Companies
Canada Government Announces CAD 3B Funding for SMR Projects
Two Canadian government agencies will together invest CAD3 billion (USD2.1 billion) in Ontario Power Generation’s (OPG) Darlington New Nuclear Project, acquiring minority stakes to help reduce financial and operational risks associated with building small modular reactors (SMRs). Canada Growth...
Companies
EBRD Funds Ignitis Group’s Kelmė Wind Farm in Lithuania
The European Bank for Reconstruction and Development (EBRD) has granted a loan of €79.5 million to Ignitis Group, forming part of a broader €318 million financing arrangement aimed at advancing Lithuania’s clean energy transition. The financing will help Ignitis...
America
Amazon and X-Energy Partner to Boost Nuclear Energy Capacity
X-Energy Reactor Company, a leading developer of advanced nuclear reactors and fuel technology, has closed a Series C-1 financing round of about $500 million, led by Amazon.com. The funds will go toward finishing X-energy's reactor design and licensing work...
Europe
Netherlands to Extend Borssele and Plans Nuclear Advancement
The Dutch government has announced plans to keep the Borssele nuclear power plant operational beyond 2033 and has submitted an amendment to the Nuclear Energy Act to the House of Representatives. Minister of Climate and Green Growth, Hermans, confirmed...
Companies
Equinor Launches Production at Brazil’s Bacalhau Oil Field
Equinor, together with partners ExxonMobil Brasil, Petrogal Brasil, and Pré-sal Petróleo SA, has started production at the Bacalhau oil field in Brazil. With recoverable reserves exceeding 1 billion barrels of oil equivalent (boe), Bacalhau is the largest international offshore...
Asia
EWEC Awards Khazna Solar PV Project to ENGIE and Masdar
EWEC (Emirates Water and Electricity Company), a key player in the integrated planning, procurement, supply, and system dispatch of water and electricity across the UAE, has confirmed the award of its 1.5-gigawatt (GW) (AC) Khazna Solar Photovoltaic (PV) Independent...
Asia
Gazprom, Kazakhstan Sign MOU for New Cross-Border Pipeline
Russia’s energy major Gazprom has signed a memorandum with the government of Kazakhstan to build a new cross-border gas pipeline linking the two countries.
The deal was reached during a meeting between Kazakh First Deputy Prime Minister Roman Sklyar and...
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