Document threatening legal action by foreign investors against Vietnam for renewables
According to a document seen by the. Last year, the 'dispute' began when Vietnam cut subsidised electricity prices from solar and wind farms. It cited irregularities. Vietnam's energy industry is struggling with high prices and the risk of shortages due to the conflict in Iran. The chambers of commerce of the European Union, Britain and Japan in Vietnam, as well as South Korea, Thailand, and South Korea, sent a letter of joint concern to the government on Thursday. The chambers urge authorities to find a'mutual agreement'…
Japan's weakness on energy is brought to the forefront as Middle East crisis worsens, says REI chair
The chair of the Renewable Energy Institute stated that Japan must do more to reduce their reliance on fossil fuels after the Middle East conflict escalated and halted the tanker traffic through the Strait of Hormuz. This highlighted Japan's vulnerability to?geopolitical risk. Japan imports 95% of its crude oils and 11% of liquefied gas through the Strait. About 70% of the latter and 6% of the former are shipped via the Strait. The closure of the channel has caused sharp increases in fuel prices. This is particularly hard on energy-importing countries like Japan.
EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
?U.S. The Energy Information Administration (EIA), in its Tuesday Short-Term Energy Outlook, said that power consumption will continue to rise in 2026-2027. The EIA projects that the power demand in 2025 will reach a record of 4,195 billion kilowatt hours (kWh), followed by 4,260 billion in 2026, and 4,388 billion in 2027. The demand for electricity is increasing as more homes and businesses are using less fossil fuels to heat and transport their vehicles and use less data centers dedicated to artificial intelligence and cryptocurrency. According to the EIA, power sales for residential customers will reach 1,535 billion kWh in 2026.
Zambia seeks global investors to triple copper production by 2031
Zambia is wooing investors from around the world, including those in the United States. It aims to triple its copper production to 3 million tons by 2031. Washington wants to work with the second largest copper producer in Africa, Africa's Democratic Republic of Congo. The United States is intensifying efforts to loosen China’s grip on critical materials for advanced manufacturing. Zambia missed its annual target of 1,000,000 tons by a mere?890.346 tons. Red'metal' is used in the construction of electric vehicles, renewable energy infrastructure and other vital components for a transition to a low carbon economy.
S&P: Central Europe is more resilient to supply shocks in the face of Iran war
S&P Global reported?on Tuesday that Central and Eastern Europe is more resilient to energy?shocks as a result of efforts to diversify the sources of energy since Russia's invasion in?Ukraine 2022. This provides buffers against economic impacts of the war in the Middle East. S&P Global said?on Tuesday that the region's import-dependent financial markets have been shaken by U.S. and Israeli war against Iran. This has driven up energy prices, central European currency, and bond yields, before Tuesday's relief rallies on hope of de-escalation.
Report: US solar installations will drop by 2025 as a result of Trump's policies.
A study released on Tuesday showed that the U.S. market for solar energy added fewer installations in 2025 than the previous year. This is due to the fact that President Donald 'Trump' scrapped tax breaks and subsidies for renewable energy developers. According to a report by Wood Mackenzie and the Solar Energy Industries Association, 43 gigawatts of new solar capacity was installed in 2018. This compares to 50 GW in 2020. Report: The One Big Beautiful Bill Act of the Obama administration has caused a disruption in the solar industry, with utility-scale installations falling 16%, and community solar dropping 25% by 2025.
Former Shell CFO to leave, BP Chairman Manifold trims the board
BP Chairman 'Albert Manifold' announced on Friday plans for a slimmer board, as a s part of the resetting strategy by the british oil major. Former Shell Chief Financial Officer Simon Henry was among those leaving. Manifold has made other changes since he became chairman in October. Murray Auchincloss, who was appointed CEO in October, abruptly left the position in December. Woodside Energy's Meg O'Neill will take on that role from April. O'Neill was BP's?first external hire... for the post in more than a century. According to BP's annual report, she will receive a base salary of 1.6million pounds.
Senate Democrats are ready to restart discussions on allowing reform
Two lawmakers said on Thursday that the Senate Democrats were ready to resume negotiations on legislation designed to speed up?permitting for large infrastructure projects. They stated that they had been encouraged by recent Trump administration moves to review renewable energy project applications which had been stalled. Sheldon Whitehouse, Martin Heinrich and other Republicans made a 'joint statement' in response to some Republicans who have publicly stated that projects already approved should not be delayed or cancelled due to changing political priorities.
Seven countries warn EU against changing the energy market design
Seven EU member states, including the Netherlands, Sweden and Belgium, warned the executive of the bloc 'on Thursday' against interfering in the system that determines Europe's energy price. Officials at Brussels are scrambling to reduce bills. This year, energy prices are a major political issue in Europe. Industries have warned that they can't compete with the lower-cost companies from China and the United States. The European Commission has been under increasing pressure to intervene due to the soaring prices of oil and gas worldwide as a result of the conflict in Iran.
