Signed a contract for a 1.1GW project and put into operation a 273MW power station

On December 11, 2025, Norwegian renewable energy company Scatec announced the completion of equity contracts for its large-scale "Obelisk" solar energy storage project in Egypt, while the Grootfontein solar power plant in South Africa was officially put into operation. Scatec has signed equity agreements with Norwegian state-owned investment fund Norfund and French power company EDF to jointly promote the Obelisk solar and energy storage project in Egypt. The project has a scale of 1.1GW/200MW, making it Scatec's largest renewable energy project to date. According to the agreement, Norfund will hold a 25% stake in the project holding company, EDF will hold a 20% stake in the operating company, and Scatec will continue to maintain a majority stake. The CEO of the company, Terje Pilskog, stated that the project will combine solar energy and battery storage to provide Egypt with stable and cost competitive electricity. At the beginning of 2025, Scatec has raised over $400 million in funding for the project and plans to introduce more partners to optimize the capital structure. In South Africa, Scatec's 273MW Grootfontein solar photovoltaic power station has officially started operation. This project is developed based on the procurement plan of South African renewable energy independent power producers and holds a 20-year power purchase agreement. Scatec completed project financing in 2023 and owns 51% of its shares, with the remaining shares held by local black economic revitalization partners and community trust funds. Alberto Gambakota, the head of Scatec Africa, pointed out that this project is the company's first power station in the Western Cape province and the first solar project to achieve commercial operation in this round of bidding, demonstrating Scatec's continuous investment and localization commitment in the South African market. Scatec stated that by collaborating with international organizations and local partners, the company aims to improve capital efficiency, create greater value, while maintaining operational control over projects. Previously, Norfund had supported Scatec's 130MW solar project in Colombia. In the South African market, Scatec has accumulated large-scale installed capacity and has won an additional 846MW in the latest round of bidding. This series of trends reflects Scatec's deepening layout and long-term strategy in the field of clean energy in Africa. Editor/Yang Beihua

Investment of 4.13 billion yuan! Jinhu Tire's first European factory has settled in Opole

The small town of Opole, not far from the Czech border, is quietly undergoing a transformation in its industrial layout. On December 1st, Jinhu Tire officially announced that it will build its first production base in Europe here, marking an important step for this tire manufacturing enterprise on the path of globalization. This factory located in Opole, Poland, is planned to have a total investment of approximately RMB 4.13 billion. The project will be promoted in stages, with the first phase expected to produce 6 million passenger car tires annually, and the production scale will gradually expand according to market development. The new factory is not only geographically close to the heartland of the European automotive industry, but is also seen as a key entry point for Jinhu to deepen its penetration into the European market. The European market holds significant strategic importance for Jinhu Tire. In the first three quarters of 2025, Jinhu Tire achieved a cumulative operating revenue of RMB 18.1 billion, of which the European market contributed 27%. Of particular note is that the European market has maintained double-digit growth since 2025, demonstrating strong development potential. Europe is home to numerous high-end car manufacturers such as Mercedes Benz, BMW, Audi, Porsche, and Volkswagen. Jinhu Tire stated that setting up a factory in Poland is an important measure for the company to continue promoting its globalization strategy and focusing on high-yield markets. By achieving localized production and supply, Jinhu will further enhance its product and service competitiveness, strengthen its high-end brand value, and integrate more closely into the European automotive industry chain. With the implementation of the planning for the Polish factory, Jinhu Tire is entering the fast lane of the high-end manufacturing market in Europe with a more localized attitude, adding new footnotes to the industrial cooperation between China and Europe. Editor/Yang Beihua

Chinese investment of 1.5 billion US dollars to build a new manufacturing hub in Pakistan

Against the backdrop of Pakistan's vigorous promotion of industrial upgrading and attraction of foreign investment, Punjab Province has welcomed key investments. The provincial government has signed an agreement with Chinese enterprises to invest $1.5 billion to build a modern industrial park covering 300 acres. The park focuses on diversified manufacturing industries such as textiles, automobiles, and pharmaceuticals, aiming to form industrial clusters that are expected to create a large number of jobs and drive the development of supporting industries. This move is seen as a microcosm of China's shift from infrastructure to deep industrial cultivation, not only injecting new momentum into the local area, but also marking that Punjab is strengthening its position as a key hub for industrial innovation and attracting foreign investment in Pakistan by improving infrastructure and policy environment. Editor/Cheng Liting

