REM - Renewable Energy
Iran says US-Israeli strikes hit renewables, cutting power plans for 3,500 rural homes
Iran said US-Israeli strikes destroyed solar equipment worth $1.2mn, delaying power projects for 3,500 rural homes, Energy Minister Abbas Aliabadi said in a letter to IRENA.
Uzbekistan’s solar, wind output rises 40% in 1Q
Uzbekistan generated 2.37bn kilowatt-hours (kWh) of electricity from solar and wind plants in January to March, with the figure up by 40% y/y, or by 678mn kWh, according to the Ministry of Energy.
Ghana, Rwanda deepen nuclear cooperation as Africa builds regulatory capacity for peaceful atomic use
Namibian green developer Hyphen Hydrogen Energy advances drive to boost local participation
Hyphen Hydrogen Energy (Hyphen), a Namibian green hydrogen developer, has assessed up to 400 local companies to prepare them to participate in its project.
Malaysian solar power provider Solarvest speeds up 6.3GW rollout
Solarvest Holdings Bhd, Malaysia’s leading solar power provider, is seeking to fast-track its large-scale project delivery as the regional energy crisis triggers a surge in renewable energy demand
Malaysia to hike biodiesel mandate to B15, starting with B12 rollout
Malaysia will increase its biodiesel blend mandate from B10 to B15, beginning with an initial move to B12, as a strategic measure to stretch domestic fuel supplies during the global energy crisis
TotalEnergies, Masdar team up on $2.2bn Asia renewables venture
TotalEnergies and Masdar have agreed to establish a $2.2bn joint venture to consolidate their onshore renewable energy portfolios across nine Asian markets.
Poland's power group PGE plans no dividend from 2025 profit, contrasting with smaller peers
Poland’s major power group PGE proposed on April 14 not to pay out a dividend from its 2025 profit, a move that contrasts with the payout plans announced by its smaller peers Enea and Tauron.
Hyundai targets 40,000 China EVs to dodge tariffs
Hyundai Motor (005380.KS) is aggressively pivoting its focus to the Chinese electric vehicle market, aiming to sell more than 40,000 eco-friendly cars this year.
Renault plans new EV releases for South Korea
Renault Korea intends to introduce a new vehicle model every year until 2029 and will commence production of its next-generation electric vehicle (EV) range at its Busan facility in 2028.
Kyrgyzstan outlines plan to launch SCO Development Bank
IMO launches AI fuel optimisation pilot on Mexican vessel in push for maritime decarbonisation
Côte d’Ivoire secures $70mn green bond for Korhogo solar project
Africa Finance Corporation has closed a €65mn ($70mn) green bond to fund a 66MW solar plant in Côte d’Ivoire, marking the first project finance green bond in WAEMU and signalling a shift toward African-led infrastructure financing.
Egypt set to receive €50mn in first tranche of EU-backed green industry financing in June
Germany grants new $234mn climate loan to South Africa amid grid strain
Germany has extended a €200mn concessional loan to South Africa to support grid expansion & renewable energy, reinforcing European backing for the country’s just energy transition as transmission constraints continue to limit new power capacity.
Botswana, Oman sign deals for renewable energy, oil storage cooperation
The deals include the development and operation of an oil storage facility in a coastal region of Botswana, and a project to develop, build and finance a 500-MW photovoltaic solar power plant inland.
Tokyo island mayor open to nuclear waste site survey
The mayor of a Tokyo village has indicated a willingness to allow the government to conduct a survey into the suitability of Minamitori Island as an underground disposal site for high-level radioactive waste.
France and EU help finance $196.74mn upgrade of Uganda's Jinja hydropower plants
Uganda has secured UGX 735bn ($196.74mn) in financing from France and the European Union to rehabilitate the Nalubaale and Kiira hydropower stations in Jinja, key assets in the country’s electricity system
Hidroelectrica plans over 3,000 MWh in battery storage projects
Romania’s state-controlled hydropower producer Hidroelectrica (BVB: H2O) is advancing battery energy storage system projects totalling more than 3,000 MWh, as part of its broader strategy to diversify and stabilise its renewable energy output.
BYD sales surge past 10,000 units in South Korea
China’s leading electric vehicle maker BYD (1211.HK) is making significant gains in the South Korean market, a territory traditionally dominated by local giants Hyundai (012330.KS) and German luxury marques.
Adani Green signs JV with UAE-based Minerva to develop renewable projects in India
Adani Green Energy Limited (NSE: ADANIGREEN) has entered into a joint venture agreement with Minerva Holding RSC Ltd to develop renewable energy projects in India.
Algeria brings 400MW of solar capacity online
Algeria has commissioned two solar power plants with a combined capacity of 400MW
Turkey to tender three licensed geothermal sites
Turkey is to offer three licensed geothermal sites in an upcoming tender.
Egypt eyes wind and solar projects at Gebel El Galala off Red Sea
The Egyptian government is currently studying plans to harness the high wind speeds of the Gebel El Galala region in Suez Governorate for renewable energy projects
Cambodia breaks ground on $1bn pumped-storage hydropower project
Cambodia has begun construction of a major $1bn hydropower scheme in Koh Kong province, marking a new step towards strengthening national energy security.
