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Global wind sector targets 2 TW installed capacity by 2030 despite uncertainties
Driven by China's acceleration, global wind capacity is expected to reach 170 GW in 2025, paving the way for a doubling of installed capacity by 2032.
BlackRock and partners target $10.3 billion for Aramco gas deal financing
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.

Germany urges European Union for more flexibility on 2035 combustion car ban

Berlin questions the ban on sales of combustion cars from 2035, as German automakers warn of economic and industrial risks for the country.
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Union strike threatens fuel deliveries from Dangote refinery
Nigeria’s two main oil unions have halted loadings at the Dangote refinery, contesting the rollout of a private logistics fleet that could reshape the sector’s balance.
The inner dome of Haiyang 4 reactor successfully installed in China
The steel dome of the CAP1000 Haiyang 4 reactor has been positioned, a major construction milestone paving the way for upcoming maintenance and technical installation phases.

BW Energy raises $365mn for Maromba FPSO and secures drilling rig

BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.
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Hydrogen surpasses USD110 billion in committed investments across more than 500 projects
Over 500 hydrogen projects are now under construction or operational worldwide, with total committed investments reaching USD110 billion, representing an increase of USD35 billion in one year.
Two sanctioned Russian LNG carriers deliver to China despite restrictions
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.

Iran seeks to revive oil production amid threat of renewed sanctions

Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
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StarCharge seals 1 GWh deal in India with Prozeal Green Energy
StarCharge has signed a contract to supply 1 GWh of battery energy storage systems to Prozeal Green Energy, strengthening its presence in the Indian market and continuing its international expansion.
Ottawa allocates $370mn to support Canadian canola sector amid Chinese tariffs
The federal government is granting $370mn to Canadian canola producers affected by a 75.8% tariff imposed by China, and is introducing fiscal and regulatory measures to strengthen the domestic biofuel industry.

Greek shipowners cut Russian crude links under new compliance rules

Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.
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NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.
Washington lowers import duties and opens the door to $550 billion Japanese investments
The United States cuts tariffs on Japanese imports to 15%, while Tokyo launches a massive investment plan targeting American energy, industry, and agriculture.

Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey

The Chinese turbine manufacturer has signed a strategic agreement with Mensis Enerji to develop an initial 4.5 GW wind power portfolio in Turkey, strengthening its position in a fast-growing regional market.
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China redefines electric vehicle strategy around technological innovation
Faced with falling margins and overcapacity, Beijing is restructuring its electric vehicle industry by focusing on quality, standards, and technological upgrading.
Australian coal exposes global steelmakers to hidden climate risk
Underreported methane emissions from Australian mines could increase steelmakers’ carbon footprint by up to 15%, according to new analysis highlighting major gaps in global supply chains.

Hitachi injects $1bn into transformer manufacturing to strengthen US grid interconnection

Hitachi Energy commits $457mn to build a transformer factory in Virginia, part of a $1bn plan to support electrical interconnection in the US amid rising demand from artificial intelligence infrastructure.
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UAE energy undersecretary visits Tellus Power in Hong Kong
The visit marks a new step in the cooperation between the United Arab Emirates and Tellus Power, aiming to establish an EV charging station production unit in the Gulf.
Envision Energy enters Turkish market with 232 MW wind project
Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.
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Orazul Energy launches cash tender offer for its 2027 notes
Iraq in talks with ExxonMobil for refining capacities in Asia
Greek shipowners cut Russian crude links under new compliance rules
NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
SBM Offshore sells FPSO Cidade de Paraty in $400 million leaseback deal
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
Trinasolar deploys photovoltaic solution in Australia designed for extreme climates
Chinese group Trinasolar unveiled in Sydney a new technology aimed at enhancing the resilience of photovoltaic power stations against climatic hazards, with testing already conducted in Queensland.

