News in Numbers

The United Arab Emirates launched the world’s first 24/7 gigascale energy storage project in Abu Dhabi, featuring a 5.2GW solar plant and 19GWh battery energy storage system (BESS) – the largest combined solar and BESS in the world.

The World Bank and African Development Bank set terms for African countries to secure $40bn in power finance.

UK consumers are anticipated to incur more than £1.8bn ($2.25bn) in grid constraint payments by 2025 due to limitations in the power grid’s capacity to handle increasing renewable load.

Indonesia plans to add 71GW of power capacity by 2034 with a significant focus on private investment. The government will prioritise the development of transmission lines to support renewable energy generation.

Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of $16.4bn. The transaction is expected to close by January 2026.