According to China Electricity Council (CEC), strong growth in the tertiary sector in Oct was primarily driven by retail and IT services, up 24.4% and 21.0% YoY, respectively. Power demand in accommodation and catering was up 18.4% YoY thanks to a strong National Day holiday. Also, the robust residential growth was owing to cooler temperatures in the North and warmer weather in Southern China. Power consumption in Jiangxi, Zhejiang, and Shanghai surged 66%/63%/47% YoY on warmer temperatures, and major provi ...

JBB BUILDERS(01903)公布，JBB Builders(M)Sdn.Bhd.(公司全资附属公司)与合营伙伴(Samaiden Group Berhad的全资附属公司，而Samaiden Group Berhad于为一间马来西亚证券交易所有限公司上市的公司 (股份代号：0223))组成的财团于2025年9月收到马来西亚能源委员会通知函。该函件通知财团，其已获 选为入围投标者，以承办该项目，即在马来西亚柔佛州昔加末发展99.99MWac的大型太阳能光伏电厂。 该电厂的预定商业营运日期为2028年2月29日或之前。合营公司与Tenaga Nasional Berhad将订立一份为 期21年的太阳能电力购买协议，以供应该电厂所产生的太阳能电力。于2025年11月18日(联交所交易时 段后)，JBB Builders(M)Sdn.Bhd.与合营伙伴就成立合营企业以实施该项目订立协议。 根据财团对成立合营企业的安排，JBB Builders(M)Sdn.Bhd.就该项目向合营公司注入的资本总额预期不 超过6500万林吉特。根据协议规定，各方的出资额将与其股权成正比。 参与该项可再生能源项目可进一步丰富及强化 ...

RT Bloomberg New Economy (@BBGNewEconomy)Zero-emission power from wind, solar, tidal, hydro and geothermal is reshaping markets. Hydrogen, biofuels and batteries are transforming industry and mobility.How is the energy transition is changing the balance of power and opportunity? Join us for the #BloombergNewEconomy Forum November 19-21.https://t.co/uA6KMlyLle ...

Core Insights - Google is collaborating with NextEra Energy to revive the Duane Arnold Energy Center nuclear power plant in Iowa, which was closed in 2020 [1][2] - The partnership aims to enhance Google's zero-carbon energy sources for its data centers, with Google agreeing to purchase a majority of the plant's power for 25 years [3][4] Company Developments - NextEra Energy has been seeking a partner for the past year to restart the Duane Arnold reactor, which was originally designed to generate 601 megawatts of electricity, with plans to add an additional 14 megawatts upon renovation [2][3] - The Duane Arnold Energy Center was shut down due to damage from a summer derecho, affecting its secondary containment system [2] Industry Trends - There is a growing trend of reviving nuclear power plants as tech companies and data center developers look for reliable energy sources amid increasing electricity demand [4] - Restarting existing reactors is viewed as a quicker alternative to building new nuclear facilities, which can take years to develop, while companies are also exploring solar and battery solutions for faster deployment [8]

Core Insights - Competitive renewable technologies such as solar, wind, and batteries are driving the shift from fossil fuels to renewables, with solar leading the way even amid global unrest [1][4] - Statkraft's annual report analyzes the energy transition across three scenarios: optimistic, delayed, and one marked by global unrest [2] Scenario Analysis - In the green scenario, global warming can be limited to 1.9 degrees, aligning with the Paris Agreement's 2 degrees goal, but insufficient for the 1.5 degrees target [3] - If the energy transition does not maintain a high pace, a temperature increase of around 2.4 degrees is predicted, leading to significant consequences [3][4] Emission Reduction and Challenges - Achieving the 2-degree target of the Paris Agreement requires a faster pace of emission cuts than currently observed, with geopolitical tensions and economic challenges impacting the transition speed [4] - The last and most challenging emission cuts, particularly in industry and long-distance transport, are becoming harder and more expensive than previously assumed [4] Renewable Energy Growth - Renewable energy is essential not only for replacing coal and gas but also for accelerating the electrification of transportation and heating [5] - Investments in clean energy and infrastructure in 2024 were nearly double those in fossil fuels globally, with solar generation expected to grow 3-6 times from 2024 to 2035 and 6-12 times by 2050 [6] Future Projections - The share of renewables globally is expected to exceed 50 percent by 2035 and cover 66-80 percent of the power mix by 2050 [6] - Annual clean power production is anticipated to soon exceed global power demand, indicating that peak emissions from the power sector are likely behind us [7] Energy Security and Competitiveness - Renewable energy is crucial for achieving climate targets and ensuring energy security and competitiveness in Europe [8] - The EU has reduced greenhouse gas emissions by over a third since 1990 while experiencing significant economic growth, demonstrating the feasibility of cutting emissions alongside economic development [9] Key Trends - Solar and wind power are projected to become the largest energy sources globally by 2035 [10] - The significant drop in battery costs is enabling critical flexibility necessary for deploying more wind and solar power [10] - Gas is expected to remain part of the energy mix longer than anticipated due to scaling challenges faced by hydrogen [10]

Core Insights - Meta and ENGIE are expanding their power purchase agreements in the U.S. to over 1.3 gigawatts (GW) with a new 600 megawatt (MW) solar project in Texas [1] Group 1: Company Developments - Meta is collaborating with ENGIE to enhance its renewable energy portfolio through the addition of a significant solar project [1] - The new solar project will contribute to Meta's sustainability goals and energy needs [1] Group 2: Industry Impact - The expansion of power purchase agreements reflects a growing trend among tech companies to invest in renewable energy sources [1] - The addition of 600 MW of solar capacity is part of a broader movement towards sustainable energy solutions in the utility sector [1]

