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UPEX 2026

Global Tensions Drive Renewable Investment Shift Toward China

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Global geopolitical tensions are driving a shift in energy investment towards renewables, particularly in China. As instability in the Middle East affects oil prices, investors are diversifying into cleaner energy sources. China, with its advanced renewable technology and supportive policies, is becoming a favored destination for these investments, marking a significant global energy transition.

AMERICAS

NeoVolta Inc. Secures First $1.9 Million Order From Luminia LLC, Advancing Sustainable C&I Battery Storage Deployment

NeoVolta Inc. has secured its first purchase order from Luminia LLC, valued at approximately $1.9 million, for 40 NVGAIN-125K261 battery storage systems. This transaction marks a significant milestone in their strategic collaboration, aimed at enhancing NeoVolta's position in the commercial and industrial energy storage market, amidst rising demand for certified solutions.

Atiaia Commissions 170 MW Solar Complex in Brazil, Strengthening Utility-Scale Renewable Capacity

Atiaia Renováveis has launched a 170 MW solar complex in Brazil, enhancing the nation’s utility-scale renewable energy capacity. This project meets rising electricity demand, supports Brazil's clean energy transition, and includes necessary infrastructure for reliable grid integration. It reinforces Brazil's position as a leader in large-scale solar energy development.

Arevon Energy, Inc. Begins Construction Of 250 MW / 1,000 MWh Cormorant Battery Project In Daly City To Strengthen California’s Clean Energy Transition

Arevon Energy, Inc. has commenced construction on the Cormorant Energy Storage Project in Daly City, California. This $600 million facility will have a capacity of 250 MW and 1,000 MWh, supplying power to around 321,000 homes. With community engagement initiatives, Arevon aims to enhance local economies and support California's clean energy goals.

In An Interview With ElEconomista, Ignacio S. Galán Says Geopolitical And Energy Crisis Has Limited Impact On Iberdrola

Ignacio S. Galán, Executive Chairman of Iberdrola, stated in an ElEconomista interview that the geopolitical and energy crisis minimally affects the company. He emphasized the need for investment in electricity infrastructure to support Europe's electrification, highlighting plans to invest €40 billion in the U.S. and U.K. by 2028 for modernization and renewable projects.
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INDIA AND SOUTH ASIA

MERC Issues Final Order On MSEDCL Tariff Review After Court Intervention

The Maharashtra Electricity Regulatory Commission's recent order in Case No. 75 of 2025 addresses a crucial review petition from MSEDCL concerning electricity tariffs amid ongoing disputes. Key outcomes include revised tariffs effective July 1, 2025, provisions for renewable energy banking, and options for installment payments, balancing utility finances and consumer interests.

MPERC Approves 4.8% Tariff Hike For FY 2026-27, Balancing DISCOM Finances And Consumer Relief

The Madhya Pradesh Electricity Regulatory Commission approved a 4.80 percent increase in electricity tariffs for 2026-27, significantly lower than the proposed 10.19 percent, addressing a ₹6,044 crore revenue gap. The decision aims to balance utility needs with consumer burden, improving metering and efficiency while introducing Green Energy Tariffs and maintaining transparency.

Indian Green Building Council Hosts Green Marathwada Conclave 2026, Showcasing Region’s Accelerating Green Growth Momentum

The Green Marathwada Conclave 2026, organized by the Indian Green Building Council, focused on sustainable urban development and resource efficiency in Marathwada. Key leaders discussed Maharashtra's advancements in green buildings and renewable energy, emphasizing cross-sector collaboration. The conclave highlighted the region's potential in attracting investments by integrating sustainability in urban planning.

Tata Power-DDL Hosts “Samavesh 2026” to Advance Solar Awareness and Women-Led Clean Energy Adoption

Tata Power Delhi Distribution Limited hosted “Samavesh: Carnival of Women Solar Customers – 2026,” promoting women's roles in rooftop solar adoption. Over 350 women participated, with 125 honored for contributions to sustainability. The event included awareness sessions and cultural performances, emphasizing community engagement and Tata Power-DDL's commitment to clean energy and empowerment.

EUROPE

Atiaia Commissions 170 MW Solar Complex in Brazil, Strengthening Utility-Scale Renewable Capacity

Atiaia Renováveis has launched a 170 MW solar complex in Brazil, enhancing the nation’s utility-scale renewable energy capacity. This project meets rising electricity demand, supports Brazil's clean energy transition, and includes necessary infrastructure for reliable grid integration. It reinforces Brazil's position as a leader in large-scale solar energy development.

