China

Sempra Infrastructure and ConocoPhillips signed a 20-year LNG sales agreement for 4 Mtpa, confirming their joint commitment to expanding the Port Arthur LNG liquefaction terminal in Texas.
Canadian Solar reported a gross margin of 29.8% in Q2 2025, exceeding expectations despite a net loss, amid delayed project sales and asset impairments.

Masdar completes financing for the 2 GW Al Sadawi solar project in Saudi Arabia

The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
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Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.
HD Renewable Energy has completed the connection of its Helios storage system to the Hokkaido grid. The 50 MW project is expected to enter commercial operation by the end of 2025, targeting multiple segments of the Japanese electricity market.

Global Petrochemical Investments Projected to Reach USD 956 Billion by 2032

Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.
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Indian imports of Brazilian crude reach 72,000 barrels per day in the first half of 2025, driven by U.S. sanctions, and are expected to grow with new contracts and upstream projects between Petrobras and Indian refiners.
Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.

TCL SunPower Global partners with Energia Italia to strengthen its network in Italy

TCL SunPower Global entrusts the distribution of its solar panels to Energia Italia, thereby consolidating its presence in the Italian market within a context of strategic restructuring.
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In July, China maintained a crude oil surplus of 530,000 barrels per day despite high refining activity, confirming a stockpiling strategy amid fluctuating global prices.
With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.

CNAF Acquires Stake in Private Sustainable Aviation Fuel Refinery

China’s aviation fuel distributor CNAF announced a new investment in a private sustainable fuel refinery, reinforcing its integration strategy within an emerging sector considered critical to the country’s aviation industry.
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Petrobras is holding talks with SBM Offshore and Modec to raise output from three strategic FPSOs, two already at full capacity, to capture more value from the high-potential pre-salt fields.
With active projects across four continents and strong liquidity, Eco Wave Power accelerates its expansion strategy while absorbing a rise in operational costs in H1 2025.

Putin Signs Decree Paving the Way for Exxon’s Return to Sakhalin-1

A new Russian presidential decree could allow Exxon Mobil to reclaim its stake in Sakhalin-1, under strict conditions tied to Western sanctions and equipment logistics.
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Under threat of increased U.S. tariffs, New Delhi is accelerating its energy independence strategy to reduce reliance on imports, particularly Russian oil.
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.

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.
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The Manah-1 solar project in Oman, with a capacity of 500 MW, was delivered by Shanghai Electric and has recorded a stable first month of operation, strengthening industrial and technical cooperation with Électricité de France.
Vanda RE is in talks with potential buyers in Singapore for electricity from a $3 billion solar and storage project in Indonesia’s Riau Islands.
Sinopec has identified over 140 mn tonnes of proven reserves in the Jiyang Basin, marking the largest certified shale oil discovery in China.
PowerChina has completed the Cirata floating photovoltaic power plant, a pioneering project in Indonesia that now supplies a quarter of the country's renewable energy production.

ZNShine Solar delivers 54 MW of bifacial modules to Signal Ranch project in Texas

Photovoltaic manufacturer ZNShine Solar delivered 54.6 MW of bifacial modules for a 67 MW solar project in Texas, financially closed at the end of 2023 through non-recourse financing led by EastWest Bank.
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Chinese group Sinopec reported annual revenue of CNY 3,070 bn and net profit of CNY 48.94 bn, achieving record performance across its oil, gas and chemical segments.
Waaree Energies has launched its 5.4 GW solar cell plant in Chikhli, Gujarat, marking a key milestone for India’s photovoltaic industry and its local manufacturing ambitions.

The decarbonisation market will surpass $4.7tn by 2033

Driven by investment in low-carbon technologies, the global decarbonisation market is expected to reach $4.7tn by 2033, according to Allied Market Research, with an average annual growth rate of 8.1%.
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The Republic of Congo enhances its gas capabilities with the floating platform Nguya, which will add 2.4 million annual tonnes of liquefied natural gas (LNG), solidifying its position in the global market starting in 2025.
CNOOC Limited has announced the discovery of the Huizhou 19-6 oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes of oil equivalent.

Financial and technical doubts hinder HESC project between Japan and Australia

The HESC hydrogen supply project is facing major hurdles, linked to its cost, complex logistics and regulatory tensions between Japan and Australia.
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Chinese manufacturer LONGi secured a 555 MW supply deal for its Hi-MO X10 solar modules during a professional exhibition in Johannesburg, expanding its presence in the African photovoltaic market.
Sungrow will supply its liquid-cooled PowerTitan 2.0 system for the Kalanti BESS project, a 50 MW/100 MWh facility developed by Renewable Power Capital in southwest Finland.

Emission decline slows in France with a limited 1.8% drop in 2024

France’s decarbonisation pace slowed significantly in 2024, according to Citepa, putting its 2030 climate targets at risk.
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TotalEnergies welcomed the launch of a criminal investigation in Mozambique into allegations of crimes committed by security forces near its suspended gas project in Cabo Delgado province.
New Delhi has confirmed the construction of a solar power plant in Sampur, reviving a long-delayed project following the withdrawal of a major wind farm backed by the Adani Group.

PetroChina reaches new milestone in 2024 with net profit of $22.7 billion

PetroChina posts record net profit in 2024, driven by rising oil and gas volumes and expanded refining and distribution operations.
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Chinese wind turbine manufacturer Goldwind reported strong 2024 results, fuelled by accelerated overseas sales amid a slowdown in the domestic market.
IRENA’s annual report shows record renewable energy growth in 2024, concentrated in Asia and led by solar, but still falling short of 2030 targets.

ZNShine Solar secures module supply deal for 50MW solar project in Honduras

ZNShine Solar will supply photovoltaic modules for the Patuca project, a 50MW facility backed by the Honduran government and scheduled to be commissioned in October 2025.
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HYLENR Technologies has signed a memorandum of understanding with TakeMe2Space to test a low-energy nuclear reaction power solution aboard satellites designed for orbital computing.
The Spanish group transfers the majority of its operations in India and Sri Lanka to a consortium led by TPG, creating a new entity focused on onshore wind.
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