Wednesday, May 13, 2026

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Asian Development Bank Unveils $50 Billion Plan To Build Cross-Border Power Grids Across Asia And The Pacific By 2035

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The Asian Development Bank aims to mobilize $50 billion by 2035 for cross-border power grid projects in Asia and the Pacific. This initiative, enhancing regional connectivity, focuses on integrating renewable energy, expanding transmission networks, and improving electricity access for 200 million people, while supporting economic resilience and job creation.

AMERICAS

SolarEdge Technologies Reports Q1 2026 Results With $310.5 Million Revenue And 46% Year-On-Year Growth Momentum

SolarEdge Technologies reported Q1 2026 financial results, showing 46% year-over-year revenue growth, totaling $310.5 million, despite a 7.4% quarter-over-quarter decline. The company achieved profit improvements, with expectations of near break-even operating profitability by mid-Q2. SolarEdge is focusing on its Nexis platform and AI-based energy solutions.

DP World Commissions 5.1 MW Solar Plant at Dominican Republic Logistics Hub to Advance Decarbonization Goals

DP World has launched a solar power facility at its logistics hub in the Dominican Republic, aiming to cut carbon emissions and enhance sustainable logistics. The 5,120 kW installation is projected to lower annual emissions by over 3,500 tons, supply 10% of the terminal's electricity, and reduce fossil fuel dependency by nearly 15%.

Ameren Missouri Urges Customers To Apply For LIHEAP As May 31 Energy Assistance Deadline Approaches

Ameren Missouri encourages customers to utilize various energy assistance programs to manage rising utility costs, particularly through LIHEAP before the May 31 deadline. The company offers year-round support and collaborates with community agencies to assist families in navigating applications. Programs include financial aid, bill credits, and home weatherization to alleviate energy insecurity.

FTC Solar Posts Q1 Revenue Drop, Appoints New CEO Amid Growth Outlook

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.
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INDIA AND SOUTH ASIA

Uttar Pradesh’s Clean Energy Transformation Gains Strong Industry Momentum: Uttar Pradesh Energy Expo 2026 Concludes Successfully in Lucknow   

Uttar Pradesh Energy Expo 2026 successfully brought together over 10,000 stakeholders from the solar, EV, storage, and smart energy sectors. Held from May 07 to 09 in Lucknow, it focused on policy dialogue, technology showcases, and networking. The Expo emphasized Uttar Pradesh's growing role in India's clean energy transition and showcased significant advancements across various energy sectors.

Green Energy Stocks Witness Sharp Decline Amid Weak Market Sentiment (12 May 2026)

On May 12, 2026, Indian green energy stocks fell broadly amid overall market weakness, with S&P BSE SENSEX and NIFTY 50 declining by 1.9% and 1.8% respectively. Borosil Renewables was the only gainer, while JSW Energy and Adani Green Energy faced significant losses. Experts attribute the downturn to profit booking and global uncertainties.

Tata Communications Takes 26% Stake in CleanMax SPV for Solar-Wind Net-Zero Strategy

Tata Communications Limited has acquired a 26% equity stake in Clean Max Yuhdul Private Limited, a renewable energy SPV, as part of its sustainability strategy. This investment aims to shift energy procurement from conventional sources to renewable energy, focusing on solar and wind projects to meet internal energy needs and support carbon reduction goals.

Tata Power And Bhutan’s DGPC Expand Clean Energy Partnership With Addition Of 404 MW Nyera Amari I & II Hydropower Project

Tata Power and Bhutan's Druk Green Power Corporation have enhanced their clean energy collaboration by identifying the 404 MW Nyera Amari I & II Hydropower Project. This expansion increases their total capacity to 5,033 MW, supporting Bhutan's energy goals and regional stability. The partnership highlights Bhutan's aim for economic transformation and clean energy leadership.

EUROPE

Greenvolt Next Completes 2.2MWp Solar Farm At Astellas Damastown Facility In Dublin To Boost On-Site Renewable Energy

Greenvolt Next has successfully completed a 2.2 MWp solar farm at Astellas' Dublin facility, enhancing renewable energy use in industrial operations. This project, consisting of 3,192 solar panels, reduces annual carbon emissions by approximately 310 tonnes and strengthens energy predictability. It's designed for future expansion and supports Astellas' sustainability goals.

EU Selects 1.1 GW Hydrogen Projects Across Seven Countries to Boost Clean Energy Transition and Reduce Industrial Emissions

The European Commission allocated approximately €1.09 billion to fund nine hydrogen production projects across seven countries through the European Hydrogen Bank auction. These projects aim to produce over 1.3 million tonnes of renewable hydrogen, avoiding around 9 million tonnes of CO2 emissions, while enhancing Europe's energy competitiveness and industrial decarbonisation.

