AGP Executive Report

Offshore Wind: The Trump administration is seeking to revoke approval for the nearly finished, $6.2 billion Revolution Wind project off Rhode Island, reopening a major fight over U.S. clean-energy policy. Clean Power Investment: Masdar is acquiring a 550-megawatt Greek solar project expected to power more than 200,000 homes, while a separate partnership aims to pair renewables and storage with data centres. Biogas: Sindh has proposed five facilities worth $30 million to turn livestock manure into energy and fertilizer, with projected annual emissions cuts of 250,000 tonnes of carbon dioxide equivalent. Solar Expansion: Maharashtra utility MSEDCL awarded GK Energy a 330-crore-rupee contract for 14,000 off-grid solar irrigation pumps. Local Energy: A study estimates agricultural, livestock and municipal waste in Jordan’s Southern Ghour district could generate nearly 39 gigawatt-hours of electricity annually. Regional Transition: Mindanao’s clean-energy forum is pushing to match fossil fuels with renewables by 2030, as high fuel costs and aging hydropower infrastructure squeeze consumers.

Grid Expansion: Jyoti Structures won a ₹689.93 crore contract to build a 765-kV transmission line in Gujarat, underscoring the grid investment needed to connect new power projects. India is also targeting $220 billion in clean-energy investment by FY2030, with officials stressing transmission, storage and grid flexibility. Solar Push: India’s SECI will help install rooftop solar across Ministry of Home Affairs buildings. Separately, INA Solar and US-based Caelux plan to commercialise 3 GW of tandem solar modules, targeting efficiencies of up to 29% by 2028. Energy Security: IEA chief Fatih Birol said China’s clean-energy advances are accelerating the global transition as countries seek to reduce dependence on traditional fuels. Rising gas and electricity prices are again putting pressure on households in Europe. Hydropower: Investors and lenders in Kyrgyzstan met to address financing barriers for small hydropower projects, where long-term funding remains a key obstacle.

International Investment: Abu Dhabi’s Masdar-backed TERNA Energy is weighing further wind, solar, hydropower and storage projects in Greece, building on the UAE’s €3.2 billion acquisition. Winter Security: Britain faces a handful of potentially tight power-supply days in December and January, though operators forecast enough supply and have secured extra interconnector capacity. Storage Buildout: India’s Failte-Sigenergy JV plans to invest $250 million in inverter and battery-storage factories, with the first plant targeted for 2027. Solar Growth: Australia’s renewables reached a record 80.4% share of electricity generation, while Philippine developer CREC secured ₱35 billion to build 900 MW of solar, including battery-linked projects. Financing: Scatec and the EBRD launched a $221 million renewable-energy investment platform for Egypt. Policy Shift: US wind and solar developers face tighter tax-credit deadlines, making project timing and eligibility increasingly important.

Australia’s Solar Surge: Renewables supplied a record 44.3% of National Electricity Market generation in the third quarter, while solar and storage helped push their combined share to 80.4% during a half-hour peak. Wholesale prices fell 27% year on year, and batteries supplied more evening-peak power than gas. Grid Reliability: China’s wind industry is expected to shift from rapid expansion to grid integration by 2028, with storage and market reforms needed to make renewable power more dependable. Storage Setback: Snowy 2.0’s projected cost has climbed to A$25 billion, with completion delayed until 2029, prompting calls to reassess the project. Winter Watch: Britain’s forecast power buffer has narrowed to 5.9GW from 6.1GW last year; the grid operator says supply should still be sufficient. Solar and Farming: India is preparing an agrivoltaics policy to let farms produce crops and power on the same land. Grid Investment: The EIB and Neoenergia agreed on €150 million in financing for a wider €342 million upgrade of Brazil’s electricity network.

Energy Security: The UK approved production at the Jackdaw gas field, arguing it will bolster supply, though it won’t lower household bills. Ireland faces a sharper warning: fossil fuels still supply almost 80% of its energy, with demand forecast to rise 10% by 2030. Solar Buildout: India’s Navitas Solar secured up to $20 million to develop a 2.2 GW solar-cell plant, while Hartek Power won an 80 MW project for a steelmaker. Ghana also plans 200 MW of solar alongside a 200 MW battery system. Grid and Storage: Global energy storage deployments are forecast to grow 45% this year, even as grid constraints hamper renewables. India curtailed 378 million units of renewable power, underscoring the need for stronger transmission and storage. Regional Transition: Moldova says renewables supplied 46% of electricity consumed in the second quarter, with more than 1 GW of renewable capacity installed.

