REM - Renewable Energy

26 November 2020

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

25 November 2020

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

25 November 2020

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

25 November 2020

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

25 November 2020

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.

Indian solar tariffs reach new record low

25 November 2020

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.

Invenergy breaks ground on largest photovoltaics project in US

23 November 2020

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.

EU sets 300-GW offshore wind target for 2050

19 November 2020

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.

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

19 November 2020

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

19 November 2020

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

IRENA highlights continued shortfall in green investment

19 November 2020

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).