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Aug 15, 2025

EDF has secured long-term floor pricing agreements with Gresham House Energy Storage Fund.

EDF has revealed that it has entered into long-term floor pricing agreements with Gresham House Energy Storage Fund (GRID) based in the UK. These 10-year agreements encompass 737MW of battery energy storage systems (BESS), including 100MW of existing projects and 637MW under development. This arrangement will offer GRID a stable income base whi...

Aug 15, 2025

Development of the SMR plant on Svalbard is advancing.

In June 2023, Swedish lead-cooled SMR technology developer Blykalla and Norwegian nuclear project developer Norsk Kjernekraft announced the formation of a joint project company, Svalbard Kjernekraft AS. Longyearbyen, the administrative center of the Svalbard archipelago, relied on coal for power until 2023. After the coal plant's closure, temporar...

Aug 14, 2025

Germany allocates 2.3GW in a solar power tender.

The German federal network agency has allocated 2271MW of capacity in its recent tender for ground-mounted and specific non-building solar projects. The auction held on 1 July 2025 was oversubscribed, receiving 313 bids totaling 2.82GW for the 2.266GW available. The regulator confirmed that 258 bids were successful, while 36 were excluded. Award...

Aug 13, 2025

E.ON urges for increased grid returns in Germany as first-half core earnings increase.

E.ON, Europe's largest energy grid operator, urged Germany's energy regulator on Wednesday to increase future returns on grid investments, warning that the country might lag in developing its power infrastructure. The company reported an adjusted core profit of 5.5 billion euros ($6.43 billion) for the first half of the year, a 13% year-over-year i...

Aug 13, 2025

Westinghouse has signed a purchase order for Bulgaria's Kozloduy nuclear power plant.

Westinghouse Electric has made a major advancement in expanding nuclear power at Bulgaria’s Kozloduy plant by signing its first purchase order with MTG-Dolphin. This agreement supports the development of the two-unit AP1000 project and highlights Westinghouse’s dedication to working with local suppliers. The order includes the creation of a nucle...

Aug 13, 2025

Elawan will develop 150 MW of solar projects in Spain.

Elawan Energy has signed a 10-year virtual power purchase agreement (PPA) with Sandoz to promote the energy transition in Europe. This agreement aims to establish new solar energy projects in Valladolid, Castilla y León, Spain, with a total capacity of 150MW. Through this partnership, Sandoz plans to fulfill nearly 90% of its current electricity ne...

Aug 13, 2025

Germany's reliance on gas is raising concerns about a setback in climate progress.

Germany's conservative-led government has initiated a push to quickly construct more gas-fired power plants, raising concerns about a regression in climate policy and causing unease even among its own members. Chancellor Friedrich Merz's coalition prioritizes reviving the struggling economy, asserting that reliable and affordable energy is vital fo...

Aug 13, 2025

OPEC raises its forecast for oil demand in 2026.

**Crude Oil Price Movements** In July, the OPEC Reference Basket (ORB) price rose by $1.24 from the previous month to an average of $70.97 per barrel. The ICE Brent front-month contract fell by 25 cents to an average of $69.55 per barrel, while the NYMEX WTI front-month contract decreased by 9 cents to $67.24 per barrel. Conversely, the GME Oman f...

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