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French nuclear reactor developer Newcleo has submitted its lead-cooled small modular reactor design to Euratom, initiating the first regulatory phase to integrate nuclear non-proliferation safeguards at the European level.
Faced with shorter approval timelines, several European nuclear firms, including Newcleo, Orano and Urenco, are considering relocating key industrial investments to the United States.

The “Belém 4x” pledge targets global sustainable fuels surge by 2035

Nineteen countries, led by Brazil, Italy, Japan and India, aim to quadruple sustainable fuel production by 2035, marking a major industrial and regulatory challenge for global energy and transport supply chains.
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The European Commission has selected BW Ideol’s Fos3F project for a grant of up to €74mn, targeting the construction of a concrete floater plant for floating wind turbines at the industrial site of Fos-sur-Mer.
Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.

Gunvor rules out resale of Lukoil assets to Russia after acquisition

Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.
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GreenYellow and Sasol Italy announce the start of construction of a 5.1 MWp photovoltaic solar plant in Terranova Dei Passerini. This project aims to strengthen Sasol’s energy independence in Italy while contributing to the industrial energy transition.
Pakistan cancels 21 planned LNG cargoes from Eni due to a gas surplus and negotiates with Qatar for potential deferment or resale of shipments.

Le TAP augmente ses nominations de gaz aux interconnexions européennes clés

Les nominations du Trans Adriatic Pipeline progressent à Melendugno, Nea Mesimvria et Komotini, signalant davantage d’offre pipeline et une flexibilité accrue pour les expéditeurs face aux arbitrages avec le gaz naturel liquéfié.
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The joint venture combines 19 assets (14 in Indonesia, 5 in Malaysia), aims for 300 kboe/d initially and >500 kboe/d, and focuses investments on gas to supply Bontang and the Malaysia LNG complex in Bintulu.
Enfinity Global has signed a ten-year agreement with VW Kraftwerk GmbH for the annual supply of 40 GWh of Guarantees of Origin from its photovoltaic power plants in Italy.

Prysmian raises annual targets after record Q3 performance

The Italian industrial cable manufacturer posted revenue above €5bn in the third quarter, driven by high-voltage cable demand, and adjusted its 2025 guidance upward.
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80 Mile PLC has completed the full acquisition of Ferrandina in Italy and signed three memorandums of understanding with major energy groups, securing the supply and processing of 120,000 tonnes of biofuels per year.
The UK government has authorised the construction of the Stonestreet Green Solar project, combining 150 MWp of solar capacity and 100 MW of battery storage, marking a major step for Korkia and Evolution Power’s infrastructure portfolio.

Italian court approves extradition of Ukrainian suspect in Nord Stream case

An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.
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Algeria has removed Rachid Hachichi from the leadership of Sonatrach, two years after his appointment, replacing him with Noureddine Daoudi, former head of the National Agency for the Valorisation of Hydrocarbon Resources.
QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.

Eni raises 2025 targets after 54% surge in quarterly net profit

Eni's net profit rose to €803mn in the third quarter, supported by a 6% increase in production despite falling crude prices.
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Enilive aligns conversions in Italy, hubs in Asia and U.S. diversification, with rising HVO margins, integrated pretreatment and HVO/SAF offtakes tied to European requirements, supporting volumes, site utilization and operational guidance.
French developer Newcleo launches a joint venture with Nextchem through a EUR70 mn contract to design the conventional island of its upcoming 200 MW modular nuclear reactors.
Kuwait inaugurates the Al-Zor refinery, increasing its refining capacity to 1.8 million barrels per day.
IFC and the Italian Climate Fund announce a $210 million investment to develop biofuels in Kenya, supporting the decarbonization of transport and the livelihoods of local farmers.

Spain surpasses Italy in solar capacity, with 35 GW planned by 2024

Spain's solar photovoltaic capacity is set to reach 35 GW by the end of the year, surpassing that of Italy, according to S&P Global Commodity Insights.
Solar capacity Spain 2024
Plug Power, Airbus, Atlanta Airport and Delta Air Lines are studying the feasibility of a hydrogen hub, aimed at decarbonizing aviation and airport operations.
Henri Proglio, former CEO of EDF, is vigorously defending himself before the Paris Criminal Court against accusations of favoritism in connection with consulting contracts concluded without competitive bidding.

Calls for transatlantic collaboration against China

The oversupply of Chinese industry poses a threat to the development of clean energy worldwide, said Janet Yellen, US Treasury Secretary, during a visit to Frankfurt. This topic will be discussed at the G7 Finance Summit this week in Italy.
Menace de l'Industrie Chinoise et les Énergies Propres
FRV joins forces with Will & Must to develop 600MW of photovoltaic projects in Finland, marking a first foray into the Nordic countries for this leading renewable energy company.
The overproduction of Chinese industry is jeopardizing the development of clean energy, says Janet Yellen ahead of the G7 Finance summit.

Uniper develops photovoltaic project in Poland

niper acquires a 20.4 MW photovoltaic project in Poland, reinforcing its strategy of energy transition and expansion of renewable energies in Europe.
Projet solaire en Pologne de l'entreprise
As part of its ambitious privatization plan, Italy has announced the sale of 2.8% of Eni, with the aim of reducing the national debt.
For the first time in April, fossil fuels generated less than a quarter of the EU's electricity, thanks to strong growth in renewable energies.

FertigHy: Pioneer in Decarbonated Fertilizers in Europe

The FertigHy consortium announces the construction of a plant in France to manufacture low-carbon nitrogen fertilizer, aimed at reducing European dependence on Russian imports and agricultural CO2 emissions.
FertigHy Europe engrais bas carbone
Energy group Enel has announced an 86.8% increase in net profit, reaching 1.93 billion euros in the first quarter, beating forecasts despite falling electricity and gas prices. Operational activities and optimized financial management contributed to this success.
Nigerian oil and gas producer Oando is aiming to double its production following the imminent acquisition of Eni, projecting a ramp-up to 100,000 boe/d by 2029.

Italy bans ground-mounted solar panels on farmland

Italy bans ground-mounted solar panels in agricultural areas, raising concerns about its decarbonization targets.
Italie interdiction panneaux solaire agriculture
RWE starts construction of "Bosco", its first solar power plant in Sicily, promising significant renewable energy production for 7,000 Italian households.
ArcelorMittal, the world's second-largest steelmaker, reports a return to profit in the first quarter of 2024, despite persistent environmental and operational challenges.

Italy redefines its strategic nuclear energy plan

Italy is moving towards a major energy turnaround, seriously considering nuclear power to achieve net zero emissions by 2050.
Réactivation Nucléaire Italienne
Côte d'Ivoire qualifies ten multinationals to build two solar photovoltaic power plants to boost its energy mix.
Meeting in Italy, the G7 countries announced the phasing out of coal-fired power plants without carbon capture by 2035, marking a major turning point in the fight against fossil fuel emissions.