Wednesday, 30 September 2026

Tesla opened USD 30 billion in lines of credit, according to a regulatory filing reported by Electrek. Electrek reported that the loan facilities came from Citi and Wells Fargo.

The loans carry terms ranging from one to five years, according to Electrek. The facilities replace a previous USD 5 billion credit line that Tesla had filed for but held no current debt from, per Electrek.

Talen named Terry Nutt as its next chief executive officer, effective January 1, 2027, according to a GlobeNewswire release. Nutt, currently Talen's president, will also join the board upon his appointment.

Mac McFarland will remain CEO and a board member through December 31, 2026, the release said. He will then serve as a senior adviser until his retirement in March 2027.

Talen's board also increased the remaining capacity under its share repurchase program to USD 3.0 billion through December 31, 2028, according to GlobeNewswire.

BNP Paribas warned that rising crude prices, broader commodity inflation and slowing rural and industrial activity could create fresh headwinds for India's growth in the coming months, according to a new report from the bank.

The warning lands as Brent crude has crossed the USD 100 per barrel mark, according to Open magazine, a level policymakers watch for its impact on inflation, imports and household spending.

India relies on imports for roughly 90% of its crude oil consumption, according to FXStreet. That exposure ties domestic prices closely to global crude moves.

Inflation is already climbing. India's Consumer Price Index (CPI) accelerated to a provisional 4.82% year on year in August, according to data from the Ministry of Statistics and Programme Implementation (MoSPI) cited by FXStreet.

Belgium's annual inflation rose to 4.69% in September, its highest level since May 2023, as energy prices continued to climb, according to Anadolu Agency citing official data released Tuesday.

The consumer price index climbed 4.69% year-on-year, up from 3.97% in August, dpa reported.

Energy inflation accelerated to 24.4% from 16.5% in August, according to dpa.

Motor fuel prices were 33.9% higher than a year earlier, Anadolu Agency reported.

Africa Energy, Arostyle Investments and Main Street 1549 have signed addenda to their definitive binding agreements to restructure Africa Energy's and Arostyle's investment in Main Street, according to a PR Newswire release carried by CRWE World and Investing News.

The addenda extend the agreements' long stop date from September 30, 2026 to December 31, 2028.

Under the contemplated steps, the withdrawing parties will first transfer their aggregate 90% participating interest in South Africa's Block 11B/12B to Main Street. Africa Energy will then acquire Arostyle's 51% ownership interest in Main Street, after which Main Street will transfer a 25% participating interest in the block to Arostyle.

Once the structure is complete, Africa Energy, through its interest in Main Street, will hold a 75% participating interest in Block 11B/12B, with Arostyle holding the remaining 25%.

Global financial markets faced pressure Tuesday as government bond yields stayed near multiyear highs and crude oil remained above USD 100 per barrel, according to STL.News. The combination increased concerns that inflation and elevated interest rates could remain major obstacles for investors.

The benchmark U.S. 10-year Treasury yield was hovering near 5.27%, according to STL.News.

Crude oil prices have emerged as a major pressure point for global markets, weighing on emerging markets, currencies and investor sentiment.

Tullow Oil Plc shares fell by half after the company lost an arbitration case over taxes on its fields in Ghana, which account for the bulk of its production, according to World Oil.

The stock fell as much as 52% following the decision, World Oil reported.

The International Chamber of Commerce ruled that a corporate income tax assessment of USD 196.5 million did not breach Tullow's petroleum agreements, according to World Oil.

The assessment related to proceeds Tullow received during the financial years 2016 through 2019, World Oil reported.

Hitachi has signed a memorandum of understanding with Linxon and FTC Solar to pursue acceleration of the utility-scale solar and battery storage market, according to Solar Builder.

The MOU aims to establish a strategic collaboration framework as the companies work to pursue projects across North America and beyond, Solar Builder reported.

Under the partnership, Linxon will serve as the primary EPC integrator, according to Solar Builder. FTC Solar will provide tracking, racking and other balance-of-system solutions for the projects. Hitachi will contribute the utility-scale inverters and power conversion systems for the solar and battery projects.

Vår Energi has completed its acquisition of selected assets and licenses from Pandion Energy, according to Offshore Engineer OEDigital.

The deal was first announced on June 18 for cash consideration of USD 110 million, Offshore Engineer OEDigital reported.

The transaction gives Vår Energi a 10% interest in the Nova field, a 20% stake in the Ofelia development and a 49% interest in the Sierra Solberg discovery, along with a portfolio of exploration licenses in the Gjøa area, according to Offshore Engineer OEDigital.

ArcLight Capital Partners said its fund completed the acquisition of a 50% stake in IATP, according to Power Magazine.

IATP is a 5.4-GW portfolio of 11 power infrastructure assets across North America, Power Magazine reported.

Invenergy will retain its existing 50% ownership interest and operational role in IATP, according to Power Magazine.

Elgin has acquired the 200 MW Blackhall Solar Farm in County Meath, Ireland, from GP Joule, according to Mercom India.

Elgin, a solar and energy storage independent power producer, expects to invest approximately EUR 200 million in developing and constructing the project, Mercom India reported.

The Blackhall solar project is at a late stage, with consent received and grid connection arrangements in place, according to the same report.

Elgin said the acquisition expands its late-stage development pipeline in Ireland and increases the capacity it can enter in the upcoming Renewable Electricity Support Scheme auction.