REM - Renewable Energy

ADB approves $600mn green loan for Indonesia's PLN

The Asian Development Bank (ADB) has agreed to lend $600mn to Indonesian state utility Perusahaan Listrikk Negara (PLN) to expand electricity access and promote renewable energy.

Enel to invest €70bn in renewables

Enel has announced plans to invest €70bn in renewables until 2030 in a bid to extends its green capacity to 120 GW.

Trina Solar and Tongwei Group complete joint venture

Chinese-based global PV and smart energy solution provider Trina Solar has signed a joint venture agreement with global photovoltaic giant Tongwei.

Ørsted eyes 1.6 GW of offshore wind capacity in South Korea

Denmark’s Ørsted said on 24 November that it would build up to 1.6 GW of offshore wind capacity in South Korea off the coast of Incheon City.

Montenegro remains frontrunner in adopting EU energy law but Ukraine catches up: EC

French investor plans to develop up to 4 geothermal projects in Serbia

Indian solar tariffs reach new record low

India has posted a new record low for solar tariffs, with local units of Singapore’s Sembcorp Industries and Saudi Arabian-based Aljomaih Holding Co bidding INR2 ($0.027) per kWh in recent auctions.

EBRD loans PLN173mn to two new wind parks in Poland

Nordex Energy lands €78mn contract for Ignitis Grupe's wind farm in western Lithuania

Pamir Energy Company launches two power plants in Tajikistan

Riyadh to maintain focus on oil despite transition

Invenergy breaks ground on largest photovoltaics project in US

Invenergy, the private renewable energy developer, has broken ground on the largest solar plant in the United States. The final phase of the 1.31-GW Samson Solar Energy Center will come online in 2023 and will supply power to major corporations.

Canadian green energy investor accuses Ukrainian oligarchs of stealing its assets

Russian photovoltaics firm Hevel Group selects Arctech Solar to supply 150-MW 2P trackers to Kazakh project

Uzbekistan to launch production of electric buses by 2022

EU sets 300-GW offshore wind target for 2050

The EU aims to increase Europe’s offshore wind capacity from 12 GW at present to at least 60 GW by 2030 and 300 GW by 2050 in a bid to reach climate neutrality by 2050.

Albania calls tender for 100MW Spitalla photovoltaic park

Bamboo Capital Partners to manage $40mn World Bank-led investment in Madagascar

Bamboo Capital Partners, an impact investing platform, is to act as international fund manager for Madagascar’s World Bank-led Off-Grid Market Development Fund (OMDF), which aims to invest $40mn in the country.

East Africa’s geothermal potential risks being left untapped

East Africa has so far failed to take advantage of its geothermal potential, with only 900 MW of generating capacity up and running.

Estonian government approves results of public procurement of 5 GWh of green electricity

Akuo Energy, IEL Energie to launch construction of €120mn Basaid wind farm in Serbia in 2021

IRENA highlights continued shortfall in green investment

Global renewable energy investment increased between 2013 and 2018, reaching its peak of $351bn in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI).