Industrial Policy & Trade Monitor· 2665 actions· ✨ 90 recent

President Daniel Noboa signed Executive Decree 273 on 31 December 2025 (effective 1 January 2026), the most significant overhaul of Ecuador's mining regulation since the 2009 Mining Code. The decree amends the Reglamento General a la Ley de Minería to (i) replace the fixed 3–8% royalty range with a price-indexed sliding scale tied to a trailing three-year LME reference price, (ii) require all mining projects to supply 100% of their electricity needs (no grid draw), (iii) tighten exploration-phase timelines and introduce automatic extinction of concessions where activities do not begin in time, (iv) modify royalty-deduction rules so gold/silver royalties are computed on gross revenue without deductions while small/medium operators of other metals can still deduct refining/transport/benefit costs, and (v) allocate 60% of mining royalties to social projects via decentralised governments (45% provincial, 35% municipal, 20% parochial). The decree was published in Registro Oficial Suplemento 195 of 31 December 2025 and is not retroactive.

On 30 December 2025, the Estonian Centre for Defence Investments (RKIK), an agency under the Ministry of Defence, signed framework agreements with four companies to build production facilities at the Ermistu Defence Industrial Park in Pärnumaa county. The state commits more than €50 million in core site infrastructure (access roads, electricity grid connections, water/wastewater, perimeter security); the four selected companies are expected to match that with comparable private investment in their own production buildings. Commercial production at all four facilities is scheduled to begin in 2027, establishing Estonia's first domestically-produced ammunition, explosive-charge, short-range air-defence missile, and plastic-explosives capacity in nearly a century.

Japan's Cabinet approved the FY2026 (Reiwa 8) national budget on 26 December 2025, under which METI's Agency for Natural Resources and Energy (ANRE) funds a new financial-grant line, the "Decarbonized Power Source Regional Contribution Investment Promotion Project" (脱炭素電源地域貢献型 投資促進事業), for the fiscal year running 1 April 2026 to 31 March 2027. The programme subsidizes large-scale capital investment by electricity consumers -- prioritising data centres and industrial facilities -- that agree to site near decarbonized power sources (nuclear, renewables) and contribute economically to the host municipality, as one of four designated tracks under Japan's GX Strategy Area system. ANRE opened its solicitation for the executing body that will administer FY2026 disbursements via a public offer published 5 February 2026.

Zambia enacted the Income Tax (Amendment) (No. 2) Act No. 17 of 2025, assented to 23 December 2025 and effective 1 January 2026, introducing two mining-specific fiscal provisions. First, interest deductibility is capped at 30% of tax EBITDA for all companies, with unrelieved interest carry-forwardable for up to five years (general) or ten years for entities in mining and electricity generation. Second, mining companies deriving at least 75% of gross income in foreign exchange from outside Zambia may maintain their books of accounts in US dollars, reducing FX translation risk for dollar-denominated operators. Both measures are structurally distinct from the concurrent Act No. 10 of 2025 (Minimum Alternative Tax and loss carry-forward cap).

The Mexican federal government published the Programa Sectorial de Energía 2025-2030 (PMSE) in the Diario Oficial de la Federación on 22 December 2025, establishing a binding five-year state-led energy-planning mandate for the Sheinbaum administration (2024-2030). The PMSE mandates a 54-46 state-to-private electricity generation mix, sets a 35 GW new clean-generation target by 2030 (13.6 GW from CFE + 22 GW from private/state/community projects), and formally supersedes the prior market-led Estrategia Nacional de Energía 2018-2032 and PRODESEN architecture. The Program is legally mandatory for all federal public administration entities including CFE, PEMEX, CENACE, and CENAGAS, operationalising the 2024 constitutional reform that restored CFE and PEMEX to strategic-sector status under Articles 27 and 28 of the Constitution.

On 20 December 2025, the African Export-Import Bank (Afreximbank) signed a USD 750 million dual-tranche senior secured reserve-based lending facility for Heirs Energies Limited, a Nigerian upstream oil and gas producer chaired by Tony O. Elumelu, at a ceremony in Abuja. Afreximbank acted as Mandated Lead Arranger, Facility Agent and Security Agent; the facility is intended to optimise Heirs Energies' capital structure and fund working capital as the company pursues its field development programme on OML 17, where it produces roughly 50,000 barrels per day plus associated and non-associated gas supplying three power plants that account for about 15% of Nigeria's installed electricity-generation capacity. Global Trade Alert logs the transaction as a state-linked loan intervention given Afreximbank's supranational, treaty-based public-development-finance mandate.

