Market News

US President Donald Trump on Wednesday issued a memorandum to withdraw the country from 66 international organisations, including the International Renewable Energy Agency (IRENA) and other renewables and climate change-focused entities.

US President Donald Trump on Wednesday issued a memorandum to withdraw the country from 66 international organisations, including the International Renewable Energy Agency (IRENA) and other renewables and climate change-focused entities.

US clean power firm Altus Power has acquired a 12-MW portfolio of operating commercial-scale solar assets from Chicago-based renewables developer Hecate Energy, expanding its presence across four states.

Iberdrola Germany has completed a 65MWp solar plant in Saxony-Anhalt supplying renewable electricity to Salzgitter AG for green steel production.

Australia has reached a major milestone in its energy transition with the start of commercial operations at Eraring Battery 1, a 460 MW / 1,770 MWh grid-scale battery energy storage system (BESS) located in New South Wales. The project is owned and operated by Origin Energy and is directly connected to the National Electricity Market (NEM).

Astronergy supplied ASTRO N7 modules for a 531 kW rooftop solar project at Betrimex Coconut Processing Factory in Ben Tre, developed by POSOTEC, generating over 700 MWh annually.

SolarMax has secured two engineering, procurement, and construction (EPC) contracts to deliver a combined 400 MWh of battery energy storage system (BESS) capacity in Puerto Rico, reinforcing the island’s push toward grid resilience and energy security.

Peru has taken another step forward in its energy transition, with renewable power sources accounting for 13% of total electricity generation in October, according to data from the Ministry of Energy and Mines. The increase reflects both stronger output from non-conventional renewables and a declining reliance on thermal generation.

China’s Longi says it will begin mass production of base-metal PV modules in the second quarter of 2026 as rising silver prices intensify pressure to reduce metallization costs.

Germany’s solar energy sector, long regarded as a cornerstone of Europe’s energy transition, is showing early signs of losing momentum.

Equity funding for European startups manufacturing energy storage hardware has reached over €2bn, according to new research from Avnet Silica.

D Trading has signed a renewable power offtake agreement for 200MW of capacity from Econergy’s Ratesti and Parau solar projects in Romania.

Consumers Energy has switched on a 250 MW solar project in western Michigan built on an active municipal wastewater treatment site, using a dedicated 138 kV grid connection.

Zambia has officially launched the construction of a 100-MW utility-scale solar photovoltaic (PV) power plant, marking a major milestone in the country’s ongoing transition toward a more diversified and resilient energy mix. The project is located in the Siavonga District, a region strategically selected for its high solar irradiation and proximity to existing grid infrastructure.

India’s largest solar module manufacturer, Waaree Energies, has taken a significant strategic step by securing new funding to advance the development of a 20 GWh energy storage manufacturing facility. The move underlines Waaree’s ambition to evolve from a solar-focused manufacturer into a fully integrated clean energy and storage solutions provider.

Nofar USA, a subsidiary of global independent power producer Nofar Energy, is the successful bidder for the acquisition of a 979-MW utility-scale solar portfolio developed by Pine Gate Renewables, pending approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.

UK consultants GlobalData say Singapore could add between 300 MW and 400 MW of solar annually through to 2035, taking cumulative capacity from around 1.9 GW today to the 5 GW threshold.

India’s clean energy transition continues to accelerate as Axis Energy announced plans to invest in 5 GW of renewable energy capacity in the eastern Indian state of Odisha. The large-scale programme reflects both growing investor confidence in India’s power market and the country’s strategic push toward diversified, grid-ready renewable generation.

Installation of a 40 MW solar plant in Moramanga was initiated by Afripower, complementing its upgraded 40 MW HFO facility on Madagascar’s Antananarivo grid.

The transaction to sell 50% of the 2.9GW Hornsea 3 offshore wind project does not include a 300MW/600MWh co-located BESS, a spokesperson confirmed to Solar Power Portal.