Mission 300: Africa’s Bold Gamble to Power a Continent’s Future

Mission 300: Africa’s Bold Gamble to Power a Continent’s Future

In the vast expanse of Sub-Saharan Africa, as night falls, entire communities fade into darkness. Nearly 600 million people—more than half the region’s population—still live without electricity. But now, a sweeping and ambitious plan is taking shape to flip the switch for nearly half of them. It’s called Mission 300, and its goal is as bold as it is urgent: connect 300 million Africans to … Continue reading Mission 300: Africa’s Bold Gamble to Power a Continent’s Future

Siemens Energy replaces federal guarantee with a new bank facility

Siemens Energy replaces federal guarantee with a new bank facility

Press Release – June 5, 2025 – Siemens Energy has completed the planned replacement of the €11 billion facility backed by the German federal government. A new €9 billion facility, together with existing guarantee lines, will continue to support and underpin the company’s large-scale project business. The €1 billion facility previously backed by Siemens AG has also been replaced under the new agreement. Maria Ferraro, … Continue reading Siemens Energy replaces federal guarantee with a new bank facility

WSP to acquire Ricardo, a global strategic and engineering consultancy firm

WSP to acquire Ricardo, a global strategic and engineering consultancy firm

MONTREAL, June 11, 2025 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world’s leading professional services firms, announces that it has reached agreements to acquire the entire issued and to be issued share capital of Ricardo plc (“Ricardo”) for 430 pence (the “Offer Price”) per share (the “Acquisition”). This Acquisition underscores WSP’s commitment to expanding its footprint in … Continue reading WSP to acquire Ricardo, a global strategic and engineering consultancy firm

GE Vernova

GE Vernova and Uniper announce turbine upgrade at Grain power station in Kent, UK

LONDON, United Kingdom (June 5, 2025) – GE Vernova (NYSE: GEV) today announced that Uniper signed a contractual service agreement to upgrade three GT26 gas turbine units powering Uniper’s Grain power station in Kent, UK. This GT26 High Efficiency (HE) upgrade is expected to increase efficiency and the power output, while supporting Uniper’s ambition to decarbonise its fleet by reducing carbon intensity (CO2 emissions per MW) at … Continue reading GE Vernova and Uniper announce turbine upgrade at Grain power station in Kent, UK

African Development Bank 2025 Annual Meetings

African Development Bank 2025 Annual Meetings: “Making Africa’s Capital Work Better for Africa’s Development.”

The African Development Bank Group’s 2025 Annual Meetings open next week amidst shifting winds of global trade. Forty-seven of Africa’s fifty-four countries have been affected by new U.S. trade measures, with 22 facing tariffs of up to 50 percent on a wide range of exports. In the context of evolving U.S. foreign assistance priorities and reduced USAID funding, African nations are navigating a changing landscape … Continue reading African Development Bank 2025 Annual Meetings: “Making Africa’s Capital Work Better for Africa’s Development.”

Siemens and TURN2X join forces to scale up green energy production

Siemens and TURN2X join forces to scale up green energy production

Siemens to become preferred supplier and technology partner for TURN2X’s production of renewable natural gas Agreement includes broad scope from the Siemens Xcelerator portfolio Partnership directly contributes to expanding the availability of green energy alternatives Today, the technology company Siemens and Germany-based TURN2X announced a Global Partnership aimed at advancing the production of renewable natural gas through a comprehensive technological collaboration. This partnership responds to … Continue reading Siemens and TURN2X join forces to scale up green energy production

Second round of new hydrogen projects

Second round of new hydrogen projects will accelerate development of innovative new industry and boost energy security

Press Release – 7 April 2025 – RenewableUK Welcoming the Government’s announcement that 27 hydrogen projects have been shortlisted for the next stage of the second Hydrogen Allocation Round (HAR2), supporting low-carbon hydrogen production in the UK, RenewableUK’s Director of Future Electricity Systems Barnaby Wharton said: “This is great news as the second round of new hydrogen projects will accelerate the development of an innovative new … Continue reading Second round of new hydrogen projects will accelerate development of innovative new industry and boost energy security

Hitachi Energy selected for 950-km HVDC transmission system to deliver 6 GW of renewable energy in India

Hitachi Energy selected for 950-km HVDC transmission system to deliver 6 GW of renewable energy in India

Press Release – Zurich, Switzerland – 03.04.2025 – Rajasthan Part I Power Transmission Limited, a subsidiary of Adani Energy Solutions Ltd. (“AESL”), has awarded a major contract to a consortium comprising Hitachi Energy and Bharat Heavy Electricals Limited (BHEL). The contract will see the consortium design and deliver high-voltage direct current (HVDC) terminals to transmit renewable energy from the Bhadla area of Rajasthan to the … Continue reading Hitachi Energy selected for 950-km HVDC transmission system to deliver 6 GW of renewable energy in India

Climate Policy

Amazon deforestation threatens Brazil’s energy security and generates billions in losses for the electricity sector

Brazil‘s two largest hydroelectric power plants have a combined annual loss of 3.8 thousand GWh of energy due to deforestation.  Press Release – 31 March, 2025 – The deforestation of the Amazon forest is costing Brazil immensely. An unprecedented study by Climate Policy Initiative/PUC-RIO (CPI/PUC-RIO) and Amazon 2030 identifies that the Itaipu and Belo Monte plants, together, lose the equivalent of the electricity consumption of 1.5 million people due to the deforestation of the Amazon raiforest. The energy generation loss causes an annual shortfall of more than US$ 200 million in revenue for the plants. “Hydropower is a renewable, inexpensive source of generation that provides greater flexibility for operating the electricity system. But it is also a source that is very … Continue reading Amazon deforestation threatens Brazil’s energy security and generates billions in losses for the electricity sector