Iceland

Polish state-owned producer JSW confirms its 13.4 million tonnes production target for 2025 thanks to new equipment coming online, despite recent disruptions at multiple sites.
Kansai Electric Power will restart feasibility studies in November for a new reactor at Mihama, halted after Fukushima, as part of a prolonged public effort to revive investment in Japan’s nuclear sector.

Poland urges European Union to end Russian oil imports by 2026

Poland’s energy minister calls on European Union member states to collectively commit to halting Russian oil purchases within two years, citing increasing geopolitical risks.
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Despite gas stocks covering over 80% of winter needs, Kyiv must still import more to offset the impact of Russian strikes on energy infrastructure.
Acciona Energía has completed the commissioning of its largest plant in India, a 412MWp solar facility capable of powering 840,000 households annually.

Australian port congestion reshapes coal flows to South Korea

Russia and Indonesia overtook Australia as South Korea's top thermal coal suppliers in August, driven by lower prices and more reliable logistics amid persistent Australian shipment delays.
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The Norwegian subsidiary has launched the second phase of its projects in Maroua and Guider, bringing total capacity to 64.4 MW of solar and 38.2 MWh of storage with an annual target of 141.5 GWh.
Indian wind turbine manufacturer Suzlon has secured an 838 MW contract from Tata Power Renewable Energy for a wind project spanning three states, marking its largest order of the 2025–2026 fiscal year.

ACWA Power secures 800MW in Morocco with technical support from Gotion High-Tech

ACWA Power secures the NOOR Midelt 2 and 3 solar-storage project in Morocco, outbidding European and Emirati competitors, with decisive backing from Gotion High-Tech’s storage technology.
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Gotion High-Tech will build a 100 GWh battery gigafactory in Kénitra, while Morocco’s power mix remains largely fossil-fuel based.
The Iris carrier, part of the Arctic LNG 2 project, docked at China’s Beihai terminal despite US and EU sanctions, signalling intensifying gas flows between Russia and China.

Southeast Asia plans $208bn investment to develop nuclear power by 2050

Facing energy security challenges, several Southeast Asian countries are turning to nuclear and could invest up to $208bn to reach 25 GW of capacity, favouring small modular reactors.
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Turbo Energy has secured a 366MWh contract to equip ten industrial sites in Spain with energy storage systems and a smart management platform, valued at approximately $53mn.
Canadian crude shipments from the Pacific Coast reached 13.7 million barrels in August, driven by a notable increase in deliveries to China and a drop in flows to the US Gulf Coast.

UK sanctions 70 tankers to reinforce Russian oil price cap

London has expanded its sanctions against Russia by blacklisting 70 new tankers, striking at the core of Moscow's energy exports and budget revenues.
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The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.
Norway has received two bids for offshore sites in the Utsira Nord zone, marking a key step in the country’s floating wind development.

Statkraft sells 1.5 GWp portfolio in India to Serentica Renewables

Statkraft has signed an agreement to sell solar and wind assets in India to Serentica Renewables, marking a strategic refocus on Europe and South America.
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Shipments of liquefied natural gas and higher pipeline flows strengthen China’s gas optionality, while testing the sanctions regime and reshaping price–volume trade-offs for the next decade.
Led by Chile and dominated by utility-scale projects, Latin America's energy storage market is projected to grow at an average annual rate of 8 % through 2034.
A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.
India increased its purchases of Russian oil and petroleum products by 15% over six months, despite new US trade sanctions targeting these transactions.

Gazprom and CNPC seal binding agreement for the Power of Siberia 2 project

Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
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Indonesia will finalise a free trade agreement with the Eurasian Economic Union by year-end, paving the way for expanded energy projects with Russia, including refining and natural gas.
Independent power producer R.Power is selling a 440MW ready-to-build photovoltaic portfolio in Poland, as political uncertainties drive a wave of divestments in the national renewable energy market.

GH2 Solar invests $48.2mn in electrolyzer plant in Gwalior with AHES

GH2 Solar Ltd partners with AHES Ltd to build an electrolyzer plant in Gwalior, targeting 500 MW capacity by 2030 with $19mn government support.
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Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
New solar installations rose 64% year-on-year, driven by China, which accounted for more than two-thirds of global deployed capacity.

Putin asks Slovakia to block energy flows to Ukraine

During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.
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Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.
The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.

Aramco and SOMO suspend crude supplies to India’s Nayara Energy

Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
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BW Offshore has been chosen by Equinor to supply the FPSO unit for Canada’s Bay du Nord project, marking a key milestone in the advancement of this deepwater oil development.
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.

Equinor injects up to $939mn to support Ørsted’s capital increase

Equinor confirms its participation in Ørsted’s capital increase, aiming to maintain its 10% stake and support the financial stability of the Danish group facing headwinds in offshore wind.
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Five energy infrastructure projects have been added to the list of cross-border renewable projects, making them eligible for financial support under the CEF Energy programme.
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.

Dongfang Electric installs 26 MW offshore wind turbine, a world record

Chinese manufacturer Dongfang Electric has installed a 26 MW offshore wind turbine in Shandong province, setting a double world record for power and rotor diameter.
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Norwegian authorities begin the first regulatory phase for two modular nuclear reactor projects, marking a strategic step in the national review of the potential role of nuclear energy in the country’s power mix.
The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.