Globeleq and African Rainbow Energy advance 612MWh BESS project
Globeleq and African Rainbow Energy have advanced the development of the 153 MW/612 megawatt hours (MWh) Red Sands battery energy…
Power
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GE Vernova explores Proficy software business sale
GE Vernova is considering the sale of its industrial software division, Proficy. This could generate up to $1bn, as reported…
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Siemens to begin manufacturing large power transformers in US by 2027
Siemens Energy has announced its intention to commence production of industrial-scale large power transformers (LPTs) in the US by 2027,…
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Syria’s electricity recovery project receives $146m grant
The World Bank’s board of executive directors has sanctioned a grant to strengthen Syria’s power sector. A $146m grant from…
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Germany’s plans for selective electricity tax cut draw criticism
Germany's decision to implement a selective reduction in electricity taxes for various sectors, including energy, retail and industrial, has sparked…
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US DoE issues emergency order in southeast US to prevent blackouts
The US Department of Energy (DoE) has issued an emergency order to address potential electricity shortages in the southeastern US.…
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Pakistan signs $4.5bn Islamic finance deal to clear power sector debt
Pakistan has entered into term sheets with 18 commercial banks for an Islamic finance facility amounting to PKR1.275tn ($4.5bn) to…
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NEDO works with Nissin Electric on India’s micro substation project
The New Energy and Industrial Technology Development Organization (NEDO) is collaborating with Nissin Electric on a demonstration research project focused…
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Spain’s regulator revises power grid regulations after April 2025 blackout
Spain’s National Commission on Markets and Competition, CNMC, has announced a revision of technical standards that govern the specifics of…
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Spain’s grid operator disputes official claims, blaming plants for blackout
Spain's grid operator Redeia has countered a government report attributing April 2025's extensive Iberian Peninsula blackout to its miscalculation of…
