China sets ‘capacity price’ floor for grid-scale storage, tying payments to coal benchmarks
Beijing’s new rule lets standalone storage earn fixed-cost payments for availability, not energy delivered.
Brookfield explores sale of solar developer X-Elio
Brookfield has appointed Santander and Barclays to manage the sale of X-Elio, valued at more than €4 billion ($4.7 billion) including debt. If completed, it would be the company’s second major divestment in Spain in two years.
World’s largest AI-powered battery storage cluster comes online in China
The multi-project cluster includes the world’s largest single-site electrochemical energy storage facility: the 4 GWh Envision Jingyi Chagan Hada Energy Storage Power Station.
Latvia’s largest single-site solar plant begins operating
The 120.8 MW project, built by Lithuanian renewables developer Green Genius, is the largest single-site project in the Baltics. Work is currently underway on constructing a 50 MW/100 MWh battery energy storage system on-site.
Made in Europe: Sungrow builds first European factory in Poland
Sungrow says it plans to invest €230 million ($274 million) in its first European factory in Wałbrzych, Poland, to produce inverters and battery energy storage systems (BESS).
Armenia adds around 615 MW of solar in 2025
Armenia enjoyed a record year for solar deployment last year, surpassing 1 GW of cumulative solar capacity. The market is currently led by autonomous solar producers, of which there are now more than 50,000 in the country.
Over 85% silver extraction efficiency achieved in solar panel recycling test
Australian recycling developer Iondrive says that its IONSolv platform achieved more than 85% silver extraction in initial bench-scale testing.
US PPA volumes down 22% in 2025 amid policy shocks
Solar power purchase agreement (PPA) prices rose 8% last year as tax credit uncertainty and foreign entity of concern (FEOC) compliance narrowed the pool of bankable projects, according to Pexapark.
Global BESS capacity tops 250 GW, overtaking pumped hydro for first time
Rystad Energy says it expects global battery energy storage system (BESS) additions to exceed 130 GW/350 GWh in 2026, led by China, the United States, the United Kingdom, Australia, and Germany.
Vietnam more cost-competitive than India in cell, PV module production, says IRENA
IRENA’s latest report finds that energy use and material intensity across the solar PV manufacturing supply chain will decline through 2030. The analysis also shows Vietnam remains more cost-competitive than India due to lower electricity prices, while high energy and labour costs keep Australia and Germany less competitive.
