Egypt invests EGP 7.6b to upgrade power infrastructure in ’24
The Egyptian Electricity Transmission Company (EETC) invested approximately EGP 7.6 billion in the 2023/2024 fiscal…
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renewable energy
EIB, Iberdrola partner for €100m Sicilian photovoltaic plant
The European Investment Bank (EIB) and Iberdrola, backed by SACE’s Archimede Guarantee, have signed a €100 million…
Japan’s Idemitsu increases stakes in Vecco Group
Japan's Idemitsu Kosan announced on Wednesday that it will raise its ownership in Vecco Group to 50.1 per cent from…
Global coal demand to plateau in coming years – IEA
Global coal demand is expected to plateau in the coming years after reaching a record high in 2024, driven by the…
Egypt inaugurates 500-mw solar power plant in Kom Ombo
Egypt’s Prime Minister Moustafa Madbouly inaugurated the 500-megawatt Abydos 1 Solar Power Plant in Kom Ombo.
BP, Japan’s Jera to merge offshore wind operations by ’30
BP Plc and Japan’s Jera Co. announced plans to merge their offshore wind operations into a joint venture named JERA…
ADB Approves $22.58M for Kyrgyz Republic
The Asian Development Bank (ADB) announced on Monday that it had approved a $22.58 million small expenditure…
Thailand secures $820m loan for renewable energy projects
The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited, a subsidiary of Gulf Energy Development…
Italy secures €500m loan from EIB, Enel
The European Investment Bank (EIB) and Enel Group’s E-Distribuzione have signed the first €250 million tranche of a…
German Cabinet approves measures to promote startups
The German Cabinet approved the Second Financing for the Future Act on Wednesday, aiming to promote startups and…