FTC Solar faced a difficult start to 2026, reporting a first-quarter revenue of $17.3 million, reflecting significant declines. Despite challenges, the company anticipates improvement through new projects and a $543 million backlog. New CEO Anthony Carroll is expected to drive growth. The company aims for a 40% revenue increase by year-end.

EDP Renewables North America has secured a long-term power purchase agreement with Meta for the 250 MW Cypress Knee Solar project in Arkansas, increasing their clean energy partnership to 545 MW. The project aims to enhance regional grid capacity, create economic benefits, and generate $25 million in tax revenue while supporting Meta’s sustainability goals.

The Virginia State Corporation Commission upheld current compensation rates for rooftop solar customers against a proposal from Dominion Energy to reduce net energy metering rates. The decision ensures continued fair compensation for excess electricity sent to the grid, benefiting solar users and supporting grid reliability while fostering solar adoption in the state.

Alternus Clean Energy, Inc. has finalized agreements to acquire a renewable energy portfolio of over 80 MWp from a U.S. investment fund. Comprising 33 solar projects across eight states, the deal enhances geographical diversification and aims to boost the company's operational capacity to over 120 MWp by mid-2024, generating approximately $6.7 million annually.

Hoymiles successfully hosted its flagship StorageNext 2026 event on May 8, 2026, at Le Méridien, New Delhi, marking a significant milestone in advancing energy...

Gautam Solar has reported an impressive revenue of ₹4406 Cr for FY2025–26, achieving 4X growth from the previous year. This increase stems from rising demand for solar solutions, effective operations, and a strong order book. The company is committed to innovation and maintaining its leadership in the solar manufacturing sector.

The Global Energy Alliance has appointed Tanya Singhal to lead clean energy efforts in India, aimed at enhancing energy access and partnerships. Various key developments include Adani Green's new subsidiaries, Solex Energy's ₹4,000 crore solar project in Gujarat, and significant investments approved in Andhra Pradesh, boosting domestic renewable capacity.

Pace Digitek Limited has secured contracts worth ₹7,020 million from Damodar Valley Corporation for a 250 MW/500 MWh Battery Energy Storage System in Jharkhand. The project includes supply, engineering, installation, and 12 years of maintenance. This milestone enhances the company's presence in the energy storage sector and reflects its robust integrated business model.

The EBRD has initiated its first significant risk transfer transaction, “Mosaic,” with an investment operation of €1 billion aimed at enhancing private capital flow into emerging markets. By sharing credit risk with private investors, the Bank seeks to optimize its balance sheet, support sustainable infrastructure, and drive investments in various sectors across numerous economies.

Iberdrola has sold over 5 million megawatt hours of clean electricity in Italy through new long-term power purchase agreements with major industries. Supported by new photovoltaic capacity, these agreements aid in decarbonizing industrial processes and enhancing renewable energy in Italy. Iberdrola continues to expand its presence as a leading renewable energy provider.

The European Bank for Reconstruction and Development is loaning JOD 10 million to Aqaba Digital Hub to enhance Jordan's digital infrastructure, expanding its data center and establishing the Aqaba Digital Academy for ICT and cybersecurity training. This initiative aligns with the EU's digital strategy and aims to foster economic growth and connectivity.

The Democratic Republic of Congo is securing a financial stake in the $270 million Kalumbila-Kolwezi Interconnector Project with Zambia, aimed at addressing a 5,000 MW electricity shortage. The project will strengthen mining operations by providing reliable energy, enhance regional cooperation, and support the transition to renewable technologies crucial for electric vehicles and batteries.

The Zambian government and SunShare Energy have partnered to expand the Nambala Solar PV plant by 200 MW, increasing its capacity to 250 MW for US$246 million. This project aims to diversify Zambia's energy sources and enhance electricity stability, while creating jobs and positioning the country as a renewable energy hub in Southern Africa.

The government of São Tomé and Príncipe has secured international funding to transition to renewable energy, reducing reliance on imported fossil fuels. The initiative includes upgrading electricity infrastructure and developing solar and hydroelectric projects. This will enhance energy security, lower costs, and provide social benefits, though successful implementation will require ongoing cooperation.

Solar & Storage Zambia 2026, set for May 27, 2026, in Lusaka, is a key conference uniting energy stakeholders to advance solar and storage solutions in Zambia. With a focus on financing, grid integration, and community access, the event aims to address challenges and opportunities in enhancing the country's energy security and sustainability.

Mubadala Investment Company has acquired a minority stake in Power Factors, a software provider for the renewable energy sector. This investment aligns with Mubadala's commitment to clean energy and technology. Partnering with Vista Equity Partners, Mubadala aims to support Power Factors’ growth and enhance its role in the expanding climatetech industry.

Saeed Mohammed Al Tayer met with Aliaksei Zhaldybin to discuss renewable energy collaboration and sustainable development between Dubai and Belarus. They focused on enhancing bilateral relations and DEWA's role in Dubai's Clean Energy Strategy 2050, highlighting the Mohammed bin Rashid Al Maktoum Solar Park. DEWA aims for 100% clean energy by 2050.

Emirates Water and Electricity Company and Abu Dhabi Future Energy Company have agreed to expand renewable energy in the UAE, targeting 30 GW of solar power and 8 GW of battery storage by 2030. This initiative supports sustainability goals, reduces reliance on fossil fuels, and aims for net zero emissions by 2050, boosting the clean energy economy.

Nama Power and Water Procurement Company (PWP) has issued a tender to explore green hydrogen's potential for power generation in Oman. A techno-economic consultant will assess the feasibility of an Independent Power Project with 800-1,000 MW capacity. This initiative supports Oman's transition to cleaner energy and aims to reduce carbon emissions.

The Negros Occidental provincial government is advancing a renewable energy initiative expected to save nearly P1 billion in electricity costs over 25 years. The program involves installing solar power systems in government buildings to promote sustainability, reduce reliance on conventional energy, and enhance services. This aligns with the province’s "Green Negros" campaign and enhances energy security amid natural disasters.

TotalEnergies and MGen Renewable Energy have commenced construction of the North-1 solar project in the Philippines, aimed at generating 100 megawatts of renewable electricity. This initiative supports cleaner power generation, aligns with the Philippines' decarbonization goals, and is expected to boost local employment and energy security while reducing fossil fuel reliance.

Indonesia's sovereign wealth fund, Danantara, aims to accelerate the country's clean energy transition by reducing reliance on fossil fuels. Managing about USD 900 billion, it could reshape investment priorities towards renewable energy, enhancing energy security while supporting economic growth. Aligning with Indonesia's “Golden Vision 2045,” it seeks to promote sustainable industries.

Singapore will not provide subsidies for residential solar panel installations, as the government believes market conditions and technology advancements make solar energy attractive enough for homeowners. Minister Gan Siow Huang cited the reduction in installation costs and increased efficiency. The government will monitor solar adoption rates but has no plans for compulsory installations or tidal energy projects.