World Economic Forum

Danish group Vestas is expanding its blade plant in Poland and creating more than 300 jobs to supply turbines to Germany, the leading onshore wind market in Europe.
German steelmaker Thyssenkrupp plans to cut 11,000 jobs and reduce capacity by 25% as a condition to enable the sale of its steel division to India’s Jindal Steel.

Morecambe offshore wind project receives construction approval in the UK

The UK government has approved the development consent for the 480 MW Morecambe offshore wind farm, a project led by Copenhagen Infrastructure Partners and scheduled to enter construction in 2027.
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Infinity Power has started work on its 200 MW wind project in Ras Ghareb, strengthening its position in the African market with technical support from China's POWERCHINA Huadong.
Rolls-Royce SMR has expanded its partnership with ÚJV Řež to accelerate the deployment of small modular reactors, targeting the construction of several units in the Czech Republic and abroad.

Snam secures Africa-Europe axis with SoutH2 and Callisto backed by the EU

Snam strengthens its position in hydrogen and CO₂ infrastructure with EU-backed SoutH2 corridor and Ravenna hub, both included in the 2025 list of strategic priorities for the European Union.
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A partnership between the European Investment Bank and Crédit Agricole CIB aims to generate up to €8 billion in wind energy investments across the European Union through a bank guarantee mechanism.
Le producteur Hydrocop a levé €182mn en dette senior pour refinancer ses actifs et déployer un plan d’investissement de €35mn axé sur la modernisation et la flexibilité de ses installations hydroélectriques.

France: the Senate confirms the continuation of reduced taxation on Superethanol-E85

Parliament approved the removal of a proposed tax increase on Superethanol-E85, ensuring a continued favourable tax regime for motorists and the agricultural sector until 2026.
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The French Energy Regulatory Commission introduces a temporary prudential control on gas and electricity suppliers through a “guichet à blanc” opening in December, pending the transposition of European rules.
With a €600mn ($652mn) contribution, the European Investment Bank becomes the main lender of the BC-Wind offshore wind project developed by Ocean Winds off the Polish coast.

Baghdad invites US companies to replace Lukoil on West Qurna 2

The Iraqi government is inviting US oil companies to bid for control of the giant West Qurna 2 field, previously operated by Russian group Lukoil, now under US sanctions.
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The GPCU PB network, powered 95% by low-carbon sources, spans 13 km and serves 55 buildings, with total public and private funding of €22mn ($23.8mn).
Two tankers under the Gambian flag were attacked in the Black Sea near Turkish shores, prompting a firm response from President Recep Tayyip Erdogan on growing risks to regional energy transport.

India prepares to open its nuclear sector to private players

The Indian government aims to amend legislation to allow private companies to participate in civil nuclear development, a move positioned as critical to achieving the country’s long-term energy targets.
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The British producer continues to downsize its North Sea operations, citing an uncompetitive tax regime and a strategic shift towards jurisdictions offering greater regulatory stability.
The VVER-1200 nuclear reactor at Xudabao 4 in China has completed installation of its final passive water tank, marking the end of modular construction for the second phase of the project.

Dangote claims 100% of Nigerian petrol supply and demands priority access to crude

Dangote Refinery says it can fully meet Nigeria’s petrol demand from December, while requesting regulatory, fiscal and logistical support to ensure delivery.
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Ottawa and Edmonton commit to a nuclear production roadmap by 2050, through a memorandum of understanding also covering carbon capture and an Indigenous-led pipeline project.
Equans Process Solutions brings together its expertise to support highly technical industrial sectors with an integrated offer covering the entire project lifecycle in France and abroad.
West Holdings and Toshiba Energy Systems & Solutions will jointly develop turnkey services for solar power plants and large-scale battery storage, combining construction, grid management and production optimisation.
Symphonics enables photovoltaic operators to access RTE’s adjustment mechanism, offering new profitability in a context of slowdown in the solar sector in France.

Axpo commissions 200 MWp solar complex in northern Spain

Swiss group Axpo has completed a four-plant photovoltaic complex in León province, totalling 200 MWp of capacity, and is preparing its grid connection for early 2026.
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Swift Solar begins a strategic collaboration with Plenitude to test its tandem perovskite solar technology at industrial scale, targeting deployment in large-scale photovoltaic projects.
Sojitz plans to deliver a 44.2 MWDC solar plant in Wakayama by December 2027, funded outside the feed-in tariff scheme and aimed at direct power sale contracts.

US imposes 50% tariffs on Indian solar modules, disrupting export flows

US tariff measures shake up Indian solar module exports, exposing the industry to structural overcapacity risks and forcing New Delhi to redirect its industrial strategy.
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SolarX secures €15mn in senior debt from Afrigreen to refinance solar commercial assets in four francophone countries, consolidating Franco-European financial presence in a strategic and growing market.
STMicroelectronics has signed a 15-year agreement with solar producer TSE to supply 780 GWh of electricity to its French sites starting in 2027.

Pakistan forecasts solar surplus on grid in key industrial areas by 2026

The rise of residential solar in Pakistan could push some industrial regions into net-negative grid demand as early as next year, prompting a revision of tariffs and liquefied natural gas import contracts.
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Global floating solar capacity exceeded 1.8 GW in 2024, driven by utility-scale projects in China, India, Japan and Europe, with sustained growth expected through 2032.
Cypress Creek Renewables begins construction of the Hanson Solar project in Texas, backed by structured financing combining debt and equity, to support the ERCOT grid and supply Meta’s operations.

India’s solar industry enters critical phase of forced consolidation

Facing massive overcapacity, US tariff pressures and rapid technological change, India's solar module sector is preparing for major industrial restructuring dominated by a few integrated groups.
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Econergy has connected its 52MW solar project in Resko, Poland, to the grid, supported by a 19-year virtual power purchase agreement signed with Apple.
Green Growth and K2 Holdings begin converting a solar park to an FIP scheme, including battery installation, to improve profitability in a region heavily affected by production curtailment.

Arevon launches $200mn solar plant construction in Illinois

Arevon Energy has initiated construction of its first utility-scale solar project in Illinois, with a 124-megawatt capacity and $200mn in private investment to support U.S. energy demand.
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French renewable energy producer Neoen has signed an agreement with Plenitude to sell 52 assets totalling 760 MW of capacity on the French market.
A national tool led by ADEME lists agrivoltaic installations across France to support their regulatory oversight, as the sector sees rapid growth following the 2023 law.

VALOREM commits 500 hours of job inclusion on its solar park in Aveyron

The construction site of the future photovoltaic park in La Couvertoirade plans to hire four people in job inclusion, as part of a partnership between VALOREM and the Union Départementale des Structures d’Insertion par l’Activité Économique de l’Aveyron.
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Abraxas Power Corp. has launched land reclamation operations for Solar City, a 100-megawatt floating solar project in the Maldives, following environmental approval. The total zone investment exceeds USD187mn.
Alfa Solar and Astronergy Europe are partnering to build an integrated solar wafer and cell facility with 2.5 GW capacity in Balıkesir’s organised industrial zone.