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Electrical network

Nexans installs record-breaking 2,150-metre deep power cable in Italy
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.
NKT selected as preferred bidder for power cable project between Scotland and England
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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Brazil invests to connect Roraima to its national power grid
Roraima, the last state not connected to Brazil’s national grid, has been linked through a publicly funded project launched over 14 years ago.
European Union targets eight bottlenecks to secure its power grid
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 operators warn of saturation in national power grid
Spanish electricity companies call for urgent reinforcement of investments after finding more than 80% of the transmission grid is saturated.
EDF secures €500mn to upgrade Enedis’ power interconnections
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 injects $1bn into transformer manufacturing to strengthen US grid interconnection
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.
Bernard Gustin takes chairmanship of expanded 50Hertz supervisory board
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 invests $122 million in Meyer substation to strengthen interconnection
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.
Morocco faces Russian and European dilemma over cybersecurity of its interconnections
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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JCP&L invests $15.4M in modernising Hunterdon County’s electric grid
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.
The global microgrid market is expected to reach $116.5bn by 2032
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.

Taihan secures $80.2M contract for 400 kV network in Singapore

Taihan strengthens its presence in Singapore with a fifth consecutive contract for a 400 kV underground network, as part of a power interconnection project with Indonesia.
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Australia: Marinus Link receives federal approval for a 1,500 MW submarine cable
The 1,500 MW Marinus Link project has received federal environmental approval, launching a major new submarine interconnector between Tasmania and Victoria.
Google and Indiana Michigan Power agree to integrate energy flexibility in Fort Wayne
Indiana Michigan Power and Google sign a contract to establish flexible management of electricity demand, aiming to support network stability amid industrial and digital growth in the Fort Wayne region.
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Washington approves $130mn project to connect Moldova’s grid to Europe
Ukraine seeks $1bn to secure gas reserves ahead of winter
Poland urges European Union to end Russian oil imports by 2026
Morgan Stanley merges energy and utilities teams into new global group
US crude oil stocks rise by 3.9 million barrels
Zambia launches $270mn power interconnection project with DRC
Zambia has approved the construction of a 200 km high-voltage line to DRC to diversify its electricity supply and boost regional trade.
Guinea-Bissau connects to the sub-regional power grid to strengthen its supply
Guinea-Bissau has completed its connection to the sub-regional power grid linking Senegal, The Gambia and Guinea, thereby improving the stability of its capital's electricity supply.

European Union delays climate commitments amid political tensions

The European Union postpones the launch of negotiations on its 2040 climate target amid internal deadlocks and mounting geopolitical pressure.
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Ormat Technologies Signs Tolling Agreements for Two Energy Storage Facilities in Israel
Ormat Technologies has signed tolling agreements for two new energy storage facilities in Israel, further strengthening its diversification and resilience in the energy sector.
Ecoplanta: Repsol’s Project Reaches Key Milestone for Methanol Production from Waste
Repsol has approved the final investment decision for the Ecoplanta project in Spain. This innovative project, utilizing Enerkem's technology, aims to convert non-recyclable municipal waste into methanol, marking a step towards industrial decarbonization.

France: the CRE warns about negative electricity prices, €80 million losses in 2024

The French Energy Regulatory Commission (CRE) issues recommendations to reduce economic losses caused by negative electricity prices, a growing phenomenon in 2024 resulting from an oversupply of electricity compared to demand.
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Northvolt bankruptcy: A European battery giant falters
Under the weight of colossal debt, Northvolt seeks protection under the U.S. Chapter 11 law. The departure of CEO Peter Carlsson marks a critical turning point for the company, once a European flagship in the battery industry.
Africa Redefines Its Refining Future: Opportunities and Challenges Amid Global Competition
Despite pressure on refining margins, Africa is accelerating refinery projects to meet growing demand and enhance energy security, while facing competition from global giants.

Petrobras and Vale Commit to Industrial Decarbonization in Brazil

A major agreement between Petrobras and Vale marks a significant advancement in the decarbonization efforts of Brazil's energy and mining sectors, with the supply of renewable content diesel intended for heavy vehicle fleets.
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France Publishes Offshore Wind Deployment Map by 2035 and 2050
The French government unveils its strategy to increase offshore wind capacity, targeting 18 GW by 2035 and 45 GW by 2050, through an ambitious call for tenders covering all maritime fronts.
Economics of Shale Projects: Rising Costs of Oil Production
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.

Avjet Holding fined 200,000 dollars for oil spill in Quebec

Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.
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TotalEnergies Invests USD 10.5 Billion in Suriname’s First Offshore Oil Project
TotalEnergies, in partnership with APA Corporation, has confirmed a USD 10.5 billion investment to develop Block 58 off the coast of Suriname. The project aims to exploit the oil resources from the Sapakara and Krabdagu fields, with reserves estimated at over 750 million barrels. The fields, located 150 kilometers offshore, will be developed using a Floating Production Storage and Offloading (FPSO) unit capable of processing up to 220,000 barrels per day.
OPEC cuts demand forecasts in the face of rising rival production
OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.

Chaberton Energy starts 2.9 MW solar project in Howard County

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Uganda: 21 activists arrested during a march against the EACOP project
In Uganda, 21 activists were arrested in Kampala for protesting against the EACOP oil project, backed by international players, highlighting the economic and geopolitical tensions surrounding this initiative.
Georgia launches its first refinery to secure its energy supply
Georgia begins construction of its first oil refinery at Kulevi, with the aim of reducing its dependence on Russian imports and strengthening its energy autonomy.

Masdar and TotalEnergies launch green hydrogen SAF project

Masdar and TotalEnergies are collaborating to transform green hydrogen into methanol and sustainable aviation fuel (SAF) in Abu Dhabi, aiming to decarbonize the aviation and shipping sectors.
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Zambia turns to South Africa and Zimbabwe for electricity
Zambia will import 200 MW of electricity from South Africa and Zimbabwe to compensate for severe power cuts caused by prolonged drought.
EDF inaugurates CEME 1, Chile’s largest solar power plant
EDF and Generadora Metropolitana launch CEME 1, a 480 MW solar power plant in the Atacama desert, to supply 500,000 homes.
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