India

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.
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.

Sinopec deploys 65,000 Sercel sensors for 3D seismic survey in Mexico

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.
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India’s coking coal imports are rising and increasingly split between the United States and Russia, while Australian producers redirect volumes to China; 2025 results confirm a shift in trade flows.
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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A surprise drop in US crude inventories and renewed focus on peace talks in Ukraine are shaping oil market dynamics.
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 issues a €15 million green bond for its European projects

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.
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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.
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.

U.S. Tariffs: India Increases Brazilian Crude Imports by 80% in 2025

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.
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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.
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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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.
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.
ReNew Energy Global commits Rs22,000 crore ($2.57bn) to develop a 2.8 GW solar-wind hybrid power plant in Andhra Pradesh.
The Indian Renewable Energy Development Agency is pursuing Gensol for a total default of over Rs 7.28 billion ($90.91mn), now targeting its electric vehicle leasing business.

World Bank grants $350mn for $1.5bn hydropower project in Malawi

The World Bank is funding the largest foreign investment ever recorded in Malawi, aiming to double the country’s hydropower capacity through a public-private partnership initiative.
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Several parties are positioning to acquire French company Orano’s mining sites in Niger, while the firm pursues international arbitration to protect its assets and nearly €250mn in blocked uranium concentrate.
Iranian officials met in Istanbul with the European trio to discuss the nuclear programme, as Washington threatens new sanctions in case of deadlock.

India signs $500,000 agreement to support clean energy startups

A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
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The French hydrogen company closed its tender process without receiving any in bonis offers, paving the way for a partial asset sale and liquidation proceedings.
Sungrow has secured an 835 MW order for photovoltaic inverters from Juniper Green Energy for solar projects in India, reinforcing its position in the Asian renewable energy market.

MPs seek to reform France’s hydroelectric concession regime

A parliamentary report proposes replacing the concession system with authorisations to end the deadlock with Brussels and revive investment in France’s hydroelectric sector.
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Boralex announces quarterly net earnings of CAD 41 million, marked by a 4% decrease in energy production, despite successfully commissioning its first wind farm in the United Kingdom.
The International Energy Agency expects electric vehicles to cut oil demand by 5 million barrels per day by 2030, down from a previous estimate of 6 million, citing economic and trade uncertainties.

Waaree increases its US investment to $1.2bn with new energy storage project

Waaree Solar Americas adds $200mn to US battery storage, raising total commitment to $1.2bn and supporting industrial expansion in a rapidly evolving energy market.
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The iliad Group signs four new renewable electricity purchase agreements in France, Italy and Poland, bringing its total number of European energy projects to eight.
The postponement of nuclear-produced hydrogen’s classification as a “low-carbon” fuel until 2028 is raising concerns among industry players, especially those backing this energy source.

EDF and Siparex launch second €300 million fund to support the nuclear sector

EDF and Siparex are mobilising a new €300 million investment fund to strengthen strategic companies in the nuclear supply chain amid industrial revival driven by the EPR2 reactor programme.
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The project, co-financed by Proparco and led by EDF, involves a solar power plant in Sokodé aimed at boosting Togo’s energy output and attracting new private investments.
Ocean Winds has installed the first turbine of the EMYN offshore wind farm, triggering the final phase of the project ahead of its commissioning at the end of 2025 and the creation of 85 permanent maintenance positions.

Esso restarts refining units in Port-Jérôme after 750,000 hours of maintenance

Esso’s Gravenchon site restarts operations following a planned shutdown involving 1,000 workers and over 750,000 labour hours.
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The French National Agency for Radioactive Waste Management has revised upward its evaluation of the Cigéo underground storage project, with a maximum potential cost of €37.5bn ($40.4bn) over 150 years.
The European Commission has requested Prague to suspend the award of a CZK200bn contract to KHNP, citing suspicions of state aid that may breach European law.