Axpo Signs Solar PPA with McDonald’s Spain to Supply 83 GWh Annually

Axpo has signed a power purchase agreement with McDonald's franchises in Spain to provide renewable electricity from a new 200 MWp solar complex in León. The deal will supply approximately 83 GWh of solar energy annually, supporting McDonald's sustainability goals, including climate neutrality by 2050. This initiative is part of McDonald's broader environmental strategy.

Sungrow Signs Landmark 1 GWh Energy Storage Agreement With Romania’s ENEVO Group

Sungrow has partnered with ENEVO Group to execute energy storage projects in Romania, totaling 1 GWh. The collaboration includes a two-phase rollout, comprising 440 MWh and 560 MWh solutions featuring Sungrow’s advanced PowerTitan system. This agreement underscores Sungrow’s role in enhancing renewable energy infrastructure and Europe’s growing demand for energy storage solutions.

AFRICA

PIDG Backs Afreenergy Solar with €4.3 Million to Scale Solar-Plus-Storage Deployment in Senegal

The Private Infrastructure Development Group has allocated €4.3 million to support Afreenergy Solar in expanding solar and battery storage in Senegal. This investment aims to deploy 30 MW of solar capacity and 10 MWh of battery systems, primarily for commercial and industrial sectors, improving energy reliability and reducing costs.

Côte D’ivoire Secures Landmark Financing For Sokhoro Solar Project

Côte d'Ivoire has achieved a milestone in renewable energy with the Sokhoro solar project, boasting a 52 MWp capacity. Utilizing a unique financing model and green bonds, it aims to supply power to 370,000 people and reduce carbon emissions by 41,000 tonnes annually. The project will create over 600 jobs and support national renewable energy goals.

Malawi Nears Energy Breakthrough With Mozambique Power Interconnection Project

Malawi's Mozambique-Malawi Power Interconnection Project is nearing completion, expected to be operational by mid-2026. This 218-kilometer high-voltage line will connect Malawi to the Southern African Power Pool, allowing electricity trade and reducing dependence on hydropower. The project aims to enhance electricity availability, stimulate economic growth, and foster regional cooperation.

Uganda Achieves Africa’s First Privately Financed Power Transmission Project Milestone

Uganda has become the first African nation to achieve financial close for a privately financed Independent Transmission Project with the $50 million Amari Power Transmission initiative. Developed by Gridworks, the project aims to upgrade key substations, improve electricity reliability, and set a precedent for similar private investments in Africa’s energy sector.

THE MIDDLE EAST

Empower Declares H2 2025 Dividend, Signals Strong Financial Stability And Growth Outlook

Empower's board approved a cash dividend of AED 0.075 per share for the second half of 2025, totaling AED 0.15 for the year. This reflects the company's strong financial health and commitment to shareholders. Empower's focus on energy-efficient cooling systems, amid rising demand, supports sustainability and positions it as a market leader.

Jinko Solar Powers Industrial Sustainability with 17.5 MWp Solar Project in Egypt

Jinko Solar has successfully supplied a 17.5 MWp solar power plant in Egypt with partners including Misr Beni Suef Cement Co. This project aids the cement industry's transition to renewable energy, supporting carbon emission reduction. Utilizing advanced N-Type TopCon Tiger Neo modules, it ensures efficient power generation in challenging conditions, showcasing Jinko's commitment to sustainability.

JinkoSolar’s Saudi Odyssey: Decades of Innovation and the Road to Vision 2030 – Robin Li, General Manager (MEA&CA)

As JinkoSolar celebrates its 20th Anniversary, how do you reflect on your growth journey in Saudi Arabia and the key milestones that strengthened your...

Southeast Asia Power Markets Remain Stable Amid Middle East Crisis, but Energy Security Takes Centre Stage

Southeast Asia's power markets are managing geopolitical tensions with an emphasis on energy security in long-term planning, according to Wood Mackenzie. While regulated pricing protects from immediate shocks, rising gas prices are anticipated to affect tariffs, particularly in Singapore and the Philippines. Future shifts towards diversified energy systems and nuclear ambitions are expected due to sustained market volatility.

