Thursday, May 21, 2026

SOFAR
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France-Africa Summit Unlocks Multi-Billion-Dollar Solar, Wind, and Hydropower Investments

Landscape with wind turbines, solar panels, hydroelectric dam, river, and rural buildings.
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During the France-Africa Summit in Nairobi, African nations secured over $11 billion in clean energy investments from global investors and major companies like TotalEnergies. The summit aimed to enhance economic and energy partnerships, focusing on renewable energy and infrastructure. However, concerns about high financing costs and investment risks were raised by African leaders.

AMERICAS

Wood Mackenzie Says The US Has Entered A New Era Of Soaring Electricity Demand Driven By Data Centres, Electrification And Manufacturing Reshoring

Electricity demand in the U.S. is surging due to data centers, electrification, and manufacturing resurgence. Host Ed Crooks discusses with Drew Maloney from the Edison Electric Institute the challenges this creates for market structures and regulatory frameworks. As prices rise, particularly in deregulated markets, solutions like on-site generation are debated. There’s optimism for modernizing the grid amidst these challenges.

Enel to Acquire 270 MW Solar Portfolio in the US to Expand Renewable Energy Presence

Enel has agreed to acquire a 270 MW solar portfolio in the US for around USD 140 million, enhancing its renewable energy presence in Virginia, North Carolina, and South Carolina. This acquisition marks Enel's strategic expansion, expected to generate 0.4 TWh of renewable electricity annually, significantly boosting cash flow and EBITDA.

NextEra Energy Announces All-Stock Merger Agreement With Dominion Energy To Create The World’s Largest Regulated Electric Utility

NextEra Energy, Inc. and Dominion Energy, Inc. plan to merge in an all-stock transaction, forming the world's largest regulated electric utility. The combined company will serve about 10 million customers across multiple states and maintain operational stability while investing in infrastructure to meet growing electricity demand. Shareholders will benefit from immediate earnings growth and financial commitments.

POWERCHINA Completes And Unveils Kajana And Guyaba Micro-grid Solar Sites With Suriname’s President Highlighting Major Progress In Rural Electrification

On May 3, President Jennifer Geerlings-Simons announced the operational launch of Kajana and Guyaba sites in Suriname's Micro-grid Solar Project II by POWERCHINA. This initiative aims to enhance energy access in remote areas, supporting 45 villages with sustainable electricity, while demonstrating effective collaboration between China and Suriname for regional development.
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INDIA AND SOUTH ASIA

Green Energy Stocks Trade Mixed As Investors Show Selective Buying Interest (20 May 2026)

On May 20, 2026, the green energy sector experienced mixed trading as investors engaged selectively with renewable and electric mobility stocks. While Insolation Energy and Reliance Industries showed gains, several renewable companies like Borosil Renewables and Adani Green experienced losses. The overall Indian market remained positive amid cautious investor sentiment.

FIMER Announces Strategic Partnership With Redington Solar To Strengthen Pan India Distributor Network

In a landmark move set to reshape solar inverter distribution across the Country, FIMER India Private Limited and Redington Solar -subsidiary of Redington Limited, have...

Solar Contractors Meet Goa 2026 to Welcome Hon’ble Minister Shri. Shripad Yesso Naik as Chief Guest

The Solar Contractors Meet Goa 2026, taking place on May 28, will feature Shri. Shripad Yesso Naik as Chief Guest, highlighting the emphasis on India’s renewable energy growth. This exclusive event aims to empower solar contractors through insights on technology, policy, and financing while fostering collaboration within the solar ecosystem.

New JMK Research–IEEFA Report Warns India’s 2030 Renewable Energy Targets Depend On Rapid Expansion Of Energy Storage

India aims for 500 gigawatts of renewable energy by 2030, relying on rapid deployment of energy storage systems. A report reveals a dramatic rise in tendered capacity, with standalone energy storage systems becoming predominant. Despite challenges in tariff viability and execution risks, the medium-term outlook is optimistic, pointing to diverse storage technologies for future needs.

EUROPE

Iberdrola Chairman Ignacio Galán Emphasises Electrification As Key To Europe’s Industrial Growth At The European Round Table For Industry Plenary In Gothenburg

Ignacio Galán, Executive Chairman of Iberdrola, participated in the European Round Table for Industry meeting in Gothenburg, highlighting electrification's role in achieving climate goals and enhancing industrial competitiveness. He called for increased investments in grid infrastructure, simpler regulations for renewable energy projects, and discussed the impact of AI on industrial transformation.

