Greenvolt Power has raised € 284 million in project financing for its 253.1 MW wind project in Gurbănești, located east of Bucharest, Romania. The project is currently under construction and is expected to begin commercial operations by the end of 2027. It will comprise 42 wind turbines, each with a capacity of 6.1 MW. The financing has been arranged through a syndicate of eight financial institutions.
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Clearway Energy Group has closed financing and started construction of the 650 MW Swan Energy Center in Bates County, Missouri. The project is backed by a 20-year power purchase agreement and is expected to begin commercial operations in 2028. Clearway secured financing for the $1.5 billion project through a bank consortium led by Canadian Imperial Bank of Commerce, DNB Bank ASA, and National Australia Bank Limited.
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tesa has signed an agreement with EWE HYDROGEN GmbH to receive 500 tonnes of green hydrogen annually for its plant in Hamburg from 2028 in Emden, Germany. The hydrogen will be used for steam generation and is expected to replace fossil fuels, reducing emissions at the plant by around 6,000 tonnes of carbon emissions per year. EWE plans to produce the hydrogen at its 320 MW hydrogen production plant in Emden, which is scheduled to start operations by the end of 2027.
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Cargill is expanding its renewable electricity portfolio in the US through solar and wind projects in Oklahoma and South Dakota. It has signed a 12.6-year virtual power purchase agreement (VPPA) for 87 MW of wind power from the Sweetland wind project in South Dakota. The project is expected to generate about 392,000 MWh of renewable electricity annually and support a reduction of around 162,000 metric tonnes of carbon emissions each year from Cargill’s operations.
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Actis has launched Leo Energies, its fourth renewable energy platform in India. The platform targets a portfolio of over 3 GW of onshore wind, solar and battery energy storage system (BESS) assets. The platform has signed agreements to acquire approximately 650 MWp of operational solar capacity across Rajasthan, Tamil Nadu, Gujarat, Karnataka and Andhra Pradesh.
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Scatec, in partnership with EDF Power Solutions, has commenced construction of the 900 MW Shadwan onshore wind project in Egypt. The project has a total capital expenditure of $716 million and is expected to generate around 4 TWh of electricity annually. Additionally, Scatec has signed a 3-year equity bridge loan agreement worth $150 million with The Arab Energy Fund, including $50 million for Shadwan and $100 million for the 1,950 MW solar and 3,935 MWh battery energy storage system Energy Valley project.
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MaxSolar has secured €155 million HoldCo debt financing from funds managed by Copenhagen Infrastructure Partners (CIP). The facility will refinance MaxSolar’s existing HoldCo debt and provide additional capital for the development of its solar photovoltaic (PV) and battery energy storage system (BESS) portfolio in Germany. The financing will support an approximately 1.3 GW portfolio, of which 465 MW is already operational.
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The UK government has announced the creation of the Great British Grid (GBG), a new publicly owned body within the Great British Energy (GBE) that will invest in electricity network infrastructure and support faster delivery of grid projects needed to connect clean power and meet rising electricity demand. GBG will bring together public and private investment to support critical network infrastructure, working alongside existing network operators to accelerate projects and increase competition.
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Linea Energy has closed project debt financing and secured a preferred equity commitment for the 250 MW/500 MWh Mesa View standalone battery energy storage system (BESS) in Upton County, Texas. The debt financing includes a construction-to-term loan, a tax equity bridge loan and a letter of credit facility. Furthermore, D.E. Shaw Renewable Investments provided the preferred equity commitment.
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Wärtsilä and RCT Solutions GmbH have launched Valo, a new global battery energy storage system (BESS) integrator with 7.5 GWh of projects in Australia. The joint venture will provide end-to-end solutions for utility-scale battery energy storage projects. Wärtsilä’s Energy Storage business will contribute utility-scale storage technology, controls and optimisation software, system integration expertise and lifecycle services.
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Manufacturers of cars and trucks are largely on track to meet the EU’s carbon dioxide (CO2) standards for new vehicles, provided there are continued investments in the transition. For passenger cars, as of June 2026, auto manufacturers were less than 2 g CO2/km short of the average target of 93 g CO2/km for the 2025–2027 period. Electric vehicles are a large part of the compliance strategy. Battery electric passenger cars reached a 22% share among new vehicle registrations in the first half (H1) of 2026, with strong performance in large passenger car markets like France (28% of new registrations) and Germany (26%), as well as several smaller markets like Belgium (36%) and Denmark (80%). Adoption has also picked up in Italy (8%) and Spain.
