The global energy sector continues to witness major acquisitions, power purchase agreements (PPAs), and strategic investments. Here are the latest key developments: Key deals and investments in the energy sector Engie acquires 157MW UK renewable portfolio Engie has acquired a 157MW renewable energy portfolio in the UK from MEAG, Munich Re’s asset management arm. The…
Amazon and Google have pledged support for a global initiative to triple nuclear energy capacity by 2050, according to Reuters. The commitment, facilitated by the World Nuclear Association (WNA), has also gained backing from shale company Occidental and Japanese heavy equipment manufacturer IHI. More industry players, including those from maritime, aviation, and oil and gas,…
Poland’s Ministry of Climate and Environment has finalized its long-awaited energy storage subsidy program to support the deployment of more than 5 GWh of energy storage across the country. The new regulation was published in the Journal of Laws of the Republic of Poland on March 7, setting the stage for the National Fund for…
UK Energy Minister Ed Miliband met Chinese officials in Beijing on March 17, urging stronger climate action even as China’s emissions continue to rise. China, the world’s largest emitter, has pledged to reach net zero by 2060 but missed key climate targets in 2024, with coal use increasing. The UK, aiming for full decarbonization by…
Indonesia has launched a floating solar power plant on the Cirata Reservoir, 107 kilometers southeast of Jakarta. Covering 4% of the reservoir, its 13 solar arrays generate up to 192 MW, making it the world’s third-largest floating solar installation. The project is a collaboration between PLN Nusantara Power, a unit of Indonesia’s state-owned power company,…
On Monday, the 10th Ministerial Meeting for the implementation of the Green Energy Corridor project took place in Budapest, with representatives from Azerbaijan, Georgia, Hungary, Romania, and Bulgaria in attendance. This partnership of the five nations could lead to Europe’s largest green energy corridor. The main focus of the meeting was the progress and prospects…
At the CERAWeek summit in Houston on Monday, U.S. Energy Secretary Chris Wright stirred the pot by openly criticizing renewable energy and reaffirming the Trump administration’s strong stance on oil and natural gas. His comments, focused on the need for fossil fuels in power generation, painted a picture of a future where renewables simply cannot…
The United States has ended a sanctions waiver that allowed Iraq to buy electricity from Iran, following President Donald Trump’s renewed “maximum pressure” policy on Tehran. The waiver, which expired on 8 March 2025, was initially introduced in 2018 after the US reimposed sanctions on Iran following its withdrawal from the nuclear deal. The US…
The Australian government has introduced a National Renewable Energy Priority List to expedite approvals for key renewable energy generation, storage, and transmission projects. The initiative, led by the Department of Climate Change, Energy, the Environment and Water (DCCEEW), aims to streamline regulatory processes while ensuring environmental compliance under the Environment Protection and Biodiversity Conservation (EPBC)…
ANDRITZ has secured an order from Rostock EnergyPort Cooperation GmbH (REPCO) to engineer a 100 MW green hydrogen plant in Rostock, Germany. REPCO is a joint venture of RWE Generation SE, EnBW Neue Energien GmbH, RheinEnergie AG, and Rostock Port GmbH. Once the notice to proceed is received, ANDRITZ will deliver the project on an…