The energy market has changed as attention shifts to renewable sources and companies are faced with a balancing act of affordability and carbon footprint. Some predict we are set for a turbulent year of energy pricing and supply security.
By Andrew King, Founder of SGT
Monetnegro’s state-owned power utility Elektroprivreda Crne Gore (EPCG) has started groundbreaking for its first wind farm, Gvozd, with a capacity of 54.6 MW.
Herman Halushchenko, Ukraine’s Minister of Energy, said that the key focus for renewable energy sources in Ukraine in 2025 will be the development of wind energy.
At COP29 in Baku, Azerbaijan, Egypt has signed two MOUs to develop 5.2 GW of renewable energy capacity in the country.
As the world’s second-largest user of offshore wind, the UK is at the forefront of renewable energy adoption, driven in part by its net-zero goals. However, while this shift offers significant opportunities for organisations in the sector, it also introduces hidden vulnerabilities. Small but critical solar and wind energy plants are increasingly at risk of cyberattacks, and a single attack could disrupt the entire UK energy grid. As reliance on these smaller renewable energy plants grows, the government, regulators, and energy companies must prioritise cybersecurity concerns to ensure energy security for the long-term.
By Phil Tonkin, Field CTO at Dragos
The US Department of Agriculture (USDA) has awarded nearly $2.5 billion for Tri-State Generation and Transmission Association to retire 1.1 GW of existing coal-fired power plants and acquire about 1.3 GW of new renewable energy resources across the US states of Arizona, Colorado, New Mexico, and Wyoming.
Eurowind Energy has announced its intention to build projects that will add a total of 1 GW of power generation capacity over the next two years in Europe.
GE Vernova has announced that it has signed an agreement with Aula Energy and CS Energy to provide 38.6 MW-164m turbines for their Boulder Creek Wind Farm in Queensland, Australia.
GE Vernova has been selected by IVPC Group to repower five wind turbines at its Montefalcone wind farm in Italy.
JSW Energy’s subsidiary JSW Renew Energy Two has commissioned the 300 MW wind power project at Tuticorin, Tamil Nadu, India, for Solar Energy Corporation of India (SECI).