Barbara Flesche Of Statkraft Europe Elected President Of SolarPower Europe, Succeeding Aristotelis Chantavas

Barbara Flesche has been appointed President of SolarPower Europe, succeeding Aristotelis Chantavas. Her leadership comes as the sector expands amidst energy security concerns. Flesche emphasized solar and battery storage as key assets for Europe’s energy future. Two Vice Presidents were also confirmed, enhancing the Board's expertise to advance SolarPower Europe’s mission by 2030.

AFRICA

Mingyang Plans 8.4 GW Renewable Energy Investment Pipeline in Ethiopia Under New Deal

Mingyang Smart Energy Group plans to invest in an 8.4 GW renewable energy project portfolio in Ethiopia, a significant clean energy commitment. This multi-project initiative will include wind, solar, and components like green hydrogen production, aiming to establish Ethiopia as a regional renewable energy hub while enhancing its energy exports and domestic capacity.

Zambia Commissions 136 MW Itimpi Phase II Solar Project in Kitwe, Powered by Sungrow Power Supply Co. and Developed by Copperbelt Energy Corporation Plc

Zambia has launched its largest solar project, the 136 MW Itimpi Phase II plant, aimed at diversifying its electricity supply dominated by hydropower. Officially operational since April 30, 2026, the facility enhances grid reliability and energy security while integrating advanced technology to withstand local conditions, marking a significant step toward clean energy expansion.

Mauritania And Mali Sign Key Contracts For Cross-Border Power Interconnection Project

Mauritania and Mali have signed contracts for a high-voltage electricity interconnection project, enhancing energy cooperation. The initiative includes a 184-kilometer transmission line and 100 MW of solar capacity, expected to improve regional energy security and access for 100,000 households. Financial backing is from several international institutions.

Egypt’s Solar PV Capacity Set To Surge To 34.3 GW By 2035 – Report

Egypt is advancing towards a cleaner energy future, focusing on solar power which is projected to rise from 2.9 GW in 2025 to 34.3 GW by 2035. Total renewable capacity is expected to reach 49.7 GW, supported by regulatory reforms and investments. Nuclear energy and battery storage also play crucial roles in enhancing energy stability and security.

THE MIDDLE EAST

ACWA Power Reports Strong Q1 2026 Growth With SAR 455 Billion Assets Under Management

ACWA Power reported strong Q1 2026 financial and operational performance, with total assets at SAR 455 billion. The company made significant progress in renewable energy and green hydrogen projects, leading to stable net profit growth. ACWA Power focuses on sustainability, innovation, and expanding its global presence under Saudi Arabia’s Vision 2030 program.

Sony Group Corporation Installs Solar Power System At Dubai Regional Headquarters

Sony has installed a 391.2kWp solar power system at its Jafza headquarters in Dubai, aiming to offset 40% of its energy use and reduce carbon emissions by 235 metric tonnes annually. This initiative is part of Sony's "Road to Zero" program, striving for a complete environmental footprint elimination by 2050.

ACWA Power Secures USD 226 Million International Financing to Accelerate Uzbekistan’s Renewable Energy and Energy Transition Goals

ACWA Power has secured USD 226 million in financing for the Bash II 300 MW Wind Farm project in Uzbekistan, signed during the ADB's 2026 Annual Meeting. Funded by ADB, AIIB, and Standard Chartered, it aims to enhance renewable energy capacity, supplying power to over 336,000 households while reducing CO2 emissions.

Mubadala Acquires Minority Stake In Renewable Energy Software Firm Power Factors

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.

SOUTH EAST ASIA

Vietnam Strengthens Power Security With Renewables, BESS, And Grid Expansion Ahead Of 2026 Dry Season

Vietnam is proactively addressing potential electricity shortages for the 2026 dry season due to rising demand and global fuel challenges. To enhance energy security, the government is promoting renewable energy, rooftop solar systems, and battery storage initiatives, while also accelerating power infrastructure projects and targeting a reduction in national electricity consumption.

AFRY Appointed Owner’s Engineer For 36 MWp Solar And BESS Project In Malaysia

AFRY has been appointed as the Owner’s Engineer for a 36 MWp solar photovoltaic plant with a Battery Energy Storage System in Sepang, Malaysia, developed by Cypark Resources Berhad. This project supports Malaysia’s clean energy transition by enhancing grid stability and operational efficiency, while promoting international collaboration in renewable energy technologies.

Dutch Lady Milk Industries Berhad Signs 15-Year Solar PPA with Pekat Group Berhad to Offset 24% of Manufacturing Facility Power Consumption

Dutch Lady Milk Industries has signed a long-term Power Purchase Agreement with Pekat Solar to install a rooftop solar system at its Enstek facility in Malaysia. This initiative aims to enhance renewable energy use, improve cost predictability, and reduce emissions, aligning with broader sustainability goals and Malaysia’s energy transition roadmap.

