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Jordan’s NEPCO secures EUR67.1 million from EBRD and EU

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Jordan’s state-owned transmission system operator, National Electric Power Company (NEPCO), has secured a EUR67.1 million financing package from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) to upgrade the country’s transmission infrastructure. The package includes a sovereign-guaranteed EBRD loan of up to EUR54.7 million and an EU investment grant of EUR12.4 million. The funds will be used to construct a high-voltage electricity substation in northern Jordan and build four new…

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China’s thorium reserves could sustain its energy needs indefinitely

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A national survey suggests China’s thorium reserves may be far larger than estimated, potentially transforming global energy production. A recently declassified report details findings from a survey that concluded in 2020, indicating that China’s thorium reserves, already the largest in the world, may be far greater than previously estimated. Mining waste from just five years of operations at an iron ore site in Inner Mongolia contains enough thorium to meet the energy demands of US…

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Renewable energy cannibalization lowers solar market revenues in Europe

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Photovoltaics (PV) and wind now dominate Europe’s power generation, surpassing fossil fuels, according to the latest Enervis report. However, increasing cannibalization of renewable energy is reducing market revenues for solar and wind power producers. Cannibalization occurs when high solar and wind generation floods the electricity market, driving down prices, sometimes even turning negative. In 2024, this effect was particularly strong in Germany, where PV capture rates dropped to just 59%, the lowest in Europe. In…

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AMEA Power to develop 1500 MWh BESS in Egypt

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AMEA Power has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to develop two standalone battery energy storage systems (BESS) with a total capacity of 1500 megawatt-hours (MWh). Under the deal, AMEA Power will build a 500 MWh BESS station in Benban and a 1000 MWh BESS station in Zafarana. The project includes the development of substations and grid connections to integrate stored energy into Egypt’s national electricity network. The project locations were…

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Kenya Power invests KES1 billion to upgrade electricity infrastructure

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Kenya Power has announced an investment of KES1 billion to expand and enhance electricity infrastructure across eleven counties in the Nyanza and western regions. The funds will support the construction of new power lines to meet growing demand and improve reliability. The investment covers both completed and ongoing projects in Kisumu, Homabay, Migori, Siaya, Nyamira, Vihiga, Busia, Bomet, Kericho, Kisii, and Kakamega. Completed projects include the KES700 million, 132 kV Narok–Bomet line, which aims to…

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China’s Yarlung Tsangpo hydropower plan: A test for India’s reaction?

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China has approved a hydropower project on the Yarlung Tsangpo River in Tibet, which flows into India as the Brahmaputra. While many assumed it would be the world’s largest dam, reports suggest China is planning multiple smaller hydropower projects instead. Speculations are that the announcement was a strategic move to gauge India’s reaction. The project, part of China’s 14th Five-Year Plan (2021-25), faces political, environmental, and technical challenges. The region is prone to strong earthquakes,…

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U.S. added 50 GW of solar capacity in 2024

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The U.S. added nearly 50 GW of new solar generating capacity in 2024, according to the 2025 Sustainable Energy in America Factbook, released by the Business Council for Sustainable Energy and BloombergNEF. The record 49 GW of new solar capacity helped meet rising energy demand and replace decommissioned thermal assets. Of this, 39.6 GW came from utility-scale projects, marking a 31.4 per cent year-over-year increase—the highest since 2017. Rooftop solar installations added close to 10…

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Enefit Green and Sumitomo partner for offshore wind farm in Baltic Sea

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Enefit Green and Sumitomo Corporation have signed an agreement to jointly develop the Liivi Bay offshore wind farm in the Gulf of Riga, Baltic Sea. As part of the deal, Enefit Green will sell a 50% stake in Liivi Offshore OÜ, the project company for the wind farm, to Sumitomo Corporation. The wind farm is planned to have up to 84 turbines with a total capacity of 1,000 MW and an estimated annual electricity generation…

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Japan approves new climate and energy policies targeting 2040 emissions cuts

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Japan’s government has approved new climate, energy, and industrial policies aimed at reducing greenhouse gas (GHG) emissions by 2040, Reuters reported. The strategy focuses on decarbonisation, energy security, and industrial growth, forming part of Japan’s long-term plan to ensure business policy stability. Japan has set a target to reduce GHG emissions by 46% from 2013 levels by 2030, 60% by 2035, and 73% by 2040. The updated targets, finalised by the environment and industry ministries,…

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TotalEnergies, Masdar, EPointZero partner for clean energy in Africa and Asia

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TotalEnergies, Masdar, and EPointZero have signed a framework for action agreement to enhance clean energy access in Africa and Asia.  The collaboration follows a meeting between UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron, focusing on sustainable electricity provision and clean energy opportunities. Masdar and TotalEnergies will work to deliver reliable and sustainable electricity to African communities, supporting long-term energy transformation. In Southeast Asia, they aim to jointly develop clean…