Your Daily Renewable Energy Briefing

Clean Energy Finance Overtakes Fossil Fuels for the First Time

• International public finance for clean energy from G20 countries and Multilateral Development Banks (MDBs) has surpassed fossil fuel financing for the first time, according to new research released on October 14, 2026, by Oil Change International and Friends of the Earth U.S. This milestone, however, is tempered by the finding that low-income countries receive only 2% of this clean energy finance, highlighting a significant disparity in global investment distribution.

  Oilchange

• The New York State Energy Research and Development Authority (NYSERDA) announced a framework on October 14, 2026, for deploying $200 million through its Sustainable Future Program to expand access to affordable solar energy across the state. This funding is expected to support over 565 megawatts (MW) of new solar capacity, enough to power more than 90,000 homes, and includes incentives for projects on rooftops, parking canopies, brownfields, and agrivoltaics.

  Ny Gov

• UPDATE: South African state-owned utility Eskom Green launched a Request for Qualification (RFQ) process on October 13, 2026, to select a strategic partner for the 1.5GW Tubatse Pumped Storage Scheme in Limpopo. This project, set to become South Africa's largest pumped storage scheme with approximately 21GWh of energy storage, is crucial for integrating increasing volumes of renewable energy into the national grid and enhancing energy security.

  Eskom Co Za

• German renewable energy developer PNE AG lowered its 2026 earnings guidance on October 14, 2026, citing delays to wind farm projects and a decision to retain operational assets previously slated for sale. The company now anticipates consolidated EBITDA between €60 million and €75 million, down from an earlier forecast of €90 million to €120 million, primarily due to longer-than-expected transaction processes and permitting delays pushing earnings into 2027.

  Renews Biz