Latest news with #électricité
Bloomberg
25-06-2025
- Climate
- Bloomberg
French Power Prices Rise on Warnings of Heat-Linked Nuclear Cuts
French month-ahead power prices rose after Electricite de France SA warned that nuclear output could be cut at the end of June because of scorching weather, just as increased cooling demand strains electricity supply. Several plants along the Garonne and Rhone rivers could be impacted as rising water temperatures threaten cooling operations, according to the state-run utility. Production may be restricted at the Blayais site from June 30, St. Alban from July 1, and Golfech from July 2.
Zawya
25-05-2025
- Business
- Zawya
Morocco secures €300mln from EIB and KfW to strengthen grid, boost renewables
Morocco's National Office of Electricity and Drinking Water (ONEE) has secured €300 million in financing from the European Investment Bank (EIB) and the German development bank KfW to strengthen its electricity transmission infrastructure and support the country's energy transition. The funding, which includes €170 million from the EIB and €130 million from KfW, will be used to upgrade and extend the national grid by 731 km and increasing its evacuation capacity by 1,850 MVA, accordinng to a Frenck language press statement by EIB. The investment is part of ONEE's broader 220 billion Moroccan dirhams ($21.7 billion) roadmap through 2030, with MAD 177 billion dedicated to the power sector. The financing complements earlier investments such as the 270 MW Jebel Lahdid wind farm, co-financed by the EIB, KfW, and the European Union. ONEE has an installed capacity of 12,017 megawatts (MW), 45.4 percent of which comes from renewable energy, and is developing 12.5 gigawatts (GW) of additional capacity by 2030. Morocco is aiming for 56 percent of installed capacity from renewables by end-2027. (Writing by Majda Muhsen; Editing by Anoop Menon) (
