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...
Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support...
China has unveiled plans to develop space-based solar stations, aiming to collect energy unaffected by weather or night cycles. The project involves installing a 1 km-wide solar array in geostationary orbit, 36,000 km above Earth. Senior scientist...
Avina Clean Hydrogen (Avina) has completed the Front-End Engineering Design (FEED) and Front-End-Loading (FEL-3) for its 2,200 metric tons per day (MTPD) clean ammonia facility on the Texas Gulf Coast. The final investment decision (FID) for the...
Mirova, an affiliate of Natixis Investment Managers, has invested $10 million in ecoligo, a global provider of commercial and industrial (C&I) solar solutions. This investment will fund a portfolio of greenfield C&I solar rooftop projects in...
The USD 2 billion Thai Binh LNG power plant project in northern Vietnam will begin construction in late 2025 after completing its feasibility study by mid-year. Led by Thai Binh LNG Power JSC, a joint venture of Japan’s Tokyo Gas, Kyuden...
Statera Energy has acquired a 680 MW battery energy storage system (BESS) project at Trafford Low Carbon Energy Park in Greater Manchester, known as Carrington Storage. The project is expected to be fully energised by 2026 and will be more than...
EDF Renewables North America commenced commercial operations at the Huck Finn solar project in December 2024. Developed for Ameren Missouri, a subsidiary of Ameren Corporation, the project has a 200 MWac / 270 MWdc capacity and is now delivering...
Innergex Renewable Energy commenced commercial operation of its Boswell Springs wind farm in Albany County, Wyoming, on December 31, 2024. The 330 MW wind farm supplies clean electricity under a 30-year power purchase agreement (PPA) with...
ENGIE has announced an expansion of its wind farm in Ras Ghareb, Egypt, increasing its capacity from 500 MW to 650 MW. Developed by the Red Sea Wind Energy Consortium—comprising ENGIE, Orascom Construction, Toyota Tsusho, and Eurus Energy—the...
Monthly Magazine
Recent Posts
Coal India, UPRVUNL sign JV agreement for renewable energy projects Coal India Limited (CIL) and...
Koraam, powered by Kosol Energie Pvt. Ltd., has secured a 5.8 MW order from Sandip Electronics and...
The Central Electricity Authority (CEA) has issued a comprehensive advisory to power distribution...
The Ministry of New and Renewable Energy (MNRE) has issued a clarification on the applicability of...
The Department of Expenditure under the Union Ministry of Finance has granted a two-year exemption...
The Ministry of Power has issued a draft notification proposing amendments to India’s...
Tata Motors Limited has partnered with Welspun Renewable Energy Private Limited (WREPL) to...
NHPC Limited has opened the financial bids for the civil and hydro-mechanical works package to...
Prime Minister Narendra Modi has laid the foundation stone for an interstate transmission project...
The Gujarat government has revised its Right of Way (RoW) compensation policy for power transmission...