EDF power solutions North America and Masdar, Abu Dhabi energy company, co-owners of the BigBeau Solar+Storage Project, have entered into 15-year power purchase agreements covering the output from the 128 megawatt (MWac) solar plant and its 40 MW/160 MWh battery energy storage system.
Acwa Power Philippines, a subsidiary of Acwa, has signed a Joint Development Agreement (JDA) with Emerging Power (EPI), the clean energy arm of Nickel Asia Corporation (NAC), to jointly pursue up to 5,000 MW of renewable energy and gas-fired generation capacity across the Philippines.
OQ Exploration and Production (OQEP) Company has signed a memorandum of understanding with Libya’s Investment Authority to strengthen energy cooperation. The agreement aims to explore joint oil and gas investment opportunities in Oman, Libya and international markets.
South Korea’s inflation rose to a 26-month high in May, reaching 3.1 per cent year-on-year. The increase was driven mainly by higher fuel costs amid volatility in global energy markets, according to Statistics Korea.
Construction has begun on Uzbekistan's first nuclear power plant, a project estimated to cost $9.5 billion. The launch was announced by the presidential press service, with officials saying the facility will strengthen the country's future electricity supply.
European Union (EU) imports of liquefied natural gas (LNG) continued to decline in recent months, falling by 1.2 per cent between March and May 2026, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).
Saudi Energy (formerly Saudi Electricity Company) said it has commissioned the world’s largest grid-side grid-forming Battery Energy Storage System (BESS) project with a total installed capacity of 2.5GW, utilising BYD’s advanced energy storage technology across five strategic locations in Saudi Arabia.
With global temperatures at near-record levels and El Nino set to return, governments, businesses, communities, and individuals across the world marked World Environment Day on June 5, sounding the alarm on the need to urgently address climate change.
Despite ongoing disruption to oil flows through the Strait of Hormuz and continued uncertainty surrounding the conflict involving Iran, OPEC has maintained its forecast for global oil demand growth, citing no evidence of a slowdown in consumption.
The clean energy production capacity of Dubai Electricity and Water Authority (DEWA) now accounts for more than 21.5% of its total energy production capacity, said Saeed Mohammed Al Tayer, MD and CEO of DEWA.
