France

France and Germany have validated a joint energy roadmap, including a commitment to the non-discrimination of nuclear energy in European financing.
The publication of the Multiannual Energy Programme decree, awaited for two years, is compromised by internal political tensions, jeopardising strategic investments in nuclear and renewables.

Putin and Pezeshkian to discuss Iranian nuclear program under European pressure

Russia and Iran seek to strengthen their nuclear cooperation as the E3 activates the sanctions mechanism against Tehran, reigniting tensions over compliance with the 2015 Vienna agreement.
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The three European powers activate the UN sanctions mechanism against Iran, increasing pressure on the country's oil exports as Tehran maintains high production despite Western measures.
GreenYellow is installing several photovoltaic plants and an energy storage system on Altarea's logistics platforms in Bollène and Puceul, through a 30-year PPA contract fully financed by the company.

Vema Hydrogen forme un conseil scientifique d’élite pour soutenir son expansion industrielle

Vema Hydrogen mobilise des experts internationaux pour accélérer la mise sur le marché de son hydrogène minéral, alors que l’entreprise prévoit de forer ses premiers puits pilotes en Amérique du Nord d’ici la fin de l’année.
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A principle agreement between Paris and Brussels opens the way to reforming the legal framework of hydroelectric concessions in France, ending a deadlock that lasted over ten years.
The French Atomic Energy Commission has signed a letter of intent with start-up Calogena to study the installation of a 30 MW thermal small nuclear reactor at its Cadarache site.

Valorem inaugurates 313 MW wind farm in Finland with 1 TWh annual output

French group Valorem has commissioned the ViIatti wind complex in Finland, made up of two farms totalling 313 MW and an estimated annual output of 1 TWh.
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Chinese group Sinopec has launched a large-scale seismic imaging campaign across 3,000 km² in Mexico using nodal technology from Sercel, owned by Viridien, delivered in August to map areas with complex terrain.
French group Air Liquide strengthens its presence in Asia with the acquisition of South Korean DIG Airgas, a key player in industrial gases, in a strategic €2.85 billion deal.

Containerized BESS Market to Reach USD 35.82 Billion by 2030, Says MarketsandMarkets

Driven by grid flexibility demand and utility investments, the global containerized BESS market will grow at an annual rate of 20.9% through 2030.
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The Ministry of Economy has asked EDF to reconsider the majority sale agreement of its technology subsidiary Exaion to the American group Mara, amid concerns related to technological sovereignty.
The European Union’s regulatory framework mandates green hydrogen integration in refineries, generating projected demand of 0.5 million tonnes by 2030.

Qair secures USD 5.7 million financing for floating solar plant in Seychelles

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.
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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.
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.

Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields

Alnaft and Occidental Petroleum signed two agreements to assess the oil and gas potential of southern Algerian zones, amid rising budgetary pressure and a search for energy stability.
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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 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.
India is building the world's largest solar power plant in the Gujarat desert. With 60 million panels and 770 wind turbines, Khavda exemplifies a colossal ambition to address the country's energy and climate challenges.
An explosion targeting a strategic canal in Kosovo has heightened tensions with Serbia, accused of orchestrating the attack. Belgrade denies these allegations, while investigations intensify in an already unstable climate.

Iran accelerates uranium enrichment with advanced centrifuges

Iran has brought thousands of next-generation centrifuges online, increasing uranium enrichment to 60%, defying a recent resolution by the International Atomic Energy Agency (IAEA).
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Axpo's solar and wind divisions secure a total of 163 MW in two tenders in France, strengthening their key role in the European energy transition strategy.
The CERN and Voltalia have signed an ambitious partnership to power particle accelerators with solar energy. This 15-year contract includes two solar plants in France, cutting CO2 emissions by 8,775 tons per year.

REDEN inaugurates a cutting-edge factory to boost photovoltaic production in France

REDEN, a key player in the solar sector, opens a new factory in Roquefort. Combining innovation and local commitment, this 200 MW facility strengthens the regional economy and supports national energy transition goals.
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The National Financial Prosecutor's Office is investigating suspicions of public fund misappropriation involving EDF. Material benefits were allegedly granted to its former executives without any legal framework over several years.
Serbia ends a 35-year moratorium on civil nuclear energy. This historic decision paves the way for nuclear power plants, marking a strategic shift for a country heavily reliant on coal.

Iran defies the IAEA by launching thousands of advanced centrifuges

Iran has activated thousands of advanced centrifuges to enrich uranium up to 60%, defying a recent resolution by the International Atomic Energy Agency (IAEA) criticizing its lack of cooperation.
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Russian President Vladimir Putin is welcomed in Kazakhstan to discuss major energy projects amidst international rivalries with China and the West.
In France, the Senate rejected a key measure in the 2025 budget bill, preventing an increase in electricity taxation. A cross-party decision that challenges the government’s budgetary objectives.

2024: A Record Year for Solar Energy in the United States with 32 GW Added

The United States is set to break a record in solar installations in 2024, with 32 GW expected. Massive panel imports and tariff uncertainties are fueling this historic boom in the renewable energy sector.
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The European Commission welcomes a new team of commissioners tasked with shaping energy policy. However, the absence of strong nuclear advocates in key positions raises questions about the future of this energy source in the Union.
COP29 President Moukhtar Babaïev highlights the inflexibility of Northern countries and defends an agreement allocating $300 billion, though criticized as insufficient by Southern nations.

Polynesia: a new parliamentary inquiry on nuclear tests relaunched in the Assembly

The communist group in the National Assembly relaunches work on nuclear tests in Polynesia, interrupted after the dissolution, to assess their health and environmental impacts and necessary reparations.
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The Gardanne biomass power plant, the largest in France, will resume operations in early 2025 following an agreement between GazelEnergie and the state, providing €800 million in funding and creating hundreds of jobs.
The French Energy Regulatory Commission (CRE) issues recommendations to reduce economic losses caused by negative electricity prices, a growing phenomenon in 2024 resulting from an oversupply of electricity compared to demand.

Neoen lowers its 2024 Ebitda forecast following a strategic delay in Australia

The French renewable energy producer Neoen adjusts its 2024 adjusted EBITDA forecast downward, as a result of delaying a key asset sale in Australia to 2025.
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ABO Energy sold two stand-alone battery projects to Électricité de France (EDF), enhancing local energy storage capacity with a total of 616 MWh. A decisive step for stabilizing South Africa’s power grid.
Jean-Laurent Bonnafé, CEO of BNP Paribas, criticizes the European CSRD directive, calling it a "bureaucratic delusion." This regulation imposes extra-financial obligations on companies, raising issues for European energy policy.