project located in Hill County and the Gaia solar project located in Navarro County. Furthermore, the Midpoint project comprises 127.05 MWdc of solar capacity and a 50 MW/100 MWh BESS while the Gaia project comprises 183.84 MWdc of solar capacity and a 75 MW/150 MWh BESS.

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CrossBoundary begins operations of solar with storage project in South Africa 

CrossBoundary Energy commenced operations of its solar and battery energy storage system (BESS) project for Kamoa Copper South Africa. The project comprises a 233 MWp solar photovoltaic array and a 123 MVA/526 MWh BESS. The project will supply 30 MW of baseload power to the Kamoa Copper mining complex in the Democratic Republic of Congo (DRC).

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OMV Petrom expands green hydrogen production at Petrobrazi refinery

OMV Petrom has completed the delivery of all seven modules for its 35 MW green hydrogen electrolyser at the Petrobrazi refinery in Romania. The project, supplied by Neuman & Esser, consists of seven 5 MW electrolysis modules and is currently being integrated into the refinery infrastructure. Together with the earlier announced 20 MW electrolyser, Petrobrazi’s total green hydrogen production capacity will reach 55 MW.

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ENGIE commissions 251 MW BESS projects in Chile

ENGIE has commenced commercial operations for two battery energy storage system (BESS) projects in Chile. The projects include the Libélula and Los Loros BESS, adding a combined 251 MW of storage capacity to the National Electric System. With the addition of these projects, ENGIE’s operational BESS portfolio in Chile has reached 663 MW. Furthermore, the Libélula project, located in the Metropolitan Region, includes a 203 MW/1,034 MWh five-hour duration BESS along with a 140 MW solar plant comprising 245,560 solar panels.

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CIP acquires Gawara Baya hybrid project in Australia

Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V fund, has acquired the Gawara Baya hybrid project located in North Queensland, Australia. The project was acquired from Windlab. The project combines a 408 MW onshore wind farm comprising 68 wind turbines with a 104 MW grid-forming battery energy storage system (BESS). Commercial operations for the project are expected in 2030.

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Return and Vattenfall sign agreement for 800 MWh BESS in Netherlands

Return and Vattenfall have signed a long-term agreement for the 200 MW/800 MWh Sirius battery energy storage system (BESS) project located in Winschoten, Groningen, Netherlands. The project is being delivered by Huawei, Hanab and Omexom, covering battery technology, construction and installation. Under the agreement, Vattenfall will secure access to the project’s charging, storage and power delivery capacity in exchange for a fixed fee.

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Role of Tax Equity Investments in US clean energy sector

Energy tax credits play a central role in supporting investment and growth across the energy sector. Their continued availability, alongside evolving mechanisms for monetising these incentives, provides a supportive framework for further clean energy deployment. Federal tax credits provide financial incentives for a range of energy sources, manufacturing technologies, and critical minerals, driving adoption across states, industries, and customers. They work by reducing the tax liability of project developers and investors, effectively lowering the overall costs of developing energy projects.

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India launches PM-SSY Floating Solar scheme

India is giving a fresh impetus to floating solar with the launch of the Pradhan Mantri Surya Sarovar Yojana (PM-SSY). Approved by the Union Cabinet on July 31, 2026, the scheme seeks to address one of the growing constraints to large-scale solar development: the availability of suitable land. It envisages the development of 5,000 MW of floating solar photovoltaic (FSPV) capacity, with a total financial outlay of Rs 50.70 billion. The projects will be sanctioned during FY 2026-27 to FY 2030-31, with financial assistance continuing to be disbursed through FY 2032-33.

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Renewables Account for 50% European Electricity in 2025

In 2025, renewable energy sources made up 49.9% of gross electricity consumption in the EU, more than 2 pp higher than the previous year (47.5% in 2024). The growth in electricity generated from renewable energy sources during the period 2015 to 2025 largely reflects an expansion in 2 renewable energy sources across the EU, namely wind power and solar power. Wind power and hydropower accounted for almost two-thirds of the total electricity generated from renewable sources (38.0% and 26.4%, respectively). The remaining one-third of electricity generated was from solar power (23.4%), solid biofuels (5.8%) and other renewable sources (6.1%).

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Sungrow begins construction of 10 GWh Egyptian BESS manufacturing facility 

Sungrow has started construction of a battery energy storage system (BESS) manufacturing facility in Egypt with an annual production capacity of 10 GWh. The facility is valued at $50 million and is being developed in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna. The facility is expected to commence production in April 2027.

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Amazon signs wind PPAs in Sweden

Amazon has signed four power purchase agreements (PPAs) for wind projects in Sweden. The agreements are expected to add approximately 200 MW of new carbon-free energy capacity. The projects include the Fageråsen, Boarp, Dållebo and Fågelås wind projects, which are being developed by OX2 and Eolus. Furthermore, the Fageråsen project will have a capacity of 132 MW, while the Boarp, Dållebo and Fågelås projects have capacities of 17.5 MW, 18 MW and 31.5 MW, respectively.

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Ballard acquires UK hydrogen company GeoPura 

Ballard Power Systems has completed the acquisition of UK-based GeoPura. GeoPura, founded in 2019, designs, manufactures and operates hydrogen power units (HPUs) for off-grid power applications. The HPUs use Ballard fuel cell modules to convert hydrogen into clean electricity. Furthermore, the transaction involves upfront consideration of £275 million, including £82.5 million in cash and newly issued Ballard common shares.

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Georgia’s Climate and Energy Planning: IRENA Report

Georgia, like many other countries, is increasingly recognising the importance of aligning its national climate and energy planning instruments to ensure effective implementation, avoid duplication of efforts and provide clear signals to investors and stakeholders. As governments simultaneously develop or update multiple plans, the challenge of ensuring consistency across different timelines, institutional mandates and modelling approaches has become more prominent.

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São Paulo’s Transport Decarbonization Updates: Policy Update

PlanClima SP is the climate action plan for the city of São Paulo and the main instrument for coordinating mitigation and adaptation actions across several policy areas, including transport, land use, energy, waste, and climate risk management. Its first version was released in 2021 and established a regular review cycle, with updates expected at least once per new municipal administration.

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Australia’s Maritime Emissions Reduction Plan: Report

The MERNAP identifies approaches to decarbonising Australia’s domestic maritime sector, contributing to the decarbonisation of international shipping and supporting the growth of Australia’s low and zero carbon energy exports. The MERNAP is intended to support competitiveness, prosperity and equitability in Australia’s maritime and energy sectors as the global maritime sector transitions to a decarbonised future.

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Air Products and Nobian sign hydrogen agreement

Nobian and Air Products have entered into a long-term agreement for the offtake of RFNBO-compliant, certified hydrogen produced at Nobian’s facility in Rotterdam, the Netherlands. The hydrogen is generated through a renewable energy-powered chlor-alkali electrolysis plant, which has a production capacity of more than 14,000 tonnes per year. By supplying certified RFNBO hydrogen through existing infrastructure, Air Products will help customers meet the Netherlands’ RED III requirements while strengthening Rotterdam’s position as a hydrogen hub.

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Greenvolt Group secures financing for 1.6 GWh BESS projects in Poland

Greenvolt Group has secured a financing package from UniCredit comprising €153 million in bridge facilities and a €65 million guarantee facility to support the development of the Ełk and Turośń battery energy storage system (BESS) projects in Poland. The projects, developed by Greenvolt Power, have a combined capacity of 400 MW/1.6 GWh, with each project comprising 200 MW/800 MWh of storage capacity.

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