REM - Renewable Energy
Estonia’s Enefit Green to invest €150mn in 90 MW wind farm in western Lithuania
Enefit Green, the renewable energy arm of Estonia's state-owned energy group Eesti Energia, is set to build a 90-megawatt (MW) wind farm in the western Lithuanian district of Kelme for €150mn, regional newswire BNS reported on December 7.
Uzbekistan gives green light to two solar plants proposed by UAE and French companies
Chile's energy storage sector expands, advancing renewable goals
Chile’s energy storage sector is experiencing rapid growth, with BloombergNEF forecasting the deployment of 237MW / 1,185MWh of energy storage projects in 2023.
South Africa’s DMRE to launch three more power procurement rounds before year's end
South Africa’s Department of Mineral Resources and Energy (DMRE) is preparing to launch Bid Window 7 (BW7) of the government-backed Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) after a six-month delay.
Global renewables group Mainstream achieves financial close for 98-MW project in South Africa
Three renewables-focused entities sign power purchase deal for Zambian solar energy project Ilute
Could the DRC become the Saudi Arabia of the electric vehicle age?
Perhaps no country has more to gain from the ‘clean’ energy transition that the Democratic Republic of the Congo (DRC), which sits atop some of the world’s biggest copper, cobalt, coltan and lithium reserves.
ICIEC, Standard Chartered commit $111mn to fund solar-powered street lamps in Senegal
Egypt’s sovereign fund appoints Tractebel to advise on sale of Gabal El Zeit and Zafarana wind farms
Turkmenistan: Pledging the depths
Ashgabat's promises to curb greenhouse gases do not stand up to scrutiny. This and more in this week's Eurasianet Akhal-Teke Bulletin.
Croatia to invest €400mn in green transition
Pertamina Geothermal expands into Kenya's Suswa Geothermal Project
Indonesia-owned PT Pertamina Geothermal Tbk (PGEO) is set to embark on the Suswa Geothermal Project in Kenya, as indicated by a joint statement
COP28: A week in, and fossil fuels and finance dominate
The first week of COP28 has ended, and climate diplomats must now hammer out the final agreements.
REM: At COP28, a week in, and fossil fuels and finance dominate
Insurers heavily exposed to climate crisis, says watchdog
A new report from the International Association of Insurance Supervisors (IAIS) finds that insurers face significant “material exposure” to climate change impacts and risks associated with their alternative investments in reinsurance.
COP28: ExxonMobil CEO rails against fossil fuel phase-out, tells summit to focus on emissions
ExxonMobil’s CEO, Darren Woods, has told the COP28 meet in Dubai that the world should focus on reducing emissions rather than phasing out fossil fuel.
Earth nears catastrophic climate tipping points, say scientists
Climate change has pushed the world into a precarious position concerning numerous planetary 'tipping points,' according to an extensive scientific evaluation completed by over 200 researchers.
COP28: US joins 24/7 renewables drive
The US government has joined a UN initiative to encourage the use of renewables at all times of the day, every day.
COP28: US pledges $3bn to UN green climate fund
The US has pledged $3bn to the UN’s Green Climate Fund at the COP28 conference in Dubai. The announcement was made by US Vice President Kamala Harris at the conference.
Iran’s Yazd Province eyes 2,000 MW of solar power in 4 years
Iran plans to set up dozens of solar farms in the central Yazd province within four years under a comprehensive scheme to generate 2,000 MW of green energy per day.
COP28: US pledges to end coal
COP28: Masdar signs deals for 1-GW wind, possible green hydrogen plant in Jordan
Masdar has signed a joint development agreement with the Jordanian Ministry of Energy and Mineral Resources for a 1-GW wind project with a battery energy storage system, and a memorandum to explore the feasibility of green hydrogen plant.
Global wind power outlook falls by 29 GW in fourth quarter, says Woodmac
The outlook for the global wind power sector has fallen by 29 GW in the fourth quarter of 2023 (Q4 2023), with the downgrade signifying a drop in cumulative installed capacity to 2.35 TW by the end of 2032.
SB Energy secures $2.4bn for US renewables projects
SB Energy has secured $2.4bn for 1.3 GW from a total of four solar projects in the US.
Petrobras installs wind measurement sensor in Pescada field
Petrobras has installed a LiDAR (Light Detection and Ranging) sensor on the PPE-1A platform in the Pescada field, located in Rio Grande do Norte, Brazil Energy Insight reported on December 1.
Vietnam's first wind power plant struggles with debt, faces auction
The Bank for Agriculture and Rural Development - West Hanoi Branch has announced the selection of a debt auction organisation for Vietnam Renewable Energy Company Limited
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
MOL and Bapco Energies agree CCS deal
Japanese shipowner MOL has agreed a carbon capture and storage deal with Bahrain’s state oil and gas holding company Bapco Energies.
