Markets

TotalEnergies and Philippines-based developer Nextnorth have started construction of a 440 MWp solar plant in Isabela province after reaching financial close on $300 million of international bank financing.

Bangladesh’s solar capacity is forecast to increase more than sixfold over the next decade, driven by a shift from off-grid rural deployment toward grid-connected and distributed generation, according to a new GlobalData report.

M Energy d.o.o. has signed a grid-connection agreement with Montenegro’s transmission operator for a 385 MW solar project, which would be the largest in a country with around 30 MW of installed PV capacity.

Escalating Middle East tensions and global energy supply risks are accelerating Europe’s shift toward solar and storage, particularly in commercial, industrial, and utility-scale segments where energy security, resilience, and price stability are becoming central investment drivers. At the same time, expanding manufacturing capacity in China and India is redirecting surplus solar and storage supply toward Europe, creating a highly competitive and increasingly selective market where long-term success depends on quality, reliability, ESG alignment, and strategic market positioning.

California is asserting state authority to revive the $700 million Soda Mountain project, marking a new era where Sacramento can reclaim authority from local counties to force stalled utility-scale solar and storage across the finish line.

The Italian authorities have dentified seven Trentino-based photovoltaic companies, controlled by an unspecified German operator, accused of allegedly evading over €60 million in taxes and improperly obtaining €33 million in incentives from the state energy agency GSE.

Soluxtec has entered provisional insolvency proceedings as declining module prices and international competition continue to pressure European solar manufacturers. The company said it plans to restructure operations, maintain module deliveries, and preserve jobs while seeking investors.

Mozambique’s energy regulator has reopened pre-qualification for a 30 MW solar project in Sofala province, after a previous award to Total Eren under the same program in 2022.

ESS Tech is complementing its iron flow storage offering, which is engeeneered for the 8–24 hour long-duration segment, with sodium-ion battery products aimed at short and medium-duration applications.

The first operational round of the EU Hydrogen Facility matched 265 supply-side opportunities with 45 demand projects, with 87% of offers receiving at least one expression of interest and half attracting multiple buyers.