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Norway

Skanska Lands Major Arctic Road Job

The Norwegian Public Roads Administration has awarded Skanska, a Swedish construction company, a $435 million (NOK 4.4 billion) contract to upgrade a 21.5km sec…

Nuclear Reactor

Sweden Passes Bill on State Aid for New Reactors

Sweden’s parliament, the Riksdag, has approved a government proposal to provide state support for companies investing in new nuclear reactors, with the new law…

Metal

AUMS Secures $655BN Contract for AngloGold Ashanti’s Obuasi Gold Mine

African Underground Mining Services (AUMS), through its Underground Mining Alliance (UMA) joint venture, has secured a A$1.02 billion ($655.3 million) contract …

China

Hudong-Zhonghua Commissions Giant New Shipbuilding Facility North of Shanghai

Hudong-Zhonghua Shipbuilding, a leading Chinese shipyard, has launched a major new facility on Changxing Island, north of Shanghai, to enhance its production of…

Smart Grid

Enea Gains Funds From BGK to Upgrade Distribution Network in Poland

Wedoany.com Report-May 23, Enea Group has secured a 9.13 billion zloty ($2.4 billion) loan from Bank Gospodarstwa Krajowego (BGK) to enhance its power infrastru…

Nuclear Reactor

Sweden’s Riksdag Approves State Aid Model to Fund New Nuclear Reactors

The Swedish parliament, the Riksdag, has approved a significant bill to facilitate investments in new nuclear power, introducing a framework for financing and r…

Solar Module

India’s Reliance to Start Solar Module Factory This Year, Exec Says

Reliance Industries, led by Indian billionaire Mukesh Ambani, will launch its solar photovoltaic modules factory in 2025, as announced by a company executive on…

Hydropower Plant

Statkraft Seeks Licence to Build New Aura Power Plant in Norway

Statkraft, a leading renewable energy company, submitted a license application to construct a new hydropower plant at Aura in Sunndal, Norway, with an estimated…

Nuclear Reactor

Sweden Passes Passes Law to Fund New Generation of Nuclear Reactors

Sweden’s parliament passed a bill on Wednesday to finance new nuclear reactors, supporting energy security and the goal of net-zero emissions by 2045. The plan…

Net Zero

£40 Billion Scottish Net Zero Financing Initiative Unveiled

Transition Finance Scotland (TFS), in collaboration with the Green Finance Institute (GFI), has been established to attract up to £40 billion yearly for sustai…

Crude Oil

India Plans to Spend $10B on Homebuilt Oil Tanker Fleet

India plans to invest 850 billion rupees (approximately $10 billion) through 2040 to acquire 112 crude oil carriers, according to sources familiar with the matt…

Offshore Wind Power

Equinor, Polenergia Take FID on Baltyk 2&3

Equinor and Polenergia have finalized investment decisions for the Bałtyk 2 and Bałtyk 3 offshore wind projects in Poland, with a combined capacity of 1440 MW…

Pumped Storage

ENGIE and CDPQ Plan up to £1 Billion Investment in UK Pumped Storage Plants

Energy company ENGIE and Canadian investor CDPQ have committed up to £1 billion to refurbish two major pumped storage hydro plants, Dinorwig and Ffestinio…

Offshore Wind Power

Denmark Plans Offshore Wind Tender With up to $8.3 Billion Subsidy

On Monday, Denmark’s energy ministry announced plans to launch three offshore wind tenders with a total capacity of three gigawatts, sufficient to power approx…

Photovoltaic （PV）

House Bill Would Choke US Solar Investment, Says Top Trade Group

A proposed budget plan advanced by Republicans in the U.S. House of Representatives last week could impact around 300 solar and energy storage factories across …