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Switzerland Forecasts 1.5 Gw Annual Solar Growth Through 2027From pv magazine Germany
Swissolar says PV deployment in Switzerland will likely average 1.5 GW a year through 2027 as the industry adjusts to policy uncertainty and lower feed-in tariffs. It presented three scenarios in its “Solar Monitor 2025” report outlining possible market developments and urging policymakers to sustain steady photovoltaic expansion.
The industry association expects around 1.5 GW of new photovoltaic capacity to be installed in Switzerland this year, down from roughly 2 GW in 2023 and 2024, which marked record growth. Swissolar President Jürg Grossen said maintaining installations at 1.5 GW annually would be sufficient to meet the nation’s 2050 climate targets.
The “Solar Monitor 2025” report indicates that new systems are already influencing the electricity market. For 2025, Swissolar projected solar power generation above 8 TWh, covering about 14% of annual consumption. “The total amount of solar power generated will be equivalent to that of a nuclear power plant,” Grossen said at a media briefing this week.
Swissolar Chief Executive Matthias Egli described the report’s three scenarios. The “medium scenario” foresees photovoltaic additions of 1.5 GW in both 2026 and 2027, rising to 1.8 GW by 2030. The “braking scenario” projects 1.2 GW by 2030, while the “express scenario” anticipates 2.7 GW, depending on policy and market conditions.
“Electricity is a penny-pinching business,” Grossen said, citing uncertainty in the PV market. “Currently, there’s a lot of uncertainty. The new photovoltaic models haven’t yet taken hold.” He attributed this partly to low feed-in tariffs and an unclear demand outlook, including the pending blackout initiative that could lift the ban on new nuclear power plants and further unsettle investment prospects.
Prices are declining across all segments and system sizes. Most new installations remain rooftop systems, while agrivoltaics, alpine power plants, and infrastructure projects contribute marginally to annual output.
Despite these challenges, Swissolar highlighted a number of positive trends. Photovoltaics and hydropower remain a “dream team” for stable electricity supply, and battery storage deployment is increasing, the association said. It plans to publish its first comprehensive storage report in spring 2026, forecasting battery capacity of 1.25 GWh by the end of 2025 – up about 50% from 2024.
Switzerland’s 8 GW of installed PV capacity is already influencing wholesale electricity prices, particularly during summer. Swissolar said flexibility measures such as battery storage and shared solar models – including Zero Energy Communities (ZEV) and Local Energy Communities (LEG) – could mitigate price drops and grid strain. It urged the Federal Council to adjust network-charge regulations to promote shared use and reduce grid-expansion needs.
Swissolar said it is also optimistic about the rollout of dynamic electricity tariffs by six distribution network operators next year and continues to advocate broader adoption of energy management systems.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
PV Magazine
powerplant
14 November 20253 min readSwitzerland Forecasts 1.5 Gw Annual Solar Growth Through 2027
PV Magazine
14 November 2025
powerplant
Severn Trent Invites Suppliers To Register For Deep Dive Sessions For Upcoming £200 Million Sro Minworth (Northern Section) ProcurementThe aim of the Deep Dive Sessions is to provide the market with insight of the Minworth Strategic Resource Option) which includes the upgrade of its wastewater treatment plant at the Minworth site. The project aims to take surplus treated water from the Minworth Wastewater Recycling Centre and treat it further at a new Advanced Water Treatment Plant to create a new water resource.
The Minworth SRO is one of two Strategic Resource Options (SROs) in the Grand Union Canal Transfer scheme (GUCT) – a collaborative initiative between Affinity Water and Severn Trent, The Grand Union Canal Strategic Resource Option(GUC SRO) is being delivered by Affinity Water.
The Minworth SRO seeks to provide a sustainable solution to meet future water demands and improve water security in the Southeast region. Broadly speaking, the Minworth SRO encompasses the construction of an Advanced Water Treatment Plant (AWTP) on Severn Trent’s existing Minworth site and transfer via an underground pipeline to an outfall into the Coventry Canal at Atherstone.
Current estimated start and end contract dates for the project are 1 December 2028 to 1 December 2030.
As part of its Preliminary Market Engagement activity Severn Trent now intends to conduct a series of Deep Dive Sessions as follows:
Deadline for suppliers to register to participate in the Deep Dive sessions is 28 November 2025. Suppliers are invited to participate in the Preliminary Market Engagement Deep Dives by registering on SAP Ariba using the following link – https://discovery.ariba.com/rfx/23446725.
Suppliers who participate in the Deep Dive Sessions will also be able to submit a Feedback Form commenting on the sessions they join via the following link - https://forms.office.com/e/D4Kg4DQFQd
Following the initial Preliminary Market Engagement activities Severn Trent will then progress to the next stage of a public consultation.
Deadline for suppliers to register to participate in the Deep Dive sessions is 28 November 2025.
Water Briefing
water
14 November 20252 min readSevern Trent Invites Suppliers To Register For Deep Dive Sessions For Upcoming £200 Million Sro Minworth (Northern Section) Procurement
Water Briefing
14 November 2025
water
Bhp’S Billion-Dollar Pilbara PlanBHP is reaffirming its long-term commitment to the Pilbara, with Western Australia Iron Ore (WAIO) asset president Tim Day announcing more than $1 billion in new investment for Port Hedland at the 2025 Hedland Economic Forum.
