United Kingdom

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.
The European Commission launches a regulatory plan addressing eight major power grid blockages to reduce price disparities and strengthen energy security across the Union.

Russia increases oil exports from western ports by 11% in September

Russia plans to ship 2.1 million barrels per day from its western ports in September, revising exports upward amid lower domestic demand following drone attacks on key refineries.
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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.

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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Spanish electricity companies call for urgent reinforcement of investments after finding more than 80% of the transmission grid is saturated.
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.

Altalto secures public funding for its UK waste-to-aviation fuel project

Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.
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The Groupement des Industriels Français de l'Énergie Nucléaire and the Belgian Nuclear Forum formalise a partnership aimed at strengthening industrial exchanges and joint projects between the two countries’ nuclear sectors.
OPEC+ begins a new phase of gradual production increases, starting to lift 1.65 million barrels/day of voluntary cuts after the early conclusion of a 2.2 million barrels/day phaseout.

Two sanctioned Russian LNG carriers deliver to China despite restrictions

The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
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Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
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.
NextEnergy Capital, through its NextPower V ESG fund, acquires a 248 MW portfolio in Spain, marking a key step in its strategy of investing in solar infrastructure in OECD markets.
Ukraine is committing $20 billion to increase the share of renewable energies to 27% of the energy mix by 2030, in response to the damage inflicted by Russian attacks.

Ofgem approves 2 GW subsea link between Scotland and England

The British regulator approves the Eastern Green Link 2 project, a 2 GW undersea cable designed to reinforce the power grid and support the energy transition.
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SeaTwirl AB and Serica Energy sign an agreement to study the integration of floating wind turbines on Serica's offshore platforms in the North Sea, with the aim of reducing carbon emissions.

RWE and TotalEnergies win 4 GW of wind power capacity in the North Sea

RWE, in collaboration with TotalEnergies, has secured two offshore sites in the North Sea totalling 4 GW, strengthening their strategic position in the European wind energy sector.
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Ukrainian Deputy Energy Minister and three accomplices arrested on corruption charges. The operation is part of Ukraine's strategy to strengthen transparency and meet European Union requirements.
A fire in the cooling system at the Russian-controlled Zaporizhia nuclear power plant has been brought under control. The IAEA confirms that there is no immediate nuclear danger, but continues to monitor the situation closely.

Westinghouse delivers 8% enriched fuel for Vogtle-2

Westinghouse produced its first batch of 8% enriched fuel in the UK for Vogtle-2, marking a step forward in the use of high-enriched fuels.
Enlight Renewable Energy reports 61% revenue growth in Q2 2024, while raising its annual guidance, despite a significant drop in net income.
Ember's analysis positions Drax as the UK's biggest CO2 emitter, raising questions about the effectiveness of public subsidies for biomass.

Overcapacity and rationalization: The global petrochemical industry is changing

Global overcapacity in the petrochemicals sector, exacerbated by Chinese expansion and energy costs in Europe, is forcing companies to undertake drastic restructuring, including plant closures and strategic consolidations.
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EU Allowances exceed €70/tCO2e thanks to rising natural gas prices, while UKAs continue to fall due to bearish fundamentals.
Libya's Oil Minister, Khalifa Rajab Abdulsadek, is charged with corruption by the Attorney General, marking a new stage in the political crisis that is disrupting the country's oil production.

Asian LNG spot prices rise on geopolitical uncertainties

Spot LNG prices in Asia are at their highest level for seven months, driven by tensions over Russian supplies and rising demand amid extreme weather conditions.
In July, OPEC+ produced 437,000 barrels per day in excess of quotas, jeopardizing reduction plans and exacerbating the challenges facing an oil market already under pressure.
Storegga launches consultation on Speyside Hydrogen project to decarbonize Moray distilleries with green hydrogen.

RIC Energy obtains 96% approval for its solar projects in Spain

RIC Energy obtains construction authorization for 96% of its photovoltaic projects in Spain, marking a key milestone in the renewable energies sector.
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Newcleo and VUJE join forces to develop advanced modular reactors and optimize the fuel cycle in Slovakia, strengthening their cooperation in the nuclear sector.
BP and the UK government finalize funding discussions for H2Teesside, a 1.2 GW blue hydrogen power plant. The project is crucial to the UK's industrial decarbonization and energy transition.