DP Energy will be developing the Windy Plains Renewable Energy Park in Queensland. The project will combine around 197 wind turbines with an installed capacity of up to 1,400 MW. It will also be supported by battery energy storage systems of around 500 MW/2000 MWh. Furthermore, the project is currently under the project feasibility stage. Environmental, cultural heritage, and technical assessments of the project are underway.
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Xcel Energy has announced a portfolio of new power projects. The projects will help in meeting the increasing energy demands of the company’s Texas and New Mexico service area. The portfolio consists of extensions of 521 MW of existing generation along with the addition of 17 new power projects. By 2030, the new power projects will add 5,168 MW of nameplate capacity to the region’s generation fleet.
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bp has agreed to sell its US onshore wind business, bp Wind Energy to LS Power. bp Wind Energy, following the close, will be owned and operated as a part of LS Power portfolio company Clearlight Energy, thereby increasing its operating fleet to around 4.3 GW. The deal is anticipated to conclude by the end of 2025. bp Wind Energy has interests in ten operating onshore wind energy assets, operating nine of them.
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Envision Energy and FERA Australia have inked an agreement to develop large-scale hybrid renewable energy projects across Australia’s National Electricity Market (NEM). The projects will have the potential to deliver upto 1 GW of wind generation capacity and 1.5 GWh of battery energy storage. The partnership between Envision Energy and FERA Australia will launch with a pilot project in Victoria
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wpd, in cooperation with GPSS Group, has signed a corporate power purchase agreement (PPA) with Nomura Real Estate Development Company Limited for the Higashi Izu Furusato onshore wind power project in Japan. The project is located in Shizuoka Prefecture, around 120 km southwest of Tokyo, on a coastal mountain ridge. The wind farm will have a capacity of 7.48 MW and scheduled to begin operations in May 2026.
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ACWA Power, in partnership with Badeel and SAPCO, has entered into PPAs with the Saudi Power Procurement Company (SPPC) for the development of seven utility-scale renewable energy projects. These include five solar photovoltaic (PV) plants and two wind power projects, with a cumulative generation capacity of 15 GW. The projects, with an estimated investment of $8.3 billion, are planned to add 12 GW of solar PV and 3 GW of wind energy.
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Ørsted has reached financial close on a project finance package to raise around TWD 90 billion for the Greater Changhua 2 project. It is a 632 MW offshore wind farm and is located about 50 to 60 km off the coast of Changhua. The project consists of Greater Changhua 2a and Greater Changhua 2b. Greater Changhua 2a is operational, whereas Greater Changhua 2b is under construction and is expected to be commissioned towards the end of 2025.
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India’s wind energy sector is gaining momentum, underpinned by strong policy backing, a rising demand for clean energy and an ambition to meet global climate commitments. In 2024-25, the country added 4.1 GW of new wind capacity. As of May 2025, the cumulative installed wind power capacity has reached nearly 50 GW, as per the Ministry of New and Renewable Energy (MNRE). Much of this recent capacity addition has been concentrated in the leading wind-rich states such as Gujarat, Karnataka and Tamil Nadu.
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US President Donald Trump has signed an executive order for the elimination of subsidies for unreliable green energy sources like wind and solar. The move is in furtherance of the One Big Beautiful Bill Act. It directs the Secretary of the Treasury to terminate the clean electricity production and investment tax credits for wind and solar facilities. It also instructs for the implementation of the enhanced Foreign Entity of Concern restrictions.
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Ecopetrol SA (Ecopetrol) has fully acquired the shares of Compañía Wind Autogeneración SAS, which is the owner of the Windpeshi wind project. The project is situated in La Guajira between the municipalities of Uribia and Maicao. It has a capacity of 205 MW for wind energy production. Furthermore, the Windpeshi project will be integrated into the self-consumption portfolio of Ecopetrol Group.
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Deep Wind Offshore’s Admiral Lee offshore wind project has secured its first electricity business license with an installed capacity of 345 MW. The license has been received from Korea’s Electricity Regulatory Commission under the Ministry of Trade, Industry, and Energy (MOTIE). The offshore wind project is being developed based on a partnership between Deep Wind Offshore and Korea Hydro & Nuclear Power.
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Gamuda Bhd (Gamuda) has inked an agreement with the Downie family to co-develop a portfolio of large-scale renewable energy projects in Central Tasmania, Australia. Under the agreement, Gamuda will take an unspecified equity stake in the portfolio. The portfolio has a combined capacity of 600 MW of wind and solar energy and up to 600 MW of battery storage. Reportedly, the project costs have not been disclosed.
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CleanMax and Toyota Tsusho India Private Limited (TTIPL) have entered a long-term partnership to jointly cater to the clean energy needs of Japanese corporations operating in India. The collaboration aims to accelerate the adoption of renewable energy by leveraging CleanMax’s execution experience and TTIPL’s network across industrial corridors. The newly formed entity will develop and operate 300 MW of renewable energy projects by March 2028.
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Offshore wind’s journey began with Denmark’s first offshore wind turbines installed in 1991 off the island of Lolland. Since then it has evolved into a story of remarkable growth. In Europe alone, offshore wind contributes approximately USD 3.2 billion GW installation in gross value added (GVA). A total of 56.3 GW of offshore wind capacity was awarded worldwide last year and Europe led the way, with 23.2 GW awarded in Europe.
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Invenergy and Meta have inked four agreements to supply an additional 791 MW of procured solar and wind energy. The agreements will deliver near-term energy to support Meta’s operations, data center growth, and clean energy goals. The agreements are contracted through four Invenergy developed facilities, which are the 300 MW Yellow Wood Solar Energy Center, 140 MW Pleasant Prairie Solar Energy Center, and 155 MW Decoy Solar Energy Center.
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The analysis reveals that Colombia has strong potential for solar PV (1 604.9 GW) and onshore wind (31.5 GW), with priority zones identified in the northern and southwestern regions. The findings provide insights on maximum development potential to inform national infrastructure planning and contribute to high-level policy frameworks aimed at achieving universal electricity access and mitigating the impact of climate change.
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The Crown Estate has outlined a proposal to invest up to €400 million of capital in the supply chain to boost the UK’s offshore wind sector. The investment will support the construction of new infrastructure, including ports, supply chain manufacturing, research and testing facilities, to enable the deployment of offshore wind across UK. The capital will be made available through two targeted programmes, which are now live.
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Scatec ASA, through its dedicated project company, Shadwan Wind Power SAE, has inked a USD-denominated 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). The agreement is for a 900 MW onshore wind project in Ras Shukeir, Egypt. Furthermore, the signing of the PPA will be followed by wind measurements on the site. The measurements are to be finalised in the first half of 2026.
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This report by KPMG now provides an overview of taxation across the renewable energy sector, which has prompted the change in its title. In many countries, renewable energy production is subject to standard corporate income tax (CIT) rates, which range from 12.5% in Ireland to as high as 35% in Argentina and India. Generally, most countries impose CIT on renewable energy production within the 20% to 30% range. It’s important to note that applicable tax rates vary due to local regulations, so please refer to the relevant country sections for specific details.
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The United States has made substantial energy investment over the past decade as part of a broader effort to establish itself in new value chains and supply international markets. It became a net energy exporter in 2019, a remarkable turnaround from its high previous reliance on imports. Clean energy investment in Latin America has grown by nearly 25% in the past decade, highlighting regional progress despite diverse country contexts and transition pathways. Brazil played a significant role in building momentum behind clean energy investment thanks to the country’s enabling environment for investment in solar PV, wind and bioenergy
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