REM - Renewable Energy
REM: Global temperature rise likely to exceed 1.5°C temporarily within five years, says WMO
Global temperature rise likely to exceed 1.5°C temporarily within five years, says WMO
There is an 80% likelihood that the annual average global temperature will temporarily exceed 1.5°C above pre-industrial levels for at least one of the next five years, according to a new report from the World Meteorological Organisation.
Global investment twice as much in renewables as fossil fuels, says IEA
Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, said a new report by the IEA.
Octopus Australia to develop 1 GW of wind
Octopus Australia is pleased to announce the successful purchase of an additional 28,000 hectares of land near Deniliquin, New South Wales in Australia. This is for the development of the new 1 GW Merino wind farm.
Montenegro’s EPCG and Kotor-Lovcen cable car forge green partnership
Representatives of Montenegro's electricity producer EPCG, and the Žičara Kotor-Lovćen cable car, SIGNED a Memorandum of Understanding on June12, setting the stage for a cooperation towards harnessing renewable energy sources.
How Masdar is transforming Azerbaijan's energy landscape
The state-owned Masdar renewable energy company has just signed off on a solar power development in Azerbaijan.
Oilsands CEOs support carbon tax, dislike Canada’s proposed emissions cap
In Canada, the largest oilsands producers support a carbon tax but dislike a proposed oil and gas emissions cap, the companies’ top executives told Ottawa lawmakers recently.
OMV launches plant to produce renewable diesel component at Schwechat refinery
Austria’s OMV has commissioned a new co-processing facility for producing renewable diesel blending components at its 9.6mn tonne per year oil refinery in Schwechat.
Kazakhstan launches vanadium oxides production with eye on “green energy” batteries market
Critical raw material also sought for micro-grids that ensure stable power.
Zagreb expands geothermal heating system
OMV Petrom invests €560mn to produce sustainable fuels
Southeast Europe's largest integrated energy producer to produce sustainable aviation fuels and biodiesel at Romania's Petrobrazi refinery.
Saudi Arabia-based IsDB signs $150mn financing commitment to Tajikistan’s Rogun mega hydro project
US ITC backs tariffs on SE Asian PV cells
The US International Trade Commission has upheld the probes into whether imports of solar products from Cambodia, Malaysia, Thailand, and Vietnam undermine US manufacturing.
Green Genius secures €87mn in loans for solar park in Latvia’s Jekabpils
Renewable energy company Green Genius concluded agreements with two German banks to raise €87 million in loans that will be used to build a solar power park in Latvia’s Jekabpils.
Iran’s private sector given chance to export green electricity
One of the main concerns for electricity producers in Iran was being able to export electricity, and the current government has switched on the possibility.
Norway’s Yara launches Europe's largest green hydrogen plant
Leading Norwegian fertiliser producer Yara International has launched Europe’s biggest green hydrogen facility, which will be used to make green ammonia.
Romania’s Restart Energy plans to raise €6.5mn with Bucharest Stock Exchange listed bond
Romania’s Restart Energy group, which is developing renewable energy projects, announced plans to issue 5-year bonds denominated in euros with a 9.5% coupon attached, “to finance the company’s accelerated development.”
Pertamina to acquire stake in Brazilian firm to secure bioethanol supply
Pertamina, Indonesia's state-run oil company, is set to acquire a stake in a Brazilian company to ensure a steady supply of bioethanol and sugar, Chief Investment Minister Luhut Binsar Pandjaitan announced on June 10
China's SPIC invests $147mn in Brazilian wind farms, launches solar parks
Chinese electricity company SPIC has announced an investment of BRL780mn ($147.4mn) in constructing two new wind farms in northeast Brazil, while also launching its first solar parks in the country
World Bank approves $40mn for energy transition project in Armenia
The investment aims to rehabilitate power transmission substations, introduce reforms to access private financing and modernise the energy sector while promoting regional cooperation.
Sechin rails against energy transition, calls for Russian policy changes
Renewable energy sources cannot provide energy security, Rosneft CEO Igor Sechin said in a speech at the St Petersburg International Economic Forum (SPIEF) on June 8, urging policy makers to revise energy transition strategies.
Iran’s daily electricity use nearing 70,000 MW amid rising temperatures
Electricity consumption is increasing in Iran as the approaching summer is pushing temperatures up.
US-based Tronox secures 200-MW renewables offtake for its South African mines, smelters
South Africa: Cape Town rooftop solar project helps to cut costs to tenants, reduce emissions
President Jokowi urges PLN to harness green energy for investment opportunities
President Joko Widodo has urged Indonesia’s state-owned electricity company, PT PLN, to capitalise on investment opportunities by managing the country's abundant green energy resources
Malaysian Sime Darby Plantation embarks on sustainable revenue initiative with Kerian Green Industrial Park
Sime Darby Plantation Berhad is set to leverage its extensive land holdings in Malaysia by participating in the development of the Kerian Integrated Green Industrial Park in Perak
Pertamina Patra Niaga issues first tender for sustainable aviation fuel
Indonesia's state-owned energy firm, Pertamina Patra Niaga, has issued its inaugural spot purchase tender for sustainable aviation fuel to be delivered in August, according to three sources who received the tender document
Ukrainian biogas leader faces operational hurdles amid raw material shortage
Ukraine's leading biogas energy producer, Clear Energy, is struggling to restore operations at three of its biomass thermal power plants, which collectively generate 22 MW, due to a shortage of affordable raw materials.
Majority of Australians support use of nuclear power, finds poll
Australian public opinion on nuclear power has significantly shifted, with 61% of respondents now supporting its use for electricity generation
Turkey hits Chinese cars with additional 40% tariff
Move made ahead of expected EU targeting of imported electric vehicle exports from China.
Pakistan to be first destination of Iranian green electricity export
Pakistan will be the first neighboring country to receive Iranian renewable electricity as the Islamic Republic set aside 300 megawatts of its clean power for export, an Energy Ministry official said.
Kazakhstan to allocate $10bn-12bn for nuclear power plant construction pending referendum approval
Indonesia showcases $860mn green refinery projects at IPEF Forum
Chief Economic Affairs Minister Airlangga Hartarto highlighted investment opportunities in sustainable infrastructure at the Indo-Pacific Economic Framework forum in Singapore
Jokowi and Norway bolster cooperation on climate and deforestation issues
President Joko "Jokowi" Widodo met with Norwegian Minister of Climate and Environment Andreas Bjelland Erikson in Jakarta on June 2
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