REM - Renewable Energy
COP28: All the climate crisis warning lights flashing red – in charts and maps
The great and good have assembled in UAE’s capital of Dubai for the COP28 conference to hash out a plan to avert the looming environmental disaster, but its probably too late.
REM: COP28 – what will be the main battles?
COP28 – what will be the main battles?
As around 70,000 people descend on Dubai for COP 28, the warnings signs of the climate crisis are clear. So far this year has been the hottest ever, and the future looks bleak.
Battery prices fall again as energy transition continues, says BNEF
Battery prices are falling again after an unprecedented increase in 2022, according to BloombergNEF.
BlackRock: reforms could release $4 trillion in low-carbon investment in emerging markets
According to US investment giant BlackRock, the right public sector reforms and private sector innovation could release as much as $4 trillion in green investment in emerging markets by mid-century.
Germany’s RWE to commit €55bn to energy transition technologies
Germany’s RWE is to pledge €55bn ($60.5bn) worldwide in wind, solar, batteries and hydrogen from 2024 to 2030.
IAEA says 12 new nations to produce nuclear power
A dozen or so nations are expected to start generating electricity from nuclear power sources within a few years, said the director-general of the International Atomic Energy Association (IAEA), Rafael Mariano Grossi.
EDF offering Europe’s first nuclear green bond
Electricite de France SA is offering the first green bond in Europe for financing nuclear projects.
COP28: The EU's climate goals and the Western Balkans challenge
Where does the EU’s hopes for a deal to phase out fossil fuels leave coal-dependent aspiring members from the Western Balkans?
Orlen’s shares fall nearly 8% in wake of incoming government plan to make it pay for energy price freeze in 2024
China leads global renewables with record installations, says Woodmac
China leads the global renewables race with a record-breaking 230 GW of installations in 2023, says UK consultancy Wood Mackenzie. A $140bn investment in 2023 and mass scale in its domestic market drives China’s advantage, said Woodmac.
Brazil’s RDP Energia to invest $10mn in Toledo biomethane plant
Brazil’s Vale and Petrobras aim to drive demand for green hydrogen
Brazil’s state-owned energy major, Petrobras, and mining major Vale have said the two firms have the potential to underpin Brazilian demand for green hydrogen.
Donald Trump would eviscerate Joe Biden’s climate law if elected again
If Donald Trump is again elected to the White House next November, he would eviscerate President Joe Biden’s landmark climate law, the Inflation Reduction Act and increase investment in oil and gas.
GreenGo Energy says it will develop 60GW renewables project in Mauritania
GreenGo Energy says it will develop Megaton Moon, a 190 TWh green-energy park in Mauritania set to transform the African country and provide net-zero action at scale.
IEA offers five pillars for action at the COP28 climate summit
Renewable energy should be tripled globally by 2030. That is the first of five pillars of action from the International Energy Agency for the COP28 climate summit starting on November 30 in Dubai.
Host UAE planned to use COP28 for oil deals
COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.
Bulgaria's ESO to invest €500mn in power grid upgrades in joint project with Romania
EEC extends duty-free EV imports measure for Kazakhstan, Kyrgyzstan, Belarus and Armenia
ING: What companies and investors should know about COP28
COP28 will focus on ramping up efforts and investment in climate mitigation, adaptation and loss and damage control. It's now crucial that companies invest in clean technologies, harness climate finance opportunities and contribute to systems change.
Chile to invest $7mn in lithium research projects
Mercedes Benz South Africa to build 13-MW solar project, establish 120 electric vehicle charging stations
Georgia's $1bn HPP reports $150mn loss
CENTRAL ASIA BLOG: Success in delivering Turkmenistan methane crackdown would be big moment for COP28
US and global institutions have been lobbying the “super-emitter” all year long. The moment of truth will arrive at the summit.
Serbian ministry presents spatial plan for construction of 10 HPPs on Ibar River
Serbia’s Ministry of Construction, Transport and Infrastructure has unveiled a draft proposing amendments and additions to the spatial plan of the special-purpose area for the construction of a hydropower plant system on the Ibar river.
India to blend biogas into natural gas for domestic use
India's government has decided to blend compressed biogas into natural gas for use throughout the country under a compulsory mandate. It expects the move to reduce national dependence on foreign gas imports and boost domestic demand.
Scandlines launches new zero direct emissions freight ferry from Turkey’s Cemre Shipyard
Kenya seeks consultants for 40-MW floating solar project tender
Kenyan Electricity Generating Company PLC (KenGen) is accepting feasibility study applications for the development of a 40-MW floating PV array, backed by German funding.
Indonesia's renewable energy investment challenges in viable projects and policy barriers
Ernst & Young, a global auditing institution, has conducted an assessment of the challenges hindering investments in new renewable energy projects in Indonesia
Indonesia establishes Comprehensive Investment and Policy Plan (CIPP) launched by Just Energy Transition Partnership (JETP)
Indonesia has marked the official establishment of the Comprehensive Investment and Policy Plan within the framework of the Just Energy Transition Partnership
PLN's solar power plant in Indonesia's new capital gears up for operation in February 2024
State-run electricity company PT PLN has announced that the solar power plant under construction in Indonesia's new capital city Nusantara, East Kalimantan, is set to commence operations in February 2024.
