REM - Renewable Energy
Spain's Grenergy sells Chile solar-storage phase "Gabriela" to CVC DIF for $475mn
Grenergy has completed the sale of "Gabriela," the fourth phase of its flagship Oasis de Atacama storage project in Chile, to CVC DIF for $475mn (around €410mn), the Spanish company said.
Climate modellers cut the worst case for the first time in four generations
The highest warming scenario used by climate modellers has fallen to 3.3C by 2100 from 4.6C, the first time the top of the range has come down in four generations of modelling, Carbon Brief reported on September 1. COUNTRIES: Global SECTORS:...
Iran to launch $123mn solar power project fund on energy exchange
Iran will open public subscription to the "Nour" solar power fund, worth an estimated IRR260 trillion ($122.8mn), on the Iran Energy Exchange.
Montenegro’s EPCG advances €26mn Gvozd 2 wind farm project
Tesla leads South Korean import market in August
Registrations of imported passenger cars in South Korea grew 9.2 per cent year-on-year to 29,817 units last month, according to data published on September 3 by the Korea Automobile Importers & Distributors Association.
Myanmar EV policy raises questions over Junta family’s business interests
Myanmar’s EV push is raising fresh questions over the business interests of the junta leader’s family.
Uruguay's UTE revives solar project in Baygorria after Río Negro relocation dispute
Uruguay's state-owned power utility UTE confirmed it will build a new photovoltaic solar park in Baygorria, Durazno department, reviving a project that was relocated to Río Negro department following a dispute over its original site.
UAE's Ultimate Power Solutions launches AI-driven power generators
Ultimate Power Solutions, a Sharjah Airport International Free Zone-based manufacturer, launched a new generation of AI-enabled power generators at the Middle East Energy 2026 exhibition in Dubai.
Israel's PowerGen secures financing for $363mn renewable energy portfolio
Israel’s PowerGen sealed a financing agreement for a portfolio of renewable energy projects valued at ILS 1.1b ($363.32mn), a filing with the Tel Aviv Stock Exchange confirmed.
Qaztomat expands Kazakhstan tomato greenhouse operations with Philips LED lighting
Kazakhstan greenhouse operator Qaztomat has chosen Philips Horticulture LED Solutions to supply lighting for a new 10-hectare greenhouse expansion in the country's northeastern city of Ekibastuz, increasing its total cultivation area to 40 hectares.
India’s coal-fired power growth slows as renewables surge in August
India’s coal-fired electricity generation growth slowed in August as renewable power output increased sharply, although strong overall electricity demand continued to support coal consumption.
Erdogan provides Saudis with €47.50/MWh price guarantee for 2-GW of solar
Deal also includes zero-cost land, tax exemptions and offtake assurances.
Turkmenistan starts plugging its methane mega-leaks
Turkmenistan has sealed eight methane mega-leaks after UN satellite alerts, the first documented repairs by a state long ranked the world's worst for super-emitting leaks from oil and gas facilities.
Grenergy files $520mn solar-plus-storage project for Chile's Antofagasta region
Grenergy Renovables, through subsidiary Solar Antofagasta, has submitted an environmental impact statement (DIA) to Chile's Environmental Impact Assessment System (SEIA) for the Antofagasta 1 photovoltaic park.
Zimbabwe's 100 MW Munyati solar project clears key bankability hurdle
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has signed an Escrow and Security Agreement with Munyati Evergreen Energy to ring-fence project revenues and guarantee its off-take obligations for a planned solar power plant.
UAE raises clean energy target for 2030, citing increased electricity demand
The UAE will raise its clean energy target to 35% of total generation by 2030–2031, Energy and Infrastructure Minister Suhail Al Mazrouei announced at the opening of Middle East Energy.
Rwanda's Nyabarongo II hydropower project reaches 75% completion
Rwanda's 43.5-MW Nyabarongo II hydropower project has reached about 75% completion, up from 73.1% in July, with commissioning targeted for December 2027 as the country works to expand domestic electricity supply.
