Troms Kraft

Emerging economies from the BRICS group now account for more than half of global solar electricity production in 2024, driven mainly by China, India, and Brazil, according to a new report by the organisation Ember.
Despite strong ties, Iran's dependence on oil revenues limits its ability to secure substantial strategic support from Russia and China amid current international and regional crises, according to several experts.

Singapore sets SAF aviation levy until 2028 despite fuel price volatility

Singapore announces fixed airline ticket levy dedicated to Sustainable Aviation Fuel (SAF) procurement, maintaining unchanged amounts from 2026 to 2028, regardless of significant fluctuations in global fuel prices.
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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.
Atmos Renewables has completed financing for a 100 MW battery energy storage system in Western Australia, marking the company's first asset of this type in the region and strengthening its presence in the Australian energy market.

Delfin Midstream secures strategic agreement with Siemens Energy and Samsung

Delfin Midstream reserves gas turbine manufacturing capacity with Siemens Energy and initiates an early works programme with Samsung Heavy Industries, ahead of its anticipated final investment decision in the autumn.
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Eos Energy Enterprises has received an additional $22.7mn from the US Department of Energy to complete the first phase of its battery manufacturing project in the United States, bringing total funding to $90.9mn.
Shell announces amendment of two annual reports after notification by Ernst & Young of non-compliance with SEC auditor partner rotation rules; however, financial statements remain unchanged.

Brazil: renewable energy curtailment to jump by 300% by 2035

Rapid growth in solar and wind capacities will lead to a significant rise in electricity curtailment in Brazil, as existing transmission infrastructure remains inadequate to handle this massive influx of energy, according to a recent study by consulting firm Wood Mackenzie.
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The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
German company NeXtWind signs historic €1.4 billion debt financing to accelerate expansion and modernisation of its onshore wind farms and reach a total capacity of 3 GW by 2028.

ABO Energy sells its Greek subsidiary to HELLENiQ ENERGY Holdings

ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
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Iberdrola announces a supplementary dividend of €0.409 per share for 2024 under the "Iberdrola Retribución Flexible" programme, bringing the total annual remuneration to €0.645 per share, representing a year-on-year increase of 15.6%.
The Abu Dhabi Fund for Development has granted AED752mn ($205mn) financing to the Gulf Interconnection Authority to connect the electricity grids of the United Arab Emirates and Saudi Arabia, enhancing regional energy exchange.

Westinghouse wins $180mn contract to assemble ITER experimental reactor

Westinghouse Electric Company signs a $180mn contract with ITER Organization to complete the final assembly of the vacuum vessel for ITER’s experimental nuclear fusion reactor, currently under construction in Cadarache, southern France.
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GE Vernova Hitachi Nuclear Energy and Fortum announce partnership aimed at preparing for the potential deployment of small modular reactors in Finland and Sweden, with commissioning scheduled for the 2030s.
Norwegian group DNO ASA signs gas offtake contract with ENGIE and secures USD 500 million financing from a major US bank to guarantee future revenues from its Norwegian gas production.

TGS wins strategic offshore wind contract in Norway

Energy company TGS has won a major high-resolution geophysical imaging contract for offshore wind site characterization in Norway, strengthening its position in this rapidly growing market.
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Curve Energy Corp. has formalized a non-disclosure agreement with Saudi Aramco Technologies, allowing confidential exchanges of information as part of potential technological collaborations in the global market for low-sulfur marine fuels.
Iberdrola Australia secures crucial approval from Australian authorities to begin metocean studies for its 3GW Aurora Green offshore project off the coast of Victoria, marking a decisive stage in its development.
Aker Solutions supplies an HVDC transmission system for an offshore wind project. The customer has not been disclosed yet.|Aker Solutions supplies an HVDC transmission system for an offshore wind project. The customer has not been disclosed yet.
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 prepares 1.5GW of wind power in New Jersey

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.
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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.
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 accelerates Helium Exploration

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.
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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.
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 Europe’s 1st wind farm

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.
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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.

Kom Omno Solar Park Enlarged by Amea Power

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.
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The Gwynt y Mor offshore wind farm, opened in 2015, is expanding. Renewables specialist RWE Renewables UK has announced one of its newest projects.
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.