REM - Renewable Energy
Fusion another step closer?
Fusion, the holy grail of the energy transition, is closer than ever before. But it’s still unclear whether it can be commercialised in time to ward off the climate crisis.
$3.1 trillion of investment in power grid needed before 2030
If the world is to limit global warming to 1.8 degrees Celsius above pre-industrial levels, $3.1 trillion of grid infrastructure investments is required before 2030, according to new research by Rystad Energy.
AfDB extends $188mn loan to Morocco’s OCP to build three seawater desalination plants
The credit facility is part of the 2023-2027 OCP's Green Investment Programme, worth $13bn, which aims to promote sustainable development and environmental protection in its operations.
Shell plans German biomethane expansion
Shell is bullish on growth in Germany’s biomethane market, a top manager told Reuters on February 20, noting that its client base in the country was seeking decarbonised energy.
Turkey’s Kontrolmatik, China’s Harbin Electric ink deal for 1-GW-hour energy storage facility
Alat announces global tech partnerships
During its launch event in Riyadh, Alat, which is wholly owned by the Saudi Public Investment Fund (PIF), announced significant global agreements with top global technology companies.
Energy Council of South Africa joins World Energy Council
GGF and UniCredit Bank Serbia launch €50mn renewable energy loan
Aligned with the Serbian government's plans for renewable energy auctions and targets outlined in the Integrated National Energy and Climate Plan (INECP or NECP), the partnership emphasises accelerating Serbia's transition to greener energy sources.
Japan commits €1.25bn to support investors in Ukraine at Tokyo conference
Japan has pledged to allocate €1.25bn to support its investors in Ukraine at the Tokyo Conference on Economic Development and Reconstruction, where key agreements were signed on the environment.
EIB Global commits €36mn for wind farm in Bosnia and Herzegovina
EIB Global, the financial arm of the European Investment Bank outside the EU, is set to provide €36mn for the construction of the Vlasic wind farm in Bosnia and Herzegovina, as part of the Global Gateway initiative.
Bosnia’s Nasa Banka plans new green bond issue
Emission coupon dealer Belektron becomes Slovenia’s top company for sales
Founded in 2008 outside of the main European financial hubs, Belektron generated sales revenues of €3.16bn in 2023, according to Podjetna Slovenija's ranking.
Kyrgyzstan, Rosatom consider construction of small nuclear plant
Tajikistan: Rogun dam budget spiral to make authorities sweat
Environmentalists are urging financial institutions to demand more assessments before giving any more money.
Ghana's lithium project to kick off in December, says MIIF head
Indonesia's MIND ID partners with UAE's EGA to develop $2-3bn bauxite smelter
Indonesia's state mining holding company MIND ID, through its subsidiary Inalum, plans to collaborate with the United Arab Emirates aluminium company, Emirates Global Aluminium, to develop the bauxite downstream industry to produce aluminium
Romanian pipe maker Silcotub is building 20MW PV park
Czech Tesla to open €90mn power storage devices factory in eastern Romania this year
Amazon faces “tipping point”, say researchers
The Amazon rainforest could face “large-scale collapse” by 2050, says new research.
Aker Solutions and Principle Power awarded FEED contract for Haewoori Offshore Wind 2 & 3
Aker Solutions and Principle Power have been awarded a front-end engineering and design contract for the Haewoori Offshore Wind 2 and 3 projects, collectively amounting to 1GW
Pertamina KPI Balongan refinery inaugurates 1.51 MWp solar power plant
PT Kilang Pertamina Internasional Refinery Unit VI (Kilang) Balongan inaugurated a 1.51 Megawatt peak Solar Power Plant (PLTS) on February 19
AsiaElec: Thailand looks to floating solar option to kick-start renewable transition
Thailand looks to floating solar option to kick-start renewable transition
Thailand is intensifying efforts to achieve carbon neutrality by 2050, driving a significant shift towards decarbonizing its energy sector
Serbia launches its first agrisolar power plant
Serbia launched its inaugural agrisolar power plant, "Solar Harvest”, a partnership between Elektropionir energy cooperative and Organela organic farm.
