The world’s first E-STATCOM was officially commissioned in Mehrum, Germany in early December by Siemens Energy.
The US Department of Energy (DOE) has announced that it will provide $800 million to support development of SMRs by the Tennessee Valley Authority (TVA) and Holtec.
Canada’s Bruce Power has signed an exclusive agreement with Siemens Energy Canada for new high-pressure steam turbines for its Bruce A nuclear units.
Egypt has announced a new collaboration between the New and Renewable Energy Authority (NREA) and an Egyptian-Japanese consortium to build a combined 20 MW solar power plant and a 30 MWh battery energy storage system (BESS) in Hurghada on Egypt’s Red Sea coast.
China’s EXIM Bank has issued a warning to the Bangladesh-China Power Company Ltd (BCPCL) that a failure to repay a $129 million loan instalment for the 1320 MW Payra coal-fired power plant due in early December could trigger a formal default, potentially affecting other projects in Bangladesh financed by the bank.
Following last week’s Russian attacks, the International Atomic Energy Agency (IAEA) has reported that three Ukrainian nuclear power plants have resumed normal operations and are operating at full capacity. Damaged high-voltage power lines have been restored.
Ørsted has announced that the Irish government has awarded rights to develop a 900 MW offshore wind farm to a joint venture between it and Irish utility ESB.
Brazil’s National Electric Energy Agency (Aneel) has authorised Casa dos Ventos to operate new wind and solar farms in the northeast region of Brazil.
Alparslan Bayraktar, Türkiye’s Energy Minister, has announced that Türkiye and the World Bank have begun talks for $6 billion in financing to upgrade the country’s electricity transmission system.
During the G20 Africa Energy Investment Forum, African leaders stated that Africa’s path to future-ready energy systems depended on leveraging both fossil fuels and renewables.