SOUTH EAST ASIA

EIB Global And Techcombank Launch €200 Million Green Credit Line For Vietnam

EIB Global has partnered with Techcombank to establish a €200 million credit line aimed at promoting Vietnam’s green economy and facilitating climate action. This initiative supports the country’s goal of achieving carbon neutrality by 2050, offering financial backing for renewable energy projects and enhancing sustainable practices in the financial sector.

Kyocera And Cosmo Energy Partner To Balance Solar And Wind Power For Stable Renewable Supply In Japan

Kyocera Corporation and Cosmo Energy Holdings have formed a strategic partnership to exchange solar and wind energy, addressing the variability of renewable sources. By balancing their power portfolios, they aim to provide a steady supply of clean electricity. This collaboration reflects Japan's move toward carbon neutrality and encourages cooperation in the energy sector.

Nuriflex Vietnam And Singapore Power Partner To Deploy 20 MWp Solar For Industrial Manufacturing

NuriFlex Vietnam has partnered with Singapore Power Group to expand renewable energy through rooftop solar systems in industrial facilities, especially at TKG Taekwang Vina's factories. This initiative includes a Power Purchasing Agreement and aims to generate over 28,000 MWh yearly, reducing carbon emissions by 22,000 tons, supporting sustainability and energy efficiency.

Sungrow Powers Solar & Storage Live Johannesburg with Next-Generation C&I and Utility Solutions

Sungrow showcased its integrated solar and energy storage solutions at Solar & Storage Live Johannesburg 2026, addressing the diverse energy challenges faced by Africa’s commercial and industrial sectors. Highlighting products like the modular PowerKeeper system and the SG465 inverter, Sungrow emphasizes flexibility, scalability, and partnerships to enhance energy resilience and optimize costs across the continent.

FROM ACROSS THE GLOBE

Kyocera, Cosmo Energy Sign Reciprocal Solar-Wind Power Agreement in Japan

Kyocera Corporation and Cosmo Energy Holdings have forged a reciprocal renewable energy agreement to exchange solar and wind power, enhancing Japan’s clean energy market. This collaboration addresses intermittency issues and reflects a shift toward flexible corporate power purchase agreements (PPAs), promoting diversified renewable sourcing strategies and innovative energy trading models for better energy security.

Kyocera And Cosmo Energy Partner To Balance Solar And Wind Power For Stable Renewable Supply In Japan

Kyocera Corporation and Cosmo Energy Holdings have formed a strategic partnership to exchange solar and wind energy, addressing the variability of renewable sources. By balancing their power portfolios, they aim to provide a steady supply of clean electricity. This collaboration reflects Japan's move toward carbon neutrality and encourages cooperation in the energy sector.

Kinergy Reports Breakthrough FY2025 As Revenue Surges Past RM500 Million And Business Shifts Toward Sustainable Energy

Kinergy reported a significant transformation in FY2025, achieving RM513.2 million in revenue, a 109.6% increase from the prior year, and a 36.9% rise in profit after tax to RM30.1 million. Transitioning to an energy-driven company, the Sustainable Energy Solutions segment generated 70% of revenue, bolstering future growth prospects and recurring income.

Nuriflex Vietnam And Singapore Power Partner To Deploy 20 MWp Solar For Industrial Manufacturing

NuriFlex Vietnam has partnered with Singapore Power Group to expand renewable energy through rooftop solar systems in industrial facilities, especially at TKG Taekwang Vina's factories. This initiative includes a Power Purchasing Agreement and aims to generate over 28,000 MWh yearly, reducing carbon emissions by 22,000 tons, supporting sustainability and energy efficiency.

INSIGHTS

Global Tensions Drive Renewable Investment Shift Toward China

Global geopolitical tensions are driving a shift in energy investment towards renewables, particularly in China. As instability in the Middle East affects oil prices, investors are diversifying into cleaner energy sources. China, with its advanced renewable technology and supportive policies, is becoming a favored destination for these investments, marking a significant global energy transition.

India Targets 900 GW Non-Fossil Capacity By 2035-36 With Massive Grid Expansion Plan – CEA

India plans to expand its clean energy capacity to over 900 GW by 2035-36, focusing on renewable sources like solar, wind, and nuclear power. A significant transmission infrastructure upgrade is essential, with projected costs around ₹7,93,300 crore. The roadmap aims for reliable energy supply and efficient grid usage to meet rising electricity demands.

U.S. Wind And Solar Power Reach Record 17% Share In Electricity Generation In 2025

In 2025, wind and solar energy reached a record 17% of U.S. electricity generation, up from less than 1% in 2005. Together, they produced approximately 760,000 GWh, with notable growth in both utility-scale and small-scale solar installations. Despite this progress, 75% of electricity still comes from traditional sources like natural gas and coal.