Core Insights - Ares Management Corporation has acquired a 49% ownership stake in a portfolio of assets from EDP Renováveis, with an estimated enterprise value of approximately $2.9 billion [1] - The portfolio consists of ten assets with a total capacity of 1,632 MW, including 1,030 MW of solar, 402 MW of wind, and 200 MW of storage capacity across four US power markets [1] Investment Details - All projects within the portfolio have long-term power purchase agreements, averaging a remaining contract period of 18 years [2] - The investment enhances Ares' presence in key domestic power markets and diversifies its interests in growing energy subsectors [3] Strategic Implications - The total capacity of power generation assets in which the Ares fund holds interests has increased to approximately 5.7 GW across 11 US states and five power markets since September 2024 [4] - EDP Renováveis is recognized as a renewable energy developer with operations in Europe, the Americas, and Asia-Pacific regions [4] Recent Transactions - In June, Ares Management's Alternative Credit funds agreed to acquire a 20% interest in Eni's subsidiary, Plenitude, for €2 billion (approximately $2.3 billion) [5]

Core Insights - Iraq is poised to increase its crude oil exports by approximately 250,000 barrels per day by transitioning to renewable energy sources, particularly solar power, which will reduce local oil consumption [1][2] - The Iraqi government has ambitious plans to expand solar power capacity significantly, aiming for 12 GW by the end of the decade, up from just 42 MW at the end of 2024 [3] - Iraq's oil production is set to rise to 5.5 million barrels per day by the end of the year, with a long-term goal of reaching 7 million barrels per day by 2030 [4] Group 1: Renewable Energy Transition - Iraq currently relies on solar power for less than 1% of its electricity, with the majority generated from natural gas, much of which is imported from Iran [2] - The transition to renewable energy is expected to save Iraq a significant amount of crude oil for export, enhancing revenue potential [1][2] Group 2: Solar Power Initiatives - French TotalEnergies has initiated a 1-GW solar power project in Iraq, with the first phase of 250 MW expected to be operational by the end of the year [3] - The Iraqi government is committed to expanding solar energy infrastructure as part of its broader energy strategy [3] Group 3: Oil Production Goals - Iraq's current oil production averages 4.4 million barrels per day, with plans to increase this to 5.5 million barrels per day by year-end [4] - The government aims to capitalize on its vast oil reserves, indicating a strategic focus on maximizing production in the near term [4]

Core Insights - Ellomay Capital Ltd. reported its unaudited interim consolidated financial results for the first half of 2025, showing a revenue increase of approximately 3.5% compared to the same period last year, with total revenues reaching approximately €20.1 million [4][3]. Financial Overview - Total assets as of June 30, 2025, amounted to approximately €729.3 million, an increase from approximately €677.3 million as of December 31, 2024 [3]. - Revenues for the three months ended June 30, 2025, were approximately €11.3 million, slightly up from €11.2 million for the same period in 2024 [3]. - Loss for the three months ended June 30, 2025, was approximately €8.4 million, compared to a profit of approximately €1.6 million for the same period in 2024 [3]. - EBITDA for the six months ended June 30, 2025, was approximately €6.1 million, down from approximately €6.5 million for the same period in 2024 [3]. - Operating expenses decreased to approximately €9.2 million for the six months ended June 30, 2025, from approximately €9.5 million for the same period in 2024 [3]. - Financing expenses, net, were approximately €1 million for the six months ended June 30, 2025, down from approximately €2.6 million for the same period in 2024 [3]. Project Development and Future Outlook - In Italy, financing agreements were signed for solar projects totaling 198 MW, with construction on 160 MW already underway [5]. - In the USA, the construction of the first four projects (49 MW) has been completed, with three connected to the grid [6]. - In the Netherlands, the company expects to receive a license to increase production at the GGG facility by 64% [7]. - In Israel, negotiations are ongoing with the Israeli Electricity Authority for compensation related to project delays and war damage [8]. Other Financial Highlights - The company's share of profit from equity accounted investees was approximately €12 thousand for the six months ended June 30, 2025, down from approximately €1.8 million for the same period in 2024 [3]. - Other income for the six months ended June 30, 2025, was approximately €1.4 million, compared to €0 for the same period in 2024 [3]. - Tax benefit was approximately €1.8 million for the six months ended June 30, 2025, compared to €1 million for the same period in 2024 [3].

Core Insights - Vistra Corp. is expanding its Permian Basin Power Plant by adding two new natural gas units, increasing capacity from 325 megawatts to 1,185 megawatts to meet rising electricity demand in Texas [1][2] - The expansion is part of Vistra's long-term strategy to enhance the Electric Reliability Council of Texas (ERCOT) grid, with plans to add over 2,000 megawatts of new capacity by 2028 [2][5] - Texas Governor Greg Abbott supports the expansion, highlighting its potential to stabilize the grid, create jobs, and boost the state's economy [3] Company Developments - Since 2020, Vistra has added approximately 1,000 megawatts of new capacity through various upgrades and projects [2] - The company has completed over 400 megawatts of upgrades across its Texas gas plants and is nearing completion of a 200-megawatt solar facility [4] - Vistra plans to repower the retiring Coleto Creek coal site with natural gas, restoring 630 megawatts of capacity, which will diversify energy supply while maintaining dispatchable power [4] Financial Commitment - Vistra expects to invest nearly $2 billion in Texas projects since 2020, resulting in a total addition of about 3,100 megawatts of new capacity [5] - The expansion reinforces Vistra's commitment to providing reliable and affordable energy across the nation [5] Market Reaction - Vistra's shares are currently trading lower by 2.06% at $202.95 [6]