VUK

TotalEnergies has completed the sale of a minority stake in a Malaysian offshore gas block to PTTEP, while retaining its operator role and a majority share.
German manufacturer Nordex has secured an order for 34 turbines for a 200 MW project in the Canadian province of New Brunswick, marking its first entry into this region.

Enviromena’s 40MW solar project approved despite local opposition

Enviromena secured approval for its Fillongley solar farm after a local council’s refusal was overturned, despite conflicts of interest tied to public funds used to oppose the project.
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OX2 has started construction on three new onshore wind farms in Finland, bringing its total installed capacity in the country to 750 MW, a record level for a private energy sector player.
Samsung C&T strengthens its presence in modular nuclear energy in Europe by signing an agreement with Synthos Green Energy to develop up to 24 SMRs in Poland and several Central European countries.

Ember: Emerging markets reshape the global race for electric vehicles

Driven by Southeast Asia, the global share of electric vehicles exceeds 25% of new car sales in 2025, with emerging countries now leading global markets, according to Ember and other sector sources.
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According to Wood Mackenzie, the global solar inverter market will face two consecutive years of contraction after record shipments in 2024, driven by regulatory tensions in China, Europe and the United States.
HASI and KKR strengthen their strategic partnership with an additional $1bn allocation to CarbonCount Holdings 1, bringing the vehicle’s total investment capacity to nearly $5bn.

Akuo begins construction of 200 MWh storage facility in New Caledonia

Akuo launches a large-scale electricity storage project in Boulouparis, with a 200 MWh capacity, to support New Caledonia’s grid stability and reinforce the integration of renewable energies.
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The European Union will apply its methane emissions rules more flexibly to secure liquefied natural gas supplies from 2027.
Venezuela has ended all energy cooperation with Trinidad and Tobago after the seizure of an oil tanker carrying crude by the United States, accusing the archipelago of participating in the military operation in the Caribbean.

EDF could sell Edison and its US renewables assets

EDF is considering selling some of its subsidiaries, including Edison and its renewables activities in the United States, to strengthen its financial capacity as a €5bn ($5.43bn) savings plan is underway.
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The Kenyan government has secured $311mn to construct two high-voltage transmission lines, aiming to meet growing demand and reduce losses across the national power grid.
Spain’s Solarig is allocating $415mn to build more than 20 biomethane units in Poland through its subsidiary Biorig, with an annual production target equivalent to the consumption of 400,000 households.

GASCADE commissions 400 kilometres of hydrogen network in Germany

Operator GASCADE has converted 400 kilometres of gas pipelines into a strategic hydrogen corridor between the Baltic Sea and Saxony-Anhalt, now operational.
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The UK government has assigned a GBP135mn ($180mn) budget for solar energy in its seventh CfD auction round, aiming to support up to 4 GW of installed capacity.
Italian group Enel has acquired two onshore wind farms in Germany for an enterprise value of €80mn ($86.5mn), strengthening its presence in a stable and strategic market as part of a targeted asset transfer.

Qair secures inaugural €240 million syndicated loan with ten international banks

French group Qair secures a structured €240 million loan to consolidate debt and strengthen liquidity, with participation from ten leading financial institutions.
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Spie and Tesla have signed a framework agreement to install battery electricity storage systems in Europe, focusing on France, Poland and Germany.
Israeli firm nT-Tao and Ben-Gurion University have developed a nonlinear control system that improves energy stability in fusion plasmas, strengthening the technical foundation of their future compact reactors.
Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.
The Japanese group TDK’s venture capital fund supports Ultraviolette, an Indian electric motorcycle manufacturer, to help it scale up in a domestic market estimated at over $50 billion within ten years.

U Power secures agreement to deploy 300 battery-swapping electric vehicles in Hong Kong

U Power announces the signing of a letter of intent to supply 300 battery-swapping compatible electric vehicles in partnership with a Hong Kong-based technology manufacturer, marking a major milestone for intelligent commercial mobility.
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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.
TotalEnergies holds 23% of the high-power charging market on French motorways, according to data published by Gireve, with more than 1,800 active points across 265 service stations.

London reinstates grants to accelerate electric-vehicle adoption

The British government is mobilising USD845mn to subsidise electric-car purchases, easing pressure on an industry hit by US tariffs and preparing for the 2030 ban on internal-combustion engines.
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Octopus Energy’s Electroverse platform surpasses one million public electric vehicle charging points, strengthening its international presence with a subscription-free model available in 40 countries through a single payment card.
Belgian marine constructor DEME floated its second giant wind-turbine installation vessel, Norse Energi, at China’s CIMC Raffles yard, a key step in an investment programme aimed at meeting growing offshore lifting demand.

Arctic Shipping Route: Commercial Opportunities and Technological Challenges for the Naval Sector

The Northern Sea Route attracts businesses due to its logistical speed but presents significant technological challenges for the naval industry, especially in designing vessels adapted to extreme Arctic conditions.
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The U.S. Department of Transportation is withdrawing strict fuel economy standards adopted under Biden, citing overreach in legal authority regarding the integration of electric vehicles into regulatory calculations for automakers.
The Indian Renewable Energy Development Agency is pursuing Gensol for a total default of over Rs 7.28 billion ($90.91mn), now targeting its electric vehicle leasing business.

IEA lowers forecast on oil impact from electric vehicles by 2030

The International Energy Agency expects electric vehicles to cut oil demand by 5 million barrels per day by 2030, down from a previous estimate of 6 million, citing economic and trade uncertainties.
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Adani Enterprises has launched a hydrogen-powered truck at a public mine in Chhattisgarh, marking a first in India for heavy transport in the mining sector.
Shipbuilder Incat has unveiled a 130-metre electric catamaran designed for Buquebus, intended to connect Montevideo to Buenos Aires with a capacity of 2,100 passengers.

Ferrari unveils the 296 Speciale, its most powerful hybrid berlinetta to date

Ferrari unveiled on April 29 the 296 Speciale, a lighter and optimised version of the 296 GTB, featuring an 880 hp hybrid powertrain and aerodynamic innovations inspired by racing.
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As electric vehicles now account for more than half of new registrations in China, domestic gasoline demand is showing tangible signs of slowing down, raising significant strategic questions for refiners, according to the Oxford Institute for Energy Studies.
Sanef, Engie and Ceva Logistics have launched in France a first corridor for electric trucks, structured like modern postal relays, aiming to improve the efficiency of long-distance transport.

Tesla sales drop by 36% in the EU in March

Tesla sales saw a significant drop in March, with a 36% decrease compared to the previous year, according to data from the European Automobile Manufacturers Association. The brand faces increased competition and the consequences of its image.
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Tesla reported a sharp decline in its quarterly results, driven by weakened demand and an increasingly divisive political stance from CEO Elon Musk.
Elon Musk will partially step back from his role in Donald Trump’s government commission to focus on Tesla, which has been impacted by declining quarterly results and tensions in several markets.