Sources: EDF continues to sell Edison shares despite Italian energy decree
Three sources familiar with the matter said that France's EDF was moving forward with a possible listing or a sale of a?stake?in Italian company Edison despite the regulatory uncertainty brought on by Italy's new?energy sector decree. Sources, who asked not to be identified because the discussions are private, said that the French nuclear group had dispelled any doubts about the Italian decree intended to reduce energy bills forcing EDF's plans. Edison CEO Nicola Monti had said that the?decree might jeopardize EDF's plans to build the unit. Monti said, "Unfortunately...
Acciona Energia cuts dividends, targets disposals to protect credit ratings
Acciona Energia, the Spanish renewable energy company, announced late Thursday that it would reduce dividends and investments to save its credit rating. It also hoped to generate around 2 billion euro ($2.36 billion), from asset sales, as well as reduce a portion of a debt. Acciona Energia is owned by the Spanish company Acciona SA, with a stake greater than 90%. The strategic goal of Acciona Energia has been to strengthen its balance sheet and maintain investment grade ratings. In recent years it has changed its course after years of significant investment, by reducing capital spending and selling renewables assets.
Fugro reports year-loss due to challenges in renewables
Dutch geological data specialist Fugro reported on Friday a loss of 21 million euros ($25 million), reflecting the challenges faced by the offshore wind industry, and announced that its finance chief will step down in April. The Amsterdam-listed firm's revenue was 1.85 billion euro, which is 427 millions less than it was in 2024. Of this, 380 million euro were attributable the the slowdown on the renewables markets. Fugro, which provides geotechnical and survey services as well as subsea, geosciences, and geosciences, has been hit by a decline in offshore wind customers after President Donald Trump put the brakes on U.S.
Sources claim that India wants to reduce coal imports for the power sector by 30% in this year.
India, which is the second largest thermal coal importer in the world, wants to reduce its imports by at least 30 percent. It has asked the industry to experiment with blending more domestic 'coal' with imported coal. India's power stations will import nearly 50 million tonnes of coal from countries such as Indonesia, South Africa and Russia by 2025. Two government officials and an industry source said that the government wants to reduce this number by at least 15 millions tons this year. Even though it is accelerating its transition to renewable energy at an unprecedented pace…
Portugal's EDP CEO: Data centre boom in Iberia to be supplied by EDP
EDP, Portugal's largest utility, is stepping up to meet the demand for data centres in Iberia. The company was attracted by electricity prices that will remain low in comparison to other parts of Europe. He said that over 18 gigawatts in data centres in Portugal and Spain are in development or pipeline, "supporting the strong electricity demand in Iberia", driven by structural factors, not temporary ones. He said that Iberia had a distinct advantage from which we hoped to?benefit - affordable, structurally structured power prices. EDP and Start Campus, a consortium consisting of Britain's Pioneer Point Partners, U.S.
The impact of renewable energy on spot prices
The European spot electricity contract for Friday was cancelled on the assumption that "demand" would continue to decline while "renewable generation" is expected to increase. By 0923 GMT, the German baseload for the day ahead was down 12.9% to 66.75?euros ($78.47). The French equivalent contract fell?37.3% to 12.85 euros/MWh. LSEG data revealed that German wind generation is expected to increase by 3.5 gigawatts, to 27.3 GW. French wind output will drop by 3.9 GW at 10 GW. The data also showed that the German solar power sector has grown by nearly?1 GW.
The French government has survived two votes of no confidence on the energy law
The French government has survived two no-confidence motions that were filed in 'parliament' on Wednesday. These motions were brought because it had adopted a new Energy Law by decree in February after years of disagreements within the National Assembly. The motion was filed by France's National Rally party (RN), which received 140 votes in parliament. 289 votes were needed to pass the motion. The second motion was filed by France Unbowed, a hard-left party. It received the support of 108 members. After several failed attempts to topple the minority government of Prime Minister Sebastien Lecornu…
Iberdrola's earnings are higher after the network business boosts results for 2025
Iberdrola, Europe's largest utility, expects its business of building and updating?power?networks in Britain and America to boost earnings this year, after it drove a 10% increase in 2025 adjusted Net Profit. The Spanish company will benefit from its strategic shift to the more regulated business of power grids and plans to spend over 100 billion Euros through 2031 in order to build on that. The company stated that results are progressing ahead of schedule. The company now targets an adjusted net profit of more than 6.6 billion euro ($7.8billion) this year, and more than 7 billion euro by 2028.
After regulator reduces cap, energy bills for most Britons will fall
Energy regulator Ofgem announced a 7% price cap on Wednesday, allowing the government to reduce costs. The move follows the plans in last year's Budget to shift some costs of renewable energy to general taxes and to scrap a program requiring suppliers fund measures like insulation for low income households. Tim Jarvis said that the main reason for the reduction in today's prices is the new policy costs announced by Chancellor George Osborne. The new cap of 1,641 pounds ($2,218.96), a year, for average electricity and natural gas consumption is 117 pounds less than the previous level for January to March.
Nordex CEO: Europe must accelerate renewable energy permits
Nordex's chief executive Jose?Luis Blanco said that many European countries should follow Germany's lead in approving wind projects quickly. In an interview with? Blanco stated that obtaining a permit in Germany was difficult a few short years ago. However, it is now easy and fast. Berlin wants to get 80% of Germany’s electricity from renewable sources by 2030. This goal has been accelerated due to recent reforms, and the decline in Russian fossil fuels imports after the invasion of Ukraine. "Electrification is impossible if?grid investments?and execution of these grid investments are not made in a timely fashion.