Vietnam Laos Energy Cooperation: Hejing 500 kV Transmission Project Approved

The People's Committee of Hejing Province has approved the investment policy and investors for the 500 kV transmission line project from Cha Lo in Laos to Hejing. The total investment of this project exceeds 2.3 trillion Vietnamese dong (approximately 88 million US dollars), and it will construct approximately 45 kilometers of dual circuit 500 kV transmission lines, expand two bays within the Haijing 500 kV substation, and require 20 hectares of permanent land, 15 hectares of temporary land, and 162 hectares of safe passage. The project will run for 50 years and be implemented in two phases. The first phase will be from the fourth quarter of 2025 to the third quarter of 2026, and the second phase will be fully operational in the third quarter of 2027. It can enhance the national power transmission capacity, alleviate the power shortage in the north, and promote energy cooperation between Vietnam and Laos. Editor/Cheng Liting

China Chengling Motors brings its "Hengshan brand" to Vietnam

A cross-border industrial cooperation story is unfolding. Recently, a delegation led by Yang Chaoxiang, Chairman of Chengling Motors Co., Ltd. and Vice President of Taiwan Bell Group, along with DUYLINK Investment Co., Ltd., Hong Kong financial institutions, and industry partners, conducted on-site research in Taiyuan Province, Vietnam, and officially announced plans to build a large automobile manufacturing base there. The initial investment of the project is about 3.5 billion yuan, and the planned land area is about 140 hectares. The production base will mainly cover product lines such as motorcycles, trucks, dump trucks, tractors, and special vehicles, committed to building a regional hub for automobile manufacturing and export. Although Chengling Motors is relatively unfamiliar to the public, its associated "Hengshan brand" cars carry profound historical memories. As early as January 10, 2025, Chengling Motors signed a cooperation agreement with the People's Government of Hengshan County, Hunan Province for the "Hengshan Automobile" project, aiming to revitalize the assets of the former Hunan Hengshan Automobile Manufacturing Co., Ltd. This old factory, founded in 1969, was once a national level specialized production unit for military modified vehicles, but was discontinued due to market changes. Chengling Motors plans to retain the "Hengshan Brand" trademark and gradually complete the acquisition within three years, promoting the revitalization of this classic brand. According to the plan, after the first phase of production of the Vietnam base, the annual production capacity is expected to reach 20000 units, and the annual output value is expected to reach 1 billion yuan. The products will cover a variety of vehicle models, including municipal sanitation vehicles, emergency rescue vehicles, new energy buses, high-end business buses, as well as logistics refrigerated trucks, elderly RVs, and more. Editor/Yang Beihua

PowerChina wins Singapore's largest floating photovoltaic project

On the shimmering waves of the Kranji Reservoir in Singapore, an iconic green project is about to unfold. Recently, China Power Construction Corporation Limited and Shengke Singapore Solar Private Limited officially signed the EPC general contract for the Kranji Reservoir Floating Photovoltaic Project in Singapore, marking a new and important breakthrough for China Power Construction in the field of new energy. This project is currently the largest floating solar project in Singapore, located in the northern and central waters of the Kranji Reservoir. According to the contract, PowerChina will undertake the full process EPC general contracting work from design, procurement to construction, with a project capacity of 150 megawatts. The project is expected to commence construction in the first half of 2027 and be put into operation in stages. Since entering the Singapore market in 2011, China Electric Power Construction Corporation has been committed to deepening local cultivation and serving the local market. With solid engineering quality and advanced technology, it has successfully completed more than 20 key projects covering transportation, municipal and energy fields, and established an excellent brand reputation in the local area. The Kranji Reservoir Floating Photovoltaic Project signed this time is the first water surface photovoltaic project won by China Power Construction in Singapore. It not only marks the company's official entry into the country's large-scale floating photovoltaic construction market, but also adds substantial achievements to deepen cooperation between China and Singapore in the field of green energy. The signing ceremony was attended by Jen Tan, CEO of Singapore Shengke Photovoltaic Company, Zhou Jiayi, Deputy General Manager and General Manager of Asia Pacific Regional Headquarters of PowerChina, and Liu Jiajin, Deputy General Manager of East China Institute. Representatives from PowerChina Asia Pacific Regional Headquarters, Singapore Representative Office, and East China Institute also attended the ceremony. Editor/Yang Beihua

