The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1.3GWh battery energy storage system (BESS) portfolio in Uzbekistan.

IPPs Greenvolt and European Energy have finalised financial deals for solar-plus-storage projects in Denmark and Latvia, while Olana and Energix have enlisted optimisers for BESS projects in Lithuania and Poland, respectively.

Finnish marine and energy technology group Wärtsilä will deliver what it claims is Australia’s largest DC-coupled hybrid battery energy storage system (BESS) for the National Electricity Market (NEM).

The Emirati state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.

Utility and power firm Naturgy has started building its first BESS projects in Spain, at four solar PV plants in Almeria and the Canary Islands.

The New South Wales Independent Planning Commission has approved Ark Energy’s 3,148MWh Richmond Valley solar-plus-storage project in Australia.

Spanish IPP Grenergy has begun construction on a 340MW solar project with 960MWh of energy storage in El Cabrero, located in Chile’s Biobío region. 

Germany has awarded contracts to 490MW of solar-plus-storage projects in its latest “innovation” auction for co-located renewables.

Australia has announced the results of the fourth Capacity Investment Scheme tender, with 11.4GWh of solar-plus-storage contracts awarded.

Battery energy storage revenues in Australia’s National Electricity Market (NEM) fell 61% in September 2025 to AU$85,000/MW (US$56,712/MW) as price volatility eased across the grid, according to new research from Modo Energy.