REM - Renewable Energy
Fusion, the holy grail of the energy transition, is closer than ever before. But it’s still unclear whether it can be commercialised in time to ward off the climate crisis.
If the world is to limit global warming to 1.8 degrees Celsius above pre-industrial levels, $3.1 trillion of grid infrastructure investments is required before 2030, according to new research by Rystad Energy.
The credit facility is part of the 2023-2027 OCP's Green Investment Programme, worth $13bn, which aims to promote sustainable development and environmental protection in its operations.
Shell is bullish on growth in Germany’s biomethane market, a top manager told Reuters on February 20, noting that its client base in the country was seeking decarbonised energy.
During its launch event in Riyadh, Alat, which is wholly owned by the Saudi Public Investment Fund (PIF), announced significant global agreements with top global technology companies.
Aligned with the Serbian government's plans for renewable energy auctions and targets outlined in the Integrated National Energy and Climate Plan (INECP or NECP), the partnership emphasises accelerating Serbia's transition to greener energy sources.
Japan has pledged to allocate €1.25bn to support its investors in Ukraine at the Tokyo Conference on Economic Development and Reconstruction, where key agreements were signed on the environment.
EIB Global, the financial arm of the European Investment Bank outside the EU, is set to provide €36mn for the construction of the Vlasic wind farm in Bosnia and Herzegovina, as part of the Global Gateway initiative.
Founded in 2008 outside of the main European financial hubs, Belektron generated sales revenues of €3.16bn in 2023, according to Podjetna Slovenija's ranking.
Environmentalists are urging financial institutions to demand more assessments before giving any more money.
Indonesia's state mining holding company MIND ID, through its subsidiary Inalum, plans to collaborate with the United Arab Emirates aluminium company, Emirates Global Aluminium, to develop the bauxite downstream industry to produce aluminium
The Amazon rainforest could face “large-scale collapse” by 2050, says new research.
Aker Solutions and Principle Power have been awarded a front-end engineering and design contract for the Haewoori Offshore Wind 2 and 3 projects, collectively amounting to 1GW
PT Kilang Pertamina Internasional Refinery Unit VI (Kilang) Balongan inaugurated a 1.51 Megawatt peak Solar Power Plant (PLTS) on February 19
Thailand is intensifying efforts to achieve carbon neutrality by 2050, driving a significant shift towards decarbonizing its energy sector
Serbia launched its inaugural agrisolar power plant, "Solar Harvest”, a partnership between Elektropionir energy cooperative and Organela organic farm.
Saudi Investment Fund buys 40% stake in offshore company
Stakeholders need to collaborate, tackle waste and address the elephant in the room: Afghanistan.
The recent blackout affecting more than half a million homes in Victoria, Australia, has reignited a heated debate over the resilience of the state's energy infrastructure and the rapid transition away from traditional energy sources
Japan has successfully completed a series of large-scale demonstration tests for a groundbreaking floating seismic isolation system aimed at enhancing the feasibility of siting small modular reactors
In a significant move for renewable energy in Southeast Asia, the Lao government has signed a Project Development Agreement with Savan Vayu Renewable Energy Co., Ltd. for a massive 1,200MW wind farm project.
Afghanistan is already grappling with its worst drought in three decades, contributing to the deep economic slump.
On its website, the IAEA announced that the summit would be the most significant meeting to date solely focused on nuclear energy. The summit will be co-chaired by IAEA Director General Rafael Grossi and Belgian Prime Minister Alexander De Croo.
The 3-MW Dolovo biogas power plant built by Turkish electricity producer Fortis Energy, a unit of Istanbul-based UCK Holding, in Serbia has come online, Fortis Enerji said on February 14.
Albania's government announced on February 14 its approval of Faethon, a renewables developer and indirect subsidiary of Greece's Heron energy group, to construct a 90-MW photovoltaic (PV) power plant in Libohove.
Indonesia's state-owned electricity company, PT PLN, has secured a $1mn grant from the US Trade and Development Agency to study the feasibility of developing new renewable energy infrastructure in five remote and disadvantaged regions
The newly acquired sites, all on private land, include a 6-MW Agri-PV project. Two other projects are also set to obtain all permits by the end of 2024 and the third is awaiting spatial plan insertion.
Ukrainian biomethane producers are halting production due to unresolved export issues, with the cost of production far exceeding that of natural gas, according to industry insiders.
Dubai Municipality has signed a memorandum of understanding with NV Besix SA, Marubeni Middle East and Africa Power Ltd. (MAMEA) and ENOC Marketing at the World Governments Summit 2024 to produce SAF.
The UK government is set to throw its support behind the construction of the UK’s first large-scale hydrogen plant at the Stanlow oil refinery in north-west England.
Kiler Tekstil, a unit of Turkish conglomerate Kiler Holding, will invest a total of TRY4.4bn ($143mn) to build a 150-MW solar power plant, namely Cevrimtepe, in Siirt Province in Turkey.
India is leading the charge towards a sustainable energy future, with solar power taking the spotlight in its renewable energy journey. As of January 2024, solar energy holds a commanding 55% share of the country's total renewable installed capacity,