The construction of King Salman Airport is accelerating

Recently, the Acting CEO of King Salman International Airport in Riyadh announced that the detailed design plan for the airport has been finalized, and Terminal 6 will begin construction in the second quarter of next year, marking the substantial advancement of Saudi Arabia's "Vision 2030" aviation hub strategy. The airport is a core project of Saudi Arabia's aviation industry's $100 billion investment plan, covering an area of 57 square kilometers, with 6 planned runways, and a target passenger throughput of 120 million by 2030. China Electric Power Construction and China MCC formed a consortium to participate in the bidding, and the project will promote Riyadh as a transportation hub, contributing approximately 7.2 billion US dollars to Saudi Arabia's non oil GDP.Editor/Cheng Liting

Angola Mozambique Medes Railway launches international franchise bidding

Recently, the Angolan government launched a 30-year international franchise bidding for the Mozambique Mendes Railway. If the railway is extended to Namibia or Zambia during the operation period, the franchise period can be extended for another 20 years. The bidding deadline is May 4, 2026. The railway has a total length of 855 kilometers and is an important trunk line in Angola and part of the Namibe Corridor. At present, Anna and Laos have carried out technical docking on cross-border railways. This bidding requires bidders to have funds and experience, and the Angolan government hopes to increase freight volume, reduce logistics costs, and promote the development of industries along the route. Editor/Cheng Liting

Chinese banks assist in landing 15GW clean energy project

In the global energy transition wave, Saudi Arabia's actions are attracting the attention of the world. Recently, Saudi energy giant ACWA Power announced that it has secured a massive financing of up to $5.95 billion for its 15GW clean energy projects. This funding will be used to support two wind power projects and five photovoltaic projects located within Saudi Arabia, demonstrating the clear strategy of this oil kingdom to extend its energy dominance through new energy. This financing can be regarded as a "national team global tour", attracting 29 financial institutions from the Gulf region, Europe, China, Japan and other places to participate. Among them, several Chinese financial institutions, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and China Minsheng Bank, have provided strong support. The loan term is as long as 27 years, reflecting the confidence of international capital in the long-term prospects of Saudi Arabia's new energy development. The equity structure of the project is jointly held by ACWA Power, Badeel, a wholly-owned subsidiary of Saudi sovereign fund PIF, and Saudi Aramco Power Company. This national level risk sharing model greatly enhances market confidence. All projects are expected to be fully operational from the second half of 2027 to the first half of 2028. Saudi Arabia's rapid execution capability is in line with its strategy of seizing the future "second pot of gold" - by building a globally leading low-cost green power base, laying the foundation for future industries such as hydrogen energy and green metallurgy, and reshaping its role in the global energy landscape. Editor/Yang Beihua

Chinese energy storage companies have won consecutive large orders in Europe

Chinese energy storage companies have recently made significant breakthroughs in the European market. With the cumulative installed capacity of energy storage in Europe expected to exceed the 100GW mark by November 2025, the market is entering a critical stage of large-scale development. In this context, China Automotive New Energy has signed a 2GWh energy storage strategic cooperation agreement with Belgian energy company AVESTA, while Kubo Energy has also reached a 1GWh strategic cooperation agreement with Romania's VoltLink Energy. As a joint venture between multiple Chinese state-owned enterprises in the field of power batteries, China Automotive New Energy has obtained over 14GWh of energy storage orders worldwide by 2025. Kubo Energy continues to focus on the European market, and this cooperation aims to build an energy service ecosystem that covers the entire chain. The signing of these orders reflects a structural change in the European energy storage market from household use to large-scale project dominance, driven by a significant improvement in energy storage economics. From 2022 to 2025, the cost of European LFP energy storage systems has decreased by about 37%, and the reform of the electricity market has created a diversified revenue model of "energy arbitrage+ancillary services" for energy storage. Despite Europe's ambitious goal of 500-780 GWh by 2030, the path to achieving it still faces challenges. The lengthy approval process and fragmented internal market may constrain the pace of development. The strong entry of Chinese energy storage companies not only seizes the opportunity of market explosion, but also injects key technological products and solutions into Europe's energy transformation. Editor/Yang Beihua

