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Guyana approves budget for gas-to-energy projects

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Guyana’s Office of The President has confirmed the approval of a $141.45 billion budget, which includes a $51.2 billion investment to enhance gas-to-energy projects.  The government has allocated $36.2 billion for the development of a natural gas power plant and a natural gas liquid plant. Prime Minister Mark Phillips reviewed the budget for the Office of the Prime Minister (OPM) and affiliated agencies, and the Committee of Supply approved a total of $141.5 billion for…

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Mitsubishi reviews offshore wind projects in Japan

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Mitsubishi Corporation is reassessing its business plans for offshore wind power generation projects in Japan due to changes in the macroeconomic environment caused by the COVID-19 pandemic and the Ukraine crisis. These challenges include inflation, a weaker yen, strained supply chains, and rising interest rates. Through a consortium led by its subsidiary Mitsubishi Corporation Offshore Wind, the company has been developing three offshore wind projects in Japan since being selected as the operator in the…

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Stavian Group to invest USD 22 million in battery storage project in Vietnam

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Stavian Group is investing USD 22 million in a Battery Energy Storage System (BESS) project at the Stavian Complex in Hung Yen province, Vietnam. Developed through a joint venture with Juhang Energy Technology (Singapore), the project will cover over 5 hectares and focus on manufacturing energy storage systems, EV charging equipment, and electric cables. The BESS will support grid regulation for renewable projects and industrial microgrids, helping businesses cut energy costs by optimising power usage….

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Amazon and Iberdrola expand renewable energy partnership

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  Amazon and Iberdrola have added 476 MW to their global renewable energy partnership, expanding into five countries. The new agreements include Amazon’s first PPA in Portugal for 219 MW from the Tâmega Wind Complex, the largest wind farm in Portugal, and additional PPAs in Spain for 257 MW from solar and wind projects. These projects will generate 1,093 GWh of carbon-free electricity annually, enough to power 300,000 homes. Amazon’s total contracted renewable energy from…

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Desert Quartzite solar+storage project achieves operational status

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EDF Renewables North America (EDFR) and Power Sustainable Energy Infrastructure (PSEI) have announced the operational status of their Desert Quartzite solar+storage project in Riverside County, California.  The project has a solar capacity of 375 MWdc/300 MWac and an energy storage capacity of 150 MWac/4 hours, delivering power to the Clean Power Alliance under a 20-year power purchase agreement. Located on Federal lands managed by the Bureau of Land Management, Desert Quartzite is designed to store…

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Fidra Energy receives approval for 1.4GW battery storage project in UK

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Fidra Energy, a European battery energy storage system (BESS) platform owned by EIG, has received planning consent to develop a 1.4GW battery storage project at Thorpe Marsh, Yorkshire. This will become the UK’s largest battery storage facility, capable of powering up to 800,000 homes during peak demand. The project was approved by Doncaster Council on 28 January 2025 and will feature lithium-ion battery systems supplied by Sungrow. A final investment decision (FID) is expected in…

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Georgia Power submits 2025 integrated resource plan

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Georgia Power has submitted its 2025 Integrated Resource Plan (IRP) to the Georgia Public Service Commission (PSC), outlining strategies to meet the state’s energy needs with a focus on reliability and economic efficiency. The plan builds on previous IRPs and the 2023 IRP update approved by the Georgia PSC in April 2024. The 2025 IRP projects an 8.2GW increase in electrical load by 2030, with investments planned in existing power plants to meet rising demand….

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Global energy transition investment grows 11% to $2.1tn in 2024

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Investment in the global low-carbon energy transition rose 11% in 2024, reaching $2.1 trillion, as reported by BloombergNEF’s Energy Transition Investment Trends 2025. Key drivers of this growth were electrified transport, renewable energy, and power grids, although the pace of growth was slower compared to previous years. Electrified transport saw the largest investment surge, with $757 billion directed toward passenger electric vehicles (EVs), electric two and three-wheelers, commercial EVs, public charging infrastructure, and fuel cell…

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Yunlin offshore wind farm begins operations, adds 640MW to Taiwan’s grid

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The Yunlin offshore wind farm, managed by Yunneng Wind Power, has begun commercial operations after installing all 80 wind turbine generators. The 640MW project, located in the Taiwan Strait between 8km and 17km offshore Yunlin County, is now supplying electricity to the Taiwanese grid. Yunneng Wind Power is a joint venture between Skyborn Renewables, TotalEnergies, the Electricity Generating Public Company (EGCO), and Sojitz Corporation. The wind farm spans 82km², with turbines placed in water depths…

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Indonesia plans 4.3GW nuclear power capacity

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Indonesia is planning to build nuclear power plants with a total capacity of 4.3 GW as part of its cleaner energy strategy and to reduce fossil fuel dependency. The country’s current installed power capacity exceeds 90GW, with more than half sourced from coal and less than 15% from renewables, as reported by Reuters. Indonesia, being earthquake-prone, has avoided nuclear power until now. Hashim Djojohadikusumo, adviser to President Prabowo Subianto, confirmed the development of floating small…