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Portugal plans 10GW offshore wind cluster in Atlantic Ocean

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Portugal’s government is set to develop a 10GW offshore wind cluster in the Atlantic Ocean as part of its strategy for the country’s first offshore licence auction, scheduled for 2025. The plan, formulated by the Economy Ministry and the Environment Ministry, includes a 2,000km² site, as reported by Reuters. Secretary of State for the Sea Lidia Bulcao emphasized the importance of creating a large-scale, predictable offshore renewable energy sector in Portugal. The government aims to…

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Pertamina NRE acquires 20% stake in CREC for $115 million

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Pertamina New & Renewable Energy (Pertamina NRE), a subsidiary of an Indonesian State-Owned Enterprise, has signed a share subscription agreement with Citicore Renewable Energy Corporation (CREC).  Pertamina NRE will acquire a 20% stake in CREC by subscribing to 2,232,143,036 common shares at PhP 3.00 per share, amounting to approximately $115 million. This partnership gives Pertamina NRE access to CREC’s expertise in engineering, procurement, and construction (EPC) while supporting CREC’s regional expansion and its goal to…

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Plug Power to supply 3 GW electrolysers for Australia’s green ammonia plant

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Plug Power has signed a purchase agreement with Allied Green Ammonia (AGA) to supply 3 GW of electrolyser capacity for AGA’s green hydrogen-to-ammonia plant in Australia.  The plant will also include a 4.5 GW solar facility to power the electrolysers with zero-emission electricity, targeting a production capacity of 2,700 metric tonnes of green ammonia per day. As part of the agreement, Plug Power will deliver a Basic Engineering and Design Package (BEDP) to provide technical…

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bp to sign redevelopment deal for Kirkuk oil and gas fields in Iraq

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UK oil and gas giant bp is set to sign an agreement with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region of northern Iraq. The deal could be signed by early February, as stated by Iraq’s Oil Minister Hayan Abdel-Ghani to Reuters. The project aims to increase the production capacity of the fields from 350,000 barrels per day (bpd) to 500,000 bpd, supplying under-utilised northern refineries. According to…

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UK announces £410m fusion energy investment for Nottinghamshire project

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The UK government has unveiled a £410 million ($501.1 million) investment to advance fusion energy development. The funding will support the construction of a fusion power plant at the site of a former coal facility in Nottinghamshire, as part of the government’s Plan for Change initiative to drive economic growth and position the UK as a leader in fusion energy. The investment will accelerate progress in the fusion energy sector from 2025 to 2026 and…

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Nexans secures €1bn LanWin2 project with TenneT for offshore grid

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Cable systems and services provider Nexans has signed a €1 billion ($10.3 billion) agreement with TenneT for the LanWin2 project, part of TenneT’s 2GW offshore grid connection programme in the German North Sea. The LanWin2 project includes the engineering, procurement, construction, and installation (EPCI) of 525 kV high-voltage direct current (HVDC) onshore and offshore export cable systems. Spanning 250 km, the system will transmit 2GW of renewable wind energy and is expected to be operational…

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Masdar to develop 1GW renewable energy projects in Philippines

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Masdar, the United Arab Emirates’ clean energy provider, has entered the Philippines renewables market with agreements to develop 1GW of solar, wind, and battery energy storage systems (BESS) by 2030. The agreements, signed with the Philippines Department of Energy (DoE) and the Board of Investments, support the country’s energy transition programme. This initiative aims to achieve 35% renewable energy in power generation by 2030 and 50% by 2040. Masdar CEO Mohamed Jameel Al Ramahi highlighted…

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LRE and Google sign 700 MWac solar PPAs

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Leeward Renewable Energy (LRE) has revealed plans for renewable energy projects exceeding 700 megawatts alternating current (MWac) in Oklahoma, supported by long-term power purchase agreements (PPAs) with Google. The projects include the 372-MWac Mayes County solar portfolio, located near Google’s Pryor data centre. Construction is underway, with energy delivery facilitated through the Grand River Dam Authority (GRDA). The portfolio features three sites: Salt Branch Solar, Huckleberry Solar, and Mayes Solar. Along with the Twelvemile Solar…

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Italy, Albania, and UAE sign €1bn renewable energy cooperation deal

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Italy, Albania, and the UAE have signed a cooperation deal worth at least €1bn ($1.02bn) to establish a subsea interconnection for renewable energy transfer across the Adriatic Sea, Reuters reports. The agreement, under the Tripartite Strategic Partnership Framework, aims to enhance energy infrastructure and renewable energy capacity in the Mediterranean region. Italian Prime Minister Giorgia Meloni described the project as a “strategic infrastructure” at the World Future Energy Summit in Abu Dhabi in April 2024….

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World Bank and AfDB unveil $40bn programme for Africa

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The World Bank and African Development Bank (AfDB) have outlined terms for African countries to secure $40bn in power finance under the Mission 300 programme. This initiative seeks to provide electricity access to 300 million Africans by 2030, Bloomberg reports. Currently, sub-Saharan Africa’s electricity access ranges from 1% in South Sudan to 94% in South Africa, per the International Energy Agency. Mission 300 aims to connect half the population through grid-linked power projects, with the…