REM - Renewable Energy
American solar tracker manufacturer GameChange Solar wins contracts for South Africa, Zimbabwe projects
GameChange Solar, an American provider of solar trackers for ground-mounted photovoltaic plants, has won contracts to supply its products to four new projects to produce 500 MW in Zimbabwe and South Africa.
Ukraine eyes expansion of biomethane plants
Ukraine is poised to enhance its gas distribution network with the integration of 22 biomethane plants across the country with a potential of 7.2 bcm.
Iran’s Raisi inaugurates hydro dam in Sri Lanka, urges stronger ties
Iranian President Ebrahim Raisi opened a $514mn hydropower dam in Sri Lanka that was long overdue over a series of issues including US sanctions.
Vestas forecasts bright future for Mexico's renewable energy drive
Vestas, a leading manufacturer of wind turbine blades, is optimistic about Mexico's trajectory towards mass electrification, leveraging renewable resources in sectors like transportation and mining.
GreenYellow Colombia inaugurates Alejandría solar park
Located in Planeta Rica, the Alejandría solar park, built by French company GreenYellow Colombia, reflects the region's commitment to achieving the energy transition.
Africa-focused Globeleq acquires 48.3% stake in Egypt’s Winnergy solar plant
African energy transition and power producer Globeleq has acquired a 48.3% equity stake in the 25 MWp Winnergy solar photovoltaic (PV) plant located in Egypt's Benban Solar complex near Aswan.
IMF: Paying Africa’s Climate bill
The world's poorest countries, especially those in Africa, are struggling to pay for a climate crisis they cannot afford.
ENRG advances surveying at Niger uranium project Agadez within highly prospective Tim Mersoi Basin
ENRG Elements, which focuses on exploring and developing uranium and copper projects, has used radiometrics and a recent trenching program to identify potentially significant uranium mineralisation at its flagship Niger project.
Scotland drops 2030 emissions target
The Scottish government will abandon a key climate target to reduce greenhouse gas emissions by 75% by 2030, versus 1990s level.
China takes the lead in green technology
China has taken the lead in green technology. President Xi Jinping highlighting the country's dominance in key segments of this burgeoning industry that has drawn sharp criticiam from the US for non-market practises.
Croatia allocates €500mn for battery storage systems
Croatia plans to allocate around €500mn in subsidies for battery energy storage system (BESS) technology, part of a larger €1.6bn investment in energy projects, Minister of Economy and Sustainable Development Damir Habijan announced.
Indonesia’s household appliance provider MODENA launches MODENA Energy for renewable solutions
MODENA Group, Indonesia's household appliances industry, has launched MODENA Energy, a subsidiary dedicated to pioneering renewable energy solutions
Vietnam's wind power: positive signs despite hurdles
Vietnam is taking strides towards its ambitious goal of net zero emissions by 2050, with positive developments in wind power projects.
Thailand pushes green agenda as EXIM Bank and Wave BCG join forces
Thailand's Export-Import Bank and Wave BCG, a leading provider of renewable energy solutions, have joined forces to spearhead a sustainability drive across Thai businesses.
Unstable dams mean Chernobyl-scale nuclear disaster threatens Central Asia’s Fergana valley
Studies show Soviet-era radioactive waste disposal facilities became unreliable following 2017 landslide.
World Bank signs $416mn loan agreement with Turkey’s TKYB to tackle air pollutants, GHG emis-sions
How Kazakhstan leveraged “uranium power” to hold reins in nuclear fuel dealings with China
Researcher says Kazakhstan is no mere “node in Beijing’s transregional geoeconomic strategy”. Such thinking obscures Chinese actors’ adaptive approach to local interests and overlooks gains Kazakhstani actors “skillfully extracted”.
Mexico’s energy policy key topic in electoral campaign, Lopez Obrador pushes last reforms
In Mexico's upcoming presidential election, energy policy is taking centre stage, with the frontrunner candidate, Claudia Sheinbaum from the governing party Morena, pledging to invest more than $13.5bn in new energy generation projects through 2030.
Mexico wind power additions down 93% during Lopez Obrador’s term
In a stark departure from previous years, Mexico added a mere 96MW of wind power capacity in 2023, marking a significant decline under President Andres Manuel Lopez Obrador's policy aimed at restraining private sector development.
Kyrgyzstan’s 1Q24 passenger car imports from China up 18-fold driven by re-exports to Russia
Slovakia’s InoBat opens innovative battery production at its Voderady plant
Slovakia’s battery producer InoBat has manufactured the first innovative batteries at its site in Voderady, southwest of the country.
Ukraine secures billions in aid from allies to bolster energy sector
Ukraine's allies have pledged over €1bn in financial support to bolster the country's energy industry and facilitate post-war reconstruction.
Armenia will study Lithuania's experience in the energy sector
The Minister of Territorial Administration and Infrastructures of Armenia, Gnel Sanosyan, met with the Minister of Energy of Lithuania, Dainius Kreivis, in Vilnius.