Day said BHP’s plans include the delivery of a sixth car dumper at Nelson Point, which will support sustained production of more than 305 million tonnes a year over the medium term.
“We’re investing more than $1 billion to deliver a sixth car dumper at Nelson Point,” Day said. “This will enable at least five car dumpers to run around 90 per cent of the time. It’ll generate some massive opportunities to create jobs and drive the economy here in Hedland too.”
He said the project reflects BHP’s broader focus on “writing the next big chapter” for the region through collaboration between miners, government, traditional owners, businesses and the community.
“The Pilbara is the engine room of Australia,” he said. “We need to focus on how we can unlock new projects and growth opportunities, improve liveability through better housing, healthcare and education, and create more opportunities for local industry to thrive.”
Day said local partnerships remain crucial, noting that last year BHP spent more than $730 million with nearly 300 Western Australian businesses, including $50 million through its Local Buying Program.
BHP is also collaborating with the WA Government and Core Innovation Hub to deliver the Made in the Pilbara grants program, which aims to help local businesses innovate and grow.
Decarbonisation remains a key focus for the miner. Day outlined BHP’s progress in trialling battery-electric haul trucks at the Jimblebar mine and preparing for the arrival of Australia’s first battery-electric locomotives in Port Hedland next month through its partnership with Wabtec.
“Replacing diesel isn’t just a fuel switch; it’s a transformation in how we operate, power our sites and train our people,” he said. “Electrifying our fleet isn’t just about lower emissions, it’s about smarter logistics, safer operations and a more resilient future.”
Day said BHP’s collaboration with Rio Tinto, Caterpillar and Komatsu on trialling battery-electric haul trucks in the Pilbara.
“Port Hedland isn’t just a gateway,” he said. “It’s a launchpad for the future of our industry.”
Get 50 per cent off your Australian Mining annual magazine subscription during our Black Friday sale. Visit our subscription page and use the code: AMBF25. Ends on 27 November 2025.
Australian Mining
mining
14 November 20252 min readBhp’S Billion-Dollar Pilbara Plan
Australian Mining
14 November 2025
mining
Heathrow Business Summit Celebrates Record Sme Turnout As Airport Doubles Supply Chain Investment To £2 BillionPosted: 13 November 2025 | Gabriel Higgins | No comments yet
Heathrow’s 27th Business Summit brought together nearly a thousand SMEs, announcing plans to double supply chain investment to £2 billion by 2027.
Credit: London Heathrow Airport
Nearly a thousand business leaders gathered at the Allianz Stadium in Twickenham for the 27th Heathrow Business Summit, marking the biggest event in its history. The summit celebrated small and medium-sized enterprises (SMEs) from London and across the UK that form the backbone of the airport’s supply chain and the wider economy.
Heathrow Airport currently invests over £1 billion annually in its supply chain but plans to double this to £2 billion by 2027, creating greater opportunities for SMEs to participate. Local and smaller firms already make up 60 per cent of Heathrow’s suppliers, underpinning employment and contributing to national growth. From family-run companies to innovative start-ups, these businesses play a key role in keeping more than 80 million passengers and £215 billion of trade moving through the airport each year.
The event, held in partnership with local chambers of commerce and business organisations, featured speeches by Heathrow’s Chief Executive, Thomas Woldbye, and Lord David Blunkett, along with panel discussions led by senior Heathrow representatives and existing suppliers. Participants attended workshops detailing the supplier journey and took part in Meet the Buyer sessions, connecting directly with decision-makers from Tier 1 suppliers to discuss potential collaborations.
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Becky Coffin, Heathrow’s Director of Communities and Sustainability, highlighted the scale of upcoming investment: “Heathrow is embarking on a major upgrade programme to modernise the airport and enhance the experience for our passengers. Our five-year plan looks to double our private investment to £10 billion, and SMEs will be vital in helping us deliver these upgrades to ensure an even better service.
“This represents a huge opportunity for businesses across the UK to join our supply chain and support Britain’s global gateway, even before construction begins on a potential third runway. SMEs have long been the lifeblood of our success, and it’s fantastic to see so many stepping forward to grow with us.”
Lord Blunkett reinforced the importance of inclusive economic development: “It’s pivotal that as Heathrow grows, so do the communities around it. That growth is not just measured in passenger numbers or infrastructure but in lives improved, careers built and local economies strengthened. Preparing individuals with the skills needed, and offering opportunities to previously excluded groups, will enable many more to benefit from expansion.
“Public entities, businesses and local communities each have a vital role to play—and only by working together can we create the kind of economic foundation that lasts. Bringing these groups together through collaborative initiatives like the Heathrow Business Summit offers SMEs a platform to connect with the Heathrow supply chain, unlocking the potential for real, inclusive growth—growth that benefits everyone.”
