Romania extends OMV Petrom Permits; Onshore royalty tax will jump
The coalition government of Romania announced on Wednesday that it had extended exploration and production licenses for energy group OMV "Petrom" (and agreed to increase its onshore royalties by approximately 40%). OMV Petrom is a majority-owned company by Austrian OMV. It supplies a third of Romanian gas, fuels, and electricity.
US Judge rejects Trump Administration's decision to stop wind energy permits
Federal judge ruled on Monday that U.S. president Donald Trump's administration failed to justify their decision to suspend the issuing of leases and permits to new "wind" projects in accordance with Republican President's wishes. U.S. District judge Patti Saris, in Boston, sided with 17 Democratic-led States and…
Serentica, a KKR-backed company, may raise as much as $8 billion for India's green energy expansion
A top executive at the Indian company Serentica Renewables said that it plans to raise between $8 billion and $6 billion in the next five year to fund acquisitions and projects, as well as to double its clean energy production capacity. Pratik Agarwal said that Serentica is looking to spend $10 billion to 11 billion…
Abu Dhabi's GSU launches $1 billion energy project in Yemen
On Wednesday, the United Arab Emirates announced that it would launch energy projects in Yemen worth $1 billion to help rebuild its energy sector. These will be implemented through Abu Dhabi-based Global South Utilities. GSU announced in a press release that the agreement would see the company develop a portfolio of projects including solar and wind energy…
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 tender of the year will cover the Al Dibdibah…
Blackstone invests $1.2 billion to build a power plant in West Virginia
Blackstone announced on Thursday that its unit will invest around $1.2 billion in building a power station in West Virginia. The asset manager is stepping up efforts to meet the surging demand for electricity due to artificial intelligence and industrial expansion. Utilities, large investors and data center operators have increased their funding to build more power capacity.
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, pumped-hydro, battery storage, and green ammonia.
Top official: India may miss its 2030 green hydrogen production targets
A senior government official stated on Tuesday that some green hydrogen projects in India, which are geared towards export, will likely start later than initially planned, due to global policy uncertainty. This could delay the country's clean-fuel ambitions. Santosh Sarangi said that the country expects to reach…
Kuwait looks to large-scale batteries storage to ease the power crisis
Kuwait is currently negotiating an important battery storage project that will have a total energy storage capacity between 4 and 6 Gigawatt-hours. This will help ease the chronic power shortages in Kuwait, said a senior official at the electricity ministry on Monday. The Gulf State, a major oil producing country and OPEC Member…
Senator: US energy prices will spike due to Trump's decision to cut grants
The Trump administration’s plans to cancel nearly eight billion dollars in Energy Department grants is illegal, because contracts were already signed. It will also cause consumer energy costs to skyrocket. The Energy Department cancelled $7.56 billion of funding for clean energy project earlier this month because…
South Africa coal heartland is home to a small solar city
Even though the locals are coughing up grey smog, coal keeps them at work, heats their homes during winter, and cooks dinner. Now, however, things are slowly beginning to change. South Africa, one of the largest coal exporters in the world, has launched a plan that will wean itself off coal pollution and embrace green industries to create jobs.
Trump's energy pivot accelerates US mergers and asset sales of solar, wind power
Analysts and industry insiders say that the Trump administration's retreat from renewables has prompted consolidations and asset sales by smaller U.S. wind and solar power companies, as they struggle to stay afloat. The One Big Beautiful Bill Act of President Donald Trump (OBBBA), which focuses on coal, oil, and gas…
Kuwait and China to sign top wastewater facility in mid-October
Kuwaiti state media reported that the North Kabd plant will be the largest wastewater treatment facility in Kuwait by capacity. The facility will use advanced technologies to process up 1 million cubic meters of wastewater per day. Kuwait, a country rich in oil, struggles to reuse treated water. Kuwait, an oil-rich country, struggles to reuse treated wastewater.
Audit finds weaknesses in the review of wind and solar projects on US Public Lands
A report published by an independent government monitor on Thursday found that U.S. officials failed to follow federal regulations consistently when reviewing applications for solar and wind projects on public land. A report by the Office of Inspector General of the Interior Department found that the Bureau of Land…
Putin: Gas pipeline from China to Russia will benefit both countries, calculate price using market formula
The Russian President Vladimir Putin stated on Friday that Power of Siberia 2 was a "mutually-beneficial project". He also said the price of gas would be determined by a formula similar to those used to supply gas to Europe. Russia proposed this route years ago. However, the plan is now more urgent as Beijing has been identified as the best alternative to Europe.
Maguire: US gas-heavy pipeline to fuel tensions with LNG exporters
U.S. energy firms are building the largest gas-fired generation capacity in the world, cementing the position of the United States as the world's biggest natural gas consumer and the gas-fired producer. The growing dependence on natural gas in the domestic power sector will also exacerbate tensions between the rapidly expanding LNG export sector and the domestic power industry…
Maguire: US gas-heavy pipeline to fuel tensions with LNG exporters
U.S. energy firms are building the largest gas-fired generation capacity in the world, cementing the position of the United States as the world's biggest natural gas consumer and the gas-fired producer. The growing dependence on natural gas in the domestic power sector will also exacerbate tensions between the rapidly expanding LNG export sector and the domestic power industry…
Engie, France, reports 9.4% decline in first-half earnings
PARIS, 1 August - French utility Engie reported a 9.4% drop in its half-year earnings Friday as higher revenues from natural gas distribution were not enough to offset lower prices for energy and hydropower. The company's first-half earnings, excluding nuclear operations, were 5.1 billion euro ($5.82 billion), down from 5.6 billion euro a year earlier.
Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has put on hold its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments to a region…
Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has halted its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments to a region which…