United Kingdom

Vattenfall advances its nuclear project in Sweden by selecting two modular reactor suppliers, GE Vernova and Rolls-Royce SMR, for a potential installation on the Värö Peninsula.
Verra and S&P Global Commodity Insights join forces to build a next-generation registry aimed at strengthening carbon market integration and enhancing transaction transparency.

Masdar mobilizes USD 1.685 billion for energy projects through green bonds

Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
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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.
Peabody Energy abandons the acquisition of Anglo American’s Australian coal assets, triggering an arbitration process following the failure of a post-incident agreement at the Moranbah North mine.

GIP Acquires 49.99% Stake in Eni CCUS Holding in Strategic Carbon Deal

Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.
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Equinix signed a preorder for 20 Kaleidos nuclear microreactors and a letter of intent for a power purchase agreement with ULC-Energy, reinforcing its energy supply strategy for its data centers.
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.

Funds Push European Carbon Positions to Highest Since April

Investors hold 28.9 million EUAs net long as of August 8, four-month record level. Prices stable around 71 euros despite divergent fundamentals.
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An independent group calls for deep changes to speed up the approval of UK nuclear projects and cut costs linked to a system seen as too slow and complex.
GeoPura has acquired key assets from Green Hydrogen Systems and opened a subsidiary in Denmark to support its expansion in hydrogen electrolyser production and maintenance.

The global microgrid market is expected to reach $116.5bn by 2032

Driven by rising demand for energy resilience, the global microgrid market is projected to grow by 15.6% annually between 2025 and 2032, according to SkyQuest Technology Consulting.
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The American manufacturer is seeking a licence from the UK energy regulator to distribute electricity in the United Kingdom, marking its first move into this sector outside Texas.
The US oil and gas producer increased production and cash flow, driven by the Maverick integration and a $2 billion strategic partnership with Carlyle.

IAEA Dispatches Envoy to Tehran to Negotiate New Nuclear Framework

A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.
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The Canadian government adopts a new dynamic cap of $47.60 per barrel for Russian oil, aligning its position with that of the European Union and the United Kingdom.
Ørsted strengthens its financial structure with a rights issue backed by the state, following the failed partial sale of the US Sunrise Wind project.

Uniper tightens annual guidance and adjusts its energy transformation strategy

Uniper reaffirms its targets for the year, narrows its forecast range, and strengthens its transformation strategy while launching cost-cutting measures in a demanding market environment.
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The last monopiles manufactured by Navantia Seanergies and Windar Renovables have been delivered to Iberdrola for the Windanker offshore project, marking a major milestone for the European XXL offshore wind component manufacturing industry.
RWE signs long-term agreements with North Star for four new service vessels, strengthening maintenance of its offshore wind farms in the United Kingdom and Germany amid a tight market for specialised maritime capacities.
France’s decarbonisation pace slowed significantly in 2024, according to Citepa, putting its 2030 climate targets at risk.
Copenhagen Infrastructure Partners has signed a strategic agreement with GC Storage Services to develop 2.3 GW of battery storage capacity across northern and southern Italy.

European decarbonisation: costs, economic challenges, and the future of natural gas

Europe is considering various energy strategies up to 2050, revealing highly variable costs and an uncertain future for natural gas demand amid political pressure to achieve carbon neutrality at lower costs.
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Investment firm Ardian has completed the acquisition of renewable energy producer Akuo, active in photovoltaics, wind and storage, with stated ambitions for international expansion and increased capacity.
Shell aims to increase its cost reductions to USD 7 billion by 2028, leveraging artificial intelligence and targeted restructurings in its chemical divisions.

The UK could produce 50% of its oil and gas domestically

According to Offshore Energies UK, Britain's oil and gas potential in the North Sea is limited by a tax regime that hinders investments needed to boost national production, increasing dependency on imports.
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The West Burton site, selected for the prototype STEP fusion plant, is set to generate thousands of jobs and hundreds of millions of pounds annually, according to a study commissioned by Nottinghamshire County Council.
British and European carbon markets extended gains, boosted by geopolitical tensions and prospects of aligning emissions trading systems.

Launch of an initiative to standardize carbon market data

A coalition of 30 companies and public organizations has launched an initiative to establish a standardized protocol for carbon credit data, aiming to improve transparency and accelerate the growth of carbon markets.
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RWE makes significant progress in the construction of the 1.4 GW Sofia offshore wind farm, with the arrival of a turbine installation vessel, the production of the first recyclable blades, and the imminent installation of the first turbines. Full commissioning is scheduled for 2026.
Harmony Energy has completed the sale of a 200 MW battery energy storage project to EDF Renewables Polska, strengthening its position in the Polish market while supporting the country’s energy transition.

London and Beijing Strengthen Energy Dialogue Despite Tensions

UK Energy Minister Ed Miliband met Chinese officials in Beijing to discuss energy cooperation and reducing greenhouse gas emissions, despite disagreements over Hong Kong, forced labour, and the war in Ukraine.
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BP has confirmed the cessation of a gas leak at the offshore Grand Tortue Ahmeyim field, located between Senegal and Mauritania. The incident, identified on 19 February at one of the site’s wells, required technical interventions to restore the integrity of the installations.
The United States reactivates a major loan for TotalEnergies' Mozambique LNG project, stalled since 2021 due to a jihadist attack. The funding should enable a market-anticipated restart by 2030.

Major companies pledge to triple global nuclear capacity by 2050

A group of technology and energy companies, along with 31 countries, has signed a pledge to triple global nuclear capacity by 2050, supporting a strategic expansion of this energy source.
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UK greenhouse gas emissions decreased by 3.6% in 2024, marking a slowdown in the pace of reduction. The end of coal usage in electricity production and the rise in electric vehicles contributed to this trend.
Cameroon has announced the upcoming construction of two gas-fired power plants totaling 500 MW in Bekoko and Douala under public-private partnerships, contingent upon gas supply assurances from the National Hydrocarbons Corporation.

Korkia sells the Mere Flats solar project to a NextEnergy Capital fund

Korkia has completed the sale of the Mere Flats solar and energy storage project to a fund managed by NextEnergy Capital. Located in South Yorkshire, this 56 MWp solar and 16 MW battery site is the first in Korkia’s UK portfolio to reach the ready-to-build stage.
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Tanzania has decided to postpone the allocation of 26 oil and gas exploration licences to May 2025, initially scheduled for March, to attract more investors at the Africa Energies Summit in London.
The International Atomic Energy Agency has begun an assessment visit to the Rooppur nuclear power plant, Bangladesh’s first facility, 90% financed by Russia. The inspection focuses on site safety ahead of the scheduled fuel loading in 2025.
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