REM - Renewable Energy
Tajikistan announces IsDB, other Arab institutions to back Rogun hydropower mega project with $550mn
Norway's Scatec, Orascom-led consortium acquire land to build $9bn wind power plants
The Egyptian government signed a contract with Norway's Scatec (previously Scatec Solar) and a consortium led by Orascom Construction allocating them land plots to build two wind power plants in Egypt with total investments of $9bn.
White House permitting rule adds “roadblocks” for fossil fuel projects
The Biden administration’s Council on Environmental Quality has completed a rule to streamline the environmental review process – including for energy projects – under the National Environmental Protection Act.
Egyptian private lender CIB eyes $50mn loan from EBRD to fund green projects
The Commercial International Bank (CIB) is currently in talks with the European Bank for Reconstruction and Development (EBRD) to secure a $50mn loan as the lender needs to finance green projects in Egypt.
Largest rooftop solar farm launched in north-eastern Iran
Iran has launched the biggest rooftop solar farm in the country in the north-eastern city of Mashhad.
GE Vernova invests $10.2mn in Xlinks’ Morocco-UK power project
Energy solutions firm GE Vernova (previously GE Grid Solutions) has invested $10.2mn to accelerate delivery and build-out of Xlinks’ Morocco-UK Power Project leveraging its expertise in grid solutions and project management.
Ukraine's greener energy mix offers promise for European decarbonisation
In a bid to tackle the challenges of decarbonisation, Ukraine's energy sector emerges as a beacon of hope, offering potential solutions that could aid Europe's ambitious goals for greener industrial practices.
ACWA Power's $10bn investment paves the way for renewable energy development in Malaysia
Saudi Arabia's utility giant, ACWA Power, has unveiled plans to invest $10bn in Malaysia over the next decade, focusing on the development of renewable energy initiatives
Controversy re-emerges over Germany’s 2022 nuclear shut-down
Accusations have arisen against the German ministries responsible for the economy and the environment, both under Green leadership, regarding their handling of the closure of Germany's final three nuclear power plants amid the 2022 energy crisis.
China has “enormous” green energy shift but fossil fuels persist, says DNV
China is a green energy leader, with an unrivalled build out of renewable energy and export of renewable technology, says a new report by global consultancy DNV.
US coal, new gas power plants must meet new GHG pollution targets
The Biden administration is taking steps to tackle the issue of planet-warming pollution from the nation’s electricity sector. These mandates, which target coal and natural gas plants, are likely to push for the closure of coal plants.
Saudi aims to transform energy management towards sustainability
Saudi Arabia is focused on transforming its energy management into economically viable and environmentally friendly systems in line with climate change initiatives.
Premier Energy takes over 80MW wind farm in eastern Romania
Premier Energy, a supplier and distributor of natural gas in Romania owned by Jiří Šmejc’s Emma Capital, announced it took over from Iberdrola an 80MW wind farm for the price of €88mn.
Solar energy presents opportunities for Brazilian landowners
As Brazil grapples with land degradation issues, particularly in its vast pasturelands, solar generation emerges as a promising avenue for landowners seeking sustainable and lucrative alternatives.
Malaysia pursues collaborative renewable energy ventures with Gulf partners
Malaysia is actively seeking partnerships with Gulf-based companies to bolster its renewable energy initiatives, as Tengku Zafrul Aziz, the country's Minister of Investment, highlighted during discussions at the World Economic Forum meeting in Riyadh
Slovenia’s PM says TES and Velenje mine could be closed as early as 2026
As Slovenia’s state-owned power company HSE expects losses in the operations of the Sostanj coal-fired power station TES and the Premogovnik Velenje coal mine, Prime Minister Robert Golob raised the possibility of their closing as early as 2026.
Toronto-based solar developer SkyPower Global signs 1GW power purchase deal in Zambia
The Green Giant Zambia project will supply electricity to approximately 4mn homes, create jobs, and support infrastructure development in the southern African nation.
AustChina set to begin Tanzania lithium drilling program
AustChina Holdings Limited is set to start a maiden drilling program at the Chenene Lithium Project in Tanzania focusing on four high-potential lithium targets with assays of up to 1.08% Li2O.
Morocco strengthens ties with France for industrial, automobile, green hydrogen projects
Brazil faces challenges in materialising solar generation projects despite rising supply
A recent study by Greener revealed that as of February 2024, Brazil had 145 GW of solar generation projects granted by the regulator Aneel, with 125 GW yet to commence construction.
