Energy Vault has acquired over 2.3 GW portfolio of 15 battery energy storage system (BESS) development projects from Goshe Energy Storage in US. The portfolio is anchored by two ready-to-build projects of 150 MW and 200 MW, totalling 350 MW. The projects are expected to commence operations in the first quarter of 2028. Furthermore, the projects are expected to generate approximately $30 million in combined annual run-rate EBITDA.
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NorthStar Clean Energy has completed the Hart Solar Project in Oceana County, Michigan. The project, with an installed capacity of 120 MW, is expected to generate over 200 GWh of electricity annually. The project will generate enough electricity to supply around 21,000 homes while offsetting 96,000 metric tonnes of carbon emissions annually. Furthermore, the project will supply clean energy through long-term power purchase agreements with Executive Energy Services and the Michigan Public Power Agency (MPPA). Project inauguration is scheduled in October 2026.
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Taaleri Energia, through its SolarWind III Fund and KJK Fund III, has invested in the Raudsepa battery energy storage system (BESS) located in Estonia. The project has an installed capacity of 192 MW/420 MWh. The project construction will commence in September 2026 and will reach full operation by November 2027. Furthermore, the project, developed by Evecon and Corsica Sole, will feature LG Energy Solution batteries and Power Electronics inverters.
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Solar and wind have become the cheapest sources of new electricity generation worldwide. As renewable penetration rises, however, the central challenge of the energy transition is increasingly one of adequacy and flexibility – ensuring that clean electricity is available when and where it is needed. This webinar presented findings from IRENA’s report, 24/7 Renewables: The Economics of Firm Solar and Wind, which introduces the firm leveled cost of electricity (firm LCOE): a project-level benchmark that adds battery storage, generation overbuild and complementary renewables to the conventional LCOE.
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Stonepeak has announced an equity investment in AMPYR Distributed Energy (ADE). ADE, launched with AGP in 2024, develops, owns and operates onsite renewable energy infrastructure for commercial and industrial customers across the UK and Europe. AGP will retain an interest in ADE following the transaction. Furthermore, ADE has a pipeline of over 1 GW and has contracted 250 MW renewable energy projects across 200 sites till date.
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GridStor has closed a $220 million financing agreement for the development of the White Tank battery energy storage system (BESS) in Maricopa County, Arizona. The project has an installed capacity of 100 MW/400 MWh. The project financing comprises tax equity bridge, construction and term debt with participation from ING Capital, KeyBank and Zions Capital Markets. Furthermore, the project will operate under a 20-year tolling agreement with Arizona Public Service and is expected to be commissioned in the first half of 2027.
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Germany’s Federal Network Agency has announced the results of its August 2026 onshore wind auction. A total of 461 bids totalling 5,250 MW were submitted while the auction offered 2,520 MW, making the auction significantly oversubscribed. A total of 237 bids, totalling 2,523 MW were awarded, while 17 bids were excluded. Furthermore, the successful bids ranged from 4.49-4.98 cents per kWh, with the average weighted award price falling to 4.79 cents per kWh, down from the previous auction round, which had an average weighted award price of 5.06 cents per kWh.
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In November 2025, RMI published a report making the case that off-site demand flexibility, energy efficiency, and distributed generation can help meet rapidly growing data center electricity demand while lowering costs, improving reliability, and reducing the need for new fossil generation. The report outlined how data centers and other large electricity customers could help finance and scale distributed capacity. Since the report’s publication, new laws, commission decisions, and utility proposals have begun creating pathways for large customers to fund distributed capacity, for utilities to evaluate it as a grid resource, and for that capacity to deliver tangible benefits to participating customers. The design of these pathways will shape the types of transactions that are possible, the willingness and ability of data centers to pay for distributed capacity, and the potential scale of future investments.
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India’s EV market has gained significant momentum. According to the Indian government’s vehicle registration data, cumulative EV sales have now reached 10.21 million among more than 449 million vehicles on Indian roads, and the share of EVs in new vehicle sales rose to 8.25 percent in fiscal year ending March 2026, up from 7.48 percent the year before. This growth reflects deliberate policy support: Schemes such as the PM E-DRIVE, the Production-Linked Incentive (PLI) for automobile manufacturing, and the PLI for Advanced Chemistry Cell (PLI-ACC) battery storage have lowered costs and de-risked investment for both manufacturers and buyers. Other countries pursuing their own EV transitions can draw on the same policy tools.
