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Australia awards 6.6 GW of projects under clean energy tender
By October 13, 2025October 13, 2025

The Australian federal government has announced the results of Tender 4 under its Capacity Investment Scheme, selecting 20 renewable and storage projects with a total capacity of 6.6 gigawatts. The outcome exceeds the tender’s original 6-gigawatt target and marks another step toward Australia’s goal of sourcing 82% of its electricity from renewables by 2030. Twelve of the awarded projects are hybrid developments that combine battery storage with solar or wind generation, together accounting for more…

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AIIB approves $52m loan for Sri Lanka’s Kerawalapitiya-Port L transmission line
By October 10, 2025October 10, 2025

The Asian Infrastructure Investment Bank (AIIB) will provide $52m in sovereign-backed financing to Sri Lanka to support the Kerawalapitiya-Port L Second Transmission Line Project, aimed at strengthening renewable energy integration and grid stability in the Greater Colombo area. The project covers the end-to-end delivery of a 220kV single-circuit underground cable system, including design, procurement, construction, testing, and commissioning. It will connect the Kerawalapitiya Switching Station with the Colombo Port L Grid Substation and complement the…

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Brookfield raises USD 20 billion for second global transition fund
By October 10, 2025October 10, 2025

Brookfield Asset Management has completed the final close of its Brookfield Global Transition Fund II (BGTF II), raising USD 20 billion to accelerate investments in clean energy and low-carbon technologies worldwide. The fund will finance a broad portfolio across wind, solar, battery storage, carbon capture, and other clean energy assets. In India, it will support more than 10 GW of renewable and storage projects through its joint venture, Evren. BGTF II exceeded its initial fundraising…

Read More Brookfield raises USD 20 billion for second global transition fund
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World Bank launches program to decarbonise East Asia-Pacific power sector
By October 9, 2025October 9, 2025

The World Bank has announced a $2.5 billion initiative to help East Asia and Pacific countries decarbonise their power sectors, with a focus on scaling up renewable energy. The program will be implemented through the Multiphase Programmatic Approach (MPA), launched in 2024. The MPA provides financing from IDA and IBRD to support policy development, strengthen institutions, and fund transmission infrastructure for renewable energy integration. It also aims to de-risk clean energy investments to encourage private…

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Corporate buyers drive US clean energy growth, report finds
By October 8, 2025October 8, 2025

Corporate purchasers are increasingly driving renewable energy development in the US, according to a report commissioned by the Clean Energy Buyers Association (CEBA). The study found that without voluntary commitments from companies to buy renewable power, many projects would face financing hurdles, limiting the ability to meet growing electricity demand. Virtual power purchase agreements (VPPAs), which allow companies to secure long-term contracts for future electricity at fixed prices, are critical to project financing. Lenders often…

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Solar and storage equipment costs to rise from Q4 2025
By October 7, 2025October 7, 2025

Solar and energy storage developers will face higher equipment prices from Q4 2025 due to Chinese policy changes and production cuts, according to Wood Mackenzie. This marks an end to the 18-month period of unusually low prices in the market. The report identifies three main factors driving the increase: consolidation in the polysilicon sector, supply-side production cuts, and the cancellation of China’s 13% VAT export rebate. Together, these measures are expected to increase solar module…

Read More Solar and storage equipment costs to rise from Q4 2025
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US DOE cancels 321 energy awards, saving $7.56 billion
By October 6, 2025October 6, 2025

The US Department of Energy (DOE) has terminated 321 financial awards linked to 223 projects, generating an estimated $7.56 billion in taxpayer savings. The decision follows a comprehensive review that found these projects did not meet national energy needs, lacked economic viability, and were unlikely to deliver a positive return on public funds. The awards were issued by the Offices of Clean Energy Demonstrations, Energy Efficiency and Renewable Energy, Grid Deployment, Manufacturing and Energy Supply…

Read More US DOE cancels 321 energy awards, saving $7.56 billion
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Solar becomes top electricity source in EU in Q2 2025
By October 1, 2025October 1, 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. In June 2025, solar accounted for 22% of electricity in the EU, surpassing nuclear at 21.6%, wind at 15.8%, hydroelectric…

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World Bank approves $500 million to modernize Indonesia’s grid
By September 30, 2025September 30, 2025

The World Bank has approved the Indonesia Electricity Network Transformation (I-ENET) Program, a $500 million operation to upgrade electricity distribution in Java, Madura, and Bali. The initiative is designed to improve the integration of renewable energy and accelerate the digitalisation of Indonesia’s grid. Indonesia’s rising electricity demand has so far been met mainly through fossil fuels. With the country targeting high-income status by 2045 and net-zero emissions by 2060, the government aims to strengthen electricity…

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Russia to launch closed fuel cycle nuclear system by 2030
By September 29, 2025September 29, 2025

Russia plans to commission by 2030 the first nuclear power system based on a closed fuel cycle, President Vladimir Putin has announced. The system will allow spent fuel to be reused several times, reducing uranium demand. Putin made the statement at the World Atomic Week forum in Moscow. He said the project will be developed in the Tomsk Region. A closed fuel cycle involves reprocessing used reactor fuel to recover materials that can be used…

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