WEEN E&S

The Spanish renewable energy producer significantly increased its investments and revenue while achieving more than half of its asset rotation target for the 2025–2027 period.
Octopus Energy joins a global initiative to accelerate renewable energy deployment in Africa, committing $450mn through its Power Africa programme to supply electricity to more than one million people.

Snowy Hydro signs 225 MW in 15-year wind and battery contracts

Australian energy provider Snowy Hydro has secured long-term agreements with Aula Energy and TagEnergy, adding 120 MW of wind power and 105 MW of battery storage to its national portfolio.
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Chinese manufacturer EVE Energy has signed a three-year memorandum of understanding with Sweden’s Vimab BESS AB to supply batteries and energy storage solutions in Northern Europe.
Huawei's full-lifecycle battery safety rating system has been officially validated by a national technical committee, marking a key milestone for large-scale energy storage deployment.

Equinix secures 500 MWe nuclear supply from Stellaria for AI data centres

Equinix has signed a strategic agreement with French start-up Stellaria to reserve 500 MWe of advanced nuclear capacity to power its future European AI data centres starting in 2035.
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Three photovoltaic plants will receive financing structured by the European Bank for Reconstruction and Development to strengthen Romania's electricity capacity and attract private capital to the sector.
Faced with a climate- and geopolitically-constrained winter, Beijing announces expected record demand for electricity and gas, placing coal, LNG and UHV grids at the centre of a national energy stress test.

OPEC+ maintains output freeze for 2026 and opens quota battle for 2027

Faced with oversupply risks and Russian sanctions, OPEC+ stabilises volumes while preparing a structural redistribution of quotas by 2027, intensifying tensions between producers with unequal capacities.
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The Iraqi government and Kurdish authorities have launched an investigation into the drone attack targeting the Khor Mor gas field, which halted production and caused widespread electricity outages.
Bishkek plans to host a RITM-200N small modular reactor supplied by Rosatom to address electricity shortages and deepen energy ties with Moscow, despite the risks posed by Western sanctions.

UK locks in oil windfall until 2030 with 78% tax pressure

The United Kingdom is replacing its exceptional tax with a permanent price mechanism, maintaining one of the world’s highest fiscal pressures and reshaping the North Sea’s investment attractiveness for oil and gas operators.
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Loiret Energie and Terres d’Energie Développement will invest €15mn in a 31.5-hectare agrivoltaic farm in La Ferté Saint-Aubin, combining electricity production and organic cattle farming.
Waga Energy has secured $180mn in senior debt over four years to develop its biomethane project portfolio at landfill sites in the United States.

Pakistan becomes structural fuel oil exporter, disrupting Asian market balance

Pakistan confirms its exit from domestic fuel oil with over 1.4 Mt exported in 2025, transforming its refineries into export platforms as Asia faces a structural surplus of high- and low-sulphur fuel oil.
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PetroChina internalises three major gas storage sites through two joint ventures with PipeChina, representing 11 Gm³ of capacity, in a CNY40.02bn ($5.43bn) deal consolidating control over its domestic gas network.
The FAST project enters its engineering phase in Japan, mobilising an industrial consortium led by Starlight Engine and Kyoto Fusioneering to establish a public-private fusion sector based on the deuterium-tritium cycle.

Canadian Solar Infrastructure Fund acquires non-FIT solar asset for ¥253.5mn

Canadian Solar Infrastructure Fund makes its first acquisition outside the FIT scheme with a 1.1 MW solar plant in Tsukuba, valued at ¥253.5mn ($1.7mn), under a corporate PPA agreement.
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Brasília links a major tax fraud investigation to talks with Washington, combining demands for financial transparency with negotiations over U.S. access to Brazilian rare earths.
Ahead of Thanksgiving, average gasoline prices in the US remain close to 2024 levels, supported by falling crude prices, despite a significant increase in expected road traffic.
Entech and Primeo Energie create Primtech Batteries to develop battery electricity storage projects in France and the European Union, targeting 100 MW installed by 2029.
Three New York public high schools are introducing a new energy storage module this year, through a partnership between NineDot Energy and Solar One aimed at preparing students for careers in distributed energy.

Nuvve invests $10mn in three energy storage projects in Denmark

Nuvve Holding Corp. plans three 2MW battery installations in Eastern Zealand to strengthen the Danish grid and optimise revenues through its proprietary software platform.
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HS Hyosung partners with Umicore to produce silicon anodes, a key material for next-generation batteries, through a €120 mn investment to strengthen its position in energy storage.
LG Energy Solution partners with South 8 Technologies to develop lithium-ion batteries capable of operating at -60 °C, strengthening its position in the space sector alongside KULR Technology Group and NASA.

Masdar launches Uzbekistan’s largest battery energy storage project

Masdar commits to developing a 300MW/600MWh battery storage system in Uzbekistan, marking a major step in modernising the national grid and securing investments in renewable energy.
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Jabil and Inno will co-develop a 15,000 sqm plant in Rayong, Thailand, to manufacture metal enclosures for battery energy storage systems, aiming to enhance vertical integration and secure supply chains.
Adani Group launches a 1126 MW project in Khavda, marking its first entry into energy storage, with one of the largest BESS systems ever built at a single site.

Kuwait in talks for 1.5 GW battery storage to ease grid pressure

Kuwait is preparing a battery storage project with a capacity of up to 6 GWh to stabilise its power grid and address rising electricity demand.
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Quino Energy secures $16mn in funding to scale global production of its organic electrolytes, with strategic support from investor Atri Energy Transition.
China's Envision Energy will supply a 680MW battery storage system to UK-based Statera Energy as part of the Carrington project, one of the largest in the country to reach financial close.

Girasol Energy launches grid-scale storage aggregation with two projects in Japan

Girasol Energy begins grid-scale battery aggregation with two facilities totalling 4MW in Japan, marking a strategic expansion into balancing markets.
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Driven by the recovery in the raw materials market, CBAK Energy posted a sharp rise in revenue in the third quarter, while its battery business enters a complex industrial transition.
Daiwa Energy & Infrastructure, Fuyo General Lease and Astmax have commissioned a 50MW/100MWh battery storage station in Sapporo, marking their entry into Japan’s large-scale energy storage market.

Sonnedix launches 125MWh storage project at its Oita solar plant

Sonnedix has started construction on a 125MWh battery storage system at its 30MWAC Oita solar site, with commercial operation planned for November 2026 and a JPY21.4bn ($142mn) financing secured.
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Tamagawa Energy has completed the acquisition of a 2MW/8MWh battery site in Kagoshima for JPY690mn ($4.57mn), marking its entry into grid-scale storage.
Tokyo Asset Solution invests in two storage projects, including a standalone site in the Japanese capital, marking its entry into the large-scale sector with national and international partners.

LEAG and Fluence launch Europe’s largest electricity storage project in Germany

LEAG Clean Power and Fluence Energy will build a 4 GWh battery energy storage system in Germany, marking a major step in the industrialisation of storage capacity at a European scale.
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Plus Power secured $160mn in tax equity investments from Morgan Stanley to fund two battery storage facilities in Massachusetts and Maine, the largest ever developed in New England.
Chinese manufacturer Pylontech strengthens its international investment strategy by launching a local entity in Australia to accelerate the deployment of its energy storage solutions.