Clean Energy Deals Surge Globally: Geothermal, Solar PPAs Drive Net-Zero Progress in 2025

In the past 48 hours, the clean energy industry shows robust global momentum through major partnerships and deals, despite some softening in corporate procurement trends. Kazakhstan and China launched 2 billion dollars in renewable energy projects on February 23 to advance carbon neutrality, signaling strong bilateral investment in Asia.[1] Similarly, Hankook Tire signed Europes largest PPA in Hungary with GoldenPeaks Capital for 430 GWh of solar power over 10 years, replacing 20 percent of its plants electricity and accelerating net-zero goals.[8]

Key deals from the past week include Ormat Technologies' long-term geothermal PPA with NV Energy for up to 150 MW to power Googles Nevada data centers, announced February 17, with projects online from 2028.[2] Turkiye and ACWA Power plan to ink a 3 GW solar-wind-storage deal at COP31, following a 2 GW solar agreement.[4] Lightsource bp sold a 1 GW operating solar portfolio in Australia to Aula Energy on February 23, retaining a 9.5 GW pipeline.[10]

Emerging players like Wasco Greenergy are expanding biomass BOO models in Southeast Asia, targeting cost-competitive empty fruit bunch fuel over coal or gas.[3] Ukraine launched a national biomethane register on February 23, tracking over 110 million cubic meters annual capacity to enable EU exports.[7] Mirova partnered with BeZero Carbon and Sylvera for higher-quality voluntary carbon credits.[2]

No major regulatory shifts or disruptions emerged, but corporate PPAs dropped 10 percent in 2025 per BloombergNEF, due to negative pricing and policy uncertainty, contrasting prior growth amid AI data center demand.[14] Leaders like Ormat respond by leveraging tax credits and firm geothermal for tech loads, while Wasco prioritizes proven tech for reliability. Compared to last weeks quieter reports, this periods deal volume highlights renewed investor confidence in dispatchable renewables. Overall, supply chains stabilize with biomass and mineral focuses, like India-Brazil ties on lithium and solar.[6] Consumer shifts favor quality credits and green industrial power.

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