European Bank For Reconstruction And Development Highlights Bulgaria’s Plan To Source Nearly Half Its Electricity From Renewables By 2030 In New Green Future Video

The European Bank for Reconstruction and Development highlights Bulgaria's clean-energy transition, emphasizing the shift from coal to renewable sources. Investments totaling €673 million will modernize energy infrastructure, enhance storage capacities, and support new clean technologies. Collaboration with local agencies ensures a stable transition, fostering economic growth and environmental resilience.

EBRD Appoints Grzegorz Zielinski As Managing Director For South-Eastern Europe Effective 1 June 2026

The European Bank for Reconstruction and Development has appointed Grzegorz Zielinski as Managing Director for South-Eastern Europe, effective June 1, 2026. Zielinski, with nearly thirty years at EBRD, will focus on enhancing investments and policy reforms in the Western Balkans, Bulgaria, Romania, and Greece to drive sustainable growth and energy transition.

AFRICA

IFC and EDF Sign $40 Million Deal to Expand Off-Grid Solar Access Across Africa

The International Finance Corporation and EDF Power Solutions have secured a $40 million deal to enhance off-grid solar energy access in Africa, focusing on affordable pay-as-you-go systems. This initiative, part of the Mission 300 project, aims to provide electricity to 300 million people by 2030 and reduce reliance on fossil fuels.

Zimbabwe’s 100 MW Munyati Solar Plant Advances With Early Construction Works In Midlands Province

The 100 MW Munyati Solar Plant in Zimbabwe has begun site establishment, marking a significant step in renewable energy development. This public-private partnership aims to enhance the national grid with clean power, improve energy security, and support local industries in Kwekwe by providing a stable electricity supply, fostering economic growth and sustainability.

Mauritius Clean Energy Week 2026 to Spotlight the Island’s Next Wave of Solar, Storage & Smart Energy Growth This July  

Mauritius Clean Energy Week 2026, scheduled for July 8, 2026, in Quatre Bornes, will gather key stakeholders, including policymakers, utilities, and investors, to discuss innovations in the country’s shift towards cleaner energy. The event features forums on green finance, smart grids, sustainability, and electric mobility, alongside the Mauritius Clean Energy Leadership Awards.

Egypt Unveils “Industry Sun” Program To Boost Rooftop Solar Across Factories

Egypt is set to launch the "Industry Sun" program, a green energy initiative aimed at installing rooftop solar systems on approximately 7,000 factories, generating nearly 1,000 megawatts of solar power. This project will enhance clean energy use, lower operational costs, and position Egypt as a leader in sustainable manufacturing practices.

THE MIDDLE EAST

Sahaj Solar Partners With Clarion Investment LLC To Set Up 750 MW Solar Panel Manufacturing Facility In UAE

Sahaj Solar Limited has signed a Shareholders’ Agreement to create a joint venture, Sahaj Energy Solar Panels Manufacturing LLC, with Clarion Investment LLC. This venture will establish a 750 MW solar panel manufacturing facility in the UAE, with both companies holding equal stakes. There is no cross-shareholding or conflicts of interest.

DEWA Expands Dubai Power Network With New Substations And AED 8.5 Billion Infrastructure Plan

The Dubai Electricity and Water Authority (DEWA) has advanced its electricity transmission infrastructure by commissioning eight new 132kV and two 400kV substations in 2025, expanding the total to 394. This expansion aims to enhance reliability and meet rising demand due to urban growth. DEWA plans further projects worth AED 8.5 billion by 2028.

Wood Mackenzie Says Middle East Conflict Creating New Pressures And Opportunities For Global Renewables

The ongoing Middle East conflict is reshaping global energy markets, prompting countries to accelerate investments in renewable energy amid rising fossil fuel prices. While short-term disruptions favor coal in some regions, the long-term focus remains on zero-carbon solutions. Higher costs impact energy projects, yet may bolster governmental support for renewables.

VNT Accelerates Global Solar Growth with Strong Saudi Expansion and ~4 GW in NewOrder Wins

Vrinda Nano Technologies Pvt. Ltd. (VNT) is expanding in Saudi Arabia's solar market, having delivered over 5 GW of projects in the Middle East. With new orders amounting to approximately 4 GW by 2026, VNT showcases its engineering prowess and commitment to sustainability while exploring growth opportunities in Europe, the Americas, and Australia.

SOUTH EAST ASIA

Alsons Power Converts 55 MW Diesel Plant Into 98.7 MW Solar Project In the Philippines

Alsons Power is transitioning its 55-megawatt diesel plant in Alabel, Sarangani, to a 98.7-megawatt solar project, starting in 2026. This initiative features a 45-megawatt initial phase partnership with Sinohydro and POWERCHINA, aiming to support cleaner energy goals and increase power availability in Mindanao while reducing diesel reliance.

