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IAEA head expresses confidence in re-engaging nuclear talks with Iran

Rafael Grossi, director-general of the International Atomic Energy Agency (IAEA), expressed optimism that Iran will re-engage with the nuclear watchdog after a recent discussion with Iranian Foreign Minister Abbas Araqchi. Speaking on the sidelines...

Research suggests slower flight speeds to reduce emissions

A new study from the University of Cambridge proposes that reducing flight speeds by 15% could lower fuel consumption by 5–7%, contributing to more sustainable air travel. The report acknowledges potential downsides, such as longer flight times and...

GE Vernova expands HVDC manufacturing in UK

GE Vernova has announced a major expansion of its manufacturing facilities in Stafford, UK, to meet growing global demand for high-voltage direct current (HVDC) transmission systems, essential for transmitting renewable energy across Europe, Asia...

Oklo finalizes agreement with DOE for nuclear reactor site inspections in Idaho

Nuclear power company Oklo has secured a memorandum of agreement (MOA) with the U.S. Department of Energy (DOE), allowing it to conduct site inspections for its planned advanced nuclear reactor in Idaho. This agreement enables Oklo to proceed with...

CIB and Elemental Energy secure $118m loan for Higgins Mountain wind project in Nova Scotia

The Canada Infrastructure Bank (CIB) and Elemental Energy have reached financial close on a $118 million loan to support the Higgins Mountain wind project in Nova Scotia. Located in Colchester and Cumberland, the 100 MW wind farm will consist of 17...

Origis Energy partners with TVA to expand solar + storage projects in Mississippi

Origis Energy and the Tennessee Valley Authority (TVA) have signed a power purchase agreement to develop the Hope Solar + Storage project in Clay County, Mississippi. The project will feature a 200 MWac solar facility combined with 200 MW (800 MWh)...

Ecuador faces widespread power cuts as drought impacts hydroelectric generation

Ecuador’s government has implemented power cuts in half of the country’s provinces due to a severe drought that has drastically reduced hydroelectric power generation. The blackout affected 12 of the 24 provinces from 8am to 5pm on Sunday, 22...

RWE partners with Port of Setúbal to develop logistics hub for floating offshore wind energy in Portugal

RWE is collaborating with the Port Authority of Setúbal in Portugal to develop a logistics hub for floating offshore wind energy. The partnership aims to explore the port’s potential to become an industrial hub for marshalling, assembly, and...

TAURON acquires rights for 190.8 MW wind project in Poland from VSB Group

TAURON Polska Energia’s subsidiary, TAURON Zielona Energia, has signed an agreement with German renewables developer VSB Group to acquire project rights for the 190.8 MW Miejska Górka wind project in Poland’s Greater Poland Voivodeship...

AMEA Power to invest in BESS and solar capacity in Egypt

AMEA Power has announced plans to invest USD 800 million to develop Egypt’s largest solar photovoltaic (PV) plant and first utility-scale battery energy storage systems (BESS). The project, located in the Benban area of Aswan Governorate, will...

Vestas secures 134 MW wind turbine order from Invenergy in Japan

Danish wind turbine manufacturer Vestas has won a 134 MW order from Invenergy for Japan’s Inaniwa Wind Energy Center in Iwate prefecture. This marks Vestas’ largest order in Japan to date. The company will supply and install 32 of its V117-4.2 MW...

Octopus Energy completes acquisition of UK renewables developer Exagen Group

Octopus Energy Generation has fully acquired UK-based renewables and energy storage developer Exagen Group from its founder, Jeremy Littman. Exagen’s development pipeline includes over 2.4GW of solar and energy storage projects across England. This...

Masdar to acquire Saeta Yield for $1.4bn, expanding its renewable energy footprint in Iberia

United Arab Emirates-based clean energy company Masdar has announced plans to acquire Saeta Yield from Brookfield Renewable and its institutional partners for an enterprise value of $1.4 billion (€1.2 billion). Saeta Yield, an independent renewable...