Among the many businesses attending was The Pallet Yard, a Southall-based SME that forms part of Heathrow’s supply network. Ruth-Anne Lynch, Co-Director of The Pallet Yard, said: “Working with Heathrow is huge for an SME like ourselves. The Business Summit opens doors for new suppliers to start building relationships with Heathrow and its wider network, including with more tier-one suppliers within the supply chain, creating even greater opportunities for growth.”
For details on how to do business with Heathrow and view current opportunities, visit competeFor.com/heathrow.
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airport
14 November 20255 min readHeathrow Business Summit Celebrates Record Sme Turnout As Airport Doubles Supply Chain Investment To £2 Billion
International Airport Review
14 November 2025
airport
Turkish Red Crescent Sends 18Th Goodness Ship With 800 Tons Of Aid To GazaThe Turkish Red Crescent (Kizilay) has sent its 18th “Goodness Ship” with 800 tons of humanitarian aid to Gaza from the Port of Mersin.
The ship mainly has food and blankets, and marks a major humanitarian effort after the recently established ceasefire in Gaza.
The aid will reach Egypt’s Al-Arish port after a 3-day voyage, from where it will be sent to Gaza.
Turkish Red Crescent President Fatma Meric Yilmaz said that Gaza “remains a wound on humanity’s conscience.”
She recounted how all crossings were blocked and aid could not reach the people who were being bombed, losing their family, friends, pets and burying their loved ones with their own hands.
She added that the recent ceasefire enabled organisations to offer help, and the Turkish Red Crescent has begun its Goodness Ship series to reach those they could not help before.
The 18th ship has 17,500 blankets and ready-to-eat food for orphaned children, the elderly and the disabled.
There are 50,000 food parcels as well.
The 17th ship had carried 510,000 canned meat products, and a million cans were sent to soup kitchens to prepare meals.
She said that Turkiye will continue its humanitarian efforts for Gaza.
Yilmaz also said that he sufferings of the Palestinians will be remembered for centuries.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
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port & ship
14 November 20253 min readTurkish Red Crescent Sends 18Th Goodness Ship With 800 Tons Of Aid To Gaza
Marine Insight
14 November 2025
port-and-ship
Plans Are Unveiled For A 322-Meter Residential Skyscraper In Jersey CityA major new development has been proposed for Jersey City that would reshape the city’s skyline and include a 322-meter skyscraper.
Located at 100 Bay Street, the project from BLDG Management envisions two high-rises—one at 90 floors and the other at 40 floors—set atop a shared podium and linked by a sky bridge at the 40th floor. Designed by architecture firm Pelli Clarke & Partners, the development aims to integrate with the character of Jersey City’s Arts District while introducing a bold new architectural landmark on the Hudson River waterfront.
The 1.6-million-square-foot (148,644 square meter) complex would comprise approximately 1,300 apartments, with 20 percent designated as affordable housing. Units will range from smaller residences suited to individuals to larger layouts designed for families. Plans also include 29,000 square feet (2,694 square meters) of retail space at street level, creating an active pedestrian experience, along with amenity and recreational areas for residents.
The taller of the two buildings is planned to reach 1,055 feet (321.6 meters), positioning it as a supertall building and in the range of other residential supertalls in the region like New York’s Central Park Tower (472.4 meters), 111 West 57th Street (435.3 meters), and 432 Park Avenue (425.7 meters). The towers’ slender forms are designed to allow more daylight to reach the surrounding streets while preserving key view corridors for neighboring residents.
In addition to housing and retail components, the project will include parking for both residents and visitors and a covered entrance to reduce street congestion.
If approved, the development would mark a significant milestone in Jersey City’s ongoing transformation into a major residential and cultural hub, further establishing its place among the nation’s most architecturally ambitious urban centers.
Read more at NJ.com
Council on Tall Buildings and Urban Habitat
skyscraper
13 November 20252 min readPlans Are Unveiled For A 322-Meter Residential Skyscraper In Jersey City
Council on Tall Buildings and Urban Habitat
13 November 2025
skyscraper
Opinion – Paradigm Shift Of India’S Renewable Energy Additions Surge 123% To 20.1 Gw In Fy26 And Its ImpactIndia’s renewable energy sector has just hit a turning point. Between April and August 2025, the country added a record 20.1 gigawatts (GW) of renewable power capacity, a 123 percent increase compared to the same period last year, when additions stood at just 9 GW. According to data from the Ministry of New and Renewable Energy (MNRE) and market observers like ICRA, this pace positions India to cross 35 GW of new capacity by the end of FY26, the highest annual addition in its clean-energy history.
This isn’t just a statistical surge. It signals a deeper industrial and policy transformation, a paradigm shift in how India is generating, managing, and investing in its energy future.
For one, the pipeline of commissioned and near-ready projects is at its healthiest in years. The Central Electricity Authority (CEA) has identified more than 140 GW of projects in various stages of execution, much of it solar and hybrid (solar-plus-wind). Developers rushed to complete projects before the inter-state transmission charge waiver expired on June 30, 2025 pushing a flood of installations into the first half of FY26.
