Margün Enerji’s USD 150 Million Acquisition of Hez Enerji Signals a New Geothermal Consolidation Wave in Türkiye The global renewable energy sector is undergoing a rapid phase of consolidation, with strategic acquisitions reshaping ownership structures, accelerating capacity expansion, and strengthening long-term energy security. One of the latest and most significant moves comes from Türkiye, where Margün Enerji Üretim Sanayi ve Ticaret A.Ş. has agreed to acquire geothermal company Hez Enerji İnşaat San. ve Tic. A.Ş. in a deal valued at approximately USD 150 million . The transaction, which includes an operational geothermal power plant and additional resource licenses, underscores the aggressive expansion strategy of Margün Enerji in the geothermal space. This acquisition is not just a financial transaction—it represents a broader strategic pivot in Türkiye’s renewable energy landscape, where geothermal energy is increasingly becoming a core pillar of baseload clean power generati...
"EDF Extends Nuclear Power Plants Heysham 1 and Hartlepool until 2026, Boosting Energy Security and Reducing Carbon Emissions
EDF, the operator of Heysham 1 and Hartlepool nuclear power plants in the north of England, has just made a game-changing announcement. Brace yourself, because these two power units will now continue to operate until 2026, two years longer than previously planned!
Heysham 1 (Image: EDF)
The decision comes after a rigorous review by EDF, prompted by the impact of the Russian war with Ukraine and energy price rises. Positive inspections of the graphite reactor cores during 2022 have increased confidence that the stations can generate for longer and continue to meet stringent regulatory standards.
But wait, there's more! The 29TWh of electricity these stations could generate over the two-year period could help to displace 6 billion cubic metres of gas, in carbon emission terms "like taking 5 million cars off the UK’s roads for a year". Not only does this help the UK reduce its use of imported gas, but it's also great news for the 2000 skilled people whose jobs are supported by these sites. The preservation of their valuable technical and operational skills will be critical as the UK seeks to re-build its nuclear capability.
Matt Sykes, Managing Director of EDF’s Generation business, proudly stated, “Our ongoing investment and careful stewardship of the UK nuclear fleet since 2009 has allowed us to make today’s decision and helps support the UK’s energy security at this challenging time."
It's clear that EDF's decision to keep Heysham 1 and Hartlepool operating for longer is a significant win for energy security and the environment, and a huge boost for the UK's nuclear capability.
source:(worldnuclearnews)
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