Qair has completed financing for the Stor’Sun hybrid project in Mauritius, combining solar and battery energy storage systems (BESS). The total investment amounts to approximately around $150 million.The financing structure includes partnerships with SBM Bank, which supported Stor’Sun I, II, and IV, and MCB, which financed Stor’Sun III. The hybrid project combines 60 MW of solar capacity with 256 MWh of BESS capacity.
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Crédit Agricole CIB and Crédit Agricole Transitions & Énergies, together with other group banks, have co-arranged a structured financing package worth approximately €400 million for GreenYellow. The funding will support the rollout of a large portfolio of solar projects across France. The financing will enable the development of more than 350 solar plants primarily on parking carports, with a combined installed capacity of around 385 MWp.
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The 185.6 MW Forêt Domaniale wind farm has received government authorisation for construction. It will be located across forested areas within the municipalities of Cap-Saint-Ignace, Montmagny, Notre-Dame-du-Rosaire, and Sainte-Apolline-de-Patton in the Montmagny regional county municipality. The development is being undertaken through an equal partnership between EDF solutions électriques and Alliance de l’énergie de l’Est.
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Electricity rates in Maine are under pressure due to a combination of factors, including dependence on fossil fuels for electricity generation, growing storm-related costs, aging infrastructure, and inflationary pressures. The report finds that Maine can mitigate long-term cost and risk exposure by accelerating clean energy development, investing in load flexibility and energy efficiency, and strategically electrifying end uses that currently rely on fossil fuels.
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European biogas and biomethane production has experienced robust growth but remains dependent on policy support. Production increased by 34 per cent between 2015 and 2024, reaching 232 TWh or 22 Bcm, with Europe now accounting for nearly half of all global output. However, biomethane continues to face a persistent cost disadvantage relative to natural gas, with limited evidence of production cost reductions since the 2010s. The EU is unlikely to meet the REPowerEU biomethane ambition, signalling a subtle recalibration of gas decarbonisation expectations.
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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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Hecate Energy Group has completed the sale of its up to 2,000 MW Cereza solar and storage project to Savion. The project is located at the US Department of Energy’s Hanford Site in southeastern Washington and was originally secured by Hecate in 2024. Under the agreement, Savion will take the lead on project development, with continued support from Hecate.
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The Egyptian Cabinet approved the implementation of four renewable energy projects by Kemet Industries Group, the executive arm of United Egypt Group for National Industries The approved portfolio comprises two solar plants in Bahariya Oasis with capacities of 320 MW and 400 MW. It also includes a 2,000 MWh standalone battery energy storage system in Nagaa Hammadi and a 2,000 MW solar plant in the same location.
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Equinix has entered into a 15-year virtual power purchase agreement (VPPA) with ENEOS Renewable Energy Corporation to source renewable electricity from the Sanda Mega solar power plant in Japan. The project is located in Hyogo Prefecture, with the agreement covering 121 MW of solar capacity. The solar project is expected to support the company’s target of powering its data centres in Japan with 100 per cent renewable energy.
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The UK and California have signed a new Memorandum of Understanding (MoU) to expand cooperation on clean energy, climate, and environmental initiatives. The agreement builds on longstanding collaboration between the two regions and establishes a refreshed framework to promote innovation, scale clean energy technologies, and strengthen links between businesses and research institutions.
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Eiffage, through its subsidiary Eiffage Energía Sistemas, has been awarded two infrastructure contracts in Spain by Capital Energy for onshore wind projects in the Castile and León region. The combined value of the contracts is over €80 million. The projects involve developing electrical infrastructure for wind farms with a total installed capacity of 270 MW. The projects are scheduled to be completed in 2027.
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Lyra Energy has signed power purchase agreements (PPAs) with three unnamed commercial and industrial customers for a significant share of the power generated from the Thakadu solar project in South Africa. The 255 MW project will be developed in two phases, with financial close and construction of the first phase expected in the first quarter of 2026. The second phase of the project is scheduled within 2026 as well
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AES Indiana, a subsidiary of AES Corporation, has commissioned the Petersburg Energy Center in Pike county. The Petersburg Energy Center includes 250 MW of solar capacity installed through over 515,000 solar panels, along with 180 MWh of battery energy storage system (BESS). The project will generate enough renewable electricity to power more than 100,000 homes.
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The Federal Network Agency has announced the results of the auction that closed on December 1, 2025, for ground-mounted solar projects and solar projects on structures that are neither buildings nor noise barriers. The auction was oversubscribed, with 634 bids submitted for a total capacity of 5,247 MW against a tendered volume of 2,328 MW. Out of these, 262 bids amounting to 2,341 MW were awarded.
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BELECTRIC, a member of Elevion Group, has secured agreements in UK to develop four solar projects for Severn Trent Green Power.. BELECTRIC will execute the engineering, procurement, and construction (EPC) of these utility-scale solar farms. The contracts cover a combined installed capacity of nearly 210 MWp Elevion Group, through BELECTRIC, will act as the delivery partner for the projects.
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The power sector in Southeast Asia is central to the region’s economic development and decarbonization pathway. Accounting for 65 percent of the emissions reductions needed to meet national commitments, the sector presents both substantial transition risks and major investment opportunities. Yet, clean-energy investment in SEA remains insufficient to align with national and global climate goals. This report provides a technical reference to support financial institutions in conducting robust transition assessments of power sector companies in SEA.
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Global electricity demand is forecast to increase at a brisk average annual rate of 3.6% over the 2026-2030 forecast period, supported by rising consumption from industry, electric vehicles, air conditioning and data centres. Half of the world’s electricity is forecast to come from renewables and nuclear by 2030. Although coal generation is set to lose ground globally, it remains the single largest source of electricity in 2030. The Age of Electricity requires a fast and efficient expansion of grids and system flexibility.
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Greenbacker Renewable Energy Company LLC has completed a $440 million tax equity commitment from US Bank and M&T Bank for the 674 MWdc, or 500 MWac, Cider solar project located in Genesee county, New York. The financing represents the final funding component required to fully capitalise the project to bring it online, and will support the utilisation of investment tax credits.
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Alight has acquired two large-scale solar projects in eastern Finland from Finnish developer 3Flash, adding more than 200 MW of planned solar capacity along with an associated battery energy storage system (BESS). The two projects have planned capacities of approximately 75 MW and 150 MW. Alight and 3Flash will jointly advance the projects until they achieve ready-to-build status.
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TAQA Morocco and Moeve have signed a preliminary land reservation agreement with the Government of the Kingdom of Morocco under the country’s Green Hydrogen Offer. The two companies were selected in 2025 as a consortium to develop a large-scale project focused on producing green ammonia and industrial fuel in the southern regions of Morocco. The agreement signing will enable the commencement of feasibility studies.
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