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OSW raises USD 5.5 million to support its global solar market expansion
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.
Peabody cancels its $3.78 billion bid for Anglo’s coal mines
Peabody Energy abandons the acquisition of Anglo American’s Australian coal assets, triggering an arbitration process following the failure of a post-incident agreement at the Moranbah North mine.

Ingeteam delivers 35 MW of energy storage through seven projects in Australia

Ingeteam partners with JinkoSolar and ACLE Services to equip seven sites in Australia, representing a total capacity of 35 MW and 70 MWh of energy storage.
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Ampol’s Half-Year Profit Drops 23% but Exceeds Market Expectations
Australian fuel distributor Ampol reports a 23% drop in net profit, impacted by weak refining margins and operational disruptions, while surpassing market forecasts.
800-Million-Dollar Agreement: Tsingshan Triggers an Energy Recomposition in Zimbabwe
With a new $800 million investment agreement, Tsingshan expands the Manhize steel plant and generates an energy demand of more than 500 MW, forcing Zimbabwe to accelerate its electricity strategy.

Gentari launches 243 MW solar and storage hybrid project in New South Wales

Gentari has started construction at the Maryvale site, a solar project combined with a 409 MWh battery storage system, located in Central-West Orana and backed by a long-term public contract.
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Acen Australia files federal application for 1,760MWh battery in Queensland
Developer Acen Australia has submitted a battery storage project to the federal government, targeting 440MW/1,760MWh in a region near solar and mining infrastructure in Queensland.
OX2 gets green light for 135 MW solar plant on former mining site
OX2 has obtained Australian environmental approval to build a solar and storage project in Muswellbrook, on a former coal site in New South Wales, marking a milestone in its industrial strategy in the region.

NRN raises $67.2m to accelerate its distributed energy platform in Australia

Australian company NRN has closed a $67.2m funding round, combining equity and debt, to develop its distributed energy infrastructure platform and expand its decentralised storage and generation network.
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The global next-generation solar cell market will reach $12.95 billion by 2031
The next-generation solar cell market will grow by 15.73% annually by 2031, driven by diversified uses in residential, industrial, and aerospace sectors.
CATL Suspends Lithium Mine in China : Prices Surge 8%
The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.

Australia recalibrates hydrogen ambitions after wave of major project abandonments

BP and Fortescue withdrawals reveal gap between promises and economic reality in the sector, despite 22.7 billion Australian dollars in government incentives.
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Santos Extends ADNOC Exclusivity Despite Major Regulatory Hurdles
The Australian gas giant extends due diligence period until August 22 for the Emirati consortium's $18.7 billion offer, while national energy security concerns persist.
Uniper tightens annual guidance and adjusts its energy transformation strategy
Uniper reaffirms its targets for the year, narrows its forecast range, and strengthens its transformation strategy while launching cost-cutting measures in a demanding market environment.

Energy Vault launches Asset Vault with $300 mn investment to accelerate 1.5 GW energy storage

Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.
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Energy Vault finalises acquisition of 125 MW Stoney Creek storage site in Australia
Energy Vault confirms the acquisition of the Stoney Creek storage project, marking its first major operation in the Australian market, following approval from local authorities on foreign investments.
Endua secures $4.88mn funding to accelerate hydrogen electrolyser manufacturing
Endua, an Australian technology company, has received $4.88mn in public funding to strengthen its capacity to produce modular hydrogen electrolysers, supporting the expansion of local supply chains and industrial development within the hydrogen sector.

Yanara gains independence to accelerate renewable project expansion in Asia-Pacific

BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.
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Australia: Marinus Link receives federal approval for a 1,500 MW submarine cable
The 1,500 MW Marinus Link project has received federal environmental approval, launching a major new submarine interconnector between Tasmania and Victoria.
Pacific Green signs 1.5GWh agreement with ZEN Energy for energy storage in Australia
Pacific Green has signed a commitment agreement with ZEN Energy for the management of 1.5GWh of battery storage across three major sites in Australia, strengthening its portfolio and accelerating the market launch of its projects.
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Togolese ZIH Acquires Petrogal GB with Structured Financing from Ecobank
LPSC approves 3 new power plants to support Meta’s data center
Photon Energy Group posts 7.5% growth despite declining EBITDA
RWE adds 34.2 MW of wind power on a former mining site in Aldenhoven
Canadian Solar posts record margin despite quarterly net loss
TotalEnergies Faces Historic Decline in European Refining Margins
TotalEnergies announces a drop in its refining margins in Q3 2024, with a 66% decrease compared to the previous quarter, due to falling prices for petroleum products worldwide.
SolarEdge and Pacific Energy accelerate the decarbonization of Australian mining sites with energy storage systems
SolarEdge Technologies and Pacific Energy collaborate to provide large-scale energy storage systems, significantly contributing to the decarbonization of Australian mines and towns. More than 55 MWh of BESS have been delivered, with 66 MWh in preparation.

