Monday, 26 October 2026

FasterCapital has accepted Just Energy Holdings into its EquityPilot program to support early-stage execution of the Onderstepoort Integrated WtE + Solar PV & BESS project for the Gauteng grid in South Africa, according to a press release carried by Event Registry.

Just Energy Holdings proposes an integrated project at Onderstepoort that combines a waste-to-energy plant, utility-scale solar PV on rehabilitated landfill, and modular lithium-ion battery energy storage.

Under the arrangement, FasterCapital will coordinate introductions and help prioritize near-term deliverables for the project.

John Healey's first budget as chancellor will introduce the opening measures in a package of deep reforms intended to lower British energy costs toward the European average.

Alongside short-term steps meant to give households and businesses a breather, the government will pursue longer-term reforms to address what it sees as a key structural weakness of the economy.

Options under consideration include new measures to separate, or delink, gas and electricity prices.

Under the current system, gas sets the wholesale electricity price whenever it is needed alongside wind, solar and nuclear generation, and many renewable generators are paid gas-linked prices.

The GCC's non-oil economy is set to contract 0.8% this year, according to the IMF.

The bloc as a whole is forecast to shrink 4.8% this year. The IMF projects the non-oil economy will grow 4.5% in 2027, per its Regional Economic Outlook report for the Middle East and Central Asia.

IMF Regional Outlook findings released on October 22, 2026 point to a 1.3% contraction across the Middle East, North Africa and Pakistan this year as the Iran war continues to disrupt energy production, shipping, tourism and international trade.

The government has issued an ordinance regulating the installation, operation and approval of solar power systems with capacities of up to 5 MW, according to the Dhaka Tribune.

Eligible institutions may install systems under either an operational expenditure (OPEX) or capital expenditure (CAPEX) model, according to the Daily Sun.

Electronic government procurement will not be mandatory for procurement covered by the ordinance, the Daily Sun reported.

The ordinance also sets penalties for theft, damage, unauthorized connections and obstruction of solar installation or maintenance work.

Egypt's Higher Committee for Public-Private Partnership (PPP) Affairs approved a package of infrastructure projects to be delivered under public-private partnership arrangements, covering industrial wastewater treatment, seawater desalination and electricity infrastructure, according to Daily News Egypt.

The committee approved tendering four industrial wastewater treatment plants and endorsed the procedures proposed for offering them to investors, according to Ahram Online.

On desalination, the committee cleared a tender for a central seawater plant in Port Said with daily capacity of 900,000 cubic metres, according to Daily News Egypt. It also approved tendering a Suez desalination plant sized at one million cubic metres per day across two phases.

For electricity, the committee approved tendering the right to operate the Hadayek El-Assema transformer station, its connecting lines and associated networks under the PPP framework, according to Daily News Egypt.

Türkiye plans to announce a revised National Energy Plan on November 5 with stronger targets extending through 2040, a senior energy official said.

Combined installed wind and solar capacity has exceeded 44 GW, according to Ozkaya, who recalled Türkiye's 2024 target to raise capacity to 120 GW by 2035.

An earlier estimate put transmission and distribution investment needs at USD 80 billion through 2035, the official said, adding that requirements would rise as the planning horizon extends to 2040.

Decisions on Greek energy subsidies covering the first half of November are expected next week, according to dnews.gr, leaving households uncertain about heating and transportation costs as winter approaches.

The Greek government is examining whether it can obtain between EUR 300 million and EUR 400 million through an EU energy-related fiscal escape mechanism, dnews.gr reported, potentially drawing on a EUR 1 billion funding envelope. Access to those resources requires European approval, creating uncertainty over both the scale and duration of additional support.