REM - Renewable Energy
Canada’s oil sands producers form net-zero alliance
Five major Canadian producers announced this week that they were forming an alliance that will work together to achieve net-zero greenhouse gas (GHG) emissions from the country’s oil sands by 2050.
World Bank loans Turkey $265mn to improve earthquake resilience and energy efficiency of public buildings
US fails to persuade China to bring forward 2030 peak emissions goal
The US government has tried to persuade China to bring forward its current 2030 target for peak CO2 emissions, Japanese media reported, although China has rebuffed the request.
Central bank says 50% of Romanian bank loans bear climate change risk
Central bank official warns over banks' climate risk, saying 25.4% of non-government credits finance polluting businesses.
EBRD is extending $62.5mn senior unsecured loans to Egypt’s QNB AlAhli for green economy finance
Siemens Gamesa to install 160-MW wind farm in the Philippines
Siemens Gamesa has won a contract to supply, install and commission 32 onshore turbines for the 160-MW Balaoi & Caunayan project in the Philippines.
IEA calls for $1 trillion of annual investment in clean energy in developing economies
Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns
Indonesia confirms plan for 41 GW of new capacity by 2030
Indonesia is aiming to build 41 GW of new generating capacity by 2030, of which 52% will be fossil fuel-based and 48% renewables.
GE to supply Cypress turbines to Vietnam
GE Renewable Energy has secured an 88-MW contract to supply its Cypress turbines for a wind project in Vietnam’s Ninh Thuan Province.
Naturgy launches two projects in Chile
Spain-based Naturgy has launched two new renewable projects totalling 316 MW in Chile – the Cabo Leones II wind farm and the San Pedro solar plant, both in the Atacama desert.
Talks over infrastructure bill have collapsed
Talks between the White House and Republican negotiators fell apart on Tuesday, with clean energy one of the sticking points. The weeks of discussions faltered over the definition of infrastructure as well as how to pay for it.
Ireland set for wind expansion
Ireland is set for its latest wind boom as EDF Renewables Ireland (ERI) unveiled plans to develop a 100-MW wind farm, while Norway’s Statkraft is preparing bids for six wind farm projects at the next Irish renewables auction.
US Climate Envoy John Kerry: “super steroid” push needed for renewables
The world needs a “super steroid” push for renewable energy as well as a second “super steroid push” for new energy technologies, John Kerry, Special Presidential Envoy for Climate, told the Clean Power 2021 virtual summit.
More than half of North Macedonia’s banks start providing green loans
Most commercial banks in North Macedonia aim to increase the share of green loans in their portfolios, central bank survey finds.
REM: Square to invest in Blockstream's solar-powered bitcoin mining facility
Financial services firm Square, Inc. and the bitcoin miner Blockstream are investing $5mn in an open-source, solar-powered bitcoin mining facility at one of Blockstream’s sites in the United States.
Galp, EDP withdraw from Portuguese hydrogen plan
Square to invest in Blockstream's solar-powered bitcoin mining facility
Financial services firm Square, Inc. and bitcoin miner Blockstream are investing $5mn in an open-source, solar-powered bitcoin mining facility at one of Blockstream’s sites in the United States.
Energy Storage develops a low-cost, long-duration energy storage unit based on mineral salts, not lithium batteries
Australian energy storage specialist, Energy Storage, has unveiled its next generation low-cost, long-duration, energy storage unit that the company says offers the same sort of performance as hydro, but is completely mobile.
EBRD to help Uzbekistan's Samarkand go “green”
Russia to make Far North region of Murmansk a green-tech testing ground
Russia’s Far North region of Murmansk will become a testing ground for “green” technologies as the Kremlin starts to ramp up its efforts to tackle the climate crisis after a slow start.
Russia passes law on limiting GHG emissions
CS Wind to purchase Vestas’ Colorado tower factory
Danish turbine manufacturer Vestas has signed an agreement with South Korea’s CS Wind for the acquisition of Vestas’ tower manufacturing facility in Pueblo, Colorado in the United States.
European Commission provides €1bn funding boost for 72 Green Deal research projects
The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.
Energy transition takes centre stage at SPIEF
Coal bandits
The IEA has said that the road to net zero by 2050 is “narrow but still achievable,” so long as there is no more investment in new coal projects, in order to limit global warming to 1.5C.
Kenya to adjust minigrids regulations to boost private investment
Kenya’s Energy and Petroleum Regulatory Authority (EPRA) is considering proposals to allow private companies to buy electricity from state-owned Kenya Power and then sell it on in what could be a major boost for the country’s minigrid sector.
Scaling Solar supports 60 MW of solar capacity in Senegal
The World Bank Group's Scaling Solar programme has launched 60 MW of solar capacity in Senegal that will offer one of the lowest power prices in sub-Saharan Africa.
bneGreen: North Macedonia heads towards green energy transition
North Macedonia's national energy strategy foresees a 66% reduction of greenhouse gas emissions from the energy sector by 2030.
Coal’s appetite for expansion puts net zero at risk
Current coal mine expansion productions now stand at 30% of current, putting at risk the move towards net zero
EBRD provides €2mn loan to North Macedonia’s Ohridska Banka for residential energy efficiency investments
Sinopec looks to cleaner future
The state-owned refiner is investing in both petrochemicals and hydrogen as it plans for a decline in transportation fuel demand.
REM: EDPR enters Chile with 628-MW wind, solar portfolio
REM: EDPR enters Chile with 628-MW wind, solar portfolio
Surging iron prices are driving up carbon costs for the producers
Iron prices have surged to nine-year highs in the post-COVID commodities boom that got underway at the end of last year, but that is now pushing up the cost of carbon for producers and eating into their profits.
Follow us online