REM - Renewable Energy
NuScale terminates novel advanced SMR nuclear project
NuScale has terminated the US’s first small modular reactor (SMR) in Idaho in the US because of rising costs and a lack of backers. NuScale had worked on the project for a decade.
Damage to offshore wind cables is top cause of sector’s insurance claims
The offshore wind industry may be poised for growth, but economic pressures and tech innovation need to be managed. This is according to Allianz Commercial, the insurer, in a new report.
US in dire climate straits, government report says
The US is experiencing accelerated warming and “far-reaching and worsening” conditions of climate change compared with the rest of the world, according the recently released Fifth National Climate Assessment.
China emissions to fall in 2024 because of surge in clean energy
Because of a clean-energy boom, climate emissions in China will fall in 2024 and the country could even soon be on a path to sustained declines, according to a new report.
Climate crisis to boost inflation, Bank of England economist says
The climate crisis is to boost inflation and make it more volatile, according to Catherine Mann, the Bank of England’s economist and member of its monetary policy committee. Central banks will have to respond to this, she said.
Leading wind player Orsted replaces two top executives, exits Norway consortium
Danish offshore wind developer Orsted, which has faced severe financial losses, has ousted CFO Daniel Lerup and COO Richard Hunter. The company also said it has pulled out of a Norwegian offshore consortium due to bid in an auction.
Provisional EU agreement on curbing methane leaks could hinder Azerbaijan, Turkmenistan supply plans
South Africa’s power utility Eskom opens Africa’s largest battery storage site in Western Cape
World’s first commercial CO2 sensor satellite in orbit
The first orbital sensor able to pinpoint CO2 emissions from individual industrial facilities, such as cement or power plants, has successfully launched from Vandenberg Space Force Base in California.
Uzbekistan, Kazakhstan and Azerbaijan discuss green energy exports
PLN - Powerchina agree on wind energy development in Indonesia
State-owned electricity company PT PLN, through its subholding PLN Nusantara Power, has entered into a collaboration with Powerchina International Group Limited to advance wind energy development in Indonesia
Pertamina and ExxonMobil sign landmark agreement for carbon capture storage hub in Java Sea
PT Pertamina has once again demonstrated its commitment to lead the decarbonisation program in Indonesia through a collaboration with ExxonMobil
Serbia urged to align renewable energy and just transition efforts with Energy Community targets
India lays ground rules for its upcoming compliance carbon market
India has established foundational guidelines for the operationalisation of its carbon market compliance, outlining the issuance and trading of emission allowances
Indonesia's challenges in transitioning from fossil fuel power plants to renewable energy in Indonesia
Indonesia has revealed that the efforts to transition from fossil fuel power plants to renewable energy still face complex issues
New Green Alliance: offshore wind cheaper than natural gas in UK
Think-tank New Green Alliance has found even if the British government establishes prices for offshore wind power at double the level paid in the last successful auction, offshore wind will still be cheaper than gas natural power.
Graphyte claims first permanent, affordable and scalable carbon-removal solution
Graphyte, a US-based startup backed by Bill Gates’ Breakthrough Energy Ventures, has announced a new carbon dioxide removal approach that it says is permanent, affordable and immediately scalable.
Octopus Energy enters Germany’s offshore wind market
Octopus Energy’s generation arm has made its first investment in Germany’s offshore wind sector as it rapidly scales up its renewables activity in the country.
October 2023 capped the hottest 12 months in recorded history
A new analysis of international data, released by Climate Central, reveals that global temperatures have broken records over the past 12 months.
Exxon aims to become a leading lithium producer for EVs
ExxonMobil's goal is to become a major lithium producer for electric vehicle batteries.
Vietnam may not attain 2030 offshore wind goal
Vietnam faces significant challenges in achieving its offshore wind power target for 2030, according to a senior official from a state-owned energy company.
Kenya bets on geothermal as power generation from hydro declines
R Power purchases PV projects in Poland
R Power has bought PV projects in Poland that total 91 MWp from the joint venture EOS, controlled by Cero Generation. Most of the projects are shovel-ready, with R Power intending to start their expansion in 2024.
