Global power sector news roundup: key updates
Author: PPD Team Date: March 23, 2026
Grid & Policy
$1.9 billion · US
US DOE launches SPARK grid upgrade program
The Department of Energy’s Office of Electricity has opened a $1.9 billion funding opportunity under the SPARK initiative, targeting reconductoring and advanced transmission technologies. The program is tied to a recent executive order on energy policy and rising electricity demand. Concept papers are due April 2, with full applications due May 20 and selections expected in August 2026.
Indonesia · Singapore
Indonesia, Singapore near BBK green industrial zone deal
Indonesia and Singapore are close to finalizing a green industrial zone in the Batam, Bintan, and Karimun (BBK) area, with clean energy cooperation at its core. Discussions in Tokyo covered cross-border power deals and low-carbon technologies including carbon capture and storage. Pilot CCS projects are expected soon, and the zone is designed to pull global high-tech industry into the regional green supply chain.
Solar
305 MW · Morocco
Noor Atlas solar program breaks ground
Masen and ONEE have signed PPAs and begun construction on the 305 MW Noor Atlas program, spread across six plants. Commissioning starts July 2027. Financing comes from KfW, the European Investment Bank, and Bank of Africa. Morocco now has 1,285 MW of solar installed, with renewables covering 45.5% of installed capacity, targeting 52% by 2030.
258 MWp · Egypt
Egypt’s Benban adds 258 MWp solar with storage
GameChange Solar will supply trackers for a 258 MWp project in Benban developed by Infinity Power, with Hassan Allam as EPC. The project includes 200 MW of generation and a 120 MWh battery system. Egypt is targeting 42% renewables by 2030 and 65% by 2040.
120 MW · $304 million · US – Idaho
Clēnera closes $304 million for Crimson Orchard project
Clēnera secured $304 million in financing for its 120 MW solar and 400 MWh storage project in Idaho. The total project investment is estimated between $326 million and $342 million. It carries 20-year agreements with Idaho Power and is expected to serve more than 25,000 homes, with operations in the first half of 2027.
1.5 TWh · Italy
Zelestra signs 1.5 TWh in Italian renewable contracts
Zelestra has signed 1.5 TWh of renewable contracts under Italy’s Energy Release 2.0 mechanism, including a 950 GWh agreement with Burgo Group. The framework ties industrial demand to new capacity to accelerate deployment. The company is targeting nearly 3 GW of installed solar capacity in Italy by 2026.
Storage
2 GW · Php 273.47 billion · Philippines
Prime Infra secures Php 273.47 billion for pumped hydro portfolio
Prime Infra closed Php 273.47 billion in financing, including a Php 214.87 billion green loan, for its 2 GW pumped storage hydropower portfolio. The 1,400 MW Pakil project in Laguna and 600 MW Wawa project in Rizal are both targeted for 2030, supporting the Philippines’ renewable targets of 35% by 2030 and 50% by 2040.
500 MW · Australia
AGL begins commissioning 500 MW Liddell Battery
AGL has started commissioning the 500 MW, two-hour Liddell Battery in New South Wales, with initial coverage at 250 MW. Full operation is expected by June 2026. The project received A$35 million from ARENA and support under the NSW Roadmap. The site is being evaluated as a future integrated energy hub.
204 MW · A$200 million · Australia
Vena Group finalizes A$200 million revenue deal for Bellambi Heights BESS
Vena Group has signed a A$200 million revenue share agreement with InCommodities for the 204 MW Bellambi Heights battery in New South Wales. Energization is planned for late 2026, with full operations by mid-2027. The battery can power around 280,000 homes for approximately two and a half hours. InCommodities’ total Australian investment now approaches $500 million.
300 MW solar · 486 MWh · A$900 million · Australia
Blind Creek hybrid project reaches financial close
Flow Power signed an offtake agreement with Octopus Australia for the Blind Creek Solar Farm and Battery project. The A$900 million project, 300 MW solar and a 243 MW / 486 MWh DC-coupled battery system, is expected to cut emissions by up to 600,000 tonnes annually. Construction is underway, with operations scheduled for 2028.
