Author: Khushboo Goyal

Skyborn reaches financial close on 976.5 MW Gennaker offshore wind farm 

Skyborn Renewables has achieved financial close for the Gennaker offshore wind farm located in Germany’s Baltic Sea. The project has an installed capacity of up to 976.5 MW. The project has secured a €2.1 billion non-recourse financing package from a consortium of 16 commercial lenders and the European Investment Bank, with the total investment exceeding €3 billion. The project is targeted for commercial operations by the end of 2028.

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Employment Implications of Clean Energy in EU: Report

EU is rapidly transforming its economy to achieve climate neutrality, guided by legally binding emissions targets. At the same time, it faces ongoing geopolitical uncertainties, including recent tensions in the Middle East. As such, it is necessary to accelerate the EU′s clean transition and further reduce its dependence on imported fossil fuels and vulnerability to energy price shocks. Europe′s transition to climate neutrality is reshaping its industrial and employment landscape, although clean energy technologies in the EU face structural challenges such as relatively high energy and labour costs, permitting and planning bottlenecks, and some limitations in access to critical raw materials.

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Building the US Electro-Industrial Economy: Report

States across the United States are competing to attract and retain the infrastructure, manufacturing, and energy assets required to support growing demand for electricity, advanced industry, and digital infrastructure. The global shift to an economy built on electricity and computerization represents a new economic development undertaking both for the United States as a whole and for individual states. These high-value industrial and infrastructure projects bring jobs, investment, and additional businesses, making them a worthwhile prize. But whereas most of these projects are commercially viable in the long term, some struggle to obtain private financing because they face permitting, market, infrastructure, or first-of-a-kind deployment risks.

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World Green Hydrogen Outlook: Report

The report aims to provide a strategic blueprint for advancing green hydrogen deployment by closing the gap between ambition and implementation. It offers insights on market creation, cost competitiveness, and infrastructure, while examining challenges such as high capital costs, fragmented demand, and technology constraints. It guides policymakers, investors, and industry leaders in building resilient ecosystems through integrated hubs, innovative financing, and manufacturing localisation. It also highlights the importance of digital enablers such as artificial Intelligence and advanced materials in improving efficiency and reducing costs. 

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Alcazar Energy achieves financial close for Štip wind farm in North Macedonia 

Alcazar Energy Partners (AEP) has achieved financial close for the 131.25 MW Štip wind farm in North Macedonia, securing approximately €115 million in senior debt financing from the European Bank for Reconstruction and Development, International Finance Corporation, and Erste Group Bank AG, as well as a separate local VAT facility by Sparkasse Bank AD Skopje.

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Invenergy and HASI close equity deal for 2.7 GW renewable portfolio in US

Invenergy and HA Sustainable Infrastructure Capital, Inc. (HASI) have closed a strategic equity partnership to support a 2.7 GW renewable portfolio of solar, solar-plus-storage and wind projects across the US. The portfolio comprises 10 projects spread across seven states: Arizona, New Mexico, Texas, Arkansas, Indiana, Ohio and New York, and six major US power markets.

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​Tunisia awards 455 MW solar projects

Tunisia’s Ministry of Industry, Mines and Energy has announced the results for the sixth round of its solar photovoltaic authorization scheme. The selection includes 309 approved projects with a total capacity of 455 MW, split into one hundred eighty-seven 1 MW capacity projects, one hundred nineteen 2 MW developments, and three 10 MW installations.

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Suniva secures $835 million to expand US solar cell manufacturing

Suniva has secured $835 million debt and equity financing to support the expansion of its US solar cell manufacturing capacity. The capital will fund Suniva’s second US solar cell manufacturing facility located in Laurens County, South Carolina. The new facility has a capacity of 4.5 GW and will expand Suniva’s total US-made solar cell capacity to 5.5 GW. The facility construction is underway, with completion expected by late 2027, followed by a full production ramp-up in 2028.

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SRE signs CPPA for 800 MW Taiwanese offshore wind project 

Synera Renewable Energy Group (SRE) has signed a corporate power purchase agreement (CPPA) for its Formosa 6 offshore wind project with Star Trade in Taiwan. The project was awarded 800 MW in Taiwan’s second auction round under the Phase 3 Zonal Development programme in 2024. This project marks SRE’s fourth offshore wind project in Taiwan. Furthermore, the project is expected to generate sufficient clean electricity to supply approximately 860,000 households annually.

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Valencia grants €76 million to BP for hydrogen and sustainable fuel projects 

The Valencian government has granted €76 million under its FEDER programme to support two BP renewable energy initiatives in Castellón. The energy initiatives will span from 2026 to 2029. Out of this funding, €66.3 million will be allocated to Castellón Green Hydrogen phase 2 S.L. for a new renewable hydrogen demonstration facility. Furthermore, the remaining €9.7 million will be used by BP Energy Spain to advance pre-treatment technologies used in sustainable biofuels.

