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Meta backs 150MW geothermal project in New Mexico

Meta has signed a deal with XGS Energy to develop a 150 megawatt (MW) geothermal project in New Mexico. The project will support Meta’s growing energy needs, especially as it expands its data centre and AI infrastructure in the state. The geothermal...

Carbon pricing revenues exceed $100bn in 2024

The World Bank’s State and Trends of Carbon Pricing 2025 report shows global carbon pricing revenues surpassed US$100 billion in 2024, with over 50 per cent allocated to environmental, infrastructure, and development projects. This marks a...

World Bank lifts nuclear funding ban for developing nations

The World Bank has ended its 2013 ban on financing nuclear energy projects in developing countries. The decision, reported by Reuters, reflects a shift in response to rising electricity demand and a push for energy diversification. Under the new...

AI giants see 150% rise in emissions amid data centre energy surge

Operational emissions from leading AI-focused tech companies have surged, according to a new report by the World Benchmarking Alliance (WBA) and the International Telecommunication Union (ITU). From 2020 to 2023, emissions rose by an average of 150%...

Indonesia plans 69.5 GW new capacity by 2034

Indonesia’s Ministry of Energy and Mineral Resources has released its 2025–2034 Electricity Supply Business Plan, targeting 69.5 GW of new power generation capacity. Of this, 76 per cent will come from renewable sources and storage systems. The plan...

Global energy investment to rise to USD 3.3 trillion in 2025: IEA

Global energy investment is set to reach USD 3.3 trillion in 2025, up 2% from 2024, according to a report from the International Energy Agency (IEA), World Energy Investment 2025. Around USD 2.2 trillion will go to clean energy, double the USD 1.1...

Neoen inaugurates Portugal’s largest solar park in Azambuja

French renewable energy firm Neoen has inaugurated Portugal’s largest solar park, located in Azambuja, 70 km north of Lisbon. The facility began supplying electricity to the grid in late 2024 and is now fully operational. The park includes the 204...

Waaree Solar signs $176 million deal to supply 586 MW modules in US

Waaree Solar Americas, the US subsidiary of India’s Waaree Energies, has signed a solar module supply agreement worth $176 million with a US-based independent power producer (IPP). Under the agreement, Waaree will supply 586 MW of solar photovoltaic...

Africa’s largest wind farm begins operations in Egypt’s Red Sea region

AMEA Power has commissioned a 500-megawatt (MW) wind power plant in Ras Ghareb, located in Egypt’s Red Sea Governorate. The facility is now the largest operational wind farm in Africa. The project is a joint venture between AMEA Power, which holds a...

DOI invokes emergency permits to fast-track key geothermal projects

The U.S. Department of the Interior has activated emergency permitting procedures to accelerate geothermal energy projects considered essential for national security and energy reliability. This action follows the national energy emergency declared...

Southeast Asia eyes regional grid integration through Vietnam-led green energy link

Malaysia, Singapore, and Vietnam have signed a joint development agreement to explore renewable electricity exports from Vietnam, with offshore wind as a core source. The partnership links Tenaga Nasional Berhad and Petroliam Nasional Berhad...

GridBeyond and ABB launch battery storage-as-a-service for C&I customers

Smart energy firm GridBeyond has partnered with ABB to launch a battery energy storage system-as-a-service (BESS-as-a-service) model, targeting commercial and industrial (C&I) customers. The offering will allow businesses to access energy storage...

WNSC 2025: Nuclear industry calls for long-term policy stability

At the 2025 World Nuclear Supply Chain (WNSC) Conference, leaders across the sector emphasised a shared priority: long-term policy certainty from governments. Sama Bilbao y León, head of the World Nuclear Association, called for stability in...

World Bank approves grant for Malawi’s 358.5 MW hydropower project

The World Bank has approved a USD350 million grant for the Mpatamanga Hydropower Storage Project (MHSP) in Malawi. The funding was cleared by the International Development Association (IDA), a part of the World Bank Group. The 358.5 MW project was...

Germany signals support for nuclear power in EU energy legislation shift

Germany has informed France it will no longer oppose recognising nuclear power as equal to renewable energy in European Union (EU) legislation, according to a report by Reuters. This marks a major shift in Germany’s energy policy under its new...

Fluxys, OQGN to jointly develop hydrogen network in Oman

Fluxys and OQ Gas Networks SAOG (OQGN) have signed an agreement to jointly develop a hydrogen transportation network in Oman. Fluxys will participate as a minority shareholder, while OQGN will lead the project. The planned hydrogen infrastructure...

Seven firms shortlisted for $2.28bn Oman power projects

Seven companies have been shortlisted to bid for two major power projects in Oman, valued at OR880 million (US$2.28 billion). The tender process is being overseen by Nama Power and Water Procurement Company, the country’s sole buyer of power and...

Singapore commits $500 million to clean energy in Asia

The Government of Singapore has announced a $500 million investment under its FAST-P (Financing Asia’s Transition Partnership) program to support clean energy deployment and industrial decarbonisation across Asia. Launched in 2023, FAST-P aims to...

Terna and IPTO agree to develop second Italy–Greece power link

Terna, Italy’s national grid operator, and IPTO (Independent Power Transmission Operator), the Greek transmission system operator, have signed a memorandum of understanding (MoU) to develop a new high-voltage electricity interconnection named GRITA...

Vietnam proposes 15 MW geothermal project for inclusion in PDP8

The Provincial Government of Binh Dinh has proposed the inclusion of the 15 MW Hoi Van geothermal power project in Vietnam’s national power development plan VIII (PDP8). The project, to be located in Cat Hiep commune, Phu Cat district, requires an...

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Koraam to supply 1,200 solar pump mounting structures in Maharashtra

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