Solarvest Holdings Berhad Reports 53.7% Profit Growth In FY2026 With Record Revenue And Expanding Solar Pipeline

Solarvest Holdings Berhad has achieved remarkable financial growth for the fiscal year ending 2026, with a net profit of RM79.8 million and a 41% revenue increase to RM757.1 million. The company's expansion has led to a gross profit margin of 28.3%. With a strong project pipeline and focus on renewable energy, Solarvest is well-positioned for future growth.

Tenaga Nasional Berhad Launches 100 MW/400 MWh Santong Battery Storage Project In Malaysia

Tenaga Nasional Berhad has inaugurated the 100MW/400MWh Santong Battery Energy Storage System in Dungun, Terengganu, to enhance grid stability and renewable energy integration. This project supports Malaysia's energy transition roadmap, which aims for 70% renewable capacity by 2050 and includes future BESS developments. It will help balance electricity supply and demand fluctuations.

EVNGENCO1 Proposes 270 MW Floating Solar Projects In Vietnam’s Lam Dong Province

Power Generation Corporation 1 (EVNGENCO1) proposed three floating solar power projects in Vietnam's Lam Dong Province. With a total capacity of nearly 270 MW and an investment of around 4,400 billion VND, these projects aim to harness existing hydropower reservoirs, promote green energy, and boost local economic growth while reducing emissions.

FROM ACROSS THE GLOBE

Zimbabwe’s 100 MW Munyati Solar Plant Advances With Early Construction Works In Midlands Province

The 100 MW Munyati Solar Plant in Zimbabwe has begun site establishment, marking a significant step in renewable energy development. This public-private partnership aims to enhance the national grid with clean power, improve energy security, and support local industries in Kwekwe by providing a stable electricity supply, fostering economic growth and sustainability.

New JMK Research–IEEFA Report Warns India’s 2030 Renewable Energy Targets Depend On Rapid Expansion Of Energy Storage

India aims for 500 gigawatts of renewable energy by 2030, relying on rapid deployment of energy storage systems. A report reveals a dramatic rise in tendered capacity, with standalone energy storage systems becoming predominant. Despite challenges in tariff viability and execution risks, the medium-term outlook is optimistic, pointing to diverse storage technologies for future needs.

ACME Solar Holdings Limited Subsidiary Receives ICRA-A (Stable) Rating for ₹800 Crore Term Loan

ACME Solar Holdings Limited announced that ICRA Limited has assigned a credit rating of “[ICRA]A-(Stable)” to its subsidiary, ACME Platinum Urja Private Limited, for its Rs. 800 crore long-term loan facilities. This voluntary disclosure emphasizes the company's commitment to transparency in its financial status and funding of renewable energy projects.

EBRD Appoints Grzegorz Zielinski As Managing Director For South-Eastern Europe Effective 1 June 2026

The European Bank for Reconstruction and Development has appointed Grzegorz Zielinski as Managing Director for South-Eastern Europe, effective June 1, 2026. Zielinski, with nearly thirty years at EBRD, will focus on enhancing investments and policy reforms in the Western Balkans, Bulgaria, Romania, and Greece to drive sustainable growth and energy transition.

INSIGHTS

India’s Power Distribution Sector Shows Recovery, But Privatization Seen As Key To Long-Term Stability—SBICAPS Report

India's power sector is expanding, particularly in renewable and thermal energy. While operational improvements in DISCOMs have reduced AT&C losses and narrowed the ACS-ARR gap, challenges persist, especially in eastern states. The report advocates for privatization to enhance efficiency, citing positive outcomes in states with private participation, among other reforms.

Solar Power Set To Overtake Coal Generation In Texas ERCOT Grid By 2026 – EIA

Electricity generation from solar energy in Texas is set to exceed coal-fired generation for the first time in 2026, according to forecasts. Solar power's contribution to ERCOT's electricity mix has grown from 4% to 12% from 2021 to 2025, while coal's share has declined. Texas is also leading in national solar capacity expansion.

Central Electricity Authority Report Warns Of Rising Financial Stress In India’s Power Distribution Sector

A report by the Central Electricity Authority reveals a significant financial imbalance in India's power distribution sector, where DISCOMs face high fixed costs but low fixed charges from consumers. This gap forces utilities to recover costs through variable charges, leading to financial risks. The CEA proposes a five-year plan to gradually improve fixed cost recovery, enhance tariff structures, and ensure sustainable electricity services.

Hybrid Solar And Wind Systems With Battery Storage Redefine Reliable Clean Energy Supply—Report

Solar and wind energy have become the cheapest electricity sources globally, yet stability during low sunlight or wind remains a challenge. IRENA's report discusses solutions like advanced battery storage and hybrid systems, introducing "firming costs" for continuous renewable energy. Innovative projects demonstrate cost competitiveness with fossil fuels, emphasizing the need for supportive policies to enhance adoption.