Energy Transition Plans: Kuwait’s energy committee reviewed its 2035 roadmap, calling for clearer priorities and measurable steps to expand renewables, improve efficiency and strengthen power reliability. Green Fuels: Goldwind’s wind-powered hydrogen and biomass project in Inner Mongolia has shipped its first green methanol to South Korea; the project has supply agreements exceeding 850,000 tonnes. China’s Clean-Energy Push: Renewables made up 60.7% of China’s installed power capacity in the first half of 2026, and solar capacity has overtaken coal. Wind Power: Ohio’s Supreme Court upheld certification for six out-of-state wind farms to sell renewable electricity in the state. Storage & Solar: Australia’s solar and battery connection pipeline climbed 43% to 80.9 GW. Energy Access: Solar-hybrid mini-grids in Plateau State, Nigeria, are bringing more reliable electricity to homes, clinics and small businesses. North Sea: The UK approved the Jackdaw gas field, expected to supply about 2% of national gas needs, as a decision on Rosebank looms.

Climate Warning: The UN’s 2026 Emissions Gap Report says current policies could bring 2.8°C of warming by 2100; even pledged climate action points to 2.6°C. UK Energy: Britain approved drilling at the Jackdaw North Sea gas field, with Prime Minister Andy Burnham saying revenues will support clean energy. The government is reportedly minded to reject the larger Rosebank project. Solar Push: Bangladesh’s new rules open rooftops, tea gardens, water bodies and other sites to private solar projects of up to 5MW, as the government targets 3–4GW of solar before next summer. Storage Growth: Adani Green added 3,081MWh of battery capacity at Khavda, bringing its operational total there to 6,632MWh; its renewable energy sales rose 32% year over year in the first half of FY27. China’s Transition: The country reported 2.46 billion kW of installed renewable capacity by mid-2026, equal to 60.7% of its total power capacity.

China’s Clean-Energy Push: Renewables reached 60.7% of China’s installed power capacity by mid-2026, and solar capacity surpassed coal for the first time, according to a new government report. UK Gas Approval: The government approved North Sea drilling at Jackdaw, saying the field could provide about 6% of UK gas production at peak and begin supplying homes this winter; climate campaigners condemned the decision. Türkiye’s 2040 Target: The country aims to meet about 70% of its energy needs from renewables by 2040 and invest $20 billion in energy efficiency by 2030. Power Demand: Tamil Nadu’s electricity demand fell by 5,632 megawatts after monsoon rains, helping the state avoid costly short-term purchases while solar output remained steady. Climate Pressure: A UN report says even the best-case pathway would see warming reach 1.7–1.8°C by mid-century; reaching that path requires emissions cuts far steeper than current national plans deliver.

Wind Manufacturing: Sany Renewable Energy plans a turbine plant in Egypt as its overseas revenue surges, extending Chinese manufacturers’ push into emerging markets. Household Solar: Higher electricity prices are driving a solar rush in the Philippines: panel imports hit $407 million in the three months through May, up 145% year-on-year, though solar still supplies less than 4% of the country’s power. Grid Reliability: A UK review found control-room staff worried about keeping the lights on and flagged governance and operational issues at the National Energy System Operator. Storage Economics: Four-hour batteries now undercut open-cycle gas in all 43 markets modelled by Wood Mackenzie, while solar is the cheapest new-build power source in most markets studied. Solar Milestone: Global solar generation has surpassed nuclear power for the first time. China’s Hybrid Buildout: A newly connected 1GW project combines solar PV with thermal generation and eight-hour storage, helping shift solar power into evening hours. Grid Infrastructure: Sumitomo Electric opened a £350 million subsea cable factory in Scotland, supporting the connections needed for offshore wind.

Solar’s Rising Share: Solar generation has overtaken nuclear worldwide for the first time. In the Philippines, fuel-price shocks are driving a rooftop solar boom: panel imports rose 145% year over year to $407 million in the three months through May, though coal still supplies about 62% of electricity. New Projects: South Australia advanced nearly 13 GW of solar and wind, while New Zealand opened the 150-MW Kōwhai Park solar farm, with power contracted to local buyers. Supply Chains: China proposed export restrictions on 12 solar manufacturing technologies, potentially affecting global production. Grid Pressure: Microsoft’s retreat from a major UK data-centre deal highlights how power delays are holding back AI expansion. Qatar’s proposed plan for Lebanon pairs two gas plants with 800 MW of solar and 440 MW of wind.

Wind Power: Sweden is investing more than SEK 100 million over five years in a new national wind research center, bringing universities and industry together to tackle challenges on land and at sea. Wave Energy: CorPower Ocean won a 2026 Planetary Health Award as it advances projects in Portugal and Scotland; its wave technology also received a DNV prototype certificate in July, a step toward commercial deployment. Grid Bottleneck: Microsoft ended its contract for Nscale’s planned Essex AI data center after a power-delivery delay threatened the timeline, underscoring how grid access can derail major projects. Energy Infrastructure: The UK’s first subsea high-voltage cable factory has opened at Port of Nigg, backed by £350 million and set to create more than 200 jobs. Clean Energy Targets: The UAE says clean sources supplied 32.4% of its electricity last year, putting it on track to surpass its 35% target for 2031. Lebanon Power Plan: Qatar’s proposal includes two power plants and a 20-year LNG deal, alongside renewable energy, battery storage and regional interconnections.

