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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Lydian Energy has secured $689 million in financing for two solar projects, AC Ranch 1 and Yellow Viking, along with the Faraday battery energy storage system (BESS) project. The financing package is backed by CIBC and MUFG. It includes a construction-to-term loan, tax credit bridge loan, co-investment bridge loan, and a letter of credit facility. The projects are part of Lydian’s portfolio backed by Excelsior Energy Capital.
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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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SolarAfrica has achieved financial close of R 1.5 billion for the development of SunCentral 2, a 114 MW solar plant in the Northern Cape. The funding has been arranged through RMB and Investec Bank Limited. The project is scheduled to begin supplying power in 2026. SunCentral 2 follows SunCentral 1, which also has a capacity of 114 MW and reached financial close at the end of 2024.
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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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Zelestra has finalised a syndicated equity-bond facility worth approximately €130 million with Santander, with support from Instituto de Credito Oficial and Compañía Española de Seguros de Crédito a la Exportación. The financing arrangement is structured to align with the company’s Green Financing Framework, and is expected to support around 500 MW of contracted projects located in Italy, Germany, and US.
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The Department for Energy Security and Net Zero of UK has announced the results of a clean energy auction, spanning solar, onshore wind, and tidal projects. Around 4.9 GW of solar capacity was awarded across 157 projects, 1.3 GW of onshore wind from 28 projects, and 20.9 MW of tidal capacity from four projects. The tariffs for onshore wind capacity was £72.24 per MWh, while the tariff for solar projects was £65.23 per MWh.
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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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TotalEnergies has entered into two long-term power purchase agreements (PPAs) to supply 1,000 MW of solar capacity to Google for its data centres in Texas over a 15-year period. The agreements cover renewable electricity generation of approximately 28 TWh during the contract term. Power will be sourced from two solar projects, namely the 805 MWp Wichita project and the 195 MWp Mustang Creek project.
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Renewables are scaling fast because it’s become affordable and quick to deploy. We have already passed tipping points for key technologies, including battery storage, wind, solar, and electric vehicles. But challenges remain in plenty of sectors, like aviation and heavy industries. And energy transitions are never just about economics—they’re political. Some countries are still pouring money into fossil fuels even when renewables are cheaper. But the big difference now is this, at least in the power sector: clean energy is no longer an alternative. It’s the default.
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