Ørsted commissions Taiwan and Asia’s largest ever wind farm
Ørsted, alongside Taiwanese government officials, convened late in April to commemorate the commissioning of the initial sections of the Greater Changhua offshore wind farms
Indonesia aims for higher biodiesel blending ratio amidst rising demand
The Ministry of Energy and Mineral Resources of Indonesia projects a minimum stock of around 17.57mn kilolitres of crude palm oil to sustain the Biodiesel B40 program, a significant step towards reducing reliance on fossil fuels
Indonesia, Netherlands strengthen energy cooperation for climate action
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif engaged in bilateral discussions with Deputy Prime Minister and Minister for Climate and Energy Policy of the Netherlands, Rob Jetten, during his recent visit to the Netherlands
Saudi Arabia seeks overseas lithium sources to invest in EV sector
Saudi Arabia is aiming to secure overseas lithium sources as it looks to invest in the electric vehicle sector and produce EV batteries, according to the kingdom’s Minister of Industry and Mineral Resources, Bandar Alkhorayef.
Kazakhstan outlines draft hydrogen production plan, aims for 10GW of electrolysis capacity by 2040
Romania already exceeded EU’s 2030 green transition target
By 2022, Romania had brought its greenhouse gas emissions down by 56% compared to 1990, above the 55% target set by the EU.
First uranium produced at South Australia ‘Honeymoon’ facility
The Boss Energy Honeymoon project in South Australia has produced its first drum of uranium in over ten years.
Hungarian economy minister warns against imposing extra tariffs on Chinese EV imports to EU
Indonesia and EU to spearhead energy transition and carbon trading opportunities
Minister of Finance Sri Mulyani Indrawati has unveiled Indonesia's collaborative efforts with the EU Commission to champion energy transition and explore avenues for carbon trading with the European Union
Indonesia accelerates CCS initiatives in Sunda-Asri basin
Indonesia's journey towards carbon neutrality gains momentum as the Coordinating Ministry for Maritime Affairs and Investment unveils plans for the final investment decision on the carbon capture and storage project in the Sunda-Asri Basi
Unilever Costa Rica to spearhead green initiative with major solar installation
Unilever Costa Rica has announced plans to implement a 1.36 MMW solar system at its Belén facility in the Heredia province. This initiative is facilitated through a comprehensive energy services agreement with Compañía Nacional de Fuerza y Luz.
Costa Rica's ICE awards contracts for five solar projects totalling 86 MW
The Costa Rican Electricity Institute has revealed the allocation of five solar generation ventures, collectively boasting an installed capacity of 86 MW.
Iberdrola's Q1 profit surges 85% on sale of 13 power plants to Mexico
In the first quarter, Iberdrola, the Spanish energy giant, witnessed an 85% year-on-year surge in profits, primarily attributed to significant asset sales, despite a decline in turnover amidst decreasing electricity prices.
Brazil's solar power soars, represents 18% of national capacity
Brazil’s solar energy sector already makes up 18% of the country's installed electricity generation capacity, according to the Brazilian Association of Photovoltaic Solar Energy (Absolar).
Scatec secures PPA for 142MW solar plant in Brazil
Energy provider Scatec has inked a 10-year power purchase agreement (PPA) with Statkraft Energia do Brasil for a new 142MW solar facility in the state of Minas Gerais.
Helix Energy set to secure $500mn-plus Petrobras contract for well intervention vessel
Helix Energy Solutions is poised to secure another lucrative contract with Brazil’s national oil company (NOC) Petrobras’ offshore operations.
First Quantum's Zambian mines to import 80 MW from Mozambique, Namibia amid power crisis
EU signs €4mn collaboration deal with Morocco to support agriculture, forestry education
Engie Romania takes over 80MW wind farm
Madhav Infra Projects secures contract for $39.5mn solar power project in Gujarat
Madhav Infra Projects announced on April 24 that Gujarat Industries Power Company Ltd has awarded it a letter of intent for a solar power generation project valued at $39.5mn
Azerbaijan has launched its inaugural auction for renewable energy
Azerbaijan has unveiled plans for its inaugural renewable energy auction, marking a pivotal moment in the nation's journey towards sustainable power generation.
The models are wrong, climate change is accelerating faster than predicted
Scientists are starting to realise that the climate models they have been using to predict the rate of global warming are wrong as it becomes clear temperatures are rising faster than predicted.
EGAT, Laotian utility team up to explore green hydrogen production
Thailand's Electricity Generating Authority is partnering with Lao Electricity State Enterprises and Japanese companies Chiyoda Corporation and Mitsubishi Corporation to explore the use of renewable energy certificates.
GULF expands waste-to-energy portfolio with $420mn joint venture
GULF Energy Development Public Company Limited announced a significant expansion into waste-to-energy through its subsidiary Gulf West Two Energy Holdings Company Limited.
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