REM - Renewable Energy
Paris Agreement’s carbon budget all spent in growing number of developed countries
A carbon emission budget built into the 2015 Paris Agreement to buy the world some time before environmental catastrophe strikes has already been exhausted by some of world’s biggest carbon emitters and we are burning through what remains too fast.
Brazil set to surpass 47 GW in solar generation capacity by end of 2024
Brazil is poised to close out 2024 with over 47 GW of installed solar generation capacity, according to projections from the Brazilian Photovoltaic Solar Energy Association (Absolar).
Panama approves $10bn biofuels project led by US firm SGP BioEnergy
Panama's government has given the green light to a $10bn biofuels project owned by US firm SGP BioEnergy, awaiting a final investment decision that is expected by year-end.
Morocco allocates 1mn hectares of land for green hydrogen projects
Morocco is currently accelerating its transition plan to boost its green economy by allocating nearly 1mn hectares of land for green hydrogen projects, PM Aziz Akhannouch said in a statement quoted by news state agency MAP.
BP joins Egyptian green hydrogen consortium
British Petroleum has entered into a joint development agreement to potentially develop a multi-phase green hydrogen project in Egypt along with existing consortium members Masdar, Infinity Power and Hassan Allam Utilities.
Turkish delegation visits Niger with country’s uranium riches reportedly high on agenda
World Bank says Western Balkans must invest $37bn to protect region from climate change impact
Region increasingly plagued by floods, drought, heatwaves and forest fires.
Botswana grants Canadian miner Giyani Metals surface land rights for manganese mine, solar farm projects
ReElement Technologies and Jupiter Lithium forge partnership to launch Nigeria's first large-scale lithium deposit
Brazil gears up for hydrogen regulation
Brazil’s Petroleum Agency (ANP) is preparing to regulate the hydrogen market, but a lack of resources may hinder these efforts.
Renewable energy firm SOLA celebrates South Africa’s largest wheeling project official commissioning
89% renewable: Brazil heads G20 green power table
Brazil generated 89% of its electricity from renewable sources in 2023, positioning it as a leader in the G20 for clean energy transition.
Iran's renewables growth sluggish amid ambitious targets
Iran’s renewable energy production is inching up at a snail's pace with green electricity growing only 0.6% in June indicating that the country is far behind schedule in meeting clean power generation targets.
Record growth in renewables must be significantly topped up, says IRENA
The world risks missing the tripling renewables target pledged at COP28 in November. That is although renewables are becoming the fastest growing source of power, says the International Renewable Energy Agency.
Uzbekistan's uranium production up 12% in 1H24
Argentina's biofuels sector presses for price adjustments amid economic shifts
The biofuels sector, grappling with recessionary pressures and recent leadership changes in the energy realm, particularly the shift from Fernando Vilella to Sergio Iraeta as Secretary of Bioenergy, faces significant challenges.
Dubai heatwave: Temperature feels like 62°C as scientists explain extreme conditions
Dubai is experiencing an intense heatwave with the "feels like" temperature soaring to 62°C (143.6°F), according to US-based weather reports.
China to dominate global lithium-ion battery production this year, says Rystad Energy
China is set to continue dominating global lithium-ion battery production this year, with manufacturers shifting their operations to other countries to bypass higher US and EU tariffs, consultancy Rystad Energy reported on July 17.
BP: oil demand and emissions will peak in 2025
Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.
Czech solar spike slows down
There were 24,000 new photovoltaic power plants brought into operation in Czechia in the first half of this year, which is 21,200 less year on year.
Ghana's lithium mining deal with Barari DV faces parliamentary hurdles
A controversial lithium mining agreement between Ghana's government and a subsidiary of Atlantic Lithium Limited has encountered repeated obstacles in Parliament.
TotalEnergies warns of weaker Q2 refining margins, sets up EV joint venture
TotalEnergies reported on July 17 that it expected its second quarter income to come in at close to the upper end of its guidance range, but warned that its results for the three-month period would take a hit from slimmed refining margins.
Sri Lankan electricity tariff cuts pave way for price reductions in goods and services
Sri Lanka's Minister of Power and Energy, Kanchana Wijesekera, has announced a substantial 22.5% reduction in electricity tariffs
Brazilian renewable natural gas investments hinge on certification
Interest in investing in projects of renewable natural gases such as biomethane is growing in Brazil, but the lack of international recognition for gas certificates, because market guidelines are still under debate, has some participants cautious.
Investment into green energy to top $2 trillion in 2024 for first time – IEA
The world now invests almost twice as much in clean energy as it does in fossil fuels, according to a report by the International Energy Agency (IEA), but there are major imbalances in investment with Emerging Markets lagging the developed world.
