Markets

Some of the consequences of the blackout include a 589% increase in installed BESS capacity in Spain between April 2025 and April 2026, the introduction of renewable participation in voltage control, a greater role for gas in the generation mix, and continued progress on interconnections.

Solar Energy Corporation of India has invited proposals to set up interstate transmission system (ISTS)-connected renewable energy projects for assured peak power supply of 1,500 MWh (500 MW for three hours) under a contract-for-difference (CfD) mechanism.

For years, the battery energy storage (BESS) story has followed a familiar script: costs fall, deployment accelerates, economics improve. Even when cell costs rose and system prices briefly flattened during the 2021-22 lithium price spike, the narrative largely held. Paola Perez Peña, senior principal analyst at S&P Global Energy, examines why the latest jump in lithium prices has only had limited impacts on overall BESS costs so far.

New federal data shows solar and battery assets will comprise nearly 80% of all new utility-scale power additions planned for the U.S. electric grid this year.

Beijing has introduced a stricter national carbon evaluation system that formally holds provincial governments accountable for emissions reduction and energy transition targets.

CATL has completed a roughly $5 billion share sale in Hong Kong on Tuesday. Meanwhile, Chinese inverter and battery manufacturing giant Sungrow is making a second attempt at an IPO after its initial listing bid, launched in October 2025, lapsed.

BPDB has launched a tender for 495 MW of grid-tied solar power projects across 10 sites in Bangladesh, with capacities ranging from 25–100 MW and full private investment required. The bid structure, which places land acquisition and financing risks on developers, has drawn investor concerns over bankability and limited project attractiveness.

Cox has acquired Iberdrola México for $4 billion, adding 2,600 MW of capacity and becoming Mexico’s largest private power supplier with a 12 GW renewable project pipeline.

China’s first large-scale salt cavern hydrogen storage demonstration project has been commissioned in Henan province. The 1.5 million m³ facility validates geological hydrogen storage technology and supports renewable energy integration.

Supported by Toshiba, Bulgarian utility NEK is working to restart its 864 MW Chaira pumped-storage hydropower plant, the largest of its kind in Southeastern Europe. The facility has been offline since March 2022 following a turbine failure.