Energy & Climate Markets
World Bank abandons 45% annual climate finance target
The World Bank Group has announced that it is abandoning its commitment to dedicate 45% of its annual lending to projects delivering climate...
Forecasts
UK must commit GBP89bn to modernize its power network, NESO reports
The UK grid operator NESO has released an updated version of its 2024 Beyond 2030 recommendations, outlining the network investments require...
Infrastructure & Investments
NHOA Energy secures contract for a 215 MW/963 MWh BESS project in Australia
NHOA Energy has secured an engineering, procurement and construction (EPC) contract from Neoen for its 215 MW/963 MWh Culcairn BESS project...
Companies
KKR and SK partner on 10 GW renewable energy platform in South Korea
US private equity firm KKR and South Korea’s SK have announced the creation of South Korea’s largest renewable energy platform, with a value...
Infrastructure & Investments
Engie expands in Poland with 250 MW/1,000 MWh BESS acquisition
Engie Zielona Energia, a subsidiary of the French utility group Engie, has signed an agreement to acquire a 250 MW/1,000 MWh Battery Energy ...
Infrastructure & Investments
BW ESS breaks ground on 1 GW/5.7 GWh battery storage project in Germany
BW ESS has started building its first Battery Energy Storage System (BESS) project in Germany, marking the groundbreaking of a 1 GW/5.7 GWh ...
Infrastructure & Investments
Greenvolt secures supply deal for its 600 MW/2.4 GWh BESS in Poland
Greenvolt Power has signed an agreement with BYD Energy Storage for the supply of battery systems for the 600 MW/2.4 GWh Siedlce BESS projec...
Infrastructure & Investments
SGE consortium targets deployment of 4.2 GW SMR fleet across the UK
SGE has applied under the UK’s Advanced Nuclear Framework to develop a 4.2 GW SMR fleet across three sites in the United Kingdom (SGE press ...
Infrastructure & Investments
Siemens Energy wins gas turbine orders for 2 CCGT projects in Oman (2.6 GW)
Siemens Energy has won power generation technology orders and long-term service agreements for two CCGT power projects in Oman, namely the M...
Companies
Duke Energy agrees with the US administration to surrender its offshore wind lease.
Duke Energy has finalized a settlement agreement with the US Department of the Interior (DOI) to relinquish its offshore wind lease in Carol...
Infrastructure & Investments
Korkia secures permit for 150 MW solar+150 MW/600 MWh BESS project in Sweden
Korkia has received an environmental permit for the Smedjebacken hybrid project in Dalarna, Sweden, covering a 150 MWp solar plant and a 150...
Energy & Climate Markets
Iraq sets target of 7 mb/d in oil production within three years
Iraq intends to lift its oil output to 7 mb/d within the next three years, according to the country’s Prime Minister (Iraqi government state...