Simultaneously, module prices dropped to historic lows. In August 2025, imported N-type solar modules were trading around 8–9 US cents per watt, down almost 40 percent year-on-year. This cost compression, combined with strong tender pipelines, made 2025–26 the most competitive year yet for solar power deployment in India.
The rise in corporate demand has also played a crucial role. India’s commercial and industrial (C&I) sector responsible for over 50 percent of electricity consumption is pivoting aggressively towards renewable procurement, driven by decarbonisation commitments and the economics of lower tariffs.
This record addition is not merely about more solar panels and wind turbines. It marks a broader industrial realignment that could redefine India’s clean-energy trajectory.
Energy Security and Decentralisation – For a country still importing nearly 85 percent of its oil and 50 percent of its gas, expanding renewables directly translates into strategic independence. With every gigawatt added, India cuts fossil-fuel exposure and builds distributed power networks that are more resilient to global shocks.
Manufacturing and Jobs – A sustained 30–35 GW annual installation rate will demand a parallel surge in domestic manufacturing. The government’s Production-Linked Incentive (PLI) scheme for high-efficiency solar modules worth ₹ 24,000 crore has already catalysed expansions. If wafer, ingot, and polysilicon capacities come online as planned, the next two years could generate tens of thousands of skilled jobs.
Investment Confidence – The 123 percent jump in additions sends a clear market signal: India’s clean-energy build-out is accelerating sustainably. Analysts estimate that FY26 alone could attract $20–25 billion in renewable investments, up from about $11 billion in FY25. Institutional investors such as CPP Investments, GIC, and Brookfield have already increased allocations toward Indian solar and hybrid projects, reflecting renewed confidence in project viability.
Global and Climate Leadership – On the diplomatic front, this performance strengthens India’s credibility. It demonstrates that a developing economy can expand renewables rapidly without compromising growth. With the 2028 G20 climate review ahead, India’s progress could position it as a case study in scalable, inclusive green transition.
While FY26’s surge is impressive, sustaining such pace will test both policy and infrastructure. The first challenge lies in transmission readiness. The Green Energy Corridor and ISTS network need continuous expansion to absorb large renewable inflows. The CEA warns that delays in evacuation lines could bottleneck 25–30 GW of upcoming capacity.
The second issue is project execution. Land acquisition, PPA approvals, and state-level clearances still slow down rollouts. In fact, despite record capacity additions, new tendering fell to just 3.4 GW in the first half of FY26 a sign that developers are still digesting existing pipelines. Finally, cost volatility in global commodities and potential trade measures (such as duties on imported modules) could affect the economics of upcoming projects.
Beyond gigawatts and grids, this momentum is redefining India’s economic landscape. States such as Gujarat, Rajasthan, Tamil Nadu, and Karnataka already renewable leaders are seeing a cascade of local benefits: new industrial parks, upgraded logistics, and ancillary manufacturing clusters. The cascading effects extend to battery storage, green hydrogen, and EV integration sectors now aligning with India’s renewable surge. The Solar Energy Corporation of India (SECI) has already floated hybrid tenders coupling 1.5 GW of solar and 1 GWh of storage, marking the beginning of a new storage-driven grid era.
India’s energy story has moved beyond ambition to acceleration. A 123 percent jump in capacity additions is not just a headline, it’s a signal of structural maturity, industrial resilience, and policy coherence. If the country sustains this trajectory through FY26 and FY27, it could well emerge as the world’s third-largest market for renewable deployment, behind only China and the United States.
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Solar Quarter
powerplant
13 November 20254 min readOpinion – Paradigm Shift Of India’S Renewable Energy Additions Surge 123% To 20.1 Gw In Fy26 And Its Impact
Solar Quarter
13 November 2025
powerplant
Uk National Gas Plans 1,500-Mile Hydrogen Pipeline To Secure Net-Zero FutureNational Gas, the UK's primary gas network operator, has unveiled Project Union, an ambitious plan to construct a 1,500-mile national hydrogen pipeline network that the company calls crucial to the nation's energy security and net-zero strategy.
The comprehensive infrastructure project involves repurposing existing pipelines and laying new ones specifically designed to transport 100% pure hydrogen. The new network is intended to move hydrogen efficiently from production sites to major industrial zones, large-scale storage facilities, and potential export terminals across Britain.
According to the government estimates, the UK could require up to 460 terawatt-hours (TWh) of hydrogen by 2050 to meet its climate commitments, and Project Union aims to provide the necessary physical backbone for this massive energy transition.
The rollout is planned in carefully managed phases to ensure minimal disruption to existing natural gas supplies. The first phase, designated as “Project Union: East Coast” pipeline, will strategically link the Teesside and Humber regions, targeting initial access for vital industrial clusters in the North and East of England.
Future expansion is planned to connect key areas, including Grangemouth, the North West, and South Wales, as well as strategic national hubs like the Bacton Gas Terminal and Liquified Natural Gas (LNG) import sites.
National Gas asserts the pipeline network will be transformative, supporting the domestic hydrogen economy and boosting energy security by driving home-grown production. The company stated the phased approach is necessary "...to ensure a continual supply of natural gas while avoiding the cost associated with decommissioning."