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Europe’s climate transition is unfolding in places most people know intimately: the apartment blocks where families start their mornings, the schools and offices that shape daily routines, the streets where old buildings tell the story of generations. These spaces also represent one of Europe’s biggest climate challenges. Buildings account for around 40% of the EU’s energy consumption and more than a third of energy-related greenhouse gas emissions, making the built environment one of the most important frontiers in the race towards climate neutrality. Across Europe, cities are beginning to move beyond individual buildings and looking at the entire system around them. Through NetZeroCities, municipalities are testing new ways to renovate neighbourhoods, rethink construction, redesign energy systems and create models that others can adapt.
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The African Development Bank Group (AfDB) will provide $20 million in reimbursable grants to support four green hydrogen and derivatives projects located across Egypt, Morocco, Namibia and South Africa. The funding, subject to Board approval, will be provided through the Sustainable Energy Fund for Africa (SEFA). The projects cover sustainable marine and aviation fuels in Egypt, Morocco and Namibia, and low-carbon iron in South Africa.
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Ashmore Colombia, a subsidiary of Ashmore Group, and its shareholder Patria Investments have agreed to sell 100 per cent stake in the Parque Solar Puerta de Oro project to ISAGEN. The project, located in Guaduas, Cundinamarca, is spread across 530 hectares and has an installed capacity of 360 MWp (300 MWac). The project comprises approximately 511,000 solar modules.
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Actis has launched Yeltica Energy, a greenfield renewable energy platform in Mexico. The platform targets more than 2 GW of solar, wind and battery energy storage system (BESS) capacity. The platform is anchored by three solar-plus-storage projects awarded under Mexico’s first Mixed Investment Tender by the Comisión Federal de Electricidad (CFE). These projects together comprise approximately 330 MWp of solar photovoltaic and 255 MWh of BESS.
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Mauritania’s Ministry of Energy and Petroleum and CWP Global have signed an agreement for the development of the AMAN green hydrogen project. The agreement establishes the long-term contractual, fiscal, economic and development framework for the project’s next phases. The project targets annual production of 1.2 million tonnes of green hydrogen and 6.6 million tonnes of green ammonia.
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RWE has signed a virtual power purchase agreement (VPPA) with Oracle for 433 MW of electricity from its Panther Creek I, II and III wind farms in West Texas. The projects, located across Sterling, Howard and Glasscock counties, form part of Oracle’s broader portfolio of over 1.7 GW of power investments in Texas. Furthermore, Panther Creek I and II projects were repowered in 2019, while Panther Creek III wind farm was repowered in 2021.
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EDF Power Solutions North America has achieved financial close on the Utah Solar 1 project in Millard County, Utah. The project has an installed capacity of 394 MWdc/300 MWac and is expected to enter full construction, with power delivery expected to commence in mid-2027. The project, backed by a 30-year power purchase agreement with the Southern California Public Power Authority, is expected to generate approximately 766,000 MWh of electricity annually.
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The Oregon Energy Security Plan Report 2026 published by the Oregon Department of Energy presents an overview of the state’s energy infrastructure, quantifies the threats and hazards that could cause energy insecurity, and proposes measures that the state and its partners can implement to reduce risk. The energy sector — including electricity, liquid fuels, and natural gas — is vital to the health, well-being, safety, economy, and way of life for Oregonians. Nearly all commerce and critical activities in the state rely on power and liquid fuels to operate and function.
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Small islands continue to face profound energy-related vulnerabilities. Their electricity systems are typically isolated, diesel-dependent, and exposed to highly volatile international fuel markets. This dependency results in elevated electricity costs, recurring supply risks, and significant carbon emissions. At the same time, islands are disproportionately affected by climate impacts such as storms, sea-level rise, and saltwater intrusion, making the transition to resilient renewable electricity systems both an economic and environmental imperative.
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Total energy subsidies in the EU in 2024 were worth EUR 340 billion, a slight decrease (-5%) compared to 2023 (EUR 360 billion) and significantly lower (-25%) than 2022, at the height of the crisis (EUR 457 billion). However, they remained considerably above the historical average (EUR 190 billion in 2015-2019). The share of non-targeted energy subsidies, benefiting the use of all energy carriers across all end-users in a cross-sectoral way, remained high at almost half of all energy subsidies (48%) and more than twice the historic average (21% in 2015-2019).
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Covenergo and Delta Capacity have collaborated to deliver the standalone AKKU One battery energy storage system (BESS) project in Lapinlahti, Finland. The project has an installed capacity of 125 MW/300 MWh. The project is expected to be commissioned by the fourth quarter of 2027, with project construction under way. The project was acquired as a ready-to-build asset from Helios Nordic Energy with Covenergo holding the majority stake in the project.
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