Wedoany.com Report-Aug. 28, Korea Hydro & Nuclear Power (KHNP) has entered into a memorandum of understanding with Zimbabwe’s Centre for Education, Innovation Research and Development (CEIRD) to collaborate on a preliminary feasibility study for deploying an Innovative Small Modular Reactor (i-SMR) in Zimbabwe. The agreement, signed on August 22, 2025, at the Korea Institute of Radiological Health, aims to advance sustainable energy solutions in the southern African nation.

Wedoany.com Report-Aug. 28, On August 27, 2025, XPENG, a leading Chinese electric vehicle manufacturer, launched the next-generation P7 battery electric sedan in Guangzhou, China. The updated model introduces significant advancements in intelligence, powertrain, and safety, paired with competitive pricing to appeal to a broad market.

Wedoany.com Report-Aug. 28, China Huaneng’s Clean Energy Technology Research Institute and its Qinghai unit have activated the world’s first commercial-scale 5 MW perovskite photovoltaic (PV) demonstration plant at the Gonghe photovoltaic park in Qinghai province. Commissioned on August 23, 2025, the facility aims to collect data on the performance, durability, and environmental adaptability of perovskite and tandem perovskite/silicon modules in high-altitude conditions.

Wedoany.com Report-Aug. 28, Ecuador’s Ministry of Environment and Energy has authorized 643 megawatts (MW) of private-sector renewable energy projects to integrate into the National Electricity System. These projects, focused on self-generation and distributed generation, harness solar and hydroelectric power to bolster the country’s energy infrastructure.

Wedoany.com Report-Aug. 28, The Port of Antwerp-Bruges began construction of a shore power installation at the Zweedse Kaai cruise terminal in Zeebrugge, Belgium. The project includes an onshore power supply (OPS) system and a new high-voltage substation, designed to provide electricity to two cruise ships simultaneously by 2027, ahead of the mandatory shore power requirement set for 2030.

Wedoany.com Report-Aug. 28, On August 27, 2025, Baoshan Iron & Steel Co., China’s largest listed steelmaker, known as Baosteel, announced a 7.4% increase in its first-half net profit, reaching approximately 4.88 billion yuan ($682 million), compared to 4.55 billion yuan in the same period of 2024. The results, disclosed in a filing to the Shanghai Stock Exchange, reflect the company’s resilience despite softer demand in the domestic steel market.

Wedoany.com Report-Aug. 28, On August 27, 2025, Sempra, a U.S. energy company, announced that its subsidiary will supply 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to EQT Corp from the Port Arthur LNG Phase 2 project in Texas. The agreement, spanning 20 years, marks a significant step in expanding U.S. LNG exports to meet global energy demand.

Wedoany.com Report-Aug. 28, Blackstone, a leading U.S. asset management firm, has announced plans to significantly expand its data centre project in Aragon, Spain, with an additional investment of 4.3 billion euros ($5.03 billion). This development aims to strengthen Aragon’s position as an emerging hub for cloud computing in Europe.

Wedoany.com Report-Aug. 28, On August 27, 2025, Kyrgyzstan launched underground gold mining operations at the Kumtor deposit, one of Central Asia’s largest gold reserves, located in the Issyk-Kul region, approximately 50 kilometers from the Chinese border. The government estimates the site holds up to 147 metric tons of gold reserves, marking a significant step in expanding the country’s mining capabilities.

Wedoany.com Report-Aug. 28, South Korea’s petrochemical industry, facing an oversupply, is undergoing significant restructuring, with analysts predicting closures or mergers of small and standalone naphtha crackers. This overhaul aims to reduce surplus production and improve profitability, impacting the country’s naphtha demand, as South Korea is the world’s largest importer of this fuel after China and Japan.