Arevon Energy has made construction progress on the Cormorant battery energy storage system (BESS) project in Daly City, California. The project has an installed capacity of 250 MW/1,000 MWh and is expected to commence operations in 2027. The project will use lithium iron phosphate battery technology and can supply power to 321,000 homes for up to a four hour duration.
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Stargate Hydrogen has signed a €20.6 million EU Innovation Fund grant agreement to expand its green hydrogen electrolyser manufacturing facility in Tallinn, Estonia. The facility will produce alkaline electrolyser electrodes, pressurised alkaline stacks and electrolyser systems with annual capacities of 250 MW, 150 MW and 66 MW, respectively. The facility is expected to avoid around 3 million tonnes of carbon emissions over its first 10 years of operation.
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Econergy has acquired Escofi, a French wind energy platform for €134.3 million. The platform has a portfolio of 740 MW, including 128 MW operational, 34 MW under construction, 147 MW in advanced development and 432 MW in early and mid-stage development, with the projects concentrated in France’s Hauts-de-France and Grand Est regions. Escofi has an effective project ownership of approximately 91 per cent.
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Generate Capital has closed a term debt facility of $117 million with MUFG to finance its Community Solar Fund 11. The fund comprises 18 community solar projects totalling 114 MWdc across Illinois and New York. The transaction follows the company securing approximately $1.4 billion in financing commitments during the first half of 2026, including financing for a 104 MW community solar portfolio with Monarch Private Capital and a $61 million senior secured US private placement.
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Central Queensland Power (CQP) has received approval for the Moah Creek wind project from the Australian Government under the Environment Protection and Biodiversity Conservation (EPBC) Act 1999. The project, located about 30 km west of Rockhampton, will comprise up to 60 wind turbines with a capacity of 360 MW. The project will also provide more than $33 million in community benefits over its operating life.
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Increasing solar and wind generation from 17% to more than 57% by 2030 requires a rapid pace of change. The growth rates of leading countries are a good indicator of what the top speed for global growth can feasibly be. No country has ever grown solar and wind over a five-year period at an average annual rate faster than the rate the world now needs to reach that 2030 target. However, countries like Uruguay, Namibia, the Netherlands and Denmark have come very close, achieving about three-quarters of the annual global growth rate required from 2025 to 2030. Other countries like Lithuania, Chile and Jordan have also expanded solar and wind generation at remarkable rates, growing multiple times faster than the historical global average.
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Georgia Power has received approval from the Georgia Public Service Commission (PSC) for 1,137 MW of new solar power purchase agreements (PPAs) under the Clean and Renewable Energy Subscription (CARES) 2023 and CARES 2025 request for proposals (RFP) programmes. The CARES programme enables eligible customers to purchase subscriptions linked to their pro-rata share of renewable energy production.
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SDG Namibia One has signed a development funding agreement with Enersense Energy Namibia, to advance the development of the Dâures green fertiliser project in Namibia’s Erongo region. The project will use renewable power and green hydrogen to produce up to 20,000 tonnes of green ammonia annually and up to 80,000 tonnes of ammonium sulphate fertiliser annually.
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The US solar industry installed 11.4 gigawatts direct current (GWdc) of capacity in Q2 2026, a 45% increase from Q2 2025 and a 43% increase compared with Q1 2026. After a seasonally weak Q1, installations rebounded sharply, driven almost entirely by utility-scale volumes. The residential segment installed 995 MWdc of solar capacity, declining 12% year-over-year and 10% quarter-over-quarter. The commercial segment installed 638 MWdc, increasing 11% year-over-year and 27% quarter-over-quarter. The community solar segment installed 231 MWdc, declining 14% year-over-year and 8% quarter-over-quarter. The utility-scale segment installed 9.6 GWdc, increasing 61% year-over-year and 56% quarter-over-quarter. The quarter’s strength was concentrated in utility-scale solar as developers built out safe-harbored pipelines ahead of tax credit deadlines.
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SunAsia Energy has partnered with Gunkul Engineering Public Company Limited to develop a floating solar project on Laguna Lake in the Philippines. The project will have an installed capacity of about 1 GW and represents an investment of more than $1 billion. The project is expected to commence commercial operations by the end of 2027. Furthermore, the project forms part of SunAsia’s broader Laguna Lake floating solar development, which has secured 10 solar energy operating contracts from the Department of Energy.
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Malaysia has embarked on an ambitious transition to reshape its electricity sector by gradually phasing out coal-fired power generation while significantly expanding renewable energy. Under the National Energy Transition Roadmap (NETR), the country has committed to ending coal-based power generation by 2044, supported by a policy of not approving new coal-fired power plants and reducing coal generation by 50 per cent by 2035. In parallel, renewable energy is targeted to account for 70 per cent of installed capacity by 2050. These objectives are driven by the need to reduce carbon emissions, improve energy security, lower dependence on imported fuels and support long-term economic growth. However, replacing coal while maintaining reliable and affordable electricity supply remains one of the country’s most significant policy and technical challenges.
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The clean energy transition cannot scale fast enough without the women who power it as decision-makers, project managers, engineers, entrepreneurs, and advocates. As the transition accelerates to close the energy access gap in Africa, building inclusive leadership pipelines and governance is required to support project implementation and success. Women’s leadership is a force multiplier for the energy transition. The Energy Transition Academy (ETA) at RMI empowers women leaders, strengthens their networks, and supports them in advancing clean energy projects and inclusive organizational practices.
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Vattenfall has taken the final investment decision (FID) to build a standalone battery energy storage system (BESS) project at the former Brunsbüttel nuclear power plant site in Germany. The project will have an installed capacity of 254 MW/1,000 MWh and will be connected to the 50Hertz 380 kV transmission grid. The project, expected to be operational by the end of 2028, will nearly double Vattenfall’s BESS capacity.
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Enel has completed the acquisition of a solar portfolio from Excelsior Energy Capital for approximately $760 million in US. The projects have a combined installed capacity of 810 MW and are expected to generate around 1.6 TWh of electricity annually. The acquisition, funded through Enel’s operating cash flows, is expected to increase its ordinary EBITDA by approximately $90 million annually.
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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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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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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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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 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 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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