Yushan Energy

Faced with a climate- and geopolitically-constrained winter, Beijing announces expected record demand for electricity and gas, placing coal, LNG and UHV grids at the centre of a national energy stress test.
Faced with oversupply risks and Russian sanctions, OPEC+ stabilises volumes while preparing a structural redistribution of quotas by 2027, intensifying tensions between producers with unequal capacities.

Iraq launches joint investigation after drone attack on strategic Khor Mor gas site

The Iraqi government and Kurdish authorities have launched an investigation into the drone attack targeting the Khor Mor gas field, which halted production and caused widespread electricity outages.
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Bishkek plans to host a RITM-200N small modular reactor supplied by Rosatom to address electricity shortages and deepen energy ties with Moscow, despite the risks posed by Western sanctions.
The United Kingdom is replacing its exceptional tax with a permanent price mechanism, maintaining one of the world’s highest fiscal pressures and reshaping the North Sea’s investment attractiveness for oil and gas operators.

A €15mn solar farm and organic dairy project launched in Loiret

Loiret Energie and Terres d’Energie Développement will invest €15mn in a 31.5-hectare agrivoltaic farm in La Ferté Saint-Aubin, combining electricity production and organic cattle farming.
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Waga Energy has secured $180mn in senior debt over four years to develop its biomethane project portfolio at landfill sites in the United States.
Pakistan confirms its exit from domestic fuel oil with over 1.4 Mt exported in 2025, transforming its refineries into export platforms as Asia faces a structural surplus of high- and low-sulphur fuel oil.

PetroChina invests $5.43bn to integrate 11 Gm³ of strategic gas storage with PipeChina

PetroChina internalises three major gas storage sites through two joint ventures with PipeChina, representing 11 Gm³ of capacity, in a CNY40.02bn ($5.43bn) deal consolidating control over its domestic gas network.
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The FAST project enters its engineering phase in Japan, mobilising an industrial consortium led by Starlight Engine and Kyoto Fusioneering to establish a public-private fusion sector based on the deuterium-tritium cycle.
Canadian Solar Infrastructure Fund makes its first acquisition outside the FIT scheme with a 1.1 MW solar plant in Tsukuba, valued at ¥253.5mn ($1.7mn), under a corporate PPA agreement.

Brazil uses money laundering case to pressure Washington

Brasília links a major tax fraud investigation to talks with Washington, combining demands for financial transparency with negotiations over U.S. access to Brazilian rare earths.
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Ahead of Thanksgiving, average gasoline prices in the US remain close to 2024 levels, supported by falling crude prices, despite a significant increase in expected road traffic.
The Canadian government introduces major legislative changes to the Energy Efficiency Act to support its national strategy and adapt to the realities of digital commerce.

Quebec maintains sole carbon price at the pump despite federal tax repeal

Quebec becomes the only Canadian province where a carbon price still applies directly to fuels, as Ottawa eliminated the public-facing carbon tax in April 2025.
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The Niigata prefectural assembly will vote on the restart of Unit 6, potentially marking TEPCO’s first reactor relaunch since the 2011 Fukushima disaster.
The new Vunumoya station, built for over $58mn in 18 months, marks a strategic step toward integrating 900 MW of renewable energy in the mining region of Mpumalanga.

Sunsure Energy signs long-term solar agreement with Bisleri in India

The agreement will enable Bisleri to meet 48% of the electricity needs at its Sahibabad site through solar power supplied by Sunsure, cutting annual CO₂ emissions by nearly 2,700 tons.
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AMPYR Australia and InCommodities have signed a 15-year partnership for the Bulabul BESS project, marking the Danish trader’s first long-term commitment in the Australian energy storage market.
Vikram Solar has commissioned a new 5 GW automated plant in Vallam, Tamil Nadu, raising its total capacity to 9.5 GW and marking a key milestone in its industrial expansion strategy in India.
A strategic report reveals the industrial and energy potential of Allseas’ offshore small modular reactor, which could create up to 40,000 jobs and reduce investment in the power grid.
Niigata’s governor is expected to approve the restart of one reactor at the Kashiwazaki-Kariwa plant, inactive since the Fukushima accident, reviving a strategic asset for Japan’s energy sector.

Aecon partners with Norsk Kjernekraft to develop SMRs in Norway

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.
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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.
The French Court of Auditors values EDF’s grand carénage at over €100bn, while EPR2 reactors already exceed €67–75bn. The State simultaneously directs regulation, financing, and industrial strategy, raising the risk of conflict of interest.

Belarus launches new public investment in a third nuclear reactor

Belarus commits major public investment to add a third reactor at the Ostrovets plant and initiates studies for a second nuclear site to support national energy demand.
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Framatome’s accident-tolerant fuel prototype has completed a second 24-month cycle in a commercial nuclear reactor in the United States, paving the way for a third phase of industrial testing.
The Wylfa site in Wales will host three Rolls-Royce small modular reactors from 2026, marking a strategic investment in the UK’s nuclear expansion.

Flamanville 3 reaches 80% power output ahead of extended 2026 shutdown

EDF confirmed that the Flamanville EPR has reached a major milestone, while planning a nearly year-long shutdown in 2026 for extensive regulatory inspections and key component replacement.
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EDF is opening access to its long-term nuclear supply contracts to companies consuming more than 7 GWh per year, an adjustment driven by the gradual end of the Arenh mechanism.
South Korean authorities have approved the continued operation of the Kori 2 reactor for an additional eight years, marking a key milestone in the national nuclear strategy.

Brazil launches BRL50mn microreactor project for 5 MW capacity

A public-private consortium is developing a 5 MW thermal microreactor designed to operate without refuelling for ten years, marking a strategic step in Brazil's nuclear innovation efforts.
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EDF has announced that the Flamanville EPR reactor is now operating at 80% of its capacity. The target of reaching full output by the end of autumn remains confirmed by the utility.
The accelerated approval of the Aurora facility’s nuclear safety plan marks a strategic milestone in rebuilding a domestic nuclear fuel production line in the United States.

Industrikraft takes 20% stake in Videberg Kraft to support Ringhals nuclear project

The Industrikraft consortium will invest SEK400mn ($42.2mn) to become a shareholder in Videberg Kraft, marking a new phase in Sweden’s nuclear project led by Vattenfall on the Värö Peninsula.
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MVM Group has signed an agreement with Westinghouse to secure VVER-440 fuel supplies from 2028, reducing its reliance on Russia and strengthening nuclear cooperation between Budapest and Washington.
The delivery of nuclear fuel by Russian subsidiary TVEL to the Da Lat research reactor marks a key step in strengthening the nuclear commercial partnership between Moscow and Hanoi.

X-energy signs $40mn agreement with Toyo Tanso for initial Xe-100 reactors

US supplier X-energy has formalised a graphite supply contract with Japan's Toyo Tanso for the construction of its first four small modular reactors, in partnership with Dow and backed by the US Department of Energy.
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US-based Enveniam has signed an agreement with LIS Technologies Inc. to oversee the design and construction of a new laser-based uranium enrichment facility on American soil.
Faced with shorter approval timelines, several European nuclear firms, including Newcleo, Orano and Urenco, are considering relocating key industrial investments to the United States.