United Kingdom

The three European powers activate the UN sanctions mechanism against Iran, increasing pressure on the country's oil exports as Tehran maintains high production despite Western measures.
The United States Nuclear Regulatory Commission has granted a 40-year extension for the AP1000 reactor design certification, supporting its long-term construction domestically and deployment abroad.

Anaergia signs $13.23mn contract with Nortegas for biomethane plant in Spain

Anaergia’s Italian subsidiary has been selected by Nortegas Renovables to build a biomethane facility in Andalusia using agricultural residues.
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Bp has awarded Baker Hughes a long-term service agreement for the Tangguh liquefied natural gas plant, covering spare parts, maintenance and technical support for its turbomachinery equipment.
CNOOC Limited has signed two production sharing contracts with SKK Migas to explore the Gaea and Gaea II blocks in West Papua, alongside EnQuest and Agra.

Vattenfall selects GE Vernova and Rolls-Royce for future nuclear reactors

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.
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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.
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.

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.
Iran will meet European diplomats in Geneva on January 13 amidst controversy over its 60% uranium enrichment, according to the International Atomic Energy Agency (IAEA).
A Maersk vessel was struck by a drone attack claimed by Houthi rebels near Socotra, reigniting concerns over maritime security in the Red Sea amidst escalating regional tensions.

Iberdrola Finalizes the Acquisition of Avangrid

Iberdrola completes the acquisition of the remaining 18.4% of Avangrid, an operation approved by US regulators. This $35.75 per share transaction marks a strategic milestone for its activities in the United States.
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Boralex enters a partnership in Scotland to develop a 145 MW wind energy project and a 50 MW energy storage system, strengthening the UK's renewable energy landscape.
Ballard Power Systems announces an order of 90 fuel cells, totaling 6.4 megawatts, for public buses in the United Kingdom and Europe. These initiatives are supported by public funding programs for energy transition.

Spanish Parliament Rejects the Continuation of the Tax on Energy Companies

Spanish lawmakers rejected the continuation of an exceptional tax on energy companies, highlighting significant parliamentary disagreement and raising concerns about the future of investments tied to the country's energy transition.
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TAG Oil announces progress at its BED-1 site in Egypt, with stable production, new drilling planned for 2025, and a partnership strategy to optimize operations.
Driven by favorable public policies and growing energy demand, the global nuclear energy market is projected to reach USD 44.71 billion by 2029, with an annual growth rate of 2.9%. Major powers are intensifying investments in the sector.

Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope

The Flamanville EPR will be connected to the grid this Friday. After two decades of delays and cost overruns, this next-generation reactor marks a major milestone for French nuclear energy.
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The UK electricity grid operator, National Grid, announces an ambitious £35 billion plan to double electricity transmission capacity by 2031, in alignment with the government's environmental goals.
The Swiss-Swedish group ABB acquires strategic activities from Gamesa Electric, consolidating its business strategy in renewable energy through equipment for wind, solar, and storage.

Oil and gas producers lagging on net-zero goals

A Carbon Tracker study reveals that major global oil and gas players are struggling to align their strategies with the Paris Agreement, despite increasing risks related to energy transition and regulations.
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EPH, a Czech group owned by Daniel Kretinsky, acquires a majority stake in Slovenske Elektrarne for 150 million euros, consolidating its presence in the European nuclear energy market.
Ørsted announces an agreement with Cathay Life Insurance to sell 50% of the Greater Changhua 4 Offshore Wind Farm under construction in Taiwan, marking a key step in their strategic energy partnership.

Etermar Energia and Qair join forces to develop floating wind power in the Iberian Peninsula

Etermar Energia and Qair have signed an agreement to collaborate on floating offshore wind projects in the Iberian Peninsula, strengthening their strategic ambition in this rapidly expanding market.
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Access to the GE Vernova plant in Montoir-de-Bretagne has been blocked since Friday by unions protesting against the planned elimination of 140 jobs.
Les opérateurs de réseaux lancent les études de faisabilité du corridor hydrogène nordique-baltique

The United Kingdom Reaches a Historic Milestone in Wind Power Production and Electricity Exports

With 22 GW produced in a single day, the United Kingdom asserts itself as a leader in wind power. The growth in its exports to Europe marks a strategic advance in the energy transition.
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Vestas will supply 72 turbines for the Inch Cape offshore wind project in Scotland, a firm 1.1 GW contract signed with Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables.
In response to climate pressures, the Biden administration proposes limiting public support for oil and gas projects abroad. An initiative that could redefine global energy policy.