Renewable Energy Group

ACEN, the renewable energy arm of the Ayala Group, has sold an initial 10% stake in its 250-MW solar project in India. The partial divestment is an early step in the company's plans to bring in partners for the Indian photovoltaic scheme, reflecting ongoing interest from investors in utility-scale solar assets in the country.

US senators have reached a bipartisan agreement on a permitting bill designed to speed up approvals for new energy projects. The deal would shorten lengthy review processes that often delay infrastructure such as power lines, pipelines and renewable installations. The proposal has drawn attention from both industry groups seeking faster builds and environmental advocates wary of weakened oversight.

Members of the US Congress have announced the creation of a bipartisan Geothermal Caucus, a grouping intended to advance geothermal energy development and policy on Capitol Hill. The caucus is expected to promote federal support for geothermal power and heating, an energy source that has drawn growing interest as a reliable, low-carbon alternative to intermittent renewables.

Renewable Energy Group has acquired a 715-megawatt portfolio of solar power projects, according to a report by POWER Magazine. The deal expands the company's renewable energy holdings and adds substantial solar generation capacity. Details on the seller, price, and location of the projects were not included in the available report.

A new analysis by the green group Transport & Environment warns that if the European Union weakens its electric vehicle targets, the bloc would need the equivalent of 150 new power plants to balance the electricity grid. The argument is that widespread EVs, charging at flexible times, help stabilise a grid increasingly reliant on renewables, and abandoning those targets would drive up energy costs.

Hanwha Renewables is considering Belvoir Ranch as the site for its next solar energy project. The company, part of South Korea's Hanwha Group, appears to be expanding its renewable energy footprint in the United States, with the ranch location now under evaluation for potential development.

Rappler reports that the Lopez family's Energy Development Corporation, the Philippines' largest geothermal power producer, has become a target of interest among investors and business players. The piece examines who is eyeing a stake in the company and why control of the clean-energy asset matters. It has drawn attention among readers following Philippine corporate and energy-sector developments.

3 E Network Technology Group has launched a global request for proposals to supply high-density AI infrastructure for its data center in Mikkeli, Finland. Vendors worldwide are invited to bid on the project, which signals the company's push into AI computing capacity in Northern Europe, a region drawing interest for data centers thanks to cool climate and renewable energy.

A Chinese group is making progress on a 300MW solar power project in Peru, according to BNamericas. The development adds to growing Chinese investment in Latin America's renewable energy sector, as Peru seeks to expand its clean power capacity and diversify its electricity mix.

French development finance institution Proparco has joined the group of lenders backing a 467-MWp solar project in Peru, according to an announcement reported by Renewables Now. The addition of Proparco to the financing consortium signals continued international support for large-scale renewable energy development in Peru.