Masdar and Taaleri Energia achieve financial close for Čibuk 2 wind farm in Serbia

Masdar, in partnership with Taaleri Energia, has reached financial close for the 132 MW Čibuk 2 wind farm in Serbia, securing a €144 million debt facility from UniCredit and Erste (Erste Group and Erste Bank Serbia). The wind farm will power 62,000...

Nuclear fuel prices surge due to uranium conversion and enrichment bottleneck

The cost of nuclear fuel has surged in the past two years, primarily due to bottlenecks in uranium conversion and enrichment, exacerbated by the Russian invasion of Ukraine. While the price of raw uranium ore has doubled since early 2022, the prices...

Samaiden Group forms JV to expand renewable energy portfolio in Indonesia

Samaiden Group has entered into a joint venture (JV) with PT MCS Bina Energi to expand its renewable energy operations in Indonesia. The venture, made through Samaiden SG Private Limited, a subsidiary of Samaiden Group, will focus on solar...

Engie signs CPPA for 325MW C-Power wind farm in Belgium

Engie has signed a corporate power purchase agreement (CPPA) with Atlas Copco Airpower to supply clean energy from its 325 MW C-Power offshore wind farm in Belgium. The agreement will enable Atlas Copco Airpower to partially power its smart factory...

NKT completes cable repair at Gemini wind farm, restoring 600 MW capacity

NKT has completed cable repair works at the 600 MW Gemini wind park offshore the Netherlands. The wind farm, which supplies renewable energy to 900,000 households, experienced a cable failure in the summer of 2024, impacting one of the export cables...

Potential 10 billion tonne emission reduction from COP28 climate goals: IEA report

The International Energy Agency (IEA) has released a report, From Taking Stock to Taking Action, outlining that the climate targets established at COP28 could reduce global greenhouse gas emissions by 10 billion tonnes (bt) by 2030. These targets...

Hitachi Energy invests $155 million in North American manufacturing

Hitachi Energy has announced plans to invest an additional $155 million into its North American manufacturing operations, including the construction of a new distribution transformer factory in Reynosa, Mexico, and expansions at existing facilities...

Recent Posts

EGAT plans three pumped storage power plants in Thailand

The Electricity Generating Authority of Thailand (EGAT) has announced plans to develop three pumped...

ACCIONA Energía sells hydro portfolio to Endesa for €1 billion

ACCIONA Energía has signed an agreement with Endesa for the sale of 100% of Corporación Acciona...

ACWA Power signs agreement with Uzbekistan for 2 GWh battery storage projects

On November 16, 2024, ACWA Power signed a binding Implementation Agreement (IA) with Uzbekistan’s...

Power Sector News Roundup for November 21, 2024

Global: Amazon invests in Greece’s largest wind energy project with three wind farms. China tightens...

SEFE, Eletrobras, and EnerTech partner to supply green hydrogen to Germany

Securing Energy for Europe (SEFE), Eletrobras, and EnerTech have signed a Joint Study Agreement...

Voltalia and TAQA Arabia partner for Zafarana wind farm in Egypt

Voltalia and TAQA Arabia have signed a memorandum of understanding (MOU) with Egypt’s Ministry of...

Synera Renewable secures permit for Formosa 4 wind project in Taiwan

Synera Renewable Energy (SRE) has received an establishment permit from Taiwan’s Energy...

Fluor JV begins design phase for Cernavoda nuclear expansion in Romania

Fluor’s joint venture, including AtkinsRéalis, Sargent & Lundy, and Ansaldo Nucleare, has...

Trump names Chris Wright as energy secretary

President-elect Donald Trump has appointed Chris Wright, a veteran of the US energy sector and CEO...

Poseidon to deliver cable services for Greater Changhua wind farms in Taiwan

Poseidon Cables has secured a contract with NCT Offshore to provide cable pre-rigging and pull-in...