CEF

Kuwait Petroleum Corporation has signed a syndicated financing agreement worth KWD1.5bn ($4.89bn), marking the largest ever local-currency deal arranged by Kuwaiti banks.
China National Petroleum Corp has inaugurated a new electricity-focused entity in Beijing, marking a strategic step in the organisation of its new energy assets.

Ukraine receives 100 mn m³ of US gas via Lithuania

A first vessel chartered by a Ukrainian trader delivered American liquefied gas to Lithuania, marking the opening of a new maritime supply route ahead of the winter season.
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VSB France has commissioned the Eoliennes de Fadoumal wind farm in Lozère, a 13.8 MW facility located in a forested high-altitude area and equipped with a patented avifauna detection system.
Canadian firm Aecon and private developer Norsk Kjernekraft have signed a strategic agreement targeting the deployment of BWRX-300 small modular reactors across several potential locations in Norway.

South Africa restarts PBMR project with strategic transfer to Necsa

The South African government has officially lifted the PBMR reactor out of inactivity, launching a public investment programme and transferring the strategic nuclear asset from Eskom to Necsa.
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Czech billionaire Daniel Kretinsky expands further into energy with a strategic investment in TotalEnergies, via his holding EPH, in exchange for assets valued at €5.1bn.
A German NGO has filed in France a complaint against TotalEnergies for alleged war crimes complicity around Mozambique LNG, just as the country seeks to restart this key gas project without any judicial decision yet on the substance.

TotalEnergies and Rubis fined €187.5mn for cartel in Corsica

France’s competition authority fines TotalEnergies, Rubis and EG Retail over a cartel restricting access to Corsican oil depots, affecting the local fuel distribution market.
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Despite reaching a record $807bn in 2024, renewable energy investment growth slowed sharply, with funding heavily concentrated in advanced economies and China.
Proparco has invested in the 100 MW Kipeto wind farm in Kenya, reinforcing France’s financial involvement in East Africa’s energy sector, without disclosing the amount of the transaction.

Verso Energy awards FEED contract for DEZiR project to Rely for site in Normandy

Verso Energy assigns the front-end engineering design of the e-SAF DEZiR site to Rely, marking a major industrial step in sustainable aviation fuel production in France, with global deployment ambitions.
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The Beninese government has confirmed the availability of a mobile offshore production unit, marking an operational milestone toward resuming activity at the Sèmè oil field, dormant for more than two decades.
Air Liquide has launched in Antwerp the first industrial-scale pilot unit for converting ammonia into hydrogen, marking a key technological milestone in the global low-carbon hydrogen supply chain.

Baghdad seeks to preserve oil production despite sanctions targeting Lukoil

The Iraqi Prime Minister met with the founder of Lukoil to secure continued operations at the giant West Qurna-2 oil field, in response to recent US-imposed sanctions.
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Vattenfall has signed an agreement to sell its Independent Distribution Network Operator in the UK to Eclipse Power, a subsidiary of Octopus Sky Fund, marking a strategic refocus of its energy investments.
French renewable heat provider Newheat has inaugurated the largest agricultural solar thermal plant in the country, supplying the Les Tomates d’Auïtou site with 5,400 MWh annually.

Kyushu EPCO converts Morozuka into a pumped-storage facility to strengthen energy flexibility

The 50 MW Morozuka hydroelectric plant will be converted into a pumped-storage facility, reflecting Kyushu Electric Power's strategic repositioning in response to increasing pressure on Japan’s energy flexibility capabilities.
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EDF and OpCore are converting a former thermal power plant south-east of Paris into one of Europe’s largest data centre campuses, backed by a €4 billion ($4.31bn) investment and scheduled to begin service in 2027.
The sustained rise in consumption of high-octane gasoline pushes Pertamina to supplement domestic supply with new imported cargoes to stabilise stock levels.
The SuedLink underground cable project, estimated at €10bn ($10.66bn), enters an active phase with the launch of two additional sections in Hesse and Lower Saxony.
French group Vinci, through its subsidiary Cobra IS, will electrify 870 kilometres of rail tracks across the Baltic States as part of the Rail Baltica project, in a deal worth €885mn ($944mn).

Washington approves $130mn project to connect Moldova’s grid to Europe

The United States is funding a new high-voltage line to integrate Moldova into the European electricity market, following the cutoff of supplies from the separatist Transnistria region.
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French group Nexans has begun installing a high-voltage submarine cable between Sardinia and Sicily, reaching an unprecedented depth of 2,150 metres as part of a project led by Italian grid operator Terna.
Danish manufacturer NKT has been chosen to supply a 525 kV high-voltage cable system for the Eastern Green Link 3 project connecting Scotland and England’s power grids.

BII commits $7.5mn to support power interconnection in Nigeria

British International Investment partners with Odyssey Energy Solutions to finance the expansion of interconnected mini-grids in Nigeria, under the World Bank-backed DARES programme.
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Roraima, the last state not connected to Brazil’s national grid, has been linked through a publicly funded project launched over 14 years ago.
The European Commission launches a regulatory plan addressing eight major power grid blockages to reduce price disparities and strengthen energy security across the Union.

Jordan ready to export electricity to Syria pending grid connections

Amman confirms its grid readiness to supply Syria during off-peak hours, pending completion of Syrian infrastructure.
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Spanish electricity companies call for urgent reinforcement of investments after finding more than 80% of the transmission grid is saturated.
EDF finalised a second €500mn ($535mn) tranche with the European Investment Bank to support interconnections and strengthen Enedis' electricity distribution network in 2025.

NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports

NatPower Marine and Wah Kwong create a joint venture to deploy a maritime electric charging network in over 30 Asian ports by 2030, without requiring initial public investment.
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Hitachi Energy commits $457mn to build a transformer factory in Virginia, part of a $1bn plan to support electrical interconnection in the US amid rising demand from artificial intelligence infrastructure.
Elia Group Chief Executive Officer Bernard Gustin has been appointed chairman of the new twelve-member supervisory board of 50Hertz, restructured under German co-determination law.

US grid interconnection agreements hit 75 GW in 2024

US grid interconnection volumes rose 33% in 2024, driven by federal reform that streamlined procedures and enabled a record 75 GW of validated capacity.
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Avangrid has launched a $122 million project to modernise the Meyer substation in Dansville, a key node for regional electrical interconnection in the State of New York.
Between the Russian cooperation proposal and European cybersecurity requirements, Morocco must secure its energy infrastructure while consolidating its electricity exports to Spain.

Canada invests USD 9.6 million to modernize Ontario’s power grid

Ottawa funds five projects aimed at strengthening Ontario’s grid interconnection and reliability, integrating smart technologies and expanding local producers’ access to electricity markets.
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Jersey Central Power & Light is investing in a programme to strengthen power lines and electrical equipment to improve service reliability for more than 3,600 customers in eight New Jersey communities.
Driven by rising demand for energy resilience, the global microgrid market is projected to grow by 15.6% annually between 2025 and 2032, according to SkyQuest Technology Consulting.