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...
GE Vernova, an American energy manufacturer, plans to invest nearly $600 million in its US facilities by 2027 to address growing global electricity demands. The investment is for improving energy affordability, national security, and global...
Enfinity Global Inc. has announced the expansion of its battery energy storage systems (BESS) portfolio with two new projects in Texas, totalling 425 MW of power capacity and 850 MWh of storage. Construction is set to begin in the second and...
On.Energy has closed construction credit facilities with Pathward and BridgePeak Energy Capital to develop its 160 MWh Palo de Agua battery storage portfolio in Texas. The financing supports On.Energy’s expansion in the United States, adding to...
Germany, Europe’s largest wind power producer, is experiencing its most prolonged period of below-average wind power generation since early 2021, as reported by Reuters. This shortfall is attributed to low wind speeds since October 2024...
MSIG Asia and The RiskPoint Group have teamed up to strengthen renewable energy (RE) insurance in the Asia Pacific region. With approval from the Monetary Authority of Singapore, RiskPoint will serve as MSIG Singapore’s Managing General Agent. This...
Ørsted and Polska Grupa Energetyczna (PGE) have made the final investment decision (FID) for the 1.5GW Baltica 2 offshore wind farm off the Polish coast. The wind farm is expected to be fully commissioned by the end of 2027. Developed in a 50/50...
The Mission 300 initiative, aimed at providing electricity to 300 million Africans by 2030, has raised more than $8bn in funding commitments during the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, held from 27 January to 28 January...
The government of Sri Lanka plans to renegotiate the power purchase agreement (PPA) with India’s Adani Green Energy for a 484MW wind power project, to reduce the cost to below $0.06 per unit, according to the Press Trust of India (PTI). The previous...
JUWI Renewable Energies will commence construction on three major private solar projects in South Africa, with a combined capacity of 340 MW and investments exceeding $320 million. The projects will serve key players in the mining, data centre, and...
The EU will offer €30m ($31.4m) in emergency assistance to Moldova, including the separatist Transnistrian region, until 10 February 2025. The aid follows Russian gas supplier Gazprom’s failure to deliver natural gas, leaving over 350,000...
Chevron USA and Engine No.1 have joined forces to create a new company for developing natural gas-fired power plants to support US-based AI data centres, in collaboration with GE Vernova. This initiative addresses the increasing demand for...
Vena Energy and Copenhagen Infrastructure Partners (CIP) have secured an offtake contract for their joint 500 MW Taean Wind Project in South Korea, awarded in the Wind Power Fixed-Price Contract Auction by the Korea Energy Agency (KEA). The...
Meridiam partners with HAU and EBRD to develop renewable energy in Egypt Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and...
The US’s largest electricity grid, managed by PJM Interconnection, anticipates a 58 GW surge in peak summer demand by 2035, reaching 210 GW due to the AI boom, according to Bloomberg. Data centres critical for AI operations drive rapid power...
Italy plans to finalise a strategy for the reintroduction of nuclear power by the end of 2027, as reported by Reuters. Energy Minister Gilberto Pichetto Fratin revealed the plan in an interview with Il Sole 24 Ore. The current government, under...
The US Energy Information Administration (EIA) projects that solar power will lead the growth in US power generation through 2027. In its latest short-term energy outlook, the EIA estimates utilities and independent power producers will add 26GW of...
JA Solar completes 1 GW delivery for Ulan Buh Desert energy base project JA Solar has successfully delivered high-performance n-type PV modules to the 1 GW photovoltaic project at the Ulan Buh Desert Northeast New Energy Base in China. This energy...
NextEra partners with GE Vernova for natural gas-fired project NextEra Energy has partnered with electric services company GE Vernova to develop natural gas-fired power generation projects in the United States, as reported by Reuters. The...
British International Investment (BII) has pledged $95 million to support climate action in South-East Asia, including a $70 million top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia...
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Germany’s thyssenkrupp nucera has been awarded a Front-End Engineering and Design (FEED) study...
RenewSys India has inaugurated a 3 GW solar module manufacturing facility at IndoSpace Industrial...
NTPC Limited has signed a Memorandum of Understanding (MoU) with Octopus Energy Group of the United...
Patel Engineering Limited (PEL) has received a Letter of Award from Himachal Pradesh Power...
SJVN Limited has reported that its 1,000 MW Bikaner Solar Power Project has generated 1 billion...
Bharat Heavy Electricals Limited (BHEL) has approved the consolidation of two pairs of manufacturing...
Bluspring Enterprises Limited has agreed to acquire 100% of STEAG Energy Services India Private...
Power Grid Corporation of India Limited (POWERGRID) has approved procurement of cold spare...
GAIL (India) Limited has invested Rs 130 million in Leafiniti Bioenergy Private Limited, a...
The Central Electricity Authority (CEA), under the Ministry of Power (MoP), has released the...