Bousso: TotalEnergies' ROI-TotalEnergies power play shows Big Oil how to make energy transition work
TotalEnergies of France is betting heavily on renewables and power, positioning itself as a leader in the global energy demand wave. It also offers investors an alternative to its rivals who are doubling down on gas and oil. Since 2022, the strategies of European oil companies have been in a constant state of flux.
Prices fall quickly on French nuclear and wind supply
The European spot power price fell on Tuesday. However, the German day-ahead rate remained at an enormous premium to France. LSEG analyst Xiulan he said that a pronounced increase is expected in French wind energy generation in a short-term forecast. He added that the German outlook would be mildly positive due to higher consumption…
Bousso: TotalEnergies' ROI-TotalEnergies power play shows Big Oil how to make energy transition work
TotalEnergies of France is betting heavily on renewables and power, positioning itself as a leader in the global energy demand wave. It also offers investors an alternative to its rivals who are doubling down on gas and oil. Since 2022, the strategies of European oil companies have been in a constant state of flux.
Kuwait's latest tender invites bids on a new 0.5-GW Solar Project
Kuwait invited pre-qualified consortiums to submit bids for a new solar power project of 0.5 gigawatts, which aims to expand clean energy generation in the Gulf State. Kuwait Authority for Partnership Projects announced in its official gazette on Sunday that the second…
Enel ups guidance on 2025 net income, plans data centres
Enel, Italy's largest utility company, increased its guidance for full-year net earnings after reporting nine-month results that were marginally higher than market expectations. The average analyst estimate of 17.17 billion euro was surpassed by the actual EBITDA, which came to 17.26 billion dollars.
ReNew, an Indian company, will invest $9.33 Billion in green energy projects across the southern state
ReNew Energy Global Plc, an Indian company, announced on Thursday that it would invest approximately 820 billion rupees (9.33 billion dollars) in Andhra Pradesh's southern state to expand its clean-energy portfolio. The company has signed agreements with the government of the state for projects that include solar manufacturing…
Demand increases and spot prices increase sharply as renewables decline.
The price of European prompt electricity rose on Wednesday as the wind and solar energy generation declined while the colder weather pushed up demand. Riccardo Paraviero, LSEG analyst, said that the future outlook was bullish. The main signal is a significant increase in residual load in Germany.
DTE Energy increases its five-year plan to spend $6.5 billion on data centers power demand
Oct 30 – DTE Energy raised its capital investment plan for the next five years by $6.5 billion. This was due to an increase in electricity demand by data centers, and to efforts to modernize utility assets. DTE's third-quarter profits also exceeded Wall Street expectations thanks to higher revenues from its electric division.
Havells led funding round secures $171 Million for India's Goldi Solar
Goldi Solar, India's largest manufacturer of solar modules, announced on Wednesday that it had raised $142,1,000,000 ($171,000,000) in growth capital, led by the electrical equipment giant Havells India. Shahi Exports and SRF Transnational Holdings are among the high-net worth individuals and companies that invested in this round.
Blueleaf Energy India Plans to Receive $75 Million from UK Development Finance Body
British International Investment, the UK's Development Finance Institution, announced on Wednesday that it would invest 75 million dollars to help Blueleaf Energy expand in India, a renewable energy platform owned by Macquarie Asset Management. The funds are intended to speed up the deployment of clean energy in Asia.
German wind downturn boosts spot prices
The European immediate prices were lifted on Tuesday by the expectation of a sharp decline in German wind energy generation. This will turn the country into an importer the next day. The German signal is positive. LSEG analyst Xiulan Xiulan said that wind supply has decreased significantly. He also cited rising German demand.
A2A CEO: Milan's data center capacity will increase tenfold within five years
The Chief Executive of A2A, an energy group, said that data centres in the financial capital of Italy, Milan, are expected to increase their capacity by around two gigawatts over the next five-year period, which is a tenfold rise from the current levels. A2A, a utility that will provide the electricity needed…
India announces $77 billion hydroplan as China builds upstream Dam
Central Electricity Authority, India's power planning agency, has developed a transmission plan worth 6.4 trillion rupees (77 billion dollars) to move over 76 gigawatts in hydroelectric capacity out of the Brahmaputra Basin by 2047. This is to meet the rising demand for electricity.
EDP accelerates solar and battery projects in Australia following government awards
The Portuguese utility EDP said that it expects to speed up its solar and storage battery projects in Australia, after receiving government awards for revenue generation over the long term. EDP Renewables Australia, a subsidiary of EDP, was awarded two generation revenue schemes through the government's Capacity Investment Scheme.
German spot contracts rise on low wind output
The German spot electricity price increased on Tuesday, amid expectations that wind power production would increase slightly. However, levels will still remain below the seasonal averages. Analysts at Engie Energy Scan said that low wind generation was supporting prices across North-West Europe, except in France.
German and French spot price diverge
On Tuesday, wholesale prompt power prices on Europe's major markets diverged with Germany down and France up. "The signal is negative for Germany." In a note about the day to come, LSEG analyst Xiulan said that wind supply would show a constant upward trend throughout the day. He also predicted a fall in French generation.
EUROPE GAS - European prices flatten as market searches for impetus
Dutch and British gas rates traded sideways on Monday morning in the absence news that would have influenced either direction. However, cooler weather with less wind is expected to support prices. LSEG data shows that the benchmark Dutch front-month contract was 32.31 euros per Megawatt Hour (MWh) or $11.14/mmBtu at 0834 GMT.
Report: Nuclear projects slow down after record-breaking output in 2024
The World Nuclear Industry Status Report released on Monday said that the record-breaking level of nuclear power production in 2024 would be difficult to maintain due to the lack of investment required, aging plants, and disruptions to projects. Various countries are re…
French price increases prompt but strike has little impact
The wholesale European power prices increased on Thursday, as a result of a strike in France that removed some nuclear power from the market. However, a decrease in German wind energy generation was more significant. The signal for Germany is positive. In a day-ahead outlook…
China's fossil-fueled power generation in August rose to its highest level in decades
Data and records from the Statistics Bureau showed that China's fossil-fuelled electricity generation in August rose to its highest since at least 1998. This was to compensate for a fall in hydropower production to meet summer demands, according to data. The rise in demand was a result of China's most extreme summer ever…