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Shell Energy Philippines and Greenlight Renewables sign solar power agreement 

Shell Energy Philippines, through its subsidiary, San Isidro Solar Power Corporation has entered into a 15-year power supply agreement with Greenlight Renewables Holdings. The agreement includes an additional 120 MWp of clean energy which will be sourced from the second phase of the San Isidro solar project located in Leyte. This marks the second power supply contract signed between the companies.

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Torrent Green commissions 322 MWp decentralised solar projects in India

Torrent Green Energy Private Limited, a wholly owned subsidiary of Torrent Power Limited, has commissioned 322 MWp of ground-mounted decentralised solar projects across Nashik district, Maharashtra, India. The project is developed under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme, and spans 50 locations across 14 talukas of Nashik district. Power generated from the project will be supplied to MSEDCL under a 25-year power purchase agreement.

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Headwater Energy and Meta ink 125 MW solar PPA in US 

Headwater Energy has signed a power purchase agreement (PPA) with Meta for the Orca Falls Solar project. The project has an installed capacity of 125 MW and is located in Navarro County, Texas. Project construction is expected to commence in the third quarter of 2026, with commercial operations targeted for November 2027. The project will connect with the ERCOT grid through Oncor Electric Delivery and is expected to generate over $32 million in local tax revenue.

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Sturdee Energy acquires 200 MW wind project in Zambia

Sturdee Energy has acquired the Masaiti wind project in the Copperbelt region of Zambia. The project has an installed capacity of 200 MW. The project is in its late development stage and will connect to the national grid through a nearby 330 kV ZESCO transmission line. Sturdee Energy is acquiring the project development from Upepo Holdings LLC through its local subsidiary, Upepo Energy Zambia.

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Qualitas Energy to acquire Cero Generation’s 5.8 GW European clean energy platform

Qualitas Energy has signed an agreement to acquire Cero Generation’s European platform from Macquarie Group. Cero Generation, established by Macquarie in 2021, is an independent power producer focused on solar photovoltaic and battery energy storage system (BESS) projects. Cero Generation will continue operating under its existing brand as an independent Qualitas Energy portfolio company.

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Who Is Actually Powering South East Asia’s Buildings

Corporate power purchase agreements, on-site solar, and battery storage are moving from pilot projects to standard practice across the region’s building sector. What has not caught up is uniformity. For most of the past three decades, power procurement across South East Asia ran through a single channel: a state-owned utility signing long-term contracts with independent power producers, mostly for coal and gas. That structure delivered grid buildout at scale, but it left little room for a corporate buyer to simply choose a renewable supplier. The shift now underway, allowing companies to contract more directly with renewable generators, is a genuinely new development, and it is unfolding at different speeds in every market.

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Enhancing Europe’s Grid Stability: Forced oscillation guidance on draft NC RfG 2.0

The ENTSO-E and WindEurope, jointly released the Technical Group on Forced Oscillations Report, to provide technical guidance on the proposed forced oscillation requirements introduced in the draft NC RfG 2.0. Although the report is non-binding, it is intended to form the technical basis for a future implementation guidance document after the EC formally adopts the revised network code. The report primarily focuses on wind power plants, although future requirements will also apply to other inverter-based power park modules, including solar photovoltaic plants and battery energy storage systems. As Europe moves towards an increasingly inverter-based power system, the report provides a practical framework for managing forced oscillations while highlighting the need for continued research and collaboration.

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Great British Energy for UK’s Energy Security: Brief

The brief suggests that to deliver the government’s mission for greater control over energy markets and industry, GBE must meet three conditions: build institutional capacity aligned with its ambition to establish a world-leading energy company by 2026, focus its resources on areas of highest impact in the first two years and demonstrate delivery in key areas to ensure its projects reduce energy bills for communities, build strong supply chains and support local jobs by 2028 and establish financial credibility to be in a strong position to scale its impact by 2030.

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US Electricity Demand Growth: ICF Report

Total U.S. electricity demand will increase 21% by 2030 and 39% by 2035 from 2026 levels. But the real story is regional. Electricity demand is rising in every region of the U.S., but not at the same pace. Regions with the strongest data center activity, industrial expansion, and electrification are expected to see the greatest increases in both total electricity demand and peak demand through 2035.

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Impact of India’s Battery Demand on Imports: Paper

India’s battery electric vehicle (BEV) sales have grown rapidly, with a compound annual growth rate of 62.5% from fiscal year (FY) 2019–20 to FY 2024–25. Yet this growth has not been matched by growth in domestic battery manufacturing and India’s battery cell demand is currently met almost entirely through imports. As BEV adoption accelerates further, battery imports may continue to grow if local battery manufacturing supply chains remain inadequate, even as reliance on imported petrol and diesel declines.

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