REM - Renewable Energy
World may have crossed solar power 'tipping point', says study
The study, published in the journal Nature Communications, finds that solar photovoltaics (PV) is likely to become the dominant power source before 2050 – even without support from more ambitious climate policies.
EU won't raise 2030 emissions target to 57%, says report
Environment ministers in the EU have been busy working on the proposal they plan to take to COP 28 next month. And it appears they will not move to raise its 2030 emissions reduction target from 55% to 57% below 1990 levels.
Grids could be weak link in energy transition
Efforts to tackle climate change and ensure reliable supplies of electricity could be put at risk unless policy-makers and companies quickly take action to improve and expand the world’s electricity grids, according to a new report by the IEA.
Ørsted selects insurance giant for stake in wind farm off Taiwan
Ørsted has selected Cathay Life Insurance as the preferred bidder for a 50% stake in the 583-MW Greater Changhua 4 offshore wind project off Taiwan.The Danish developer has signed an exclusivity agreement with the insurance company.
China discovers potentially vast amounts of a rare earth
Potentially vast amounts of a rare earth ore containing niobium have been found in Inner Mongolia. The new type of ore has been dubbed niobobaotite.
German car maker BMW in joint venture to trial its iX5 hydrogen vehicles in South Africa
Two South African companies and a unit of German automaker BMW have signed an agreement through which they plan to bring hydrogen fuel cell electric vehicles and hydrogen refuelling technology to the African country.
Iran begins building 100-MW solar farm in Yazd
Iran has broken ground on a 100-MW solar farm in the central Yazd province with an investment of €60mn. The country seeks to overcome a lingering power shortage affecting its industries.
French Voltalia completes 140-MW Karavasta solar plant in Albania
Located in the southern Fier district, the Karavasta solar plant is Albania's largest and holds the distinction of being the biggest in the entire Western Balkans. The project is estimated to cost €135mn.
Fuel element removal completed at Krško NPP
The Krško nuclear power plant in Slovenia has wrapped up preparations for extracting fuel elements from the reactor vessel. All 121 core fuel elements will be transferred to the Spent Fuel Pool shortly.
Ljubljana municipality embarks on €5mn ambitious solar project
The Municipality of Ljubljana, capital of Slovenia, has taken a significant stride towards sustainable energy solutions with a ground-breaking deal signed with energy services providers Energetika Ljubljana, Resalta and RES ERP.
Tesla switches on Europe’s largest battery
A Tesla battery in the UK — claimed to be the largest in Europe — has been energised. Harmony Energy Income Trust successfully energised the 99 MW / 198 MWh Bumpers Battery Energy Storage System project in Buckinghamshire, England.
Rhode Island unveils 1.2GW offshore wind tender
The US state of Rhode Island has launched a 1.2GW offshore wind solicitation. Respondents must apply by January, and the results are expected next summer.
2.7GW of US offshore wind ready for construction
Offshore wind projects permitted for construction in the US tripled in the third quarter, to 2.7 GW , an increase of 194% compared with the second quarter, according to the Business Network for Offshore Wind’s Q3 2023 report.
Tea firm James Finlay Kenya commissions 2.4 MW solar plant
Chinese company LONGi expands solar PV manufacturing with new factory in Malaysia
LONGi Green Energy Technology Co., a prominent player in China's solar photovoltaic industry, inaugurated a new manufacturing facility in Malaysia's Selangor state, underscoring its commitment to expanding production within the Southeast Asian nation
Galileo Resources reports "positive start" to drilling programme at Zimbabwe lithium prospect
South Africa’s energy crisis is powering foreign investment in renewables
Britain is seeking to expand its renewable energy footprint in South Africa, says the UK trade envoy for South Africa and Mauritius Andrew Selous.
Boljevac municipality plans 236-MW Cestobrodica wind farm
Kosovo to issue public call for 150 MW of wind-based electricity generation in 2024
The government of Kosovo has decided to initiate an additional auction in 2024, aiming to attract private investments in 150 MW of wind-based electricity generation, the Economy Ministry announced on October 16.
