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Power DECODED

Latest edition: 07 May 2024
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Spotlight

ACWA Power seals $4.85bn Uzbek wind project deal

Saudi Arabia-based ACWA Power has signed a SR18.2bn ($4.85bn) power purchase agreement with Uzbekistan's national electric grid for the Aral 5GW wind power project.

Latest news

Ireland identifies four coastal areas for offshore wind projects

The Irish Ministry for the Environment, Climate and Communications has unveiled the draft South Coast Designated Maritime Area Plan (DMAP), marking a step towards harnessing offshore renewable energy.

New report accuses fossil fuel companies of greenwashing, but profits are up

A new report by the Senate Committee on the Budget details how fossil fuel companies have avoided tackling the climate crisis.

Aream and Eiffel form JV for 500MW clean energy projects in Germany

German renewables investor and asset manager Aream Group has formed a JV with France's Eiffel Investment Group to develop clean energy projects in Germany.

CPP Investments and GIP to take Allete private in $6.2bn deal

The Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) have agreed to acquire US-based energy company Allete in a deal valued at $6.2bn (C$8.48bn) inclusive of debt assumption.

Ilmatar seeks permit for 450MW solar plant in Sweden

Nordic energy company Ilmatar has formally applied for an environmental permit to develop a 450MW solar farm in Sweden.

Russian missiles hit 830MW Sloviansk power plant in Ukraine

Russian forces have struck the Sloviansk Thermal Power Plant in Donetsk Oblast, Ukraine, with artillery rockets, on Sunday morning, 5 May.

UK tribunal gives go ahead for lawsuit against Europe power cable-makers

A London tribunal has given the green light for a £790m lawsuit against European power cable suppliers to proceed to trial, with allegations of a cartel inflating UK electricity costs, Reuters has reported.

UAE Power Market

The UAE power market research report discusses the power market structure of the country and provides historical and forecast numbers for capacity, generation, and consumption up to 2035.