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Enedis has presented its "preliminary" network development plan to support the energy transition in France. Faced with the increase in electrical usage, particularly related to electric cars, the company is planning historically high investments of more than 5 billion euros per year by 2032.
Enedis has presented its "preliminary" network development plan to support the energy transition in France. Faced with the increase in electrical usage, particularly related to electric cars, the company is planning historically high investments of more than 5 billion euros per year by 2032.
Aramco posted record profits of $161.1 billion in 2022, drawing criticism from environmental advocates. Although the company is committed to achieving carbon neutrality by 2060, it continues to invest in fossil fuels, raising concerns about achieving this goal.
Aramco posted record profits of $161.1 billion in 2022, drawing criticism from environmental advocates. Although the company is committed to achieving carbon neutrality by 2060, it continues to invest in fossil fuels, raising concerns about achieving this goal.
ADNOC Gas has made a stunning entry on the Abu Dhabi Stock Exchange by raising more than 2.3 billion euros. This historic transaction in the Gulf emirate is a testament to the popularity of the gas market.
ADNOC Gas has made a stunning entry on the Abu Dhabi Stock Exchange by raising more than 2.3 billion euros. This historic transaction in the Gulf emirate is a testament to the popularity of the gas market.
Mulilo Energy Holdings is now majority owned by Copenhagen Infrastructure Partners. This acquisition marks CIP's entry into the South African renewable energy market and will accelerate the country's green transition.
Mulilo Energy Holdings is now majority owned by Copenhagen Infrastructure Partners. This acquisition marks CIP's entry into the South African renewable energy market and will accelerate the country's green transition.
Enel is pursuing its strategic asset disposal plan. After announcing in November 2022 its intention to focus on six key markets, the group has signed an agreement with PPC to sell all its assets in Romania for EUR 1.26 billion.
Enel is pursuing its strategic asset disposal plan. After announcing in November 2022 its intention to focus on six key markets, the group has signed an agreement with PPC to sell all its assets in Romania for EUR 1.26 billion.
The oil sector continues to be controversial as the profits of the majors have soared due to rising energy prices. Meanwhile, executive compensation at these companies has also skyrocketed, prompting outrage from critics.
The oil sector continues to be controversial as the profits of the majors have soared due to rising energy prices. Meanwhile, executive compensation at these companies has also skyrocketed, prompting outrage from critics.
Patrick Pouyanné, CEO of TotalEnergies, spoke at the CERAWeek conference in Houston to defend the energy group's 2022 earnings.
Patrick Pouyanné, CEO of TotalEnergies, spoke at the CERAWeek conference in Houston to defend the energy group's 2022 earnings.
Researchers at the University of Rochester announced the discovery of a room temperature superconducting material in the journal Nature. This discovery represents a major breakthrough in the field of superconductivity, which could lead to numerous scientific and industrial applications.
Researchers at the University of Rochester announced the discovery of a room temperature superconducting material in the journal Nature. This discovery represents a major breakthrough in the field of superconductivity, which could lead to numerous scientific and industrial applications.
Taqa Morocco has announced plans to invest $1.6 billion in renewable energy and water desalination projects in Morocco. The objective of these projects is to meet the growing demand for electricity in the country and to increase the share of renewable energy in the energy mix.
Taqa Morocco has announced plans to invest $1.6 billion in renewable energy and water desalination projects in Morocco. The objective of these projects is to meet the growing demand for electricity in the country and to increase the share of renewable energy in the energy mix.
BP is slowing its energy transition by reducing its planned spending on renewable energy by up to $5 billion by 2030.
BP is slowing its energy transition by reducing its planned spending on renewable energy by up to $5 billion by 2030.
The Spanish group Iberdrola confirms France as one of the priority countries in its European growth strategy. With the creation of Iberdrola France and the arrival of Emmanuel Rollin as CEO.
The Spanish group Iberdrola confirms France as one of the priority countries in its European growth strategy. With the creation of Iberdrola France and the arrival of Emmanuel Rollin as CEO.
Finnish energy company Fortum has published its annual financial report for the year 2022, reporting a net loss of more than 10 billion euros. This loss is largely related to the former German subsidiary Uniper and the ongoing withdrawal from Russia.
Finnish energy company Fortum has published its annual financial report for the year 2022, reporting a net loss of more than 10 billion euros. This loss is largely related to the former German subsidiary Uniper and the ongoing withdrawal from Russia.
Veolia announced record results for the year 2022, with net profit up 30%, exceeding one billion euros for the first time. This performance is largely due to the absorption of a large part of the assets of rival Suez.
Veolia announced record results for the year 2022, with net profit up 30%, exceeding one billion euros for the first time. This performance is largely due to the absorption of a large part of the assets of rival Suez.
The Vallourec group recorded a net loss of €366 million for the year 2022, following the recording of a provision of €574 million to cover the closure of its European plants announced in May 2022. Despite this difficult situation, the group said it was "very satisfied" with the results obtained thanks to a 42% increase in turnover.
The Vallourec group recorded a net loss of €366 million for the year 2022, following the recording of a provision of €574 million to cover the closure of its European plants announced in May 2022. Despite this difficult situation, the group said it was "very satisfied" with the results obtained thanks to a 42% increase in turnover.
TotalEnergies has announced the acquisition of Cepsa's upstream oil assets in Abu Dhabi. This transaction strengthens the French group's ties with the national oil company of the United Arab Emirates (UAE) and reinforces TotalEnergies' presence in the Middle East region.
