REM - Renewable Energy
NextSource Materials commissions 2.69-MW solar power plant at Molo graphite mine in Madagascar
EBRD organised a loan of $197mn for a wind farm in Azerbaijan with a capacity of 240 MW
India’s IREDA posts solid Q3 2023 profits, up 54.89%
The Indian Renewable Energy Department Agency Limited has reported a remarkable financial performance for the quarter ending in September 2023, boasting a net profit of $34.2mn.
4.20-MW hybrid wind-solar project for KPI Green Energy
In India, KPI Green Energy Limited has clinched a substantial contract for the implementation of a 4.20-MW wind-solar hybrid power project.
Singapore EMA and Seatrium collaborate on Southeast Asia's first floating energy storage system
Singapore-based Seatrium Limited has successfully completed the installation of a groundbreaking floating energy storage system within the country, with plans for operational launch by the first quarter of 2024.
Solar manufacturing tie-up to benefit Indian renewables sector
In a major development in India’s renewable energy sector, AmpIn Energy Transition Limited has forged a partnership with Jupiter International Limited to create a joint venture with a primary focus on solar manufacturing.
Indian government initiates star label programme for solar panels
The central government has unveiled a standards and labeling initiative for solar panels, marking a significant step in promoting renewable energy adoption.
Minebea (Cambodia) discloses expansion into renewable energy investment
Minebea Cambodia, a subsidiary of the MinebeaMitsumi Group, recently announced an plan to bolster its investments in renewable energy.
South Star aims to bring forward Brazil’s graphite mine ramp-up
South Star Battery Metals CEO Richard Pierce said the company is considering an accelerated expansion of its graphite mine in Brazil. Graphite is a critical component in electric vehicle batteries.
World Bank approves $1bn loan to advance energy sector reforms in South Africa
The World Bank’s board has approved a $1bn development policy loan (DPL) to help South Africa reform its energy sector.
EU unveils action plan to support wind industry
The European Commission has announced an action plan to support the EU’s wind industry, which has been struggling with inflation, supply bottlenecks and the prospect of competition from China.
New York announces US’s largest ever investment in renewables
New York State has unveiled the US’s largest ever investment ever in renewables.
‘Catastrophic damage’ likely as Hurricane Otis thrashes Mexico
Hurricane Otis rapidly intensified from a tropical storm to a Category 5 hurricane as it made landfall in southern Mexico.
Climate change made recent heat in South America at least 100 times more likely – study
Human-cause climate change was behind the recent record heat in South America, a study says.
Major companies seek COP28 deal on quitting fossil fuels
More than 130 companies – including Bayer, eBay, Heineken, IKEA, Nestle, Mahindra Group and Volvo – are calling for a timeline for the phase-out of unabated fossil fuels.
REM: Major companies seek COP28 deal on quitting fossil fuels
Japan, Denmark to partner on floating offshore wind
Japan and Denmark are to agree to jointly research and develop floating offshore wind power technologiies.
Morocco’s state fertiliser group OCP invests $4.3bn in development programmes in 2023
IEA predicts fossil fuel will peak globally by 2030
Major shifts underway will result in a considerably different global energy system by the end of this decade, according to the International Energy Agency’s new World Energy Outlook 2023.
Online retailer Amazon adds 39 renewable energy projects in Europe
Amazon’s European renewable energy projects created €2.4bn in economic investment, and more than 3,900 jobs in 2022 alone.
Greek PPC completes takeover of Enel’s Romanian assets
Malaysia installs first battery energy storage system for EV charging stations
Malaysia's Minister of Works, Alexander Nanta Linggi, recently celebrated the inauguration of the country's inaugural battery energy storage system installed at an electric vehicle charging station
Russia suggests building small nuclear power plant in Mongolia
Study shows increased West Antarctic Ice Sheet melting is 'unavoidable'
Increased West Antarctic Ice Sheet melting is unavoidable, according to a study by the British Antarctic Survey. The resulting rise in global mean sea level will be enough to submerge major cities from New York to Mumbai and Shanghai.
