The International Finance Corporation (IFC), part of the World Bank Group, has committed $25 million in equity to Seraya Partners Fund II, a private equity infrastructure fund managed by Seraya Partners. The fund is aimed at addressing infrastructure gaps across emerging markets in Southeast Asia. Key target markets include Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.
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To ensure the secure supply of critical raw materials, the EU aims to diversify imports, increase domestic production, and manage resources more sustainably, but finds it difficult to overcome challenges in reaching these objectives. While the Critical Raw Materials Act sets a strategic course, its targets lack justification and underlying data is not robust. Efforts to diversify imports have yet to produce tangible results and bottlenecks hamper progress in domestic production and recycling. While strategic projects can benefit from faster permitting and more visibility, many projects will struggle to secure supply for the EU by 2030.
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The deployment of renewable energy in the MENA region is accelerating at an unprecedented pace, driven by the competitiveness of solar and wind technologies. The region’s operational capacity has surged to 43.7 GW, with 34.5 GW coming from solar PV and 7.4 GW from wind. From a base of approximately 25 GWh in 2025, the region’s operational storage capacity is projected to expand six-fold by 2030, reaching over 156 GWh. A key driver is the fact that national grids are being prepared for large % of renewable energy over the coming years.
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Bioenergy is particularly important for India’s rapidly growing energy market. It can strengthen energy security, reduce reliance on imported fossil fuels, create economic development and employment opportunities – especially in rural communities – and contribute to lowering greenhouse gas emissions. India’s ethanol industry has emerged as one of the country’s most successful policy-driven energy stories. This report examines the current supply and demand of liquid and gaseous biofuels in India and their forecasted growth to 2030.
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Zambia’s Ministry of Energy has entered into an implementation agreement with Goldenray Energy Limited for the development of a 118 MWp solar project in Sinazongwe district in the Southern Province in Zambia. The proposed solar project is scheduled to begin supplying electricity by early 2027. The development is expected to support ongoing initiatives aimed at strengthening the country’s renewable energy portfolio.
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Scatec ASA has achieved financial close for the 130 MW Barzalosa solar project in Colombia and has commenced construction. The project has executed a 15-year power purchase agreement with BTG Pactual Comercializadora de Energía. Scatec ASA holds a 65 per cent equity stake in the project, with Norfund providing the remaining equity participation.
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Power2X has acquired HyCC, a Netherlands-based developer of large-scale green hydrogen projects, to strengthen its position in clean molecule development and industrial decarbonisation. HyCC brings a portfolio of hydrogen and clean molecule projects across key industrial hubs in the Netherlands and Germany, including Amsterdam, Delfzijl, and Rotterdam.
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A partnership comprising Seawind Asia AG, Stream Invest Holdings AG, and Triconti ECC Renewables has secured first grid connection agreements for offshore wind projects totalling 1,650 MW in the Philippines. The agreements were granted by the National Grid Corporation of the Philippines and cover three projects: the 450 MW Frontera Bay project and the 600 MW Guimaras Strait and 600 MW Guimaras Strait II projects.
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OX2 has taken a final investment decision to develop energy storage projects with a combined capacity of 235 MW/470 MWh, in Finland. The projects will be co-located with the Kannisto and Korkeamaa wind power projects, both of which reached investment decisions in December 2025. Construction is scheduled to begin immediately, with commissioning expected in 2028.
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Brazil’s Ministry of Mines and Energy has announced that nine plants at the Draco solar complex have commenced commercial operations. Located in Arinos, Minas Gerais, the project forms part of the New Growth Acceleration Programme (Novo PAC) of the Brazilian government. The complex represents an investment of over R$ 2.4 billion and is designed to supply electricity to more than 500,000 homes.
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Acwa has signed an investment agreement with the Ministry of Energy and Natural Resources of the Republic of Türkiye under the 5 GW intergovernmental renewable energy programme. Under the agreement, Acwa will be responsible for developing, financing, constructing, commissioning, and operating the projects. The agreements cover the development of five renewable energy projects with a combined capacity of 5 GW.
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Alpiq has acquired the Navaleo hydro pumped storage project (PSP) in Castilla y León, Spain. The project was developed by Erbienergía and is currently at an advanced stage, with commercial operations planned for the early 2030s. The project is expected to provide 535 MW of flexible capacity to the Spanish grid, supporting system stability and enabling higher renewable energy integration.
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Origis Energy has announced the commissioning and commencement of operations of three Swift Air Solar plants in Texas. The projects were executed in three phases, with the final phase delivered in late 2025. The projects are located in Ector County and have a combined capacity of 500 MWdc. Origis undertook the planning, development, and construction of the solar plants.
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RWE has entered into an agreement with Vestas for the supply of offshore wind turbines for the Vanguard West project in UK. Under the agreement, Vestas will supply, deliver, and commission 92 of V236-15.0 MW offshore turbines. The contract follows the project securing a Contract for Difference in Allocation Round 7 and the establishment of a partnership between RWE and KKR to jointly develop the Vanguard projects.
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Lightsource bp has announced the sale of its Australian solar portfolio to Aula Energy. The transaction covers five operational solar projects with a combined capacity of 1,037 MWdc. The assets included in the portfolio are the Wellington, Wellington North, West Wyalong, Woolooga, and Wunghnu projects. The projects are located across New South Wales, Queensland, and Victoria.
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Enel S.p.A., through its subsidiaries Enel Green Power North America and EGPNA Project Holdco 2, has signed agreements with Excelsior Energy Capital to acquire a 830 MW renewable energy portfolio in US. The portfolio comprises wind and solar plants with an average annual output of 2.1 TWh. The transaction is expected to close in the third quarter of 2026, subject to certain conditions precedent, including regulatory approvals.
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India’s floating solar segment is at a transition point. Having demonstrated technical feasibility through a limited number of large projects, it must now shift decisively towards more scalable deployment. The pace of deployment needs to pick up too. Achieving even 10 per cent of the 100 GW potential by 2030 would require annual additions of roughly 2 GW, a sharp increase from the current levels. Going forward, the real test for floating solar will not be how many projects are announced, but how quickly these can move from site identification to commissioning, under a standardised and reliable national framework.
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Costa Rica’s electricity sector is undergoing a grid-centric transformation driven by the need for deeper renewable energy integration, enhancing grid stability against climate variability, and supporting rapid electrification of transport and industry. To expand and modernise the national grid to support integration of new generation and handle the new demand pressures, ICE has earmarked USD1 billion between 2025 and 2034 under its latest transmission plan, Plan de Expansion de la Transmision (PET) or Transmission Expansion Plan 2024-34.
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As California’s solar industry flourished, California’s wind industry has languished. California’s goal of adding 5.2-10.3 GW of new wind by 2030 and 22.5-25.5 GW of new wind by 2045 will be difficult to attain at the rate things are going. The first step will be to get early development activity going again both for in-state and out-of-state wind projects beyond the current pipeline. To do that, the state may need to identify and reduce barriers to in-state wind development and initiate the process to build more transmission lines that enable both in-state and out-of-state wind projects.
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In 2025, battery storage deployment reached a new record high of 27.1 GWh, a 45% increase compared to 2024. This marks a significant acceleration after growth slowed to 23% in 2024 as a result of fundamental shifts in market and policy dynamics. As anticipated, several challenges persisted in 2025, enabling higher annual growth rates but still below 2023 levels of 73%, alongside a completely different market composition. These rapid shifts show how quickly policy and market conditions can influence battery installation levels. In 2025, Germany and Italy kept their top positions as leading BESS markets.
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