Oracle and OpenAI have shelved plans to use an 800MW expansion to an AI data centre in Abilene, Texas, after negotiations over financing and OpenAI's changing needs hit the scheme, Bloomberg News reported.
Lead Story
Lead Stories
Disruption from the US-Israel war with Iran leaves US LNG exporters poised to profit. Quarterly and full-year earnings provided updates on the next wave of financing plans. By Alison Healey
GR Infraprojects has reached financial close on a rupee-denominated project financing for a greenfield transmission project. Adani is using US dollar debt for its latest greenfield transmission financing. By Alexandra Dockreay
Italy has issued a new energy bill that has shaken green power producers. The decree promotes a €3bn state aid package reimbursing emissions trading system costs for gas-fired producers. By Cristiana Sandeva
PFI Comment
The unprecedented events in the Gulf have put a spotlight on the local economies. The short-term impact is anyone's guess but in the medium term the prospects are bright pending a return to normality. That said, there will be consequences.
African mining in 2026 is best understood as a contest over architecture. By Kirsty Delaney, senior associate, Tom Jamieson, partner, Ro Lazarovitch, partner, and Darren Spalding, partner, at Bracewell (UK) LLP
PFI Global Energy Report 2025
PFI Global Energy Report 2025
PFI has published its annual Global Energy Report. The report presents case studies of important leading-edge deals and profiles various institutions and developers involved in the sector. Battery storage is a common theme across the report alongside energy for AI and data centres.