In recent years, Indonesia's energy transition has shown clear signs of acceleration. As the government sets more ambitious renewable energy targets, and as mining decarbonisation, island-based power system upgrades, floating PV project development and local manufacturing build-out continue to advance, the long-term growth potential of Indonesia's solar PV, energy storage and microgrid markets is opening up further.

Ingka Investments, the investment arm of Ingka Group, has acquired its first two solar parks in Spain, expanding its renewable energy portfolio in Iberia. The assets include the operational La Oliva solar farm in Toledo, expected to generate 51GWh annually, and another project in Murcia, expected to add 55GWh per year. Together, the two projects will produce around 106GWh of renewable electricity annually.

Bangladesh has announced a major policy package to accelerate solar development, including a 0% tax rate for the solar sector until 2035 and a 5% tax rebate on consumers’ solar electricity bill payments. The government will also reduce import duty, regulatory duty, supplementary duty and advance tax to 0% on key solar components, including inverters, lithium cells, lithium-ion batteries, PV modules, mounting structures, BESS, battery management systems, solar DC cables and battery thermal management systems. The policy aims to attract investment and support Bangladesh’s target of meeting 20% of electricity demand from renewables by 2030 and 30%-50% from clean energy by 2050. SMM believes lower taxes and equipment import costs will support utility-scale and distributed solar development, while improving the attractiveness of local renewable energy equipment manufacturing.

Iran’s Renewable Energy and Energy Efficiency Organization has submitted a proposal to deploy 15GW of small-scale solar plants across residential, commercial and agricultural sectors. SATBA said both domestic manufacturing and equipment imports will be needed to support rapid installations, while additional financing support for home solar systems has also been proposed. The program will focus on rooftop, home, commercial and agricultural PV systems, with standardized packages including solar panels, hybrid inverters and batteries. SMM believes Iran is shifting part of its renewable strategy from large-scale plants toward distributed and small-scale solar-plus-storage systems, with equipment supply, financing mechanisms and installation training becoming key factors for implementation.

Ingka Investments, the investment arm of the largest IKEA retailer Ingka Group, has acquired its first two operational solar parks in Spain, expanding its renewable energy footprint across the Iberian market. The acquisition includes the La Oliva Solar Farm in Toledo and a second project in Murcia, which are expected to generate 51 GWh and 55 GWh annually, respectively. Combined, the two facilities will pump 106 GWh of clean electricity into the grid each year. This move builds on Ingka Group's broader strategy to green its value chain, following a 440 MW solar capacity purchase in Germany and Spain in 2022. It also complements Ingka Investments' recent project in Portugal, where the company hybridized an existing wind farm with solar panels. Together, these new Spanish assets and the upgraded Portuguese site are projected to drive the group's total Iberian renewable energy output to 323 GWh per year. To date, Ingka Group has invested or committed a staggering €4.3 billion globally into renewable energy initiatives.

Spanish renewable energy developer Fotowatio Renewable Ventures (FRV) has announced that it has secured 2.3GW of grid connection capacity in Germany for the development of battery energy storage (BESS), solar, and hybrid energy projects, with the relevant projects expected to progressively reach "Ready to Build" (RTB) status between 2026 and 2029. The projects are mainly distributed across the states of Brandenburg, Lower Saxony, and North Rhine-Westphalia, covering standalone storage, solar, and hybrid solar-storage projects. Among them, a 750MW storage project in Brandenburg is nearing construction permit approval; the Lower Saxony portfolio totals nearly 700MW, including a 600MW battery storage facility, a 13.8MW solar plant, and three hybrid projects; while North Rhine-Westphalia is planning a portfolio exceeding 900MW in total scale, including a 900MW/3,600MWh battery storage facility. FRV stated that, against the backdrop of widespread grid connection constraints facing large-scale renewable energy projects in Germany, securing transmission grid access capacity in advance will provide critical assurance for project development. The company plans to deploy 2-hour and 4-hour duration storage systems, storing surplus renewable energy and releasing it during peak demand periods to enhance grid flexibility and renewable energy absorption capacity, supporting Germany's energy transition.