190 MW / 760 MWh · UK
Grenergy wins 15-year UK contracts for 190 MW BESS
Grenergy secured capacity contracts for four battery projects totalling 190 MW / 760 MWh in the UK. The 15-year contracts pay £27.10 per kW per year, with minimum revenues above €40 million. Services begin between October 2029 and October 2030. The Fibden Farm hybrid project adds 40 MW of solar under a separate 20-year agreement at £65.23 per MWh.
60 MW / 120 MWh · Romania
Nuvve adds Romania to growing European BESS portfolio
Nuvve Holding and OMNIA Global are developing a 60 MW / 120 MWh battery project in Brașov, Romania — the third agreement between the partners in two weeks, bringing their combined capacity above 150 MW. Operations are expected in Q4 2026, with the project participating in balancing and ancillary markets via Nuvve’s GIVe platform.
Wind
1.1 GW · Denmark
RWE’s Thor offshore wind farm begins power supply
RWE’s 1.1 GW Thor offshore wind farm in Denmark has started delivering electricity to the grid. The project, a joint venture with Norges Bank Investment Management, includes 72 Siemens Gamesa turbines and holds a 30-year production licence. Full commissioning is expected by 2027, with the capacity to power over one million households.
200 towers/year · Poland
Windar Renovables to build tower facility in Poland
Windar Renovables is establishing a new tower manufacturing facility at CTPark Legnica in Poland, capable of producing up to 200 towers annually, enough for more than 1,000 MW of wind capacity. Production begins in the fourth quarter of 2026. The 29,000 m² site will supply Poland and Germany and is expected to create up to 300 jobs.
Denmark
Eurowind to acquire Connected Wind Services Denmark
Eurowind Energy has agreed to acquire Connected Wind Services Denmark from EnBW Energie Baden-Württemberg. The company manages around 1,000 turbines and employs over 100 staff. It will continue operating independently under existing management. The deal extends Eurowind’s capabilities across the wind value chain. Financial terms were not disclosed.
Nuclear & SMRs
Global
Nuclear declaration reaches 38 signatories at Paris summit
Belgium, Brazil, China, and Italy joined the Declaration to Triple Nuclear Energy at the World Nuclear Energy Summit in Paris on March 10, bringing total signatories to 38. Leaders from over 60 countries discussed financing, fuel supply, and workforce development. French President Emmanuel Macron called for standardisation to reduce costs, while IAEA Director General Rafael Mariano Grossi highlighted nuclear’s role in electrification and AI. The joint statement urged inclusion of nuclear energy in ESG frameworks.
Southeast Asia
GE Vernova and Hitachi partner on BWRX-300 SMR deployment
GE Vernova and Hitachi signed an MOU to deploy the BWRX-300 small modular reactor in Southeast Asia, with a focus on integrating Japanese suppliers into the SMR supply chain. The reactor is under construction at Darlington in Canada, with completion expected by the end of the decade. The Tennessee Valley Authority has applied for a US deployment licence.
Data centers & demand
2,700 MW · US – Michigan
Google and DTE to add 2.7 GW of clean capacity for Michigan data center
Google plans to develop a data center in Michigan under a Clean Capacity Acceleration Agreement with DTE Energy, adding 2.7 GW of new solar, advanced storage, and demand flexibility resources. The facility is under evaluation in Van Buren Township, with Google covering electricity and infrastructure costs to protect ratepayers. The deal follows a 1 GW solar PPA in Texas and a 1.9 GW PPA with Xcel Energy in Minnesota.
110 MW · Ireland
Pure DC launches 110 MW microgrid at Dublin data center campus
Pure Data Centres Group and AVK launched a 110 MW on-site microgrid at a Dublin data center campus, combining CHP, storage, and heat recovery across three 30 MW energy centers. Initial phases are due by end-2026. The project addresses grid constraints and is positioned as a replicable model for European data center development.
