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EU commits €53.9m to green hydrogen and renewables in Southern Africa

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EU Commissioner for Energy Kadri Simson has approved €53.9 million ($59.9 million) in funding to boost green hydrogen and renewable energy development in southern Africa. Namibia will receive the largest share, €36.9 million, with €50 million pledged to Namibian and South African hydrogen funds. This includes €25 million allocated to the SDG Namibia One fund, which aims to raise €1 billion for the 3GW Hyphen Hydrogen Energy project, expected to cost $10 billion. The European…

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Matrix Energia issues Brazil’s first green bond for battery energy storage

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Brazilian electricity company Matrix Energia has completed the country’s first green debenture issuance worth 100 million Brazilian reais ($17.9 million) to fund the construction of 224 MWh of battery energy storage capacity by 2025. This marks the first green issuance for a battery energy storage system (BESS) in Brazil and the second green issuance for a renewable project by Matrix Energia. Led by Caixa Econômica Federal, the six-year issuance was raised by Matrix Energia’s subsidiary,…

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SMRs central to discussion at the World Nuclear Symposium

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The World Nuclear Association (WNA) welcomed a record 800 delegates to its annual symposium in London, where key topics included nuclear fuel, supply chains, financing, and the role of nuclear energy in global decarbonisation efforts. WNA Director-General Sama Bilbao y Leon noted the increasing interest from decision-makers outside the nuclear sector, emphasizing the appeal of nuclear energy for its clean, reliable, and socio-economic benefits. China National Nuclear Corporation (CNNC) chief economist Huang Mingang expressed skepticism…

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EDP Renewables and Microsoft extend partnership for Singapore’s largest solar project

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EDP Renewables (EDPR) announced its renewed partnership with Microsoft on Singapore’s largest solar energy project, SolarNova. Under the agreement, Microsoft will purchase 100% of the renewable energy generated by EDPR’s SolarNova 8 project, which has a capacity of up to 200MW-peak (MWp). Awarded in February, the SolarNova 8 project will see EDPR install solar panels on more than 1,000 public housing buildings and over 100 government-owned properties. The energy produced will power common services during…

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EU approves €19.6m WEDUSEA wave energy project

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The European Union has approved the €19.6 million WEDUSEA project. The project is a collaboration of 14 partners from the UK, Ireland, France, Germany, and Spain, and is coordinated by renewable energy developer Ocean Energy. Co-funded by the EU-Horizon Europe Programme and Innovate UK, the project aims to advance the commercialisation of wave energy. Following approval from the EU’s external experts, WEDUSEA will proceed with designing and constructing a 1MW OE35 floating wave energy converter,…

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Orano selects Oak Ridge for uranium enrichment plant

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Orano, a state-owned uranium producer, has announced Oak Ridge, Tennessee, as the preferred site for its new multibillion-dollar uranium enrichment facility in the US. The facility is expected to bolster the country’s domestic nuclear fuel supply, a critical move following recent legislation banning the import of Russian low-enriched uranium. Tennessee’s Nuclear Energy Fund, with $60 million available, will support the project, though the total cost of the facility has not been disclosed. The plant, expected…

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UAE’s Barakah nuclear plant reaches full operation 

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The Emirates Nuclear Energy Corporation (ENEC) has announced that the fourth unit of the Barakah nuclear plant in the UAE has entered commercial operation, marking the plant’s full delivery. Speaking at the World Nuclear Association (WNA) Symposium in London on September 5, Mohamed Al Hammadi, CEO of ENEC, expressed pride in the achievement, stating, “Today we have four units [commercially] operational.” The Barakah plant, featuring four Korean-designed APR1400 reactors, now generates 40 terawatt-hours of electricity…

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Aquila sells 25.9% stake in Norway’s Tesla wind farm 

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Aquila European Renewables has signed an agreement to sell its 25.9% stake in the 150MW Tesla wind farm in southern Norway to Sunnhordland Kraftlag (SKL) for €27.1 million ($30.1 million). SKL, a Norwegian energy company specializing in hydropower plants, will acquire the stake in the operational onshore wind farm, which Aquila European Renewables had acquired in 2019. The sale price represents a 10.8% premium over Aquila’s fair value of the asset as of 30 June…

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Iberdrola begins construction of 376 MW Broadsound solar project in Queensland

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Iberdrola’s Australian subsidiary has commenced construction of the 376MW Broadsound Solar and 180MW battery energy storage system (BESS) project in Queensland. The project, expected to be completed by mid-2026, will generate power for 145,000 homes and create up to 350 jobs during its two-year construction phase. Located near Rockhampton, the Broadsound project will be situated on the land of the Barada Kabalbara Yetimarala people, with Iberdrola establishing a community benefit fund to support local needs…

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US approves 2 GW Maryland offshore wind project

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The US government has approved the 2 GW Maryland offshore wind project, marking the tenth commercial-scale offshore wind initiative approved under President Joe Biden’s administration. The project is expected to create 2,680 jobs annually through 2031. Located 8.7 nautical miles offshore Maryland and 9 nautical miles from Sussex County, Delaware, the project will feature 114 turbines, four offshore substation platforms, a meteorological tower, and up to four offshore export cable corridors. The lease will be…