TotalEnergies partners with Corio and Rise on 3+ GW wind project in US
TotalEnergies has partnered with Corio Generation, an offshore wind developer, and New York-based Rise Light & Power for the joint development of an offshore wind project off New York and New Jersey.
Clean hydrogen projects to double globally by 2028: report
The number of clean hydrogen production projects operating globally will at least double in the next five years, says international law firm Pillsbury.
Biden’s offshore wind hopes are sinking: BNEF
The Biden administration’s goal of adding 30 GW of offshore wind capacity by 2030 is “drifting further from reality”
India will see largest energy demand growth: International Energy Agency
The International Energy Agency (IEA) has projected that India's demand for electricity, primarily driven by household air conditioning, is anticipated to experience a nine-fold increase by the year 2050.
Iran’s NW region looks to Chinese expertise in renewables
Iran is seeking to close a deal with China's Qinghai province, a solar powerhouse, to use its expertise for the implementation of renewable electricity generation projects in the north-western Ardabil province.
Plus Power raises $1.8bn for standalone battery storage
Plus Power has completed $1.8bn in new financing for standalone battery storage to help stabilise the US grid while incorporating more solar and wind energy.
Banks make more money from green projects than fossil fuels
For the second year running, banks are making more money from fees for loans and from underwriting bond sales for green projects than from fossil fuel projects
Envusa Energy applies for 520-MW trading licence in four South African provinces
Southern Africa-focused renewables company Envusa Energy jointly owned by Anglo American and EDF Renewables, has lodged an application for an electricity trading licence in four provinces of South Africa.
Ghana agrees 13% carried interest with Atlantic Lithium
Aterian, Rio Tinto lithium joint-venture in Rwanda set to launch
Singapore approves import of 1.2GW of low-carbon electricity from Vietnam
Singapore's Energy Market Authority has conditionally approved Sembcorp Utilities Pte Ltd, a subsidiary of Sembcorp Industries Ltd., to import 1.2GW of low-carbon electricity from Vietnam to Singapore
Saudi energy firm ACWA Power eyes Indonesian renewables investment
ACWA Power, an energy company from Saudi Arabia, has expressed its interest in investing in Indonesia's renewable energy sector
B.Grimm Power expands renewable energy business with acquisition of LT06 S.r.l. in Italy
B.Grimm Power, a leading energy company based in Thailand, has announced its expansion into the renewable energy sector with the acquisition of LT06 S.r.l., an Italian company
Iceland expresses interest in geothermal cooperation with Indonesia to harness untapped energy potential
Iceland has expressed its keenness to collaborate with Indonesia in the field of geothermal energy.
Chinese firm Mingyang unveils plans for giant 22-MW offshore wind turbines
Chinese firm Mingyang Smart Energy is developing a 22-MW wind turbine to be completed in 2024 or 2025. The rotor is the most powerful yet announced, and would be taller than the Eiffel Tower.
Kazakhstan: Government does hard sell on nuclear, but public remains wary
It also remains to be worked out how the authorities intend to fund a project that could end up costing $12bn.
Powerelec Kenya, REFA focus on Africa's solar energy potential
Participants at the recent Renewable Energy Forum Africa, which took place alongside the solar-focused Powerelec Kenya exhibition in Nairobi on October 4 -6, discussed Africa's renewable energy potential.
Asian investments in renewables key to wider global goals
Global investment in low-carbon initiatives across Asia and the world has reached staggering levels, with nearly half of the world's total spending in 2022, pouring into this sector.
Critics caution lack of local consultation could disrupt development of Mongolia’s “green energy” critical minerals and metals
Indonesia looks to China for help in going green
In a recent bilateral meeting between President Joko Widodo and his Chinese counterpart, Xi Jinping, held in Beijing, the Indonesian leader sought Chinese support for the development of renewable energy in Indonesia.
