Since 2017, Vietnam’s solar market has grown rapidly under strong policy support, especially feed-in tariff incentives. This drove fast capacity expansion but also exposed grid constraints as development outpaced transmission infrastructure. As subsidies gradually phased out, market logic shifted from policy-driven growth to energy security and system stability.

Scatec ASA has commissioned its largest project to date in Egypt – the $590 million Obelisk solar-plus-storage project. The project is financed with over 80% non-recourse debt ($479.1 million) from the European Bank for Reconstruction and Development, African Development Bank and British International Investment. The ownership structure includes Norfund and EDF Power Solutions, with Scatec retaining 60% economic interest and operational control. Phase one includes 561 MW of solar and a 100 MW/200 MWh BESS, backed by a 25-year USD-denominated PPA with Egyptian Electricity Transmission Company. A second 564 MW solar phase is scheduled for operation in summer 2026.

Vietnam’s solar capacity hit 19,252 MW in 2025, adding 586 MW annually. While utility-scale projects face grid bottlenecks, the rooftop segment is surging due to corporate ESG goals and low panel costs. With a proposed 50% grid-feed cap for rooftops and the new DPPA mechanism breaking state monopolies, demand is set to spike in 2026, supporting Vietnam's 73 GW target for 2030.

Japanese electronics maker Kyocera has entered into reciprocal power purchase agreements ('PPAs') with Cosmo Energy Holdings. Starting next month, Kyocera will supply solar power from its assets to Cosmo Energy Solutions. In exchange, Kyocera will procure electricity from the 48 MW Nakaki wind farm operated by Cosmo Eco Power. The partnership aims to diversify their renewable portfolios and explore future collaborations in battery storage. This move follows Kyocera's recent agreement with Osaki Electric and Taiwan Plastics Group to jointly develop an 'AI'-based energy management system integrating solar generation and lithium iron phosphate battery storage, targeting a final contract by the end of this year.

European developers signed 30 power purchase agreements ('PPAs') totaling 2.2 GW in February, marking the highest monthly volume since February 2024. Corporates drove the surge, accounting for 1.5 GW across 21 deals. A standout was a 426 MW solar PPA in Spain spanning a record-breaking 40 years. Analysts note a growing trend of contracting operational assets rather than new builds to bridge price expectation gaps. The battery energy storage ('BESS') sector also saw strong activity with 14 deals totaling 1.2 GW/3.3 GWh. Meanwhile, average tracked PPA prices fell 6.4% month-on-month to €42.70/MWh, led by an 11.4% drop in Italy following the DL Energia decree.

India's Solar Energy Corporation of India (SECI) has launched a tender for 1 GW of round-the-clock (RTC) renewable energy projects under a build-own-operate (BOO) model. A mandatory requirement is the inclusion of energy storage systems (ESS), which can be owned directly or contracted via third parties, and all projects must connect to the interstate transmission system (ISTS). SECI will offer 25-year power purchase agreements (PPAs) to successful bidders, with individual bid capacities ranging from 100 MW to 500 MW. Notably, developers with existing 'untied capacity' from operating or under-construction projects are also eligible to participate and may benefit from extended PPA terms.