Spain cannot claim immunity as a state in the UK dispute over renewable energy incentives
The United Kingdom's top court ruled that Spain cannot claim immunity in order to prevent a multimillion euro award being made?over the reduction of renewable energy incentives. This limits states' rights to claim immunity when they are involved in disputes with investors. The Supreme Court stated, however, states can claim immunity with respect to the execution of a arbitration award against state property.
Spain cannot claim immunity as a state in the UK dispute over renewable energy incentives
The United Kingdom's highest judicial court ruled that Spain could not claim immunity to prevent a'multimillion-euro' award for cuts in renewable energy incentives from being registered. This limits the ability of states to claim immunity when they are involved in disputes with investors. Infrastructure Services Luxembourg and Energia Termosolar which invested…
Allianz GI acquires a 50% stake in German battery projects from TotalEnergies
TotalEnergies, the French oil giant, has sold to Allianz Global Investors a 50% share in?11 batteries projects in Germany that are under construction. The companies announced this on Tuesday as the interest in Germany's rapidly growing renewables market grows. The value of the transaction was not disclosed by the companies. The pair said they would invest 500 million euro ($581million) to finish the construction.
Spain's Moeve joins forces with Masdar to launch a $1.2 billion green hydrogen project
The Spanish energy company Moeve approved a major green hydrogen investment project that involved more than one billion euros ($1.2 billion) of investments. Masdar, an Abu Dhabi renewable energy company, was a minority partner. Moeve announced on Monday that it had made the final investment decision for the first part in the Andalusian Green Hydrogen Valley, Spain.
Spain's Moeve joins forces with Masdar to launch a $1.2 billion green hydrogen project
Spanish energy company Moeve approved a major green hydrogen project that involves more than 1 billion euros ($1.2billion) in investment, with Abu Dhabi renewable energy company Masdar as a "minority" partner. Moeve announced on Monday that it had made the final investment decision for the first part in the Andalusian Green Hydrogen Valley, Spain. The project…
Raychaudhuri: Indian equities are a bright spot in the market.
Indian stocks, once the darlings of global investors have been underperforming other emerging markets in the past year due to?trade tensions and falling earnings estimates, while high valuations also dulled their shine. Changing domestic and geopolitical tendencies may attract global investors again. Last year, the main problem for Indian shares was that earnings expectations declined even though valuations remained high.
Acciona Energia cuts dividends, targets disposals to protect credit ratings
Acciona Energia, the Spanish renewable energy company, announced late Thursday that it would reduce dividends and investments to save its credit rating. It also hoped to generate around 2 billion euro ($2.36 billion), from asset sales, as well as reduce a portion of a debt. Acciona Energia is owned by the Spanish company Acciona SA, with a stake greater than 90%.
Portugal's EDP CEO: Data centre boom in Iberia to be supplied by EDP
EDP, Portugal's largest utility, is stepping up to meet the demand for data centres in Iberia. The company was attracted by electricity prices that will remain low in comparison to other parts of Europe. He said that over 18 gigawatts in data centres in Portugal and Spain are in development or pipeline, "supporting the strong electricity demand in Iberia", driven by structural factors, not temporary ones.
First Solar shares fall after poor sales forecast amid policy uncertainties
On Wednesday, shares of First 'Solar' fell 12.8% and reached their lowest level since September last year. The company had forecast sales that were below Wall Street estimates due to uncertainty in the U.S. political environment as well as delays with permits under the Trump administration. According to data compiled and analyzed by LSEG, the solar panel…
First Solar shares fall after weak sales forecast amid policy uncertainties
First Solar shares fell 16.7% on Wednesday in premarket trade after the company predicted annual sales below Wall Street expectations due to uncertainty and delays caused by the Trump administration's U.S. policies. According to LSEG data, the'solar 'panel manufacturer expects its net sales in 2026 to range between $4.9 and $5.2 billion. This compares to an average analyst estimate of $6 billion.
