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Scatec ASA’s Egypt Green Hydrogen project secures €30 million grant

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Scatec ASA’s Egypt Green Hydrogen project has signed an agreement with the PtX Development Fund, securing a €30 million grant to support the project, which has a total capital expenditure of approximately €500 million. The PtX Development Fund, created by the German Federal Ministry for Economic Cooperation and Development and KfW, aims to promote Power-to-X projects in developing and emerging countries. This funding will contribute to Scatec’s green hydrogen production efforts, aligning with the fund’s…

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Italy’s nuclear revival is imperative, World Nuclear Association says

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Italy, the only G8 country without an operational nuclear power plant, is advancing toward reversing its nearly four-decade-long ban on nuclear power. After the 1987 shutdown of its four reactors following the Chernobyl disaster, public opposition to nuclear energy has been strong. Despite attempts to revive nuclear energy in the past, including a failed 2008 initiative, the ban remained in place. In May 2023, Italy’s lower house of parliament passed motions asking the government to…

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Sweco to design one of Europe’s largest energy storage projects in Belgium

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Sweco has been selected to design the Green Turtle project in Belgium, one of the largest battery energy storage systems (BESS) in Europe. The Swedish engineering consultancy will partner with Dutch energy storage company GIGA Storage to develop the 700 MW facility, which will have a storage capacity of 2.8 gigawatt-hours. The project aims to store renewable energy for release during periods of low solar and wind generation, reducing Belgium’s dependence on gas-fired power plants,…

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Equinor acquires 9.8% stake in Ørsted, becoming second-largest shareholder

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Norwegian energy giant Equinor has acquired a 9.8% stake in Danish renewable energy company Ørsted, valued at $2.5 billion. This transaction, involving 41,197,344 shares, makes Equinor Ørsted’s second-largest shareholder. Equinor plans to increase its stake to 10%, pending regulatory approvals but does not intend to grow the stake further. Ørsted, with a renewable generation capacity of 10.4GW, is developing offshore wind projects totalling 7GW and aims to achieve a capacity of 35-38GW by 2030. Equinor…

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RWE, TotalEnergies partner for 4 GW offshore wind projects off German coast

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RWE has partnered with TotalEnergies to develop two offshore wind projects with a combined capacity of 4GW off the coast of Germany. TotalEnergies will acquire a 50% equity stake in both projects, marking a significant collaboration in renewable energy. The projects, identified as N-9.1 and N-9.2, are located between 110km and 115km northwest of Borkum Island. Each site has a potential capacity of 2GW. Investment decisions are expected in 2027 for N-9.1 and 2028 for…

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Kazakhstan votes to initiate nuclear energy development

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Kazakhstan has voted in favour of developing nuclear energy, with 71.12% of voters supporting the construction of nuclear power plants, according to preliminary results from the Central Election Commission. Of the 7.8 million voters, the majority agreed to the proposal in the referendum held on 6 October. President Kassym-Jomart Tokayev emphasized the need for an international consortium with advanced technology to work in the country, highlighting nuclear energy as a sustainable solution for Kazakhstan’s growing…

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Nordex Group secures 500MW wind turbine orders in Canada

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Nordex Group has received orders for wind turbines totalling 500 MW for undisclosed projects in Canada, scheduled for delivery in 2025 and 2026. The orders include 74 N163 turbines, each equipped with the Nordex Advanced Anti-Icing System to ensure high performance during Canada’s harsh winters. The company also secured long-term service agreements ranging from 15 to 30 years. Nordex has previously sold nearly 1.2GW of turbines across Canada and brings its expertise in cold climate…

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SSE Renewables begins construction on 320 MW BESS project in UK

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SSE Renewables has commenced construction on its largest battery energy storage system (BESS) at Monk Fryston, North Yorkshire. The 320MW facility will be one of the largest in the UK, providing electricity for over half a million homes for up to two hours during periods of high demand upon completion in early 2026. The groundbreaking ceremony included representatives from SSE Renewables, Morrison Energy Services, and Sungrow, the energy storage supplier. Sungrow’s advanced storage solutions will…

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Synergy begins installation of battery units at Collie BESS in Australia

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Synergy has started installing the first battery units at its 500MW/2GWh Collie battery energy storage system (BESS) in Western Australia. The project, valued at A$1.6 billion (USD 1.07 billion), will include 640 battery units and is scheduled to be operational by 2025. Once complete, the BESS will power 785,000 homes for four hours. The construction phase has generated 500 local jobs in Collie and supports the state’s energy transition plan, which aims to phase out…

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MoP issues guidelines for battery swapping and charging stations

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The Ministry of Power (MoP) has released guidelines for the installation and operation of battery swapping and charging stations. These guidelines apply to swappable battery providers and operators of battery charging and swapping stations. The primary objectives are to promote battery swapping as an alternative to electric vehicle (EV) charging, encourage battery-as-a-service models, and develop a strong battery-swapping ecosystem. Operators can use existing electricity connections for charging swappable batteries, with or without increasing the connected…