On 19 December 2025 the Swiss Federal Assembly adopted in final vote the Federal Act on the Screening of Foreign Investments (Bundesgesetz über die Prüfung ausländischer Investitionen, Investitionsprüfgesetz / IPG; popularly the "Lex China", parliamentary business 22.035). The Act introduces Switzerland's first general ex-ante FDI-screening regime: acquisitions of control over Swiss companies active in security-critical sectors by foreign state-controlled investors require prior approval by SECO, with escalation to the Federal Council. The optional- referendum window runs until 17 April 2026; entry into force is not expected before 2027 once implementing ordinances are adopted. Critical sectors named in the Act include military and dual-use goods, electricity grids and generation, water supply, pharma and health, telecommunications, transport infrastructure and financial-market infrastructure.

Australia's government-owned Clean Energy Finance Corporation announced on 18 December 2025 an AUD 147 million (approx. USD 97 million) investment backing Aula Energy's Carmody's Hill Wind Farm, a 256.2 MW, 42-turbine project in mid-north South Australia (180km north of Adelaide) connecting into the existing 275kV Davenport-to-Brinkworth transmission line. The CEFC states this is the first wind farm to reach notice-to-proceed with Capacity Investment Scheme (CIS) agreement support and the first large-scale wind farm in the National Electricity Market to reach notice-to-proceed in 2025. Aula Energy has secured an offtake agreement covering more than 40% of generation with Snowy Hydro; the project is expected to support up to 200 construction jobs and power the equivalent of over 195,000 South Australian homes. Global Trade Alert separately logs the transaction as a "red"-flagged state-aid intervention (state act 95753 / intervention 151501).

The European Commission cleared a EUR 172 million Dutch state-aid measure to fund preparatory activities of Nucleaire Energie Organisatie Nederland B.V. ("NEO NL"), the state-owned holding company the Dutch cabinet is establishing to develop two new nuclear power plants. The financing — provided as a state loan/capital contribution against a cabinet-requested ceiling of up to EUR 222 million for 2026-27 — covers technology-vendor selection, licensing work and other pre-construction preparation, and does not itself cover plant construction or operation. The Commission found the measure compatible with EU state-aid rules as contributing to decarbonisation of the Dutch energy mix.

KfW IPEX-Bank, the project- and export-finance arm of Germany's state-owned development bank KfW, announced on 16 December 2025 a EUR 150 million loan to Nowega GmbH, a Münster-based transmission system operator, to convert and expand its hydrogen infrastructure and develop biogas infrastructure. DekaBank co-financed a further EUR 30 million, bringing the total package to EUR 180 million. The financing supports converting existing high-pressure gas pipelines (part of Nowega's 1,500 km network) for hydrogen transport as part of Germany's national hydrogen core network (Wasserstoffkernnetz) build-out; KfW IPEX-Bank previously provided Nowega EUR 40 million for the same purpose in 2020. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked lending-support intervention (state act 95711 / intervention 151431).

The European Investment Bank approved a EUR 490 million loan on 12 December 2025 to Greece's Independent Power Transmission Operator (IPTO/ADMIE) to finance the North-East Aegean Interconnection project, which will connect the islands of Lemnos, Lesvos, Chios, Samos and Skyros to the mainland transmission grid via 150 kV AC subsea cable interconnectors and gas-insulated substations. The financing was disbursed in three tranches (EUR 50m on 17 December 2025, EUR 238m on 23 December 2025, EUR 202m on 26 January 2026) against a total project cost of approximately EUR 1.628 billion, with the balance funded by EU grants, IPTO's own resources, and other lenders. The project replaces island diesel/heavy-fuel-oil generation with mainland-grid supply and supports EU REPowerEU and renewable-integration objectives.

The European Investment Bank announced a EUR 450 million loan on 4 December 2025 to ORES, the Walloon electricity and gas distribution operator, to finance its 2025-2027 network investment programme across five Walloon provinces (Hainaut, Namur, Walloon Brabant, Luxembourg, Liège). Funds cover new substations, overhead-line replacement, underground-cable reinforcement, smart-meter deployment, and network automation to support renewable-generation connection and e-mobility uptake. The loan is drawn down over two years and repaid over a maximum 20-year term at fixed or variable rates; it is EIB's second loan to ORES, following a EUR 550 million financing signed in 2018, bringing cumulative EIB support for Walloon distribution-grid modernisation to EUR 1 billion.