U.S. Trade Action Deals Blow to Indian Solar Makers
Analysts and representatives of the industry said that India's plans for strengthening its?position on the U.S. Solar market have been stymied by Washington's decision to impose steep anti-dumping duties?on solar panels and cells?shipped primarily from a few?Asian hubs. U.S. Commerce Department determined on Tuesday that manufacturers in India, Indonesia…
First Solar's outlook is not as optimistic as it was in the Trump era.
First Solar, the U.S.'s largest solar panel manufacturer, cited a?customer headwind, such as delays in permits under the Donald Trump Administration, which sent its shares down by nearly 14%. In a call following earnings, CFO Alex Bradley stated that the company expects to see a $125-$135 million impact in 2026 from tariffs. "We've run at a very low usage rate to try and sort of?"buy some time" to see how tariffs eventually get played out…
South Korea approves its first petrochemical restructured deal as glut of supply weighs
The South Korean industry ministry announced on Wednesday that it had 'approved' the first petrochemical sector restructuring project in the country. It offered a package of support worth over 2 trillion won ($1,39 billion) for companies to help them weather a prolonged downturn. The ministry has approved the plan that HD Hyundai Oilbank and Lotte Chemical…
First Solar's stock plunges following a disappointing net sales forecast
First Solar, the largest U.S.-based?maker of solar panels, has forecast current-year sales that are?below expectations. The U.S. solar?panel?expects a higher price?for their products?following?additional tariffs?on foreign-made solar panels. This sent its shares plummeting nearly 14% following the bell. The U.S. demand for residential solar has been weak because of high interest rates and metering changes in California's top market…
Solar dominates import seizures following US ban on Chinese products made with forced labor
According to the latest data released by the U.S. Customs and Border Protection, solar panels account for the majority of the value in shipments that are stopped at the U.S. border as a result of a law passed in 2021 banning goods made with Chinese forced labour. These data are the first to provide a detailed breakdown of the?types?of products that CBP has…
The US imposes preliminary duties on solar imports originating from India, Indonesia and Laos
The U.S. Commerce Department announced Tuesday countervailing duty?on solar panels and cells imported by a?companies from India, Indonesia, and Laos?in an effort to counter subsidies supporting Asian industries. The decision was made by U.S. Trade officials who sided with the domestic solar factory owners, finding that the companies in the three countries had received government subsidies which rendered American products uncompetitive.
Spain's Endesa focuses on grid investments under new three-year plans
In a Tuesday strategy update, Endesa said it would 'increase investments in power network upgrades, primarily, and 'boost shareholder returns in the next three to four years based on increasing earnings. The massive blackout in Spain and Portugal that occurred on April 28, last year, has highlighted the necessity of spending more on the grid. However, utilities are also calling for higher guaranteed returns.
Engie to install bitcoin mining and storage at massive new Brazil solar plant
Eduardo Sattamini is the Engie Country Manager for Brazil. He told journalists last week that he was looking into possible offtakers. Assu, located in northeast Brazil has 895MWp of installed capacity and began full commercial operations last month. Sattamini stated that the production was curtailed by 'curtailments' made to balance Brazil’s power grid. He did not specify how much of the?production had been affected.
Repsol, a Spanish company, has cut its renewable energy target
A report released in conjunction with its 2025 results shows that Repsol, the Spanish energy company, has reduced its 2030 targets for renewable capacity and products low in carbon emissions as it adapts to changing market conditions. The?company? has built a portfolio of hydroelectric, wind and solar projects in Spain and overseas as part of its strategy to transition from an oil and gas company into a multi-energy provider.
Cubans use solar power to fight blackouts as US tightens its grip on oil
Cubans scramble to install solar panels in their homes, businesses and vehicles as Washington prevents oil from reaching the Caribbean’s largest island. This contributes to electricity generation shortfalls. U.S. sanctions, a deep recession and the economic crisis in Venezuela have made it difficult for the government to buy enough fuel. A recent 'drought' of shipments due to U.S. sanctions has also caused a?drought? in Mexico and Venezuela.