News

The owner of Australia’s two biggest operating solar farms has reported a significant jump in revenue in the latest quarter, helped by a large increase in new capacity and less curtailment, and despite lower wholesale prices.

SINGAPORE – South-east Asia risks missing out on billions of dollars of green investment because its underfunded power grids are failing to keep pace with surging energy demand, a report released on May 18 warns.

Plans to build what would be Australia’s biggest wind farm in Victoria’s Wimmera region have cleared a major development hurdle, after winning environmental approval from the state Labor government over the weekend.

Siemens Energy raised its full-year outlook for Siemens Gamesa, now expecting comparable revenue growth of 3% to 5% in fiscal year 2026, up from previous guidance of 1% to 3%. The profit margin before special items is still expected to reach break-even for the full year.

Across Southeast Asia, most countries have articulated net-zero or carbon-neutrality targets, signalling a clear collective commitment to the energy transition.1 However, translating these ambitions into implementation remains a structural challenge: how do we mobilise capital at scale, reduce risk, strengthen regional cooperation, and ensure the transition delivers both climate and development outcomes?

The first wind turbines for the Vaðölduver project have arrived in Iceland, marking the transition from planning and civil works to turbine installation. The initial shipment of turbines from Enercon in Germany recently arrived at the port of Þorlákshöfn.

The UK government has given permit nods to RWE and Masdar’s 3GW Dogger Bank South and SSE and RWE’s 1GW North Falls wind farms off east England.

The Crown Estate’s latest UK Offshore Wind Report has highlighted the increasingly vital role offshore wind plays in the UK’s energy mix, delivering nearly a fifth of the nation’s electricity in 2025. 

The China Three Gorges Corporation has successfully completed what it says is the world’s largest single-rotor floating offshore wind turbine.

Bengaluru, India, 6 May 2026: Climate Fund Managers, a climate-focused blended finance investment manager, and Ampyr Energy, the renewable energy platform of AGP Sustainable Real Assets, announce the successful commissioning of the Somasamudra Phase 1 solar PV plant in Karnataka, India.