The Ivorian Council of Ministers adopted on 3 December 2025 the Politique Intégrée des Ressources Minérales et de l'Énergie (PIRME), a 15-year cross-sector extractive and energy industrial-policy strategy requiring CFA 38,000 billion (~USD 68bn) across three five-year phases to 2040. The policy targets doubling the mining-energy sector's GDP contribution from 7% (2022) to 14% by 2040, positioning it as the economy's second pillar after agriculture. Core mandates include a 50% local transformation target for gold, a 10 million-tonne iron-ore production target, a 500,000 bbl/day oil production target, 45% renewable energy integration, and a 38% reduction in energy-sector emissions — backed by national-content and value-addition requirements across mining, hydrocarbons, and electricity sub-sectors.

The US Department of Energy selected the Tennessee Valley Authority (TVA) and Holtec Government Services to receive up to $800 million in combined federal cost-shared funding — $400 million each — to accelerate deployment of advanced light-water small modular reactors (SMRs). TVA's award backs a GE Vernova Hitachi BWRX-300 unit at the Clinch River site in Oak Ridge, Tennessee, targeted to be the nation's first commercial SMR (commercial operation targeted early 2030s), with domestic supply-chain partners Scot Forge, North American Forgemasters, BWX Technologies and Aecon. Holtec's award backs deployment of two SMR-300 units at the Palisades Nuclear Generating Station site in Covert, Michigan. The program is intended to expand US SMR manufacturing capacity and seed follow-on domestic and export supply chains.

On 30 November 2025 the African Development Bank Group's Board of Directors approved a USD 16.5 million loan to OrPower Twenty-Two (OTTL), an independent power producer, to support development of a 35 MW geothermal power plant in Kenya's Menengai field. The loan is part of a USD 64.4 million debt package (alongside expected IFC co-financing) against an estimated USD 91.9 million total project cost. Global Trade Alert logs the transaction as a state-linked development-finance intervention.

The European Investment Bank signed a strategic agreement with Crédit Agricole CIB on 28 November 2025 under which the EIB provides a EUR 500 million counter-guarantee, enabling Crédit Agricole CIB to build a portfolio of bank guarantees worth up to EUR 1 billion for clients supplying new European wind farm projects. The EIB cites an expected leverage of up to EUR 8 billion in real-economy investment across the wind supply chain and electricity grid by 2027, backed by InvestEU and forming part of the EIB's broader EUR 6.5 billion Pan-EU Wind Power Package. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked lending-support intervention (state act 95159).

KfW IPEX-Bank, the project- and export-finance arm of Germany's state-owned development bank KfW, announced on 28 November 2025 that it structured earmarked, unsecured 19-year corporate financing in the "mid-three-digit-million" British pound range for MVV Energie AG's Medworth thermal waste treatment (energy-from-waste) plant under construction in Wisbech, Cambridgeshire, England — MVV's fourth UK plant and, at roughly EUR 500 million in total project investment, the largest single investment in MVV's history. Swiss Export Risk Insurance (SERV) covers the majority of the construction-phase buyer credit for the first time in an MVV financing. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked financial-assistance-in-a- foreign-market intervention (state act 95518 / intervention 151093).

The European Investment Bank and Commerzbank signed a EUR 500 million line-by-line guarantee agreement under the new Growth for Energy (G4E) programme, the first of its kind in Europe. The EIB covers up to 50% of Commerzbank's risk exposure on qualifying sub-loans (each project under EUR 80 million) to German Stadtwerke municipal utilities financing renewable electricity generation, district heating and electricity grid reinforcement, with the risk-sharing structure expected to mobilise roughly EUR 1.2 billion of total investment in local energy infrastructure to support Germany's Energiewende.

Mozambique's Council of Ministers, at its 39th Ordinary Session on 18 November 2025, approved the terms and conditions of a concession contract granting a state-company consortium the exclusive right to finance, construct, import, and operate (i) a floating storage and regasification unit (FSRU) LNG terminal at Beira and Inhassoro (Inhambane province), and (ii) the 865-km ROMPCO gas pipeline connecting Mozambican gas fields to South Africa via Komatipoort — both for a 30-year concession term. The concessionaire is a Specific Object Entity (Entidade de Objecto Específico, EOE) constituted by four state enterprises — the National Hydrocarbon Company (ENH, E.P.), Mozambique Ports & Railways (CFM), Mozambique Electricity (EDM), and Cahora Bassa Hydroelectric (HCB) — plus government-selected technical and financial partners. The decree marks the first midstream LNG infrastructure-rights award in Mozambique and represents a foundational shift toward state-led control of the country's regasification and cross-border pipeline architecture rather than concession to international IOCs.

