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UK unveils Clean Industry Bonus to support offshore wind projects

The UK has launched the Clean Industry Bonus (CIB), a new incentive scheme aimed at supporting offshore wind projects and advancing the country’s goal of decarbonising its energy system by 2030. Set out in the Contracts for Difference...

US power consumption forecasted to hit record levels in 2025 and 2026

The US Energy Information Administration (EIA) has forecast that power consumption in the United States will reach record levels in 2025 and 2026. The surge is attributed to the growing electricity demand from data centres focused on artificial...

Ukraine’s parliament approves purchase of Russian-made reactors

Ukraine’s parliament has approved the purchase of two Russian-made reactors from Bulgaria for the Khmelnytskyi Nuclear Power Plant, as confirmed by lawmaker Yaroslav Zhelezniak on February 11, 2025. President Volodymyr Zelensky had urged...

Morocco commissions 400 kV transmission lines for Midelt solar plant

Morocco’s Office National de l’Electricité et de l’Eau Potable has commissioned two 400 kV transmission lines linking the El Ouali substation in the Fez region to the upcoming Midelt solar plant.  The lines, spanning over 270 km, were developed with...

New study identifies optimal tilt angle and overhead height for rooftop PV systems

Researchers from Guilin University of Electronic Technology, China, developed a numerical model to assess how different overhead heights and tilt angles of photovoltaic (PV) modules influence thermal and electrical performance, as well as...

bp and Iberdrola begin construction of green hydrogen plant in Spain

The joint venture (JV) between bp and Iberdrola España has commenced construction of a 25 MW green hydrogen plant in Spain.  The initial phase includes earthworks and the development of a 20,000 square meter plot of land next to the bp refinery in...

Neoenergia sells Baixo Iguaçu hydroelectric plant in Brazil

Neoenergia, Iberdrola’s Brazilian subsidiary, has sold its 70% stake in the Baixo Iguaçu Hydroelectric Power Plant to EDF and STOA for 1,430 million Brazilian reals (approximately €240 million). Located in Paraná, the plant has an installed...

China moves to reduce subsidies for renewable energy projects

China’s National Development and Reform Commission (NDRC), along with the nation’s energy administration, is taking steps to roll back subsidies for renewable energy projects, according to Reuters. In 2024, China saw a record-breaking 45% rise in...

UK shifts nuclear energy policy to approve new plants

The UK government has announced a shift in its nuclear energy policy, approving the construction of additional nuclear power plants across England and Wales. This move is part of the Prime Minister’s Plan for Change, which includes reforms to...

Japan plans world’s first hydrogen production facility using nuclear power

The Japan Atomic Energy Agency (JAEA) plans to request the Nuclear Regulation Authority (NRA) to review its proposal for building a hydrogen production facility as early as February, as reported by The Japan News. The facility, intended to produce...

Baltic nations cut power ties with Russia and Belarus, join EU grid

Estonia, Latvia, and Lithuania have disconnected their electricity grids from Russia and Belarus, marking a major geopolitical shift more than three decades after leaving the Soviet Union.   Efforts to sever ties accelerated after Russia invaded...

Global solar and battery storage costs to decline further in 2025

  A BloombergNEF report forecasts a decline in the levelized cost of electricity (LCOE) for grid-scale solar and battery energy storage in 2025. LCOE, which measures lifetime costs divided by energy production, enables cost comparisons across energy...

Matrix Renewables secures €40 million financing for solar projects in Italy

Matrix Renewables has closed a €40 million non-recourse financing agreement with UniCredit to support the development and construction of six solar photovoltaic (PV) plants across Sicily, Campania, and Lombardia. The total capacity of the projects is...

European Commission and Moldova agree on strategy for energy resilience

The European Commission (EC) and the Republic of Moldova have agreed on a two-year strategy aimed at strengthening Moldova’s energy independence and resilience. The strategy includes a €250m ($258.7m) financial support package for 2025, implemented...

Enel North America signs PPA with Meta for Rockhaven wind farm

Enel North America, a unit of Italian energy company Enel, has signed a power purchase agreement (PPA) with Meta for a 115MW portion of the Rockhaven wind farm in Oklahoma.  This marks the third collaboration between the two companies. The Rockhaven...

Westinghouse proposes SMRs in Italy’s decommissioned nuclear sites

US-based energy company Westinghouse has proposed installing small modular reactors (SMRs) at four decommissioned nuclear sites in Italy, with construction expected to begin by 2030, according to Reuters. The four sites—Caorso, Trino, Latina, and...

TenneT signs agreement for offshore farm connection in Netherlands

TenneT has signed a realisation agreement with a consortium of SSE Renewables and pension investor APG, on behalf of pension fund ABP, for the offshore grid connection of the IJmuiden Ver Alpha wind farm, located 60km offshore the Netherlands. This...

Guyana approves budget for gas-to-energy projects

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...

Mitsubishi reviews offshore wind projects in Japan

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...

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

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...

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