Two-minute overview of this week's new energy industry news (June 17-June 23)

1、Renewable Energy Information——The UK’s Crown Estate to invest £400m in offshore wind supply chain expansion

According to Reuters on 17 June, the Crown Estate, which manages the seabed around England, Wales and Northern Ireland on behalf of the monarchy, has announced up to £400 million in investment to strengthen the UK’s offshore wind supply chain. The funding will support the development of domestic ports, manufacturing, and testing facilities, aiming to ease key bottlenecks and accelerate progress towards the UK’s 2030 target of a largely decarbonised power sector.

2、Electric vehicles Information——Chuneng New Energy enters car manufacturing, first model to rival Aito M5

Chinese battery maker Chuneng New Energy has officially launched its car manufacturing business, with its automotive team reportedly now over 100 strong. Media reports suggest its first model will be a range-extended SUV designed to rival the Aito M5. Future plans reportedly include both range-extended and fully electric models. Chuneng has yet to comment.

3、Renewable Energy Information——Norway’s Statkraft to cut $292m costs, job cuts under review

According to Reuters on 17 June, Norwegian state-owned utility Statkraft plans to cut annual costs by 15%, or $292 million, by 2027 in response to global uncertainty, rising expenses and falling power prices. The company will pause some offshore wind projects and may decide on potential job cuts in the second half of 2025.

4、Renewable Energy Information——India’s $89 Billion Clean Industry Pipeline Faces Funding Challenges

According to a Reuters on 19 June, India’s clean industry projects, valued at $89 billion, are encountering significant financing difficulties, with only one project launched in the past six months. High capital costs and an underdeveloped market are cited as key obstacles, leaving India trailing behind China and the US in clean industry investment.

5、Renewable Energy Information——UK awards 3GW floating offshore wind leases to Equinor and Gwynt Glas

According to Reuters on 19 June, the Crown Estate has awarded seabed leases to Norway’s Equinor and Gwynt Glas to develop two 1.5GW floating offshore wind farms in the Celtic Sea, off the coasts of Wales and South West England.

The projects will support the UK’s target of increasing offshore wind capacity to 43-50GW by 2030, while boosting local jobs and economic growth.

6、Renewable Energy Information——Ireland goes coal-free with closure of Moneypoint plant

According to Electrek on 20 June, Ireland has officially ended coal-fired power generation with the closure of its only coal plant, Moneypoint, Electrek reports. This makes Ireland the sixth coal-free country in Europe. Renewables, led by wind, now supply over a third of Ireland’s electricity.

7、Energy Storage Information——MET Group brings Hungary’s largest battery storage online with Huawei tech

According to Energy Storage on 20 June, Swiss IPP MET Group has commissioned a 40MW/80MWh battery storage system at its Dunamenti power plant near Budapest, now the largest in Hungary. The 2-hour system, built with Huawei technology and contracted by Forest-Vill Ltd, will support renewable energy integration into the grid.

8、Electric vehicles Information——German carmakers face €500m tariff hit in April — VDA

According to Reuters on 20 June, German automakers likely incurred around €500 million in additional costs in April due to U.S. import tariffs, VDA President Hildegard Mueller said. The estimate reflects the impact of duties imposed by President Trump on exports from Germany to the U.S.

9、Electric vehicles Information——Fortescue’s “Infinity Train” Runs 1,100 km Fuel-Free

According to Electrek on 21 June, Fortescue’s electric “Infinity Train” completed a 1,100 km trip using regenerative braking to recharge—no fuel or external charging needed. It will cut 82 million litres of diesel and 235,000 tons of CO₂ yearly, slashing 11% of the company’s emissions. And it will move the company closer to its “Real Zero” goal.

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