Today’s renewable energy news includes announcements from Energy investment in South Africa, Hyosung Heavy Industries, Londian Wason New Energy Tech, among others.
South Africa Targets R2.2 Trillion Energy Investment and 105 GW Capacity Expansion
South Africa’s Integrated Resource Plan 2025 presents more than R2.2 trillion in investment opportunities through 2039 across generation, transmission, storage and manufacturing. The country plans to add about 105 GW of capacity, combining solar, wind, batteries, natural gas and nuclear power, while building roughly 14,500 kilometers of transmission infrastructure. About R440 billion is required for transmission during the next decade. POWERCHINA, which hosted a South Africa-China investment conference in Beijing, has completed or is developing 1.9 GW of South African wind, solar photovoltaic and concentrated solar projects, plus 1.9 GWh of battery storage. Its portfolio includes the 100 MW Redstone molten-salt solar thermal plant and Oya hybrid wind, solar and battery facility. The conference may support a bilateral energy-investment partnership.
Battery Copper-Foil Supplier Londian Wason Prices $94.3 Million US IPO
Londian Wason New Energy Tech priced an upsized US initial public offering of approximately 4.3 million American depositary shares at $22 each, targeting $94.3 million in gross proceeds. Expected net proceeds are about $87 million before any exercise of the underwriters’ 30-day option for another approximately 642,857 ADSs. The shares were scheduled to begin trading on the New York Stock Exchange under “FOIL” on August 12, 2026, with closing expected August 13. Londian Wason plans to finance global production expansion, facility upgrades, advanced-technology research, manufacturing-efficiency improvements and portfolio growth and operations. Frost & Sullivan ranked the company as the world’s largest lithium-ion-battery copper-foil supplier by 2025 sales volume, with 111,985 metric tons supplied and a 7.6 percent global market share.
Hyosung Secures KRW 787 Billion US Grid Contract as AI Power Demand Rises
Hyosung Heavy Industries reported US grid-equipment demand, with the United States generating 71 percent of its KRW 7.4987 trillion first-half orders. The company raised its 2026 order target from KRW 8.4 trillion to KRW 12 trillion after second-quarter sales reached KRW 1.687 trillion and operating profit rose 60.9 percent year over year to KRW 264.3 billion. Earlier in 2026, Hyosung secured a KRW 787 billion contract from a major US transmission operator for 765kV transformers, reactors and equipment, its largest single American order. The company says it has supplied nearly half of the 765kV transformers installed on the US grid. Utilities are pursuing higher-voltage networks to transmit greater power volumes with lower losses as AI data-center construction accelerates electricity demand.
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