REM - Renewable Energy
Chevron buys majority stake in largest green hydrogen storage project
Oil supermajor Chevron has purchased a majority stake in the ACES Delta project in central Utah, which is slated to be the world’s largest green hydrogen storage plant.
EC’s von der Leyen promises support for wind industry
European Commission President Ursula von der Leyen is pledging more support for Europe’s struggling wind industry starting in 2024.
Zambia clinches $1.5bn renewable energy investment commitments from Chinese companies
Germany calls for more Ukrainian renewable energy, corruption fighting
German Minister of Foreign Affairs Annalena Baerbock visited an electric substation near Kyiv on September 11 and proposed that Ukraine should increase its reliance on renewable energy sources and must work harder to stamp out corruption.
UAE company signs agreement with Poland’s ORLEN on small modular reactors
The Emirates Nuclear Energy Corporation (ENEC) and ORLEN Synthos Green Energy (OSGE) will together look into developing small modular reactors (SMRs) for the Polish and European power sector.
Investments in UK offshore energy, low-carbon tech could hit $250bn by 2030, says OEUK
Investments in offshore UK energy and low-carbon technologies could hit GBP200bn ($250bn) this decade, according a new report by industry association Offshore Energies UK (OEUK).
DFC Board approves $425mn financing for TP Solar's mega solar manufacturing plant in SE India
H2 Green Steel raises $1.6bn in equity for world’s first green steel plant
In the largest private placement in Europe this year, H2 Green Steel has raised around €1.5bn ($1.6bn) in equity from an investor group led by Altor, GIC, Hy24 and Just Climate.
Philippines targets 2023 completion for smart and green grid plan
UK government auction for offshore wind flops, net-zero goal faltering
The UK government said on Friday, 8 September, that no offshore wind developers whatsoever had bid in its latest auction of renewable energy contracts.
UK must store hydrogen in underground caverns to meet net-zero targets, says Royal Society
The UK government must kick-start the construction of large-scale hydrogen storage facilities if it is to meet its pledge that all electricity will come from low-carbon sources by 2035 and reach legally binding net-zero targets by 2050.
Germany awards over 1.4 GW of onshore wind but response was weaker
Germany’s latest onshore wind auction awarded 1.4 GW of capacity, but that was less than the 1.6 GW that developers offered in May, according to the Germany Federal Network Agency, the Bundesnetzagentur.
Zenobē clinches $1bn funding to expand in North America, Australia
Zenobē, the international provider of end-to-end solutions in fleet electrification as well as battery storage, has secured an investment of around $740mn from KKR, a leading global investment firm.
Pertamina's 'Independent Energy Villages' initiative powers 58 Indonesian villages with renewable energy
Pertamina, the state-owned oil company in Indonesia, has successfully powered 58 villages across the nation using renewable energy sources as part of its corporate social responsibility program known as the 'Independent Energy Village.'
Bermuda, New England and Atlantic Canada jittery as Hurricane Lee approaches
As Hurricane Lee barrels across the western Atlantic towards land, residents are on alert for destructive wind and surf as the weekend approaches.
US solar industry to add record 23 GW in 2023
The US solar industry expects to add a record 32 GW of new capacity in 2023, a 52% increase from 2022.
Russia's lost opportunity in the energy transition
Russia has lost, potentially irrevocably, its status as Europe’s top gas supplier as a result of its invasion of Ukraine and its subsequent weaponisation of supplies.
Brazil’s offshore wind sector could be the new pre-salt of energy, consultancy says
China's Canmax to invest $6.2mn more in Zimbabwean lithium venture with Premier African Minerals
South Africa’s electricity minister, JSE to co-host transmission grid financing seminar
As many as 5,000 feared dead in Libya
More than 5,000 people are feared dead and 10,000 missing in Libya after Storm Daniel tore through the north African country on Sunday, according to reports. The situation has been described as “catastrophic”.
Zambia's president in China, courts electric vehicles maker BYD to invest in his country
Chinese engineers arrive in Kyrgyzstan for studies ahead of construction of hydropower plants chain
Hitachi Energy India Ltd wins contract to connect 300-MW solar project in Rajasthan
Hitachi Energy India Ltd has secured a contract from Ayana Renewable Power to facilitate a crucial grid connection solution for an expansive 300-MW solar photovoltaic project situated in Bikaner, Rajasthan.
Hungary revises emission targets in National Energy and Climate Plan
The climate crisis is here, the ecosystem is starting to collapse
The climate crisis is here and the world’s ecosystem has already started to collapse. This summer has been marred by all-time record temperature highs, destructive flash flooding and record storms. Is it too late to stop a disaster?
Slovenian NGO objects to planned hydrogen facility in Italy’s Trieste
G-20 agree to increase renewables, but no deal on fossil fuels
The G-20 leaders have agreed to triple renewable energy by 2030 but they missed the boat on fossil fuels.
Indonesia to move away from fossil fuels, swamp gas now a fuel option
Indonesia is a nation optimistic about leading the charge in energy transition, particularly when it comes to moving away from fossil fuels.