Indonesia Accelerates Solar-Powered EV Push To Reduce Oil Dependence

Indonesia is actively promoting solar-powered electric vehicles (EVs) to reduce its reliance on imported oil amid fluctuating global prices. The government aims to build a sustainable transport sector using its solar potential and local battery production. Incentives are offered to boost EV adoption, despite challenges like initial costs and grid upgrades.

IN CONVERSATION

JinkoSolar’s Saudi Odyssey: Decades of Innovation and the Road to Vision 2030 – Robin Li, General Manager (MEA&CA)

As JinkoSolar celebrates its 20th Anniversary, how do you reflect on your growth journey in Saudi Arabia and the key milestones that strengthened your...

RenewX 2026: A Decade of Powering South India’s Green Revolution – Julian Thomas, Portfolio Director (Energy & Battery Industry – India), Informa Markets

Over the past decade, how has RenewX Expo reflected the evolving renewable energy market in South India and highlighted key trends for India and...

Rahul Kale of Sunpower Renewables on the Future of Hybrid Solar and Energy Storage

As the shift to cleaner energy intensifies, hybrid solar and energy storage technologies are essential for reliable power supply. Sunpower Renewables, led by Rahul Kale, focuses on innovative, customer-centric solutions. The company advocates for policies that support energy storage deployment while balancing domestic and international growth, emphasising efficiency and long-term value in the Indian market.

Beyond Inverters: Deye’s Integrated Solar, Storage & EV Vision for India’s Energy Future – Bharat Singh, Director – Sales Marketing (India & North Africa)

How do Deye’s newly launched on-grid inverters up to 136 kW support the growing C&I solar market in India? Deye’s revolutionised C&I solution was launched...

“Small Components Can Make a Big Impact”: Matthias Mack on Stäubli’s India Strategy

As India accelerates toward its ambitious 2030 renewable energy targets, strengthening domestic manufacturing has become a key pillar of the country’s clean energy strategy....

Hoymiles’ 360 MW Deal Redefines Microinverter Adoption in India – Vikrant Sarang, Regional Sales Manager, West & Central India

What does India’s biggest 360 MW microinverter deal with Kosol Energie indicate about the growing acceptance of microinverters in India? This milestone reflects not just...

UPCOMING EVENTS

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PUBLICATIONS

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Technology

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A solar fuse is an essential safety device for photovoltaic systems, protecting against overcurrent and short circuits in direct current circuits. It isolates faulty strings to prevent overheating and equipment damage. Proper fuse selection is critical, considering fuse rating, breaking capacity, and installation, to ensure reliable protection in high-voltage solar applications.

New 2D Materials Enable High-Efficiency Solar on Any Surface

Researchers at the Polytechnic University of Madrid are pioneering ultra-thin, two-dimensional solar cell materials through a novel technique called “hot-pick-up.” These lightweight, flexible cells enhance energy efficiency and can be integrated into urban environments. Simulations indicate they could meet 30% of a skyscraper's energy needs, revolutionising urban energy solutions.

Explained – How Solar Batteries Ensure Reliable And Continuous Power For Your Home

Solar batteries enhance the reliability of solar energy for homes by storing excess electricity generated during the day. They provide backup power during outages, promote energy independence, and optimize energy management through smart technology. Despite initial costs, their efficiency and environmental benefits make them an increasingly practical solution for sustainable energy.

Solar Tech Weekly: Sodium-Ion Battery Breakthrough; Hopewind Achieves Philippines Grid Compliance and More…

Recent innovations in energy storage technologies include a sodium-ion battery with improved capacity and the ability to desalinate seawater, promising a sustainable alternative to lithium-ion. Additionally, companies like GoodWe and Hopewind are enhancing energy management in regions like MENA and the Philippines, while smart plasma systems advance clean hydrogen production.

Breakthrough Sodium-Ion Battery Doubles Energy Capacity and Enables Seawater Desalination

Researchers at the University of Surrey have developed a sodium-ion battery that significantly enhances energy storage and introduces desalination. Using nanostructured sodium vanadate hydrate, the battery retains water to double capacity, charge faster, and withstand over 400 cycles, while also operating in seawater to purify water. This advancement offers potential for integrated energy-water solutions.

AUSTRALIA

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