Companies
South Korea announced major overhaul of state-owned energy companies
The government of South Korea has announced a major restructuring of state-run energy companies as part of a broader overhaul of public inst...
Infrastructure & Investments
The EU approves a EUR2.3bn investment program for Greek islands
The Islands Decarbonization Fund’s investment program has been approved by the European Commission and the European Investment Bank, coverin...
Companies
Bolivia announces 180-day intervention on YPFB to “curb corruption”
The Bolivian government has ordered a 180-day intervention on the state-owned oil and gas company YPFB citing deficiencies in its fuel impor...
Policy & Regulatory
South Korea adopts government-led site planning for offshore wind
South Korea has announced plans to designate 25 GW of preliminary offshore wind zones by 2031 as it introduces a government-led approach to ...
Infrastructure & Investments
Studsvik selects GE and Samsung for a 1.2 GW SMR project in Sweden
Studsvik has selected GE Vernova Hitachi Nuclear Energy (GVH) and Samsung C&T as strategic partners to develop an initial four-unit BWRX...
Infrastructure & Investments
ABO Energy plans a 600 MW green hydrogen project in Finland
German renewable energy developer ABO Energy has entered into a cooperation agreement with the City of Oulu in Finlan to move forward with p...
Policy & Regulatory
The EU approves German capacity scheme to secure electricity supply from 2031
The European Commission has approved Germany’s capacity mechanism under EU State aid rules, clearing the way for between EUR15.6bn and EUR35...
Infrastructure & Investments
Russia's Rosatom signs EPC contract for 2.4 GW nuclear power plant in Kazakhstan
Russia and Kazakhstan have signed an engineering, procurement and construction (EPC) contract for the development of Kazakhstan’s first nucl...
Companies
Chevron and Eni commit to expanding oil production in Venezuela
Several international energy companies, including Eni and Chevron, have committed to expanding their projects in Venezuela to increase oil p...
Infrastructure & Investments
CPMZ plans to expand Mozambique-Zimbabwe pipeline capacity to 5 mcm
The Mozambican oil pipeline operator CPMZ has officially launched a project to expand the capacity of its 294 km (around 183-mile) CPMZ pipe...
Infrastructure & Investments
Mexican government approves almost 11 GW of new wind and solar capacity
Mexico has approved 55 private wind and solar projects with a combined installed capacity of 10.9 GW (Mexico's Photovoltaic Industry Associa...
Infrastructure & Investments
HyperStrong starts construction of 400 MW/1.6 GWh BESS project in Germany
HyperStrong has broken ground for the construction of the 400 MW/1.6 GWh GigaBattery Boxberg 400 project in Saxony (Germany) for LEAG Clean ...