PLN Launches Smart & Green Building Program to Modernize Energy Management Across Indonesia

PT PLN (Persero) launched its Smart & Green Building program to enhance energy management and sustainability in Indonesia. This initiative features rooftop solar systems, IoT-enabled air conditioning, and digital energy management. PLN aims to transform into an Energy Digital Platform, fostering a two-way energy ecosystem, with plans to implement the program across multiple buildings by 2035.

FROM ACROSS THE GLOBE

ACWA Power Reports Strong Q1 2026 Growth With SAR 455 Billion Assets Under Management

ACWA Power reported strong Q1 2026 financial and operational performance, with total assets at SAR 455 billion. The company made significant progress in renewable energy and green hydrogen projects, leading to stable net profit growth. ACWA Power focuses on sustainability, innovation, and expanding its global presence under Saudi Arabia’s Vision 2030 program.

Zambia Commissions 136 MW Itimpi Phase II Solar Project in Kitwe, Powered by Sungrow Power Supply Co. and Developed by Copperbelt Energy Corporation Plc

Zambia has launched its largest solar project, the 136 MW Itimpi Phase II plant, aimed at diversifying its electricity supply dominated by hydropower. Officially operational since April 30, 2026, the facility enhances grid reliability and energy security while integrating advanced technology to withstand local conditions, marking a significant step toward clean energy expansion.

BayWa r.e. Signs Eight-Year Contract To Operate Major 137 MW Alfeld Battery Storage System In Germany With Scale Fund

BayWa r.e. has signed an eight-year service agreement with the Scale Fund for the Alfeld battery energy storage system in Germany, which aims to be the nation’s largest with a capacity of 137 MW. This marks BayWa r.e.’s expansion into standalone battery asset management, crucial for grid stability amid rising renewable energy sources.

Sony Group Corporation Installs Solar Power System At Dubai Regional Headquarters

Sony has installed a 391.2kWp solar power system at its Jafza headquarters in Dubai, aiming to offset 40% of its energy use and reduce carbon emissions by 235 metric tonnes annually. This initiative is part of Sony's "Road to Zero" program, striving for a complete environmental footprint elimination by 2050.

INSIGHTS

Vietnam Strengthens Power Security With Renewables, BESS, And Grid Expansion Ahead Of 2026 Dry Season

Vietnam is proactively addressing potential electricity shortages for the 2026 dry season due to rising demand and global fuel challenges. To enhance energy security, the government is promoting renewable energy, rooftop solar systems, and battery storage initiatives, while also accelerating power infrastructure projects and targeting a reduction in national electricity consumption.

Egypt’s Solar PV Capacity Set To Surge To 34.3 GW By 2035 – Report

Egypt is advancing towards a cleaner energy future, focusing on solar power which is projected to rise from 2.9 GW in 2025 to 34.3 GW by 2035. Total renewable capacity is expected to reach 49.7 GW, supported by regulatory reforms and investments. Nuclear energy and battery storage also play crucial roles in enhancing energy stability and security.

India’s State-Owned Energy Firms Can Accelerate Clean Energy Shift Through Strategic Capital Reallocation: Report

India's state-owned energy enterprises are urged to enhance national energy security by shifting investments from fossil fuels to renewable energy, according to the International Institute for Sustainable Development. The report reveals that while ₹2.6 trillion was spent in FY 2025, only ₹0.3 trillion targeted clean energy, advocating for a strategic investment rebalancing to support India's net-zero goals.

Indonesia’s Danantara Fund Positioned To Drive Clean Energy And Green Investment Growth

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.

IN CONVERSATION

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...

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...
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Technology

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%.

New Chip-Based Electrochemical Technology Could Fast-Track Clean Fuel and Hydrogen Development

Researchers from the University of Surrey have developed a breakthrough "lab-on-a-chip" electrochemical platform that enhances the efficiency of renewable-powered carbon conversion technologies. This innovation enables real-time monitoring and AI analysis of chemical processes, aiming to convert CO₂ into valuable fuels and chemicals, significantly contributing to clean energy advancements.

Explained – Degradation Uncertainty In Floating Solar PV Systems: Key Challenges And Performance Risks

Floating solar photovoltaic (FPV) systems are increasingly popular but face significant degradation uncertainty due to their unique operating environment. Factors such as high humidity, thermal cycling, biofouling, mechanical stress from water movements, and soiling patterns complicate performance predictions. Enhanced monitoring and tailored solutions are crucial for long-term efficiency and reliability.

A Modular AI-Digital Twin Framework for Advanced Nuclear Operations

Researchers at Texas A&M University have created AROMA-GPT, an AI-enhanced monitoring framework for advanced nuclear reactors. This system integrates generative pre-trained transformers with digital twins, facilitating real-time decision support, contextualising sensor data, and ensuring reliability. Its modular design allows adaptability across various reactor types and has potential applications in broader energy systems.

AUSTRALIA

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

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Mubadala Acquires Minority Stake In Renewable Energy Software Firm Power Factors

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.