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IEA finds high cost of capital still a major barrier for clean energy in EMDEs

The International Energy Agency (IEA) has reported that the cost of capital for clean energy projects in emerging markets and developing economies (EMDEs) remains at least twice as high as in advanced economies. This disparity continues to limit...

China establishes Yajiang Group for Brahmaputra mega dam

China has formally established China Yajiang Group Corporation Limited, a new state-owned enterprise that will lead the construction of the Medog hydropower project on the Yarlung Tsangpo River, known as the Brahmaputra in India.  The announcement...

Afghanistan signs deal to develop 10 GW power capacity by 2032

Afghanistan’s Ministry of Energy and Water has signed a $10 billion agreement with a domestic private company to develop power projects with a combined capacity of 10,000 megawatts, Tolo News reported. The projects will be implemented over a six-year...

Vietnam shortlists 24 energy projects under JETP

Vietnam and the International Partners Group (IPG) have identified 24 energy projects eligible for support under the Just Energy Transition Partnership (JETP), with an estimated investment requirement exceeding USD 7 billion. The update was shared...

Indonesia’s Dieng geothermal plant to add 110 MW capacity

Indonesia is set to expand the Dieng Geothermal Power Plant in Wonosobo, Central Java, by an additional 110 MW as part of a proposed project backed by the Asian Development Bank.  The expansion will support PT Geo Dipa Energi, the state-owned...

Wipro to deploy smart meter data system for Saudi Arabia’s National Grid SA

Wipro has signed a multi-year agreement with Saudi Electric Company’s transmission arm, National Grid SA, to implement a smart meter data management (MDM) system. The project is expected to modernise the utility’s data infrastructure and improve...

Tata Power completes first tranche of Bhutan hydro investment

Tata Power has completed the initial phase of its planned investment in Bhutan’s Khorlochhu Hydro Power Limited (KHPL) by acquiring a 40 per cent equity stake for Rs 1.2 billion, according to the company’s regulatory filing dated July 24. The...

Satellite images reveal China’s race to dominate nuclear fusion

Satellite images have revealed that China is constructing a major nuclear fusion facility in Mianyang, designed to be 50 per cent larger than the United States’ National Ignition Facility (NIF) in California. The development marks a significant...

Iberdrola raises €5bn to fund grid investments in US and UK

Iberdrola has completed a €5 billion (USD 5.8 billion) capital raise to support its electricity grid investments in the United States and the United Kingdom. The company issued 331 million new shares through an accelerated bookbuilding process, with...

UK clears final investment for Sizewell C nuclear project

The UK government has approved the final investment decision for the Sizewell C nuclear power plant and will hold a 44.9 per cent equity stake, becoming its largest investor. The £38 billion project will power 6 million homes for at least 60 years...

Digital growth must not outpace sustainability goals, says Qatar-backed report

A report backed by Invest Qatar and Iberdrola Innovation Middle East warns that unless clean energy investment keeps pace, digitalisation could strain power grids and delay net zero transitions. Data centres consumed 1.5% of global electricity in...

Pakistan’s consumer-led solar boom creates new pressures on national grid

Pakistan has emerged as the world’s largest importer of solar panels, driven by a grassroots energy shift rather than top-down policy. As reported by The Print, the growth has been largely powered by retail consumers and low-cost Chinese imports...

China begins construction of mega-dam on Brahmaputra River

China has begun construction on a massive hydropower project on the Yarlung Tsangpo River in southeastern Tibet, known downstream as the Brahmaputra in India. The project, which broke ground on July 19, 2025, is expected to be one of the largest...

China sees record power load as heatwave grips southern provinces

China is facing unprecedented electricity demand as a severe heatwave grips large parts of the country. The National Energy Administration reported that the national power load crossed 1.5 billion kW for the third time in July 2025, marking a new...

Andritz to upgrade Mozambique’s Cahora Bassa hydropower plant

Andritz will modernise Mozambique’s Cahora Bassa hydropower plant under a contract from Hidroeléctrica de Cahora Bassa (HCB). The upgrade will increase turbine capacity to 433 MW per unit and raise total generation by over 4 per cent. The 2,075 MW...

Google signs deal with Brookfield for up to 3 GW of hydropower

Google has signed a hydro framework agreement (HFA) with Brookfield Asset Management and Brookfield Renewable to procure up to 3GW of carbon-free hydroelectric capacity in the United States. The first contracts under this agreement cover Brookfield’s...

UK likely to miss 2035 climate targets: Neso

Britain is on track to miss its 2035 climate targets by a wide margin due to insufficient growth in clean electricity supply, according to the National Energy System Operator (Neso). The forecast shows the country falling short of the pace needed to...

World Bank approves $134 million for green hydrogen hub in Brazil

The World Bank has approved a $134 million operation to support the green hydrogen strategy of the Pecém Industrial and Port Complex Company (CIPP) and the Government of Ceará. Located in Northeastern Brazil, CIPP is one of the country’s most...

Solar becomes EU’s top power source in June 2025

Solar power generated a record 22.1 per cent of the European Union’s electricity in June 2025, marking the first time it became the region’s largest single energy source. According to Ember, solar produced 45.4 TWh of electricity, surpassing nuclear...

Sumitomo to invest £7.5bn in UK clean energy and infrastructure by 2035

Japan’s Sumitomo Corporation has committed to investing £7.5 billion ($10 billion) in the United Kingdom by 2035. The investment will focus on infrastructure, offshore wind, and hydrogen projects. The agreement was formalised through a memorandum of...

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Reliance signs USD 3 billion green ammonia supply deal with Samsung C&T

Reliance Industries Limited (RIL) has signed a binding 15-year agreement with Samsung C&T...

ANDRITZ wins Tata Power order for 1,000 MW Bhivpuri PSP

ANDRITZ has secured a contract from Tata Power to supply generating units for the 1,000 MW Bhivpuri...

ReNew’s C&I arm raises USD 95 million equity

ReNew Green Energy Solutions, the commercial and industrial (C&I) clean energy arm of ReNew...

EU-backed fund invests USD 32.2 million in UP biogas project

Climate Fund Managers has committed USD 32.2 million in construction equity from its Climate...

MNRE extends ALMM framework to include solar wafers

The Ministry of New & Renewable Energy (MNRE) has amended the Approved Models and Manufacturers...

KPI Green secures Rs 979 crore debt for 150 MW Gujarat wind project

KPI Green Energy Limited has secured Rs 979 crore in debt financing from Canara Bank for a 150 MW...

NHPC commissions 250 MW unit at Subansiri Lower project

NHPC Limited has declared commercial operation date (CoD) of Unit 1 (250 MW) of the Subansiri Lower...

Kalpataru secures Rs 2,471 crore orders, FY26 total crosses Rs 22,000 crore

Kalpataru Projects International Limited (KPIL) has secured new orders worth approximately Rs 2,471...

Adani Power appoints Puneet Bansal as company secretary

Adani Power Limited has informed the BSE and NSE that Puneet Bansal will take over as Company...

PFC approves Rs 1.6 lakh crore borrowing plan, closes GIPCL

Power Finance Corporation Limited (PFC) has approved a borrowing programme of up to Rs 1,60,000...