DTEK and Vestas forge partnership to build largest wind farm in Eastern Europe
Ukrainian energy conglomerate DTEK has partnered with Danish wind turbine manufacturer Vestas to build the Tylihulska Wind Power Plant, which is poised to be the largest wind farm in Eastern Europe.
Estonia’s Swedbank to finance construction of 6 Sunly solar parks in Latvia with €22mn
More countries to start producing electricity from nuclear power, says IAEA
About a dozen new countries should start producing electricity from nuclear power in the next few years, according to IAEA head Rafael Mariano Grossi, including Ghana, Kenya, Morocco, Nigeria, Namibia, the Philippines, Kazakhstan and Uzbekistan.
COP28: Greenpeace asks if nine European oil and gas majors are “getting away with murder”
Releases study showing 360,000 people could die prematurely before the end of the century because of global heating caused by companies’ 2022 greenhouse gas emissions alone.
Cambodia to halt hydropower dam construction on Mekong River, cancels $1.5bn coal plant
Poland’s new majority temporarily suspends work on liberalising wind power development rules
Poland’s new parliamentary majority has halted work on the liberalisation of rules for wind power development. The work will be picked up once the new government of Civic Coalition, the Third Way and the Left takes over officially.
Two Honduran companies team up to build five solar plants
Grupo Midence Soto Pierrefeu and Solaris have agreed to build five new solar plants in Honduras.
Transition risks for petrostates higher than ever, says report
Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.
UAE's Masdar acquires 1-GW renewable portfolio in Poland
Masdar, the UAE’s clean energy giant, has announced the purchase of eight hybrid renewables projects, along with Taaleri Energia, a Finnish-based renewable energy developer and fund manager.
Nicaraguan MPs set to approve Chinese loan for solar project supporting water utility
Members of Nicaragua’s National Assembly will vote this week on a Chinese loan for a solar power project that will support utility operations in Matagalpa.
COP28: Nations vow renewable energy boost
At COP28 in Dubai, 118 nations pledged to triple the world’s renewables capacity by 2030, and to reduce the share of fossil fuels by 2050 at the latest.
COP28: CIP announces $3bn renewables fund
Copenhagen Infrastructure Partners has announced the launch of its Growth Markets Fund II, during the 2023 COP28 in Dubai.
Masdar signs MoU for up to 10 GW of renewables in Malaysia
Masdar has signed a memorandum of understanding with the Malaysian Investment Development Authority, marking a significant commitment of $8bn towards the development of up to 10 GW of renewable energy projects in Malaysia.
COP28: Nigeria to build 1GW solar photovoltaic plant
Iran mass produces industrial solar power inverters
Iran has launched its first solar power inverter production line in the city of Karaj as part of its efforts to give renewable sources of energy a bigger role in electricity generation.
COP28: Uganda eyes net zero with new energy blueprint
Uganda is banking on the private sector to mobilise a staggering $8bn by the end of the decade to drive ambitious economic development, attain universal energy access and achieve net-zero targets by 2065.
Iran eyes energy recycling at its gas pressure boosting sites
Iran is planning to carry out an energy recycling project to generate electricity at its gas pressure boosting facilities, said a manager with the Iranian Gas Engineering and Development (IGEDC).
UAE’s ENEC signs uranium fuel supply contract with Kazakh uranium producer Kazatomprom
Morocco signs agreement on sustainable development with Oman
Ethiopia signs $600mn wind project agreement with UAE'S AMEA
Ethiopia has agreed with AMEA Power of the UAE to construct a 300-MW wind project for $600mn, said Ethiopia’s finance ministry. Reuters reported the news.
Kyrgyzstan signs agreement with Masdar, EDF for development of clean energy projects
COP28: North Macedonia launches just energy transition platform to mobilise €3bn
Goal is to expedite energy transition and facilitate the deployment of 1.7 GW of new renewable energy capacity by 2030.
Revenue of Bosnia’s HET pushed up by higher-than-expected rains
Zimbabwe introduces taxes on lithium, wealth, sugary beverages
COP28: Nigeria’s NMDPRA says can create $575bn in investment opportunities via decarbonisation
COP28: Kenya bags $4.4bn for green manufacturing projects
Tanzania pursues carbon millions through national parks deal
Russian oligarch to revive woolly mammoths in a real life Jurassic Park to stop Siberian permafrost melting
Russian billionaire chemicals oligarch Andrey Melnichenko has a plan to resuscitate prehistoric woolly mammoths to the frozen wastes of Siberia and Yakutia to stop the permafrost melting, which would be a climate catastrophe.
PTTEP to invest $400mn in CCS project in Thailand
The Thailand Greenhouse Gas Management Organisation announced that PTT Exploration & Production has submitted a notification of intent to develop a Premium T-VER project to register carbon credits of 1mn tonnes.
