Tokyo Century Corporation has established a joint venture (JV) company with Downing LLP to invest in and develop solar projects in the United Kingdom. The JV will cover the full project lifecycle, including construction, ownership, and operations. The JV aims to develop a solar portfolio with a cumulative capacity of around 500 MW across approximately 10 sites by 2028.
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EDP has brought into operation a hybrid renewable energy project in central Portugal that combines onshore solar generation with hydropower. This 89 MW project, called the Pracana complex, is located across the municipalities of Mação and Proença-a-Nova, in the districts of Santarém and Castelo Branco. The project integrates a 48 MW solar plant with the existing 41 MW Pracana hydropower facility on the Ocreza river.
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Lightsource bp and Toyota Motor North America have concluded a 15-year virtual power purchase agreement (VPPA) linked to electricity from the 231 MW Jones City 2 solar project in Texas, US. The project forms part of the larger Jones City energy center and entered the construction phase in spring 2025. The Jones City energy center has a cumulative capacity of 700 MW.
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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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Nextpower and Abunayyan Holding have completed the incorporation of their joint venture (JV), Nextpower Arabia, headquartered in Riyadh, Saudi Arabia. The JV has been established to support the deployment of utility-scale solar projects across the Middle East and North Africa region. Additionally, the partners have announced a new advanced manufacturing facility in Jeddah that will be operational in the second quarter of 2026.
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Scatec ASA has entered into a long-term power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for the development of a solar-plus-storage project in Egypt. The agreement covers 1.95 GW of solar generation capacity and 3.9 GWh of battery storage. As per this arrangement, Scatec will develop one integrated solar and battery storage hybrid project, alongside two standalone battery energy storage systems.
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Treaty Oak Clean Energy has closed financing and begun construction on two solar projects in Louisiana, together adding 385 MW of renewable capacity. The projects include the Beekman solar project in Morehouse Parish and the Hollis Creek solar project in Sabine Parish. The electricity generated from both projects will be supplied to Meta Platforms through long-term offtake arrangements.
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Masdar has entered into a power purchase agreement (PPA) for a 150 MW solar project in Angola. The agreement secures long-term electricity offtake for the Quipungo solar project, which is located in Huila province in southern Angola. The PPA was signed with the Rede Nacional de Transporte de Electricidade (RNT-EP), the state owned electricity-transmission company.
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After a period of unprecedented growth, the EU solar market is poised to take a small step back in 2025. The bloc is set to install 65.1 GW of new solar PV capacity, marking the first annual decrease in market size in a decade. Following years of extraordinary expansion, +38% in 2021, +48% in 2022, and +51% in 2023, growth had already slowed sharply in 2024, when installations rose only 2.8% to 65.6 GW. In 2025, the market is expected to shrink by 0.7%, confirming that the EU solar boom is under pressure. Several factors underpin this slowdown.
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EDP, S.A., through its subsidiary EDP Renováveis, S.A. (EDPR), has secured a 30-year power purchase agreement (PPA) with Consumers Energy Company for electricity generated from a 150 MWac, or 209 MWdc, solar project in Clark County, Illinois, US. Completion of the transaction remains subject to regulatory clearance from the Michigan Public Service Commission. The solar project is scheduled to commence operations in 2027.
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Global floating solar capacity is projected to expand rapidly over the next decade, reaching around 77 GW of installed capacity by 2033, with the Asia-Pacific region expected to lead this growth. This expansion reflects falling generation costs, currently between USD 0.05 and 0.07 per kWh, and continued design innovations that are making floating solar a viable alternative to land-based systems. The Global Floating Solar Framework consolidates global experience and presents it in a form that is practical, actionable, and adaptable.
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The Ariguaní Solar Park, planned with a capacity of 200 MW, has received environmental approval from Colombia’s National Environmental Licensing Authority (ANLA), enabling the project to move forward under the applicable regulatory framework. The project is being developed by Xuenergy FV SAS. It is located in the Los Cerrajones district of the municipality of Chiriguaná in the Cesar department.
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PowerBank Corporation has entered into a loan agreement with NY Green Bank for a revolving credit facility with an initial principal amount of up to $8 million. The financing will be used to fund interconnection deposits required by utilities to complete the grid interconnection process for solar and battery storage projects in the state of New York. These deposits are refundable if a project does not reach commercial operation.
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Voltalia has commenced construction of the Artemisya hybrid energy cluster in Uzbekistan, covering battery storage and the first phase of wind capacity. The initial phase includes a 100 MW/200 MWh battery energy storage system project and a 100 MW wind project. The entire Artemisya cluster is planned to comprise 126 MW of solar capacity, 300 MW of wind capacity, and 100 MW/200 MWh of battery storage.
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EDP Renováveis, S.A. (EDPR) has completed an asset rotation transaction involving the sale of a 100 per cent equity stake in a 190 MWac, or 229 MWdc solar portfolio in Spain. The solar portfolio was sold to Prosolia Energy for an estimated enterprise value of about €0.16 billion. It comprises five operational solar power plants located across the regions of Andalucía and Castilla y León.
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The Ministry of Mines and Energy of the Brazilian government has announced that the Novo Oriente photovoltaic complex, located in Ilha Solteira, São Paulo, Brazil, has entered full commercial operation. This milestone was achieved following the commissioning of its final plant in December 2025. With this commissioning, the entire solar park now operates at its complete installed capacity of 254.5 MW.
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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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European Energy has completed grid connection of the Glejbjerg solar park in Denmark, bringing 148.2 MW of utility-scale solar capacity into full operation. The project reached commercial operation at the end of 2025 after final technical checks were concluded. Construction of the solar park was completed over a period of about one year. The Glejbjerg solar park consists of 238,368 solar modules.
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Masdar has signed a power purchase agreement (PPA) to develop a 200 MW floating solar project at the Chereh dam in Pahang state, Malaysia. The project will be implemented by a consortium led by Masdar, along with Citaglobal and Tiza Global, and the agreement has been executed with Tenaga Nasional Berhad, Malaysia’s national utility company. The project was awarded under Malaysia’s Large Scale Solar Cycle 5+ programme.
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Competitive Power Ventures (CPV), through its affiliate CPV Renewable Power, has commenced commercial operations at the CPV Backbone Solar project in Garrett County, Maryland. The 160 MW solar project has been developed in partnership with Harrison Street Asset Management and is located on reclaimed land from a decommissioned coal mine. Additionally, the project secured its third round of tax equity financing with US Bank.
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