Power Reliability: Sri Lanka may face power cuts after all three units at its Norochcholai coal plant failed, removing about 900 MW from the grid. Solar is helping meet demand, but an energy expert warned that peak-hour supply could fall short. Green Industry: The Asian Development Bank and Japan are financing a project to convert an Indian gas-fired fertiliser plant to renewable-powered green ammonia, with planned capacity of 1.1 million tonnes a year. Solar Expansion: Nigeria has commissioned a 1 MW solar mini-grid with 2.4 MWh of battery storage, serving more than 6,000 connections and powering local businesses; a 16 MW network is also under way. In India, NTPC Renewable Energy is seeking bids for a 900 MW solar project near Kurnool, while Evolve Green Energies plans a 3 GW owned renewables portfolio by 2030. Carbon Markets: The Philippines has ordered a national framework to let communities, farmers and businesses earn and trade credits for activities including forest protection and clean energy.

Grid Bottlenecks: Microsoft has withdrawn from a planned Essex AI data centre deal with Nscale amid delays and reports the site may not get grid power until the 2030s. Nscale says it is exploring other power sources. Solar Push: Bangladesh approved a draft ordinance to speed rooftop installations, targeting 3–4 GW before next summer and clearer rules for private investors. China’s solar equipment exports fell 6.4% year over year in September. Power Access: Nigeria commissioned a 1 MW solar mini-grid with battery storage in Gombe, ending a 17-year blackout in one community, and launched a 16 MW network for four communities. Firm Clean Power: Google has agreed to buy 396 MW from a planned Utah geothermal project, as data-centre operators seek round-the-clock electricity. Solar Forecasting: Researchers in Kazakhstan used sunlight’s colour spectrum and deep learning to predict photovoltaic output minutes ahead, potentially helping grid operators manage rapid output swings. Green Shipping: Energy China says it completed the first commercial ship-to-ship bunkering of green ammonia, loading 1,000 tonnes onto an ammonia-fueled carrier bound for Australia.

Farm Resilience: Three solar-powered irrigation projects in Leyte and Samar will provide water to 42 hectares farmed by 45 growers, helping protect crops during dry spells and El Niño. South Africa’s Power Shift: Renewables could overtake thermal generation by 2035 as coal plants retire and private projects expand, but transmission capacity is a growing constraint. Storage Race: Greece has just 800 MW of installed batteries against a 27 GW project pipeline, while grid bottlenecks threaten to slow the boom. Community Benefits: Western Isles Council is considering a wind-farm dividend for every household, with extra help for low-income residents facing fuel poverty. Clean Power for AI: A startup is bundling renewable projects to supply data centres faster, as grid connection delays push operators toward gas. Energy Shock: War-driven fuel price spikes are strengthening Europe’s case for electrification, renewables, storage and electric vehicles.

Grid Reliability: Sri Lanka’s nationwide blackout has renewed scrutiny of how grids handle growing solar output; officials asked rooftop owners to disconnect temporarily while power was restored and the failure investigated. Energy Access: A new 1-megawatt solar mini-grid with battery storage is bringing electricity to more than 6,000 households and businesses in a Gombe community after 17 years without a grid connection. Four more mini-grids, totaling 16 megawatts, are planned in the state. Solar Growth: Duke Energy Florida has completed a 74.9-megawatt solar center, expected to power about 15,000 homes and cut customer fuel costs over its lifetime. Transition Outlook: IRENA says renewables must supply much more electricity as economies electrify, with global renewable capacity needing to reach 18.4 terawatts by 2035 on a path aligned with limiting warming to 1.5°C.

Offshore Wind: ScottishPower installed record 1.8-kilometre cable ducts for its 960MW East Anglia TWO wind farm, creating a protected route for power cables to shore. Green Hydrogen: China launched a semi-submersible offshore platform designed to make hydrogen using wind power, with technology built to withstand harsh sea conditions. Cross-Border Power: Nepal is allowing private energy companies to prepare for electricity trading with neighbouring countries, though licences and other approvals are still required before deals can proceed. Solar and Storage: A $20 million solar project with nearly 5,000 panels and battery storage is now operating in Peoria, Illinois. Clean Energy Manufacturing: India’s Fujiyama commissioned a 2GW power-electronics plant, lifting its manufacturing capacity to about 4.2GW as it expands into solar panels and plans battery production. Investment Outlook: Higher bond yields are making wind and solar projects less attractive to some investors, while storage’s ability to respond to changing power markets is drawing interest.