Markets

The European Union is investing €650 million ($766.5 million) in cross-border energy infrastructure, led by a grant for the Aguayo II pumped-storage project in Spain, alongside smaller allocations for upgrades such as the Čierny Váh pumped-storage plant in Slovakia.

Senegal has reached an 84% electrification rate, with 294 MW of residential PV installed, while several large-scale solar-plus-storage projects are under development, despite the start of production at the Sangomar gas field.

Analysis by energy advisory service Montel finds Germany, France and the Netherlands all saw record levels of renewables curtailment last year, with the build out of solar in each market contributing to midday generation peaks and consequential price cannibalization.

Chile installed 1.13 GW of solar capacity last year, raising total solar capacity to 11.63 GW, while over 4 GW of renewable projects are under construction, according to the National Energy Commission (CNE).

Finland’s large-scale solar capacity more than doubled in 2025, buoyed by the commissioning of the country’s first solar projects larger than 50 MW. Another record year for ground-mounted solar is expected this year but a forthcoming Land Use Act risks threatening future projects.

The WTO ruled that U.S. clean energy tax credits under the Inflation Reduction Act violate international trade rules by giving domestic products preferential treatment over Chinese goods. The decision specifically targets the ITC and PTC Domestic Content Bonus Credits.

Spanish building-integrated PV (BIPV) manufacturer Onyx Solar is delivering a custom building integrated PV system featuring almost 1,800 solar glass ‘louvres’ designed to help power Australian tech giant Atlassian’s new 39-storey headquarters in downtown Sydney with 100% renewable energy

Norbut Solar Farms shifted from traditional US real estate development toward long-term land stewardship, generating renewable energy alongside crops and livestock.

Investment in utility-scale solar in Australia dropped 35% in the second half of 2025 compared to the previous six months with BloombergNEF (BNEF) saying the growth of rooftop solar and a booming battery market are among the reasons for the precipitous decline.

Enphase Energy said it is cutting around 6% of its global workforce, affecting about 160 employees, as the company prepares for lower near-term demand following the expiration of the United States federal residential solar tax credit and moves to reduce costs through restructuring and automation.