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TNB and SGCC sign MoU to modernise Malaysia’s power grid

Tenaga Nasional Berhad (TNB) has signed a memorandum of understanding (MoU) with the State Grid Corporation of China (SGCC), through its subsidiary China Electric Power Equipment and Technology (CET), to support Malaysia’s grid modernisation. The...

Germany demolishes cooling towers of Gundremmingen nuclear plant

RWE has completed the demolition of two cooling towers at the Gundremmingen nuclear power plant in Bavaria on 25 October, marking a key step in its decommissioning. Specialists from a German blasting firm carried out the operation using 600 kilograms...

Saft wins 356 MWh BESS contract with Foxwell Power in Taiwan

Saft, a subsidiary of TotalEnergies, has secured a major contract with Foxwell Power Company in Taichung, Taiwan, to deliver a 356 MWh lithium-ion battery energy storage system. The project, Saft’s eleventh in Taiwan, will expand the company’s...

Japan to fast-track nuclear restarts to cut fuel costs

Japan’s new Prime Minister, Sanae Takaichi, plans to accelerate nuclear reactor restarts to reduce reliance on imported fossil fuels and curb inflation. Reactor restarts are seen as key to lowering electricity costs and securing a stable domestic...

Pakistan’s Balakot hydropower project completes river diversion

Pakistan’s Balakot Hydropower Project, developed by China Gezhouba Group Company, has completed river diversion and closure operations, allowing the project to move into the main dam construction phase. The 300 MW run-of-the-river project is located...

Rondo Energy commissions world’s largest industrial heat battery

Rondo Energy has started commercial operation of a 100 MWh industrial heat battery, described by the company as the world’s largest, at a fuel production facility in California. The system generates continuous high-pressure steam powered entirely by...

Bahrain launches tender for 150 MW solar power plant

Bahrain’s Electricity and Water Authority (EWA) has issued a tender for the Kingdom’s first solar power plant, aiming to expand renewable energy adoption and support its goal of carbon neutrality by 2060. The project, planned at 150 MW, will be...

Germany introduces hydrogen capacity reservation framework from 2026

Germany’s hydrogen network operators have announced guidelines for capacity reservations set to take effect in early 2026. The framework allows market participants to secure binding reservations at entry and exit points within designated network...

POWERGRID acquires SPV for two transmission projects

Power Grid Corporation of India Limited (POWERGRID) has expanded its interstate transmission portfolio by acquiring two special purpose vehicles (SPVs) through the tariff-based competitive bidding (TBCB) process.   POWERGRID acquired Vindhyachal...

IEA: Renewables cut fossil fuel import dependence in over 100 countries

The International Energy Agency’s Renewables 2025 report highlights how the expansion of renewable energy has reduced fossil fuel import dependence across more than 100 countries. The study compares actual developments with a “low renewable-energy...

Australia awards 6.6 GW of projects under clean energy tender

The Australian federal government has announced the results of Tender 4 under its Capacity Investment Scheme, selecting 20 renewable and storage projects with a total capacity of 6.6 gigawatts. The outcome exceeds the tender’s original 6-gigawatt...

AIIB approves $52m loan for Sri Lanka’s Kerawalapitiya-Port L transmission line

The Asian Infrastructure Investment Bank (AIIB) will provide $52m in sovereign-backed financing to Sri Lanka to support the Kerawalapitiya-Port L Second Transmission Line Project, aimed at strengthening renewable energy integration and grid stability...

Brookfield raises USD 20 billion for second global transition fund

Brookfield Asset Management has completed the final close of its Brookfield Global Transition Fund II (BGTF II), raising USD 20 billion to accelerate investments in clean energy and low-carbon technologies worldwide. The fund will finance a broad...

World Bank launches program to decarbonise East Asia-Pacific power sector

The World Bank has announced a $2.5 billion initiative to help East Asia and Pacific countries decarbonise their power sectors, with a focus on scaling up renewable energy. The program will be implemented through the Multiphase Programmatic Approach...

Corporate buyers drive US clean energy growth, report finds

Corporate purchasers are increasingly driving renewable energy development in the US, according to a report commissioned by the Clean Energy Buyers Association (CEBA). The study found that without voluntary commitments from companies to buy renewable...

Solar and storage equipment costs to rise from Q4 2025

Solar and energy storage developers will face higher equipment prices from Q4 2025 due to Chinese policy changes and production cuts, according to Wood Mackenzie. This marks an end to the 18-month period of unusually low prices in the market. The...

US DOE cancels 321 energy awards, saving $7.56 billion

The US Department of Energy (DOE) has terminated 321 financial awards linked to 223 projects, generating an estimated $7.56 billion in taxpayer savings. The decision follows a comprehensive review that found these projects did not meet national...

Solar becomes top electricity source in EU in Q2 2025

Solar energy became the leading source of electricity generation in the European Union (EU) during the second quarter of 2025. Renewable sources produced 54% of the EU’s net electricity, up from 52.7% in the same period of 2024, according to EU data...

World Bank approves $500 million to modernize Indonesia’s grid

The World Bank has approved the Indonesia Electricity Network Transformation (I-ENET) Program, a $500 million operation to upgrade electricity distribution in Java, Madura, and Bali. The initiative is designed to improve the integration of renewable...

Russia to launch closed fuel cycle nuclear system by 2030

Russia plans to commission by 2030 the first nuclear power system based on a closed fuel cycle, President Vladimir Putin has announced. The system will allow spent fuel to be reused several times, reducing uranium demand. Putin made the statement at...

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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...