Josu Jon Imaz

More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
Exxaro increases its energy portfolio in South Africa with new wind and solar assets to secure power supply for operations and expand its role in independent generation.

Plenitude acquires ACEA Energia for €587mn and accelerates European growth

Plenitude acquires full ownership of ACEA Energia for up to €587mn, adding 1.4 million customers to its portfolio and reaching its European commercial target ahead of schedule.
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ABB invests in UK-based start-up OctaiPipe to strengthen its smart energy-saving solutions for data centre infrastructure.
Enbridge has announced a 3% increase in its annual dividend for 2026 and expects steady revenue growth, with up to CAD20.8bn ($15.2bn) in EBITDA and CAD10bn ($7.3bn) in capital investment.

Axess Group signs strategic agreement with ARO Drilling in Saudi Arabia

Axess Group has signed a memorandum of understanding with ARO Drilling to deliver asset integrity management services across its fleet, integrating digital technologies to optimise operations.
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South African state utility Eskom expects a second consecutive year of profit, supported by tariff increases, lower debt levels and improved operations.
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.

Zenith Energy shifts focus between Tunisian arbitration and Italian solar assets

Zenith Energy centres its strategy on a $572.65mn ICSID claim against Tunisia, an Italian solar portfolio and uranium permits, amid financial strain and reliance on capital markets.
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Ivanhoe Mines expects a 67% increase in electricity consumption at its copper mine in DRC, supported by new hydroelectric, solar and imported supply sources.
Q ENERGY France and the Association of Rural Mayors of France have entered a strategic partnership to develop local electrification and support France's energy sovereignty through rural territories.

ACWA Power and Aramco secure $8.2bn financing for 15 GW renewable projects

ACWA Power, Badeel and SAPCO have secured $8.2bn in financing to develop seven solar and wind power plants with a combined capacity of 15 GW in Saudi Arabia, under the national programme overseen by the Ministry of Energy.
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Hydro-Québec reports a 29% increase in net income over nine months in 2025, supported by a profitable export strategy and financial gains from an asset sale.
Antin Infrastructure Partners is preparing to sell Idex in early 2026, with four North American funds competing for a strategic asset in the European district heating market.

EDF considers selling its US renewables to finance domestic nuclear programme

EDF could sell up to 100% of its US renewables unit, valued at nearly €4bn ($4.35bn), to focus on French nuclear projects amid rising debt and growing political uncertainty in the United States.
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Norsk Hydro plans to shut down five extrusion plants in Europe in 2026, impacting 730 employees, as part of a restructuring aimed at improving profitability in a pressured market.
The City of Paris has awarded Dalkia the concession for its urban heating network, a €15bn contract, ousting long-time operator Engie after a five-year process.

NU E Power finalises acquisition of 500 MW in assets and appoints new CEO

NU E Power Corp. completed the purchase of 500 MW in energy assets from ACT Mid Market Ltd. and appointed Broderick Gunning as Chief Executive Officer, marking a new strategic phase for the company.
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Commodities trader BB Energy has cut over a dozen jobs in Houston and will shift some administrative roles to Europe as part of a strategic reorganisation.
Ferrari has entered into an agreement with Shell for the supply of 650 GWh of renewable electricity until 2034, covering nearly half of the energy needs of its Maranello site.
Czech billionaire Daniel Kretinsky expands further into energy with a strategic investment in TotalEnergies, via his holding EPH, in exchange for assets valued at €5.1bn.
France’s competition authority fines TotalEnergies, Rubis and EG Retail over a cartel restricting access to Corsican oil depots, affecting the local fuel distribution market.

EDF and OpCore launch €4 billion data centre campus near Paris

EDF and OpCore are converting a former thermal power plant south-east of Paris into one of Europe’s largest data centre campuses, backed by a €4 billion ($4.31bn) investment and scheduled to begin service in 2027.
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Four companies completed a global series of secure remote additive manufacturing to locally produce certified parts for the oil and gas industry, marking a key industrial milestone for supply chain resilience.
BW Offshore and BW Group create BW Elara, a joint venture for floating desalination units, combining offshore engineering and water treatment to meet urgent freshwater needs.

Frontera splits operations to unlock asset value in Colombia

Frontera Energy will separate its oil and infrastructure operations in Colombia to create two independent entities with distinct strategies, with completion expected in the first half of 2026.
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TotalEnergies injects $100mn into Climate Investment’s Venture Strategy fund to accelerate the adoption of emissions reduction technologies within the oil industry under the OGDC framework.
Standard Lithium receives growing institutional backing in the United States to develop direct lithium extraction in Arkansas, a strategic area where the company positions itself against Exxon Mobil.

SBM Offshore raises 2025 forecast after 26% revenue surge

SBM Offshore reports year-to-date Directional revenue of $3.6bn, driven by Turnkey performance and the addition of three new FPSOs to its global fleet.
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The European Commission is developing a scheme mandating a minimum share of EU-made low-carbon steel in public procurement, alongside a post-safeguard trade regime and targeted energy support to sustain the continental steel industry.
Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.

IonQ partners with University of Chicago to build next-generation quantum platform

IonQ will deploy a quantum computer and entanglement distribution network at the University of Chicago, strengthening its technological presence within the Chicago Quantum Exchange and accelerating its product roadmap.
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Texas-based energy solutions provider VoltaGrid secures record mixed financing to expand its decentralised power generation portfolio, primarily targeting hyperscale data centres.
Kuwait's IMCC and Egypt's Maridive have formalised a joint venture based in Abu Dhabi to expand integrated offshore marine operations regionally and internationally.

Chevron strengthens post-Hess strategy and reassures markets on growth

In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.
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Facing surging computing needs, US tech leaders are hitting an energy wall that slows down data centre construction and revives demand for gas and coal.
NextNRG's monthly revenue reached $7.39mn in October, more than doubling year-over-year, driven by the expansion of its technology platforms and energy services across the United States.

Enbridge commits $3bn to new projects while maintaining 2025 guidance

The Canadian group posted record Q3 EBITDA, sanctioned $3bn worth of projects, and confirmed its full-year financial outlook despite a drop in net income.
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OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
Duke Energy is set to release its third-quarter results on November 7, with earnings forecasts pointing upward, supported by strong electricity demand, new rate structures and infrastructure investments.