Policy & Regulatory
EU legislators agree to reduce net GHG emissions by 90% by 2040 from 1990
The EU Council and Parliament have reached a provisional agreement on introducing a binding intermediate climate target to reach a 90% reduc...
Infrastructure & Investments
EU approves aid package for Poland’s 3.7 GW nuclear power plant
The European Commission has approved, under EU State aid rules, an aid package to support the construction and operation of Poland’s first n...
Companies
ExxonMobil plans to boost upstream production to 5.5 mb/d by 2030 (US)
ExxonMobil has updated its Corporate Plan through 2030, outlining plans to increase oil and gas production (ExxonMobil press release, 09/12/...
Infrastructure & Investments
China commissions a 500 MW/2,000 MWh standalone BESS in Inner Mongolia
Tongliao Conch New Energy, a subsidiary of Conch Cement Group, has developed, financed and commissioned a 500 MW/2,000 MWh standalone BESS i...
Policy & Regulatory
United Kingdom's NSTA launches second offshore CCS licensing round
The North Sea Transition Authority (NSTA) has opened its second carbon storage licensing round to allocate 14 locations offshore Scotland an...
Infrastructure & Investments
NextEra Energy plans 15 GW of capacity by 2035 for US data centers
The US power producer NextEra Energy has partnered with oil and gas major ExxonMobil to build a 1.2 GW gas-fired power plant to serve the US...
Policy & Regulatory
NESO fast-tracks 283 GW of energy projects in UK grid reform
The UK system operator, National Energy System Operator (NESO), has announced a new fast-track pipeline of energy projects for connection to...
Energy & Climate Markets
Eni discovers gas reserves (17 bcm) at the Konta-1 well in Indonesia
The Italian energy group Eni has announced a significant gas discovery in the Kutei Basin off the coast of East Kalimantan in Indonesia (Eni...
Policy & Regulatory
US court overturns ban on permits and licenses for wind projects
A federal judge of the US District Court for the District of Massachusetts (United States) has ruled against the executive order suspending ...
Infrastructure & Investments
Japan exits Vietnam’s Ninh Thuan 2 nuclear Plan citing deadline challenges
Japan has withdrawn from plans to help build a major nuclear power plant in Vietnam after determining that the project timeline was too tigh...
Forecasts
RTE warns of prolonged power overcapacity in France through 2028
France has entered a period of electricity overcapacity due to lower industrial consumption and rising renewable and nuclear output, accordi...
Infrastructure & Investments
Australia switches on 600 MW/1.6 GWh Melbourne Renewable Energy Hub
The 600 MW/1.6 GWh Melbourne Renewable Energy Hub (MREH) — co-owned by Singapore-based clean-energy investor Equis and the Victoria governme...