NEOM, the world's largest green hydrogen project, welcomes strong partners

Saudi Arabia and Egypt have recently reached an important consensus on energy and future industry cooperation. The Egyptian Ministry of Petroleum and Mineral Resources and Saudi NEOM have decided to establish a joint working group to build a strategic bridge for the Egyptian petroleum industry to participate in the NEOM project. This cooperation was finalized during the visit of Egyptian Minister Badwi to Saudi Arabia, aiming to promote the deep integration of Egyptian enterprises into this core project under Saudi Arabia's "2030 Vision". NEOM is a key project for Saudi Arabia's economic transformation, with a first phase investment of 1.2 trillion Saudi riyals (approximately 2.27 trillion RMB), and currently about 140 billion riyals have been invested in infrastructure. This future city with a planned area of 26500 square kilometers focuses on the development of clean energy such as green hydrogen. The cooperation will focus on three major areas: first, collaborative promotion of green hydrogen projects; Secondly, cooperation in industries such as petrochemicals, environmentally friendly building materials, and clean technology; Thirdly, Egypt provides strategic mineral support for NEOM. Renowned Egyptian companies such as Petrojet and ENPPI will participate in the project construction, with Petrojet already beginning to intervene in some of the projects. This cooperation marks an important step forward in the coordinated development of energy transformation and future industries between the two major economies on both sides of the Red Sea. Editor/Yang Beihua

Serbia's largest 300 MW wind farm confirms grid connection provider

Recently, Serbia's largest wind power project under construction, the Vetrozelena wind farm with an installed capacity of 300 megawatts, has made significant progress. The company under the Bosnia and Herzegovina Elnos Group has successfully won the bid and will serve as the general contractor responsible for the construction of all power grid connection projects for the project. This marks the official entry of this flagship new energy project in the Balkans, which is controlled and invested by China Power Construction Group, into the grid connection sprint stage. According to the contract, the Elnos Group will undertake the construction of a complete grid connected system, including a 35/400 kV substation, a 400 kV switch station, and a 7.5-kilometer transmission line, to ensure that the clean electricity generated by the 48 wind turbines in the future can be smoothly input into the national power grid. The project is controlled 51% by China Power Construction Overseas Investment Corporation and has signed a power purchase agreement with Serbia Electric Power Company in November 2025, laying the market foundation for electricity consumption after completion. The promotion of this project is another typical case of cooperation between Chinese investment and local engineering forces in Europe to jointly promote regional energy transformation. Editor/Yang Beihua

Continuous heavy rainfall has caused significant casualties

In recent days, several provinces on Sumatra Island, Indonesia, have been shrouded in continuous rainstorm and subsequent disasters. On the afternoon of December 4th local time, the latest data released by Indonesia's National Disaster Relief Agency revealed the severity of the disaster: the number of deaths caused by floods and landslides has risen to 817, and another 537 people are missing, posing severe challenges to search and rescue and disaster relief work. This disaster is mainly concentrated in the provinces of Aceh, North Sumatra, and West Sumatra on the island of Sumatra. The continuous heavy rainfall has triggered large-scale floods and landslides, destroying a large number of houses, roads, and bridges, causing communication interruptions, and many areas becoming isolated islands. As of December 4th, the officially confirmed number of victims has reached 817, and the missing figure of 537 means that the scale of casualties may further expand, and the people in the disaster area are suffering huge pain and losses. After the disaster, the Indonesian National Disaster Relief Agency, military, police, and volunteer organizations quickly mobilized and fully engaged in rescue efforts. However, adverse weather conditions, disrupted transportation routes, and complex geographical environments have brought great difficulties to search and rescue work. Rescue workers are racing against time, searching for survivors in the mud and floods, and delivering emergency supplies such as food, drinking water, medicine, and temporary shelters to the trapped people. The international community has also begun to pay attention to and provide assistance. Indonesia is located in the Pacific Rim volcanic and seismic zone, with frequent geological activity. In addition, the rainy season is characterized by concentrated rainfall, and floods and landslides are common natural disasters in the country. The severe disaster on Sumatra Island once again highlights the urgency of strengthening disaster warning systems, infrastructure construction, and community disaster prevention and mitigation capabilities. How to enhance long-term climate change adaptation and disaster risk management capabilities while addressing the current crisis will become a topic that Indonesia and the entire region need to deeply consider. Editor/Yang Beihua

