Energy History

Infrastructure manager Teréga and GRDF inaugurated in Auch, Occitanie, the region’s first biomethane reverse-flow station, designed to facilitate biomethane transfer from the distribution to the transport network, representing an investment of €3mn ($3.27mn).
German energy group Badenova plans to invest $4.64 billion in its energy networks and capacity by 2050, including $232 million committed from 2025, according to the company's recently published annual financial results.

373 MW Cleve Hill Solar Park begins commercial operations in the United Kingdom

Quinbrook Infrastructure Partners announces full operational launch of Cleve Hill Solar Park, now becoming the largest active photovoltaic power plant in the United Kingdom with a total installed capacity reaching 373 MW.
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The European Investment Bank grants EWE AG historic €450mn financing for the installation of 2,600 km of underground power lines and the upgrade of over 1,100 substations in Lower Saxony.
The Ignitis Group is starting the construction of three battery energy storage systems in Lithuania, with a combined capacity of 291 MW and a total investment of €130mn.

Natural hydrogen: France on the verge of redefining its national and European energy strategy

The official confirmation in June 2025 by the French government regarding the detection of significant natural hydrogen reserves in Lorraine, the Pyrenees, and Aquitaine could represent a major strategic turning point for national and European energy sovereignty. However, the technical, economic, and environmental challenges associated with its exploitation might slow its large-scale implementation.
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Prolonged heatwaves and environmental disasters are intensifying, leading to significant financial impacts in the energy, agriculture, and real estate sectors, according to the latest UN and IEA reports.
Ten multilateral development banks have approved global financing of $19.6bn for water-related projects in 2024, mainly aimed at low- and middle-income countries, according to a recent joint report.

BISOL adopts G12R solar cells to strengthen its European production

European photovoltaic module manufacturer BISOL is integrating G12R solar cells into its product range, replacing the former M10 cells, to improve product performance and technological competitiveness starting from the second quarter of 2025.
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Turkish power producer Eren Energi Elektrik Uretim has launched a tender to buy 375,000 tonnes of thermal coal to be delivered in five shipments starting from August 2025, according to a document seen by Platts on June 27.
Japan’s Ministry of Industry and Siemens Gamesa Renewable Energy launch a strategic partnership to develop local offshore wind supply chains and strengthen the country's industrial competitiveness in this energy sector.

Stanwell withdraws from CQ-H2 hydrogen project in Australia, impact on the sector

Stanwell announces the end of its participation in the Central Queensland Hydrogen Project, a major international hydrogen production initiative, raising questions about the sector's outlook in the region.
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Adani Green Energy Limited becomes the first Indian company to achieve 15,539.9 MW of operational renewable capacity, cementing its position among the global top 10 independent green power producers.
Eni has inaugurated its first vegetable oil extraction plant in Loudima, Republic of the Congo, marking the country's entry into the global biofuel supply chain for the transport industry.

TotalEnergies acquires 25% stake in Block 53 in Suriname and strengthens its offshore presence

TotalEnergies acquires a 25% stake in Block 53 offshore Suriname, joining APA and Petronas after an agreement with Moeve, thereby consolidating its expansion strategy in the region.
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Energiekontor AG confirms financial close for the Nartum wind farm, adding 23 megawatts to its owned portfolio and starting the construction phase in the Rotenburg district, Lower Saxony.
Italian group Pronur establishes itself in Saudi Arabia with support from AstroLabs, aiming to provide advanced technologies in the renewable energy sector and develop new industrial partnerships.

Egypt strengthens energy cooperation with six Chinese groups at Shanghai summit

Egypt’s Electricity Minister engages in new talks with Envision Group, Windey, LONGi, China Energy, PowerChina, and ToNGWEI to boost local industry and attract investments in renewable energy.
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Ascent Solar Technologies, Inc. announces the launch of a $2mn public offering to finance working capital, product development and general expenses.
Ardian Clean Energy Evergreen Fund takes control of 117 photovoltaic plants totalling 116 MW in Italy, further consolidating its presence in the country’s renewable energy sector.
Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.

ACWA Power to invest up to $10 billion in Malaysia for energy projects

Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
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Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.
ExxonMobil plans to sell its 82.89% stake in Esso S.A.F. to North Atlantic France, valuing shares based on €1.49bn cash holdings and a price subject to several adjustments.

TotalEnergies maintains its strategy despite economic pressures and activism

Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
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UK-based SSE recorded an adjusted operating profit of £2.42bn for fiscal year 2024/25, supported by record investments in networks and renewable energy.
Iberdrola has signed an agreement to acquire the distribution, supply and energy generation activities of Electra del Maestrazgo, a family-owned company operating in Castellón and Teruel, for an undisclosed amount.

John Bryson, former CEO of Edison International, dies at 81 after a landmark career

John Bryson, a key figure in the American energy sector, has died at the age of 81. The former CEO of Edison International played a decisive role during California’s electricity crisis.
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New York state regulators have approved a $5 billion budget for energy efficiency and electrification programmes, set to launch on January 1, 2026.
Aircela has introduced a unit capable of producing gasoline directly from air, water, and renewable electricity, without using fossil resources.

Sustainability Partners takes control of Ecofin’s renewable assets in the United States

Sustainability Partners will now manage the operational oversight of Ecofin’s U.S. portfolio, comprising solar and wind projects under contract with investment-grade electricity providers.
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Strathcona Resources reshapes its portfolio with the $2.84bn sale of Montney gas assets and a $45mn acquisition of the Hardisty Rail Terminal to refocus on heavy oil operations.
Italian group Eni enters exclusive talks with Ares to sell a minority stake in Plenitude as part of a targeted funding strategy for its low-carbon subsidiaries.

SBM Offshore reports 27% revenue growth in the first quarter of 2025

SBM Offshore posted quarterly revenue of $1,103mn, driven by the Turnkey segment, while maintaining full-year targets and advancing the deployment of its floating units scheduled for 2025.
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Shell paid $28.1bn to governments in 2024 for its extractive activities, with major flows reported in Nigeria, Malaysia and Oman, according to its regulatory disclosure in the United Kingdom.
CGN Brasil and the government of Piauí have signed an agreement to develop a 1.4 GW energy complex combining solar, wind and storage, with a planned investment of $578mn.

Iliad signs four new contracts to strengthen its energy supply in Europe

The iliad Group signs four new renewable electricity purchase agreements in France, Italy and Poland, bringing its total number of European energy projects to eight.
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Italian industrialist Romano Minozzi now holds over 3% of Eni, valued at €1.2bn ($1.33bn), according to the latest data published by financial regulator Consob.
Enbridge reported a sharp rise in first-quarter 2025 results, driven by its hydrocarbon transport operations and recent acquisitions, while reaffirming its full-year financial outlook.