Beyond hydrogen infrastructure, the company forecasts significant local economic benefits, promising that development will work hand-in-hand with communities to unlock supply chain contracts and skilled engineering roles.
Project Union seeks to make hydrogen a functional reality, enabling the deep decarbonization of hard-to-abate sectors like steel and chemical production nationwide.
Pipeline Technology Journal
oil & gas
12 November 20252 min readUk National Gas Plans 1,500-Mile Hydrogen Pipeline To Secure Net-Zero Future
Pipeline Technology Journal
12 November 2025
oil-gas
Thames Water Issues Fifth Consent Requests To Access Further Funding From £1.5 Billion FacilityThe water company entered into the facility with its subsidiary, Thames Water Super Senior Issuer PLC.
The Facility includes conditions precedent to drawdowns, including the so-called June Release Condition, which (as amended on 15 July 2025) requires Thames Water to have entered into a supported lock-up agreement by 31 July 2025 in respect of a second restructuring plan. However, as yet the June Release Condition has not been met.
Fifth Consent Requests
Yesterday Thames and the Super Senior Issuer launched a fifth set of consent requests (the "Fifth Consent Requests") seeking the consent of the super senior creditors:
to extend the June Release Condition to 28 November 2025; and
to make further amendments to the Facility, which (among other things) amend the dates and amounts of scheduled drawdowns under the Facility by TWUL to reflect previous consent requests and TWUL’s anticipated liquidity needs.
The consents, if granted, will allow Thames Water to draw a further £321 million which will be drawn in November 2025. The Fifth Consent Requests have a voting date of 24 November 2025 and follow four previous sets of consent requests which were approved by creditors in April, May, July and September 2025.
Voting may close earlier if the requisite majority of super senior creditors vote in favour of the Fifth Consent Requests before the voting date.
Whilst the June Release Condition remains unsatisfied, any further drawdowns of the remaining balance of the £1.5 billion facility by the water company will be subject to further consents and conditions having first been obtained or satisfied. Subject to the satisfaction or further extension of the June Release Condition, Thames expects to make further drawdowns of the facility in the first quarter of 2026.
It is not intended that the utility will access the further £1.5 billion Accordion Facility under the super senior liquidity facility until, amongst other things, the initial £1.5 billion facility has been drawn in full.
The Accordion Facility is expected, if and when it becomes available to Thames, to provide liquidity until at least the third quarter of 2026. This further facility will only become available on the basis that all conditions precedent to the commitment of the Accordion Facility and further drawings under it are either satisfied or waived. In particular, these conditions precedent require Thames Water to have entered into a supported lock-up agreement in respect of a second restructuring plan.
Thames Water said it continues to work closely with stakeholders to secure a market led solution.
Creditors can contact Thames Water to receive details of existing creditor groups and their advisors.
Water Briefing
water
12 November 20253 min readThames Water Issues Fifth Consent Requests To Access Further Funding From £1.5 Billion Facility
Water Briefing
12 November 2025
water
India’S Revived Yard Lands $220M Norwegian Chemical Tanker DealSwan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m.
The agreement includes an option for six additional vessels of the same class. The IMO Type II ships will be built at SDHI’s Pipavav facility in Gujarat, India’s largest shipyard by dry dock capacity, which restarted operations last year under new ownership after emerging from bankruptcy.
The tankers will be designed by Norway’s Marinform and classed by DNV. Each Ice Class 1A vessel will feature a hybrid propulsion system with automation for improved manoeuvrability, lower emissions, and operational flexibility. The design also comes with the ability to convert to methanol or LNG fuel and upgrade battery capacity up to 5,000 kWh.
“This partnership marks a defining moment for SDHI and for Indian shipbuilding — our first major export of advanced chemical tankers to Norway,” said SDHI director Vivek Merchant. “The trust placed in us by Rederiet Stenersen reflects global confidence in India’s shipbuilding capabilities.”
Rederiet Stenersen, established in 1974, operates about 20 chemical and product tankers ranging between 13,000 and 19,000 dwt, trading primarily in Northern Europe.
Splash247
port & ship
12 November 20252 min readIndia’S Revived Yard Lands $220M Norwegian Chemical Tanker Deal
Splash247
12 November 2025
port-and-ship
Vedanta To Invest Us$1.5 Billion In Zambia To Increase Copper…Vedanta Resources announced on November 6 the creation of CopperTech Metals Inc., a new subsidiary responsible for operating its Konkola copper mine in Zambia. As part of this restructuring, the company said it will invest an additional US$1.5 billion to increase production to 300,000 tons by 2031. The move aligns with the broader wave of growth investments in Zambia’s copper industry in recent years.
Zambia aims to raise national copper output to 3 million tons by 2031, up from 821,670 tons in 2024. Several mining companies have announced expansion projects to support this goal. Canada’s Barrick Mining plans to double output at its Lumwana mine through a US$2 billion investment, while China’s JCHX intends to inject US$300 million to extend the life of its Lubambe mine.