The 'Chinese Accuracy' of the Nakara Corridor: The Guardian of Surveyor Orlando

At the construction site of Nacala Port in Mozambique, surveyor Orlando Vicente is fully focused on precise measurements, laying the foundation for the comprehensive upgrade of the logistics system in the Nacala Corridor. This strategic channel, with a total length of over 900 kilometers and an annual coal transportation capacity of about 18 million tons, is revitalizing with the help of Chinese enterprises. Currently, the project team of China Railway 20th Bureau is making every effort to promote the construction of the Nankala Old Port dump truck, in order to match the improved transportation capacity after the railway electrification transformation, while overcoming complex construction conditions such as high water levels and deep foundation pits. Simultaneously carrying out vehicle maintenance work to ensure daily transportation, the maintenance workshop can repair about 25 coal transport open cars per month. This series of measures systematically strengthens Mozambique's key logistics arteries, not only significantly improving the efficiency of coal exports, but also injecting solid impetus into the sustainable development of the regional economy. Editor/Yang Beihua

Pohang Vietnam Layout Logistics Restructuring Global Supply Chain

Against the backdrop of accelerating global supply chain restructuring, Pohang Iron and Steel Group recently established a logistics subsidiary in Vietnam, marking its strategic transformation from a steel manufacturer to a "resource production logistics" full chain operation. The Vietnamese legal entity will integrate the group's logistics business in local areas such as steel, raw materials, and secondary battery materials, and achieve economies of scale and full process visualization through unified management. This move not only strengthens Pohang's layout in key nodes in Southeast Asia and improves its global logistics network connecting Asia, Europe, and the United States, but also targets the potential of Vietnam's logistics market with an average annual growth rate of over 6%. As the group accelerates its overseas resource development and considers acquiring shipping company HMM, this layout highlights the industry trend of manufacturing giants improving supply chain resilience through vertical integration, seizing the opportunity in the wave of RCEP deepening and Southeast Asian industrial upgrading. Editor/Cheng Liting

Cross border collaboration to develop wind power projects in the Philippines

Levanta Renewables in Singapore has partnered with Triconti Windkraft Group in the Philippines to develop the Atimonan onshore wind power project in Quezon Province. The project has won the bid in the fourth round of energy auctions in the Philippines and is scheduled to be put into operation in 2028, with a first phase scale of approximately 50MW. Levanta, as a Southeast Asian renewable energy platform under Actis, will combine with Triconti's local expertise to jointly promote this world-class project. Both sides aim to meet the electricity demand of Luzon Island through complementary advantages and contribute to the transformation of the energy structure in the Philippines. Editor/Cheng Liting

AI-RAN leader SynaXG raises over $20 million in funding

Singapore based deep tech startup SynaXG recently completed its first round of funding of over $20 million, led by January Capital, Vertex Ventures, and Qualgro, making it an important early investment in the Asian AI-RAN field. The company focuses on AI wireless access network solutions, providing full stack software and systems through nearly four years of research and development, serving chip manufacturers, equipment manufacturers, and operators. This round of funding will accelerate product promotion, team building, and global cooperation. With the growing demand for low latency AI infrastructure in the market, SynaXG is expected to lead the next generation of wireless connectivity innovation. Editor/Cheng Liting

India expects to add 41.5GW of photovoltaic installed capacity in fiscal year 2026