The Canada Infrastructure Bank provided a CAD 139.5 million (approx. USD 99.4 million) loan to BC Hydro, a provincial Crown utility, to fund the early-works phase of the North Coast Transmission Line (NCTL) in northwest British Columbia. Early works cover project planning, engineering, fieldwork, procurement, First Nations consultation and stakeholder engagement ahead of construction. The financing responds to anticipated electricity demand growth from port operations, mining (including critical-minerals projects), hydrogen production, LNG and technology sectors that is expected to exceed the capacity of the region's existing single 500-kV transmission line from Prince George to Terrace.

The UK government confirmed Wylfa on Anglesey, North Wales as the site for the country's first government-backed small modular reactor (SMR) power station, committing over GBP 2.5 billion (~USD 3.3bn) to the programme via state-owned developer Great British Energy – Nuclear (GBE-N). GBE-N named Rolls-Royce SMR as preferred bidder, with an initial three-reactor deployment (scope for five more) targeting grid connection by the mid-2030s and up to 1.5GW of capacity — enough to power roughly three million homes. Site work is set to begin in 2026, subject to final government approvals and contract signature.

The European Investment Bank signed a EUR 220 million loan agreement with WEMAG on 12 November 2025 (press release published 9 January 2026) to finance more than one-third of WEMAG Netz GmbH's 2025-2029 electricity distribution grid investment programme in West Mecklenburg, Mecklenburg-Vorpommern. The financing supports new substations, network reinforcement, and grid automation to accommodate renewable-generation connection, electromobility load growth, and heat-pump adoption, and forms part of WEMAG's wider EUR 1.2 billion grid-investment plan through 2033.

The European Investment Bank signed a EUR 100 million (SEK 1.1 billion) loan agreement with Holmen, a Swedish forest-industry group, to finance the expansion of the company's onshore wind generation capacity in northern Sweden's electricity price regions. The financing, signed 30 October 2025 and announced via EIB press release on 3 November 2025, supports the European Commission's RePowerEU initiative and is intended to strengthen energy-intensive industry supply and Europe's clean-power resilience. Global Trade Alert logged the loan as a state-loan intervention on 30 October 2025.

The Canada Infrastructure Bank provided a CAD 42 million (approx. USD 30.7 million) repayable loan to George Gordon Development Limited (GGDL), the economic-development arm of George Gordon First Nation, to fund the Wicehtowak Solar project — a 32.4 MW solar facility in the Rural Municipality of Dufferin, Saskatchewan. The loan enables GGFN to acquire full ownership of the project, which will supply Saskatchewan's grid under a 30-year virtual power purchase agreement with SaskPower and deliver power directly to the adjacent K+S Potash Canada mine. Natural Resources Canada separately provided a CAD 33 million grant under the Smart Renewables Electrification Pathways Program toward the same project.

The European Investment Bank signed a EUR 90 million loan agreement with Teollisuuden Voima Oyj (TVO) on 22 October 2025 (press release published 30 October 2025) to finance safety and modernisation upgrades at the Olkiluoto 1 and 2 nuclear reactors in Finland, including automation and control-system updates and replacement of steam-separator components. The improvements are required under Finnish and EU nuclear-safety legislation and will be implemented progressively over a multi-year timeline. Olkiluoto supplies about 28% of Finland's electricity.

The Texas Energy Fund (TxEF), administered by the Public Utility Commission of Texas (PUCT), finalized a USD 1.12 billion low-interest (3%) 20-year state loan to Competitive Power Ventures (CPV) to fund 60% of the USD 1.88 billion cost of the CPV Basin Ranch Energy Center, a 1,350 MW combined-cycle natural-gas plant in Ward County (Permian Basin), Texas. The loan term runs 28 October 2025 to 28 October 2045; the plant is expected online in 2029 in the ERCOT West Load Zone and is explicitly framed by the state as capacity to serve West Texas AI/data-center electricity demand. This is the fifth loan finalized under TxEF's In-ERCOT Generation Loan Program and the largest single project financed under it to date, taking cumulative TxEF-backed capacity above 3,100 MW.