The Global Biofuel Alliance and revamping future power generation
With the world focused on the refusal of the G20 to condemn Russian aggression against Ukraine in New Delhi, Indian efforts at establishing a worldwide biofuel alliance took something of a back seat when news agencies did their usual summit wrap-up.
Bangladesh's Summit Group to invest $3bn in clean energy initiatives across South Asia
Ghana invests $32.9mn into development of Atlantic Lithium's flagship Ewoyaa project, mining sector
Unplanned dam constructions threaten Iran’s ecosystem
The unintended consequences of these ambitious dam projects have raised concerns about their long-term sustainability and impact on the environment.
Hungarian government backs down from solar energy regime changes
The government has faced an unusually stern criticism from the Fidesz faction for retroactively altering financial conditions for homes bound by existing contracts
Kyrgystan’s top minister appeals to citizens to conserve electricity amid energy sector state of emergency
Kyrgyzstan’s Chairman of the Cabinet of Ministers Akylbek Japarov on September 8 appealed to citizens to conserve electricity wherever possible amid the state of emergency across the country’s energy sector that will run until the end of 2026.
Turkey’s AKLease obtains €25mn EBRD loan for green investment on-lending
Hidroelectrica seeks consultant for 1.5GWh PV project
UN report: two years left to reduce emissions and avoid global disaster, and we probably won't make it
We have two years to fix the climate and reach the Paris accord emission targets, according to a UN global stocktake report, and we are not going to make it.
US geologists may have unearthed world's biggest lithium deposit
EV battery manufacturers plug into Southeast Europe
Southeast Europe is already home to some high-profile electro-mobility companies. Now, it's becoming a location for battery manufacturing too.
Russia woos Bangladesh with nuclear fuel
Russian Foreign Minister Sergey Lavrov was wooing Bangladesh with a visit to Dhaka on September 7 as Moscow seeks to strengthen its relationships in SE Asia following its invasion of Ukraine last year.
Repsol enters US onshore wind market with $768mn purchase
Spanish oil and gas company Repsol has agreed to buy the renewable energy platform ConnectGen, with a 20-GW pipeline and development capabilities, for $768mn from Quantum Capital Group.
Dominion to sell stake in largest US offshore wind farm
Dominion Energy said it will try to sell a stake in its 2.64-GW Coastal Virginia Offshore Wind (CVOW) project. The project is “on budget and on schedule”, the company said.
Rare Subtropical Storm Daniel hits Libya, causing flooding and havoc
Mediterranean Storm Daniel unleashed its fury upon Libya on September 10, leaving a trail of flooding and destruction in its wake. The subtropical storm is part of a series of powerful storms wreaking havoc worldwide.
AMEA of Dubai plans green hydrogen plant in Kenya
AMEA Power of Dubai will construct a green hydrogen plant in Kenya, reports Bloomberg. The facility, Kenya’s first, would be in Mombasa.
Indonesia needs $172bn investment in renewables, grid, says state utility
Indonesia’s state utility Perusahaan Listrik Negara (PLN) will need as much as $172bn of investment in renewable energy projects and grid upgrades if it is to add 60 GW of renewables capacity by 2040, a director has told an industry event.
Battery technology breakthrough as aluminium may outperform lithium-Ion
In the quest for superior energy storage solutions, researchers at the Georgia Institute of Technology in the US have made significant strides by harnessing the power of aluminium foil.
Filipino-Singaporean JV looks at Taiwan renewables investment
In a move aimed at expanding its international footprint, ACEN Corp., the energy platform within the Philippines’ Ayala Group, has unveiled plans to venture into Taiwan's renewable energy sector.
Bangladesh group to invest $3bn in clean energy across South Asia
Bangladesh's Summit Group, a leading player in the subcontinent’s energy sector, has unveiled plans to channel $3bn into solar, wind and hydroelectricity projects throughout South Asia.
Indonesia's Jawa 9&10 Power Plant to pioneer green ammonia-hydrogen hybrid
The Jawa 9&10 Power Plant in Indonesia is set to become the world's first hybrid power plant to use green ammonia and hydrogen in its production process, Republika reported.
REM: Only 11 countries are reducing emissions and all will miss Paris targets, says Lancet
Only 11 countries are reducing emissions and all will miss Paris targets - Lancet
Green growth is not yet happening in any advanced economies – and high-income countries are not on track achieve enough emissions reduction without more far profound changes in consumption.
Only 11 countries are reducing emissions and all will miss Paris targets - Lancet
Green growth is not yet happening in any advanced economies – and high-income countries are not on track achieve enough emissions reduction without more far profound changes in consumption.
Namibia hydrogen plans may generate $4.1bn by 2030, boosting GDP by a third, central banker says
Malawi's electricity generator Egenco to co-develop local geothermal projects with Kenya's GDC
Global demand for uranium to rise 28% by 2030 in a business dominated by Russia
The World Nuclear Association (WNA) has released a report forecasting a significant increase in the global demand for uranium in nuclear reactors through to 2030, Reuters reported on September 7.
Renewable energy projects among priorities of Enterprise Georgia
Kazakstan challenges its current status within IAEA
Russia's booming uranium trade
In June Russia sent its first cargo of uranium to India to feed the local nuclear power plant (NPP) since 2019. Russia’s nuclear exports are booming.
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