A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II (EMIF II), has signed an agreement to acquire Mainstream Renewable Power South Africa. Mainstream Renewable Power was established in 2009. It has a portfolio comprising 148 MW of operating and under-construction assets, 351 MW of construction-ready projects, and an approximately 11.6 GW pipeline of solar, wind, and battery storage projects.
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Acwa Power Philippines has signed a lease agreement with the Bases Conversion and Development Authority (BCDA) to develop a utility-scale solar and battery energy storage system (BESS) project in New Clark City. The project is expected to reach up to 500 MW of solar PV and battery storage capacity upon full development, subject to regulatory approvals and future expansion phases.
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RWE and Meta have signed a long-term power purchase agreement (PPA) for the 298 MWac Rabbit’s Foot Solar project in Bowie County, Texas. The project is currently under construction and is expected to commence commercial operations by the end of 2027. Once operational, the facility will supply clean electricity to support Meta’s commitment to matching its operations with 100 percent renewable energy.
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Masdar has agreed to acquire a 49.99 percent stake in Repsol’s 705 MW renewable energy portfolio in Spain in a deal valuing the assets at €849 million. The portfolio comprises 13 wind farms with a combined capacity of 402 MW and 6 solar parks totaling 303 MW, all of which became operational in 2025 and the first quarter of 2026. It also includes a pipeline of more than 565 MW of potential hybrid projects involving wind, solar and battery storage.
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Developers canceled more than 8 GW of planned clean power projects in the first quarter 2026 alone, including 4.7 GW of solar projects, bringing total cancellations since the start of 2025 to more than 21 GW nationwide. Developers announced 693 GW of clean power projects nationwide, including projects that are operating, planned and under construction. Planned investment in clean power projects is estimated to reach $377 billion through 2031. An additional 222 GW of clean power projects remain planned or under construction nationwide, with solar and battery storage accounting for 85 per cent of that pipeline. Texas continues to lead the nation in clean power development, with nearly twice as many announced clean power projects as California.
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Plenitude has completed and fully commissioned the 330 MW Renopool solar project in Extremadura, Spain, following the start of operations at the second 200 MW block of the facility. The project comprises a 130 MW northern plant and a 200 MW southern plant. Furthermore, the project features approximately 565,000 bifacial modules. Once fully operational, the project is expected to generate around 670 GWh of electricity annually.
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Grenergy has inaugurated the 3.5 GWh Elena battery energy storage system (BESS) project in Chile. The project currently includes 624 battery containers and 6,240 batteries, with plans to expand capacity to 7 GWh by 2028. The project forms part of the Oasis de Atacama platform, which combines 2.5 GW of solar capacity with 14.1 GWh of storage. Across the OASIS platforms, the company’s pipeline totals 5 GW of solar and 22 GWh of storage.
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Novar and Westermeerweg Zon Holding have reached financial close for the 148 MWp Westermeerdijk Solar Park in the Netherlands. The project is situated beneath existing wind turbines and also benefits from grid connection to the Netaansluiting Noordwest Zon substation. The project ownership will be split equally between Novar and Westermeerweg Zon Holding.
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The European Bank for Reconstruction and Development (EBRD) is providing a €175 million loan to Public Power Corporation (PPC) to support renewable energy development across Bulgaria, Greece, and Romania. The financing will help develop approximately 400 MW of new wind and solar capacity across the three countries. The financing is backed by the EU-supported InvestEU.
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Avangrid has completed construction of the 166 MWdc/120 MWac Tower Solar project in Morrow County, Oregon and has connected the facility to the regional electricity grid. Commercial operations for the project are expected to begin in summer 2026. The project features more than 250,000 solar panels assembled by SEG Solar at its Houston manufacturing facility.
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As electricity prices across Pakistan soar, the Punjab government is testing a novel alternative to traditional subsidies: providing free solar panels to nearly 100,000 low-income households. A new evaluation examines the impact of this programme on electricity access and household outcomes, to determine whether distributed renewable energy can ensure affordable energy access while reducing fiscal burdens. Chronic electricity shortages and rising fuel costs have made it difficult for Pakistan to ensure its people have basic electricity access. The country has historically relied on lifeline tariffs to subsidise electricity access for poor households.
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Massachusetts has tremendous solar potential in environmental justice neighborhoods. Activating this resource is key to fulfilling the state’s decarbonization and affordability goals. This is particularly vital as energy costs have become an everyday point of discussion for Massachusetts families, businesses, and policymakers. High prices during one of the coldest winters in years forced too many families to keep their homes at unsafe temperatures. BTM solar and storage are proven technologies that have a lot to offer to the Commonwealth, and in particular, to its most vulnerable populations. Advancing these resources in EJ communities is key for addressing the energy affordability crisis.
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EDF Power Solutions North America has signed a 30-year power purchase agreement (PPA) with the Southern California Public Power Authority for the Utah Solar 1 Energy project in California. The project will deliver power to the Los Angeles Department of Water and Power from a 300 MWac solar facility in Millard County, Utah. Commercial operations for the project are expected to commence in mid-2027.
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From India to Bhutan and Sri Lanka to Nepal, countries in South Asia are making a big push towards their energy transition. Energy developments in the region, however, are unfolding in a geopolitical environment that has heightened concerns around energy security and strengthened the case for renewable energy as a strategic imperative for economic stability and national security. This report brings together perspectives from South Asia on the emerging trends and challenges for a just energy transition. The report highlights several challenges facing South Asia’s energy transition, including complex trilemma with respect to high-cost, high-risk, and massive-scale capital needs, bottlenecks in electricity markets, infrastructure, and governance systems.
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Zelestra has completed the sale of its Latin America platform to Promigas in a transaction valued at approximately $1.1 billion, including project finance debt. The transaction covers Zelestra’s operations in Chile, Peru, and Colombia. The acquired portfolio comprises around 3,500 MW of operational, under construction, or in development renewable energy projects.
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Repsol has achieved commercial operations at its 825 MW Pinnington Solar project in Texas. The project was developed by Repsol, engineered and constructed by Black & Veatch and its Overland Contracting Inc. (OCI) construction subsidiary. The project includes 1.5 million solar panels and is expected to avoid approximately 1 million tonnes of carbon emissions annually.
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Grenergy has entered into a 20-year power purchase agreement (PPA) with Georgia Power in US for the supply of renewable energy and associated renewable attributes under the Clean and Renewable Energy Subscription (CARES) 2023 programme. The agreement covers the entire output from the Beaver Creek hybrid project, which is estimated to generate approximately 400 GWh of energy annually.
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Edify Energy has achieved financial close for the Smoky Creek and Guthrie’s Gap Solar Power Stations located in Central Queensland, Australia. The projects will deliver 720 MWp of combined solar generation capacity along with 600 MW/2,400 MWh of battery energy storage system (BESS). Both projects have also secured long-term support under the Australian Government’s capacity investment scheme (CIS).
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OX2 has commenced construction of the Muswellbrook solar farm and battery project in New South Wales, Australia. The project features 135 MWac of solar capacity and 100 MW of battery energy storage system (BESS). The project has also secured a long-term hybrid power purchase agreement with an international offtaker covering both solar generation and battery storage. Construction for the project is expected to complete in 2028.
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European Energy has commenced construction of a 225.5 MW agrivoltaic project in Sicily, Italy, following a final investment decision of more than €200 million. The project is expected to generate around 405 GWh of electricity annually, sufficient to power more than 135,000 households. European Energy will manage engineering, procurement and construction activities. The project is part of European Energy’s portfolio supported under Italy’s FER X Transitional Contract for Difference auction scheme.
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