At Konkola, Vedanta’s planned US$1.5 billion will add to the US$3 billion already invested in recent years. These investments are intended to boost production capacity and support Zambia’s long-term growth strategy at a time when global copper demand is rising due to the energy transition and the expansion of the artificial intelligence sector.
According to the International Energy Agency (IEA), the copper supply deficit could reach 30% by 2035. Combined with recent supply chain disruptions, these trends position new and expanded mines as key contributors to future global supply, provided the announced investments materialise.
Vedanta has not yet detailed how it plans to finance the new Konkola investment, even as it works to reduce debt and strengthen its balance sheet. For now, the company expects 140,000 tons of copper output from Konkola in its 2026 fiscal year. Nationally, Zambia targets 1 million tons of production this year.
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Africa Mining Market
mining
11 November 20252 min readVedanta To Invest Us$1.5 Billion In Zambia To Increase Copper…
Africa Mining Market
11 November 2025
mining
Dana Gas Reports Aed 379 Million ($103Mm) Net Profit In 9M 2025Dana Gas PJSC (the “Company”), the Middle East’s largest
regional private sector natural gas company, today announced its financial results for the nine
months ended 30 September 2025.
The Company recorded a net profit of AED 379 million ($103mm) in 9M 2025, compared to
AED 410 million ($112mm) in 9M 2024. Revenue for the period stood at AED 935 million
($255mm), versus AED 1,048 million ($286mm) in 9M 2024. The 8% year-on-year decline
reflects lower Egyptian production and softer Brent prices ($71/bbl vs $83/bbl), partly offset
by higher gas prices under the new concession agreement in Egypt. Overall performance
during the period remained strong, supported by continued operational excellence in the
Kurdistan Region of Iraq (KRI) and the successful early completion of the KM250 expansion
project in October 2025. The new facility adds 250 million standard cubic feet per day
(MMscf/d) of gas processing capacity to the Khor Mor field, increasing the site’s total installed
capacity in the KRI by 50%. When operating at full capacity, this expansion is expected to boost
the Company’s revenue by up to 35%. The milestone marked one of the most significant
private energy infrastructure achievements in Iraq in recent years and demonstrates Dana
Gas’s capability to deliver complex projects.
The Company also maintained steady progress in Egypt under the $100 million investment
programme, where drilling and recompletion activities are ongoing following the successful
results of Begonia-2 and Balsam-3 wells earlier this year.
Richard Hall, CEO of Dana Gas, commented:
“Despite a lower oil price environment, our business has remained resilient, marked by the
significant completion of KM250—a major milestone that will enhance our production profile and
deliver positive financial impact in the coming years. Alongside this, our continued investment
programme in Egypt, and the development of Chemchemal field in the KRI, demonstrates our
commitment to growth. We also remain focused on maintaining sustainable dividends to our
shareholders as we build on these achievements and continue our strong operational and financial
performance.”
Kurdistan Region of Iraq
Dana Gas and its partners successfully completed the KM250 gas expansion project in October
2025, eight months ahead of the revised schedule. The expansion adds 250 MMscf/d of new
gas processing capacity, alongside additional LPG and condensate daily production of 460
MTPD and 7,000 bbl respectively, increasing Khor Mor’s total capacity to 750 MMscf/d, a 50%
rise. The project reinforces the Company’s operational capability and commitment to
supporting the KRI’s growing energy needs.
Production operations at Khor Mor remained stable and uninterrupted through the period,
continuing to supply clean-burning natural gas to power generation facilities that meet over
85% of the Kurdistan Region’s electricity needs. With KM250 now operational, the impact of
the capacity increase is expected to be reflected in production figures starting from Q1 2026.
Looking ahead, the Company’s next focus in the KRI is advancing development at the
Chemchemal field under the $160 million investment programme. Work is underway to drill
three wells and install an extended well test facility, targeting early production of up to 75
MMscf/d by the first half of 2027.
Egypt
In Egypt, Dana Gas continues to deliver on its $100 million investment programme launched
under the Consolidated Concession Agreement signed in 2024. Dana Gas successfully drilled
three wells in the onshore Nile Delta during the period. Two of these wells, Begonia-2 and Salma
Delta-6, confirmed 15 BCF of gas reserves, with an upside potential of additional 3 BCF, and are
expected to deliver 10-12 MMSCFD of production before end of 2025.
In parallel, as part of efforts to unlock additional reserves and increase production from existing
wells, three wells were re-completed adding 6.3 BCF of reserves and which are currently
producing 9 MMSCFD. These milestones mark the Company’s return to upstream investment in
Egypt under improved fiscal terms.
The ongoing program aims to increase gas recovery by 80 bcf and help mitigate natural field
declines. The additional gas will also generate significant cost savings of over $1 billion for Egypt’s
economy by reducing reliance on imported LNG and fuel oil.
Operations & Production
Group production for 9M 2025 averaged 50,900 barrels of oil equivalent per day (boepd),
compared to 55,300 boepd in 9M 2024. KRI production averaged 38,600 boepd, an increase of
1%, supported by consistent demand from local power generation. Natural gas from Khor Mor
continues to support electricity generation across the KRI, displacing diesel and contributing to
significant reductions in emissions.
