Europe

Shell focuses on African offshore and revives upstream amid challenging environment

The Anglo-Dutch company maintains its oil and gas operations on the African continent, betting on offshore exploration and the reactivation of onshore fields, while the institutional and regulatory context remains uncertain.

South Africa: Eskom Under Pressure from Residential Solar Growth

Facing chronic power outages, South African households are increasingly turning to solar self-generation, jeopardizing Eskom's pricing model and widening energy-access inequalities between affluent neighborhoods and disadvantaged areas.

CrossBoundary Energy raises $60mn to accelerate Kamoa solar unit

A $60mn subordinated loan will speed delivery of equipment for a 223 MWp solar-storage plant serving the Kamoa-Kakula copper complex, deepening the financial partnership between CrossBoundary Energy and Standard Bank South Africa.
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Governments extend their stockpiles to cover 98 % of global oil

The Global Energy Policies Hub shows that strategic reserves, gas obligations, cybersecurity and critical-mineral policies are expanding rapidly, lifting oil coverage to 98 % of world imports.

South African state exposes public finances to uncertain Sapref refinery buyout

The Central Energy Fund’s takeover of the Sapref refinery introduces major financial risks for South Africa, with the facility still offline and no clear restart strategy released so far.

Asia accounts for 71% of new renewable capacity, Africa remains marginalised

Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.
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Green ammonia: South Africa moves to execution phase of its largest project

The Hive Coega project, South Africa’s most ambitious green ammonia initiative, enters its operational phase with the release of tenders for essential infrastructure, marking a major step forward for the country in renewable energy production.

EDF Power Solutions wins major energy storage contract in Japan

EDF Power Solutions has been selected by the Japanese government to build a 110 MW lithium-ion battery after winning a public tender aimed at enhancing the flexibility of the country's electricity grid.

Globeleq closes $300 million financing for landmark project

Globeleq and African Rainbow Energy finalise financing for Africa's largest standalone battery energy storage project, raising ZAR 5.4 billion ($300 million) from Absa and Standard Bank in South Africa.
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Renewable energy: access improving, but financing still insufficient for Africa

According to the 2025 report on global energy access, despite notable progress in renewable energy, insufficient targeted financing continues to hinder electricity and clean cooking access, particularly in sub-Saharan Africa.

Globeleq launches South Africa’s largest energy storage facility

Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.

Global microgrid market to reach 191 billion dollars by 2033

Estimated at 40.9 billion dollars in 2024, the global microgrid market is expected to grow at an average annual rate of 19.28% to reach 191.01 billion dollars by 2033, driven notably by innovative energy contracts.
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Zambia secures $26.5mn for the 32 MW Ilute solar project

The African Development Bank financially supports Zambia with $26.5 million for the 32 MW Ilute solar project, structured to avoid reliance on sovereign guarantees.

Global solar tracker market: growth projected to reach $29.31bn by 2030

The global solar tracker market is expected to reach $29.31bn by 2030, driven by a compound annual growth rate of 26.2%, notably supported by large-scale photovoltaic projects and recent technological advances, a new study reports.

Octopus Energy launches $60 million fund for African energy

Octopus Energy Generation announces an initial $60 million fund dedicated to financing energy infrastructure projects in Sub-Saharan Africa, aiming to raise $250 million over three years, in partnership with Pembani Remgro Infrastructure Managers.
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Globeleq acquires 51% of Lunsemfwa Hydro Power in Zambia from Norfund

Globeleq acquires a majority stake in Lunsemfwa Hydro Power Company, marking its entry into the Zambian energy market with two hydropower plants and a solar project.

Global emissions: Europe reduces locally but massively outsources its pollution

Global CO₂ emissions reach a record level in 2024, while Europe reports a local decrease but significantly outsources its pollution to emerging economies, revealing a pronounced gap between stated ambitions and economic realities.

South Africa: 37mn USD fund boosts green hydrogen

The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
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NOA and Standard Bank close financing for 349 MW Khauta South solar project

South African group NOA and Standard Bank have finalised the financing of the 349 MW Khauta South solar site, now the largest developed on a single site in South Africa.

