Romanian Brazi Power Plant resumes operation after being shut down by the state
Romanian energy company OMV Petrom is majority owned by Austrian OMV. Its 860 MW, gas-fired Brazi Power Plant has resumed operation after being forced to close due to water restrictions in the Paltinu Dam, which it relies on. According to the company…
UK consumers face higher energy bills after regulator approves $37 billion grid upgrade
The British Energy Regulator has approved an investment of 28 billion pounds ($37.33 billion), over the next five-years, to ensure that the energy system is reliable and safe in the future. This is part of a plan to upgrade the energy…
Ukraine increases gas imports via Transbalkan route amid intensifying Russian strikes
Import data from transit operators shows that Ukraine will dramatically increase its gas imports via southern Transbalkan route, which links it to Greece on Friday in order to replace supplies lost because of Russian attacks. In recent months…
FTSE 100 closes at record high as financial and defence stocks surge
The FTSE 100 closed at a record high in Britain on Thursday. Gains in the financial and defence sectors fueled this, as investors assessed important economic data. The blue-chip index rose for the fourth day in a row, gaining 0.1%. The midcap index fell 0.2%.
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…
Malaysia PM pledges $10 billion for national grid upgrade
Anwar Ibrahim, Malaysia's Prime Minister, said that Tenaga Nasional had committed to upgrading the national grid infrastructure with 43 billion ringgit (about $10 billion). Anwar, who opened the Energy Asia Conference, said that…
Egypt stops fertilizer production after Israeli gas shortages increase energy strain
Industry sources report that Egyptian fertilizer producers had to stop operations Friday because of a decline in natural gas imported from Israel. After Israel's attacks on Iranian nuclear and missile facilities, they said that major Israeli gasfields had halted operations.
Moroccan utility ONEE awarded $340 million for energy transition
The European Investment Bank and the German state lender KfW have granted ONEE, the Moroccan water and electricity utility, a loan of 300 million euros ($340 millions) to support the integration of renewable energies into the national grid.
SSE Reduces Investment Plans by 15% Amidst Project Delays
British utility SSE on Wednesday cut its five-year investment plans by 15%, or 3 billion pounds ($4.04 billion), reflecting project delays, supply chain disruptions and also changes in the economic outlook.SSE, which has been pushing ahead towards green energy goals…
Utility SSE reduces investment plans by $4 Billion due to project delays
British utility SSE cut its investment plans for the next five years by 15% or 3 billion pounds (4,04 billion dollars) on Wednesday, due to project delays, disruptions in supply chains and changes in economic outlook. SSE has reduced…
National Grid Takes $402 Million Hit on Paused New York Wind Project
National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track to invest 60 billion pounds ($79.74 billion) in energy networks through March 2029 and its results beat estimates.Its shares rose 2% to 1…
RWE has ceased offshore wind activity in the United States
RWE's CEO stated in a speech draft published in advance of the annual general meeting that the company has temporarily halted its offshore wind activities in the United States due to the regulatory uncertainty caused by the Trump administration.
Israel urges the public to install solar panels on their roofs in order to generate electricity
Solar panels are being installed on roofs in Israel to harness the sun's power and help Israel meet its growing demand for electricity. Around 15% of Israel's electric production comes from renewable sources, while about 70% of it is natural gas.
European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.Former President Joe Biden supported the offshore wind industry…
Lagos, Nigeria seeks investors to build a 4,000-MW gas-fired electricity plant
Lagos, Nigeria's commercial hub, invited bids on Thursday for the construction of gas-fired power stations of up to 4,050 megawatts (MW) to fill a shortfall in the national grid. The city is hoping to put an end to years of blackouts which have affected businesses and homes.
Climate Investment Funds Board backs $1 billion Turkey grid upgrade project
Climate Investment Funds, a multilateral lender, has announced that it will provide an initial investment of $1 billion to support a plan to upgrade Turkey’s electricity grid to handle more renewable energy. The CIF board approved…
SSE UK delays completion of Dogger Bank A Wind Project to H2 2019.
SSE, the UK's largest power company and network operator, maintained its annual forecasts on Thursday. The completion date of the Dogger Bank A off-shore wind project was pushed to the second half 2025 instead of the first. SSE stated…
Grid operator: Dutch gas reserves must be 90% full before 25/26 winter.
The Netherlands must have its gas storages at 90% capacity by the beginning of winter 2025/2026 to avoid shortages in the event of a severe cold snap, Dutch national grid operator GTS announced on Monday. Why is it important? Due to the Russian invasion of Ukraine…
Ministry: Romania will launch CfD-based support scheme for green energies in mid-November
Romania will launch its first auction of onshore renewable energy projects by mid-November through a contract-for-difference (CfD) support scheme funded by the European Union, the energy ministry said on Monday. It said that the…
Energy Minister: Romania could connect 1373 MW of new power by 2024
Sebastian Burduja, Minister of Energy, said that Romania will be able to connect 1,373MW of new electricity to the national grid before year's end, with most of this coming from solar parks. The European Union state wants to reduce…