Maguire: Clean energy push in Australia reaches pivotal milestone for energy transition
Last month, Australian utilities produced more electricity using clean energy sources than fossil fuels. This was a first for one of the top coal and natural gas exporters in the world. Data from the energy think tank Ember show that in October, utility-supplied electricity from clean sources reached 9.88 terawatts hours (TWh), which was higher than the 9.82 TWh produced by fossil fuels.
DTE Energy increases its five-year budget by 22% for data center power
DTE Energy, a Midwest-based electric utility in the United States, raised its five year capital investment plan on Thursday by $6.5 billion from $36.5 billion. This was due to the growing demand for electricity by data centers as well as efforts to modernize their power infrastructure. U.S power demand hit records in 2025 and is…
Spot prices plunge as German wind floods supply
European power prices dropped sharply on Wednesday, as forecasts of a doubled German wind generation in the next day's time outweighed slight increases in demand. Also, French nuclear availability was tighter. "Wind energy production is increasing not only in Germany, but also throughout the Central West Europe region, reducing significantly the residual load average," said LSEG Analyst Naser Hashemi.
Oil executives warn of increased costs due to Trump's tariffs
Two oil executives warned this week about the impact of tariffs on the cost of energy production and investment decisions. TotalEnergies' CEO Patrick Pouyanne said at the Energy Intelligence Forum held in London on February 2 that tariffs on metals were driving up costs for LNG projects. Trump signed a proclamation in June that increased tariffs on imports of steel and aluminum to 50%.
South Africa coal heartland is home to a small solar city
Even though the locals are coughing up grey smog, coal keeps them at work, heats their homes during winter, and cooks dinner. Now, however, things are slowly beginning to change. South Africa, one of the largest coal exporters in the world, has launched a plan that will wean itself off coal pollution and embrace green industries to create jobs.
Sources say that India is considering a nuclear liability fund to cover major accidents.
Two government sources have confirmed that India is planning to create a nuclear liability funds to cover accident payments in excess of 15 billion rupies ($169 million), owed by plant owners. This will ease concerns about risk sharing among global suppliers and companies. Sources with direct knowledge of the issue said that the…
French Protest Boosted by Wind Production Slump
On Wednesday, the French spot electricity rate for Thursday increased amid lower expectations of wind generation in the entire region. French baseload day-ahead rose by 90% to 38 Euros per megawatt hour (MWh), as of 0819 GMT. The German baseload day-ahead was not traded. The contract was closed at 66.25 euro/MWh on Tuesday. According to LSEG data…
EUROPE GAS-Prices Firm on Technical Support, Lower Wind
Dutch and British wholesale prices of gas rose on Monday morning due to technical trading and lower renewable energy output. LSEG data revealed that the benchmark Dutch front-month contracts - now for October – at the TTF hub were up 0.34 Euros at 32.00 Euros per megawatt-hour (MWh) or $11.00/mmBtu by 0842 GMT. The contract for November increased by 0.66 euros to 33.08 euro/MWh.
Iraqis are turning to solar power on farmland and rooftops as the country's electricity grid fails
Abdallah al-Ali, a wheat farmer in Iraq, is one of many farmers who have switched to solar panels for their irrigation systems to run during the scorching heat of summer. Iraq, a member of the Organization of Petroleum Exporting Countries and one of the largest oil producers in the world, has struggled with providing energy to its citizens since the 2003 U.S. invasion which toppled Saddam Hussein.
UN chief calls on tech industry to use renewable energy for data centers
U.N. Secretary-General Antonio Guterres called on tech companies on Tuesday to power data centers using 100% renewable energy by the year 2030. This is despite the fact that the industry has been turning to coal and gas fired power plants in order to meet the surge in demand. The Secretary General argued that data centers are energy-hungry and should be redirected to a future of renewable energy.
SAEL, an Indian company that invests in clean energy, will invest $954 million dollars to build a solar manufacturing facility
The Indian renewable energy company SAEL Industries Ltd announced on Monday that it will invest 82 billion rupies ($954.04million) in order to build an integrated solar cell-and-module manufacturing facility capable of producing 5 gigawatts (GW) per year. The plant in Greater Noida, one of the biggest investments in solar manufacturing in India to date…
EIA: US oil production will be lower than expected in 2025 due to falling prices
Energy Information Administration's monthly report on Tuesday predicted that the U.S. would produce less oil by 2025 than originally expected, as lower oil prices have caused U.S. producers this year to reduce their activity. In its report on short-term energy forecast, the EIA stated that it expects to see 13.37 million barrels of oil per day produced by the world's biggest oil producer in 2025.
Polish Parliament approves liberalisation in wind farm regulations
The Polish Parliament approved legislation that eases rules for building onshore wind farms. According to the government, this is an important step in boosting renewable energy production and lowering electricity prices. In a vote held late Wednesday night, the rules reduced the distance between planned installations, and residential areas…
Polish President says that the government is trying to force him into signing wind farm laws
The government is trying to get the Polish president Andrzej duda to sign a law that will make it easier for wind farms to be built. This was done by adding a last minute amendment to legislation freezing power prices. The current liberal government has made a promise to boost renewable energy production after the conservative administration…
Mauritius is looking for investors to build a floating power plant in order to meet the energy needs
Mauritius has issued a tender inviting international investors to build and operate a floating energy plant to meet the island's growing energy demands. A request for proposals, seen on Tuesday, showed that the proposed plant would run on heavy fuel. Patrick Assirvaden, Minister of Public Utilities in Mauritius, told the lawmakers…
Ares buys 20 percent of Plenitude from Eni for $2.3 billion
Italian energy group Eni sold a 20 percent stake in its renewables and retail business Plenitude, to U.S. alternative investments manager Ares Management Corp. for approximately 2 billion euros ($2.3billion), the company announced on Monday. The deal is part of an Italian group's strategy to develop its business with partners.
South Carolina's Republican Governor asks that Trump's offshore drilling plan exclude South Carolina
The Republican Governor of South Carolina appealed Monday to the Trump Administration to exclude his state from an impending plan for offshore oil and natural gas production. The letter was sent as the Administration wrapped up a 45 day request for public input on a federal offshore leasing program. This could include new zones, such as in the Arctic or elsewhere, to maximize domestic energy production.
EPA wants to give Texas the authority to supervise CO2 injection permits
U.S. Environmental Protection Agency proposed Monday to approve Texas' application for its own permitting of projects to inject underground carbon dioxide, a step long sought after by the state's regulators as well as oil and gas firms with projects in development. EPA Administrator Lee Zeldin stated that Texas was best positioned to protect drinking water from contamination…
Metal industry group claims that new EU State Aid rules do not help
A metals industry group wrote a letter to the European Commission on Friday, saying that plans to overhaul state aid rules ignore heavy industry, which is critical for processing energy transition metals. They fail to mitigate energy costs, while green rules may penalise them. After a public hearing on its proposal from February, the Commission will announce new rules for state aid on 26 June.
Where is the money that the EU promised to workers in order to go green
The latest data available from the European Commission shows that the EU member states spent only EUR735 millions ($840 million US), the total amount of the fund, between March 2021 and March 2025. The Just Transition Fund is failing to provide adequate assistance for workers who are out of work, said Ciaran Mulooly. He was investigating the performance of the fund as a reporteur.