The recurring profit of EDPR, a renewable energy company, will jump 50% in 2025 due to US growth
EDP Renovaveis is the fourth largest?wind energy producer in the world. On Wednesday, it announced that recurring net profit would rise 50% by 2025. This was due to a strong U.S. expansion of capacity, despite lower capital gains. It also projected a?increase? in EBITDA for this year. Analysts polled by LSEG had predicted a net profit of 307 millions euros for the renewables division of Portugal's EDP. The company's EBITDA (earnings before interest, tax, depreciation, and amortization) increased by 17% on an annual basis to approximately 1.95 billion euro. EBITDA is expected to reach 2.1 billion euro in 2026.
Hyundai Motor will unveil multi-billion dollar investment in South Korea. Source says
Hyundai Motor Group is planning to unveil a multibillion-dollar investment on South Korea's west coast. A source with direct knowledge said this Wednesday. The auto?group?is expanding into artificial intelligence and robotics for autonomous driving. After media reports about the potential 10 trillion won (7 billion dollars) investment by the automakers in the Saemangeum region over the next five-year period, shares of Hyundai Motor and its affiliate Kia rose 10.5% on Wednesday. According to a second source, the investment involves robotics and AI data centres as well as hydrogen infrastructure. Hyundai Motors spokesperson declined to comment.
Engie to install bitcoin mining and storage at massive new Brazil solar plant
Eduardo Sattamini is the Engie Country Manager for Brazil. He told journalists last week that he was looking into possible offtakers. Assu, located in northeast Brazil has 895MWp of installed capacity and began full commercial operations last month. Sattamini stated that the production was curtailed by 'curtailments' made to balance Brazil’s power grid. He did not specify how much of the?production had been affected. Since 2023, curtailment has been a major problem for solar and wind farm owners in Brazil. This has caused energy companies to lose billions of reais.
EU delays 'Made in Europe' plan after disagreements over scope
The European Commission announced on Monday that it had 'delayed announcement of a new policy to prioritise industrial products and parts made in Europe by a week due to disagreements over the scope of the program. Thursday was the date set for the announcement of these measures, which would establish minimum thresholds in order to use locally-made parts in projects involving public funds. These include strategic sectors such as batteries, solar and renewable energy, and nuclear power. A spokesperson from the office of Commission Executive Vice President Stephane Séjourne stated that "Following discussions…
The French far-right has filed a motion of no confidence against the PM regarding the new energy law
The National Rally party of France, which is far right, submitted a motion of no confidence against the government on Monday following the 'adoption' of a new 'energy law. The motion will likely fail, as the Socialist Party, a pivotal swing vote in a fragmented assembly, has indicated that it won't support the effort. France announced a long-delayed strategy for energy this month, which scaled back renewable energy goals. It also eased the pressure on state-run utility EDF by reversing an order to shut down '14 nuclear reactors.
Repsol, a Spanish company, has cut its renewable energy target
A report released in conjunction with its 2025 results shows that Repsol, the Spanish energy company, has reduced its 2030 targets for renewable capacity and products low in carbon emissions as it adapts to changing market conditions. The?company? has built a portfolio of hydroelectric, wind and solar projects in Spain and overseas as part of its strategy to transition from an oil and gas company into a multi-energy provider. It has also invested in the production of?green hydrogen and low carbon fuels. The report says that it now targets more than ten gigawatts of installed renewable capacity by 2030.
Cubans use solar power to fight blackouts as US tightens its grip on oil
Cubans scramble to install solar panels in their homes, businesses and vehicles as Washington prevents oil from reaching the Caribbean’s largest island. This contributes to electricity generation shortfalls. U.S. sanctions, a deep recession and the economic crisis in Venezuela have made it difficult for the government to buy enough fuel. A recent 'drought' of shipments due to U.S. sanctions has also caused a?drought? in Mexico and Venezuela. Tariff threats have worsened the existing shortages. Cuban government has installed solar power of up to 1,000 megawatts in the last year with the help of Chinese funding and equipment donated.
EDF, France's EDF, aims to boost electricity demand while low prices hurt profit
EDF, the French state-owned utility, expects its profit to fall again this year due to low electricity prices. This will put pressure on EDF ahead of major investments in its nuclear reactor fleet. EDF, France's largest power producer, operates in a market that is significantly oversupplied. Benchmark power prices have recently reached their lowest level since the COVID-19 epidemic began in 2020. As more renewable energy is brought online, prices are dropping. However, industrial electricity demand remains low. The company wants to increase demand for energy-intensive projects such as?data centres…
Solar industry shifts away from silver due to rising costs
Solar panel producers are intensifying their efforts to replace the silver in solar panels with copper, after the price of silver has risen?130% during the last year. This is putting pressure on margins, which were already under pressure due to overcapacity. Derek Schnee, Senior Commercial Solar Consultant at JK Renewables said that silver is the biggest contributor to the increase in the cost of manufacturing solar panel. He added that the cost has increased by 7-15% within the past year. Heraeus analysts note that silver paste,?a key component for photovoltaic cells, accounts for 30% of the total cost of solar cells.
Minister says India aims to produce rare-earth permanent magnetic magnets by the end of the year
India hopes to produce rare earth permanent magnets by the end of this year, in partnership with the private sector. The 'federal mining minister' said that on Thursday. New Delhi approved in November a programme to manufacture permanent magnets made of rare earths worth 73 billion rupees ($802 millions). Magnets are used in industries from aerospace and electric vehicles to renewable energy and defence. Minister Kishan Reddy announced at an event organized by Federation of Indian Chambers of Commerce & Industry that the mining ministry has partnered with a state-run organization to 'develop technology for permanent magnets.