Goldman Sachs warns that Spain must overhaul its energy strategy following the April 28 blackout, putting billions in green and tech investments at risk.
A powerful 7.5-magnitude earthquake shook Chile’s Magallanes Region on May 2, 2025, triggering a tsunami alert and evacuations. This report explores its tectonic origin, impact on mining and energy infrastructure, and why experts call it a wake-up call for southern Chile.
A 7.5-magnitude earthquake struck off the coast of Puerto Williams in Chile’s Magallanes Region, caused by tectonic pressure between the Antarctic and Scotia plates, according to Chile’s Seismological Service.
A 7.5-magnitude earthquake struck southern Chile near Puerto Williams, triggering tsunami warnings and over 15 aftershocks. Authorities briefly evacuated coastal zones in Magallanes and Antarctica.
Argentina will install two floating LNG terminals by 2028 in partnership with PAE, YPF, and international firms, unlocking $2.5B in annual gas exports.
A new report warns that Spain’s plan to shut down all nuclear plants by 2032 could raise energy prices by 36%, cost 30,000 jobs, and compromise grid stability.
Beatriz Corredor, President of Redeia, dismisses claims that renewables triggered the Iberian blackout and defends Spain’s electric grid as “exemplary.” She urges policymakers not to politicize the energy mix or undermine renewables.
France says a blackout like Spain’s is less likely in its territory thanks to nuclear energy, reigniting the Iberian debate on energy strategy.
The UK’s National Energy System Operator (NESO) detected two unexplained frequency disturbances before the massive blackout that hit Spain and Portugal. Authorities are now investigating any possible connections between the two events.
British Gas warns 12,000 households to replace outdated RTS meters before June, or risk higher electricity bills. Smart meters offer a modern solution, but time is running out.