Italy’s FER2 Auction Approves Two Zero‑Emissions Geothermal Projects — What It Means for the Market Overview: FER2’s first geothermal auction and the winners Italy’s FER2 incentive mechanism — established by the Ministry of the Environment and Energy Security (MASE) to stimulate renewable investment through long‑term Contracts for Difference (CfDs) — has completed its first geothermal tender, awarding favourable rankings to two zero‑emissions projects with a combined capacity of 29.4 MW. The auction aimed to allocate a dedicated 30 MW quota for geothermal plants that operate with no net emissions, and it selected: - Pola 1: a 24.4 MW project in Jolanda di Savoia, Ferrara. - ITW & LKW Geotermia Italia: a 5 MW plant in Castel Giorgio, Terni. Two other bids — a 12.69 MW project in Castelnuovo di Val di Cecina by Magma Energy Italia and a 5 MW proposal in Monterotondo Marittimo from Enel Green Power Italia — were excluded from the final rankings. The FER2 framework sets explicit timeli...
Globeleq Delays Power Supply: Kenya's Energy Crunch Worsens By Robert Buluma Published: May 29, 2026 There is an uncomfortable truth settling over Kenya’s electricity sector this week. Just as the country’s industrialists were beginning to breathe a sigh of relief that the worst of the power rationing might be over, a new storm has appeared on the horizon. The British independent power producer, Globeleq, has officially delayed the connection of its 35-megawatt geothermal plant to the national grid. For the average Kenyan who has grown accustomed to the lights flickering off precisely at 6:30 PM, this might sound like just another technical footnote in a long list of energy sector woes. But for those who watch the numbers closely, this is a significant blow. It is a delay that threatens to prolong the agony of scheduled blackouts, pressure Kenya Power’s already strained finances, and expose the fragility of a national grid that is struggling to keep pace with a growing economy....