REM - Renewable Energy
ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
BP investment decision on Australia green hydrogen hub in 2024
Oil and gas supermajor BP will make a final investment decision on the H2Kwinana project in Australia in 2024. This comes as the company has completed its concept development study on the green hydrogen hub in Western Australia.
Pertamina advances bioenergy development for sustainable energy transition
By harnessing the country's rich natural resources, including sugarcane, corn, cassava and sorghum, Pertamina is spearheading the creation of plant-based fuels to power Indonesia's energy transition.
Google to sell digital maps to solar companies
Web and mapping giant Google expects to earn $100mn in the first year of selling maps to solar companies, according to several news outlets.
Germany’s RWE wins only offshore wind power lease in Gulf of Mexico in disappointing result
The German affiliate RWE Offshore US Gulf won the only lease awarded in the recent auction for offshore wind tracts in the Gulf of Mexico.
Offshore wind primed for rapid expansion in APAC
More than 380 GW of offshore wind capacity worldwide, across 32 markets, is predicted to be added in the next ten years (2023-2032), according to the new 2023 Global Offshore Wind Report.
Argentina boosts annual lithium export target to 400,000 tonnes
Argentinian Mining Secretary Fernanda Ávila revealed that the South American country is set to increase its lithium export target from 34,000 tonnes per year to 400,000 tpy.
Sri Lanka has 56-GW offshore wind potential
Sri Lanka has 56 GW of offshore wind potential, although not all of it will be developed, says a new report by the World Bank.
Ørsted warns of $2.3bn hit to US projects
Ørsted, the Danish offshore wind developer, said that its offshore wind projects off the US East Coast could require impairment charges of up to DKK 16bn ($2.3bn).
Mexico's electric vehicle output to increase by 179% in 2023
Mexico's production of electric vehicles (EVs) is set to rise by 179% in 2023, compared with 2022, according to a report by Mexican consultancy American Industries Group.
Mocean, Aker partner on wave power for oil and gas hubs
Aker Solutions Subsea and Mocean Energy are entering a joint venture to extend the life of existing oil and gas hubs with wave energy.
EU scouts Africa for SAF projects
The European Union has banked on Africa backing sustainable aviation fuel (SAF) projects for its Global Gateway infrastructure fund ahead of an expected increase in demand for sustainable air travel, according to an EU official.
Uzbekistan’s 7M23 EV imports grow sixfold
Siemens’ wind turbine problems could cost €4.5bn
The problems at Siemens Energy's wind turbine subsidiary could cost as much as €4.5bn ($4.9bn), reports manager magazin, citing anonymous sources.
Field to break ground on battery storage site in Wales
Field is to break ground within weeks on its 40-MWh battery storage site in Newport, South Wales. The ground-breaking will occur son, and the storage facility should be connected to the grid in the third quarter of 2024.
Bulgaria invites Slovenia to join project for new reactors at Kozloduy NPP
Bulgaria has invited Slovenia to join a project for the construction of new reactors at its Kozloduy nuclear power plant. Sofia has already invited Greece to also join the project.
IRENA: New renewables’ affordability increases despite inflation
The fossil fuel price crisis has accelerated the competitiveness of renewable power, says a new report by the inter-governmental International Renewable Energy Agency.
Agaoglu Group sells 25% stake in wind power unit Tatlipinar via Istanbul IPO for TRY 2bn
India gears up for auction of 100 critical mineral blocks to drive green energy transition
Investors eye Vietnam’s rare earth resources
German grid operator unveils 8-GW offshore wind link
Amprion, a German electricity transmission system operator, has unveiled plans for an 8-GW offshore wind link which could power 8mn people.
Engie buys Texas grid-scale battery developer for $1bn
France’s Engie has agreed to buy Broad Reach Power, a company specialising in grid-scale battery storage and based in Houston, from private equity funds EnCap and Apollo.
Junk carbon offsets crackdown continues
The UK’s Advertising Standards Authority is scrutinising carbon offsets that may be more greenwashing than helpful in the fight against climate change.
Egypt-Ethiopia GERD dam talks yielded no significant progress, Egypt’s water ministry says
The Egyptian Ministry of Water Resources and Irrigation issued a communiqué on August 28, stating that the two days of formal talks in Cairo involving Egyptian, Ethiopian and Sudanese officials failed to yield a substantial shift in Ethiopia's stance
China to build a nuclear power plant in Saudi Arabia
Saudi Arabia is reportedly contemplating a Chinese proposal to construct a nuclear power plant (NPP) only a week after the Kingdom was offered a place in the expanded BRICS+ club designed to counter a Western hegemony.
Opinions split in village where Kazakhstan likely to build country’s first nuclear plant
Zambia's copper pipe dream
Zambia has a plan to transform the economy, but its one that rests on precarious foundations. As the global landscape shifts towards renewable energy, demand for copper is expected to fly.
Myanmar junta to restart Shan State hydroelectric project
Myanmar's junta is aiming to revive a stalled hydroelectric project in the northern region of Shan State, which had been put on hold when French state-owned company Électricité de France (EDF) withdrew from Myanmar in 2021.
World’s largest battery-electric ferry reportedly under construction for Argentina-Uruguay route
10MW solar power plant inaugurated in central Iran
A 10-megawatt solar power plant was officially inaugurated in Isfahan Province, central Iran, on August 28.
Alarm sounded as dust storms in Iran reach Caspian coasts
China’s BYD ponders Japan, Korea as battery plant locations
Manila set to roar onto the East Asian renewables stage
Equinor, Posco to partner on South Korean floating wind project
Equinor of Norway has agreed to partner with Posco, a South Korean industrial group, on the planned 750-MW Firefly floating wind project to be sited off South Korea. The scale of Firefly would make it the world’s largest.
India can become global wind-energy supply chain powerhouse
India could become a key player in the global wind energy supply chain, according to a new report by the Global Wind Energy Council and MEC Intelligence.
Mexico’s electric vehicles sales grow 30-fold in five years
Brazil's Urca Trading enters power market
Westinghouse to deliver fuel to Slovak nuclear power plants
Hungary to lift moratorium on solar panel feed-in tariff but retroactively change balance settlement rules
The Hungarian government will lift the moratorium on solar panel feed-in tariff (FiT) at the start of 2024, but under the new conditions, earlier investments will be impossible to recoup. The changes were announced by Energy Minister Csaba Lantos.
ENERGO: Hungary to lift moratorium on solar panel feed-in tariff but retroactively change balance settlement rules
Planned Selangor waste-to-power mapped out in Malaysia
India's Oriana Power clinches INR1.38bn contract for 20-MW solar project in Dhanbad
Oriana Power has emerged victorious in securing a noteworthy contract valued at INR1.38bn ($16.7mn). The contract, awarded by Bharat Coking Coal Ltd (BCCL), is for the establishment of a 20-MW AC ground-mounted solar photovoltaic power plant.
Shell to pump INR35bn into renewable power, LNG imports and EV charging in India
This substantial infusion of funds aims to establish a multi-faceted energy ecosystem comprising renewable energy infrastructure, electric vehicle charging stations, and a cutting-edge liquefied natural gas regasification terminal.
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