Floating solar emerges as India’s next frontier in the clean energy transition
In another boost to the solar power sector, the Indian Union Cabinet recently approved the Pradhan Mantri Surya Sarovar Yojana, a scheme for the development of floating solar photovoltaic projects.
Bucharest-listed Premier Energy reports 27% y/y rise in normalised EBITDA
Premier Energy (BVB: PE), which operates in Romania, Moldova, Hungary and Serbia, reported a 27% year-on-year increase in normalised EBITDA to €79mn in the first half of 2026, despite a 64% decline in net profit.
Lindian secures access to Kazakhstan rare earth stockpile
Australian mineral exploration and development company Lindian Resources (ASX:LIN, OTC:LINIF) has secured exclusive access and an option to acquire 13,389 tonnes of previously extracted material in Kazakhstan that could provide feedstock.
China solar capacity overtakes coal for first time
China’s installed photovoltaic power capacity surpassed coal-fired capacity for the first time to become the country’s largest power source, the National Energy Administration reported on September 1.
ERC approves transmission links for Philippines green power
The Energy Regulatory Commission (ERC) has approved the construction of point-to-point transmission lines for two privately funded renewable energy projects in the Philippines, the regulator announced on September 1.
South Korea's SK On signs $1.09bn storage contract
South Korean battery producer SK On (096770.KS) signed a long-term supply agreement with US firm NeoVolta Power (NEOV) to deliver energy storage system (ESS) cells.
Poland seeks bigger role for domestic firms in offshore wind projects
The Industrial Development Agency (ARP) has signed letters of intent with units of Poland's two biggest energy companies, with the aim of increasing the participation of Polish companies in key offshore wind energy projects.
Huasun supplies 13.7-MW solar modules for Myanmar project
Huasun Energy is expanding its presence in Southeast Asia with a 13.7MW solar module order for a photovoltaic project in Myanmar.
Toyota to invest $283mn in electrified vehicle production
Toyota (7203) is stepping up investment in Vietnam with a $283mn expansion focused partly on electrified vehicle production.
Tata Power Renewable Energy commissions 100-MW captive solar project in Tamil Nadu
Tata Power Renewable Energy Limited (TPREL) has commissioned a 100-MW group captive solar power project in Tamil Nadu, taking its overall portfolio size to 12.3 GW.
Oil India unit signs MoUs for four waste-to-energy projects in Haryana
Oil India Green Energy Limited (OGEL), a wholly owned subsidiary of Oil India Limited (NSE: OIL), has signed memorandums of understanding (MoUs) with four Haryana municipalities to develop integrated compressed biogas and waste-to-energy projects
Turkey’s electric car champion Togg will never turn a profit and is hardly “native”, says ex-Renault Turkey CEO
Upcoming T6X model largely Chinese with Turkish cabin slung on top, he adds.
Lesotho launches $5mn Semonkong hybrid power project
Lesotho has launched a LSL78mn ($5mn) World Bank-backed hybrid power project at Semonkong that will rehabilitate the mountain town’s ageing mini-hydropower station and add solar generation, battery storage and diesel backup.
JCM Power selected for 30MW Mozambique solar project
Canadian independent power producer JCM Power has been selected to develop a 30MW solar photovoltaic power plant in Tete, marking its entry into Mozambique as the country seeks to attract private investment into renewable energy.
Bangladesh targets 3,000 MW of solar capacity before next summer
Bangladesh expects to add at least 3,000 MW of solar power generation capacity before next summer as the government steps up efforts to address electricity shortages.
USTDA expands Morocco infrastructure pipeline across energy, critical minerals, and green ammonia
Permafrost is thawing on every continent that has it
Frozen ground is thawing deeper each summer almost everywhere it has been measured, according to the first global assessment of long-term monitoring data.
Chile approves $11bn HNH Energy green ammonia project in Magallanes
Chile's Environmental Assessment Commission (COEVA) for the Magallanes and Chilean Antarctic Region has unanimously approved the HNH Energy green ammonia project, clearing the way for an $11bn scheme to produce and export the fuel.
