REM - Renewable Energy
Almost no large companies meet UN’s target climate guidelines, says study
As many as 50% of the world’s largest companies have a net-zero target by 2050, but only 4% of major companies meet the UN’s target climate guidelines.
Iranian giant refinery setting up 1,000-MW solar park in Isfahan
The Esfahan Oil Refining Co. (EORC) is constructing a mega solar farm, boasting an annual output of 1,000 MW, which will become Iran’s largest renewable energy power station.
Zimbabwe to mothball its small, inefficient coal power plants, focus on greener generation instead
Zimbabwe’s government has announced a plan to decommission and repurpose its three small underperforming coal-fired facilities so as to contain technical and non-technical energy losses.
Havfram closes down offshore development unit Kontiki Winds
Norway-based Havfram has decided to close its Kontiki Winds business unit, which focuses on early-phase development of offshore wind farms.
WWW and AF Gruppen to test innovative rotating floating offshore wind turbine
Oslo-based startup World Wide Wind (WWW) and Norwegian engineering and construction company AF Gruppen are to test WWW’s innovative wind turbine design at a site in Vats, south-west Norway.
China to be home to more than 80% of global solar manufacturing capacity out to 2026
China will be home to more than 80% of the world’s polysilicon, wafer, cell and module manufacturing capacity from 2023 to 2026, having invested more than $130bn into the solar industry in 2023.
Record third quarter for US clean energy installations
The clean-power industry brought online 5.5 GW of utility-scale clean power capacity in the third quarter of 2023, enough to power 813,000 American homes, according to ACP.
Naturgy Energy Group to participate in research on storage using recycled EV batteries
Spain-based utility Naturgy Energy Group is to fund and participate in a two-year research project in Spain intended to assess the feasibility of building stationary energy-storage systems from used electric vehicle batteries.
TKF to supply offshore wind cables to Vattenfall
Dutch cable manufacturer Twentsche Kabelfabriek is to supply inter-array cables for offshore wind projects in Europe developed by Swedish state-owned utility Vattenfall as part of a multi-year partnership.
H2B2 unveils largest US operational green hydrogen plant
H2B2 Electrolysis Technologies – a provider of green hydrogen energy solutions based in Spain – has unveiled SoHyCal in California, the largest operational green-hydrogen production plant powered entirely by renewable energy in North America.
Iberdrola and Masdar finalise €1.6bn deal to develop Baltic Eagle offshore wind farm
Iberdrola has signed a strategic agreement with Abu Dhabi-based renewable energy group Masdar to co-invest in the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea.
Shanghai Electric completes floating offshore renewables project
China’s Longyuan Power Group and Shanghai Electric Power Group have completed their deep-sea floating wind project which also makes use of solar photovoltaic and aquaculture energy.
Danish-Bangladeshi offshore wind project approved
Bangladesh has approved a $1.3bn investment proposal by a Denmark-Bangladesh consortium to build a 500 MW offshore wind farm, the first of its kind in Bangladesh.
Private equity firm C5 Capital to build South Africa’s first mini nuclear reactor within next three years
Private equity firm C5 Capital plans to build South Africa’s first mini nuclear reactor within next three years
Germany invests $27mn in Mozambique renewable energy initiative
The funding, Water Power Magazine reported on November 7, is made available under the Global Energy Transition Feed-in-Tariff (GET FiT), a European Union initiative to advance private investment in renewable energy projects.
Regional development bank DBSA seeks alternative auction model for South Africa’s REIPPPP
The Development Bank of Southern Africa has extended its tender for advice on an alternative auction model for South Africa’s renewable energy independent power producer procurement programme.
AIIB signs $36mn loan agreement to finance construction of 100MW wind power plant in Kazakhstan
Croatia's HEP and Koncar KET sign €11mn solar plant deal
Cleaner air is accelerating global warming
The reduction in atmospheric pollution, often associated with burning coal, oil, and fossil fuels, has led to clearer skies and that means more sunshine, which paradoxically is actually exacerbating global warming, not preventing it.
Peter Szijjarto gives update on Paks project in parliamentary commission
Companies from the United States, France, Germany, Sweden and Austria, in addition to 94 Hungarian companies, have signed contracts so far as subcontractors for the expansion of the Paks nuclear power plant.
Iraq proposes biggest afforestation project in country’s history
Growth forecast in Thailand's electricity sector for 2024 amid renewable energy transition
The SCB Economic Intelligence Centre has revealed that Thailand's power production sector is poised to expand in 2024 due to the escalating electricity demand
Qualitas Energy closes €2.4bn private equity renewables fund
Qualitas Energy has closed its flagship Q-Energy Fund V renewables fund at almost €2.4bn. It's now one of the largest renewable-energy funds in Europe, and the biggest private-markets fund in Spain.
US’s largest offshore wind project ‘on time and on budget’
Dominion Energy is in the advanced stages of a process to identify a non-controlling equity financing partner in the 2.6 GW Coastal Virginia Offshore Wind project, which will be the US’s largest offshore wind farm.
