Market News

Nova Scotia has taken a significant step toward positioning itself as a future hub for low-carbon fuels. A large-scale renewable fuels project proposed by Nova Sustainable Fuels has received initial environmental approval, marking an important early milestone in a development that targets some of the hardest-to-decarbonize sectors of the global energy system.

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.

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.

Inox Clean Energy Limited, a company under the INOXGFL Group, announced that its renewables IPP arm, Inox Neo Energies Limited, has acquired approximately 250 MWp of operational solar projects from SunSource Energy Private Limited, with an additional ~50 MWp pending regulatory approvals. SunSource is a wholly owned subsidiary of SHV Energy, a multinational company headquartered in the Netherlands.

ACEN has reached a significant milestone in its transformation journey by achieving 100 percent renewable energy generation across its portfolio earlier this year.

The U.S. solar sector has entered a decisive phase where scale, balance-sheet strength, and execution capability increasingly determine survival. Against this backdrop, Nofar Energy has agreed to acquire a large portion of the U.S. solar portfolio of Pine Gate Renewables for a total enterprise value of approximately USD 575 million.

Spain has awarded more than €818 million ($956.3 million) in European Union funding to 126 energy storage projects totaling 2.2 GW of power and 9.4 GWh of capacity.

The European Bank for Reconstruction and Development (EBRD) is supporting the increasing demand for industrial infrastructure in Kazakhstan and across Central Asia, particularly in the renewable energy and logistics sectors.

Trinasolar said it has achieved new certified benchmarks in perovskite/crystalline silicon tandem solar technology, claiming world records for both cell efficiency and module power output in industrial-format devices.

Japanese construction ceramics manufacturer Danto Holdings Corp (TYO:5337) has announced that its board of directors has approved the entry into the grid-scale battery storage business through an investment in a 2-MW/8-MWh project.

Gigasun AB has secured five new rooftop solar photovoltaic installations in China, strengthening its presence in one of the world’s largest distributed solar markets. Announced on 2 January 2026, the projects have a combined capacity of approximately 3.8 MW and will be developed, owned, and operated through Gigasun’s wholly owned local subsidiaries.

In 2025, Portugal reached a major milestone in its energy transition. Renewable energy sources supplied 68% of the country’s total electricity demand, confirming Portugal’s position as one of Europe’s leading renewable energy markets.

Bruc, a Spain-based renewable energy investment platform, has successfully closed a EUR 474 million refinancing for its operational solar photovoltaic assets and upcoming battery energy storage projects across Spain. The transaction highlights the growing financial and strategic importance of hybrid solar-plus-storage portfolios in Southern Europe.

CHN Energy has successfully connected its 600 MW Zhundong Solar Project to the grid in Qitai County, located in China’s Xinjiang Uygur Autonomous Region. The project officially began generating electricity on 14 December, following 428 days of continuous construction.

European Energy has received planning approval from the Gladstone Regional Council for its 1.1 GW Upper Calliope Solar Farm, marking a major regulatory milestone for one of Australia’s largest renewable energy developments.

TAURON Polska Energia has secured PLN 268.7 million (~USD 74.8 million) in financing from Bank Gospodarstwa Krajowego (BGK) to develop 120 MW of photovoltaic capacity in southern Poland.

The company has inaugurated a centralised technical monitoring and support platform in Santiago, enabling real-time supervision of battery energy storage systems. From this hub, Sungrow monitors critical parameters such as temperature, cell voltage and state of charge, allowing early fault detection, faster response times and optimised system performance. Monthly KPI-based performance reports further enhance transparency and operational efficiency.

Ceigall India Limited has approved the incorporation of a wholly owned subsidiary, Ceigall Green Energy MP Limited, to execute 130 MW (AC) solar PV projects across two districts in Madhya Pradesh.

An 11.8 MW fishery–solar complementary PV project in Qingyuan was delivered using Hypset Solar Technology cable-structure mounting systems designed for large spans and minimal civil works.

Germany continued its strong solar momentum in 2025, installing 16.2 GW of new solar PV capacity, according to an analysis by Fraunhofer Institute for Solar Energy Systems, based on data from the energy-charts.info platform. This expansion pushed the country’s cumulative installed solar capacity to 116.8 GW by the end of the year—comfortably surpassing the federal government’s 108 GW target for 2025.