Ho Chi Minh City proposes mechanism for rooftop solar power trading
Ho Chi Minh City has made a proposal to establish a mechanism for buying and selling surplus electricity generated from rooftop solar power installations.
Malaysia invests $1.4bn to boost renewable energy training in technical education
The Malaysian government is unveiling a comprehensive initiative to introduce new Technical Education and Vocational Training courses focusing on electric vehicles and solar energy.
New coalition to enable first clean hydrogen shipment across Atlantic by 2026
An ambitious coalition has launched to enable the first clean hydrogen shipment across the Atlantic by 2026.
Enlight energises Golan Heights wind farm
Commercial operation at Enlight Renewable Energy’s 207-MW wind farm in Israel-Syria has been secured. This is despite Israel-Hamas fighting in the region, which began on October 7.
Copenhagen Infrastructure Partners closes €2bn for two new funds
Ukraine struggles to pay a growing $820mn debt owed to green energy producers
The Ukrainian government is struggling to pay the outstanding UAH30bn ($820mn) of growing debt it has run up with the producers of renewable energy.
Bulgaria’s Eldrive, Videolux to jointly build superfast charging stations for e-vehicles
Bulgaria’s largest operator of chargers for e-vehicles, Eldrive, and the local owner of retail parks and hypermarkets Videolux Holding have teamed up to jointly build hubs for superfast charging of electric cars on the territory of retail parks.
Orosur Mining sets up lithium exploration JV in Nigeria
Regulators deal blow to 4 GW of wind projects off New York
Some 4 GW of offshore wind projects in New York are in limbo after state regulators unanimously rejected a bid by developers of the four projects to increase their contract by an average of almost half.
Mongolian president to discuss Power of Siberia 2 pipeline, Erdeneburen hydroplant projects in Xi, Putin meetings
Yerevan to buy 250 electric buses
GULF signs Power Purchase Agreement with EGAT to develop industrial waste-to-energy plants
Gulf Energy Development Public Company Limited, has officially signed a Power Purchase Agreement with the Electricity Generating Authority of Thailand to develop two industrial waste-to-energy projects.
Estonia seeks to postpone biomethane-powered bus production final deadline beyond 2030
EU climate ministers discussed on October 16 whether to end the production of new biomethane-powered urban buses by 2030, but Estonia’s stance is clear – postpone the deadline in the country by at least five years.
Green India struggles in September, but solar looks to bounce back
Recent data made public by India’s Central Electrical Authority points to last month being the worst performing September since 2018, with just 268.77 MW of renewables added to the grid.
Investors eager to drive offshore power projects in Vietnam
New investors are showing strong interest in launching ambitious offshore power projects in Vietnam.
Tecpetrol determined to enter Argentina’s lithium industry as Alpha Lithium bid deadline looms
Argentine-Italian billionaire Paolo Rocca's foray into the lithium sector remains undeterred, even as his oil-drilling unit explores alternative avenues in Argentina.
Ganfeng Lithium breaks ground on $250mn factory in Nigeria
Russia agrees to build nuclear power plant in Burkina Faso
Indonesia moves into renewable energy manufacturing industry
Indonesia-owned PT PLN, through PLN Indonesia Power Renewables, has signed a shareholders' agreement for a joint venture with Trina Solar
Indonesian delegation conducts business visit to Norway, to accelerate $250mn investment commitment on decarbonisation
From October 9 to 12, a delegation from Indonesia embarked on a four-day business visit to Oslo, Norway, as part of an effort to expedite the realisation of a $250mn investment commitment for the decarbonisation process in Indonesia
Indonesian government explores collaboration with banking sector to strengthen decarbonisation efforts
The Indonesian government, through the Ministry of Energy and Mineral Resources, is exploring ways to strengthen the financing sector in collaboration with banks to reinforce energy decarbonisation efforts
NVVN successfully completes 500 kW ground-mounted solar project in India
NTPC Vidyut Vyapar Nigam Limited has officially commissioned a 500 kW ground-mounted solar photovoltaic project located at the Indian Institute of Management in Udaipur, Rajasthan.