Recently, according to JMK Research's forecast, India will add 41.5GW of photovoltaic installed capacity in the fiscal year 2026 (ending March 31, 2026), setting a new historical high and demonstrating its strong momentum in the transition to clean energy. In this increment, large-scale photovoltaic power stations account for 32GW, rooftop photovoltaics account for 8GW, and off grid systems provide broad cooperation space for international photovoltaic enterprises, helping to promote their cumulative photovoltaic installation target of 280GW by 2030.Editor/Bian Wenjun

International EPC company wins $147 million photovoltaic project in South Africa

Recently, a well-known international EPC company successfully won the bid for a large-scale photovoltaic power plant project in South Africa, with a contract amount of 147 million US dollars, becoming an important milestone in the construction of the African Clean Energy Corridor. The project has a planned installed capacity of 500MW and is located in a renewable energy park in the Northern Cape Province of South Africa. It will use efficient PERC photovoltaic modules and intelligent operation and maintenance systems, with an expected annual power generation of over 800 million kilowatt hours, which can meet the electricity needs of 300000 households and reduce carbon emissions by about 600000 tons per year. Inject strong momentum into regional energy security and sustainable development, and attract more international capital to participate in the African new energy market.Editor/Bian Wenjun

Kyrgyzstan's new energy cooperation dividends continue to be released

As the core country of energy transformation in Central Asia, Kyrgyzstan has continued to release new energy cooperation dividends in recent years, becoming an important hot spot for green energy cooperation along the "the Belt and Road". The country is rich in hydropower resources and has considerable reserves of solar and wind energy. It has also introduced a series of preferential policies such as tax reductions and relaxed foreign shareholding ratios, with a focus on encouraging international cooperation in areas such as photovoltaics, wind power, and energy storage. Provide broad cooperation space for global investors.Editor/Bian Wenjun

ACCIONA from Spain wins a large 281 MW clean energy order from the Philippines

ACCIONA Energ í a, a leading renewable energy company in Spain, recently stood out in the latest round of green energy auctions by the Philippine Department of Energy and successfully won a long-term power supply contract with a total capacity of 281 megawatts. This marks another solid step forward for the Philippines in advancing its 2030 renewable energy development goals. The winning projects this time include the 101 MW Kalayaan 2 wind farm located in Laguna Province, which has entered the construction phase, and the 180 MW peak Daanbantayan photovoltaic power plant planned to start construction in Cebu Province by the end of 2025. ACCIONA will provide a 20-year power purchase guarantee for these two projects, and their stable power generation will be injected into the Luzon and Visayas power grids, directly supporting the Philippines in achieving its national goal of 35% renewable energy by 2030. Ignacio Domaker, Managing Director of ACCIONA's Southeast Asia business, stated that this winning bid significantly enhances the company's position and development confidence in the key market of the Philippines. At present, ACCIONA's renewable energy reserve capacity in the country has exceeded 2 gigawatts. Editor/Yang Beihua

Tasmania, Australia launches annual 1500GWh green power tender to drive

Recently, Tasmania, Australia launched a large-scale renewable energy procurement program. Hydro Tasmania, a power company under the state government, has officially launched a long-term power purchase agreement bidding for 1.5 billion kilowatt hours (1500 GWh) of wind and solar power annually for global developers, aiming to lock in clean, stable, and financially viable power supply for local electricity demand growth over the next decade. This bidding is released in the form of an "Information Invitation Letter", and it is planned to flexibly award contracts through multiple batches and projects, supporting the construction or expansion of wind and solar power projects, and can be optimized with energy storage systems for output optimization. The target contract period is 10 to 20 years, and the first batch of agreements is expected to be signed in mid-2026. The related projects will be put into operation gradually from 2027 to 2028. The bidding requires that the electricity must be actually transmitted to the Tasmanian power grid, and a scheme that matches the load curve must be clearly defined. Bidders are required to submit documents before early January 2026, and non price factors such as credit qualifications, community and environmental contributions will also be included in the comprehensive evaluation. This plan is seen as a key initiative for Tasmania to promote energy structure transformation and enhance grid stability, and also provides long-term stable market opportunities for international renewable energy developers. Editor/Yang Beihua