COP28: Western Balkan countries need better strategies to phase out coal, says CAN Europe
Reliance on outdated and inefficient coal-fired power plants in Bosnia, Kosovo and Serbia complicates the transition to renewable energy.
Ghana, Germany agree on €145.9mn climate, energy-related aid package
Uzbekistan’s president launches two energy projects with participation of ACWA Power
Iran offers $600mn in loans for small green projects
Iran now requires industries that use more than one megawatt of power to generate 1% of their own annual electricity needs via renewables. A host of loans and incentive packages will help small industrial plants meet that target.
Thailand’s 2024 expansion of solar and wind driven by green power demand
As the global demand for green energy continues to surge, solar and wind power plants in 2024, exhibit significant growth, particularly in the Southeast Asian sphere
Mozambique approves $80bn plan to cut dependence on fossil fuels, promote renewable energies
Indonesian President Joko Widodo launches carbon capture, utilisation and storage project in West Papua
Indonesian President Joko Widodo inaugurated the development of the carbon capture, utilisation and storage project in West Papua on November 24
Malaysia's biojet fuels from palm oil byproducts offers biomass potential
The production of biojet fuels from empty fruit bunches biomass is emerging as a pivotal solution for palm oil-producing nations, particularly Malaysia
Mexico’s climate goals unclear ahead of COP28
Power cut for half a million people and four die as worst storm in 100 years hits Crimea
Oleg Kryuchkov, an adviser to the peninsula's Russian governor, said 498,000 people in Crimea have been left without electricity due to the extreme weather.
CAR’s second photovoltaic solar power plant inaugurated
Mexico City leads in global climate action, says report
North Macedonia invites investments in PV plants to transform free industrial zones
Poland’s renewable energy company Polenergia reports net profit in Q3
Warsaw-listed Polish renewable energy company Polenergia posted an adjusted net profit of PLN43.9mn (€10mn) in the third quarter, a changeover from a net loss of PLN11.3mn in Q3 2022, the company said in a market filing.
COP28: UAE’s renewables champion Masdar is more bark than bite
As world leaders gather in the the United Arab Emirates (UAE) capital of Dubai for the COP28 energy summit, its national renewables champion Masdar is showcasing its achievements. The only trouble is that the company is not as big as it claims to be.
Guyana EPA confirms no impact study needed for solar farms
Guyana’s Environmental Protection Agency confirmed that no impact study will be required for the construction of eight solar farms as part of the government’s Guyana Utility-Scale Solar Photovoltaic Programme (GUYSOL).
Mexico's climate commitments criticised, urgent shift to renewables needed
Climate Action Tracker has issued a cautionary note at PreCOP28, stating that Mexico's endeavours in clean energy are falling short of global climate commitments. Experts stress the need for transparency and a swift transition to renewable energies.
EBRD to extend €100mn loan to ING Turkey
Malawi launches project to construct 10-MW solar farm
Nairobi-based M-KOPA rolls out pilot operations with PAYG solar panels in Soweto, South Africa
ASEAN electric vehicle market set for exponential growth, Malaysia eyes leadership
Malaysian Minister of Investment, Trade, and Industry, Tengku Zafrul Abdul Aziz, projects that the ASEAN electric vehicle market will surge to $2.7bn by 2027
Montenegro’s EPCG, Polish Respect Energy sign agreement on joint renewables projects
Gotion InoBat Batteries JV to build gigafactory in Slovakia
Chinese-Slovak joint venture to build 20 GWh battery plant that will employ 1,500.
Saudi Arabia's ACWA wins another wind power plant construction tender in Uzbekistan
Africa’s massive opportunity in critical minerals for the clean energy transition
Africa is home to one-third of global mineral reserves. An enormous opportunity exists to transform many African economies rich in the critical minerals needed for the clean energy transition.
South Africa secures $1.85bn in funding for just energy transition from World Bank, KfW, AfDB
South Africa has signed bilateral loan agreements with the World Bank, German state-owned development and investment bank KfW and the African Development Bank to support the country’s just energy transition.
Scania partners to launch biodiesel project in Côte d’Ivoire
Scania West Africa, TotalEnergies Marketing Côte d’Ivoire, LA SIR and Agence Nationale d’Appui au Développement Rural (ANADER) have launched a new biodiesel project in the capital of Côte d’Ivoire, Abidjan.
Hungary bows to pressure from EU to relax tight rules on wind farms
Previous rules made it virtually impossible for developers to set up wind turbines anywhere in the country.
Nordex Group secured 56-MW wind farm order in Croatia
Azerbaijan plans to increase the share of renewable energy sources in the power system capacity to 33% by 2028
Azerbaijan plans to commission 1,870 MW of green energy capacity by 2028, which will result in the share of renewable energy sources in the energy sector reaching 33%, Deputy Energy Minister Samir Valiyev said on 22 November.
Solar pioneer envisions Cambodia's sustainable future with the advent of solar cars
Kong Pharith, the founder and CEO of IMB Cambodia Group, has transitioned from academia to pioneering Cambodia's first solar car
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