Tokyu Railway has finalized a corporate PPA to procure electricity from 98 MW (DC) of newly built solar capacity, marking a significant step in Japan’s corporate renewable market. Starting in fiscal 2026, the 25-year agreement will supply green power to major Tokyo metropolitan lines, including the Toyoko and Den-en-toshi lines. By fiscal 2028, approximately 30% of Tokyu’s annual traction electricity—110 million kWh—will be sourced from these new assets. Building on its 100% renewable operations achieved in 2022, this initiative underscores Tokyu's role in supporting Japan's transition from FIT subsidies toward market-based mechanisms. The move reflects a broader trend among Japanese conglomerates to secure long-term decarbonization through large-scale, offsite PPA structures.

Sweden installed 21,600 grid-connected solar plants last year, bringing the total to 314,600 installations and approximately 5.5 GW of cumulative capacity. This capacity is enough to cover the annual electricity consumption of about 13.4% of Swedish households. While total capacity continues to rise, the 15% growth rate marks a significant slowdown from the nearly 70% surge seen between 2022 and 2023. Despite the cooling pace, industry body Svensk Solenergi suggests last year’s 652 MW addition likely represents the market's low point, with solar remaining a vital piece of Sweden's fossil-free energy puzzle.

Australian engineering firm Worley Ltd has been awarded the front-end engineering and design FEED contract for the RjukanLH2 project, set to be the Nordic regions inaugural liquid green hydrogen facility in Norway. Led by Norwegian Hydrogen AS, the 25-MW plant is designed to produce 10 tonnes of liquid hydrogen per day using renewable electricity and next-generation modular alkaline electrolysers to serve the maritime and industrial sectors. The agreement includes an exclusive option for EPC services, with the execution phase slated to commence in the second half of 2026 and initial fuel deliveries targeted for 2028. Logistics giant Samskip has already been secured as an off-taker for the project.

Greece’s Public Power Corp (PPC) has completed 2.13 GW of solar PV installations on former lignite mine sites, creating the largest PV cluster in Europe. Capable of generating 3,150 GWh annually, the cluster covers nearly 6% of the country’s electricity consumption. Key projects include the 550 MW Phoebe plant and the 940 MW Amyntaio complex, developed in partnership with Germany’s RWE. To support these utility-scale assets, PPC is also deploying large-scale energy storage systems to enhance grid stability. PPC Deputy CEO Konstantinos Mavros noted that this transformation of coal mines into a green energy hub secures Greece's energy independence amid a volatile global landscape.

[Lead-Zinc Miner Updates] Yesterday, Luoping Zinc & Electricity (002114) responded to investor questions on its interactive platform, stating that the capacity of the Jinpo lead-zinc mine under its subsidiary Guizhou Derong Mining had not changed before and after the production resumption, and the actual production status would be publicly disclosed in the company's annual report.

Several major European markets recorded their lowest daily average electricity prices of the year last week, driven by decreased demand, higher solar production, and falling gas prices. On April 5, Germany’s price plunged to -€16.34/MWh—its lowest since July 2023—while France also saw negative daily averages. Except for Italy, weekly averages across most European markets stayed below €100/MWh, with Spain and Portugal recording the lowest averages at around €12/MWh due to robust solar output. While supply concerns and storage levels continue to fluctuate gas futures, the surge in renewable energy has significantly exerted downward pressure on power costs.