TotalEnergies has announced the acquisition of Cepsa's upstream oil assets in Abu Dhabi. This transaction strengthens the French group's ties with the national oil company of the United Arab Emirates (UAE) and reinforces TotalEnergies' presence in the Middle East region.
On March 1, 2023, Germany's RWE completed the acquisition of all the shares of Con Edison Clean Energy Businesses, Inc. with an enterprise value of $6.8 billion. With the formation of RWE Clean Energy, LLC, the company becomes the second largest owner and operator of solar panels in the United States.
On March 1, 2023, Germany's RWE completed the acquisition of all the shares of Con Edison Clean Energy Businesses, Inc. with an enterprise value of $6.8 billion. With the formation of RWE Clean Energy, LLC, the company becomes the second largest owner and operator of solar panels in the United States.
A BloombergNEF report highlights that banks invested more in low-carbon energy supply in 2021. However, analysts insist that banks still need to step up their climate commitments to meet the goals of the Paris agreement.
A BloombergNEF report highlights that banks invested more in low-carbon energy supply in 2021. However, analysts insist that banks still need to step up their climate commitments to meet the goals of the Paris agreement.
EDP Renewables announced a 2% growth in net income for the year 2022, driven by a 10% increase in renewable energy production and its asset rotation strategy.
EDP Renewables announced a 2% growth in net income for the year 2022, driven by a 10% increase in renewable energy production and its asset rotation strategy.
Technip Energies announced a 23% decline in revenues in 2022, following the exit of its huge liquefied natural gas project in Siberia. However, the company recorded an improvement in net income, confirming its potential in LNG markets that it considers promising in the short term, both in Europe and in Asia.
Technip Energies announced a 23% decline in revenues in 2022, following the exit of its huge liquefied natural gas project in Siberia. However, the company recorded an improvement in net income, confirming its potential in LNG markets that it considers promising in the short term, both in Europe and in Asia.
Neoen has recorded a 10% growth of its net profit in 2022 thanks to the growing demand for green electricity. With an ambitious target of 20 GW installed or under construction by 2030, Neoen is positioned among the world's leading energy companies.
Neoen has recorded a 10% growth of its net profit in 2022 thanks to the growing demand for green electricity. With an ambitious target of 20 GW installed or under construction by 2030, Neoen is positioned among the world's leading energy companies.
ABO Wind has reached an agreement with Repsol Renovables for the sale of five renewable energy projects in Spain. The projects will produce enough clean electricity to power 172,000 homes and avoid 266,000 tons of CO2 emissions annually.
ABO Wind has reached an agreement with Repsol Renovables for the sale of five renewable energy projects in Spain. The projects will produce enough clean electricity to power 172,000 homes and avoid 266,000 tons of CO2 emissions annually.
Three of Octopus Energy's competitors have filed a lawsuit in the U.K. court challenging the government-backed takeover of energy provider Bulb, which they say is opaque. They denounce the use of billions of pounds of public money to support the sale of Bulb to Octopus.
Three of Octopus Energy's competitors have filed a lawsuit in the U.K. court challenging the government-backed takeover of energy provider Bulb, which they say is opaque. They denounce the use of billions of pounds of public money to support the sale of Bulb to Octopus.
Entergy Services has filed a waiver request with the Federal Energy Regulatory Commission for the next three seasonal capacity auctions in the Midcontinent Independent System Operator (MISO), citing new seasonal capacity certification rules that significantly reduce the value of certain fossil fuel plants.
Entergy Services has filed a waiver request with the Federal Energy Regulatory Commission for the next three seasonal capacity auctions in the Midcontinent Independent System Operator (MISO), citing new seasonal capacity certification rules that significantly reduce the value of certain fossil fuel plants.
BP's chief executive Bernard Looney is to receive a one-off bonus of £11.4 million, following the rise in oil prices in 2022. The announcement is raising questions among investors and increasing political pressure on BP, which is facing calls for higher taxes on windfall profits.
BP's chief executive Bernard Looney is to receive a one-off bonus of £11.4 million, following the rise in oil prices in 2022. The announcement is raising questions among investors and increasing political pressure on BP, which is facing calls for higher taxes on windfall profits.
Four ex-employees of RTE, manager of the high voltage lines, are judged for obstructing the operation of the electricity network. The defendants are suspected of having caused a "loss of remote control" of electrical substations on the remote network, in the midst of a labor dispute over wages and against the backdrop of the energy crisis. The CGT denounces a "union criminalization of strike actions".
Four ex-employees of RTE, manager of the high voltage lines, are judged for obstructing the operation of the electricity network. The defendants are suspected of having caused a "loss of remote control" of electrical substations on the remote network, in the midst of a labor dispute over wages and against the backdrop of the energy crisis. The CGT denounces a "union criminalization of strike actions".
The deal to take over bankrupt Britishvolt from Australian start-up Recharge Industries has been delayed as administrators need more time to review the start-up's plans. Britishvolt went bankrupt in January, dealing a blow to the British government's ambitions to achieve carbon neutrality by 2050.
The deal to take over bankrupt Britishvolt from Australian start-up Recharge Industries has been delayed as administrators need more time to review the start-up's plans. Britishvolt went bankrupt in January, dealing a blow to the British government's ambitions to achieve carbon neutrality by 2050.

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