COP29: Options are becoming clearer for the global finance agreement

Discussions at COP29 in Baku are advancing on the climate finance goal, with three options on the table to determine contributions from wealthy countries to developing nations.
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China Hits Record Coal Imports in 2024
In September 2024, China imported a record volume of coal, driven by the decline in international prices and growing domestic demand, particularly in electricity production and the chemical industry.
OX2 Launches Its First Onshore Wind Power Project in Australia with 1 GW Capacity
OX2 has acquired its first onshore wind power project in Australia, planning a capacity of 1 GW and integrating a battery energy storage system. Located north of Perth, this project marks a key milestone in the company's expansion in the Australian market.

Australia’s December NWS Condensate Lowered Amid Persistent Weak Margins

North West Shelf condensate cargoes in Australia scheduled for December are valued lower as end-users reduce orders due to weak petrochemical margins.
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HVO Seeks Short-Term Extension of Key Coal Mine Operations in Australia
The joint venture HVO, comprising Yancoal and Glencore, is seeking a temporary extension for its two main coal mines in New South Wales amidst concerns over greenhouse gas emissions.
France: Paris renews its electrical network to withstand heatwaves
Enedis replaces the old "paper-insulated" electrical cables in the capital with more robust synthetic models. This project aims to strengthen the resilience of Paris's network against increasingly frequent heatwaves.

Supermajors Vie for Stake in Galp’s Massive Mopane Oil Discovery in Namibia

The world's largest oil companies are competing to secure a share of Galp's significant Mopane oil discovery in Namibia's Orange Basin, estimated at 10 billion barrels of oil equivalent.
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Plug Power and Allied Green Ammonia Sign Framework Agreement for 3 GW Electrolyzer Capacity
Plug Power and Allied Green Ammonia Collaborate to Develop a Green Ammonia Production Facility in Australia, Strengthening the Transition to a Sustainable Hydrogen Economy.
REC in Asia-Pacific: 76% Price Drop Expected by 2050
REC prices are expected to drop by 76% by 2050 in the Asia-Pacific region, falling from 46 to 11 USD/MWh, due to the massive increase in renewable energy generation in the region, according to a report by Wood Mackenzie.

Origin Energy Cancels the Hunter Valley Hydrogen Hub Project in Australia

Origin Energy has announced its withdrawal from the Hunter Valley Hydrogen Hub (HVHH) in Australia, citing uncertainties in the hydrogen market and risks associated with capital-intensive projects.
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Superprofits under pressure: global taxation triggers a showdown
Taxes on the superprofits of oil and gas majors are multiplying across Europe and the United States. While governments aim to redistribute these record profits, companies are threatening to cut back on investments.
U.S. Dockworkers Strike: Limited Impact on Coal Prices Despite Disruptions
The dockworkers' strike on the U.S. East and Gulf Coasts, which began on October 1st, has not significantly raised thermal coal prices, despite logistical disruptions. This situation is mainly due to an existing oversupply and weak global demand. Key importers, such as India, are reducing their dependence on U.S. coal in favor of cheaper domestic alternatives like petroleum coke. According to the latest assessment by S&P Global Commodity Insights, the existing oversupply continues to weigh heavily on U.S. coal prices, limiting the potential impact of the strike.

Decarbonization Strategies in Asia-Pacific: A Shift Towards Carbon Storage Hubs

Carbon capture and storage (CCUS) projects are expanding in Asia-Pacific. Several countries are stepping up efforts to create regional hubs despite regulatory complexities and financial challenges.
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India Excludes Arctic LNG 2: Consequences for the Asian Energy Market
India has decided not to purchase gas from the Arctic LNG 2 project due to sanctions. This decision further isolates Russia from major Asian markets and could redefine LNG flows in the region.
US Regulators Support Venture Global LNG Despite Disputes Over LNG Deliveries
Venture Global LNG reçoit le soutien de la Federal Energy Regulatory Commission (FERC) concernant des accusations de non-respect de ses engagements de livraison de gaz naturel liquéfié (GNL), malgré des différends contractuels en cours avec des entreprises comme Shell et BP.

India Launches a Tender for 6,000 MW of Renewable Capacity with Storage

India seeks to stabilize its power grid with a 6,000 MW tender for renewable energy projects coupled with storage solutions. This project aims to reach 500 GW of non-fossil capacity by 2030 and meet peak-hour demand effectively.
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National Grid completes the sale of its UK gas network
National Grid concludes the sale of its remaining shares in National Gas Transmission, confirming its withdrawal from the gas sector to focus on electricity infrastructure.
Australia: Coal mine expansion threatens energy targets
The Australian government is extending the operation of three coal mines, raising questions within the energy sector about the impact of this decision on climate commitments and the transition to renewable energies.
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