Poland’s electricity network requires a major investment of at least €25 billion to enable the transition away from coal towards renewables and nuclear energy.

Saudi Arabia’s national oil company Saudi Aramco has launched a $1.5 billion Sustainability Fund that will invest in technology supporting a “stable and inclusive” energy transition, making this among the largest-ever sustainability-focused venture capital funds in the world.

Posted a record profit for the third quarter, driven by high energy prices and soaring prices of LNG as Europe scrambles to procure gas ahead of the winter.

The transformation of Poland’s energy sector, including measures to support the ailing coal mining sector, could cost up to €135 billion by 2030.

The European Union has pledged €500 million to improve energy infrastructure in the Western Balkans, commission chief Ursula von der Leyen said Wednesday (26 October) in North Macedonia on the first stop of a tour of the region.

Investment in renewables must more than triple to $1.3 trillion annually by 2030 if the world is to reach net-zero emissions by 2050, the International Energy Agency (IEA) said on Thursday.

Prime Minister Pedro Sánchez’s official state visit to Kenya started on Wednesday.

Intends to lift its dividend and is launching a new share buyback program after reporting its second-highest quarterly earnings for Q3, second only to the record profit for the previous quarter.

The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following Russia’s invasion of Ukraine.

A wind farm is being dismantled in western Germany to make way for an expansion of an open-pit lignite coal mine in a “paradoxical” situation highlighting the current prioritization of energy security over clean energy in Europe’s biggest economy.