The European Commission approved, under EU State aid rules, an Estonian strategic reserve scheme worth EUR 750 million (USD 872 million) to safeguard security of electricity supply in emergency situations. The reserve remunerates generation, demand-side-response and storage capacity held outside the normal market and dispatched only when demand exceeds available supply, such as periods of low wind/solar output coinciding with peak consumption. Capacity will be selected through a competitive, technology-neutral, non-discriminatory bidding process, and the scheme will run until 31 December 2035.

Singapore's Energy Market Authority announced on 27 October 2025 that it will award up to S$44 million under the Advanced Combined Cycle Gas Turbine (CCGT) Incentive Scheme to Keppel's Infrastructure Division and Sembcorp Industries, operators of the first two advanced CCGTs in Singapore. The grant offsets the initial cost disadvantage of adopting higher-efficiency, hydrogen-ready CCGT units — each unit is expected to emit at least 200,000 tonnes less carbon annually than existing plants — with the units to be operational by December 2026 and 2027 respectively. This is a domestic industrial-policy subsidy with no cross-border trade restriction; filed for IPTM's tracking of state financing for power-sector decarbonisation capex.

On 23 October 2025, Canada's federal Canada Growth Fund (CGF) and the Government of Ontario's Building Ontario Fund (BOF) announced an equity commitment agreement to finance the Darlington New Nuclear Project (DNNP) small modular reactor (SMR) build, led by Ontario Power Generation (OPG). CGF committed up to CAD 2 billion (USD 1.43bn) for a 15% minority stake and BOF committed up to CAD 1 billion (USD 713.5m) for a 7.5% minority stake, with OPG remaining majority owner and operator. The combined CAD 3 billion package funds construction of four grid-scale SMRs — the first commercial SMR deployment among G7 nations — targeting first-unit grid connection by end-2030.

The European Investment Bank led a EUR 318 million non-recourse project-financing package for AB Ignitis Grupė, signed 22 October 2025, to fund the design, construction and operation of the 314 MW Kelmė onshore wind farm in western Lithuania. The EIB provided EUR 100 million of the package, alongside EUR 98.5 million from Swedbank, EUR 79.5 million from the European Bank for Reconstruction and Development, and EUR 40 million from the Nordic Investment Bank, against a total project cost of approximately EUR 550 million. The plant, comprising 44 Nordex N163/6.X turbines, became operational in June 2025 and is the largest wind farm in the Baltic states, supplying power equivalent to roughly 250,000 Lithuanian households.

The European Investment Bank signed the first tranche (EUR 102.9 million, CZK 2.5 billion) of a EUR 381.8 million (CZK 9.28 billion) financing package with CEPS, the Czech state-owned electricity transmission system operator, on 20 October 2025. The loan, approved by the EIB board on 13 August 2025, finances reinforcement and modernisation of the Czech 400kV transmission network over 2025-2030, covering refurbishment and addition of 509km of lines, out of a total project cost of CZK 12.37 billion (approx. EUR 506 million). A second tranche (EUR 278.9 million) was signed 5 February 2026.

The California Energy Commission approved a USD 25 million grant to SE US Development LLC (SB Energy) under the state's Distributed Electricity Backup Assets (DEBA) program, adopted via resolution at the Commission's October 8, 2025 business meeting (Agreement DBA-25-002). The grant partially funds a 75MW/300MWh slice of a planned 400MW/1,600MWh lithium-ion battery energy storage system (BESS) that SB Energy is retrofitting to its existing 450MWac Athos Solar I + II complex in Riverside County. SB Energy is separately funding roughly USD 10.5 million of the BESS installation cost, with the CEC grant covering the bulk of battery procurement plus a smaller allocation to engineering and construction management; funds must be spent by June 30, 2030 to be reimbursed.

The European Investment Bank signed a EUR 200 million loan with Dolomiti Energia Holding SpA on 6 October 2025 to finance the group's 2030 investment programme. 55% of the funding backs new onshore wind farms in Campania and Puglia (121 MW combined capacity), and 45% finances renovation and development of the power grid in the Autonomous Province of Trento, including new high-voltage lines and substations. 70.5% of the facility is backed by an InvestEU guarantee, and the project is expected to create approximately 500 jobs during implementation.

