Adnoc Acquires Covestro for €12B, Strengthens Diversification in Europe

Adnoc, the UAE’s national oil company, has acquired German chemical giant Covestro for €12 billion. This…

Polarium Secures $49 Million to Fuel Growth Amid Financial Struggles

Polarium, a Swedish energy storage systems manufacturer, raised 500 million Swedish kronor (about $49 million) through…

Heat Wave Sparks Surge in Western US Electricity Prices

An intense heat wave in the western United States is driving a sharp rise in wholesale…

Tropical Storm Helene Exposes Grid Vulnerabilities, Leaves Millions Without Power

Tropical Storm Helene slammed energy infrastructure across the southeastern United States, forcing Southern Company and Duke…

Eskom Seeks 36% Price Hike Amid Financial Struggles in South Africa

South Africa’s state-owned power utility, Eskom, has requested approval from the National Energy Regulator of SA…

Zambia Extends Power Cuts to 17 Hours, Economic Outlook Dims

Zambia will extend daily power cuts to 17 hours starting in September due to a severe…

Zelestra Secures €132M for 435 MW Solar Plant in India

Zelestra has secured €132 million to fund its 435 MW Gorbea solar power plant in Rajasthan,…

Integrating Renewables: Key Reforms Needed for Solar and Wind Power Success

The rapid growth of solar and wind power is transforming global energy, but the International Energy…

Nigeria’s Power Generation Drops 45.4%, Sparking Calls for Reform

Power generation in Nigeria saw a dramatic 45.4% decline yesterday, dropping to 2,777.04 megawatts (MW) after…

Zambia Turns to Coal as Drought Cripples Hydropower

Zambia approved the construction of a 300 MW coal-fired power plant to address an ongoing energy…