Vattenfall and the Danish Energy Agency have signed the final agreements for the development of two offshore wind projects in Denmark, Hesselø and Holmsland. The projects were awarded to Vattenfall in Denmark’s latest offshore wind tender in August 2026. Both projects are expected to add at least 1.8 GW of offshore wind capacity and are scheduled to become operational by 2032.
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Panamint Capital LLC has achieved financial close on the first phase of a $1.8 billion green loan to finance the construction of the 1.2 GWdc Big Rooter Power solar photovoltaic (PV) project in Robertson County, Texas, US. The project is being developed at the company’s Twin Oaks Power Station and Calvert Mine. The first phase involves $769 million and will fund the ongoing construction of Big Rooter West, which has a capacity of 491 MWdc.
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Envusa Energy, a joint venture between EDF Power Solutions and Anglo American, has fully commissioned the 520 MW Koruson 2 renewable energy cluster in South Africa. The project comprises one solar park, Mooi Plaats, with a capacity of 240 MW, and two wind farms, Umsobomvu and Hartebeesthoek, with capacities of 140 MW each. Furthermore, the project is supported by long-term power purchase agreements, with local banks providing 85 per cent of the financing as debt.
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South Korea’s Ministry of Climate, Energy and Environment has announced the opening of its 2026 hydrogen power generation bidding market. The bidding volume for the clean hydrogen segment has been set at 500 GWh per year, with a contract period of 15 years. Projects will be required to begin power generation by 2030, following a three-year preparation period.
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Türkiye’s Energy and Natural Resources Ministry has announced the winning bids for 11 solar power projects with a combined capacity of 785 MW under the Renewable Energy Resource Zone (YEKA) GES-2026 scheme. The ceiling price for the tenders was set at €5.50 per kWh, while the minimum price was set at 3.25 cents per kWh. Among the winning bids, Temmuz Gunes Denizli Enerji Uretim Sanayi ve Ticaret secured the 30 MW Denizli project, while Ezel Mensucat Sanayi ve Ticaret won the 55 MW Malatya-1 project.
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PNE Group has announced the sale of a 250 MW photovoltaic (PV) project in South Africa to an unnamed independent power producer. The project, located in the Free State province, is currently under development. Following the sale, PNE South Africa will continue to support the investor by providing project development services until the project reaches financial close.
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BW ESS has started commercial operations of the first phase of its Hams Hall battery energy storage system (BESS) in the West Midlands, UK. The first phase has a capacity of 350 MW/1,243 MWh, making it the largest BESS in Europe by storage capacity. The project is located next to National Grid’s Hams Hall substation. Furthermore, the second phase will increase the total capacity of Hams Hall to 400 MW/1,424 MWh.
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The European Investment Bank (EIB) will provide a loan of up to $90 million, guaranteed by the EU through the European Fund for Sustainable Development Plus (EFSD+), to finance the first phase of the Dandara solar photovoltaic (PV) and battery energy storage system (BESS) project in Egypt. Located in Qena Governorate, Phase 1 comprises a 569 MWp solar PV plant and an associated 100 MWh BESS.
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South Korea’s Ministry of Climate, Energy and Environment has announced an auction for approximately 2.2 GW of offshore wind capacity in the second half of 2026. The auction will offer fixed-price contracts for 1,700 MW of fixed-bottom offshore wind capacity, comprising 1,400 MW under the general bidding category and 300 MW under the public-led category, in which public institutions are required to hold an equity stake.
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Neoen has secured $1.8 billion in debt financing from 13 Australian and international lenders to support a 1.2 GW renewable energy portfolio in Australia. The portfolio includes two wind farms, two battery storage projects (BESS) and one solar farm across South Australia, New South Wales and Western Australia. The assets include the 150 MW/193.5 MWh Hornsdale Power Reserve, 209 MW Goyder South Wind Farm Stage 1A, 440 MWp Culcairn Solar Farm, 215 MW/963 MWh Culcairn Battery and 179 MW Narrogin Wind Farm.