The European Investment Bank, the Spanish Ministry of Economy, Trade and Business, and Endesa SA agreed a EUR 650 million financing package on 29 September 2025 to modernise, digitalise and reinforce Endesa's electricity distribution network across six Spanish autonomous communities during 2025-2027. The package comprises a EUR 500 million loan channelling NextGenerationEU Recovery Plan funds through Spain's Autonomous Resilience Fund (FRA), plus a EUR 150 million EIB own-funds loan representing the first tranche of a EUR 500 million facility already approved by the Bank. Financing covers smart meters, advanced transformers, grid digitalisation software, new substations and underground cabling, with over half the investment targeted at economically disadvantaged regions.

On 23 September 2025 the European Commission approved, under EU State aid rules (case SA.120081), a EUR 100 million budget increase to Portugal's scheme compensating energy-intensive companies for indirect emission costs — the higher electricity prices passed through from carbon costs under the EU Emissions Trading System (ETS). The increase raises the scheme's total budget to EUR 275 million and was notified to avoid a significant reduction in per-company compensation levels for costs incurred during 2021-2030 (final payments due 2031). The Commission found the amended scheme continues to satisfy the ETS State aid Guidelines, which exist to prevent carbon leakage — energy-intensive firms relocating production outside the EU to jurisdictions with less ambitious climate policy.

On 18 September 2025, the Australian Government published the Net Zero Plan 2050 and six sectoral emissions-reduction plans covering Electricity & Energy, Industry, Transport, Built Environment, Agriculture & Land, and Resources. The Net Zero Plan establishes the overarching policy architecture to achieve Australia's 62–70% emissions-reduction target (below 2005 levels) by 2035 and net zero by 2050, structured around five "CLEAN" strategic priorities. The six sector plans provide detailed decarbonisation pathways, capex envelopes, and policy-instrument linkages that frame operation of the Future Made in Australia Act, the Critical Minerals Production Tax Incentive, the Capacity Investment Scheme, and the Safeguard Mechanism for the following decade. The plans were released simultaneously with Australia's updated 2035 Nationally Determined Contribution submitted to the UNFCCC.

Argentina's Ministry of Economy issued Resolución 1254/2025 (Boletín Oficial, 27 August 2025) approving the adhesion of Generación Eléctrica Argentina Renovable I SA's dedicated branch ("GEAR I SDE") to the Régimen de Incentivo para Grandes Inversiones (RIGI) under Law 27.742, for the 180 MW "P.E. Olavarría" wind farm in Olavarría, Buenos Aires province. The declared total investment is USD 275.59 million (USD 255.11 million in computable assets), granting the project RIGI's 30-year tax, customs and FX-stability package. GEAR I SDE's accession dates to 25 July 2025; it must reach 40% of the minimum qualifying investment within two years and complete the minimum by 30 November 2027. The plant is designed to supply ArcelorMittal Acindar's Argentine steel plants directly rather than to export power, substituting an estimated 20% of national electricity consumption equivalent for the offtaker and qualifying for import-tariff relief on capital goods under Law 27.742 Article 190.

On 27 August 2025 the Royal Government of Cambodia issued Sub-Decree No. 161, amending Annex II (List of Categorization of Investment Activities) of Sub-Decree No. 139 of 26 June 2023 — the principal implementing decree of the 2021 Law on Investment (Royal Kram NS/RKM/1021/014). The amendment reclassifies investment activities in the production of electricity generated from renewable energy from Group 2 (medium-technology investment activities) to Group 1 (priority-sector investment activities), the highest-tier category under Cambodia's CDC-administered Qualified Investment Project (QIP) route. Group 1 elevation entitles qualifying RE-generation projects to a nine-year corporate income tax holiday (the maximum under the Annex IV incentive matrix), full customs-duty exemption on imports of construction materials, production equipment, and production inputs, priority-sector premiums, accelerated CDC investment-licence processing, and Special Economic Zone overlays where applicable. The reclassification reflects Cambodia's Cambodia Power Development Master Plan 2022-2040, which targets 70% renewable energy in the national power mix by 2030. Sub-Decree 161 is the foundational KH-issuer post-2021 Investment Law implementing decree for the RE sector, providing the regulatory anchor for project bankability assessments under Cambodia's evolving competitive-auction (post-feed-in-tariff) pricing regime being structured by the Ministry of Mines and Energy and the Electricity Authority of Cambodia (EAC). It brings Cambodia into alignment with parallel ASEAN investment-incentive-amendment instruments in Vietnam, Laos, and Thailand.

