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Octopus Energy completes acquisition of UK renewables developer Exagen Group

Global, News

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 acquisition will accelerate the execution of these projects, furthering the UK’s renewable energy goals. Littman expressed pride in the progress made by Exagen, highlighting the company’s mission to fight climate change. Octopus had initially invested in Exagen with a 24% stake…

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

Global, News

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 households and offset 311,200 tonnes of carbon dioxide emissions annually. The project, developed by Masdar Taaleri Generation in collaboration with Serbian developer New Energy Solutions, will feature 22 Nordex 7 MW turbines. Nordex…

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Ukraine’s energy system braces for severe winter amid increased Russian attacks, IEA warns

Global, News

Ukraine’s energy infrastructure faces its toughest challenge yet as winter approaches, according to a new report by the International Energy Agency (IEA). Russian missile and drone attacks have increasingly targeted Ukraine’s generation and transmission assets, causing more sustained damage than in previous phases of the war. The report, titled Ukraine’s Energy Security and the Coming Winter, highlights the extensive damage and warns of a potential 6GW energy shortfall during peak demand, despite efforts to restore…

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UK to acquire National Grid’s Electricity System Operator

Global, News

The UK Government has agreed to purchase the National Grid’s Electricity System Operator (ESO) for £630 million ($827.95 million). The deal, expected to close by 1 October, aims to enhance energy security, reduce bills, and accelerate the clean energy transition. Once completed, the new independent National Energy System Operator (NESO) will oversee electricity and gas distribution, working with Great British Energy to integrate renewable energy into the grid. The NESO will be chaired by former…

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DTEK to invest €140 million in 200 MW energy storage systems across Ukraine

Global, News

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 expected to be operational by September 2025. These ESS will provide ancillary services to Ukrenergo, the national Transmission System Operator. In August 2024, DTEK won a competitive auction to supply automatic frequency restoration reserves to…

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Thermax, UK firm partner for green hydrogen manufacturing

India, News

Thermax has partnered with Ceres Power to manufacture large-scale Solid Oxide Electrolysis Cells (SOEC), crucial for green hydrogen production. Leveraging its expertise in heat integration and waste heat recovery, Thermax will develop and produce pressurised stack array modules (SAM) and SAM balance of modules (SBM), essential for multi-megawatt SOEC electrolyser systems. Under a global license agreement, Thermax will manufacture, sell, and service these systems based on Ceres’ advanced SOEC technology. The collaboration aims to deliver…

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UK unveils £5.5bn subsidy scheme for Sizewell C nuclear power plant

Global, News

The UK Energy Security Department and Net Zero (DESNZ) have announced a new £5.5 billion subsidy scheme to support the Sizewell C nuclear power plant (NPP) through to its final investment decision (FID).  The announcement comes after a review by the Competition and Markets Authority to ensure the Devex scheme’s compliance with the Subsidy Control Act 2022. This new scheme operates independently from the existing SZC Investment Funding Scheme, which was launched following the government’s…

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Westinghouse appeals Czech’s selection of KHNP for Dukovany nuclear project

Global, News

US nuclear company Westinghouse Electric has filed an appeal against the Czech Republic’s decision to select South Korea’s Korea Hydro & Nuclear Power (KHNP) as the preferred bidder for a multi-billion-dollar nuclear project. The Czech government chose KHNP to construct two nuclear reactors at the Dukovany power plant, each costing $8.65 billion, following a competitive bidding process. KHNP was selected over France’s EDF, with sources indicating that KHNP’s bid was significantly less costly. Westinghouse, which…

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North Falls offshore wind farm DCO application accepted for examination by UK Planning Inspectorate

Global, News

SSE Renewables has announced that the development consent order (DCO) application for the North Falls offshore wind farm has been accepted for examination by the UK’s Planning Inspectorate. North Falls is a joint venture between RWE Offshore Wind and SSE Renewables. The DCO application, submitted in July 2024, moves the project into the pre-examination phase, with the formal examination set to begin in early 2025. North Falls is a proposed extension to the Greater Gabbard…

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Westinghouse receives UK approval for AP300 SMR design assessment

Global, News

Westinghouse Electric has received formal approval from the UK’s Department of Energy and Net Zero to enter the Generic Design Assessment (GDA) for its AP300 Small Modular Reactor (SMR). This marks a significant step for nuclear technology in the UK, which is supporting new nuclear projects through the Great British Nuclear (GBN) initiative. The AP300 SMR is a smaller, transportable reactor with a capacity of up to 300 MW(e) per unit, based on Westinghouse’s proven…