The World Bank is financing a tender to equip state-owned hydroelectric power plants in Ukraine with battery energy storage systems (BESS), as the country’s power infrastructure is being battered by missiles from Russia.
France’s financial markets regulator has approved the French Government’s plan to fully control heavily indebted EDF, which it intends to lead efforts to relaunch the nuclear power industry in the country.
The US Department of Energy (DOE) has announced $13 billion financing to support the upgrade and expansion of the US electric grid.
India’s coal-fired power output has surged much faster than any other country in the Asia-Pacific region since Russia’s invasion of Ukraine.
Doosan Enerbility has signed a $1.2 billion contract with Korea Hydro and Nuclear Power (KHNP) to construct the turbine island at the El Dabaa Nuclear Power Plant in Egypt.
Indonesia has signed a deal with the G7 group of industrialised countries on a $20 billion financing package to help it speed up its transition from fossil fuels to renewable energy.
The Powering Past Coal Alliance (PPCA) has reported that countries within the Organisation for Economic Cooperation and Development (OECD) are on track to close over 75 per cent of coal-fired electricity generation by 2030.
Canadian renewable energy company NeoGreen Hydrogen and Portuguese developer of solar PV parks Frequent Summer have announced that they plan to invest €1 billion in a green hydrogen plant in Portugal.
The USA and Ukraine have announced the launch of a project to construct an SMR in Ukraine.
Romanian Prime Minister Nicolae Ciuca has announced that two new reactors will be built at Cernavoda nuclear power plant in the southeast of the country after Romania arranged two loans from the US.