Lightsource bp and Toyota Motor North America have concluded a 15-year virtual power purchase agreement (VPPA) linked to electricity from the 231 MW Jones City 2 solar project in Texas, US. The project forms part of the larger Jones City energy center and entered the construction phase in spring 2025. The Jones City energy center has a cumulative capacity of 700 MW.
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Levanta Renewables has completed the acquisition of a fully operational 93 MWp ground-mounted solar portfolio in Thailand. The acquired portfolio comprises multiple solar plants located across eight provinces in Thailand. These projects are contracted under long-term power purchase agreements with the Provincial Electricity Authority and the Metropolitan Electricity Authority.
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H2APEX Nova Holding GmbH, a subsidiary of H2APEX Group SCA, and the East Energy Group have established a joint venture (JV) named Hanseatic H2 to develop decentralised green hydrogen projects in Germany. The partnership plans to build four standardised electrolysis plants, each with a capacity of 5 MW, at locations across Northern and Eastern Germany. The projects will produce RFNBO-compliant hydrogen.
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Nextpower and Abunayyan Holding have completed the incorporation of their joint venture (JV), Nextpower Arabia, headquartered in Riyadh, Saudi Arabia. The JV has been established to support the deployment of utility-scale solar projects across the Middle East and North Africa region. Additionally, the partners have announced a new advanced manufacturing facility in Jeddah that will be operational in the second quarter of 2026.
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Blue Elephant Energy has acquired an onshore wind energy portfolio with a total nominal capacity of 381 MW in Mecklenburg-Western Pomerania. The portfolio, purchased from WIND-projekt, includes 37 operational wind farms with a cumulative installed capacity of 260 MW. Additionally, it includes four under construction wind farms totalling 46 MW, and three more wind farms totalling 75 MW will be transferred at the start of construction.
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Standard Chartered Bank has completed its inaugural green bond issuance, raising approximately €1 billion. The proceeds are intended to support projects aligned with renewable energy, green buildings, and circular economy solutions across Asia, Africa, and the Middle East. Additionally, the proceeds will be used for climate-resilient infrastructure, energy efficiency initiatives, and sustainable water and natural resource projects.
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Scatec ASA has entered into a long-term power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for the development of a solar-plus-storage project in Egypt. The agreement covers 1.95 GW of solar generation capacity and 3.9 GWh of battery storage. As per this arrangement, Scatec will develop one integrated solar and battery storage hybrid project, alongside two standalone battery energy storage systems.
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Treaty Oak Clean Energy has closed financing and begun construction on two solar projects in Louisiana, together adding 385 MW of renewable capacity. The projects include the Beekman solar project in Morehouse Parish and the Hollis Creek solar project in Sabine Parish. The electricity generated from both projects will be supplied to Meta Platforms through long-term offtake arrangements.
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Masdar has entered into a power purchase agreement (PPA) for a 150 MW solar project in Angola. The agreement secures long-term electricity offtake for the Quipungo solar project, which is located in Huila province in southern Angola. The PPA was signed with the Rede Nacional de Transporte de Electricidade (RNT-EP), the state owned electricity-transmission company.
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The US is witnessing an unprecedented rise in electricity demand, driven by AI-based data centres, semiconductor fabrication plants and other energy-intensive industries, which are straining the existing transmission and interconnection framework. In line with the US administration’s broader goals to strengthen domestic manufacturing, support AI infrastructure, and ensure that access to the transmission grid remains efficient, timely and non-discriminatory, the US DOE, on October 23, 2025, directed the FERC to begin the rulemaking process on establishing standardised interconnection procedures for large electrical loads.
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After a period of unprecedented growth, the EU solar market is poised to take a small step back in 2025. The bloc is set to install 65.1 GW of new solar PV capacity, marking the first annual decrease in market size in a decade. Following years of extraordinary expansion, +38% in 2021, +48% in 2022, and +51% in 2023, growth had already slowed sharply in 2024, when installations rose only 2.8% to 65.6 GW. In 2025, the market is expected to shrink by 0.7%, confirming that the EU solar boom is under pressure. Several factors underpin this slowdown.
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India’s renewable energy growth has been guided by a mix of near-term programmes and long-term planning initiatives undertaken by the government. In the short term, the focus has been on implementing already-notified schemes and mechanisms, such as the competitive bidding guidelines for solar, wind and hybrid projects; schemes for rooftop solar and decentralised renewable energy; promotion of storage technologies, including batteries and pumped hydro; and support measures like the production-linked incentive scheme for high-efficiency solar PV modules. These instruments have provided the framework within which industry and states are scaling up renewable deployment.
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EDP, S.A., through its subsidiary EDP Renováveis, S.A. (EDPR), has secured a 30-year power purchase agreement (PPA) with Consumers Energy Company for electricity generated from a 150 MWac, or 209 MWdc, solar project in Clark County, Illinois, US. Completion of the transaction remains subject to regulatory clearance from the Michigan Public Service Commission. The solar project is scheduled to commence operations in 2027.
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ContourGlobal has commissioned a 202 MW/500 MWh standalone battery energy storage system (BESS) in the Stara Zagora region of Bulgaria. The facility is fully operational and is participating in the country’s day-ahead and intraday electricity markets. Located on a 25,000 square metre site within the Maritsa East 3 coal-fired power plant complex, the project is funded through the European Union’s NextGeneration EU programme.
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Duke Energy Florida has unveiled an integrated green hydrogen production, storage, and combustion system in Volusia County, Florida. The DeBary production storage system uses renewable energy from a 74.5 MW solar plant which powers two 1 MW electrolyser units. The system supplies hydrogen to a recently upgraded GE Vernova gas turbine that can run on natural gas-hydrogen blends of high percentage hydrogen.
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In December 2025, the Energy Markets team of NYSERDA published Patterns & Trends – New York State Energy Profiles 2009-2023, a compilation of energy statistics and data on energy consumption, supply sources, prices, and expenditure information for New York State. The report presents New York State (NYS) energy statistics, evaluating energy consumption and prices over the past 15 years. These energy statistics provide a baseline reference for various research efforts conducted by NYSERDA and other government agencies, authorities, academia, and the public.
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This report assesses the outlook for Ireland’s energy security to 2035, drawing on international experience and detailed power system modelling developed with EirGrid, Ireland’s transmission system operator. There is a clear need to establish a unified cross-sectoral energy strategy to set a vision that guides this transition, supported by a detailed security study on the electricity supply mix. Ireland can build on its progress in power system transformation to set an example of secure integration of large shares of variable renewable generation while safeguarding energy security.
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Global floating solar capacity is projected to expand rapidly over the next decade, reaching around 77 GW of installed capacity by 2033, with the Asia-Pacific region expected to lead this growth. This expansion reflects falling generation costs, currently between USD 0.05 and 0.07 per kWh, and continued design innovations that are making floating solar a viable alternative to land-based systems. The Global Floating Solar Framework consolidates global experience and presents it in a form that is practical, actionable, and adaptable.
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Spearmint Energy has closed an equity investment with Kyuden International Corporation for two battery energy storage system (BESS) projects in Texas. The investment covers the Tierra Seca and Seven Flags projects, each with a capacity of 100 MW/200 MWh, located in Del Rio and Laredo, respectively. Together, the two projects add 400 MWh of battery storage capacity to ERCOT.
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OMV and Austria Wirtschaftsservice GmbH have entered into a funding agreement to support the construction of a green hydrogen plant in Bruck an der Leitha, Lower Austria. The agreement provides production funding of up to about €123 million for the planned project. The proposal had earlier received a positive assessment and funding recommendation from the European Hydrogen Bank.
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