Bill

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 …

Offshore Wind Power

Trump Administration Allows New York Offshore Wind Farm to Resume Construction

On Monday, Equinor, a Norwegian energy firm, announced that the Trump administration lifted a month-long stop-work order on Empire Wind, a $5 billion offshore w…

CCS

10 Companies Shortlisted to Vie for Denmark’s C02 Storage Funding

The Danish Energy Agency has selected ten companies to compete for funding under its carbon capture and storage (CCS) initiative, aimed at supporting Denmark&rs…

Gas power plant

Vistra to Buy 2.6GW Generation Capacity From Lotus for $1.9bn

Vistra, an integrated retail electricity and power generation company, has agreed to acquire a portfolio of natural gas generation facilities from Lotus Infrast…

Hydropower Plant

Rio Tinto to Modernise Quebec Hydro Plant With $1.2bn Investment

Rio Tinto has committed $1.2 billion to modernize the Isle-Maligne hydroelectric power plant in Alma, Quebec, marking its largest investment in hydroelectric as…

Natural Gas

Turkey Finds New Natural Gas Reserve in Black Sea, Erdogan Says

On Saturday, President Tayyip Erdogan announced the discovery of a 75 billion cubic meter (bcm) natural gas reserve in the Black Sea, uncovered during drilling …

Electric Vehicles

Geely Automobile Sees Q1 2025 Revenue Jump 25% YoY

Geely Automobile Holdings Limited announced its first-quarter financial results for 2025 on May 15, reporting a revenue of 72.5 billion yuan, a 25% increase fro…

United States

Record US, Global Corn Output Projected in 2025

The U.S. Department of Agriculture (USDA) released its World Agricultural Supply and Demand Estimates (WASDE) report on May 12, 2025, projecting record-high U.S…

Oil Field

Nigeria Says Exxon Commits $1.5b to Deepwater Development

Exxon Mobil Corp. has committed $1.5 billion to develop a deepwater oil field in Nigeria, as the country seeks to increase its oil production. The investment, p…