NRW.BANK, the state-owned promotional bank of North Rhine-Westphalia, provided EUR 22.9 million in financing to Stadtwerke Solingen, the municipal utility of the city of Solingen, as part of a roughly EUR 98 million package (structured with additional partners DAL Deutsche Anlagen-Leasing, Deutsche Kreditbank AG and DZ BANK AG) to renew and expand the utility's electricity, gas and water distribution infrastructure. The funded works include gas and water pipeline renewal and expansion of electricity distribution assets such as transformer stations, meters and smart-metering systems, with implementation planned through 2028.

NIB, the multilateral development bank owned by the eight Nordic and Baltic member states, signed a EUR 50 million (approx. USD 58.4 million), 10-year loan with Vantaa Energy Ltd (Vantaan Energia Oy) to finance electricity network investments for 2024-2028, including new power lines, substations and smart meters. The financing is expected to raise regional grid capacity by 250-300 MW and connect roughly 12,000 new customers. NIB's below-market development-bank funding cost functions as a state-adjacent subsidy for Finnish grid infrastructure buildout.

India's Cabinet Committee on Economic Affairs approved an INR 8,146.21 crore (~USD 980 million) investment proposal for the 700 MW (4x175 MW) Tato-II Hydro Electric Project in Shi Yomi district, Arunachal Pradesh, to be built over 72 months by a joint venture between North Eastern Electric Power Corporation Ltd (NEEPCO) and the Government of Arunachal Pradesh. The Government of India component consists of INR 436.13 crore in central financial assistance toward the state's equity share plus INR 458.79 crore in budgetary support for enabling infrastructure (roads, bridges, transmission lines) — together INR 894.92 crore (~USD 108 million) of direct central subsidy. Arunachal Pradesh receives 12% free power and a 1% local-area-development-fund allocation from project output.

The European Investment Bank signed a EUR 221.5 million green loan with Albasolar Srl (a project vehicle of promoter GreenIT SpA) on 5 August 2025 to finance the "ALBA SOLAR PV GREEN LOAN" project: development, construction and operation of a portfolio of roughly 14 solar PV plants across Italy totalling 383 MWp, with individual plant capacities ranging 5-80 MWp. The loan was disbursed as three tranches signed the same day (EUR 7.75m, EUR 42.75m and EUR 171.0m), against an EIB-estimated total project cost of approximately EUR 400 million and proposed EIB financing of up to EUR 250 million.

The California Energy Commission, via its Clean Transportation Program and the state's Greenhouse Gas Reduction Fund, opened a USD 55 million incentive window under the California Electric Vehicle Infrastructure Project (CALeVIP) "Fast Charge California Project." The program funds up to 100% of direct-current fast-charger installation costs statewide, at USD 55,000 per port for 150-274.99 kW chargers and USD 100,000 per port for chargers over 275 kW, with priority given to tribal, disadvantaged, and low-income communities. Applications closed October 29, 2025; the window built on the CALeVIP program's first Fast Charge California window, which had already awarded roughly USD 54 million toward more than 1,200 fast-charging ports across 35 counties.

On 31 July 2025 Israel's Investment and Industrial and Economic Development Authority (part of the Ministry of Economy and Industry) published Director General's Order 4.82, opening an ILS ~300 million (~$81m) grant channel to help industrial facilities convert fuel/electricity consumption systems and improve energy efficiency, in order to cut greenhouse-gas emissions. Support covers up to 40% of qualifying investment (50% for small applicants), with a bonus for projects that also handle regulated refrigerants during equipment scrapping. The application window closed 15 September 2025.

The European Commission approved, under EU State aid rules, a Swedish strategic reserve scheme worth EUR 300 million to safeguard security of electricity supply in emergency situations. The reserve remunerates generation, demand-side-response and storage capacity held outside the normal market and dispatched only when demand exceeds available supply, typically during winter peak-demand periods. Capacity will be selected through a competitive, technology-neutral, non-discriminatory bidding process, with the scheme authorised to run until 2035.

The Australian Renewable Energy Agency (ARENA) committed AUD 44.9 million to Calix Limited to build a demonstration plant for its Zero Emissions Steel Technology (ZESTY), targeting up to 30,000 tonnes per year of low-carbon hydrogen direct reduced iron (HDRI) and hot briquetted iron (HBI) using renewable electricity and hydrogen instead of coking coal. The funding builds on prior ARENA-funded engineering studies and also supports early-stage engineering for a larger commercial-scale ZESTY plant, positioning low-emissions iron/steel as a strategic priority industry for Australia.

