The Egyptian government has finalized a financial closure agreement with Scatec ASA $SCATC.OL —a leading Norwegian renewable energy developer—for a 1 gigawatt (GW) solar project, marking a significant step toward expanding the country's clean energy portfolio. The agreement, announced by the Egyptian Cabinet, enables the project to officially advance to the construction phase.

Woodside Energy $WDS, Australia's largest natural gas producer, has announced plans to reduce its stake in the Louisiana LNG project by 20-30%. This move comes as interest in the project, valued at $17.5 billion, continues to grow following its final approval last week. The decision marks a strategic shift for Woodside, as the company looks to balance its ownership structure while capitalizing on the increased interest in liquefied natural gas (LNG). This article explores the reasons behind Woodside's decision to trim its stake, the potential impacts on the project, and how the move reflects broader trends in the energy sector.

In a pivotal move on Thursday, the U.S. Federal Energy Regulatory Commission (FERC) approved BlackRock’s $BLK acquisition of large stakes in utility companies. This decision marks an important milestone for the world’s largest asset manager, setting a precedent amid concerns over its potential market influence.  

Dutch energy company TenneT has announced a comprehensive restructuring of its financing framework geared toward streamlining operations between its Netherlands and German segments. This strategic maneuver is intended to optimize investment activities, promote sustainable growth, and pave the way for the potential sale of its German division—a decision approved in December of last year.