Finlande

AMEA Power commissions Egypt’s first large-scale battery energy storage system

AMEA Power has commissioned a 300 MWh battery energy storage system in Egypt, a first for the country, extending the Aswan solar site’s activity and consolidating its presence in the African market.

Envision Energy and FERA Australia launch major hybrid wind and storage project

Envision Energy and FERA Australia announce an agreement to develop up to 1 GW of wind and 1.5 GWh of storage on the Australian market, laying the foundation for a new hybrid power plant model.

BHP considers Australian “green iron” sector too costly despite China talks

Mining group BHP sees low-emission iron production in Australia as unprofitable, just as Canberra and Beijing announce closer cooperation to decarbonise the global steel industry.
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Outages in Nouakchott expose weaknesses in Mauritania’s power grid

Nouakchott has endured lengthy power interruptions for several weeks, highlighting the financial and technical limits of the Mauritanian Electricity Company as Mauritania aims to widen access and green its mix by 2030.

Falcon Oil & Gas sets initial production record at Beetaloo site in Australia

Falcon Oil & Gas Ltd announces a new record initial flow test result at the Shenandoah S2-2H ST1 well and the start of its 2025 drilling campaign in the Beetaloo Basin.

Arctech Brazil obtains FINAME certification and accelerates its regional expansion

Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.
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Technip Energies signs major contract for floating natural gas unit in Africa

Technip Energies has secured a contract to lead preparatory works for a floating liquefied natural gas unit in Africa, confirming its presence in the international gas infrastructure market.

Rio Tinto: five strategic priorities to close a 40% valuation discount

Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.

EnergyX acquires 35,000 acres of US lithium from Pantera Lithium

Energy Exploration Technologies acquires Daytona Lithium, an Australian subsidiary of Pantera Lithium, for AUD40mn ($27mn), bringing its strategic lithium basin footprint in Smackover, USA to nearly 50,000 acres.
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Egypt: Supplementary agreements signed for the El Dabaa nuclear power plant

Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.

Latin America’s six largest economies accelerate transition to renewables

Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.

Sonatrach and ENI Seal $1.35 Billion Contract in Algeria

Sonatrach and ENI have signed a $1.35 billion production-sharing agreement aiming to extract 415 million barrels of hydrocarbons in Algeria's Berkine basin, strengthening energy ties between Algiers and Rome.
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France: Cigéo nuclear waste underground storage project makes significant progress

The French Cigéo project, designed to bury the most hazardous radioactive waste deep underground, obtains a crucial technical validation before its final authorization, expected by the end of 2027.

BRICS Launch Their Own Climate Finance Framework and Reject CBAM

BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.

Argentina forecasts 180 Mmcd to become regional supplier and major LNG exporter

According to a Wood Mackenzie report, Argentina could achieve daily gas production of 180 million cubic metres per day by 2040, aiming to become a key regional supplier and a significant exporter of liquefied natural gas.
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Valmet to supply biomass boiler to Kraftringen for its plant in Sweden

Valmet secures a contract to deliver a bubbling fluidized bed biomass boiler and flue gas handling equipment to Kraftringen Energi's upcoming combined heat and power plant, aimed at strengthening energy supply in Sweden.

Egypt accelerates El-Dabaa national grid connection for 2026

Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026 with output equal to about seven % of national electricity.

Argentina restricts industrial gas amid historic cold snap

Facing the lowest temperatures recorded in 30 years, the Argentine government announces reductions in natural gas supply to industries to meet the exceptional rise in residential energy demand across the country.
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Cox secures $64mn contract to interconnect Paraguay’s electricity grid

Spanish company Cox has signed a $64mn contract for the design and construction of 500 kilometres of high-voltage transmission lines in Paraguay's Chaco region, in collaboration with local firm L.T. S.A.

Mauritania: Sonatrach and SMH launch strategic partnership in downstream oil sector

Facing an under-equipped downstream sector, Mauritania partners with Sonatrach to create a joint venture aiming to structure petroleum products distribution and reduce import dependency, without yet disclosing specific investments.