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Roughly 60 clean-hydrogen projects, more than 4.9 million tonnes a year of planned capacity, were cancelled in 2025. The technology did not stop working. The economics only ever closed on a single subsidy, the demand never showed up at the price, and OBBBA just lit a fuse under the subsidy. Here is the arithmetic a 2026 investment committee actually needs. These were not fringe ventures. Air Products walked away from a multi-billion-dollar project; BP and Statkraft retrenched; S&P Global counts around 60 clean-hydrogen projects shelved in 2025. Every post-mortem lands on the same three causes: no bankable offtake, cost inflation through construction, and policy uncertainty. Two of those three are economic, and they are quantifiable. So let us quantify them, on June-2026 cost inputs rather than 2021 ambition.
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The Philippines, an archipelago of more than 7,600 islands across rugged and mountainous terrain, remains one of the Association of Southeast Asian Nations’ (ASEAN) fastest-growing economies. The Department of Energy (DOE) is targeting a renewable energy share of 35 per cent by 2030 and 50 per cent by 2040, up from about 25 per cent today, while system peak demand (SPD) is projected to more than quadruple from 20 GW in 2026 to over 80 GW by 2050. This expansion is being driven by a strengthening economy, a rising population, urbanisation, increasing electrification and a growing digital economy, including data centres.
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Atmos Renewables, the Australian renewables business of Igneo Infrastructure Partners, has reached financial closure on two projects supported by the Australian Government’s Capacity Investment Scheme (CIS). The projects are the 400 MW/1,600 MWh Teebar battery energy storage system (BESS) project in Queensland and the 470 MW Parron Maam Marang wind farm in Western Australia.
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Alight has acquired a portfolio of 40 large-scale solar projects in southern Sweden from Soltech Energy Solutions. The acquired portfolio has a cumulative planned solar capacity of around 2 GW. Most of the projects also have options for co-located battery storage. The projects are located across Sweden’s SE3 and SE4 electricity price areas. The transaction has been completed following approval from the Inspectorate of Strategic Products.
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Enel, through its wholly-owned subsidiary Enel Green Power North America, has completed the acquisition of 7 operational solar plants in the US from an unnamed utility. The plants have a combined installed capacity of approximately 270 MW, and are expected to generate around 0.4 TWh of electricity annually. The acquisition was completed for approximately $140 million.
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Latin America and the Caribbean (LAC) has significant climate investment opportunities and some relatively mature markets, but climate finance remains far below needs and highly uneven across countries, sectors, and climate objectives. Brazil, Mexico, and several larger South American economies have deeper capital markets and larger project pipelines than other countries in the region, along with significant opportunities in renewable energy, industry, and land use. By contrast, other Caribbean, Central and South American countries face smaller markets, high exposure to climate shocks, greater dependence on imported fuels and more constrained fiscal space.
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Estonia’s energy transition, driven by the rapid decline of oil shale generation, faces a trilemma between security, affordability, and decarbonization. Using a structural general-equilibrium framework, this paper evaluates the macroeconomic effects of Estonia’s new energy plan, combined with deeper European electricity market integration, EU mitigation policies, the impact of AI-related datacenters and broader electrification pressures. Results show that expanding domestic supply and market integration lowers long-term prices by one-third, increases GDP, reduces import dependence, and supports emissions reduction.
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The report “Exploring Carbon Recycling Opportunities in ASEAN” is a collaborative study organised by the Asia Carbon Capture, Utilisation, and Storage (CCUS) Network of the Economic Research Institute for ASEAN and East Asia to support acceleration of decarbonisation in Asia. To achieve decarbonisation and NZE, there is no single solution that fits for all countries in the region. Natural resource endowments, technical capacities, available funding, and other resources may lead to different pathways in meeting NZE. The objective of this study is to include research institutions from various countries and expose them to potential carbon recycling issues and inclusively provide their thoughts on how to harness the opportunity.
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Foresight has reached financial close for the 130 MW first stage of the Kondinin wind farm in Western Australia’s Wheatbelt, securing A$430 million in debt financing. The financing has been provided by Australia and New Zealand Banking Group, Commonwealth Bank of Australia, Deutsche Bank, HSBC and Westpac. The financial close will allow construction of stage 1 to begin.
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