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China revises export VAT rebates for solar and battery products

The Ministry of Finance and the General Administration of Taxation of China have announced changes to the export value added tax (VAT) rebate policy for photovoltaic (PV) and battery products. Under the revised framework, export VAT rebates will be...

U.S. withdraws from ISA and key clean energy groups

The United States has announced its withdrawal from the United Nations Framework Convention on Climate Change (UNFCCC) and more than 60 international treaties and organisations, stating that these memberships no longer align with U.S. interests. The...

Nordex wins orders across France, Belgium, Portugal, Germany, and Spain

The Nordex Group closed 2025 with a substantial series of orders for onshore wind projects across Europe, totalling over 884 MW of new capacity. The contracts span multiple countries and include long-term service agreements for the turbines. In late...

Japan begins commercial operations at first floating offshore wind farm

Japan has started commercial operations at its first floating offshore wind power project, with Goto Offshore Wind Farm Special Purpose Company (SPC) announcing that the facility off Goto City in Nagasaki Prefecture is now online, marking a...

China brings first gigawatt-scale fixed offshore solar project online

A state-owned developer in China has fully commissioned the HG14 offshore solar project in Shandong, marking the country’s first gigawatt-scale fixed-structure offshore photovoltaic installation. The project is designed for harsh marine environments...

Four major Chinese solar wafer makers raise prices

Four leading solar wafer manufacturers announced a price increase on the afternoon of December 25, raising prices across key wafer sizes and lifting the average market level by about 12 per cent. Analysts link the change to higher raw material costs...

Vestas secures 390 MW offshore wind project order in South Korea

Vestas has won a 390 MW turbine order for the Shinan-Ui offshore wind project in South Korea, marking its first offshore wind contract in the country. The project includes a long-term service deal and supports South Korea’s expanding offshore wind...

IFC-led lenders back one of Africa’s largest solar storage projects

The International Finance Corporation (IFC), AMEA Power, and Kyuden International Corporation have announced a $571.8 million debt financing package for the Abydos II project in Egypt, positioned as one of Africa’s largest integrated solar and...

Matrix Renewables signs contract with Tesla for 500 MW BESS in the UK

On 22 December 2025, Matrix Renewables said it had signed a full Engineering, Procurement, and Construction (EPC) agreement with Tesla for a standalone battery energy storage system. The project has a capacity of 500 MW with a two hour duration...

US–Armenia energy MoU focuses on nuclear transition

The United States and Armenia are advancing a Memorandum of Understanding on bilateral energy cooperation for strengthening Armenia’s energy resilience through modernisation and expanded energy production, US Ambassador to Armenia Kristina Kvien...

Hitachi Energy wins contract for Finland’s largest battery storage project

Hitachi Energy has won a contract from Nordic Electro Power (NEPower) to supply power conversion systems for Finland’s largest battery energy storage system (BESS), being developed by Swiss energy company Alpiq in Haapajärvi. The 125 MW project will...

EMEC completes world-first tidal power, battery storage and hydrogen trial

The European Marine Energy Centre (EMEC) has carried out the first global demonstration of a unified energy system that links tidal generation, long-duration battery storage and green hydrogen production. The trial took place at the centre’s test...

Philippines reports $8.12 B in BOI approved energy projects for 2025

The Philippine Department of Energy said the Board of Investments approved about $8.12 billion in power and electricity projects between January and November 2025. Energy accounted for 58.74 per cent of total BOI approvals. The portfolio spans...

Helical Fusion signs Japan’s first fusion power PPA with Aoki Super

Helical Fusion has entered a power purchase agreement with Aoki Super, marking the first fusion energy PPA in Japan. The agreement links the start-up’s planned stellarator reactor with a major supermarket chain that uses large daily electricity...

ADB lends 100 million dollars for Sri Lanka’s power sector restructuring

Sri Lanka has secured a 100 million dollar policy loan from the Asian Development Bank (ADB) to advance reforms under the Power Sector Reforms and Financial Sustainability Program. The funding supports the unbundling of the Ceylon Electricity Board...

EC opens €5.2bn Innovation Fund calls for net zero technologies and hydrogen

The European Commission has launched three funding calls under the Innovation Fund with €5.2bn from EU Emissions Trading System revenues. The focus is on net-zero technologies, low-carbon hydrogen, and industrial process heat. The aim is to support...

International Geothermal Standard Committee launched in Beijing

The International Geothermal Standard Committee was established on 26 November in Beijing, with Sinopec hosting its permanent Secretariat. Formed by the International Geothermal Association, the committee brings together 30 experts from 15 countries...

TEPCO seeks approval to revive world’s largest nuclear plant

A regional assembly in Japan has opened discussions on a partial restart of the Kashiwazaki-Kariwa Nuclear Power Plant, which has been offline since the 2011 Fukushima disaster. Tokyo Electric Power Co. (TEPCO), which operates both sites, is seeking...

Powertrust and Microsoft partner for distributed solar in Latin America

Powertrust has announced an agreement with Microsoft to support 270 MW of distributed solar capacity in Mexico and Brazil over the next four years. Microsoft will buy Renewable Energy Certificates from these projects as part of its plan to become...

Japan’s FAST fusion project clears key design milestone

Starlight Engine and Kyoto Fusioneering have completed the conceptual design for Japan’s FAST fusion demonstration plant, one year after the project began in November 2024. The Conceptual Design Report outlines FAST’s objectives, system design...

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Power Sector News Roundup for January 12, 2026

India Oriana Power approves Rs 75 crore debenture issue Oriana Power Limited has approved raising Rs...

China revises export VAT rebates for solar and battery products

The Ministry of Finance and the General Administration of Taxation of China have announced changes...

U.S. withdraws from ISA and key clean energy groups

The United States has announced its withdrawal from the United Nations Framework Convention on...

India begins trials of first hydrogen powered train

India has commenced trial runs of its first hydrogen-powered train, a significant step toward...

Ashok Leyland opens UP’s first electric bus manufacturing facility

Defence Minister Rajnath Singh inaugurated Hinduja Group flagship Ashok Leyland’s integrated...

Draft battery Aadhaar guidelines released for lifecycle traceability

India has taken a step towards creating a unified digital identification and traceability framework...

REC transfers two Maharashtra transmission SPVs

REC Power Development and Consultancy Limited (RECPDCL) has transferred its entire shareholding in...

NTPC, MAHAGENCO sign SHA for Sinnar Thermal acquisition

NTPC Limited has informed the stock exchanges that it signed a Shareholder Agreement (SHA) with...

Saatvik subsidiaries secure Rs 35 crore in new solar orders

Saatvik Green Energy Limited has informed the stock exchanges that its subsidiaries have received...

Advait Energy Transitions emerges L1 bidder for two power projects

Advait Energy Transitions Limited (formerly Advait Infratech Limited) has the stock exchanges that...