Saudi Arabia and China near wind energy agreement
Madison gets Namibian licence to expand its Khan copper mine, advance uranium exploration
Wind turbine maker Siemens Gamesa secures $1.3bn guarantee package in Spain
The government of Spain has moved to support struggling wind turbine manufacturer Siemens Gamesa, as part of a €1.2bn help package, said Cesce, Spain’s export credit insurance agency.
Development Bank of Southern Africa (DBSA) to implement renewable power auction model across continent
Experts warn Iran's Golestan will turn into desert within 15 years
Iran’s lush northern Golestan province faces a shocking transformation into a barren wasteland in just 15 years as climate change bites.
DTEK Renewables secures extension on Eurobond payments, advances Tyligulska wind farm
DTEK Renewables has successfully extended €325mn of its green Eurobond payments and gained support for constructing the second stage of the Tyligulska wind farm.
Europe headed for mini-ice age as AMOC tipping point approaches – paper
A recent study finds that the AMOC (Atlantic Meridional Overturning Circulation) is on course to stop flowing, at the latest, within the next 75 years, causing a mini-ice age in Europe and could disrupt the entire planet's weather patterns.
Egypt plans to invest $1.2bn to drill 110 gas wells in FY2024/25
Egypt plans to invest $1.2bn to drill 110 exploratory gas and oil wells during the fiscal year 2024/25 as part of a $7.2bn investment plan to increase production by 2030 through the drilling of 586 wells, according to a minister.
Southeast European countries battle wildfires amid latest heatwave
North Macedonia the latest to appeal for international help to fires in inaccessible mountain areas.
State-owned electricity company PLN strengthens collaboration with USAID to accelerate energy transition in Indonesia
PT PLN has bolstered its collaboration with the United States Agency for International Development to hasten Indonesia's energy transition through various initiatives supporting renewable energy development and modernising the elect
India’s Hindustan Zinc nails 180-MW solar project with Serentica
Hindustan Zinc, a prominent Indian mining producer of zinc, lead and other metals, has commenced the first phase of integrating clean energy from Serentica Renewables' 180-MW solar project in Bikaner, Rajasthan.
Uruguay issues warning ahead of extreme cold front
Uzbekistan outlines lithium mining plans
Uzbekistan powers forward with lithium mining plans
Botswana gets $126mn World Bank facility to build first battery energy storage system, expand access
Each one degree rise in global temperature reduces world GDP by 12%, says study
Each one degree rise in global temperatures reduces world GDP by 12%, according to a new study by economists Adrien Bilal and Diego Känzi, published in Maym, which could reduce global GDP by half by the end of the century.
India’s solar power generating capacity hits 85 GW in June, but still playing catch-up with China
India's renewable energy sector saw a significant boost in the first quarter of this fiscal year, with 4.4 GW of new capacity added, driven predominantly by the solar panels.
Africa's energy ambitions stifled by investment shortfall
Africa's economic and social development hinges on access to affordable, reliable and sustainable energy. Despite vast energy resources, the continent remains energy poor and lacks sufficient investment to just keep up with population growth.
IMF: Three quarters of the world’s wealth is owned by 10% of its people, who account for half of the CO2 emissions
The state of global inequality is alarming, showing no significant improvement over the past century, according to the World Inequality Report 2022,
Iran’s electricity sector on the edge of collapse
In recent years, Iran's struggle to meet electricity demands during the scorching summer months has only intensified.
Brazil’s Acelen Renováveis to invest $3bn in macaúba palm biofuel production
Brazilian renewable energy firm Acelen Renováveis plans to invest $3bn to produce clean fuels from macaúba, a palm tree native to the Brazilian savannah.
Brazil's Acelen forms joint venture for $97.5mn solar project in Bahia to supply refinery
Brazilian energy company Acelen, owned by UAE's Mubadala Capital, announced a joint venture to invest BRL530mn ($97.5mn) in a solar park in João Dourado, Bahia. The energy generated will supply the Mataripe Refinery, 420 km away in São Francisco do C
Somalia seeks bids for solar-plus-storage projects to power schools
Somalia's Ministry of Energy and Water Resources has launched a tender for the design, supply, installation, testing, and commissioning of off-grid solar-plus-storage power systems to provide electricity to 46 schools in the Benadir region.
Atlantic Lithium submits mining lease for Ewoyaa Project to Ghana’s parliament for ratification
Iran experiences unprecedented heat wave in 50 years
Iran has experienced its hottest temperatures in 50 years, with the city of Ahvaz recording over 50 degrees Celsius (122 Fahrenheit) for more than seven days.
Korean agency completes upgrade of Bangladeshi Research Reactor
The Korea Atomic Energy Research Institute last week announced the completion of commissioning work on the modernised instrumentation and control system of the Bangladesh Training Research Reactor
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