Statkraft CEO: Iran crisis could cause European power prices to rise and industry woes
The prolonged Iran crisis, which has hampered shipments of key energy and halted the production of?Qatari gas in Qatar, is expected to increase European electricity prices and erode industrial competitiveness. This was stated by Statkraft's CEO on Thursday. The United States, Israel and Iran have all launched attacks on Iran. In addition, Iran has also struck at its Arab Gulf neighbours. This has paralysed shipping through the Strait of Hormuz. Qatar's LNG production, which accounts 20% of the global LNG supply, has been forced to shut down due to the crisis.
Spain cannot claim immunity as a state in the UK dispute over renewable energy incentives
The United Kingdom's top court ruled that Spain cannot claim immunity in order to prevent a multimillion euro award being made?over the reduction of renewable energy incentives. This limits states' rights to claim immunity when they are involved in disputes with investors. The Supreme Court stated, however, states can claim immunity with respect to the execution of a arbitration award against state property. Infrastructure Services Luxembourg, Energia Termosolar and other companies that had invested in renewable energies in Spain brought Spain before the Energy Charter Treaty arbitration more than 10 year ago…
Spain cannot claim immunity as a state in the UK dispute over renewable energy incentives
The United Kingdom's highest judicial court ruled that Spain could not claim immunity to prevent a'multimillion-euro' award for cuts in renewable energy incentives from being registered. This limits the ability of states to claim immunity when they are involved in disputes with investors. Infrastructure Services Luxembourg and Energia Termosolar which invested in renewable energy in Spain brought Spain to arbitration more than 10 years ago under the Energy Charter Treaty for withdrawing subsidies. The ICSID, the World Bank's International Centre for Settlement of Investment Disputes…
Allianz GI acquires a 50% stake in German battery projects from TotalEnergies
TotalEnergies, the French oil giant, has sold to Allianz Global Investors a 50% share in?11 batteries projects in Germany that are under construction. The companies announced this on Tuesday as the interest in Germany's rapidly growing renewables market grows. The value of the transaction was not disclosed by the companies. The pair said they would invest 500 million euro ($581million) to finish the construction. 70% of that amount will be funded by debt. The project will have 789 megawatts of power and be operational in 2028. Total's goal to build 100 gigawatts gross installed renewable power by 2030 is a top priority.
Spain's Moeve joins forces with Masdar to launch a $1.2 billion green hydrogen project
The Spanish energy company Moeve approved a major green hydrogen investment project that involved more than one billion euros ($1.2 billion) of investments. Masdar, an Abu Dhabi renewable energy company, was a minority partner. Moeve announced on Monday that it had made the final investment decision for the first part in the Andalusian Green Hydrogen Valley, Spain. This will have a 300 megawatt capacity and the option to add an additional 100 MW based on grid availability and board approval. It said that it will be the biggest project of its kind in southern Europe.
Spain's Moeve joins forces with Masdar to launch a $1.2 billion green hydrogen project
Spanish energy company Moeve approved a major green hydrogen project that involves more than 1 billion euros ($1.2billion) in investment, with Abu Dhabi renewable energy company Masdar as a "minority" partner. Moeve announced on Monday that it had made the final investment decision for the first part in the Andalusian Green Hydrogen Valley, Spain. The project will have a 300-megawatt capacity and the "possibility" to add an additional 100 MW based on grid availability and board approval. This will be the biggest project of its kind in southern Europe. Last week, the company secured a connection with the Spanish grid to support the project.
Minister says Austria will deepen its cooperation with Abu Dhabi
Austrian Economy Minister Wolfgang Hattmannsdorfer announced that the country plans to expand economic cooperation with Abu Dhabi following the creation of Borouge Group International (BGI), a chemicals company. In an interview with?Hattmannsdorfer on Friday night, he said that he expects BGI, the?tie up between units of 'Abu Dhabi National Oil Company' and Austrian energy company OMV which is owned by Austria and Abu Dhabi to open new business opportunities. BGI is expected to close in the third quarter. He said that this could include trade, supply chain, or even collaborations with other companies in the region's "sphere of influence".
Clean Max, a renewable energy company in India, falls 16% on its first day of trading.
Clean Max - Enviro Energy Solutions shares fell 16% on Monday in their 'trading debut', valuing the company at 103.32 billion rupies ($1.13 billion). Weak retail demand weighed down India’s largest IPO this year. The stock was listed at 960?rupees at the National Stock Exchange (NSE), and last traded at 882 rupees at 10.22 am IST. This is below its original issue price of 1053?rupees. The Brookfield-backed firm's public offering comes at a time when the?primary markets in India are subdued. Only?two? of eight? IPOs this year have been able to list above their initial price.
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.