Japan-based fusion project records first plasma production
Japan and the EU have jointly celebrated the successful operation of the Japan Torus-60 Super Advanced fusion device.
Masdar to co-develop 1 GW of wind power for Kazakhstan
EU supports green energy programmes in Morocco with €50mn deal
Kazakhstan joins Global Methane Pledge at COP28 and promises reduction in oil output at OPEC+ meeting
Chinese miner Sinomine launches spodumene processing plant at Zimbabwe's oldest lithium mine
COP28: Islamabad looks to Gulf Nations for renewables investment
Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar has used the COP28 platform to emphasise Pakistan's commitment to address climate change issues
Estonia calling for Paris Climate Agreement review at COP28
Iran might become energy importer, IFPI warns amid gas shortage
The secretary general of the Iranian Federation of Petroleum Industry (IFPI) has sounded the alarm about a looming gas shortage, warning that Iran might turn into an energy importer as consumption outstrips production.
NLB achieves significant improvement in ESG risk rating
Uzbekistan still studying nuclear power plant tech of various countries, says energy minister
COP28 talks to save the planet could fall at first fence as oil producers and some rich countries call only for “phase down” of fossil fuels.
The COP28 talks in Dubai to save the planet from a climate catastrophe look like they are going to fall at the first fence as the oil lobby and some big economies push for a “phasing down” of fossil fuels, rather than the “phasing out”.
IMF: World needs more policy ambition, private funds, and innovation to meet climate goals
International cooperation is more important than ever because no country can address climate change by itself.
COP28: Turkmenistan joins Global Methane Pledge
Country’s president announces in Dubai that Turkmens will join world effort to seal “super-emitter” sites. Planet-heating gas pours out of remote Central Asian nation at alarming rate.
ING: Consumer not ready to change what they eat to help the environment
By wasting less food and eating less meat and dairy, consumers can help to slow down climate change. However, consumers in the EU have barely changed their diets.
South Africa’s bid to tackle energy crisis starts bearing fruit, senior emerging markets economist says
The intensification of load shedding has brought growth in South Africa’s economy to a halt in 2023, but there finally appears to be some light at the end of the tunnel, says Jason Tuvey of Capital Economics.
Global climate plans still fall short
Ahead of the Cop28 climate summit beginning on November 30 in Dubai, Sultan Al Jaber, the Cop28 president-designate has said that he believes an "unprecedented outcome" is still on the cards – keeping alive hopes something will happen.
COP28: Cities in the face of the rising tide
By 2050 an estimated 1bn people globally will be living in coastal areas, which are already threatened by rising tides.
Chile's solar boom threatens to inflate energy bills
Chile’s booming solar market is threatening to raise consumers’ energy costs as small generators known as PMGDs becoming increasingly mainstream. These systems are placing pressure on larger energy producers to raise energy bills.
COP28: Turkey assessed as “critically insufficient” on all climate crisis goals by scientific analysis
Researcher concludes that country “has set an emission target that it can almost achieve without any serious action”.
Kuwait bans exports of used cooking oil
Kuwait has moved to ban used cooking oils in a bid to promote sustainable practising and maximise potential income from the production of biofuel.
Brazil signs global agreement to triple renewables by 2030
Colombia’s Barranquilla port to install 2 MWp photovoltaic panels
Biofuels could ease Tanzania's import reliance
Various oil company heads have suggested Tanzania avoid fuel import bills by turning to sustainable ethanol production from sugarcane or agricultural residues, including wheat straw, rice straw, rice husk and corn stover.
Zimbabwean energy infrastructure group ATC secures contracts for solar, wind farms from Tsingshan
Bapco Energies amends and extends financing
The state energy firm has received encouraging support from regional institutions and while the value is dwarfed by the efforts of its neighbours, Bahrain’s energy transition ambitions may be aided by its comparative resource paucity.
COP28: Global climate plans still fall short
Ahead of the Cop28 climate summit beginning on November 30 in Dubai, Sultan Al Jaber, the Cop28 president-designate has said that he believes an "unprecedented outcome" is still on the cards - keeping alive hopes something will happen.
Brazil’s oil, gas regulator authorises biodiesel imports
Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) has revised the regulations governing biodiesel imports heralding a shift which is to allow foreign biofuels to contribute up to 20% of the nation's overall supply.
China Dongsheng’s Titan Lithium unit to start drilling at Titan 1 project in Tanzania
COP28: Global climate plans still fall short
Ahead of the Cop28 climate summit beginning on November 30 in Dubai, Sultan Al Jaber, the Cop28 president-designate has said that he believes an "unprecedented outcome" is still on the cards - keeping alive hopes something will happen.
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