IN CONVERSATION

Beyond the Box: Deye’s AI-Driven Evolution in the Indian Solar Landscape – Bharat Singh, Director – Sales & Marketing(India and North Africa)

Can you walk us through Deye’s current solar PV inverter portfolio for the Indian market and highlight what differentiates your products from competitors? Deye offers...

Egypt and North Africa: At the Heart of the Solar Revolution – Hossam Hassan, Sr. Sales Manager North Africa

1. From your perspective, what makes North Africa and Egypt a strategic region for solar energy, and what major trends are currently driving growth...

Tiger Neo 3.0 is Not Just an Upgrade, It’s a New Standard for West Africa – Esther Eyenobong (Sales Manager – West Africa) on...

At the Jinko ESS product launch in Nigeria in November 2025, Jinko Solar introduced its flagship N-type innovation, the Tiger Neo 3.0. Sales Manager...

Driving Solar Efficiency: AI-Powered Monitoring and Affordable SCADA Solutions – Ashok D M,  Founder, CEO & MD EnerMAN Technologies Pvt Ltd

EnerMAN Technologies offers IoT-based AI/ML SCADA solutions; what key innovations define your latest solar monitoring products? EnerMAN IoT SCADA (ETi-SOL), a web and mobile application...

Gokin Solar Strengthens Middle East Presence with High-Performance TOPCon Solutions – Hasan Alkarawi, Regional Manager

In this exclusive interaction, Mr. Hasan Alkarawi, Regional Manager at Gokin Solar, shares insights into the company’s rapid growth in the Middle East, its...

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...
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UPCOMING EVENTS

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Technology

Explained – Heatwaves Vs. Solar Efficiency: Understanding The Impact Of Peak Summer Temperatures On Solar PV Plant Performance

Heatwaves are increasingly impacting solar photovoltaic (PV) performance, leading to efficiency losses due to elevated temperatures. While hotter weather seems beneficial for solar energy generation, it actually decreases electrical efficiency as temperatures exceed optimal conditions. Solutions such as advanced module technology, improved maintenance practices, and energy storage integration are essential to mitigate these effects.

Explained: Improper String Sizing In Solar PV Systems And Its Impact On Overall Efficiency

Improper string sizing in solar photovoltaic systems can lead to significant energy losses, reduced performance, and reliability issues. Voltage mismatch, energy harvesting inefficiency, and mismatch loss among strings can all occur if string length is not carefully calculated. Considering environmental conditions and using proper design practices are crucial for optimal performance.

Weekly Tech Newsletter: Innovations Shaping the Future of Renewable Energy

The increasing integration of renewable energy presents challenges in managing grid stability and curtailment. Solutions like energy storage, smart control technologies for EV charging, and innovative hydrogen production methods are being developed to enhance efficiency and flexibility. Initiatives such as containerised energy storage and monitoring for floating solar systems aim to optimise performance and reliability.

Explained – The Technical Reality of Renewable Energy Curtailment and Grid Balancing Challenges

India's rapidly growing renewable energy sector faces challenges due to inadequate transmission and grid infrastructure. Recent curtailment incidents, such as ReNew’s scaling back generation, highlight the issue of balancing variable renewable output with demand. Solutions involve modernising the grid, enhancing transmission capacity, and incorporating energy storage and forecasting technologies.

Intelligent Control Technology Could Transform Solar-Powered EV Charging

Researchers at the National University of Singapore have developed a coordinated control method for ultra-fast EV charging powered by solar energy, eliminating the need for battery storage systems. This approach addresses the challenges of balancing solar generation, EV demand, and grid stability, potentially reducing installation costs for charging infrastructure by up to 10%.

AUSTRALIA

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Find Most Read Solar Content

Beyond the Box: Deye’s AI-Driven Evolution in the Indian Solar Landscape – Bharat Singh, Director – Sales & Marketing(India and North Africa)

Can you walk us through Deye’s current solar PV inverter portfolio for the Indian market and highlight what differentiates your products from competitors? Deye offers...

CEA Finalizes Standard Transformer Specifications To Improve Power Distribution Efficiency Across India

The Central Electricity Authority and the All India Discoms Association have established technical specifications for single-phase and three-phase CRGO core distribution transformers to enhance efficiency in India's electricity distribution. The standards aim to standardize procurement, reduce technical losses, and ensure quality, ultimately improving reliability and operational life in the power sector.

Weekly Tech Newsletter: Innovations Shaping the Future of Renewable Energy

The increasing integration of renewable energy presents challenges in managing grid stability and curtailment. Solutions like energy storage, smart control technologies for EV charging, and innovative hydrogen production methods are being developed to enhance efficiency and flexibility. Initiatives such as containerised energy storage and monitoring for floating solar systems aim to optimise performance and reliability.