Tariff increases slow down energy projects in the United States

New US tariff measures are driving up energy sector costs, with a particularly strong impact on storage and solar, according to a study by Wood Mackenzie.

Equinor invests NOK 12 billion to develop Troll West

Equinor and its partners are investing over NOK 12 billion to develop the Troll West gas infrastructure, aiming to maintain high levels of gas exports until 2030.

Europe: rising carbon prices

Carbon prices in Europe rose sharply in May, supported by higher gas prices and improved industrial demand.

Russia: a dark LNG fleet to circumvent Western sanctions

Russia could develop a "dark LNG fleet" to transport natural gas in the face of Western sanctions, according to Flex LNG.
Flotte Sombre GNL Russie

EDF Renewables develops green electricity generation in South Africa

EDF Renewables is building 1.2GW of renewable electricity capacity in South Africa, including wind, solar and storage, to bridge the country's energy deficit.

European LNG prices reach five-month highs

LNG prices in Europe have risen to their highest level in five months, boosted by geopolitical risks and tight supply, increasing competition with Asia for cargoes.

Union des marchés européens confronts TotalEnergies

The Chairman of stock exchange operator Euronext believes that a union of capital markets in Europe will not be enough to resolve the undervaluation of TotalEnergies, which is considering a primary listing on the New York Stock Exchange.
Cotation TotalEnergies UMC

Derailment in South Africa: coal exports impacted

A derailment in South Africa interrupts coal exports, raising concerns about supply and prices.

Engie posts lower results but maintains 2024 targets

Engie announces a drop in its first-quarter results, but maintains its targets for 2024, despite lower energy prices and a mild winter.

Photon Energy: €15m for solar farms in Romania

Photon Energy has signed a €15 million loan agreement with the EBRD to finance the construction of six solar farms in Romania, strengthening its integrated business model.
La Roumanie développe son parc Photovoltaïque.

Namibia: grid modernization to integrate renewable energies

The World Bank grants a $138.5 million loan to modernize Namibia's power grid with a view to integrating renewable energies.

Robust growth for Nordex Group in the first quarter of 2024

Nordex Group announces a 29% increase in sales and confirms its annual forecasts following a solid first quarter.

AMEA Power launches 120 MWp solar project in Tunisia

The 120 MWp solar photovoltaic project in Kairouan has now been launched. Financed by the IFC and the ADB, this project represents an important milestone for the country's energy future.
Projet d'un parc solaire en Tunisie par l'entreprise AXEAM

Putin in China: Energy and strategic challenges

Russian President Vladimir Putin will visit China on May 16 and 17 to strengthen energy cooperation with Beijing, in response to Western sanctions. The visit aims to consolidate the Sino-Russian alliance and navigate the strategic challenges posed by US sanctions on Chinese financial institutions.

EDP supports renewable energy projects in Africa

EDP's A2E Fund finances energy projects in five African countries, contributing to energy inclusion on the continent.

Russian enriched uranium soon to be banned from import by the USA

The US ban on Russian enriched uranium imports could have significant consequences for the global nuclear fuel market and directly affect the US industry, warned Russian nuclear company Rosatom.
Interdiction Uranium Russe Etats-Unis

Energy transition delayed: major economic and climatic impact

A five-year delay in the energy transition could cost up to $48 trillion and raise global temperatures by 3°C.

Europe steps up natural gas injections to meet growing demand

Europe is stepping up natural gas injections in anticipation of strong summer demand, boosting LNG imports to avoid shortages, according to analysts at S&P Global Commodity Insights.

BP reports a sharp fall in first-quarter profits

BP reports a significant drop in first-quarter profits, attributed to lower hydrocarbon prices and lower margins.
Résultats BP T1 2024

Italy bans ground-mounted solar panels on farmland

Italy bans ground-mounted solar panels in agricultural areas, raising concerns about its decarbonization targets.

French banks face the challenge of low-carbon financing

According to the NGO Reclaim Finance, only 17.3% of the financing provided by the four major French banks to the European oil majors between 2020 and 2023 was allocated to "low-carbon" projects.