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Solar becomes top electricity source in EU in Q2 2025
Solar energy became the leading source of electricity generation in the European Union (EU) during the second quarter of 2025. Renewable sources produced 54% of the EU’s net electricity, up from 52.7% in the same period of 2024, according to EU data. Solar power contributed 122,317 gigawatt hours (GWh), representing 19.9% of total electricity generation….
Fidra Energy receives approval for 1.4GW battery storage project in UK
Fidra Energy, a European battery energy storage system (BESS) platform owned by EIG, has received planning consent to develop a 1.4GW battery storage project at Thorpe Marsh, Yorkshire. This will become the UK’s largest battery storage facility, capable of powering up to 800,000 homes during peak demand. The project was approved by Doncaster Council on…
NorthWestern acquires 10% stake in North Plains Connector HVDC project
NorthWestern Energy has entered into a memorandum of understanding (MoU) with Grid United’s North Plains Connector to acquire a 10% stake in the 3GW HVDC transmission line project. The 420-mile (676 km) transmission line will link Bismarck, North Dakota, and Colstrip, Montana. Grid United will fund the development of the North Plains Connector, with NorthWestern…
JSERC proposes market-linked intra-state DSM framework for Jharkhand
The Jharkhand State Electricity Regulatory Commission (JSERC) has released draft regulations proposing a new market-linked framework for settlement of deviations in generation, drawal and injection within the state’s power system, replacing the existing intra-state Deviation Settlement Mechanism (DSM). Issued as the draft JSERC (Intra-State Deviation Settlement Mechanism and Related Matters) Regulations, 2026, the regulations were…
ADB approves USD 460 million loan for Maharashtra’s agricultural solarisation
The Asian Development Bank (ADB) has approved a USD 460 million results-based loan to upgrade Maharashtra’s rural power infrastructure and promote distributed renewable energy. The initiative aims to provide farmers with reliable daytime solar electricity for irrigation, improving agricultural productivity and supporting the state’s clean energy goals. The Maharashtra Power Distribution Enhancement Program (MPDEP) for…
Inox Green to acquire Macquarie-owned renewable platform Vibrant Energy
Inox Green Energy Services Limited is set to acquire Vibrant Energy, the India-focused renewable energy platform owned by Macquarie Asset Management. The transaction is expected to value Vibrant Energy at an equity valuation of about Rs 17.9 billion. Sources said definitive agreements have been signed, with a formal announcement expected shortly. Vibrant Energy operates as…
