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Great British Energy legislation passes through Parliament

The Great British Energy Bill has received legislative consent from all three devolved governments. This will allow Great British Energy to operate more effectively in each devolved nation. Great British Energy will invest in clean power projects across the UK as part of the UK Government’s Plan for Change to become a clean energy superpower.

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CorPower: developing the UK’s largest wave energy project

CorPower Ocean, has signed an agreement to build a 5MW wave energy project at the European Marine Energy Centre (EMEC) in Orkney, Scotland. Scheduled for deployment in 2029, the 5MW array is expected to become the UK’s largest wave energy project. Deployed at EMEC’s grid-connected Billia Croo wave energy test site, it will comprise 14 wave energy converters, operating for up to 15 years.

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Malawi: World Bank approves hydro power storage grant

The World Bank Board of Executive Directors has approved a $350m grant from the International Development Association to support Malawi’s Mpatamanga Hydropower Storage Project (MHSP), a large infrastructure operation aiming to transform the country’s energy landscape and its economic development trajectory.

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Ireland: lowest energy emissions in over 30 years

The Sustainable Energy Authority of Ireland (SEAI) has published the Interim National Energy Balance for 2024, which shows that Ireland’s energy-related emissions are now at their lowest level in over 30 years, falling a further 1.3% last year. This marks an overall decrease of 11% since carbon emissions targets were introduced in 2021 and the third consecutive year with an emissions reduction.

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Collaboration agreement signed to realise North Sea potential

The North Sea Transition Authority and Crown Estate Scotland have signed a Statement of Intent (SoI) to collaborate on energy and carbon storage in the North Sea. The SoI includes a pledge to progress net zero targets by helping different technologies share space and taking a coordinated approach to managing the seabed.

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Egypt’s first solar and battery project backed by EBRD

The European Bank for Reconstruction and Development (EBRD) is making a $30m loan available to Obelisk Solar Power, a project company owned by Scatec ASA. The financing facility will finance a new 1GWac solar plant in Egypt with 200MWh of battery storage. It is expected that the project will reduce CO2 emissions by 1.3m tonnes per year.

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Australia’s election: “an energy referendum”

Australian Climate Council CEO, Amanda McKenzie, has said in response to the Australian Federal Election result: “This was an energy referendum. Nuclear bombed at the ballot, with Australians dubbing it toxic. Australians backed a bright, clean, renewable energy future and endorsed the progress that has already been made.”

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UN urges full-speed climate action ahead of COP30

UN Secretary-General António Guterres and Brazilian President Luiz Inácio Lula da Silva have brought together 17 national leaders from major economies and climate-vulnerable countries to accelerate global climate ambition. The purpose was to build momentum for stronger national climate plans to be announced in 2025.