RWE and KKR have reached financial close on a 2.8 GW UK offshore wind cluster.
RWE and KKR reach financial close of 2.8GW UK offshore wind clusterwindpowermonthly.comRWE and KKR finalised a $16 billion investment to back UK offshore wind projects.
RWE, KKR finalise $16bn investment for UK offshore wind projectspower-technology.comStates and utilities are rapidly adding large battery energy storage projects nationwide while some towns oppose them.
States are counting on battery farms. Some towns don’t want them.michiganadvance.comOntario Power Generation says the first BWRX-300 small modular reactor will miss its in-service target and exceed its budget.
Leading small modular nuclear reactor will be late and over budgetcanarymedia.comAI summaryVoters across the U.S. overwhelmingly opposed local measures to allow AI data center buildouts, with 46 of 47 ballot initiatives rejecting development. The post-election reaction drove sharp declines in AI-related stocks and ETFs, signaling investor concerns about a potential slowdown in data center construction.
AI summaryNorwegian oil and gas firms lowered their 2026 investment forecast to 266 billion crowns but raised their 2027 outlook to 237 billion, according to an SSB industry survey.
AI summaryAsian buyers are shifting purchases to West African and Brazilian crude as long-haul tanker freight rates have fallen from recent peaks. Traders and shipbrokers say firms including Sinopec/Unipec and SK Energy have bought West African cargoes or chartered Suezmax tonnage, with VLCC and other rates down sharply.
AI summaryMalaysia's LSS5+ large-scale solar PV project, with total investment over US$100 million, was signed at a cooperation ceremony and is jointly owned by China Power Engineering Consulting Group and Jaks Resources Berhad.
AI summaryPNE boosted normalised EBITDA to €45.4m in the first nine months of 2026 as project sales and permitting progressed, with reported EBITDA at €43.9m and EBIT improving to €15.0m. The German renewables firm sold ~361MW of wind and solar projects, secured ~965MW of permits and raised full-year EBITDA guidance to €65–80m.
AI summaryRepsol approved a 150MW renewable hydrogen electrolyser in Tarragona, Spain, a roughly €400m project being developed with Enagas Renovable (25% stake) to produce over 22,000 tonnes/year for its Ecoplanta and Tarragona refinery and other uses.
AI summaryEnBW’s renewables unit saw adjusted EBITDA fall to €708.9m for the first nine months of 2026, down from €792.6m, hit by low river levels and weaker power prices affecting run-of-river hydropower.
AI summaryRWE has agreed a £12bn joint venture with KKR to develop 2.8 GW of UK offshore wind and hydrogen-ready gas plants, adding substantial capital intensity and project risk to its pipeline.
AI summaryS&P Global released a report at COP31 in Antalya examining how adopting clean technologies can boost economic and energy resilience by lowering oil-import exposure, while noting new strategic dependencies.
AI summaryInpex has signed the first LNG sales and purchase agreements for the planned Abadi LNG project in Indonesia, the company confirmed. Inpex has also completed FEED work and is targeting a final investment decision around mid-2027 while starting EPC tendering.
AI summaryRegulator ANRE approved rules letting solar prosumers in Romania apply the monetary value of surplus PV generation at one property to bills at other eligible properties served by the same supplier, implementing Law No. 160/2026.
AI summaryDeutsche Windtechnik Offshore won a five-year O&M contract from XceCo to service all 54 Siemens SWT-3.6-107 turbines at the Lynn & Inner Dowsing UK offshore wind farms, a combined 194.4MW, with mobilisation and handover already underway.
AI summaryBeko CEO Can Dinçer argued at COP31 in Türkiye that energy-efficient, connected home appliances can help meet rising electricity demand and cut emissions and household energy costs.
AI summaryBalancing costs rose 16% to £3.1 billion in 2025/2026, with just under £0.5 billion paid to wind farms to turn down and thermal constraints the largest component.
AI summaryTorus, a Utah energy storage developer, raised $500 million in Series C funding led by Magnetar and launched Foundry, a prefabricated modular AI data center product delivered in shipping-sized containers with 1–20 MW capacity per site.
AI summaryPower plant developer Shanghai Electric Power integrated sea turtle conservation into the Hunutlu plant’s design and operations at Iskenderun Bay, optimizing transport infrastructure and pausing nearby work and lights during nesting season.
AI summaryAlinta Energy has begun commercial operation of its 100 MW / 200 MWh Wagerup battery energy storage system in Western Australia, adjacent to its 392 MW Wagerup gas plant, to support renewable integration into the SWIS.
AI summaryPrincipal Buyer issued an RFQ for developers to qualify for Round 8 of Saudi Arabia’s NREP, covering three projects totaling 3.2GW. The RFQ covers a 900MW PV IPP in Riyadh, a 1GW PV IPP in Aseer and a 1.3GW wind IPP in Makkah, overseen by the Ministry of Energy.
End of the wire · 20 stories