Waaree Energy Storage Solution Limited (WESSL), a subsidiary of Waaree Energies Limited, will establish a 16 GWh lithium-ion battery gigafactory. The facility will cover cell manufacturing, battery packs, and large-scale battery energy storage systems (BESS). It will be situated at Rambilli in the Anakapalli district of Andhra Pradesh, India. WESSL will invest Rs 81.75 billion in the gigafactory.
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Gulf Development Public Company Limited (GULF) has secured loan facilities worth approximately $1.9 billion to support the development of 27 renewable projects in Thailand with a total generation capacity of 939 MW. The financing has been arranged through the company’s renewable energy and waste-to-energy subsidiaries. The portfolio comprises 15 solar and solar-plus-storage projects along with 12 waste-to-energy plants.
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A consortium comprising Electric Power Development Co., Ltd. (J-POWER), Aboitiz Renewables, Inc., and Sumitomo Corporation have completed the acquisition of the CBK Hydroelectric power plants in the Philippines following their win in the privatisation bid conducted by the Power Sector Asset and Liabilities Management Corporation (PSALM). The plants have a combined installed capacity of 797 MW.
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The Solar Energy Corporation of India (SECI) has announced the winners of its 1,200 MW interstate transmission system (ISTS) connected wind power projects (Tranche-XIX) auction. In the auction, KP Energy secured a capacity of 100 MW at a tariff of Rs 3.67 per kWh. Furthermore, Waaree Forever Energies, Ganeko Three Energy, and Opera Energy secured 300 MW, 180 MW, and 50 MW, respectively, at a tariff of Rs 3.68 per kWh.
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Octopus Energy Group has announced a joint venture (JV) with PCG Power to trade renewable electricity in China. The JV will operate under the name Bitong Energy and will focus on trading green electricity in China’s spot power markets, where electricity is bought and sold in real time. The JV will begin operations in Guangdong province and will expand to other regions as additional markets open.
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Saudi Arabia and the Republic of Türkiye have entered into an intergovernmental agreement covering renewable energy projects. The agreement was executed by the Ministry of Energy of Saudi Arabia and the Ministry of Energy and Natural Resources of Türkiye. It provides for the development of solar projects in Türkiye with a total installed capacity of up to 5,000 MW, to be implemented in two phases.
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Voltalia has been awarded a 132 MW solar project in the Gabès region of south-east Tunisia by the Tunisian government. Construction of the Wadi solar project is scheduled to begin in 2027, with commissioning planned for 2028. With the addition of the Wadi project, Voltalia’s total solar capacity in Tunisia that is planned to move into the construction phase has reached nearly 400 MW.
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The World Bank Group has approved financing for the 1,125 MW Dorjilung hydropower project located on the Kurichhu river in eastern Bhutan.The approved financing package includes a $150 million grant and a $150 million credit from the International Development Association, a $15 million enclave loan from the International Bank for Reconstruction and Development to the Government of Bhutan.
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Juniper Green Energy Limited (Juniper) has completely commissioned its 100 MWh merchant battery energy storage system (BESS) project in Bikaner, Rajasthan, through its subsidiary, Juniper Green Cosmic Private Limited. Of the total capacity, 60 MWh was commissioned earlier in December 2025. Trial operations have been completed, and approval has been secured from the Northern Regional Load Despatch Centre.
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Masdar, together with Al Khadra Partners, Korea Midland Power Co. Ltd, and OQ Alternative Energy, has achieved financial close for the Ibri III solar independent power project. Financing has been secured from Natixis Corporate and Investment Banking and First Abu Dhabi Bank, covering a substantial portion of the project’s total cost of around $300 million. The project is being developed for Nama Power and Water Procurement.
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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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Israel’s Finance Ministry has announced that a new solar plant integrated with the battery energy storage system (BESS) will be developed at the Ashalim power station in southern Israel. The project is designed to deliver up to 80 MW of electricity to the national grid. It will include solar photovoltaic installations with a total capacity of 150 MW. Additionally, the project will incorporate a 400 MWh BESS.
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Vestas has secured a 390 MW offshore wind turbine supply order for the Shinan-Ui offshore wind project located in Jeollanam Province, South Korea. The project is being developed by a consortium comprising Hanwha Ocean, SK Eternix, Korea Midland Power Co. Ltd., Future Energy Fund, and Hyundai Engineering & Construction. The order covers the delivery of 26 offshore wind turbines, each with a rated capacity of 15.0 MW.
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ACME Solar Holdings has bagged a debt tie-up of Rs 47.2 billion from Indian financial institutions. Out of the total financing, Rs 27.1 billion has been secured from Power Finance Corporation for ACME’s 300 MW firm and dispatchable energy (FDRE) project. Furthermore, Rs 8 billion was secured from the National Bank for Financing Infrastructure Development. The remaining amount of Rs 12.09 billion was secured from Yes Bank.
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SEG Solar has announced plans to develop a 3 GW ingot and wafer manufacturing facility in Batang Regency, Indonesia. The project forms phase I of a broader 5 GW expansion plan for ingot and wafer production. The proposed manufacturing facility is expected to involve an investment of about $80 million, fully funded by SEG. Moreover, production at the plant is scheduled to begin in the third quarter of 2026.
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ACCIONA Energía has entered into an agreement with Mexico Infrastructure Partners for the sale of a 49 per cent stake in its 1.3 GW solar portfolio in US, along with the complete divestment of two wind projects in Mexico with a combined capacity of 321 MW. The transaction has an equity value of approximately €855 million. As part of the agreement, the company will continue to hold a 51 per cent controlling interest in the US solar assets.
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Shizen Energy has reached financial close for a 29.99 MWac utility-scale solar project in Gurun, Kedah, Malaysia under the Corporate Green Power programme. The project company, SM 01 Sdn. Bhd., has entered into a power purchase agreement (PPA) with Google The project is scheduled to commence commercial operations in 2027. The project will provide Google with energy attributes generated from the solar plant.
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Vena Energy has reached the financial close for its Opus solar energy project in the Philippines. The financing involves participation from seven international financial institutions, including BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., Intesa Sanpaolo S.P.A., MUFG Bank Ltd., Standard Chartered Bank Limited, and Sumitomo Mitsui Banking Corporation.
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INTEC Energy Solutions has secured an engineering, procurement, and construction (EPC) contract for the 288 MWp Shafag (Jabrayil) solar project in Azerbaijan. The contract has been awarded by Shafag (Jabrayil) Solar Limited and covers the complete EPC scope. Additionally, the agreement includes operation and maintenance services for the first two years of the project’s operations. The total contract value is $117 million.
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Vena Energy has progressed its Indonesia–Singapore renewable energy project by signing a framework supply agreement with battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) for the project planned in the Riau Islands. Under the agreement, Vena Energy’s Indonesian subsidiary, PT Infrastruktur Terbarukan Sedaya, will procure CATL’s EnerX battery energy storage systems with a capacity of up to 4,000 MWh.
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