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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...

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...

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Koraam to supply 1,200 solar pump mounting structures in Maharashtra

Koraam, powered by Kosol Energie Pvt. Ltd., has secured a 5.8 MW order from Sandip Electronics and...

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