Wood Mackenzie warns of upstream sector impact from delayed transition
Wood Mackenzie says that a 30% increase in upstream spending will be needed to meet stronger oil and gas demand under a delayed energy transition. The research firm warns that this scenario could strain supply chains, inflate costs, and push Brent crude prices above $100/barrel by the 2030s.
IRENA Assembly 2025: Unequal access to clean energy finance needs attention
Urgent responsibility was the overriding theme of the 15th annual International Renewable Energy Agency (IRENA) assembly, which convened on Jan. 12 in Abu Dhabi.
Waaree Energies acquires Enel Green Power’s Indian unit
Waaree Energies has signed a definitive agreement to acquire 100% of Enel Green Power India (EGP India).
Ontario rebate scheme to subsidize rooftop solar, heat pumps, battery storage
The government of the Canadian province of Ontario is launching an energy rebate program later this month, offering up to 30% off the cost of residential rooftop solar panels, heat pumps, and battery storage for homes.
Croatia plans solar tenders in 2025
Croatia plans to allocate €25 million ($25.7 million) for public sector solar plants and heat pumps, alongside a €10 million residential solar tender, as part of a €652 million renewable energy and decarbonization package.
Romania finances 1.5 GW solar panel factory
Romania’s Ministry of Energy has given the green light to a 1.5 GW solar panel factory to be built in the northeastern part of the country.
SolarEdge stock jumps as the company announces more layoffs
SolarEdge Technologies plans to lay off 400 employees globally, its fourth job-cut announcement in the past year. Recent safe harbor agreements and 45X credit sales may help the company on its path to recovery.
Most European nations lack VAT incentives for heat pump adoption
The European Heat Pump Association (EHPA) says there are no value-added tax (VAT) advantages for heat pump installations in terms of upfront costs in most European countries. It is calling for EU member states to use available fiscal tools to make installations more financially viable.
EBRD to finance solar-thermal power plant in Serbia
The European Bank for Reconstruction and Development (EBRD) is investing up to €105 million ($109.5 million) in a large-scale solar-thermal plant in Novi Sad, Serbia. The project is expected to reduce the district heating agency’s natural gas consumption by around 29%.
Tunisia tenders 498 MW of solar projects
Tunisia’s Ministry of Industry, Mines and Energy has approved four solar projects in the first phase of a 1.7 GW solar tender. The lowest price awarded was TND 98.8 ($0.03113)/kWh.
