Utilities
Climate Claims Group Issues New Guidance for Carbon Credits
Companies focused on taking climate action can now voluntarily use carbon credits through 2040 to address the greenhouse gas emissions from their value chains.
NMDC Energy reports robust growth with 75% revenue increase in first quarter
NMDC Energy PJSC has announced impressive financial results for the first quarter of 2025, with revenues soaring to AED 3.7 billion, marking a 75% year-on-year increase. The Abu Dhabi-based company, a majority-owned subsidiary of NMDC Group, also reported a 25% rise in net profit to AED 217 million compared to the same period in 2024.
Crippling Power Outage in Spain Likely Caused by Generation Loss
Spain’s state-backed operator of electricity transmission lines said that one of Europe’s worst blackouts in years, which knocked out power to much of the Iberian peninsula on Monday, was most likely caused by losses in generation.
