Rondo Energy has started commercial operation of a 100 MWh industrial heat battery, described by the company as the world’s largest, at a fuel production facility in California. The system generates continuous high-pressure steam powered entirely by on-site wind and solar energy, providing a model for round-the-clock, low-carbon industrial heat. The unit began operations in…
Bahrain’s Electricity and Water Authority (EWA) has issued a tender for the Kingdom’s first solar power plant, aiming to expand renewable energy adoption and support its goal of carbon neutrality by 2060. The project, planned at 150 MW, will be developed in partnership with the private sector. The plant will cover 1.2 square kilometres near…
Germany’s hydrogen network operators have announced guidelines for capacity reservations set to take effect in early 2026. The framework allows market participants to secure binding reservations at entry and exit points within designated network clusters, providing planning certainty and supporting the development of hydrogen infrastructure. Reserved capacities will initially convert into bookings, allowing flexible transport…
Power Grid Corporation of India Limited (POWERGRID) has expanded its interstate transmission portfolio by acquiring two special purpose vehicles (SPVs) through the tariff-based competitive bidding (TBCB) process. POWERGRID acquired Vindhyachal Varanasi Transmission Ltd (VVTL) from PFC Consulting Ltd on October 16, 2025. The SPV, incorporated on April 17, 2025, was set up for a transmission…
The International Energy Agency’s Renewables 2025 report highlights how the expansion of renewable energy has reduced fossil fuel import dependence across more than 100 countries. The study compares actual developments with a “low renewable-energy source” scenario in which nations stopped building wind, solar, and other non-hydropower projects after 2010. Between 2010 and 2023, the world…
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…
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,…
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…
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…
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),…