REM - Renewable Energy
Serbia issues sustainable bond on international market
Serbia has successfully issued a US dollar-denominated sustainable bond on the international market, raising $1.5bn at an interest rate of 4.7% to finance sustainable development and green projects.
African Development Bank Group signs $35mn climate resilience project for East African nations
US oil and gas industry reduces emissions intensity – new study
A new report finds that the US oil and gas industry is emitting less per barrel of oil equivalent produced.
Thailand pioneers carbon tax on oil, eyes CBAM advantage
Thailand's Excise Department is taking a pioneering step towards environmental sustainability by introducing a carbon tax on oil
Thai Vietjet and PTT OR partner on sustainable aviation fuel for greener skies
Thai Vietjet Air and PTT Oil and Retail Business (OR) have signed a Memorandum of Understanding to explore the use of Sustainable Aviation Fuel (SAF) for their operations, marking a significant step towards a more eco-friendly aviation
Coal mining company Delta Dunia Makmur finalises $122.4mn acquisition in the US
Indonesian coal mining company Delta Dunia Makmur has completed a significant acquisition deal in the United States.
World to miss goal of tripling renewables by 2030, says IEA
New analysis from the International Energy Agency (IEA) finds that countries will miss the COP28 goal of tripling global renewables capacity by 2030.
Serbia to issue sustainable bonds on the international market
Serbia is planning to return to the international capital markets for the first time since January 2023, according to a report by Bloomberg Adria on June 4.
Serbia to boost wind power capacity 40% by end of 2024
Serbia is set to increase its wind power capacity by 40% by the end of 2024, announced the Minister of Mining and Energy, Dubravka Đedović Handanović, at the Bloomberg Adria conference on business sustainability on June 5.
North Macedonia's first private wind park inaugurated
The wind park Bogoslovec, the first private wind park in North Macedonia, developed by Thor Impex, has been inaugurated on June 5.
The Caspian Sea to shrink by a third due to global warming
The Aral Sea has gone. The Caspian Sea may be next. Global warming will see its level fall by up to 18 metres and reduce its surface area by a third thanks to global warming.
Azerbaijan and UAE's Masdar sign agreements for three major renewable energy projects
During Baku Energy Week, the State Oil Company of Azerbaijan (SOCAR) and the United Arab Emirates Masdar company signed Shareholder Agreements for three renewable energy projects.
Thailand and Mitsubishi heavy industries sign MoU to explore hydrogen for power generation
Thailand's Electricity Generating Authority of Thailand and Japan's Mitsubishi Heavy Industries have signed a Memorandum of Understanding to explore the potential of hydrogen as a fuel source for power generation.
Indonesia unveils roadmap for cement industry decarbonisation by 2050
The Industry Ministry announced plans to develop a comprehensive roadmap aimed at decarbonising the cement industry by 2050
CO2 injection test planned at UK's largest depleted gas field
Preparations are in progress for a CO2 injection test at a carbon capture and storage project in the North Sea, at the UK’s largest depleted gas field.
CJR Renewables and Atlas Renewable to construct Chilean battery energy storage system
Portuguese clean energy firm CJR Renewables has announced a project commissioned by Atlas Renewable to enhance the capabilities of the 244 MW Sol del Desierto photovoltaic plant in the Antofagasta region of Chile.
Slovenia's HSE unveils plans for Druzmirje floating solar power plant
Slovenia’ state-run power utility, HSE, has revealed on June 3 its floating solar power plant project at the Druzmirje Lake, near Sostanj in the northern part of the country.
Floods-hit companies in Brazil assess damages, seek future solutions
In the wake of historic floods devastating southern Brazil, businesses are grappling with extensive losses and seeking support to recover and prepare for future climate challenges.
Cement is getting cleaner
Concrete is the second-most used material on the planet, and if cement-manufacturing were a country, it would be the third biggest source of CO2 emissions after China and the US.
China’s renewables exports grew 35% in 2019-2023
Chinese renewable product exports increased 35% from 2019 to 2023, driven by competitive prices and production capacity domination, said the new ‘Looking Overseas’ report from Wood Mackenzie.
MetalsGrove "disappointed" over initial surface mapping, sampling at Zimbabwean lithium claims
Vietnam's PV Power stock surges on rising electricity demand and expansion plans
PV Power, Vietnam's leading electricity producer, has seen its stock price surge nearly 29% since mid-April, reaching its highest level in over nine months.
