In a landmark move for the global steel industry, a powerful consortium—Primetals Technologies, Mitsubishi Corporation, Rio Tinto, and voestalpine—is building the world’s first integrated industrial-scale hydrogen-based direct reduction and smelting plant in Linz, Austria. Scheduled for launch in mid-2027, the facility promises ...
Masdar Takes Full Control of TERNA ENERGY in Landmark €3.2B Deal
Masdar, the UAE’s flagship clean energy company, has completed its acquisition of 100% of TERNA ENERGY, cementing its position as a major player in Europe’s renewable energy sector. The deal, valued at €3.2 billion, marks the largest energy transaction in Greek history and a milestone for EU clean energy investments. The acqu...
Vattenfall Greenlights Germany’s Largest Offshore Wind Farm
Swedish energy company Vattenfall has made its final investment decision on the Nordlicht 1 and 2 offshore wind projects, set to deliver 1.6 GW of capacity in Germany’s North Sea. Once completed, Nordlicht 1 will become Germany’s largest offshore wind farm, generating enough electricity to power 1.6 million households annually. ...
China Breaks Clean Energy Records in Q1 2025 as Solar and Wind Lead Power Shift
China is accelerating its transition to clean energy, with renewable sources accounting for a record 39% of the country’s electricity mix in the first quarter of 2025—up from 34% in the same period last year. The shift marks a significant step in the nation’s long-term decarbonization strategy and positions it as a global leader...
€400M Antofagasta Wind Farm Begins Power Production in Chile
Repsol has officially launched electricity production at Antofagasta Phase 1, its largest wind energy project to date and one of the biggest renewable facilities in Chile. Located in Taltal in the Antofagasta region, the 364 MW wind farm represents a €400 million investment and a key milestone in Repsol’s independent renewable e...
Masdar to Develop $1B Floating Solar Projects in Indonesia, Expanding Renewable Energy Capacity
Masdar, the UAE’s leading renewable energy company, has secured two major agreements with PT PLN (Persero), Indonesia’s state-owned electricity provider, to accelerate the deployment of floating solar power in the Southeast Asian nation. The agreements, which were signed during a state visit by Indonesia’s President H.E. Prabowo...