BYD blade battery energy storage project landed in Australia

Against the backdrop of accelerating energy transformation in the global mining industry, BYD's energy storage technology has recently achieved significant applications in Australia. Fortescu announced that it has officially delivered an energy storage system using BYD blade battery technology to the North Star Hub, marking a crucial step in driving decarbonization of its iron ore business. The project consists of 48 energy storage containers with a total capacity of 250MWh, a maximum power of 50MW, and a sustainable power supply of 5 hours. Fortesk stated that this is the first landing project in the company's planned 4-5GWh large-scale energy storage system, and also an important milestone in the decarbonization process of mining in the Pilbara region of Australia. It is reported that the energy storage system will continue to help Fortescu reduce carbon emissions from energy supply in the coming years. The company also revealed that the next battery energy storage system installation project is planned to be carried out in the Eliwana area, and is expected to deliver and install a 120MWh energy storage system in early 2026. Editor/Yang Beihua

Artus sets up factories in the United States to enter the manufacturing of energy storage

At a time when the global energy storage market is rapidly emerging, Canadian Solar Inc. (CSIQ) announced on December 1, 2025 that it will adjust its US business by establishing a joint venture with its controlling shareholder, Canadian Solar Inc. (CSIQ), and officially layout the localization manufacturing of energy storage cells. According to the adjustment plan, both parties will establish two new joint ventures. Among them, Company M will operate a photovoltaic cell and module factory in the United States, while Company N will be responsible for carrying out energy storage business, covering the manufacturing of lithium iron phosphate energy storage cells, battery packs, and DC energy storage systems. In addition, Artus will also convert three factories located in China and supplying the US market, including a 3GWh energy storage factory under construction, a 2.9GW battery factory under construction, and an idle 8GW slicing factory, into a joint venture structure through equity restructuring. After the restructuring, CSIQ holds 75.1% of the shares and Ates holds 24.9% of the shares. This measure aims to address market risks, strengthen the localization of the US supply chain, and enhance long-term competitiveness. As the world's second-largest photovoltaic market, the demand for energy storage in the United States is continuously growing, which is also seen as an important step for Chinese companies to deepen their overseas layout and get closer to market production. Editor/Yang Beihua

The ALMM inventory of Indian photovoltaic cells has been expanded to 18.5 gigawatts

The Indian Ministry of New and Renewable Energy recently updated the list of approved manufacturers of photovoltaic cells, increasing the domestic annual production capacity to 18.48 gigawatts. This is the third expansion after the first batch of 13.067 gigawatts in August 2025 and the addition of 4.8 gigawatts in September, marking a new breakthrough in India's domestic photovoltaic manufacturing strategy. The newly added Websol Energy System factory in West Bengal has a production capacity of 602 megawatts and produces double-sided PERC cells with a conversion efficiency of 23.16%. The new list will take effect in July 2026 and stipulate that local silicon wafers must be used from June 2028 onwards. Despite industry concerns about rising costs, manufacturers are accelerating production expansion to meet policy requirements. This series of policies, while gaining industry recognition, has also raised concerns in the market about rising costs and project progress. Developers are concerned that the new regulations may lead to increased project costs and delays, while manufacturers are intensifying their efforts to expand production capacity in order to meet market demand within the policy window. It is worth noting that the department has provided explanations for special application scenarios in July 2025: if the energy storage project itself is exempted from ALMM, the solar energy project charging it also does not need to comply with relevant requirements; If the energy storage project is not exempted, the supporting photovoltaic project must also meet the list standards. This regulation provides clear guidance for the compliant development of integrated solar energy storage projects. Editor/Yang Beihua

India invests 728 billion rupees to build rare earth permanent magnet production capacity

Recently, the Indian government officially approved a strategic industrial plan worth up to 728 billion rupees, with the goal of establishing an annual production capacity of 6000 tons of integrated rare earth permanent magnets (REPMs) domestically. As a key component of electric vehicles, renewable energy, electronics, aerospace, and defense systems, the local large-scale production of rare earth permanent magnets will effectively strengthen India's position in the global green technology ecosystem and reduce the dependence of related strategic industries on imported materials. This plan is not only an important measure for India to promote the localization of high-end manufacturing, but also provides solid material and technological support for achieving its net zero emissions target by 2070. Editor/Cheng Liting

