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China commissions 500 MW hybrid energy storage project

China has commissioned a large scale hybrid energy storage facility in the northwest of the country, marking a milestone in the use of combined battery and supercapacitor technologies for grid support. The Jiayuguan NingSheng 500 MW/1,000 MWh...

Meta signs nuclear energy agreements with Oklo, TerraPower and Vistra

Meta has announced agreements with Oklo, TerraPower and Vistra following its nuclear request for proposal process to support new and existing nuclear energy projects in the United States. The company said the agreements aim to add clean and reliable...

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...

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Power Sector News Roundup for May 8, 2026

MNRE issues solar module warranty SOP for PM Surya Ghar, PM KUSUM The Ministry of New and Renewable...

MNRE issues solar module warranty SOP for PM Surya Ghar, PM KUSUM

The Ministry of New and Renewable Energy (MNRE) has released a Standard Operating Procedure (SOP)...

India issues fast-track SOP for FDI approvals in energy manufacturing

The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced a new Standard...

Vikram Solar posts record FY26 revenue, approves Rs 3,726 crore capex

Vikram Solar Limited reported its strongest-ever financial performance in FY26, driven by higher...

ACME Solar reports 59% rise in FY26 revenue, PAT doubles

ACME Solar Holdings Limited reported a 59% year-on-year increase in consolidated revenue for FY26...

Shakti Pumps posts record FY26 revenue on solar pump demand

Shakti Pumps (India) Limited reported its highest-ever quarterly and annual financial performance...

Ampyr commissions 67.5 MWp Somasamudra solar project in Karnataka

Climate Fund Managers and Ampyr Energy have announced the commissioning of the Somasamudra Phase 1...

India, EU launch €15.2 million EV battery recycling call

India and the European Union (EU) have expanded their clean energy collaboration with the launch of...

EAC clears over 5,100 MW hydro, pumped storage projects

The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has granted or...

PFC incorporates SPV for Fatehgarh-II synchronous condenser project

Power Finance Corporation Limited (PFC) has announced the incorporation of Fatehgarh II Transmission...