Renewable Energy Weekly — 2026-10-20
Mexico's state utility CFE is set to vote on a massive US$12.5 billion solar and wind plan today, October 20. In other developments, energyRe closed an $815 million financing package for US solar projects, and Impact Fund Denmark invested in a 500 MWp solar project in the Philippines. Meanwhile, the Global Green Hydrogen Market report highlights the impact of EU mandates and maritime ammonia on selective investment opportunities.
Renewable Energy Weekly — 2026-10-20
Mexico CFE to Vote on US$12.5 Billion Solar and Wind Plan
- What happened: Mexico's state utility, CFE, is expected to vote on a comprehensive solar and wind plan valued at approximately US$12.5 billion on October 20.
- Why it matters: This massive investment signals a significant shift in Mexico's energy infrastructure, aiming to bolster renewable capacity and reduce reliance on fossil fuels.
- Scale: US$12.5 billion investment in solar and wind projects.
energyRe Closes $815 Million Financing for US Solar Projects
- What happened: energyRe has finalized an $815 million financing package for five utility-scale solar projects in South Carolina.
- Why it matters: This financing supports the expansion of utility-scale solar capacity in the US, backed by 25-year power purchase agreements.
- Scale: $815 million investment for approximately 360 MW of combined capacity.
Impact Fund Denmark Invests in 500 MWp Philippine Solar Project
- What happened: Impact Fund Denmark is investing in the 500 MWp Lasso 2 solar project in northern Luzon, Philippines, developed and operated by Vena Energy.
- Why it matters: This investment highlights the growing interest of international funds in Southeast Asian renewable energy markets, particularly in the Philippines.
- Scale: 500 MWp solar project under development.
Project Tracker
| Project | Type | Capacity | Location | Status | Source |
|---|---|---|---|---|---|
| Lasso 2 | Solar | 500 MWp | Philippines | Under Development | |
| South Carolina Solar Projects | Solar | ~360 MW | South Carolina, US | Financing Closed | |
| Mexico CFE Plan | Solar/Wind | N/A | Mexico | Vote Expected |
Policy & Regulation
- Global: The newly released "Global Green Hydrogen Market 2027-2037" report indicates that EU mandates, industrial offtake, and maritime ammonia are driving selective investment opportunities in the green hydrogen sector.
- Global: Battery and energy storage targets for 2030 have nearly tripled since COP29 but remain far below the 1,500 GW pledge, according to Ember.
Investment & Finance
- energyRe: Closed an $815 million financing package for five utility-scale solar projects in South Carolina, US.
- Impact Fund Denmark: Investing in the 500 MWp Lasso 2 solar project in the Philippines, developed by Vena Energy.
- CFE Mexico: Expected to vote on a US$12.5 billion solar and wind plan.
Technology Spotlight
The "Global Green Hydrogen Market 2027-2037" report highlights that EU mandates, industrial offtake, and maritime ammonia are key drivers for selective investment opportunities in the green hydrogen sector.
Additionally, the green ammonia market is projected to reach USD 5.10 billion by 2035, supported by renewable hydrogen contracts for new production.
What to Watch Next Week
- REI Expo 2026: Running from October 22–24 in Greater Noida, India, alongside The Battery Show India and Energy Storage Summit India, spotlighting renewable energy and storage.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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