Plenitude, through its US subsidiary Eni New Energy, has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in two photovoltaic plants and an electricity storage facility under construction in California, US. The...

Portugal’s government is set to develop a 10GW offshore wind cluster in the Atlantic Ocean as part of its strategy for the country’s first offshore licence auction, scheduled for 2025. The plan, formulated by the Economy Ministry and the Environment...

Pertamina New & Renewable Energy (Pertamina NRE), a subsidiary of an Indonesian State-Owned Enterprise, has signed a share subscription agreement with Citicore Renewable Energy Corporation (CREC).  Pertamina NRE will acquire a 20% stake in CREC...

Plug Power has signed a purchase agreement with Allied Green Ammonia (AGA) to supply 3 GW of electrolyser capacity for AGA’s green hydrogen-to-ammonia plant in Australia.  The plant will also include a 4.5 GW solar facility to power the electrolysers...

UK oil and gas giant bp is set to sign an agreement with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region of northern Iraq. The deal could be signed by early February, as stated by Iraq’s Oil Minister Hayan Abdel-Ghani...

The UK government has unveiled a £410 million ($501.1 million) investment to advance fusion energy development. The funding will support the construction of a fusion power plant at the site of a former coal facility in Nottinghamshire, as part of the...

Cable systems and services provider Nexans has signed a €1 billion ($10.3 billion) agreement with TenneT for the LanWin2 project, part of TenneT’s 2GW offshore grid connection programme in the German North Sea. The LanWin2 project includes the...

Masdar, the United Arab Emirates’ clean energy provider, has entered the Philippines renewables market with agreements to develop 1GW of solar, wind, and battery energy storage systems (BESS) by 2030. The agreements, signed with the Philippines...

Leeward Renewable Energy (LRE) has revealed plans for renewable energy projects exceeding 700 megawatts alternating current (MWac) in Oklahoma, supported by long-term power purchase agreements (PPAs) with Google. The projects include the 372-MWac...

Italy, Albania, and the UAE have signed a cooperation deal worth at least €1bn ($1.02bn) to establish a subsea interconnection for renewable energy transfer across the Adriatic Sea, Reuters reports. The agreement, under the Tripartite Strategic...

The World Bank and African Development Bank (AfDB) have outlined terms for African countries to secure $40bn in power finance under the Mission 300 programme. This initiative seeks to provide electricity access to 300 million Africans by 2030...

The US Department of Energy’s Loan Programs Office (LPO) has conditionally approved $22.92bn in financing for eight utilities across 12 states under the Energy Infrastructure Reinvestment (EIR) programme.  Created by the Inflation Reduction...

Israeli power company Dalia Energy has obtained a finance agreement worth 5.3 billion shekels ($1.5bn) from Bank Hapoalim to construct an 850MW power plant at the Eshkol gas-fired power station site in Ashdod, Israel, as reported by Reuters. The...

Westinghouse Electric Company, the Korea Electric Power Corporation (KEPCO), and Korea Hydro & Nuclear Power Company (KHNP) have reached a global settlement agreement to resolve their longstanding intellectual property dispute. This settlement...

China is significantly increasing its grid investment to ensure efficient delivery of renewable energy to homes and businesses. According to the National Energy Administration, power transmission spending rose 19% to 529 billion yuan ($72 billion) in...

Masdar, SOCAR Green, and ACWA Power have signed a memorandum of understanding (MoU) to develop 3.5 GW of offshore wind capacity in the Azerbaijan section of the Caspian Sea. These will be the country’s first offshore wind farms, supporting...

The UAE has launched the world’s first large-scale, round-the-clock gigascale energy storage project in Abu Dhabi, combining a 5.2GW solar power plant with a 19GWh battery energy storage system (BESS).  The initiative enables the UAE to dispatch...

The planned Sizewell C nuclear power station in Suffolk, UK, is expected to cost nearly £40bn ($48.7bn), double the initial £20bn estimate due to rising construction costs and delays at the Hinkley Point C site, according to the Financial Times. ...

The German government’s 99% stake in power company Uniper has attracted interest from potential buyers, including Abu Dhabi’s Taqa and Norway’s Equinor, according to Bloomberg News. Germany is looking to reduce its holding, with Uniper’s value...

The Climate Investment Funds (CIF) capital markets mechanism (CCMM) raised $500m through its debut bond, marking a historic step in mobilising finance for climate action. The bond was six times oversubscribed, attracting over $3bn in global investor...