Eurowind Energy Romania secures grid approvals for 2.3 GW of renewable projects
Eurowind Energy Romania has obtained Technical Connection Approvals for 2,307 MW of renewable energy capacity, covering wind, photovoltaic and battery storage projects, as it advances a development pipeline of approximately 7.5 GW.
Envision Energy sets up Philippine wind supply hub
Chinese green technology firm Envision Energy opened a 1,500-square-metre national distribution centre in Batangas.
Nestlé India buys stake in solar power firm
Nestlé India Limited (BSE:500790) (NSE:NESTLEIND) is expanding its renewable energy footprint, as Indian consumer goods manufacturers increasingly turn to captive power arrangements to cut reliance on conventional grid electricity.
India must mobilise domestic capital to fund clean-energy investment
India will need to mobilise a significant share of funding from domestic financial institutions, capital markets, insurance funds, infrastructure investors and private capital to achieve its target of 500 GW of non-fossil-fuel capacity by 2030
Colombia's Bia Energy raises $18.5mn to expand solar generation and software
Bia Energy has raised $18.5mn in a funding round led by Kaszek as the Colombian energy company expands beyond electricity retail into distributed generation and utility software
Solarcentury Africa, Dallaglio advance 7 MW solar project at Zimbabwe’s Eureka gold mine
Solarcentury Africa has signed an agreement with Dallaglio Investments to develop a 7 MWp solar power plant at the Eureka Gold Mine in Zimbabwe, as mining companies seek to reduce energy costs and improve power supply reliability.
Greenpeace welcomes Wild Coast ruling as boost for South Africa's communities and renewable energy
Advocacy group Greenpeace International has welcomed South Africa’s Constitutional Court ruling against Shell’s Wild Coast exploration, saying it strengthens the rights of coastal communities and supports a shift towards renewable energy.
Iran connects largest solar farm to grid amid power crunch
Iran has connected a 72-megawatt solar farm to its national grid in the northeastern city of Esfarayen, the country's largest solar facility in North Khorasan province.
Ghana plans 1,200MW state-owned thermal power expansion by 2029
Ghana plans to procure 1,200 megawatts of combined-cycle thermal generation capacity by 2029, a major expansion aimed at lowering electricity costs and strengthening energy security as the country seeks to make its power sector more competitive.
Ghana manufacturers accelerate solar push as power costs rise
Ghanaian manufacturers are increasingly looking to solar power as persistently high energy costs squeeze margins and weaken the competitiveness of businesses in one of West Africa’s larger industrial markets.
Tajikistan's first large-scale solar plant begins feeding national grid
Tajikistan's first large-scale solar power plant has begun supplying electricity to the national grid, marking a tentative step toward diversifying an electricity system still overwhelmingly dependent on hydropower.
Mongolia proposes green data centre as regional digital infrastructure hub
Mongolia has unveiled plans for a renewable-powered "Green Data Center" aimed at developing the country as a digital infrastructure hub while limiting the environmental footprint of growing computing demand.
South African miners scale up renewable power to cut Eskom reliance
South Africa’s largest mining groups are rapidly expanding private renewable-power portfolios to cut electricity costs, improve energy security and reduce dependence on state-owned utility Eskom.
Fitch affirms Kazatomprom rating at ‘BBB’ with stable outlook
Fitch Ratings has affirmed Kazakhstan's state-owned uranium producer Kazatomprom at BBB with a stable outlook.
Myanmar firms join forces for 200-MW solar project
Myanmar Thilawa SEZ Holdings Public Co Ltd (MTSH) is partnering with GCL System Integration Technology Co Ltd (GCLSI) to develop a 200-megawatt solar power project in Myanmar.
Adani Energy wins Maharashtra transmission project to evacuate 4.5-GW renewable power
Adani Energy Solutions (AESL) (NSE: ADANIENSOL) has won a transmission project in Maharashtra to evacuate renewable energy generated in Karnataka to major load centres in the state, with an estimated capital expenditure of INR47bn ($490mn).
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