Mozambique

Scottish ministers have approved Boralex’s Clashindarroch wind farm extension, which will include up to 21 turbines and a 50 MW storage capacity.
A new pricing framework will apply from January 2026 in France, replacing the Arenh mechanism. The state says the reform will not lead to higher bills for most consumers.

Port Inc. anticipates Japanese market reforms with profitable battery project by 2025

Port Inc. reports positive results from its battery storage pilot in Gunma, leveraging a regulatory window ahead of adjustment market reforms scheduled for fiscal year 2026.
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Subsea7 has secured a subsea installation contract from LLOG for the Buckskin South project, scheduled for execution between 2026 and 2027, strengthening its position in the Gulf of Mexico and boosting its order book visibility.
Interceptions of ships linked to Venezuelan oil are increasing, pushing shipowners to suspend operations as PDVSA struggles to recover from a cyberattack that disrupted its logistical systems.

Washington suspends five offshore wind projects on East Coast over security concerns

The Trump administration has ordered the immediate halt of five major offshore wind construction sites in the Atlantic, citing national security threats and drawing mixed reactions from industry and political circles.
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Policy reversals, reduced performance and corporate disengagement marked an unprecedented slowdown in wind power in 2025, although China continued its expansion at a steady pace.
French group Nexans initiates the sale of its Autoelectric subsidiary to India’s Motherson for €207mn ($227mn), marking its full exit from non-electrification activities.

Matrix Renewables awards Tesla 500 MW energy storage project in the United Kingdom

Matrix Renewables has signed a turnkey agreement with Tesla to develop a 1 GWh battery energy storage system in Scotland, marking its first standalone project of this kind in the UK.
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Bourbon enters a new strategic phase following the arrival of Davidson Kempner and Fortress, who have become majority shareholders after a financial restructuring approved by the French courts.
Harbour Energy acquires US offshore operator LLOG for $3.2bn, adding 271 million barrels in reserves and establishing a fifth operational hub in the Gulf of Mexico.

France: electricity bills to remain stable in 2026 despite the end of Arenh

The Ministry of the Economy forecasts stable regulated tariffs in 2026 and 2027 for 19.75 million households, despite the removal of the Arenh mechanism and the implementation of a new tariff framework.
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The federation of the electricity sector proposes a comprehensive plan to reduce dependence on fossil fuels by replacing their use in transport, industry and housing with locally produced electricity.
European Energy increases the capacity of its Måde Power-to-X site to 8.1 MW, with a new electrolyser in service and ongoing tests for commercial production in 2026.

China boosts global battery market after key power market reform

China's electricity market overhaul improves the profitability of energy storage, supporting a rapid increase in battery exports as global demand rises with data centres and power grids.
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The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.
South Korea’s Tilda accelerates its entry into Vietnam with an artificial intelligence-based energy optimisation solution for solar and energy storage systems in the manufacturing sector.

Japan approves restart of Kashiwazaki-Kariwa, its largest nuclear power plant

Niigata's assembly officially backs the restart of the Kashiwazaki-Kariwa site, marking a key step in Japan’s return to nuclear energy following the 2011 Fukushima disaster.
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T1 Energy will supply Treaty Oak with 900MW of solar modules over three years, leveraging domestically produced cells from Austin to meet increasing regulatory requirements.
Baker Hughes will deliver six gas refrigeration trains for Commonwealth LNG’s 9.5 mtpa export project in Louisiana, under a contract with Technip Energies.
The Japanese energy group plans to replace four steam turbines at its Sodegaura site with three combined-cycle gas turbines, with full commissioning targeted for 2041.
Daiwa Energy & Infrastructure, Fuyo General Lease and Astmax have commissioned a 50MW/100MWh battery storage station in Sapporo, marking their entry into Japan’s large-scale energy storage market.

Sonnedix launches 125MWh storage project at its Oita solar plant

Sonnedix has started construction on a 125MWh battery storage system at its 30MWAC Oita solar site, with commercial operation planned for November 2026 and a JPY21.4bn ($142mn) financing secured.
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Tamagawa Energy has completed the acquisition of a 2MW/8MWh battery site in Kagoshima for JPY690mn ($4.57mn), marking its entry into grid-scale storage.
South Korean refiners warn of excessive emissions targets as government considers cuts of up to 60% from 2018 levels.

Tokyo Asset Solution deploys 13.2MWh of storage in Tokyo and Kumamoto

Tokyo Asset Solution invests in two storage projects, including a standalone site in the Japanese capital, marking its entry into the large-scale sector with national and international partners.
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Petrobras reported a net profit of $6 billion in the third quarter, supported by rising production and exports despite declining global oil prices.
Duke Energy is set to release its third-quarter results on November 7, with earnings forecasts pointing upward, supported by strong electricity demand, new rate structures and infrastructure investments.

Gunvor drops $22bn bid for Lukoil assets under US pressure

Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.
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Venture Global has signed a liquefied natural gas sales agreement with Atlantic-See LNG Trade S.A., a newly formed Greek joint venture, to supply 0.5 million tonnes annually starting in 2030, reinforcing regional energy security.
The Trump administration will launch on December 10 a major oil lease sale in the Gulf of Mexico, with a second auction scheduled in Alaska from 2026 as part of its offshore hydrocarbons expansion agenda.

Trump grants Orban oil exemption in exchange for US gas deal

The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.
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The US group increased its dividend and annual production forecast, but the $1.5bn rise in costs for the Willow project in Alaska is causing concern in the markets.
ExxonMobil joins a Greek energy consortium to explore a gas field in the Ionian Sea, strengthening its presence in the Eastern Mediterranean after Chevron, amid post-Russian energy diversification efforts.

Orano recovers its representative in Niger amid growing nuclear tensions

French nuclear group Orano has confirmed the release of its representative in Niger, detained since May, as tensions remain high with the country’s junta over control of uranium assets.
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A pilot project backed by the state aims to modernise electricity transport between offshore wind farms and the mainland grid using superconducting cables cooled with liquid nitrogen.
The Danish wind turbine manufacturer doubled its net profit in the third quarter despite complex market conditions, supported by increased onshore deliveries and order growth.

EDF turns to digital solutions to support France’s nuclear revival

EDF launches a sovereign digital platform to secure data exchanges between nuclear stakeholders, aiming to accelerate the construction of future EPR2 reactors.
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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.
Transition Industries signed a long-term purchase agreement with Mitsubishi Gas Chemical for the annual supply of 1mn tonnes of ultra-low carbon methanol starting in 2029, from its Pacifico Mexinol project in Mexico.