Zelestra has secured €146.6 million in green financing to build six solar photovoltaic (PV) projects in Spain. The projects will form two clusters—Belinchón and Brazatortas—adding a combined capacity of 237 megawatt direct current (MWdc). The financing package covers 21 power purchase agreements (PPAs). BNP Paribas and Rabobank led the arrangement. Both acted as mandated lead…
Masdar has signed a collaboration agreement with Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, to develop renewable energy and battery energy storage system (BESS) projects in the country. The signing was witnessed by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Kazakhstan President Kassym-Jomart Tokayev. The partners plan to launch a ’24/7′…
The Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), and ASEAN Infrastructure Fund (AIF) have signed a letter of intent to collaborate on ASEAN-related infrastructure projects. The agreement outlines cooperation on high-impact projects, including the ASEAN Power Grid (APG) and ASEAN Catalytic Green Finance Facility (ACGF). The partnership will focus on project origination, co-financing,…
TCL Solar has partnered with Grid Africa to develop 100 MW of distributed solar photovoltaic and battery storage systems across Zimbabwe and Zambia. The initiative will focus on enhancing energy access for critical sectors such as telecom, data centres, and commercial and industrial consumers. Grid Africa, a pan-African distributed energy developer, aims to deliver scalable…
The Rockefeller Foundation and a group of international partners—ACEN Corporation, Mitsubishi Corporation, Keppel, and GenZero—are launching a pilot project in the Philippines to demonstrate a new model for replacing coal with clean energy. The project will focus on the early retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal plant, which will be replaced…
Israel will begin work on a national blueprint for a green hydrogen pipeline following approval from the National Planning and Building Council.  The proposed system will stretch from the Jezreel Valley in the north to Eilot near Eilat in the south. It will channel green hydrogen produced from excess renewable energy to industrial zones, aiming…
On May 1, 2025, the World Bank’s Board of Executive Directors approved a €79.90 million loan and €2.89 million grant to support Bosnia and Herzegovina’s National Energy and Climate Plan. This funding aims to enhance energy security, promote economic transition, and create job opportunities in regions shifting away from coal. The Just Transition in Select…
Vietnam has officially approved the amended National Power Development Plan VIII (PDP VIII) for the 2021-2030 period, with a long-term vision extending to 2050. This revision, under Decision 768/QD-TTg, replaces the previous version (Decision 500/QD-TTg) and responds to the country’s growing electricity demand and its commitment to achieving net-zero emissions by 2050. The revised plan…
Indonesia is set to significantly expand its renewable energy capacity by 2040, with plans also to introduce 10GW of nuclear power, according to a Reuters report. In February 2025, the country announced plans to build nuclear power plants with a capacity of 4.3GW, aiming to diversify its energy mix and reduce reliance on fossil fuels….
Ireland’s Ministery for Climate, Environment, and Energy has launched the National Offshore Renewable Energy (ORE) Designated Maritime Area Plan (DMAP) as part of the country’s efforts to reach at least 5 GW of offshore wind capacity and 80% renewable electricity by 2030. The DMAP aims to support Ireland’s decarbonisation goals and will contribute to the…