According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June 2024, reflecting a 5.4% year-on-year...
Energy company VPI plans to invest up to €450 million in battery storage projects in Germany, aiming to develop 500 MW of capacity over the next three to five years. This investment aligns with Germany’s goal of generating 80% of its electricity from...
Norwegian energy company Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. The 25-year, USD-denominated agreement marks...
Several solar and wind projects in South Africa will receive €400 million through a joint initiative between the European Investment Bank (EIB) and South Africa’s FirstRand Bank. The investment, with each party contributing €200 million, aims to...
Qatar Investment Authority (QIA), with assets valued at $475 billion, is looking to increase its stake in Spain’s leading utility company, Iberdrola, from 8.8% to over 10%, according to local Spanish media reports. This move would further solidify...
EnBW is in discussions with its major shareholders about a potential capital increase of €3 billion to manage the rising costs of investing in Germany’s energy transition. The utility stated that the decision regarding a possible share issue...
DTEK plans to establish a series of energy storage systems (ESS) across Ukraine, with a total capacity of 200 MW, aimed at enhancing the nation’s green and secure energy infrastructure. The project will involve a €140 million investment and is...
Westinghouse Electric has partnered with Hyundai Engineering & Construction to pursue nuclear power plant (NPP) projects in Sweden and Finland. The collaboration will focus on deploying Westinghouse’s AP1000 reactor technology, with...
GE Vernova has secured a 140 MW wind turbine order in Romania from Public Power Corporation Renewables (PPCR). The company will supply, install, and commission 23 turbines, each with a 6.1MW capacity, for a wind project in Vaslui County. The...
Siemens has announced the acquisition of Trayer Engineering, a US-based company specializing in medium voltage secondary distribution switchgear, as part of its strategy to expand its grid modernization portfolio. While the financial details remain...
GE Vernova Inc. has launched the RESTORE DC Block, an advanced containerized solution for Battery Enabled Energy Storage (BESS) with a capacity of 5 MWh and an operational duration of 2-8 hours. Designed for utility-scale renewable and energy storage...
Encavis has secured €60.7 million in non-recourse project financing for its solar plant in Lindenhof, Borrentin, located near Demmin in Mecklenburg-Western Pomerania. The plant is expected to be operational by the end of September 2024 and will...
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