Firms pave the way for hydrogen and nuclear alternatives in the Philippines
Southern Infrastructure and Kaizen ANZ have unveiled ambitious plans to construct and operate a thorium-fueled reactor in the Philippines, positioning it as a viable substitute for hydrogen and conventional nuclear power sources.
RECPDCL establishes SPVs for transmission system in Gujarat
REC Power Distribution Company Limited has officially set up Special Purpose Vehicles (SPVs) to execute the Transmission System aimed at evacuating power from the promising renewable energy zone located in the Khavda region of Gujarat.
Bulgaria’s Kozloduy NPP files additional documents to license Westinghouse-made fuel
Bulgaria’s Kozloduy NPP has provided additional documents requested by the Nuclear Regulatory Agency (NRA) to get a licence for the use of nuclear fuel produced by US Westinghouse, NRA said in a statement.
Uganda's carbon neutrality plans hinge on sustainable development of oil and gas resources
Uganda will release plans at the UN Cop 28 climate summit in the UAE next month about how it aims to achieve carbon neutrality by 2050 that include “sustainably” developing its oil and gas resources.
EBRD helps Sparkasse Bank in Skopje to on-lend €7mn to SMEs for green energy projects
Slovenia okays 283 small-scale solar energy projects in 2021-2023
Slovenian government said on October 13 that it approved 283 small-scale solar energy projects co-financed from the European cohesion policy during the span of 2021 to 2023.
Kyrgyz president’s appeal for foreign creditors to agree “debt-for-nature” swaps gets nowhere
Sadyr Japarov lamented cold shoulder at the UN.
Power Player profile: South African billionaire entrepreneur Patrice Motsepe
South African mining billionaire businessman Patrice Motsepe is the founder and executive chairman of African Rainbow Minerals, a diversified mining and minerals company with operations in South Africa and Malaysia.
German developer ABO Wind sells 100-MW South African solar PV project
German renewable energy project developer ABO Wind has sold a 100-MW solar photovoltaic (PV) project in South Africa to an unnamed investor.
Vietnam's banking sector accelerates green financing efforts
Vietnamese banks are intensifying their focus on green financing, with significant government support, as they navigate the ever-evolving landscape of advancements and challenges in the industry.
Coro Energy and Mobile World to expand Vietnam solar portfolio
Coro Energy has taken a significant step in expanding its solar energy portfolio by signing a Memorandum of Understanding (MoU) with Mobile World Investment Corporation in Vietnam.
France agrees lithium exploration deal with Mongolia during presidential visit
Progress also made on deal for uranium cooperation.
Africa-focused investor Adenia buys majority stake in South African rooftop solar financing firm Enfin
Adenia Partners, an Africa-focused private markets investment firm has acquired a majority stake in Enfin, a provider of solar funding solutions for commercial and industrial (C&I) clients in South Africa.
Malaysian parliament passes energy efficiency law to reduce carbon emissions
The Malaysian Parliament has approved legislation mandating the country's largest energy consumers to implement electricity-saving measures as part of their efforts to reduce energy consumption and carbon emissions.
Laos drives Southeast Asia's largest wind power project
In an era of escalating energy demands and mounting environmental concerns, Southeast Asia is taking a monumental stride towards a sustainable energy future.
Fossil fuel subsidies on the rise
According to calculations by the International Monetary Fund (IMF), $7 trillion were spent on direct and indirect subsidies for fossil fuels in 2022.
IFC invests $200mn in four development projects in Morocco
Poland’s Orlen greenlights 1.2 GW offshore project
Cambodia's National Solar Park and ADB achieve record-low tariffs
Cambodia's National Solar Park, supported by the Asian Development Bank, is poised to revolutionize the country's energy landscape.
Russia and Myanmar sign MoU on nuclear energy development
Russia’s Rosatom Director General Alexei Likhachev and Myanmar's Science and Technology Minister Myo Thein Kyaw joined forces recently to ink a Memorandum of Understanding during Russia Energy Week.
Follow us online