Iran eyes overseas power plant development
Iran plans to expand its power plant development projects overseas, including renewable energy generation.
UAE's Masdar to invest in 1.2 GW solar power plant in Indonesia's new capital
Indonesia's Coordinating Minister for the Economy, Airlangga Hartarto, unveiled plans for UAE-based energy company Masdar to invest in the construction of a 1.2-gigawatt Solar Power Plant in the Nusantara Capital City
China promotes nuclear tech through carbon-14 production at Qinshan NPP
China has initiated mass production of the carbon-14 isotope at the Qinshan nuclear power plant, as announced by the China National Nuclear Corporation
India’s solar waste problem
India's solar power surge is yielding an unforeseen consequence: mounting waste.
US to restore tariffs on bifacial solar panels – report
The anticipated decision from the Biden administration regarding a solar panel trade exemption, aimed at reversing a two-year-old policy allowing tariff-free imports of a prevalent technology, is set to be granted.
Climate crisis could cost $59 trillion a year – study
As the climate crisis intensifies, a recent study published in Nature unveils alarming projections: the global economy faces a staggering $59 trillion annual economic toll by 2050 due to climate change impacts.
Mexico to halt subsidies to Chinese EV makers amid US pressure
Mexico's federal government, under pressure from the US, is keeping Chinese carmakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, said three Mexican officials.
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
Temperatures are continuing to rise to new all-time highs as global warming accelerates. People have started to die because of the extreme heat and it’s only a matter of time before the “wet-bulb” effect kills large numbers of people.
Siam Cement Group Indonesia moves forward on alternative fuels, raw material utilisation
Thailand revamps energy plan, aims for 50% clean energy by 2037
Thailand is poised for a significant shift in its energy landscape with the upcoming release of the National Energy Plan in September 2024
PTT and Thyssenkrupp team up for carbon capture project in Thailand
PTT Public Company Limited is making strides towards its ambitious climate goals, partnering with German engineering giant Thyssenkrupp Uhde to explore carbon capture and utilisation technology
Iran to open mega hydropower dam in Sri Lanka
Iran’s President Ebrahim Raisi is set to fly to Sri Lanka for a one-day state visit to inaugurate a jointly built hydropower dam with a generation capacity of 120 MW per day, local media of both countries reported on April 21.
PANNIER: Gulf investment commitments to Central Asia rival sums once pledged by China
Since Russia lost leverage in the region after invading Ukraine, many countries have sought to fill the gap. In terms of pledged capital, the Arab nations have become big players.
Brazil’s energy sector M&A activity to yield $5.7bn in 2024
The power industry mergers and acquisitions (M&A) landscape in Brazil is poised to see substantial activity in 2024, with financial institutions projecting transactions totalling at least Brazilian reais BRL30bn ($5.7bn).
Hungary aims to double geothermal energy use by 2030
Hungary already uses geothermal energy as a clean alternative to fossil fuel in district heating, but has vast untapped reserves.
World Bank agrees cooperation model for Kyrgyzstan hydropower project also backed by Kazakhstan and Uzbekistan
Petrobras, CNCEC mull joint projects in oil, gas, and renewables
Petrobras has signed a memorandum of understanding (MoU) with the China National Chemical Energy Company (CNCEC), focusing on various areas, particularly renewable energies and energy transition.
Ferrexpo to invest in solar power plant, electrify production processes
Ferrexpo, a prominent Ukrainian metallurgical company, has announced plans to invest in the construction of a 10.8 MW solar power plant (SPP) and electrify its production processes.
Premier Energy announces €125mn IPO in Bucharest to boost renewables portfolio
Bucharest Stock Exchange becomes increasingly attractive for investors after last year's Hidroelectrica IPO.
Namibian community rejects green hydrogen port expansion project serving Germany’s Hyphen
Hyphen Hydrogen Energy, a JV between renewables group Enertrag SE and investment/project development company Nicholas Holdings, aims to produce 2mn tonnes of green ammonia/ year in Namibia.
Xlinks warns cost of Morocco-UK Power Project could rise some 25% to reach $30bn
UK renewable energy producer Xlinks, noting significant upward pressure on the cost of all energy projects, warns construction of the Morocco-UK Power Project could cost $30bn, up from initial $24bn target.
Serbia's historic monasteries go green with solar energy adoption
Ten monasteries in Serbia have adopted solar power in recent years in a bid to increase self-sustainability and curb electricity expenses.
Panama’s presidential candidate Lombana vows to slash electricity rates and promote solar power
Panamanian Presidential hopeful Ricardo Lombana of the centrist Movimiento Otro Camino party has pledged to drastically reduce electricity rates for Panamanian citizens to a mere $5, following a recent 15% hike in rates by Elektra Noroeste.
MIND ID spearheads renewable energy expansion through subsidiaries
MIND ID, a state-owned mining holding company, is actively encouraging its subsidiaries to enter the renewable energy sector to bolster its presence
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