France

The European Union’s regulatory framework mandates green hydrogen integration in refineries, generating projected demand of 0.5 million tonnes by 2030.
Developer Qair secures a loan from the Facility for Energy Inclusion to build a 5.8 MWp floating photovoltaic solar plant in Providence Lagoon, the first utility-scale project of its kind in Seychelles.

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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Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.
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.

Petrobras negotiates to increase capacity of three FPSOs in Brazil

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.
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SNF acquires Obsidian Chemical Solutions, a Texas-based SME specialized in chemical solutions for well completion. Transaction amount and conditions undisclosed, but the acquisition comes in a growing North American market.
Equinix signed a preorder for 20 Kaleidos nuclear microreactors and a letter of intent for a power purchase agreement with ULC-Energy, reinforcing its energy supply strategy for its data centers.

China rejects European threat to reinstate sanctions against Iran

Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.
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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.
MARA strengthens its presence in digital infrastructure by acquiring a majority stake in Exaion, a French provider of secure high-performance cloud services backed by EDF Pulse Ventures.

Melvan secures €4.26mn for three photovoltaic projects in France

Melvan obtains €4.26mn in bank financing to develop three solar power plants totalling 3.9 MWp, with construction scheduled to start in the second half of 2025.
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International Petroleum Corporation repurchased 98,900 common shares between August 4 and 8, 2025, as part of its ongoing share buyback programme.
Vantage Drilling has sold the Tungsten Explorer drilling vessel to a joint venture with TotalEnergies, while retaining its operational management for a minimum period of ten years.

Gravelines’ six reactors shut down after massive jellyfish invasion

The Gravelines nuclear power plant, the largest in Western Europe, halted all production after its cooling systems were obstructed by an unexpected influx of jellyfish. EDF plans a gradual restart in the coming days.
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Entech will deliver a 20 MWh battery storage system in Loire-Atlantique under an agreement that includes a twenty-year maintenance contract.
A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.

Boralex reports a decline in EBITDA in Q2 despite increased production

Boralex saw its earnings before interest, taxes, depreciation and amortization fall by 13% in the second quarter of 2025, despite a 14% increase in production, due to less favourable prices in France and lower revenues from joint ventures.
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Jihadist attacks in Cabo Delgado displaced 59,000 people in July, threatening the restart of the $20 billion gas project planned for August 2025.
Field studies to determine the location of Kazakhstan’s first nuclear power plant have begun near the village of Ulken, marking a key stage in a project led by Rosatom.
Iran responded to threats of sanctions from the United States and France, denouncing what it sees as illegitimate political pressure and reaffirming its stance on the legality of its oil exports.
One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.

Shell posts net profit of $4.8bn in Q1 2025 despite falling oil prices

Shell plc recorded a net profit of $4.8bn in the first quarter of 2025, down 35%, but above analyst expectations, supported by solid operational performance and a new share buyback programme.
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The Princess Elisabeth energy island project advances with the placement of two caissons, launching a key phase of marine civil engineering off the Belgian coast.
Voltalia’s revenue rose by 2% in the first quarter of 2025, driven by third-party services, while energy production reached 1.1 terawatt-hours due to improved resources in Brazil.

Peter Dutton commits $200bn to bypass nuclear ban in Australia

Australia’s opposition leader unveils a seven-reactor plan, challenging current energy policy days before federal elections and reviving a decades-old debate.
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Technip Energies posted a double-digit growth in Q1 2025, supported by a record order backlog of €18.2bn ($19.46bn), despite regulatory uncertainties in the United States.
The Nuclear Safety and Radiation Protection Authority (ASNR) will now publish its decisions and expert reports simultaneously, amid a controversial merger of nuclear oversight bodies.

French regulator lowers pace of renewable energy development

The French Energy Regulatory Commission proposes reducing certain renewable generation targets due to a slower-than-expected rise in electricity demand.
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TotalEnergies saw its net profit fall to $3.9bn in the first quarter, impacted by lower oil prices, despite an increase in its hydrocarbon and electricity production.
The French Parliament has approved Bernard Fontana's appointment as CEO of EDF, paving the way for a new industrial phase in the nuclear sector under close scrutiny from public and industrial stakeholders.

Exeltium resumes negotiations with EDF to secure power supply agreement

The Exeltium consortium, composed of 24 electro-intensive industrial firms, seeks to finalise a new power supply deal with EDF before summer to succeed the original Exeltium 1 agreement.
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Nominated to lead EDF, Bernard Fontana aims to restore dialogue with electro-intensive industries and oversee the nuclear revival while ensuring the group’s financial sustainability.
The NGO Reclaim Finance ranked BPCE last among twenty major European banks for its lack of commitment to the transition towards carbon neutrality, according to a study published on Tuesday.

EDF faces ÂŁ46bn financial burden on Hinkley Point nuclear project

Two French MPs have raised concerns over the massive cost overruns of the Hinkley Point nuclear project, describing it as a “financial sinkhole” for EDF, now fully owned by the State.
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South Korean battery manufacturer LG Energy Solution and French group Derichebourg announced the creation of a joint venture to build a recycling plant near Paris, with a processing capacity of 20,000 tonnes per year.
François Bayrou plans to postpone the publication of the French energy decree until the end of the summer after parliamentary review, under pressure from the Rassemblement National and part of the right.

Czech Republic rejects EDF’s appeal over Dukovany nuclear market

The Czech competition regulator has dismissed EDF’s appeal, confirming the selection of Korea Hydro & Nuclear Power for the construction of new nuclear capacity at Dukovany.
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Despite turbines priced 30 to 40% lower, Chinese manufacturers struggle to overcome credibility barriers hindering their progress in the European wind sector.
Flamanville’s EPR nuclear reactor experienced a temporary shutdown on Friday and Saturday, without affecting its ramp-up schedule, EDF confirmed.
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