Public Investment

Elcogen opens a 14,000 m² facility near Tallinn, increasing annual capacity to 360 MW for Solid Oxide fuel cells and electrolysers, with backing from Baker Hughes and HD Hyundai.
Acciona Energía has completed the commissioning of its largest plant in India, a 412MWp solar facility capable of powering 840,000 households annually.

Australian port congestion reshapes coal flows to South Korea

Russia and Indonesia overtook Australia as South Korea's top thermal coal suppliers in August, driven by lower prices and more reliable logistics amid persistent Australian shipment delays.
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Eskom must restart the entire administrative process for its Richards Bay gas plant after South Africa’s Supreme Court cancelled its permit, citing insufficient public consultation.
The Canadian government grants $55mn funding to Hydrostor to support the development of its 200 MW Silver City storage project in New South Wales.

QatarEnergy and TotalEnergies launch final phase of major gas project in Iraq

QatarEnergy, TotalEnergies and Basra Oil Company begin construction of the final infrastructure components of Iraq’s integrated gas project, mobilising more than $13bn in investments to modernise the country’s energy supply.
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Sion Power has developed a vacuum deposition technology enabling the production of ultra-thin lithium-metal anodes, doubling cell life and allowing large-scale industrial manufacturing.
Macquarie Asset Management has granted $350mn in financing to Nexamp to accelerate the development of large-scale solar and battery storage projects across the U.S.

Independent producers generated $563bn in US GDP in 2024

A study reveals that independent oil and gas producers supported over 3.1 million jobs and generated $129bn in taxes, representing 87% of the US upstream sector’s economic contributions.
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Gibson Energy has received approval from the Toronto Stock Exchange to extend its normal course issuer bid, covering up to 7.5% of the public float over a one-year period starting 18 September.
Texas-based utility CPS Energy acquires four natural gas power plants from ProEnergy for $1.39bn, strengthening its footprint in the ERCOT market with operational dual-fuel infrastructure.

Singapore commits $55.6 million to forest carbon credits in Latin America and Africa

The Singaporean government has signed a contract to purchase 2.17 million mtCO2e of carbon credits from REDD+, reforestation and grassland restoration projects, with deliveries scheduled between 2026 and 2030.
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Petróleos Mexicanos received offers surpassing the $9.9bn cap set for its debt repurchase programme, resulting in oversubscription during the initial phase of the operation.
Terra Innovatum has signed a memorandum of understanding with Conuar for the supply of key components for the industrial production of its SOLO micro-modular reactor, marking a strategic move into the South American market.

enCore Energy secures key federal ruling for Dewey Burdock uranium project

Validation of underground injection permits by the U.S. Environmental Protection Agency strengthens Dewey Burdock’s regulatory position and paves the way for state permitting expected in 2025.
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GATE Energy has been appointed to deliver full commissioning services for bp’s Kaskida floating production unit, developed in partnership with Seatrium in the deepwater Gulf of Mexico.
The Peruvian power producer completed a cash tender offer for its 5.625% senior notes, reaching a participation rate of 68.39% at the close of the operation.

Three groups launch Taqa to produce solar energy locally in Ramallah

Three economic institutions based in Ramallah have founded a company named Taqa to develop renewable energy production in the region, with no connection to the Emirati company of the same name.
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The solar photovoltaic installers sector will grow by 15 % annually through 2030, driven by residential demand, public incentives and increasing integration into urban projects.
MCF Energy has completed drilling of the Kinsau-1A well in Bavaria at 3,310 metres, reaching its geological targets with hydrocarbon presence, reaffirming the company’s commitment to its European gas projects.
Sunrun completed its fifth securitization deal of 2025, bringing non-recourse debt raised in the third quarter to over $1.5bn.
Canadian crude shipments from the Pacific Coast reached 13.7 million barrels in August, driven by a notable increase in deliveries to China and a drop in flows to the US Gulf Coast.

Oil and gas to remain dominant in global energy mix through 2050

Faced with rising global electricity demand, energy sector leaders are backing an "all-of-the-above" strategy, with oil and gas still expected to supply 50% of global needs by 2050.
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Argentina aims to boost gas sales to Brazil by 2030, but high transit fees imposed by Bolivia require significant public investment to secure alternative routes.
With 816 MW of capacity and 140 turbines, Colbún’s Horizonte wind farm launched its commercial phase in early September after a gradual deployment over several months.

Colbún buys back 53% of its 2027 notes for $266mn

Chilean power producer Colbún has completed its cash tender offer for 3.950% notes due 2027, repurchasing more than half of the outstanding amount for a total of $266mn.
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A strategic partnership between the United Kingdom and the United States aims to shorten nuclear licensing timelines and strengthen industrial cooperation around fusion and modular reactors.
VSB Germany is developing over 800 megawatts of wind, solar, and storage projects, with 20% originating from repowering, confirming an investment strategy focused on optimising existing assets.

UK sanctions 70 tankers to reinforce Russian oil price cap

London has expanded its sanctions against Russia by blacklisting 70 new tankers, striking at the core of Moscow's energy exports and budget revenues.
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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.
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.

IAEA revises nuclear growth forecasts upward through 2050

The International Atomic Energy Agency projects global nuclear capacity to reach 992 GW by 2050, driven by small modular reactors and lifetime extensions of existing plants.
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Danish group Ørsted will raise new funds through a rights issue to strengthen its financial structure and cover needs linked to the full ownership of the Sunrise Wind project.
The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.

Nigeria and Libya study 3,300 km gas pipeline to connect to Europe

Nigeria and Libya have initiated technical discussions on a new pipeline project to transport Nigerian gas to Europe through the Mediterranean network.
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Iraq is negotiating with Oman to build a pipeline linking Basrah to Omani shores to reduce its dependence on the Strait of Hormuz and stabilise crude exports to Asia.
Odyssey Energy Solutions secures $7.5 million from British International Investment to support access to solar equipment under Nigeria’s DARES programme.

Two consortia submit applications for Utsira Nord floating wind tender

Norway has received two bids for offshore sites in the Utsira Nord zone, marking a key step in the country’s floating wind development.
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The Cameroonian government launches the extension of two solar plants in the Far North, increasing their combined capacity to 64.4 MWp, with support from international investors.
Statkraft has signed an agreement to sell solar and wind assets in India to Serentica Renewables, marking a strategic refocus on Europe and South America.