In Egypt, production declined by 28% to 12,300 boepd from 17,100 boepd in 9M 2024, primarily
due to natural field declines. The investment programme will reverse the current decline and
restore growth in 2026.
Liquidity
As of 30 September 2025, Dana Gas’s cash balance stood at AED 671 million ($183mm), including
AED 550 million ($150mm) held at the Pearl Petroleum level. Cash at the corporate level stood at
AED 66 million ($18mm).
Collections during the nine months of 2025 totalled AED 671 million ($183mm), comprising AED
550 million ($150mm) from the KRI and AED 121 million ($33mm) from Egypt. Receivables stood
at AED 319 million ($87mm) in Egypt and AED 278 million ($76mm) in the KRI.
The Company continues to engage with the Kurdistan Regional Government and Egyptian
authorities to ensure timely collections, which are key to sustaining operations and planned
investments.
Gulf Oil and Gas
oil & gas
08 November 20255 min readDana Gas Reports Aed 379 Million ($103Mm) Net Profit In 9M 2025
Gulf Oil and Gas
08 November 2025
oil-gas
Clark And D.A. Everett To Lead $800M Carolina Panthers Nfl Stadium RevampA joint venture between Clark Construction and D.A. Everett Construction will oversee the $800 million renovationof Bank of America Stadium, home of the NFL’s Carolina Panthers, according to an announcement from Tepper Sports & Entertainment. Work is scheduled to begin in 2026 and conclude by 2030.
The project will modernise the Charlotte, North Carolina venue, enhancing infrastructure, technology, and fan experience. Early phases will focus on electrical, plumbing, mechanical, and HVAC upgrades, with subsequent work including new seating, lighting, concessions, concourse improvements, upgraded audio and video systems, and exterior video boards for community events. A group viewing area will also be added in the upper bowl.
Alongside the stadium renovation, the Panthers’ existing nine-acre practice field will be redeveloped to include a new indoor field house, to be delivered by Rodgers Builders and R.J. Leeper Construction, both Charlotte-based firms.
CAA Icon will act as project manager and owner’s representative, while HOK, the original architect of Bank of America Stadium in the 1990s, will once again provide design services.
The renovation is primarily financed through tourism tax revenue, which will cover 80% of the total cost. The Charlotte City Council approved the project in June 2024, later authorising $650 million in debt to move forward.
As part of the city’s inclusion goals, 15% of construction work will go to minority-owned small businesses and 12% to women-owned firms. Both D.A. Everett Construction and R.J. Leeper Construction are minority-owned companies.
In addition to hosting the Carolina Panthers, Bank of America Stadium is also home to Major League Soccer’s Charlotte FC.
Stadia Magazine
stadium
06 November 20252 min readClark And D.A. Everett To Lead $800M Carolina Panthers Nfl Stadium Revamp
Stadia Magazine
06 November 2025
stadium
Spurs Secure Funding For $1.3B Arena, Set Stage For Wemby’S PrimeThe Spurs are set to move to a new downtown area after San Antonio–area voters approved a county-level funding measure Tuesday.
Bexar County, Texas, voters passed a $311 million measure that will help fund a $1.3 billion arena at Hemisfair, a downtown location that was the site of the 1968 World’s Fair. Separately, the city of San Antonio will contribute $489 million, with that move not subject to a citizen vote, and the Spurs will pay $500 million, plus all cost overruns. The team also intends to bring in private partners for help with a mixed-use development surrounding the arena.
The long-discussed arena plan will allow the team to depart the 23-year-old Frost Bank Center, which is aging and increasingly does not have amenities offered in modern venues such as California’s Chase Center and Intuit Dome.
“The community has spoken,” Spurs Sports and Entertainment chair Peter J. Holt said after the vote. “We love this city, we love this county, and the county and the city love us back.”
That Bexar County vote, however, was close, with about 52% of voters supporting the measure in the face of significant opposition from a variety of corners. The county funds for the arena will come from hotel and rental car tax receipts, and the decision ends any possibility of the Spurs relocating to another market, such as Austin, where they have a G League team.
The Spurs intend to open their new arena sometime in the early 2030s. The current lease at Frost Bank Center expires in 2032. Once it opens, it will leave the 76ers as the only NBA team not playing in a downtown arena. That team struck a deal early this year with Comcast Spectacor to develop a new facility in the south Philadelphia sports complex to succeed Xfinity Mobile Arena.
The San Antonio facility issue is developing as Spurs phenom Victor Wembanyama has started the season in torrid fashion. Wembanyama and Spurs legends such as Manu Ginóbili were part of heavy pro-arena messaging from the team leading up to the vote. The new venue should be ready for what could still very much be the prime of Wembanyama’s career.
“I think about my future—and my present—all the time, in San Antonio, of course,” Wembanyama said about the arena vote. “And recently a little about the arena because it’s been a subject. … For all areas of my career, I’m very intentional. Even though some things take time [and] patience is needed, I’ve never been one to waste time.”
