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Iberdrola acquires 88% stake in Electricity North West
Iberdrola has finalized the acquisition of an 88% stake in UK-based Electricity North West (ENW), valuing the entire company, including debt, at €5 billion ($5.4 billion). ENW serves approximately 5 million people across northwest England, including Manchester and the Lake District, managing 60,000 km of distribution networks. This acquisition is strategically significant for Iberdrola, as…
Adani Green incorporates UAE subsidiary AREMEL
Adani Green Energy Limited has expanded its international presence with the incorporation of a wholly owned subsidiary, Adani Renewable Energy Middle East Ltd (AREMEL), established in the United Arab Emirates (UAE) on February 25, 2026. The entity has been incorporated in the UAE with an authorised capital of AED 10,000. AREMEL will undertake power generation…
GAIL updates biogas pricing and transport charges under CBG scheme
GAIL (India) Limited has revised how it calculates prices for biogas and compressed biogas (CBG) under the CBG-CGD synchronisation scheme. The update follows the Ministry of Petroleum and Natural Gas’s (MoP&NG) supply guidelines dated April 9, 2021. Under the revised method, the biogas procurement price will now be set at 85 percent of the average…
Reliance Group plans Rs 180 billion fundraise for energy expansion
Reliance Group has secured board approvals from Reliance Infrastructure and Reliance Power to raise Rs 180 billion through a mix of equity and debt to support its expansion into the power and renewable energy sectors. According to the company’s release, the fundraising will enable the group to execute its next phase of growth, which includes…
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Coal India signs MoU with Hindustan Copper to explore critical minerals
Coal India Limited (CIL) has signed a non-binding memorandum of understanding with Hindustan Copper Limited (HCL) to explore joint opportunities in copper and critical minerals. The move marks CIL’s growing push beyond coal, aligning with India’s National Critical Mineral Mission (NCMM). CIL is targeting minerals used in batteries, electric vehicles, and clean energy technologies. The…
China to continue coal plant construction through 2027
China plans to continue building coal-fired power plants until at least 2027, according to new government guidelines aimed at upgrading the country’s coal power infrastructure. The decision, released by China’s state planner and energy regulator, is stirring debate over the nation’s long-term climate commitments, particularly its pledge to start cutting coal use between 2026 and…
