REM - Renewable Energy
World must invest $8 trillion in renewables by 2030 to meet COP28 goal
Investment of as much as $8 trillion in renewable energy and half of that in grids and storage is required to meet the goal of tripling renewable energy capacity by 2030, as agreed at COP28 in Dubai in December.
Bulgaria and Romania to revive €6bn Danube hydropower project
Neighbouring countries are updating old plans to build a major new hydropower plant on the Danube between Nikopol and Turnu Magurele.
NorthAmOil: Carbon capture “fails” says Australian mining titan, Woodmac report casts doubt on giant Canada project
Carbon capture “fails” says Australian mining titan, Woodmac report casts doubt on giant Canada project
Carbon capture is a technology that “fails”, says billionaire Andrew Forrest, executive chairman of Fortescue Metals of Australia. The titan of the metals mining and green energy company was recently addressing the IEA's 50th anniversary meeting.
EBRD to support Montenegro’s EPCG to speed up green transition
The European Bank for Reconstruction and Development (EBRD) will support Montenegrin power company EPCG to achieve a faster transition to green energy production,
Warning of new ice age in Europe as currents in the Atlantic approach a catastrophic tipping point
The currents that circulate in the Atlantic are approaching a “tipping point” that will change the way water flows around the oceans of the world, which will have a catastrophic climate impact on countries around the world.
Despite transition to green energy, fossil fuels dominate in Ukraine
Fossil fuels meet over half of Ukraine’s energy needs, with renewables at only 3%, but an EU-funded green transition may not be far away.
EGCO goes green: THB30bn push for 1GW capacity boost, focus on renewables
Thailand's EGCO Group is doubling down on clean energy in 2024, allocating a substantial THB30bn (approximately $832.1mn) budget to add 1 GW of power generation capacity and amplifying its focus on renewable sources.
Bosnia’s Republika Srpska faces €102mn lawsuit for ending concession of Trusina wind park
Kenyan renewables company Serengeti Energy begins building a 5-MW hydropower project in Lesotho
A Kenya-headquartered company Serengeti Energy (Serengeti) has said its 5-MW hydropower project in Lesotho has reached financial close, paving the way for construction to begin.
Zimbabwean firm Optate Africa unveils plan to build 200MW wind farm
Ukraine prepares to export biogas to Europe
Ukrainian authorities are poised to venture into the burgeoning market of biogas exports to Europe.
Iran developing two large solar farms in north-east
The largest solar power plant in north-east Iran is set to be launched in North Khorasan Province with a daily capacity of 60 MW, said the regional electricity distribution chief.
Romanian companies have €815mn grants for green energy projects
China's renewable energy megaboom still being held back by coal sector
China's surge in green initiatives in 2023, provided a rare positive narrative for both environmental sustainability and its economy, marking a significant milestone
German wind giant PNE AG sets sights on Vietnamese shores
German renewable energy developer PNE AG is setting its sights on Vietnam, planning to build up to three offshore wind farms off the coast of Binh Dinh province
Azerbaijan's gas boom amid COP29 spotlight raises questions on climate commitments
In the wake of COP28's focus on transitioning from fossil fuels, COP29 is poised to take place in Azerbaijan, amidst a gas production boom. The country plans to boost its gas output by 35% over the next decade.
Third biogas power plant launched in Iranian capital
A third power plant generating renewable electricity from biogas released as a result of sewage treatment has come on stream in the Iranian capital Tehran.
Montenegro to launch tender for new wind parks
Montenegro’s government has decided to launch a tender to lease land for the construction of new wind power plants in the municipality of Savnik, it said in a statement.
Indonesian president approves rooftop solar panel regulation revision
Director of the Centre for Public Policy Studies believes that President Joko Widodo's approval of the revision of rooftop solar panel usage regulations demonstrates the state's commitment to maintaining affordability
Hydrogen production and demand to grow in 2024, but only slowly
Hydrogen production and use are expected to grow in 2024, but it remains very expensive to produce and transport, making progress slow.
Indian oil & gas giant forms JV to increase offshore wind
India’s Oil and Natural Gas Corporation, the country’s largest oil and gas company, along with NTPC Green Energy Limited, a fully owned subsidiary of India’s largest utility company NTPC, have formalised a joint venture
AsiaElec: Indian oil & gas giant forms JV to increase offshore wind
Japanese wind power numbers increase with 158 new turbines added to grid in 2023
Japan's wind power capacity saw significant growth in 2023, with the addition of 572.3MW, bringing the nation's total operational wind energy capacity to 5,213.4MW for the first time
Will 2024 see the first ever category 6 hurricane?
Disaster season is approaching and this year the world could see its first ever city-killing category six hurricanes.
Germany, Algeria set up hydrogen task force to enhance energy partnership
Germany and Algeria have signed an initial agreement to set up a bilateral hydrogen task force to enhance their partnership and explore opportunities to produce, store, and transport green hydrogen and its derivatives.
German gas utility VNG signs contract with Algeria’s Sonatrach
Croatian company to build hydrogen-powered passenger ship
Lürssen Design Center Kvarner, based in Rijeka, Croatia, is collaborating with 14 international partners to construct a hydrogen-powered passenger ship destined for the Adriatic Sea within the next four years.
Massive hydrogen reservoir discovered under chromium mine in Albania
The reservoir beneath the Bulqizë mine is estimated to hold as much as 55,000 tonnes of hydrogen.
Latvia's solar generation capacity triples to 300 MW in 2023
Solarcentury Africa, SolNam Energy to build 60-MWp merchant solar project in Namibia
AEEP Energy Talks 2024 to explore sustainable energy development in African Island States
Uzbekistan: Car buyers turning to foreign brands
China’s automakers are easily dominating market share for imports. Almost 80% of foreign-bought vehicles arrived from there in 2023.
Egypt set to decide on buyer for Wataniya
Egypt is set to receive closing bids for the purchase of shares in the National Company for the Sale and Distribution of Petroleum Products (Wataniya).
Korean shipbuilding giant makes waves in maritime SMR sector
South Korea's HD Korea Shipbuilding & Offshore Engineering has unveiled plans to collaborate with the UK's Core Power and the USA's Southern Company and TerraPower to develop a small modular reactor for maritime use
Taiwanese energy firms move into SE Asian, other markets
Taiwanese energy companies are aggressively expanding into Southeast Asian and Japanese markets as the global push for green energy gains momentum
Japan faces uphill battle in revamping energy mix
Japan, a country heavily reliant on imported gas and coal for its power generation, is grappling with ambitious targets to reduce its dependence on fossil fuels by the end of the decade
Revised rooftop solar power policy in Indonesia showcases the balancing of stakeholder interests amid energy transition goals
Guyana announces clean energy achievements and future plans in hinterland communities
The Guyana Energy Agency announced its progress in advancing clean energy electrification projects throughout hinterland communities in 2023 to showcase its commitment to sustainable development and renewable energy adoption across the nation.
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