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EIG and Acwa Power have entered into definitive agreements to establish Plenum Power, a strategic partnership focused on investing in the U.S. power sector. The partnership is expected to launch with an initial equity commitment of approximately $4 billion. Plenum Power will combine Acwa’s capabilities in developing, financing, constructing, and operating large-scale power projects with EIG’s experience in financing and scaling energy infrastructure platforms.
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Greenfield Global and European Energy have signed a joint venture (JV) agreement to develop an e-methanol production facility near Montréal, Québec, Canada. The proposed facility will have an annual production capacity of 48,000 tonnes and will utilise renewable electricity and biogenic carbon dioxide from Greenfield Global’s existing ethanol operations.
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The Solar Energy Corporation of India Limited (SECI) has invited bids for the selection of developers to set up 4,000 MW/16,000 MWh of standalone battery energy storage systems (BESS) in Rajasthan and Gujarat. The projects will be developed under the build-own-operate model through tariff-based competitive bidding for on-demand energy supply. The tender has been divided into two packages: 2,500 MW/10,000 MWh in Rajasthan and 1,500 MW/6,000 MWh in Gujarat.
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The Government of Singapore has announced a five-year energy infrastructure plan to meet rising electricity demand, with peak demand projected to increase from 8.6 GW in August 2026 to between 9.9 GW and 13 GW by 2031. The plan includes five new natural gas-fired power plants expected to enter operation between 2026 and 2031, expanding generation capacity by around 26 per cent from the current 12 GW.
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China is the global leader in electrolysis, and competition among manufacturers is fierce. Interest in electrolysers – a critical technology for producing low-emissions hydrogen – has surged in recent years, with global deployment reaching a record of 4 gigawatts (GW) in 2025, up from nearly 300 megawatts (MW) just five years earlier. The vast majority of deployment has taken place in China, which currently accounts for two-thirds of global installed electrolyser capacity, in addition to two-thirds of capacity that has reached a final investment decision.
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From 9 to 20 November 2026, UN member states, civil society, youth and the scientific community will gather in Antalya, Türkiye, for the 31st United Nations Climate Change Conference (COP 31). Following COP 30 in Belém, Brazil, which marked ten years of the Paris Agreement adoption, attention is shifting from setting climate targets to implementing them. Yet significant challenges remain. Global emissions reductions are insufficient to meet the Agreements goals, climate finance remains difficult to access for vulnerable countries and growing climate risks are placing additional pressure on communities and ecosystems. COP 31 will test whether international climate cooperation can translate political commitments into practical implementation.
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As local governments across the United States make progress toward their clean energy goals, a new challenge is emerging: rising electricity demand from data centers. Data centers are not new, nor are they the only driver of growing electricity demand. However, the speed and scale of recent development have placed them at the center of conversations about land use, infrastructure investment, siting and economic development. Communities are increasingly concerned about the impacts of data centers on local energy and water systems, noise and air pollution, as well as the broader implications of the growth of artificial intelligence (AI) on economies and society.
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Delta Capacity has reached financial close on two standalone battery energy storage system (BESS) projects in Finland with a combined capacity of 250 MW/600 MWh. The Karppio BESS project in Teuva has a capacity of 125 MW/300 MWh and is being developed with Strioga Family Foundation, while the 125 MW/300 MWh AKKU One project in Lapinlahti is being developed with COVENERGO.
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Climate Fund Managers has secured approval for $140 million in financing from the Green Climate Fund (GCF) for Climate Investor Three (CI3), a blended finance facility focused on industrial decarbonisation, including green hydrogen infrastructure. Under the GCF-supported programme, CI3 will invest in green hydrogen production, downstream products such as green ammonia and green methanol, and the decarbonisation of hard-to-abate industries in South Africa and Namibia.
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Qualitas Energy has secured a US$286 million non-recourse financing package for its Chilean portfolio under Qualitas Energy Fund V (QE V). The portfolio comprises eight assets with a combined renewable energy generation capacity of 259 MW and battery storage capacity of 840 MWh. These include 66 MW of operational run-of-river hydropower assets, a 154 MWp solar photovoltaic project integrated with 840 MWh of battery energy storage systems (BESS), and 39 MW of onshore wind capacity.
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