Iran’s renewable power output grows just 5.5% in H1
Iran begins developing largest-ever 400MW solar farm in Lut Desert
Iran has begun the construction of what is to be its largest solar power plant in the south-eastern Kerman province, as part of a major drive to expand renewable energy infrastructure.
Australia’s CleanCo looks to add to renewables portfolio
CleanCo Queensland, the state-owned Australian electricity generation company, is actively soliciting proposals to augment its renewable energy portfolio with an additional 3GW of solar and wind capacity.
Taiwan ramps up battery production amid demand for storage and EVs
Taiwan, in line with a global surge in demand for energy storage systems and electric vehicles, is witnessing a rapid expansion of its battery industry.
Solar energy thrives in Thailand: expected 10-15% growth in installations
Nivej Boonwichai, the Deputy Secretary-General of the Federation of Thai Industries and a solar entrepreneur, has revealed that the trend of solar panel installations, both on rooftops and ground-based solar farms, continues to grow in Thailand
Energy scandals lead to dismal solar outlook in Taiwan
In the aftermath of several energy-related political scandals, solar cell and module manufacturers in Taiwan are grappling with low factory utilization, a pressing issue that has cast a shadow over the government's solar power installation targets.
South Africa’s Cabinet approves green hydrogen commercialisation strategy
South Africa’s Cabinet has approved the green hydrogen commercialisation strategy aimed at positioning the country as a major producer and exporter of green hydrogen.
Africa’s installed wind power capacity to grow by 900%, GWEC report says
According to the Global Wind Energy Council, wind power capacity is on the rise in Africa and is set to soar by 900% over the next few years.
Indonesia's PLN inks renewable energy deals with nine Chinese firms
During the Indonesia-China Business Forum in Beijing, China, state electricity firm PT PLN entered into new and renewable energy development cooperation agreements with nine prominent Chinese companies
African leaders agree on importance of attracting investment in local processing of minerals
Zimbabwe, Zambia get UN agency approval to build $5bn hydropower project near World Heritage Site
Westinghouse adds five Bulgarian companies to project for new nuclear unit at Kozloduy NPP
US Westinghouse Electric said on October 19 it has signed agreements with five Bulgarian companies for future cooperation on the construction of new units at the country's Kozloduy nuclear power plant and other nuclear facilities in the region.
Netherlands, Denmark join JETP to help South Africa’s Energy Transition
The Netherlands and Denmark have joined the Just Energy Transition Partnership (JETP), Minister in the Presidency Khumbudzo Ntshavheni said at a media briefing on October 19.
Indonesia's PLN signs MoU with China Development Bank for energy transition acceleration
Indonesia's PT PLN has signed a Memorandum of Understanding with the China Development Bank in an effort to accelerate the energy transition
Indonesia secures $2bn renewable energy investment amid secrecy
Indonesia obtained a $2bn investment commitment in the renewable energy sector during a business gathering with European companies, according to the Foreign Affairs Ministry, which did not reveal the identity of the investor
Indonesia launches its first green hydrogen plant
PLN Nusantara Power has announced the launch of Indonesia's inaugural green hydrogen plant - effective October 17, 2023.
Investment boost for Odisha: REC commits INR403bn ($4.8bn) to transform energy landscape
In a development poised to reshape Odisha's energy landscape, REC Limited has inked three groundbreaking Memorandums of Understanding amounting to INR403.58bn.
Suez Canal Economic Zone signs green project agreements worth $14.75bn
Egypt’s Suez Canal Economic Zone (SCZone) signed multiple energy agreements worth $14.75bn according to a statement released by the Egyptian cabinet on Tuesday, opening new possibilities for sustainable energy in the region.
Third block at Slovak Mochovce NPP is fully operational
The block was first connected to the grid on January 31, and the final 144-hour trial run at full reactor power marks the end of the 13-month-long commissioning period.
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