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…
Sources say that Western pressure will affect Asian purchases of Russian oil in December.
U.S.-European pressure on Asian buyers could limit India's oil purchases from December. This would lead to cheaper supplies in China. However, Japan is unlikely to stop its Sakhalin LNG shipments at this time, according to trade sources and analysts. Washington has been exerting pressure through trade negotiations on China…
Singapore signss 3-GW green energy deals with Malaysia
According to joint announcements released on Friday, Singapore and Malaysia have signed two agreements for the supply of electricity across borders. This could allow Singapore to access up to three gigawatts (or more) of low-carbon power generation capacity. According to the Singapore…
Portugal's regulator proposes an increase of 1% in electricity tariffs by 2026
The Portuguese electricity market regulator ERSE proposed a 1% increase in regulated tariffs, which 820,000 households and businesses pay. This will also have an indirect influence on the market prices charged to utilities, said ERSE. The government has forecasted an inflation rate of around 2% for the next year.
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.
Draft bill shows India plans to open the retail electricity sector to private companies nationwide
A draft bill from the federal ministry of power showed that India intends to open its retail electricity market nationwide for private companies, ending the dominant role of state-run distribution in the majority states. This move will enable private companies like Adani Enterprises (Tata Power)…
Milei's Argentinean counterparts could face challenges if Vaca Muerta oil production slows down.
The Vaca Muerta oil field in Argentina, which is the fourth largest unconventional oil reserve in the world, has plateaued due to low oil prices and increasing costs. This slowdown could complicate Javier Milei's political agenda. The Vaca-Muerta formation, located in western Argentina…
Source: India could cancel 3-4 GW solar tenders to avoid import restrictions.
An industry source said on Friday that at least 3-4 gigawatts in Indian solar projects could be cancelled because the government has directed clean energy agencies reissue bids to bypass import restrictions which will take effect next year. In a circular issued on Friday, the country's…
India warns renewable energy agencies against rushing solar tenders
According to a circular published on the ministry's website, India's Ministry of Renewable Energy has instructed clean energy agencies in India to cancel and reissue bids for government-funded projects that have been rushed to completion to circumvent rules. The majority of Indian companies use solar cells made in China, which are cheaper.
Maguire: Italy's economic troubles have an upside for the moment, a positive climate.
The persistent economic crisis in Italy has led to the lowest emissions in its power sector for decades. Climate activists need to be aware that economic measures could cause a rapid U-turn on pollution trends. Italy has been experiencing economic stagnation for over a decade. This has resulted in a steady decline of goods produced and exported…
Maguire: Italy's economic troubles have an upside for the moment, a positive climate.
The persistent economic crisis in Italy has led to the lowest emissions in its power sector for decades. Climate activists need to be aware that economic measures could cause a rapid U-turn on pollution trends. Italy has been experiencing economic stagnation for over a decade. This has resulted in a steady decline of goods produced and exported…
Australia's renewables drive powers a 'golden rush' of big battery bets
Investors in Australia’s battery energy storage industry are taking advantage of the chaos on the spot markets. They have been emboldened by Australia’s efforts to expand its renewable energy infrastructure. Investors in the sector are now funding projects that do not have a fully-guaranteed long-term revenue.
Malaysia's Petronas Gas receives a nod for its internal reorganisation
Malaysia's Petronas Gas Berhad announced on Wednesday that the Finance Ministry has approved a tax exemption for a proposed reorganization plan which will transfer its core business to three wholly owned subsidiaries. Petronas Gas is a subsidiary of Petronas Group. In a filing to the stock exchange…
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)…
Thailand sets record for annual drop in power output and LNG imports
Thailand's electricity production is expected to drop by a record amount this year due to a mild winter and a slowed economy, according government data. This will result in Southeast Asia’s largest LNG importer experiencing its steepest fall in fuel purchases. Official data revealed…
Bezos' renewables alliance targets $7.5 billion for developing countries
Executives from an alliance installing renewable energy in developing nations want to invest $7.5 billion over its next five-year plans. They are also looking for more philanthropic partnerships as richer countries cut their government aid. The Global Energy Alliance for People and Planet was launched in 2021 at the global climate talks.
Vistra CEO Burke to receive $340 million in compensation amid revival of fossil fuels and nuclear energy
Vistra CEO James Burke will receive approximately $340 million in compensation for his role in bringing the Texas-based utility out of bankruptcy and into the spotlight as the most important power producer in America. Vistra shares are up about 450% from January 1, 2024. This is ten times more than the S&P500's gain of 42%.
China import surge increases seaborne thermal coal price: Russell
The price recovery is due to a rebound in China's seaborne thermal coal imports, but this boost will only last a short time as the recent surge in coal-fired power generation has slowed. According to commodity analysts Kpler, China is the world's largest coal producer and consumer.
China import surge increases seaborne thermal coal price: Russell
The price recovery is due to a rebound in China's seaborne thermal coal imports, but this boost will only last a short time as the recent surge in coal-fired power generation has slowed. According to commodity analysts Kpler, China is the world's largest coal producer and consumer.
PGE's quarterly net loss is impacted by asset write-downs
PGE, Poland's largest energy company, reported on Tuesday a net loss for the second quarter of $9.61 billion zlotys (2.65 billion dollars), in line with its estimates. Impairments on tangible assets had a negative impact on the company. Why is it important? PGE, the largest state…