Saudi Investment Fund buys 40% stake in offshore company
Saudi Investment Fund buys 40% stake in offshore company
Perspectives | Clock is ticking as Central Asia confronts water calamity
Stakeholders need to collaborate, tackle waste and address the elephant in the room: Afghanistan.
Storm-induced blackouts in Victoria reignite debate over energy infrastructure
The recent blackout affecting more than half a million homes in Victoria, Australia, has reignited a heated debate over the resilience of the state's energy infrastructure and the rapid transition away from traditional energy sources
Japan shows off floating seismic isolation system for SMRs
Japan has successfully completed a series of large-scale demonstration tests for a groundbreaking floating seismic isolation system aimed at enhancing the feasibility of siting small modular reactors
Laos seals landmark deal for Southeast Asia's largest wind farm
In a significant move for renewable energy in Southeast Asia, the Lao government has signed a Project Development Agreement with Savan Vayu Renewable Energy Co., Ltd. for a massive 1,200MW wind farm project.
Eskhata Bank becomes Tajikistan’s first issuer of green bonds
Warm, dry winter signals escalating climate challenge in Afghanistan
Afghanistan is already grappling with its worst drought in three decades, contributing to the deep economic slump.
Romania issues first green FX bonds
Pashinyan plans to take part in the IAEA summit on nuclear energy in Brussels in March.
On its website, the IAEA announced that the summit would be the most significant meeting to date solely focused on nuclear energy. The summit will be co-chaired by IAEA Director General Rafael Grossi and Belgian Prime Minister Alexander De Croo.
Turkey’s Fortis Energy launches 3-MW Dolovo biogas plant in Serbia
The 3-MW Dolovo biogas power plant built by Turkish electricity producer Fortis Energy, a unit of Istanbul-based UCK Holding, in Serbia has come online, Fortis Enerji said on February 14.
Albania greenlights 90-MW PV plant by Greece Faethon
Albania's government announced on February 14 its approval of Faethon, a renewables developer and indirect subsidiary of Greece's Heron energy group, to construct a 90-MW photovoltaic (PV) power plant in Libohove.
US grant boosts renewable energy push for PLN in eastern Indonesia
Indonesia's state-owned electricity company, PT PLN, has secured a $1mn grant from the US Trade and Development Agency to study the feasibility of developing new renewable energy infrastructure in five remote and disadvantaged regions
Hive has secured land for three solar projects in Croatia
The newly acquired sites, all on private land, include a 6-MW Agri-PV project. Two other projects are also set to obtain all permits by the end of 2024 and the third is awaiting spatial plan insertion.
Ukrainian biomethane producers halt production amid export issues
Ukrainian biomethane producers are halting production due to unresolved export issues, with the cost of production far exceeding that of natural gas, according to industry insiders.
Dubai Municipality signs MoU to produce SAF
Dubai Municipality has signed a memorandum of understanding with NV Besix SA, Marubeni Middle East and Africa Power Ltd. (MAMEA) and ENOC Marketing at the World Governments Summit 2024 to produce SAF.
UK government set to back country's first large-scale hydrogen plant
The UK government is set to throw its support behind the construction of the UK’s first large-scale hydrogen plant at the Stanlow oil refinery in north-west England.
Turkey’s Kiler Tekstil to build 150-MW solar plant
Kiler Tekstil, a unit of Turkish conglomerate Kiler Holding, will invest a total of TRY4.4bn ($143mn) to build a 150-MW solar power plant, namely Cevrimtepe, in Siirt Province in Turkey.
Power aggregators to accelerate clean energy transition in South Africa’s mining sector
Solar and wind power claims over 88% share In Indian renewable capacity as of January 2024
India is leading the charge towards a sustainable energy future, with solar power taking the spotlight in its renewable energy journey. As of January 2024, solar energy holds a commanding 55% share of the country's total renewable installed capacity,
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