Inauguration of first wind turbine marks milestone for Monsoon Wind Power Project in Laos
In a significant step towards harnessing renewable energy, Lao Prime Minister Sonexay Siphandone officially inaugurated the first wind turbine of the Monsoon Wind Power Project in Sekong Province
Trina Solar expands footprint in Vietnam with a $420mn boost for Thai Nguyen Projects
Chinese photovoltaic module and smart energy solutions enterprise, Trina Solar, has announced an additional investment of $420mn in its ongoing projects in the northern province of Thai Nguyen in Vietnam
TNB initiates tender for 30-MW floating solar project in Malaysia
Malaysia's state-owned utility, TNB, has commenced a tender process for the development of a 30-MW floating solar project located at Chenderoh Reservoir in the eastern part of the country
Ethiopia exceeds 400-MW wind power production milestone
Sarytogan Graphite reports results progress at Kazakhstan deposit
Renewable resources key to Guyana's economic transformation, Prime Minister declares
Prime Minister of Guyana Brigadier Mark Phillips declared at the 53rd Meeting of Ministers of the Latin American Energy Organization (OLADE) that advancing renewable energy development is a national priority.
Africa-focused miner AngloGold advances decarbonisation in Tanzania, mulls Ghana solar project
Aliyev announces green energy goals and regional cooperation initiatives at 16th ECO summit
Denmark, Vietnam green partnership, focus on renewable energy, green investments
In a recent press conference, Danish Ambassador to Vietnam, Nicolai Prytz, highlighted the deepening cooperation between Denmark and Vietnam through the establishment of a Green Strategic Partnership
Voltalia to build two power plants in Uzbekistan
Serbia in talks with Shanghai Fengling Renewable on adding 1.5 GW of renewables capacity
The Serbian government has announced its collaboration with Chinese companies Shanghai Fengling Renewable and Zidjin Mining Group to establish a renewable hybrid solar and wind power plant with a minimum capacity of 1.5 GW.
World Bank extends $155mn loan to Turkey Green Fund
North Macedonia reports 140% increase in solar capacity in 2023
DP World and Enel Peru join forces towards carbon neutrality
DP World, a US-based end-to-end supply chain solutions company, has advanced its commitment to achieving 100% carbon neutrality by 2030 through a strategic collaboration with Enel Peru, a subsidiary of the Italian state-owned utility provider Enel.
Latin America could play ‘outsize role’ in green energy transition
Eni, Saipem team up on biofuels production
Eni last week forged a strategic partnership with fellow Italian company Saipem to develop its biofuels business.
Atlantic Lithium expands Ghana’s Ewoyaa project by 8,000 metres
Stellantis invests $90mn in Argentina Lithium and Energy
Dutch automaker Stellantis has invested the equivalent of $90mn in Argentine pesos in the Argentinian subsidiary of the Canada-based Argentina Lithium and Energy.
Brazil heads to COP28 with ambitious climate agenda
Brazil aims to showcase at the UN's COP28 climate summit in Dubai recent achievements in combating deforestation and shed its previous image as a pariah in global environmental discussions
Brazil's lithium valley experiences boom to tap into growing demand
The south-eastern state of Minas Gerais in Brazil has become a focal point for lithium mining companies, driven by the surging demand for the mineral amid the rise of renewable energy technologies, Argus reported.
As Tajikistan-Iran rapprochement gathers pace, Saudi Arabia pops up with $100mn Rogun dam loan
US envoy visits Chile, Paraguay and Uruguay in green energy push
US Undersecretary of State for Economic Growth, Energy and Environment José W. Fernández is touring to Chile, Paraguay and Uruguay to boost green energy developments and agriculture in the region.
Investment of $140bn required to materialise Turkey’s wind energy potential says minister
President Joko Widodo to inaugurate Southeast Asia's largest floating solar power plant
The Floating Solar Photovoltaic project in Cirata, a renewable energy initiative, was officially inaugurated by President Joko Widodo on November 9
Indonesia's strategy for achieving net-zero emissions by 2060 unveiled
The Ministry of Energy and Mineral Resources has disclosed its comprehensive plan to expedite the energy transition and meet the net zero emissions target by 2060
Vietnam inaugurates its first waste-to-energy plant
Vietnam’s Green Star Environmental Company Limited, in collaboration with Chosun Refractories ENG and the Republic of Korea's SK Ecoplant, has unveiled the country's inaugural waste-to-energy plant
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