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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...

Philippines launches first auction for fixed-bottom offshore wind

The Philippines has opened its first competitive auction dedicated to fixed bottom offshore wind projects. The Department of Energy has issued the Notice of Auction and Terms of Reference for the fifth Green Energy Auction, offering 3.3 GW of...

ADB approves loan for Indonesia clean energy transition

The Asian Development Bank has cleared a $470 million results based loan for Indonesia’s state utility PLN under the Accelerating Indonesia’s Clean Energy Transition Program. The plan supports new renewable capacity, grid upgrades and institutional...

First Solar opens AI-enabled solar plant in Louisiana

First Solar has started production at its new $1.1 billion manufacturing facility in Iberia Parish, Louisiana. The 2.4-million-square-foot plant is fully vertically integrated and uses AI systems to flag defects during panel production. Operations...

Kidston pumped hydro marks Australia’s first new grid addition in 40 years

The Kidston pumped hydro project in Queensland has been added to the Australian Energy Market Operator’s management system, marking the first new pumped hydro asset to join Australia’s main grid in four decades. The registration on November 18 allows...

ADB approves $330 million loan for Pakistan’s transmission upgrade

The Asian Development Bank has approved a $330 million financing package for Pakistan’s Second Power Transmission Strengthening Project. The plan aims to expand and modernize the transmission network so it can absorb more low cost renewable and...

TotalEnergies begins commercial operations at 112 MW solar project in Saudi Arabia

A consortium of TotalEnergies, Toyota Tsusho, and Altaaqa Renewable Energy has started commercial operations at its 112 MW solar photovoltaic plant in Wadi Ad Dawasir. The project was built by a subsidiary of Power China and marks TotalEnergies first...

Shanghai Electric and Siemens sign grid transformation agreement

Shanghai Electric and Siemens have signed a framework agreement to advance China’s green digital grid transition. The partnership focuses on low and medium voltage equipment and supports China’s dual carbon targets. The agreement for the Intelligent...

MHI and J-POWER begin talks on onshore wind business transfer

Mitsubishi Heavy Industries and Electric Power Development Company have begun formal discussions on the transfer of MHI’s domestic onshore wind power business to J-POWER. Both companies plan to sign a definitive agreement after settling the...

IEA says nuclear power enters revival phase with 70GW under construction

Fatih Birol, executive director of the International Energy Agency (IEA), said “nuclear is back” during his keynote at the World Nuclear Exhibition in Paris. He cited IEA data showing 2025 nuclear generation at its highest level and 70GW of new...

China’s TOPCon cell prices dip as Indian buyers renegotiate post-duty announcement

Chinese TOPCon solar cell prices fell 1.22% to $0.0405/W this week amid weak export demand and contract renegotiations by Indian buyers following India’s proposed antidumping duty. The duty, recommended by the Directorate General of Trade Remedies...

China converts thorium into uranium fuel in world-first molten salt reactor

China has announced a breakthrough in nuclear technology, successfully converting thorium into uranium fuel inside a working molten salt reactor (MSR). The achievement confirms that thorium, a metal several times more abundant than uranium, can be...

Global energy storage funding drops 36% in 2025, M&A activity rises

Global corporate funding in the energy storage sector fell 36% year-over-year to $11.2 billion across 85 deals in the first nine months of 2025, down from $17.6 billion in 2024, according to Mercom Capital Group. Venture capital (VC) investment rose...

UK solar capacity tops 20 GW after record 2025 additions

The United Kingdom has surpassed 20 GW of installed solar capacity, adding 1.4 GW since January 2025, according to provisional data from the Department of Energy Security and Net Zero (DESNZ). The 373 MW Cleve Hill project, commissioned in July...

Amazon adds nearly 1 GW of new renewable energy across Europe

Amazon has added almost 1 GW of clean energy to European grids through 20 new renewable projects launched in 2025. Developed with 12 energy partners, the projects span Spain, Italy, Poland, Germany, and Greece. Together, they can power over 700,000...

Australia to offer households three hours of free power daily

Australia will introduce a new programme next year that will allow households to access three hours of free solar electricity each day. The initiative, called the Solar Sharer scheme, was announced by Energy Minister Chris Bowen and will initially...

RWE begins construction of Germany’s largest battery storage facility

RWE has started building Germany’s largest battery energy storage facility at its Gundremmingen site in Bavaria, marking a major step in the company’s plan to repurpose former nuclear power sites for renewable energy use. The 400MW facility, with a...

France pledges $550 million to advance Vietnam’s energy transition

France will provide $550 million to help Vietnam expand clean energy and low-emission transport projects, reinforcing bilateral cooperation under the Just Energy Transition Partnership (JETP).  The announcement was made by French Ambassador Olivier...

Saudi Arabia awards 4.5 GW renewable projects

Saudi Arabia’s Power Procurement Company (SPPC) has awarded five renewable energy projects with a combined capacity of 4.5 GW under the sixth phase of the National Renewable Energy Programme (NREP). Supervised by the Ministry of Energy, the projects...

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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...