Netherlands

The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Vattenfall commits new investment to the Clashindarroch II onshore wind project, a 63MW site in Scotland set to begin construction in 2026 and deliver first power in 2027.

Fidra Energy secures £445mn for 3.1 GWh energy storage project

Scottish developer Fidra Energy reaches financial close on its Thorpe Marsh site, with equity funding led by EIG and the UK’s National Wealth Fund, marking a significant step in the UK’s energy storage sector.
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A partnership between AquaVentus and Hydrogen Scotland aims to connect Scottish offshore wind farms to a cross-border green hydrogen production and export infrastructure in the North Sea.
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.

Ineos pulls capital from the UK and commits £3bn investments in the US

Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
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Spanish group Qualitas Energy inaugurated the Three Maids facility near Winchester, an anaerobic digestion plant able to produce 120 GWh of biomethane annually from agricultural waste.
Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.

Van Oord completes installation of 109 cables at Sofia offshore wind farm

Van Oord has completed the installation of 109 inter-array cables at the Sofia offshore wind farm, marking a major logistical milestone for this North Sea energy infrastructure project.
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Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.
Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.

IAEA urges Iran to resume nuclear inspections as time runs out

The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.
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European carbon allowance prices reached a six-month high, driven by industrial compliance buying ahead of the deadline and rising natural gas costs.
NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.

Terra Firma Energy strengthens its position with SGN’s hydrogen trial

The success of SGN’s test on a gas pipeline converted to hydrogen confirms Terra Firma Energy’s technological choices, with sites already equipped to accommodate this type of energy investment.
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Netherlands-based BTG Bioliquids and Canada’s NanosTech join forces to develop a modular solution for advanced biofuel production, with a project underway in Europe and Canada.
Dutch company PowerField has launched a fully automated frequency reserve service, integrating solar generation, battery storage and trading, with initial operations validated by grid operator TenneT.

Lhyfe begins green hydrogen deliveries in the Netherlands for the GROHW project

Lhyfe has started supplying Essent with renewable green hydrogen under a multi-year contract, marking a major commercial debut in the Netherlands for the French producer.
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The European Union’s new import standard forces the United Kingdom to make major adjustments to its oil and gas exports, impacting competitiveness and trade flows between the two markets.
The United Kingdom is set to replace the Energy Profits Levy with a new fiscal mechanism, caught between fairness and simplicity, as the British Continental Shelf continues to decline.
Tullow Petroleum is focusing on reducing its debt after the cancellation of its merger project with Kosmos Energy. The company is exploring options to lighten its balance sheet and concentrate on its strategic activities.
SSE Renewables, APB/APG, and TenneT have signed a realization agreement for the connection of the IJmuiden Ver Alpha offshore wind farm in the Netherlands. This 2GW project marks a major step in the Dutch high-voltage grid and is expected to be operational by 2029.

Sizewell C Nuclear Project Advances Without Budget Overruns

The Sizewell C nuclear power plant project in the UK is progressing as planned, without delays or cost overruns. Project leaders presented an initial progress report to parliamentarians, highlighting significant financial and industrial advancements.
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TGS has secured an offshore wind site characterization contract off the coast of the UK, with a duration of 30 days and mobilization scheduled for Q2 2025.
Shell announces a 17% drop in profits for 2024, impacted by the decline in margins, oil, and gas prices, as well as asset impairments.

Court overturns Shell and Equinor’s North Sea oil and gas field licenses

A Scottish court has overturned the licenses granted by British authorities to Shell and Equinor to develop two oil and gas fields in the North Sea, prompting a delay in their exploitation and requiring new environmental assessments.
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The Almholme Energy Hub project, with 1025 MW/2050 MWh of storage capacity and 49.9 MW of solar power, becomes the second-largest approved project in the country.
Getlink's revenue fell by 12% in 2024, impacted by challenges with ElecLink and a tough economic environment, despite growth in some of its rail activities.

Inch Cape: Scottish Offshore Wind Project Reaches a Milestone with £3.5 Billion Funding

The Inch Cape offshore wind farm, owned by ESB and Red Rock Renewables, has secured £3.5 billion in funding to begin its construction phase. This flagship 1,080 MW project aims to bolster the United Kingdom's energy security.
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After Storm Eowyn, described as the most powerful in a decade, 577,000 households remained without electricity on Sunday evening in Ireland and the UK. Repairs are ongoing, but further disruptions are expected.
In 2024, the energy storage sector saw a 5% increase in total investments, reaching $19.9 billion. However, a notable shift is evident with a decline in venture capital funding and a rise in debt and public market financing.

The Zambia-Tanzania Interconnector Project: A Lever for Energy Integration in Africa

The Zambia-Tanzania Interconnector (ZTIP) project, backed by international financing, aims to strengthen electrical exchanges between Zambia and Tanzania, with major implications for energy integration in sub-Saharan Africa.
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SLB Capturi has completed the commissioning of its first modular carbon capture plant, marking a key milestone for Aker Carbon Capture in the industrial decarbonization sector.
The United States, with only 10% of its electricity generated by wind in 2023, risks being surpassed by China, according to a report from the think tank Ember. Europe, on the other hand, is making significant progress.

CO2 emissions climb to an unprecedented level in 2024

According to the British Meteorological Office (Met Office), carbon dioxide (CO2) has risen faster than ever, exceeding all projections and raising new questions about the global capacity to contain global warming.
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BP formalizes 4,700 internal layoffs and 3,000 among subcontractors. Disappointing results and a renewed focus on hydrocarbons shape this move. The market observes these choices, influenced by economic and political imperatives.
The Aker Solutions-Siemens Energy consortium advances on Norfolk Vanguard West and East, strategic RWE projects for offshore wind infrastructure development in Europe.

Canada Hosts 539 MWh of Energy Storage by Westbridge

Westbridge Renewable Energy is developing five new battery energy storage system projects in Alberta, totaling 539 MWh, strengthening Canadian energy infrastructure and supporting the transition to renewable energy.
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Despite months of negotiations, OECD countries failed to reach an agreement to restrict public support for fossil fuel industries, highlighting key divergences between nations.
The British government refutes Financial Times claims about the doubling of costs for the Sizewell C nuclear power plant project led by EDF in eastern England.