Colombian state-owned oil company Ecopetrol S.A. $EC announced on Tuesday a significant step in its energy transition strategy: the acquisition of ten renewable energy firms from Norwegian utility Statkraft, marking the latter’s complete exit from Colombia. The deal consolidates Ecopetrol’s commitment to decarbonization while ensuring energy self-sufficiency for its industrial operations.
E.ON $EONGY, Europe’s largest energy network operator, has reported a robust first-quarter performance for 2025, demonstrating significant growth fueled by the company’s strategic investments in its energy networks. The company’s adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged by 18%, reaching €3.2 billion ($3.58 billion) compared to the same period last year. This growth highlights the company’s ability to generate strong returns from its capital expenditures in network infrastructure.
Swiss solar panel manufacturer Meyer Burger $MBTN.SW announced on Wednesday that it will implement a reduction in work hours for approximately 300 employees at its German facility starting May 1. This adjustment comes in response to temporary supply chain disruptions affecting the availability of materials essential for the production of high-efficiency solar panels.
Siemens Energy AG $ENR.DE, a major German industrial company, has significantly upgraded its revenue and net profit forecasts for the current fiscal year. This development reflects strong demand for gas turbines, related services, and electricity. The company’s revised outlook highlights its effective response to evolving market conditions.
In a White House budget proposal presented by the administration of then-President Donald Trump, significant cuts to the National Oceanic and Atmospheric Administration (NOAA) were outlined. This proposal could substantially alter the landscape of scientific research and governmental support in the fields of ecology and energy.
Norwegian energy giant Equinor is once again reaffirming its strategic vision by merging its renewable energy projects with gas power plants and energy storage solutions. This move comes as a response to the surging global demand for electricity driven by the rapid growth of artificial intelligence, data centers, and the worldwide shift toward a "green" economy. While Equinor continues to generate a significant portion of its revenue from oil and gas, this new initiative highlights the company’s commitment to creating a hybrid model that integrates traditional energy sources with modern, sustainable technologies.
Australian financial giant Macquarie has decided to pause the sale of Corio Generation, one of the world’s largest offshore wind farm developers. This decision comes as interest from potential buyers dwindles, partly due to the negative stance towards renewable energy shown by former President Trump’s administration.
In today's rapidly evolving energy landscape, major corporations must swiftly adapt to shifting market dynamics. BP's recent decision to disband its specialized team focused on hydrogen and liquefied natural gas (LNG) for transportation—notably for the freight sector—underscores this necessity for transformation. Despite this organizational change, BP has reassured stakeholders that the operations of BP Pulse, its electric vehicle charging network, will remain unaffected.
In a recent twist within the renewable energy landscape, the ambitious wind power project Mont des Quatre Faux in northeastern France has been abruptly cancelled. Judicial documents published on Friday revealed that the venture was halted due to concerns over “visual overload.” Originally designed to be one of the country’s largest onshore wind farms, with a planned capacity of 226 megawatts, the project was a joint effort by French energy leader EDF Renewables and Belgian renewable energy specialist Renner. With an investment of over 250 million euros (approximately 276 million US dollars), the project promised to significantly bolster clean energy production in the region.
In 2024, the growth rate of coal-fired plants reached its lowest level in the last 20 years, with an increase of just 18.8 gigawatts. Nevertheless, China and India continue to offset the closure of coal plants in other countries, maintaining their positions in the coal energy sector. According to the American analysis center, Global Energy Monitor (GEM), although the pace of growth is sluggish, the coal industry remains buoyant.
Brazilian mining company Vale, renowned for its innovation in natural resources, recently announced a significant step in the renewable energy sector. The company has entered into a partnership with American investment firm Global Infrastructure Partners (GIP) through its renewable energy division, Alianca Energia.
In recent years, the global energy landscape has been undergoing significant transformations, with a strong focus on renewable energy sources. In this context, an interesting deal was announced between the German energy company RWE AG and Norway's sovereign wealth fund, seeking to acquire a substantial stake in wind energy projects. This event is crucial for understanding the trends in renewable energy investments and risk management.