Sinexcel deploys the world’s first grid-connected energy storage system for drone logistics

Chinese firm Sinexcel has launched a logistics station equipped with a hybrid lithium-sodium system, marking a global first in integrating grid-connected energy storage with urban drone logistics.
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Ember: global low-carbon electricity generation exceeds 40% in 2024
The global electricity mix shifted in 2024 with 40.9% of production from low-carbon sources, according to Ember, driven by historic solar power growth.
Washington and Tehran Negotiate, Moscow Validates a Strategic Nuclear Pact
As Russia ratifies a 20-year civil nuclear agreement with Iran, the United States reopens indirect talks in Oman. Tehran demands the lifting of sanctions, while 275 kg of uranium enriched to 60% raises concerns.

Chantiers de l’Atlantique doubles revenue with offshore wind power push

Chantiers de l’Atlantique invests €100 mn to expand its production capacity in offshore wind, a strategic segment now central to its industrial recovery.
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Hydrexia signs strategic agreement with Pure Hydrogen for mobile stations in Australia
Hydrexia will supply multiple mobile hydrogen refuelling stations to Pure Hydrogen as part of a commercial agreement aimed at strengthening the Australian hydrogen market.
China and India urge BRICS to counter unilateral carbon mechanisms and tariffs
In Brasilia, China and India urged BRICS members to resist carbon taxes and trade measures imposed without international consensus, calling for stronger existing multilateral frameworks.

Sinopec and CATL to launch 10,000 battery swap stations for electric vehicles

Sinopec and CATL have signed a strategic agreement to build 10,000 battery swap stations in China, marking a turning point in the country's electric mobility infrastructure.
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Zambia and Zimbabwe restart coal-fired power plants despite global decline
Backed by Chinese funding, Zambia and Zimbabwe are reviving coal projects in contrast to international energy sector trends.
Cuba bets on 55 solar parks with Chinese backing to address energy crisis
In Cienfuegos, Cuba is deploying an ambitious photovoltaic programme supported by China to reduce its dependence on oil and stabilise its failing power grid.

India strengthens energy and military presence in Sri Lanka amid growing Chinese influence

New Delhi signed new defence and energy agreements with Colombo, consolidating its strategic influence on the island as China continues expanding its investments.
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Aker Horizons and Mitsui secure €128mn funding for Mainstream
Aker Horizons and Mitsui have finalised a structured financing agreement with DNB to support Mainstream Renewable Power’s targeted strategy in South Africa, Australia and the Philippines.
MUFG and Nomura fund $388M for Greenalia’s Texas solar park
MUFG and Nomura have provided $388M in financing to Greenalia for the construction of the Misae II solar park, marking the Spanish firm’s entry into the US market.

New coal-fired power plant additions fall to 20-year low

New coal-fired electricity capacity added in 2024 dropped to 44 GW, driven mainly by China and India, according to a report released on Thursday.
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Oil prices fall over 6% due to tariffs and unexpected Opec output hike
Oil prices plummeted on Thursday, driven by new U.S. import tariffs and an unexpected decision by Opec to increase production from May.
U.S. Sanctions: Imminent Revival of Russian LNG Exports
The potential lifting of U.S. sanctions on the Arctic LNG 2 project paves the way for a rapid resumption of Russian liquefied natural gas exports, significantly impacting global markets from the third quarter of 2025.

Washington targets independent Chinese refinery to restrict Iranian oil exports

The United States has sanctioned a Chinese refinery processing Iranian crude, increasing pressure on Tehran and raising concerns over global oil market stability.
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Trinasolar ISBU secures 30 MW solar deal with Equinix in Japan
Trinasolar ISBU will supply solar electricity to Equinix for 20 years through an agreement centred on the 30 MW Yufutsu Abira project in Hokkaidō Prefecture.
China launches financing search for innovative nuclear project
China National Nuclear Corporation mobilizes international investors and financial partners for a unique nuclear project combining two distinct technologies to simultaneously supply industrial heat and electricity, marking a new strategic step for China's energy industry.
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