Ground-mounted solar PV and onshore wind energy are the most cost-effective technologies for new power plants in Germany, with levelised cost of electricity (LCOE) ranging from EUR 41 to EUR 92 per MWh, according to Fraunhofer ISE. New solar...

Scatec ASA and Aeolus SA, part of Toyota Tsusho Group, have partnered to develop 120 MW of solar projects in Tunisia. Financial close has been achieved for the Sidi Bouzid and Tozeur projects, each 60 MW, with Scatec starting construction. Aeolus...

Romania’s Ministry of Energy has approved a subsidy mechanism for contracts for difference (CfD) for wind and solar power projects. This mechanism will support 5 GW of renewable energy capacity across two tender rounds this year and next. A CfD...

Matrix Renewables has obtained a EUR 50 million (USD 54.6 million) green loan from the European Investment Bank (EIB) to finance new solar projects in Spain. The funds will support the design, construction, and operation of five solar farms with a...

Federal Minister for Energy Owais Leghari has announced plans to retire expensive power plants to reduce electricity prices across Pakistan. Speaking in Islamabad after a meeting with MQM National Assembly members, he highlighted the...

Aypa Power, a portfolio company of Blackstone, has secured $323 million in financing for its Kuna project in Idaho. The 150 MW/600 MWh facility, located near Boise in the city of Kuna, is set to become Idaho’s largest battery energy storage project...

JERA Nex, the global renewable energy division of JERA, has acquired two solar projects in the US, totalling 395 MW of alternating current, from Lightsource bp. This acquisition marks JERA Nex’s first since its launch in April 2024 and includes...

Nautilus Solar Energy has inaugurated a 2.8 MW community solar farm on the Altamont municipal waste dump and burn pit, previously the Schenectady Army Depot in New York. This marks the first community solar project on a formerly used defence site...

Danish solar investment company Obton has completed the acquisition of Japanese solar developer BCPG and its extensive project portfolio for DKr2 billion ($292 million). This acquisition significantly strengthens Obton’s presence in...

Power grids in Chinese provinces, including Shanghai and Zhejiang, are experiencing unprecedented demand as record temperatures exceed 40°C (104°F). State broadcaster CCTV reported temperatures as high as 43.9°C in eastern regions such as Zhejiang...

The US and Sweden have signed a memorandum of understanding (MOU) to bolster domestic nuclear production through bilateral cooperation. The agreement was signed by Sweden’s Minister for Energy, Business, and Industry Ebba Busch and US Secretary of...

Orlen Wind 3, a subsidiary of the Orlen Group, has signed a preliminary agreement with EDP Renewables Polska to acquire wind and solar facilities in Poland. The deal, valued at 1.15 billion zlotys ($292 million), includes photovoltaic (PV) projects...

The Australian government has approved the Wimmera Plains Energy Facility, a 312 MW wind farm project in Victoria, located 10 km northeast of Horsham. This facility will generate enough clean energy to power 202,000 homes and will feature 52 wind...

Enefit Green has secured a €100 million loan from the European Bank for Reconstruction and Development (EBRD) for the construction of the 255MW Sopi-Tootsi wind farm in Estonia. The eight-year loan supports the wind farm’s development, set to...

Spanish utility company Iberdrola has acquired an 88% stake in Electricity North West (ENW) for an equity value of €2.5 billion ($2.7 billion), valuing the company, including its debt, at €5 billion. Since merging with ScottishPower in 2007...

The plan for a $2.36 billion lithium-ion battery factory by Chinese company Gotion High-Tech in Big Rapids, Michigan, has encountered significant opposition from U.S. lawmakers and local residents. Initially hailed by Governor Gretchen Whitmer as a...

German utility enviaM group, through its subsidiary envia THERM, has partnered with the ASG Group under the joint venture Ventura Holding to develop solar projects with a total potential of more than 700 MW in central Germany. The collaboration aims...

German solar developer ib vogt GmbH has secured a power purchase agreement (PPA) for its 50-MWac/68-MWp solar farm project in Bangladesh. Sonagazi Solar Power Limited, sponsored by ib vogt, signed the agreement with the Bangladesh Power Development...

Dubai-based developer Amea Power has started building a 24 MW solar project in the West Nile region of northwestern Uganda. The Ituka project, located on a 52-hectare site in Ombachi village, about 450 km from Kampala, will be the first solar project...

Chinese solar module manufacturer JA Solar has filed patent infringement complaints against an unnamed competitor before the Unified Patent Court (UPC) in Germany. The complaints, lodged with the Munich and Hamburg Local Divisions of the UPC, concern...