Mike Cannon-Brookes redirects his investments to solar power in Australia

Atlassian co-founder Mike Cannon-Brookes is accelerating Australia's energy transition with massive investments in the SunCable project, destined to become the world's largest solar power plant.

Egypt projects a return to normal energy production by 2025

Egypt's Prime Minister, Mostafa Madbouly, announces a strategy to restore oil and gas production to previous levels by 2025, in collaboration with international partners.

China and India dominate the global solar megaproject scene

China and India are stepping up investment in solar megaprojects, reinforcing their dominant position in the renewable energies sector.
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Australia validates the world’s largest solar power plant

Australia approves SunCable, a solar project on an unprecedented scale, designed to power three million homes and export energy to Singapore.

Senegal reassesses its energy contracts

Senegal is setting up a commission to renegotiate its oil, gas and mining contracts, with the aim of rebalancing them in favor of national interests.

Australia: Engie closes financing for 250 MW solar power plant

Engie finalizes financing for its 250 MW solar project in Victoria, Australia, marking a key step in its expansion of renewable energies.
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Nigeria and Equatorial Guinea reach agreement on transnational gas pipeline

Nigeria and Equatorial Guinea have signed a crucial agreement for the construction of a transnational gas pipeline, strengthening African energy integration and regional energy security.

Cepsa sells its liquefied gas division to Empresas Copec for 275 million euros

Cepsa announces the sale of its liquefied gas division in Spain and Portugal to Empresas Copec for 275 million euros, continuing its strategy of refocusing on low-carbon energies.

South Korean refiners under pressure from Chinese oil exports

Increased exports of Chinese petroleum products are threatening the margins of South Korean refiners, already under pressure, in a fragile regional economic context.
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Australia: 100 MW storage unit boosts power grid

The 100 MW Chinchilla storage facility, the first project of the Kogan Clean Energy Hub, is now operational, stabilizing the Queensland grid and facilitating the integration of renewable energies.

Fortum: Nuclear investments deemed unprofitable at current prices

Fortum, a major energy player in Finland, believes that electricity prices on the Nordic market are not sufficient to make new nuclear projects profitable, despite ambitions in Sweden and Finland.

SUSI strengthens its strategy in Chile with 22 new BESSs

SUSI Partners, through its SUSI Energy Transition Fund, is making a major investment in battery energy storage in Chile, with a portfolio of 22 projects targeting a total capacity of 860 MW.

Russian thermal coal exports on the rise

Russian exports of thermal coal have risen sharply, boosted by strong demand in the Asia-Pacific and Mediterranean regions, as well as a temporary reduction in export tariffs.

Shell and PetroChina accelerate expansion of Surat gas project

Shell and PetroChina, through Arrow Energy, are ramping up the Surat natural gas project in Australia, boosting their LNG production capacity.
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Argentine lithium: mining growth under environmental strain

Lithium mining in Argentina, a key driver of the global energy transition, generates economic opportunities while posing serious environmental and social challenges for local communities.

SK Innovation invests in underwater carbon storage in Australia

SK Innovation takes a 20% stake in the G-15-AP project in Australia, marking a shift towards decarbonization and diversification of its energy activities.

Europe faces the uncertainty of Russian gas transit via Ukraine

The imminent expiry of the gas transit agreement between Russia and Ukraine in 2024 could lead to major disruptions in energy supplies to several European countries, exacerbating current geopolitical tensions.
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FRV Australia completes financing for 100MW/200MWh Terang BESS

FRV Australia secures financing for Terang's 100MW/200MWh battery project, marking a turning point in renewable energy in Australia.

BTR opens Indonesia’s largest lithium-ion anode plant outside China

BTR NEW MATERIAL GROUP inaugurates a plant in Indonesia, becoming the largest lithium-ion anode production site outside China, marking a key milestone for the battery industry.