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Repsol's net profit fell to €603mn in the first half, impacted by oil market volatility and a massive power outage that disrupted its activities in Spain and Portugal.
Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.

Naturgy posts record half-year profit of €1.15bn following Iberian blackout

Spanish group Naturgy reports an unprecedented net profit, driven by rising electricity prices and increased use of its gas-fired power plants since the major Iberian grid outage.
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Hungary reaffirms its intent to double the capacity of its Paks nuclear power plant in partnership with Rosatom, with concrete works expected to begin in the autumn.
SUEZ and RATP Group formalise a supply contract for 100 GWh of renewable electricity per year, over a maximum period of sixteen years, powering the operations of the world’s third largest urban transport operator.

TotalEnergies posts 29% drop in net profit in the second quarter of 2024

TotalEnergies reports a significant decrease in net profit and revenue for the second quarter, while relying on growth in its hydrocarbon and electricity production to sustain profitability and global ambitions.
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The first European citizen funding campaign dedicated to green hydrogen enabled Lhyfe to collect €2.5mn from nearly 1,200 investors, strengthening the development of new sites in France and Germany.
The British government is increasing by 11% the guaranteed price for offshore wind electricity to support projects facing inflation and supply chain constraints.

Dutch court lifts freeze on Gazprom stake in joint venture with Wintershall

The Hague court has authorised the release of Gazprom’s shares in Wintershall Noordzee, following a judicial decision after several months of legal proceedings involving Ukrainian companies.
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Solar growth in the European Union is seeing its first annual contraction in ten years, following reduced subsidies and shifting budget priorities in several member states.
In the face of renewable energy intermittency, Power-to-Hydrogen-to-Power (PtP) technology could revolutionize energy storage. However, its adoption still depends on cost reduction and efficiency improvements.

SSE launches construction of Platin Power Station to strengthen Irish supply

SSE plc invests up to €300mn ($326mn) in a new 170MW power plant in County Meath, aiming to ensure energy security and support the growing demand on Ireland's power grid.
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The Egyptian government has paid over $1 billion to oil majors to secure natural gas production and restore international investor confidence.
Arabelle Solutions, a subsidiary of EDF, will provide turbine island equipment for the first BWRX-300 small modular reactor project in Canada, marking a milestone for the industrialisation of SMRs in North America.

CMA CGM and TotalEnergies create joint venture for LNG bunkering in Rotterdam

CMA CGM and TotalEnergies announce a strategic partnership with the creation of a joint venture to operate a liquefied natural gas (LNG) bunkering vessel with a capacity of 20,000 m³, based in Rotterdam.
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The amount of gas flared globally surged to 151 billion cubic meters, the highest level in nearly twenty years, resulting in losses estimated at 63 billion USD and raising concerns for energy security.
A USD 1.1 billion refinery project in Ndola, signed with Fujian Xiang Xin Corporation, aims to meet Zambia's domestic demand and potentially support regional exports.

Ember: A small portion of wind and solar capacity would meet India’s electric vehicle needs by 2032

According to Ember, only 3% of India’s wind and solar targets for 2032 would be sufficient to cover the entire electric vehicle charging demand, provided appropriate measures are taken for grid management and charging infrastructure.
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Scatec secures the development of a 846 MW photovoltaic cluster in the Free State province, with an investment of ZAR13bn ($735mn), following the seventh round of South Africa's REIPPPP programme.
DP Energy plans to build a 1,400 MW wind farm near Julia Creek, supported by an energy storage system, enhancing industrial momentum and supply prospects in northern Queensland.
Avangrid launches its new Park City Wind offshore wind project in Connecticut and plans to create 2800 jobs.|Avangrid launches its new Park City Wind offshore wind project in Connecticut and plans to create 2800 jobs.
Atlantic Shores, a new joint venture between EDF Renewables and Shell New Energies, will boost new energies in New Jersey.|Atlantic Shores, a new joint venture between EDF Renewables and Shell New Energies, will boost new energies in New Jersey.

Albania Tender for Large Wind Projects

A call for tenders is launched in Albania to encourage the development of large-scale onshore wind power plants.|A call for tenders is launched in Albania to encourage the development of large-scale onshore wind power plants.
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Central Asia's largest wind farm, the Zhanatas project in Kazakhstan, completed with a capacity of 100 MW, is the result of Sino-Kazakh cooperation and addresses the north-south energy imbalance while supporting the country's transition to renewable energies.
Avanti Energy completes acquisition of approximately 20,000 hectares of land in Montana. The reason: potential helium wealth.|Avanti Energy completes acquisition of approximately 20,000 hectares of land in Montana. The reason: potential helium wealth.

Arise sells 2 wind farms to TRIG and InfraRed in Sweden

Arise announces the sale of the Ranasjö and Salsjöhöjden wind farms in Sweden to TRIG and InfraRed, investment companies.|Arise announces the sale of the Ranasjö and Salsjöhöjden wind farms in Sweden to TRIG and InfraRed, investment companies.
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Acciona starts construction of the Celada Fusión wind farm in Palencia, Spain. Planned output: 48 MW. The project will require an initial investment of over 45 million euros and will be commissioned in the first quarter of 2022.|Acciona starts construction of the Celada Fusión wind farm in Palencia, Spain. Planned output: 48 MW. The project will require an initial investment of over 45 million euros and will be commissioned in the first quarter of 2022.
Ameresco inaugurates its 9.2 MW wind power project in Greece. The project was awarded under a contract with Ameresco's Greek subsidiary PPC Renewables. With its 1st wind farm in Europe, Ameresco reinforces its position as an international leader in renewable energies.|Ameresco inaugurates its 9.2 MW wind project in Greece. The project was awarded under a contract with Ameresco's Greek subsidiary PPC Renewables. By building its 1st wind farm in Europe, Ameresco strengthens its position as an international leader in renewable energies.

Allete Clean Energy acquires 160MW of wind power in Wisconsin

Allete Clean Energy announces a new stage in its growth with the purchase of several wind power assets in Wisconsin, USA. The company acquires 160 MW of wind power and strengthens its portfolio of over 1.7 GW of renewable assets.|Allete Clean Energy announces a new step in its growth by purchasing several wind power assets in Wisconsin, USA. The company has acquired 160 MW of wind power and strengthened its portfolio of over 1.7 GW of renewable assets.
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The Kom Omno solar park in Egypt will be expanded from 200 to 500 MW thanks to Amea Power of the United Arab Emirates. The electricity generated will be sold to the Egyptian Electricity Transmission Company, contributing to Egypt's sustainable energy objectives. AMEA Power is also developing other renewable energy projects in several countries, including wind and solar power.

Offshore wind farm 2020: RWE UK moves towards major expansion

The Gwynt y Mor offshore wind farm, opened in 2015, is expanding. Renewables specialist RWE Renewables UK has announced one of its newest projects.
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The European Commission unveils its strategy for renewable hydrogen, the key to achieving carbon neutrality by 2050. Creation of the European Alliance for Renewable Hydrogen.