Spain’s Iberdrola Group, through its British subsidiary SP Energy Networks, has awarded contracts worth over GBP3bn (EUR3.5bn) for the development of the subsea electricity interconnector Eastern Green Link 4 (EGL4) between Scotland and England in the United Kingdom (Iberdrola press release, 30/03/2026).
A power purchase agreement (PPA) has been signed between China’s DZGM Energy Resources and Zambia’s state-owned Zesco for the development of a 100 MW hybrid wind and solar project, expected to take shape within 6 months (Zambian Ministry of Energy press release, 28/03/2026). “DZGM said the investment responds to the Presidential call for increased private sector participation in the energy sector, reaffirming its commitment to timely delivery in partnership with Zesco”, according to the government’s statement.
Italy is looking to delay the deadline for the phase-out of coal-fired power plants from 2025 to 2038, according to a decree waiting to be converted to a law by the end of April 2026. The country originally pledged to phase out coal-fired generation by the end of 2025 as part of EU climate commitments. The government wants to keep some coal-fired power plants on standby beyond this date in case of emergencies, amid the oil and gas supply crisis linked to the US and Israel's war on Iran.
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