Brazil could tap underutilised pastures to grow biofuel supply
Brazil has the potential to significantly expand its biofuel feedstock supply by utilizing 28mn hectares of underutilised pastures, according to Alexandre Alves, director of the agriculture research centre Embrapa.
Indonesia explores SMR nuclear tech collaboration with South Korea for energy and food preservation
The Indonesian government is exploring a partnership with South Korea to develop Small Modular Reactor nuclear technology as a new energy source and for food preservation purposes
Start-up PV Operation aims to tap into maintenance services for Brazil’s solar plants
A new online platform, PV Operation, is set to promote and optimise the operation and maintenance (O&M) services of solar plants in Brazil, addressing a significant gap in the sector.
Slovenia plans tough new energy and climate targets
Draft new National Energy and Climate Plan proposes higher targets for emissions reduction, renewable energy sources and energy efficiency by 2030.
Peru's renewable leap: Requena solar project nears launch
Peru's renewable energy landscape is set to witness a significant milestone with the impending launch of the Requena solar project.
Kosovo inks landmark agreement for 100 MW solar project
Kosovo’s Economy Minister Artane Rizvanolli signed an agreement on May 31 for the country's inaugural solar auction project with Lindja Solar, a Kosovo-established company forming part of the winning consortium, Orllati Group.
Kazakh president reaffirms nuclear plant referendum plan, energy minister comments on Uzbek NPP plan
World Bank allocates $13.6mn as early-stage funding for project to build $5bn Kambarata hydro plant
Japanese nuclear facility cleared for extended operations
Japan's Nuclear Regulation Authority has granted a 20-year extension for the operation of units 3 and 4 at Kansai Electric Power Company's Takahama nuclear power plant in Fukui prefecture
Sri Lanka set to phase out coal switch to 70% renewable in energy mix by 2030
Sri Lanka's Power and Energy Minister Kanchana Wijesekera has announced that the country will phase out coal power plants in alignment with its long-term energy strategy
India’s ONGC seeks to form joint venture for biogas plants
Indian state owned Oil and Natural Gas Corp. is set to establish a joint venture with the private Indian firm EverEnviro Resource Management Pvt Ltd to develop 10 compressed biogas plants
Climate Central report says Turkey endured unprecedented 47.6 days of extreme heat in 2023
Russian engineers to switch on Turkey’s first nuclear plant within a year
After missing 2023 launch window during Turkish centennial celebrations, Russia’s Rosatom will hope to see the facility go live successfully by next April.
Brazil's solar capacity reaches 43 GW, with notable growth in small-scale systems
Brazil's solar energy capacity has reached 43 GW, with 24 GW generated by systems of up to 75 kW, according to the Brazilian Photovoltaic Energy Association.
Serbia increases solar capacity 7.5 times in two years
Serbia has significantly increased its solar power capacity, from 20 megawatts two years ago to 150 megawatts, according to Dubravka Đedović Handanović, the Minister of Mining and Energy.
Developed world countries gave developing countries more than $100bn to tackle climate change for the first time in 2022
Developed countries provided $115.9bn in climate finance to developing nations in 2022, exceeding the $100bn annual commitment for the first time, according to data from the OECD.
Kazakhstan again in talks with US firms NuScale and GE Hitachi on SMR nuclear plant construction
Zelenskiy launches biomethane market in Ukraine, aims to attract international investment
President Volodymyr Zelenskiy inaugurated Ukraine's biomethane market, a move that could see Ukraine exporting 22 bcm of it to cover 20% of the EU’s needs.
Britain to assist Ukrainian company in building green hydrogen plant
Britain has pledged to support a Ukrainian company in constructing a plant dedicated to producing green hydrogen, with a capacity of 8,000 tonnes per year, through an investment ranging between €300-400mn.
PLN and Masdar expand Cirata floating solar plant capacity in joint development study agreement
State electricity company PT PLN, through its subholding PLN Nusantara Power, has entered into a Joint Development Study Agreement (JDSA) with UAE energy giant Masdar to boost the capacity of the Cirata Floating Solar Power Plant
Solar power in Bangladesh held back by high import duties
Bangladesh's solar industry faces significant hurdles due to steep import duties on essential equipment, according to industry experts
India’s BHEL signs $68mn contract with Power Mech Projects for building nuclear power plant
Indian infrastructure construction company Power Mech Projects Ltd. has secured a contract worth $68mn from Indian state-owned Bharat Heavy Electricals Limited to construct a nuclear power plant
Follow us online