Vietnam auto sales surge as EV demand accelerates
Vietnam’s car market has bounced back sharply, with electrified vehicles leading the charge as auto sales more than doubled in March to 70,859 units
Polish power group Enea posts 30% jump in 2025 net profit as green transition takes hold
Polish power group Enea reported a 30% year-on-year increase in its 2025 net profit to PLN1.82bn (€428mn), marking the first positive financial impacts of its extensive green energy transition, the company announced on April 13.
North Macedonia plans floating solar project to power irrigation and refill Dojran Lake
Allied Biofuels to build Central Asia’s first integrated biofuel refinery in Uzbekistan
Uzbekistan can look forward to hosting Central Asia’s first integrated biofuel refinery.
SGX-listed issuers hit 98% climate disclosure rate
Climate reporting amongst Singapore Exchange (SGX)-listed issuers reached a near-universal 98% for governance and metrics in 2025, according to the Climate Reporting Review 2025
PT Garuda Yamato Steel commissions 6.5 MWp solar plant to kickstart green steel shift
PT Garuda Yamato Steel (GYS) has commissioned a 6.5 MWp solar power facility at its production site, marking one of the largest renewable energy installations in Indonesia’s steel sector
NTPC Group capacity rises with Tehri pumped storage unit
Indian state-owned NTPC Limited (NSE: NTPC) has expanded its generation capacity with the commissioning of a key pumped storage unit, alongside fresh additions in its renewable energy portfolio.
Indonesia’s KAI shifts entire fleet to B40 biodiesel
Falling battery prices make round-the-clock solar power supply viable in India
A recent report by energy think tank Ember says that declining battery storage costs have reached a level where it makes it economically viable for solar power to supply most of India’s electricity demand.
Battery costs have declined by 99% in the last three decades, making electrified transport a reality – OWID
Over 20mn electric cars were sold globally in 2025 — some for as little as $10,000. Even just two decades ago, that would have been impossible. The reason it's possible now? Batteries have gotten much cheaper.
Kazakhstan ratifies green energy agreement with Azerbaijan and Uzbekistan for European export corridor
The upper house of Kazakhstan’s parliament has approved the ratification of an agreement on a strategic partnership with Azerbaijan and Uzbekistan covering the production and transmission of green energy to Europe.
Kia to spend $33bn on EV, robotics expansion
NTPC partners EDF to explore nuclear expansion in India
NTPC Limited has entered into a non-binding memorandum of understanding with France’s Électricité de France (EDF) to examine opportunities for developing new nuclear power projects in India.
Colombia's Ecopetrol downgraded by S&P after Colombia rating cut
Ecopetrol saw its credit rating lowered to BB- from BB by Standard & Poor's, following a similar downgrade of Colombia’s sovereign rating, the agency said
India climbs to third in global renewable capacity rankings
India has emerged as the world’s third-largest country in terms of installed renewable energy capacity, overtaking Brazil.
Brazil pushes biodiesel beyond limits
Brazil’s biodiesel industry and farm lobby are pressing the National Petroleum Agency (ANP) to loosen rules on voluntary blending above the current 15% mandate, seeking to remove prior approval requirements for higher shares.
Uzbekistan sees 7% y/y rise in electricity production in 1Q
Uzbekistan's electricity generation expanded by 7% y/y in the first quarter of 2026, according to the Ministry of Energy.
1Q EV, hybrid sales in Turkey account for more than half of market
Slightly more than half of the cars sold in Turkey in the first quarter of this year were reportedly electric and hybrid vehicles.
Brazil set to launch biomethane market
Brazil’s oil and gas regulator ANP expects the first biomethane guarantee-of-origin certificates to be issued in May, triggering compliance requirements under the Fuel of the Future law.
South Africa showcases green hydrogen roadmap at UNIDO conference
South Africa has outlined a roadmap to develop a green hydrogen industry aimed at exporting to major global markets amid rising demand while calling for greater funding and technical support.
Namibian rail operator TransNamib pilots hydrogen-powered locomotive, seeks pivot from diesel engines
TransNamib Holdings (TransNamib), Namibia’s state-owned rail company, has launched a six-month trial run for a locomotive powered by hydrogen and diesel in partnership with Belgian giant CMB. TECH (EBR: CMBT).
India’s clean energy push hinges on debt markets
India’s ambition to scale up renewable energy capacity to 500 gigawatts (GW) by 2030 and achieve a 60% non-fossil fuel energy mix by 2035 will depend as much on financing structures as on policy and technology.
India clears two mega hydropower projects in Arunachal Pradesh
India's Cabinet Committee on Economic Affairs, chaired by Narendra Modi, has approved a combined investment of INR401.75bn ($4.4bn) for two major hydropower projects in Arunachal Pradesh.
Windfall tax delay exposes Indonesia’s challenge in capturing commodity gains
Indonesia recently announced that it had delayed the rollout of its windfall tax proposal on coal and nickel exports. The country noted that the complexity of balancing fiscal needs with industrial policy is behind the delay
Polish builder Erbud launches strategic options review following 15% EBITDA growth in 2025
Polish construction company Erbud announced on April 8 the launch of a strategic options overview, a move that does not rule out capital injections or major changes to its shareholder structure, after posting a 15% y/y increase in 2025 EBITDA.
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