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Iberdrola explores sale of UK smart metering business to raise £1bn

Spanish utility Iberdrola is considering the sale of its UK smart metering business, aiming to raise £1 billion ($1.27 billion), according to Reuters. The company is working with the Royal Bank of Canada as an adviser on the deal, though the sale...

Ofgem approves funding for transmission projects in Scotland

The British Office of Gas and Electricity Markets (Ofgem) has approved funding for several transmission infrastructure projects in Scotland, enabling SSEN Transmission to begin pre-construction activities such as community consultations and supply...

TotalEnergies and OQAE to develop 300 MW RE projects in Oman

TotalEnergies has partnered with OQ Alternative Energy (OQAE) to develop 300 MW of renewable energy projects in Oman.  The electricity generated will be supplied to Petroleum Development Oman (PDO) through long-term power purchase agreements, with...

Hygreen Energy supplies 25 MW electrolyser for hydrogen project in China

Hygreen Energy has delivered a 25 MW electrolyser system to Huadian Weifang Power Generation Co., Ltd.  The system, capable of producing 3.6 tonnes of hydrogen daily with 99.999 percent purity, will support large-scale hydrogen projects in...

Ofgem proposes energy debt reforms amid £4bn crisis

The UK Office of Gas and Electricity Markets (Ofgem) has proposed reforms to address household energy debts, which have surged to £4bn ($5.1bn).  The regulator suggests changes such as introducing tariffs without standing charges and standardizing...

ADB approves $200m loan for Pakistan’s power distribution

The Asian Development Bank (ADB) has sanctioned a $200 million loan to modernise Pakistan’s power distribution infrastructure. The initiative targets reducing energy losses, strengthening infrastructure resilience against climate change, and...

Solar N Plus secures 500MW solar supply order for overseas market

China-based Solar N Plus New Energy Technology has secured a 500MW supply order for its high-efficiency N-type solar products, bolstering its position in the global renewable energy sector.  Renowned for its advanced N-type technology, the company...

Cathay Life acquires 50% stake in Ørsted’s Greater Changhua 4 wind farm

Ørsted has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm in Taiwan to Cathay Life Insurance (CLI) and its affiliate Cathay Wind Power Holdings.  The deal, valued at DKr11.6 billion ($1.6 billion), includes 50% ownership and...

Australia announces 19 renewable projects under Capacity Investment Scheme

Australia’s renewable energy sector is poised for expansion with 19 new projects announced under the Capacity Investment Scheme (CIS) Tender 1.  These projects will add 6.4GW of clean energy to the national electricity market, powering three...

Vestas repurposes Isle of Wight factory for onshore wind blade production

Vestas has announced plans to transition its Isle of Wight factory in the UK from manufacturing offshore turbine blades to onshore blade production.  The shift follows an agreement in principle with the UK government and responds to declining demand...

Angola ends state monopoly on electricity transmission

The Angolan government has amended the General Electricity Law, officially ending the state’s monopoly on electricity transmission.  This will enable private sector participation through public service concession agreements, aiming to accelerate...

Serbia’s 2025 budget allocates EUR 1 billion for green projects

Serbia’s 2025 Budget Law introduces its first Green Budget annex, allocating EUR 1 billion to 64 projects aimed at environmental protection and energy efficiency.  The budget earmarks EUR 528.4 million for railway projects, including the...

Greece becomes net exporter of electricity

Greece has shifted from being a net importer to a net exporter of electricity, now regularly supplying up to a third of its daily production to neighbouring countries.  Greek electricity exports reached 2 GW out of a total production of 6 GW, with...

Albania allows solar and wind power installations on pastureland

Albania has adopted a new law permitting the construction of solar and wind power plants on pastureland, a move driven by growing demand for renewable energy.  The law allows photovoltaic (PV) panels to be mounted at least five meters above the...

Montenegro plans coal plant shutdown by 2041

Montenegro aims to shut down the Pljevlja coal power plant by 2041 as part of its draft National Energy and Climate Plan (NECP).  The plan was submitted by the Ministry of Energy to the Energy Community Secretariat for review. Minister of Energy Saša...

Investors propose taking ReNew Energy Global private in deal

Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion.  The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the...

Europe pushes to boost industrial competitiveness and decarbonization

Eurelectric, along with CEFIC (European chemicals) and European Aluminium, have outlined six key measures for improving Europe’s industrial competitiveness and advancing its decarbonization efforts.  The measures were discussed during the...

Eemshaven Port chosen for OranjeWind offshore wind project

RWE and TotalEnergies have chosen the port of Eemshaven in the Dutch North Sea as the assembly and construction base for their joint offshore wind project, OranjeWind.  Located in the northern Groningen province, Eemshaven will serve as the hub for...

Zimbabwe secures $250m for floating solar project at Kariba Dam

Zimbabwe’s industrial power users, represented by the Intensive Energy User Group (IEUG), have secured $250 million in financing from the African Export-Import Bank (Afreximbank) to develop a floating solar project at Kariba Dam.  The project, which...

Acadia leads $9bn renewable energy initiative with Microsoft

US-based investor Acadia Infrastructure Capital, along with major companies including Microsoft, has launched a $9 billion initiative to develop renewable energy projects across the United States.  The initiative, known as the Climate and Communities...

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Power Sector News Roundup for July 6, 2026

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