The Canada Infrastructure Bank closed a CAD 24 million (approx. USD 18 million) loan to the Onimiskiw Opitciwan Limited Partnership, owned by the Atikamekw of Opitciwan First Nation in Northern Quebec, to build and operate a 4.8-megawatt biomass cogeneration facility. The plant will burn bark, sawdust and woodchips from an adjacent sawmill to generate electricity and process steam, displacing an estimated 4.6 million litres of diesel per year and cutting over 11,000 tonnes of emissions annually for the remote, diesel-dependent community of 2,500 people.

Iberdrola Clientes' GRHENA project — a green industrial-heat generation hub at the Chemical Industrial Park of Tarragona, Spain, designed to produce up to 648 GWh/year of steam via electric boilers powered by renewable electricity — was awarded a EUR 53,938,146 (~USD 63.5 million) grant under the European Commission's Innovation Fund. The Grant Agreement was signed on 22 July 2025 as part of a batch of six Innovation Fund 2023 general-call projects (worth EUR 319 million combined) that collectively target 24.1 million tonnes of CO2-equivalent avoided over their first ten years of operation. GRHENA is described as the first large-scale demonstrator of direct industrial electrification of heat generation, replacing natural gas at the Tarragona chemical complex.

H.R.1, the "One Big Beautiful Bill Act" (Public Law 119-21), was signed into law by President Trump on 4 July 2025. The budget-reconciliation statute is the single largest reversal of the 2022 Inflation Reduction Act (IRA) industrial-policy framework: it accelerates the termination of IRA-era clean- energy tax credits and overlays a new "Foreign Entity of Concern" (FEOC) / "Prohibited Foreign Entity" (PFE) regime on the credits that survive. The §25E used-EV credit, the §30D new clean-vehicle credit, the §45W commercial clean-vehicle credit, and the §30C alternative-fuel-refueling-property credit terminate for vehicles or property placed in service after 30 September 2025. The §25C energy-efficient home improvement credit and the §25D residential clean-energy credit terminate for property placed in service after 31 December 2025. The §45Y clean-electricity production credit and §48E clean-electricity investment credit are eliminated for wind and solar facilities placed in service after 31 December 2027, with a safe harbour for projects whose construction begins on or before 4 July 2026. From 1 January 2026, projects beginning construction must satisfy "material assistance" thresholds limiting the share of components, subcomponents and critical minerals sourced from prohibited foreign entities (PRC, Russia, Iran, DPRK and entities controlled by them). For §45Y/§48E facilities the threshold starts at 40% non-PFE content in 2026 and steps up by 5 percentage points per year through 2030; for §45X advanced manufacturing PTC the analogous schedule begins at 50% in 2026 and rises through the decade. CBO scored the package's energy-credit terminations as generating roughly USD 280bn of revenue (gross), of which USD 77.4bn from §25D termination, USD 21.2bn from §25C, USD 77.8bn from §30D, USD 104.5bn from §45W, and USD 2bn from §30C, partially offsetting the bill's other tax cuts. The bill simultaneously re-authorises and broadens the §48D advanced manufacturing investment tax credit for semiconductor fabs, raising the credit rate from 25% to 35% for property placed in service after 31 December 2025 (preserving the CHIPS Act-aligned semiconductor leg of the IRA-era stack). The OBBBA therefore reshapes the IRA from a broad-based clean-energy + EV + manufacturing pull-through into a narrower, China-decoupling industrial policy concentrated on semiconductors and (residually) §45X battery / critical- mineral processing.

South African Cabinet on 25 June 2025 approved a three-part package to revitalise the domestic ferrochrome sector: (i) placement of chrome ore under export control via the International Trade Administration Commission (ITAC) under the International Trade Administration Act 71 of 2002, requiring an export permit prior to dispatch; (ii) initiation of work on a chrome ore export tax (rate not finalised; market reporting cites 25%); (iii) expanded SEZ incentives for ferrochrome smelters and a negotiated electricity- tariff relief mechanism. The DTIC notice formally placing chrome ore under export control was published in Government Gazette No. 53477 General Notice 6712 on 3 October 2025 with a 30-day public-comment window closing 31 October 2025; the final permit regime takes effect upon subsequent ministerial gazette notice. South Africa accounts for >70% of seaborne chrome ore exports, so the regime is globally material to stainless-steel supply chains.