Sabanci Renewables deepens U.S. presence with latest acquisition of Texas solar project
Tolga Kaan Doğancıoglu, CEO of Sabanci Climate Technologies New investment shows Sabanci on track to meet 2030 goal of 3,000 MWdc renewables portfolio, signaling strong execution track record in U.S. clean energy market. McLennan County, Texas - Sabanci Renewables, the U.S.-based renewables platform of Sabanci Group, has acquired the 156 MWdc Pepper Solar Power Plant in McLennan County, Texas, from OCI Energy. The transaction marks Sabanci Renewables’ third utility-scale solar project...
Lumut Balai Unit 2 Geothermal Power Plant Fully Operational, PGE Adds 55 MW Toward 1 GW Target
Project Manager of the Lumut Balai Unit 2 Project at PGE Achmad Sri Fadli, Director of Finance of PT Pertamina Geothermal Energy Tbk Yurizki Rio, President Director of PT Pertamina Geothermal Energy Tbk Julfi Hadi, Director Operation of PT Pertamina Geothermal Energy Tbk Ahmad Yani, and VP Project Management of PT Pertamina Geothermal Energy Tbk Fandi Indra Bangsawan, conduct a ribbon-cutting ceremony to mark a major milestone achieved by PGE in the operationalization of the Lumut Balai Unit 2 G...
Line of Fire: How Wildfires Threaten Utility Credit
Summary Between 2020 and 2024, North America experienced an alarming increase in the frequency and severity of wildfires. Wildfire activity has reached unprecedented levels, fuelled by hotter, drier conditions and decades of fuel buildup in forests. The overall credit profile of the utility sector has been shaken by this new risk landscape. -- In what used to be considered a stable, low-risk industry, there has been a growing concern that wildfire-related losses, liabilities, and mitig...
DNV advances Skylark to enable safe scaling of CO2 pipelines for carbon capture and storage
London, 1 July 2025: DNV, the global independent energy expert and assurance provider, is advancing Skylark, a joint industry project to enhance our understanding of carbon dioxide (CO₂) pipeline operations ensuring regulators and operators globally have access to the highest quality of information to make their decisions. Developed in collaboration with the UK Health and Safety Executive Science Division (HSE SD), University of Arkansas, Ricardo’s UK National Chemical Emergency Centre, the Nati...
Renewables soar, but fossil fuels continue to rise as global electricity demand hits record levels
Key Findings: Wind and solar combined grew by 16%, reinforcing their role as the fastest growing areas of the energy system. China was responsible for 56% of new additions with solar almost doubling in just two years. Wind and solar grew nearly nine times faster than total energy demand, and fossil fuels also grew (just over 1%) in 2024. The world saw a 2% annual rise in total energy demand, reaching a new high of 592 EJ. All-time records were reached across ALL forms of ene...
Turning point for CCS is now, DNV report finds, with global capture and storage expected to quadruple by 2030
Up to the end of the decade, cumulative investments in CCS are expected to reach USD 80 billion (£60bn). Recent turmoil and budgetary pressure in the global economy pose risks to CCS deployment, potentially shifting priorities and removing necessary finance needed. CCS will grow to capture 6% (1,300 MtCO2/yr) of global CO2 emissions in 2050, which falls significantly short of what is needed for any net-zero outcome. Oslo, Norway – Cumulative investment in carbon capture and s...
Philippines’ annual renewable power generation to reach 69.4TWh in 2035, forecasts GlobalData
The Department of Energy in the Philippines has established an ambitious objective of attaining 35% renewable energy generation by 2030. Furthermore, the country is on a path to install 15GW of clean energy by the same year. It has also set a target of achieving 50% renewable energy generation by 2040. Against this backdrop, annual electricity generation from renewables in the country is forecast to reach 69.4TWh in 2035, registering a compound annual growth rate (CAGR) of 13.1% during 2024-35,...
Türkiye’s renewable power capacity to reach 38.2GW in 2035, forecasts GlobalData
Türkiye boasts one of the world's most rapidly expanding energy markets, driven by its robust economic growth. However, the country relies heavily on fossil and electricity imports to meet its domestic power demand. To reduce this dependency, the country is looking to expand is renewable capacity. In October 2024, Türkiye's Ministry of Energy unveiled its 2035 roadmap for renewable energy. Against this backdrop, the country’s renewable power capacity is forecast to reach 38.2GW in 2035, register...
Talen Energy Expands Nuclear Energy Relationship with Amazon
Talen enters power purchase agreement for 1,920 megawatts of carbon-free electricity at full quantity to support Amazon operations, and explore SMR technology HOUSTON, June 11, 2025 - Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, announced today that it has expanded its existing nuclear energy relationship with Amazon to provide carbon-free energy from Talen’s Susquehanna nuclear power plant to Amazon Web Serv...
Renewables to account for over half of Brazil’s annual power generation in 2035, forecasts GlobalData
Brazil generates power from a diverse range of sources that include thermal sources (gas, oil, and coal), hydropower, nuclear, and renewable. Hydropower accounts for the majority of the country’s annual power generation. However, overdependence on hydropower has made the country vulnerable to droughts. To overcome the challenge, the country is rapidly developing its renewable power capacity. In 2024, renewable power accounted for 36.7% of the country’s annual power generation and is expected to...
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June Issue 2026
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