Front Office Sports
stadium
06 November 20253 min readSpurs Secure Funding For $1.3B Arena, Set Stage For Wemby’S Prime
Front Office Sports
06 November 2025
stadium
Long-Awaited £200M Lincoln Ring Road Completion To Go Ahead Following Government Sign-OffThe secretary of state has approved the legal orders for the long-awaited North Hykeham Relief Road, clearing a key hurdle for Lincolnshire County Council to begin construction of a new dual carriageway that will complete a ring road around Lincoln.
Councillors now expect to appoint a contractor in the coming months, with the choice due to be discussed by the council’s Highways and Transport Scrutiny Committee in December and voted on by the county executive in early January. If that timetable holds, work could begin early next year, according to the council.
Balfour Beatty was appointed to a design and build contract for the road in 2022 through the Scape framework, but it now appears the council will be re-tendering for the job.
The relief road will link the A46 Pennells Roundabout to the Lincoln Eastern Bypass and includes a series of new roundabouts — at South Hykeham Road, Brant Road and Grantham Road — together with bridges at Station Road and over the River Witham. Other elements include an extra arm and signals at the A46 Hykeham Roundabout, an A15 Sleaford Roundabout addition, a Wath Lane non-motorised user (NMU) crossing and a realignment of Viking Way.
Lincolnshire County Council estimates the scheme will cost between £180M and £208M.
North Hykeham relief road map
Council highways executive member Michael Cheyne said the secretary of state’s approval was “fantastic news” that moved the project closer to construction and thanked the project team that worked through the public inquiry process.
Proponents argue the road will help economic growth across the county, reduce congestion in North Hykeham and Lincoln, improve access to central Lincoln and enhance road safety. Opponents of similar schemes elsewhere have warned that new roads can encourage more traffic – a phenomenon known as induced demand – and underline the importance of complementary measures such as public transport improvements and active travel provision. The scheme includes NMU facilities intended to support walking and cycling.
The relief road has been under consideration for around two decades. Initial route consultations took place in 2005 and 2006, with the preferred alignment established in 2006. In recent years the project secured preparatory funding, received a £110M Department for Transport allocation in November 2020. Planning permission was granted in May 2024 before legal orders were approved by the county executive in July. This year has seen a public inquiry held in July and archaeological works since September.
Cheyne said: “This is fantastic news for the North Hykeham Relief Road project and the people of Lincolnshire, since it means we’re one step closer to starting construction early next year as planned.
“Now that we’ve been given the all clear by Government to move forward, the next step is to officially appoint a contractor. This will be a topic of discussion at our Highways and Transport Scrutiny Committee meeting in December, and then voted on by Executive in early January.
“In the meantime, I want thank everyone involved in getting us to this stage – in particular, all of the project team involved in getting us through the public inquiry process. The Secretary of State’s decision to give the relief road the go-ahead is a testament to all the hard work they’ve put in up to this stage.”
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New Civil Engineer (Road)
road-bridge
04 November 20253 min readLong-Awaited £200M Lincoln Ring Road Completion To Go Ahead Following Government Sign-Off
New Civil Engineer (Road)
04 November 2025
road-bridge
€200 Million Loan For Modernization Of Czech RailwaysThe Czech Republic has received funding from the European Investment Bank (EIB) to comprehensively modernise and renew its national railway network. 200 million euros (approximately USD 215 million) in loans. This significant investment aims to increase the safety, sustainability and competitiveness of the railway network by strengthening both passenger and freight transport capacity.
The Ministry of Finance will distribute the funds received to the administrator of the National Railway System Správa železnicThe projects will focus on the renewal of regional and Trans-European Transport Network (TEN-T) lines. It is also planned to procure new maintenance vehicles and equipment to increase the network's efficiency. All work will be carried out Until 2030 expected to be completed.
EIB Vice President Marek Mora stated that this initiative reinforces cooperation between the EIB and the Czech Republic, stating that investing in safer, greener and more efficient rail infrastructure helps the country achieve its climate goals and improves the quality of travel for millions of passengers.
The new loan will be funded by the EIB for the Czech railway infrastructure between 2023 and 2027. For 2,2 billion euros It is part of a broader framework of cooperation for which it expects to provide resources of up to 2,37 billion dollars.
A critical part of this funding comes from the European Commission Just Transition Mechanism Jiří Svoboda, General Manager of Správa železnic, said that the loan allows for continued modernization, in particular by increasing line capacity to meet the growing demand from both passenger and freight operators. ETCS He added that the implementation of the (European Train Control System) has improved safety, but future electrification remains a significant challenge.
Approximately 100,000 people are under the EU's Just Transition Mechanism. 30 million euros The grant will finance sustainable transport projects in Moravia-Silesia, Ústí nad Labem, and Karlovy Vary, the coal regions most affected by the energy transition. Emma Toledano Laredo of the European Commission emphasized that this investment will reduce emissions, shorten journey times, and make rail a more attractive option.
The Czech Republic has electrified a third of its 9.463-kilometre railway network and is recording steady growth in passenger volumes thanks to this modernisation and international connections.
Railly News
railway
28 October 20252 min read€200 Million Loan For Modernization Of Czech Railways
Railly News
28 October 2025
railway