The world's largest sodium ion battery energy storage order has landed, with a scale

Peak Energy and Jupiter Power have signed a multi-year supply agreement to provide sodium ion battery energy storage systems with a total capacity of up to 4.75 GWh. This order is currently the largest commercial order in the global sodium ion energy storage field, with a total value expected to exceed $500 million, marking a crucial step in the commercialization of sodium batteries on a large scale. Phased delivery, with the first round of deployment starting in 2027 According to the agreement plan, the first batch of 720MWh energy storage capacity will be delivered in 2027, becoming the largest publicly announced sodium battery deployment project. In addition, Jupiter Power reserves the option to purchase an additional 4GWh system between 2028 and 2030. This arrangement leaves ample space for future cooperation between both parties and provides clear expectations for the continued ramp up of sodium battery production capacity. Significant technological advantages, combining safety and economy The sodium ion system used by Peak Energy adopts a fully passive thermal management design, which does not require active cooling. The auxiliary power consumption can be reduced by up to 97%, effectively controlling operation and maintenance costs while improving safety. The company stated that its system's attenuation performance over a 20-year operating cycle is nearly 30% higher than mainstream lithium battery solutions, which helps reduce or even avoid later capacity expansion investment, thereby reducing the overall lifecycle cost. Peak Energy CEO Landon Mossberg pointed out that partnering with leading independent power generation companies like Jupiter Power to advance the world's largest sodium ion energy storage project demonstrates that the technology has mature commercial conditions and will play a core role in the future energy structure. Editor/Yang Beihua

Goldwind Technology Launches the Construction of Türkiye Wind Power Blade Factory

Heilongjiang Province recently released the "Special Implementation Plan for Large scale Construction of New Energy Storage (2025-2027)", which specifies that the installed capacity of new energy storage will exceed 6 million kilowatts by 2027. This plan constructs a collaborative development pattern of "source grid load", supporting large-scale energy storage around clean energy bases on the power supply side, laying out energy storage power stations in load centers on the power grid side, and innovating models such as "energy storage+park" and "energy storage+computing center" on the user side, comprehensively enhancing the new energy consumption capacity. At the same time, the plan introduces market-oriented trading mechanisms and capacity compensation mechanisms, and innovatively utilizes retired thermal power plant resources to build energy storage power stations, and carries out demonstration of grid based energy storage technology. This series of measures will effectively solve the problem of new energy consumption, drive investment in the energy storage industry chain, and provide important demonstrations for the transformation of energy and the construction of new power systems in Northeast China. Editor/Cheng Liting

Google will invest 2 billion dollars in Türkiye to build a data center

On November 20, Türkiye's Vice President Geoffdet Yermaz announced at the Google Cloud Day event in Istanbul that Türkiye's communication company Turkcell and Google will jointly build a large-scale data center in Türkiye. Google will invest $2 billion, Turkcell will invest $1 billion, and the data center is expected to start construction in early 2026. Editor/Xu Shengpeng

Oman launches bidding for early production facility projects

In November 2025, the Oman National Oil Development Company (PDO) officially launched the pre qualification bidding for the Early Production Facility (EPF) project, requiring potential bidders to submit materials through the Rabitah system before 11:30 am (Oman time) on December 1. The project aims to accelerate the production release and resource commercialization of new exploration blocks by deploying fast and flexible ground processing and export facilities. According to the announcement released by PDO, this EPF project will fully comply with international standards and the company's process safety regulations. The scope of work covers the installation and operation services of the complete EPF project, including core facilities such as crude oil export system, water injection and treatment system, production and water injection manifold, oil testing main pipe and testing separator, ensuring independent testing of each well entering the EPF. The project also requires the provision of operational services such as crude oil transportation, heating transportation, water injection systems, and deep water treatment equipment, as well as temporary additional services such as degassing devices. This comprehensive EPF solution will effectively promote the rapid production and efficiency transformation of exploration blocks in Oman oil fields, providing important opportunities for participating enterprises in energy infrastructure construction. Editor/Yang Beihua