REM - Renewable Energy
DTEK Renewables to pledge Ukraine's largest solar plant as €325mn Eurobond collateral
The DTEK group is set to pledge Ukraine’s largest solar power plant as collateral to secure a €325mn Eurobond.
Google’s emissions up 48% in five years because of AI
The greenhouse gas emissions of search and data giant Google increased almost 50% in five years because of its offerings and use of artificial intelligence (AI). The technology is highly power-hungry.
Kosovo to launch first wind energy tenders for 150 MW capacity
Kosovo’s Ministry of Economy has announced plans on July 2 to initiate the country's first tenders for wind energy, aiming for a total capacity of approximately 150 MW.
Shell halts work on biofuels plant amid weak market conditions
Shell has paused construction on a planned 820,000 tonne per year biofuels plant in the Netherlands.
KPC purchases 50% stake in Ecofox
Kuwait Petroleum Corp.’s (KPC) international subsidiary Kuwait Petroleum International (KPI) has acquired a 50% stake in Italian biofuels manufacturer Ecofox (a subsidiary of Fox Petroli) as of last week, in line with KPC’s Energy Transition 2050.
South Africa's Nedbank contracted to raise funds to help Deep Yellow advance uranium project in Namibia
Egyptian fertiliser industry temporarily fuelled by hydrogen amid natural gas shortages
Numerous manufacturers in the Egyptian fertiliser industry including Mopco, Sidi Kerir Petrochemicals and KIMA announced that they would be stopping production this week due to an acute shortage of natural gas in the country.
New tipping point looms beneath Antarctic ice sheet
For the first time, a “new and worrying” way that large ice sheets can melt has been characterised by scientists. Projections of sea level rise may thus be “significant underestimates”.
US Supreme Court weakens federal regulators, bolstering business interests
The conservative majority of the US Supreme Court has overturned a 40-year-old landmark decision – the Chevron deference – that made it easier for the federal government to regulate the environment
Hurricane Beryl strengthens to Category 5, headed to Jamaica
Hurricane Beryl intensified again into a "potentially catastrophic" Category 5 storm on July 2 as it moved across the eastern Caribbean, headed for Jamaica after downing power lines and flooding streets in the western Caribbean islands.
Hidroelectrica awards €188mn hydropower plant refurbishment contract
Romanian state-controlled hydropower company Hidroelectrica awarded a €188mn contract for the refurbishment of its major hydropower plant Vidraru to an association formed by Romanian companies Electromontaj, Butan Grup and Croatia's Koncar.
Azerbaijan's energy minister reveals COP29 strategy at Milan congress
Minister of Energy Parviz Shahbazov delivered a keynote speech on Azerbaijan's national energy strategy ahead of COP29 at the ministers' panel held within the framework of the Green Energy Transition Congress in Milan, Italy on July 1.
Taiwan could be headed for a 60% renewables and nuclear power mix
Taiwan’s energy mix should comprise a 30% renewable energy and 30% nuclear power mix, according to Pegatron Group Chairman Tung Tzu-hsien
Western journalists reportedly barred from attending Baku Energy Week
Earlier in June, several Western journalists were denied entry to an energy conference in Azerbaijan, sparking renewed concerns over the country’s media suppression ahead of the UN climate talks in Baku in November 2024.
ATIDI provides $117mn in funding for Kenya’s 35-MW Menengai geothermal plant
Kenya's 35 MW Globeleq Menengai Geothermal project has secured funding through the African Trade and Investment Development Insurance (ATIDI).
Tropical storm Beryl intensifies to an “extremely dangerous” category 4 hurricane in an extreme weather first
Tropical storm Beryl intensified into an “extremely dangerous” Category 4 hurricane in less than 42 hours in a never-before-seen acceleration of destructive power for the time of year.
Australian uranium miner Bannerman Energy raises $57mn as it intensifies work on Namibian project
When will temperatures breach the 1.5C threshold?
Global temperatures in 2023 blew past the Paris Agreement limit of 1.5C to end as the hottest year on record. The heat has continued into 2024 with records falling ever week that were only set last year. This year is on course to be an even hotter.
Moldova to launch tender for 165MW of PV and wind farms
The tender for the construction of large-sized PV and wind farms with a total installed capacity of 165MW in Moldova will be launched in the first week of July.
Protests begin in Serbia against Rio Tinto lithium mining project
Nearly two thousand people gathered in the town of Loznica to protest against the controversial lithium mining project.
Cambodia steps on the gas in renewable energy transition
Cambodia is accelerating its shift towards clean energy sources, aiming to meet rising energy demands, combat climate change, and attract new investments,
Iraq grants TotalEnergies license for 1000MW solar plant in Basra
Iraq's National Investment Commission has granted French energy giant TotalEnergies a license to build a 1000 megawatt solar power plant in the southern governorate of Basra.
American lithium to conduct pilot processing tests for Falchani project
By late 2024, American Lithium Corp plans to start pilot processing tests for its Falchani lithium project in Puno.
Kazakhstan courting international investment to curb methane emissions
Astana to present methane emissions reduction plan at COP29.
Bosnia’s Lager acquires 85% stake in Serbia’s Snaga Istoka
Bosnian construction supplier Lager has acquired an 85% stake in Serbia's Snaga Istoka, which is developing a 300 MW wind power plant in Serbia's eastern municipality of Bar, according to a report by local news portal eKapija on June 26.
Renewable energy investor ENGIE Energy Access begins building 15 solar mini grids in Zambia
Extreme wildfires have doubled in two decades, due to climate crisis
A new study, in "Nature Ecology & Evolution", reveals that the frequency and intensity of severe wildfires worldwide have doubled over the last two decades due to climate change.
Biden administration announces $850mn to reduce methane from oil and gas sector
The Biden administration has announced $850mn in grants to help stop methane emissions from the oil and gas sector.
Shell greenlights CCS projects in Alberta
Shell Canada will proceed with two carbon capture and storage projects in Alberta.
Indonesia targets B40 biodiesel programme implementation by 2025
The Ministry of Energy and Mineral Resources is targeting the implementation of the mandatory B40 biodiesel program, a blend of diesel fuel with 40% palm oil-based biofuel, by 2025
BCPG exits Japan solar market, redeploys funds for higher-return renewables
BCPG Public Company Limited has completed the sale of its entire Japanese solar power portfolio for THB10bn (approximately $281mn), the company announced on June 27
Japan's NRA approves long-term operation for Ohi reactors
Japan's nuclear regulator has granted Kansai Electric Power Company permission to extend the operational life of units 3 and 4 at the Ohi nuclear power plant in Fukui Prefecture for another decade
CIP’s latest offshore wind farm in Taiwan begins power generation
The Zhong Neng offshore wind farm in Taiwan, a collaborative project between Taiwan’s China Steel Corporation and Danish fund manager Copenhagen Infrastructure Partners, has started producing its first power
New and renewable energy bill nears final stage
The discussion on the New and Renewable Energy Bill (RUU EBET) is nearing its final stage
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