Ai

LNG

BP sells 5% stake in Australian Browse LNG project to South Korea's GS Energy

BP on June 1 said it agreed to sell 5% of its stake in the Browse liquefied natural ​gas project in Western Australia to South Korea's GS Energy.The sale l…

United Kingdom

UK's Drax to buy Bluefield Solar Income Fund in $755 million deal

British power group Drax said on June 1 it had ‌agreed to buy Bluefield Solar Income Fund in a deal that values the renewable energy-focused investment ⁠c…

United States

LG Energy Solution Signs $1.6 Billion ESS Supply Deal With DTE Energy

LG Energy Solution said on May 28 that it signed a large-scale energy storage system (ESS) battery supply agreement with DTE Energy, the largest energy company …

Vietnam

Heatwave strain on Vietnam power grid could worsen, industry ministry says

A heatwave gripping Vietnam has already placed immense pressure on the national power grid, the country’s industry ministry said, adding that the problem …

Kazakhstan

Kazakhstan and Russia sign deal to finance 1st nuclear power plant

Kazakhstan and Russia have signed an agreement on the main principles and conditions for cooperation to build the country's first nuclear power plant, inclu…

United States

Microsoft taps Avangrid for 100 MW of solar in Washington

US utility Avangrid said on May 27 it has secured Microsoft Corp as the power off-taker of its 100-MWac/140-MWdc Bluebird solar project in Washington.The power …

Nigeria

Nigeria signs $1.5b Katsina-Ala hydropower concession in major African PPP milestone

The Federal Government signed the Concession Agreement for the Grand Katsina-Ala Hydropower Project.This was just as it formally appointed Maverick Energy Partn…

India

Indian renewable power firm Clean Max raises about $575 million

India's Clean Max Enviro Energy Solutions has ​raised about $575 million ‌to expand its solar and wind projects in India, ​the renewable power ​firm…

China

China's CNOOC starts full production at Bohai's Kenli oilfield

China's CNOOC said on May 27 ​that it has started full ‌production at the Kenli 10-2 oilfield Phase I in the south Bohai Sea, ​offshore northern Chin…

Italy

Ferrari unveils its first electric vehicle with the Luce, starting at $640,000

Ferrari is entering the electric market with its new car called the Luce.The Luce has four electric engines, all-wheel drive and an advanced drivetrain.Ferrari …

Côte Divoire

Eni and partners approve new development phase for Ivory Coast project

Italy's Eni said on May 25 it and partners Petroci and Vitol ‌have given approval for the final investment decision for the third phase of the Baleine …

United Kingdom

Nissan unit cancels UK EV powertrain production plan

Nissan Motor subsidiary JATCO has abandoned plans to manufacture electric vehicle powertrains at its Sunderland facility in the UK.The decision was prompted by …

India

India’s First Geothermal Power Plant To Come Up In Ladakh’s Puga Valley After Centre Clears ONGC Project

Ladakh Lieutenant Governor Vinai Kumar Saxena has approved the extension of an agreement for the country’s first geothermal power project in the Puga Valley.Th…

United States

SpaceX to Build 10 GW Solar Manufacturing Facility in Texas

Aerospace company SpaceX has announced that it will build a 10 GW solar manufacturing facility in Bastrop County near Austin, Texas, as part of its aims to laun…

Turkey

Terms of electricity transit from Azerbaijan to Turkey through Georgia to come into force in 2027

The terms of transit of electricity from Azerbaijan through Georgia will come into force on January 1, 2027, according to a statement from the Georgian State El…