Solar growth in Central Europe has doubled that of the European Union since 2019, reshaping the energy mix and boosting battery manufacturing in the region.
The European Commission launches a regulatory plan addressing eight major power grid blockages to reduce price disparities and strengthen energy security across the Union.
Grenergy has secured $270mn in non-recourse financing to install 3.5 GWh of batteries in Phase 6 of the Oasis de Atacama project, marking a major step in expanding its energy storage capacity in Chile.
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.
Hynfra PSA strengthens its presence in West Africa with a $1.5bn green ammonia project, backed by the Mauritanian government, with commercial operations expected to start by 2030.
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.
BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.
US-based AGCO has signed a ten-year virtual power purchase agreement with BRUC, covering a 100 MW solar project in Spain, to secure part of its European energy consumption.
Slovenia’s JEK2 project moves forward with two nuclear technologies judged technically compatible, estimated between EUR9.31bn ($10.1bn) and EUR15.37bn ($16.66bn).
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
With the commissioning of the El Carrizo plant, Ecoener surpasses 500 MW in installed capacity and becomes the most active Spanish investor in Guatemala’s energy sector.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
Following its acquisition of Northvolt’s assets, US-based Lyten has appointed several former executives of the Swedish battery maker to key roles to restart production in Europe.
Viridien and TGS have started a new 3D multi-client seismic survey in Brazil’s Barreirinhas Basin, an offshore zone still unexplored but viewed as strategic for oil exploration.
ABO Energy maintains its annual targets despite a drop in half-year profit, relying on cost-cutting measures and early project sales to secure cash flow.
Brazil’s Cop 30 presidency aims to leverage the Dubai commitments to mobilise public and private actors despite ongoing deadlock in international negotiations.
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.
Alfa Laval has secured two contracts worth SEK 350 million to provide HVO pre-treatment units to Europe’s largest biofuel facility, boosting the production of renewable fuels for aviation and land transportation.
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
Energias de Portugal (EDP) posts a 37% drop in profits for the third quarter of 2024. The Portuguese group nevertheless continues its investments in renewable energies to support its energy transition.
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
The startup Calogena has taken a crucial step forward in its low-power nuclear boiler project for urban heating, submitting an application for approval to the Nuclear Safety Authority (ASN).
As COP29 approaches in Azerbaijan, tensions emerge as climate ambitions clash with economic realities, and vulnerable nations express growing impatience.
The European Union recorded a historic reduction of 8.3% in its greenhouse gas emissions in 2023. This decrease marks progress towards climate goals, yet challenges remain to achieve carbon neutrality.
Faced with pressing climate challenges, the Global Energy Scenarios 2024 report highlights three crucial steps to achieve carbon neutrality: strengthening renewable energy, electrifying industrial sectors, and addressing residual emissions.
World leaders will gather in Baku for COP29, a climate summit that may be disrupted by the U.S. election results, with crucial stakes surrounding the financing of the fight against global warming.
Schneider Electric reached revenue of 9.3 billion euros in the third quarter of 2024, a 5.9% increase, driven by energy management and digitalization solutions.
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
The United Arab Emirates, Azerbaijan, and Brazil, hosts of the upcoming COP conferences, plan a 32% increase in fossil fuel production by 2035, despite their commitment to limiting global warming to 1.5 degrees.
Liquefied natural gas (LNG) prices in the Eastern Mediterranean are falling, impacted by weak European demand and reduced shipping costs while gas reserves remain high.
Finnish court orders the seizure of Russian assets in response to a request by the Ukrainian company Naftogaz, as part of enforcing a $5 billion arbitration award for losses in Crimea.
