Spanish utility Iberdrola is considering the sale of its UK smart metering business, aiming to raise £1 billion ($1.27 billion), according to Reuters. The company is working with the Royal Bank of Canada as an adviser on the deal, though the sale process is in its early stages and no deal is guaranteed. The potential…
The British Office of Gas and Electricity Markets (Ofgem) has approved funding for several transmission infrastructure projects in Scotland, enabling SSEN Transmission to begin pre-construction activities such as community consultations and supply chain engagement. These projects align with the Centralised Strategic Networks Plan, Beyond 2030, published in March 2024, which calls for £58 billion in…
TotalEnergies has partnered with OQ Alternative Energy (OQAE) to develop 300 MW of renewable energy projects in Oman. The electricity generated will be supplied to Petroleum Development Oman (PDO) through long-term power purchase agreements, with OQAE holding a 51 per cent share and TotalEnergies 49 per cent. The collaboration includes three projects: North Solar, a…
Hygreen Energy has delivered a 25 MW electrolyser system to Huadian Weifang Power Generation Co., Ltd. The system, capable of producing 3.6 tonnes of hydrogen daily with 99.999 percent purity, will support large-scale hydrogen projects in China’s Shandong region. The project, located at Huadian Weifang’s power plant, integrates storage and advanced distribution systems. Installation began…
The UK Office of Gas and Electricity Markets (Ofgem) has proposed reforms to address household energy debts, which have surged to £4bn ($5.1bn). The regulator suggests changes such as introducing tariffs without standing charges and standardizing how suppliers assess customers’ payment abilities. Energy debts have risen by 91% since 2022, reaching £3.82bn ($4.87bn) by September…
The Asian Development Bank (ADB) has sanctioned a $200 million loan to modernise Pakistan’s power distribution infrastructure. The initiative targets reducing energy losses, strengthening infrastructure resilience against climate change, and accommodating the country’s rising electricity demand. The project will initially support the Lahore Electric Supply Company (LESCO), the Multan Electric Power Company (MEPCO), and the…
China-based Solar N Plus New Energy Technology has secured a 500MW supply order for its high-efficiency N-type solar products, bolstering its position in the global renewable energy sector. Renowned for its advanced N-type technology, the company offers higher conversion efficiency and robust resistance to light-induced degradation (LID) and potential-induced degradation (PID), ensuring long-term reliability and…
Ørsted has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm in Taiwan to Cathay Life Insurance (CLI) and its affiliate Cathay Wind Power Holdings. The deal, valued at DKr11.6 billion ($1.6 billion), includes 50% ownership and an equal commitment to fund engineering, procurement, and construction (EPC) payments. The transaction,…
Australia’s renewable energy sector is poised for expansion with 19 new projects announced under the Capacity Investment Scheme (CIS) Tender 1. These projects will add 6.4GW of clean energy to the national electricity market, powering three million homes and advancing the goal of 82% renewable electricity by 2030. The projects span New South Wales, Victoria,…
Vestas has announced plans to transition its Isle of Wight factory in the UK from manufacturing offshore turbine blades to onshore blade production. The shift follows an agreement in principle with the UK government and responds to declining demand for V174 offshore turbine blades and site constraints unsuitable for next-generation offshore blades. Vestas will sustain…