Altea Green Power starts work on 1 GW battery-storage project in Italy
Altea Green Power has initiated work in Italy for a 1 GW battery-storage project known as Black Bess. The company aims to achieve a total battery energy storage system (BESS) capacity of 5.5 GW across Italy by 2026.
UK’s National Grid to speed up 20 GW of clean energy connections
National Grid is accelerating the connection of up to 20 GW of clean-energy projects to its electricity transmission and distribution networks in England and Wales.
India’s Vibrant Energy agrees third PPA with Amazon
In a significant development for the firm, India’s Vibrant Energy has signed its third power purchase agreement with global e-commerce giant Amazon
KPI Green Energy and Advait Infratech forge partnership with Uttarakhand Government for 500-MW solar park project
KPI Green Energy Limited and Advait Infratech Limited, two prominent players in the renewable energy sector, have officially signed an MoU with the Uttarakhand government to collaborate on a ground-breaking project.
Iran offers incentives to industries for renewables investment
Iran is pulling out all the stops to get its industrial giants on board with green energy, offering generous incentives to encourage more engagement in renewables projects.
Geothermal projects in Africa to attract $35bn worth of investments by 2050, Rystad Energy predicts
Africa’s geothermal sector will attract at least $35bn in investments by 2050, according to Rystad Energy’s latest projections. This investment will see Africa’s installed geothermal capacity surpass that of Europe by the end of the decade.
Sarytogan Graphite says Kazakhstan well-positioned to provide Europe with graphite amid China export ban
IAEA completes safety review of Kazakhstan’s process for nuclear power plant site selection
Vietnam aims to boost green hydrogen economy with Korean investment
Vietnam is exploring the potential for a green hydrogen ecosystem, with the prospect of an annual GDP contribution exceeding $40bn and the creation of over 40,000 jobs in the Vietnamese economy
Western nations in an uphill battle in the clean energy race with China
In the race to secure a dominant position in the global clean energy landscape, the West finds itself struggling to catch up to China's formidable lead
Taiwan’s main utility launches net-zero green ops centre
Taiwan’s leading utility Taipower recently inaugurated its revolutionary "Sun Rock" green energy operation and maintenance centre
Turkey’s Ford Otosan raises EV plant’s capacity fourfold to 245,000 units on $1.1bn investment
Indonesia's palm oil waste stores potential for global renewable energy
Indonesia stands at the forefront of an opportunity to harness palm oil waste and transform it into a novel renewable energy source, particularly in the form of biomass pellets
Indonesia's Southwest Papua province embarks on carbon trading to boost regional economy
The Ministry of Environment and Forestry has launched an initiative to harness carbon trading in the forestry sector, aiming to drive economic growth in Southwest Papua Province
OMV to install 400 ultra-fast charging stations in CEE
Atlantic Lithium targets 900 workforce in Ghana
Estonian businesses have little interest in hydrogen technology government support
The Estonian Environmental Investment Centre (EIC) announced a €49mn support measure for the deployment of green water in January, but not enough applications were submitted to cover the full amount, and future support terms will be changed by EIC.
Colombia’s EPM Tepuy solar park construction 62% complete
The project, which is to have a production capacity of 83 MW, is on track to be gradually integrated into the National Interconnected System (SIN) from December 30.
Serbia’s EPS to buy electricity from Vetrozelena wind park
ENERGO: Uranium, solar and hydro business announcements feature during Macron’s Uzbekistan visit
Uranium, solar and hydro business announcements feature during Macron’s Uzbekistan visit
Iran to build 3,000 MW wind farms by tender
The winds of change are blowing through Iran's energy sector with renewable sources taking centre stage. The country's energy ministry recently announced plans to build wind parks with a combined output capacity of 3,000 MW.
Ethiopia preparing for fifth GERD filling, Egyptian scientist claims
Ethiopia has commenced the release of water from the middle corridor of the Grand Ethiopian Renaissance Dam (GERD) – the $5bn hydroelectric dam being built near the source of the Blue Nile river – as part of preparations for its fifth filling.
Globeleq's 19-MW / 7-MWh solar-plus-storage Mozambique project starts commercial operations
Globeleq, a British independent power producer focused on Africa, has said its $36mn combined solar and battery storage plant in Mozambique has started commercial operations.
Malaysia, Singapore to invest in Indian green ammonia project
Malaysia’s Petronas and Singapore’s sovereign wealth fund GIC are planning to invest millions of dollars in a green ammonia project being put together by Greenko, a major renewable energy group in India.
Tanzania set to ban raw lithium exports as of May 2024
Trina Solar secures 700-MW solar contract for Philippines projects
China-based Trina Solar Company Limited has inked a substantial contract with Citicore Construction Incorporated to provide 700 MW of solar modules for multiple forthcoming solar installations in the Philippines
Indonesia explores hydropower development with China Three Gorges
State-owned PT PLN is exploring potential collaborations with China Three Gorges and Sarawak Energy Berhad for the development of hydropower
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