The Nepal Electricity Authority (NEA) and GE Renewable Energy have entered into a multi-million dollar contract to improve Nepal's electricity transmission system. This project includes the automation of all 39 substations and the upgrading of relay panels and other necessary components to improve reliability, efficiency and financial viability for Nepalese citizens.

In 2022, EDF recorded one of the most massive losses in French history, with a loss of 17.9 billion euros. The company has been confronted with disruptions in its nuclear fleet and pressures related to the forced contribution to the "tariff shield" of the French, despite a 70% increase in its revenues. The French government is putting strong pressure on EDF to increase energy production and prepare the project of new EPR reactors.

SolarEdge Technologies, Inc. ("SolarEdge") announced the launch of a multi-year agreement with Freedom Forever to provide residential smart energy products and solutions in the United States. Electricity costs, recent storms and new regulations are bringing solar and battery-based solutions to the forefront.

Equinor awards major contract to Aibel for Hammerfest LNG modifications for the Snøhvit Future project. This EPCI contract includes the engineering, procurement, construction and installation of two new process modules related to compression and onshore electrification of the Melkøya plant. The goal is to extend the life of the plant until 2050, while reducing CO2 emissions by 850,000 tons per year.

On Tuesday, Enel, Italy's largest utility, announced an ambitious asset sale plan aimed at reducing its net debt by the end of this year. The company will then focus on six main markets in Europe and the Americas.

Nexans is announcing a "record" year in 2022, with net profit up sharply by 51% to 248 million euros, thanks to the electrification activities and the remarkable contribution of its "Power Generation & Transmission" segment. The U.S. is a key market for the group, which plans to continue its strategy of championing sustainable electrification globally as part of its 2022-2024 transformation plan called "Winds of change."

Despite huge fines, Swiss group Glencore sees its net profit soar in 2022. Rising commodity prices and slowing demand could damage the economic outlook for 2023.

Naturgy recorded a 35% increase in net profit, driven by the surge in energy prices on the world markets. This performance, which exceeded analysts' forecasts, enabled the Spanish giant to reduce its debt and accelerate its investments, particularly in the renewable energy sector. An ambitious strategy for the future of the company that confirms its position as a leader in the energy sector in Spain.

Enedis is about to launch a massive recruitment campaign to respond to the expansion of renewable energies in France. In 2023, the EDF subsidiary plans to hire nearly 2,900 people to connect to the solar, wind and hydro power grids, as well as for the electrification of uses and the connection of charging stations for electric vehicles. This announcement marks a real turning point for Enedis, which plans to recruit 10% more than in 2022, while the employment curve had been trending downward since 2016.

The company DG Raspail Conseil has been convicted of concealing favouritism with EDF. 81,000 fine for contracts awarded without competition or advertising. This decision was pronounced within the framework of a procedure of preliminary recognition of guilt (CRPC) and the sentence was approved by a judge.

A former Areva geologist is on trial in Paris for failing to declare a New Zealand trust. Claude Caillat, who discovered uranium in Canada in 2005, denies any fraudulent intent. The hearing highlighted the financial practices of the French nuclear giant at the time.

ACWA Power signs key agreements to develop renewable energy in the Republic of Azerbaijan, reinforcing the commitment to a clean and sustainable energy future. The agreements, with the Ministry of Energy and Azerbaijan's state oil company, include wind power and energy storage projects that will improve the national power grid and reduce carbon emissions.

HRS announced today the completion of the sale of 834,582 shares at a price of €24 per share to institutional and retail investors. Demand exceeded expectations with a subscription rate of 210% and a total demand of more than 25 million euros. This success increases the liquidity of HRS shares on the Euronext Growth market in Paris and marks the involvement of new shareholders in the company's long-term development.

Citicore Renewable Energy Corp is preparing to go public to fund an ambitious $4 billion investment in new solar projects. The funds from the initial public offering will allow Citicore to increase its solar power production to 5 GW within five years. The Philippines aims to increase renewable energy in its energy mix to 35% by 2030.

The Toshiba Group, which has suffered a loss in value in recent years, announced in April that it was seriously considering a takeover. It is the Japanese consortium led by JIP that would have won the status of "preferred candidate".

Manufacturer Legrand has achieved an excellent result in 2022, thanks to the growing need for decarbonization and electrification. The share of energy-efficient products in the group's sales is steadily increasing, reflecting growing environmental concerns.

A partnership to create a green hydrogen giant between Adani and TotalEnergies has been put on hold following accusations of accounting fraud against the Indian conglomerate. Adani commissioned an audit mission to investigate the accounting situation of the Indian group before the contract was signed.

Finnish energy company Fortum announced on Tuesday a hefty €1 billion provision on its Russian operations as part of its "controlled exit" from the country due to the invasion of Ukraine. This financial devaluation reflects the increasingly complex operating environment and prolonged uncertainty regarding Fortum's Russian operations.

he Norwegian energy giant, Equinor, announced on Wednesday exceptional financial results for the year 2022. Net income reached $28.7 billion, due to the surge in gas prices. Equinor's future investments, generous shareholder compensation plans, and strong growth position for the future point to a company on the rise.

Scatec ASA announced an important transaction today. The company sold its 42% stake in the 258 MW Upington solar power plant to a subsidiary of STANLIB Infrastructure Fund II for a gross consideration of ZAR 979 million.

Linde and OCI have signed a long-term agreement that will pave the way for the use of clean, low-carbon fuels. Using Linde's advanced technologies and extensive pipeline network, the operation is expected to generate 1.7 million metric tons of captured emissions per year.

Enel North America continues to expand its clean and sustainable energy capacity in the U.S. and Canada, building an additional 1.98 GW of utility-scale wind, solar and storage capacity in 2022.

Petronet LNG is looking to increase its LNG import quantity from 0.75 to 1 million tons per year. The company is looking to renew its long-term agreement with Qatar and link its LNG to global indices.

Siemens Energy announced Tuesday that its net loss for the first quarter more than doubled to 598 million euros. The loss is attributed in part to quality issues at Siemens Gamesa.

BP on Tuesday reported a net loss of $2.5 billion for 2022, but profit excluding special items more than doubled to $27.7 billion thanks to high prices and growing demand. In order to increase its profits by 2030, BP plans to invest up to $18 billion, two-thirds of which will go to hydrocarbons.