REM - Renewable Energy
Ukraine’s $20bn renewable energy plan targets 27% share by 2030
Ukraine's ambitious National Renewable Energy Action Plan, recently approved by the government, requires an estimated $20bn in investments to achieve its goals, according to a statement released by the Ministry of Energy.
EBRD, UniCredit Bank lend €40.1mn to Bosnia’s Elektroprivreda BiH for green transition
SEA suspends review of Colbún’s $1.4bn renewable energy project in Chile due to missing information
The Environmental Assessment Service (SEA) has suspended the review of Colbún's $1.4bn renewable energy storage project, known as the "Central de Bombeo Paposo," located in Taltal, Antofagasta Region.
South Africa’s power utility Eskom plans to repurpose coal plants for new generation projects
DBSA intends to expand renewable energy financing programme in South Africa
The Development Bank of Southern Africa (DBSA) intends to expand its renewable energy financing programme significantly, aiming to double its current capacity.
Azerbaijan builds largest wind farm in the Caucasus
Azerbaijan is steadily advancing towards becoming a leader in renewable energy, with the goal of emerging as a key exporter of green energy to Europe.
Philippines green-lights world’s largest solar power project
The Board of Investments (BOI) has awarded green lane certification to Terra Solar Philippines Inc.’s monumental P200-bn renewable energy initiative, heralded as the largest solar power facility globally.
BP Bunge expands operations in Tocantins
BP Bunge, a joint venture focused on production of bioethanol and sugar and renewable energy, announced a BRL530mn ($96.4mn) investment to expand its Pedro Afonso plant in Tocantins.
Peru's 97-MWp Matarani photovoltaic plant now operational
The 97-MWp Matarani photovoltaic plant in Peru, located in the Mollendo desert in the Arequipa department, has been successfully connected to the national grid.
‘Massive disinformation campaign’ undermines energy transition, says UN assistant secretary general
Four-century record heat is “existential threat” to Great Barrier Reef
Over the past nine years, the Great Barrier Reef has experienced five significant coral bleaching events. A recent study examining centuries-old coral samples highlights the severe threat climate change poses to this natural wonder.
Global wind to more than double by 2030, but more is needed, says Ember
National wind targets aim for a collective doubling of capacity by 2030, and global forecasts suggest this is achievable, says a new report by climate change think-tank Ember.
Chinese group wins 100-MW solar project in Botswana
US lab invents a Fremen-tech water harvester
An American lab has developed “Fremen-like” technology that can extract moisture from the air even in a desert.
Australian junior Ilala Metals launches IPO to raise $5mn to advance uranium, copper search in Botswana
Solar panel prices drop to all-time low in Pakistan
Solar panel prices in Pakistan have reached an unprecedented low, falling to PKR30-32 per watt.
Ukraine shifts to solar energy with $25mn in loans for households and public buildings
Ukraine is accelerating its transition to solar energy, with UAH1bn in loans already approved by Ukrainian banks for the installation of solar power systems in households.
Arcadium Lithium plans to delay lithium expansion projects in Argentina
Arcadium Lithium Plc announced plans to suspend or delay two of its four expansion projects in response to a global lithium supply glut and a sustained drop in prices.
EBRD to extend loan of up to $65mn to Turkey’s Polat Enerji for renewable investments
Carmaker set to announce major next-generation vehicles investment in Turkey, says industry minister
Sterling and Wilson secures INR5.5bn order for solar power project in Rajasthan
Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a new order worth INR5.5bn ($66mn) for the engineering, design, testing and commissioning of a 400-MW AC / 633-MW DC photovoltaic (PV) plant.
Kincora Copper announces agreement with Woomera Mining for Bronze Fox copper-gold project in Mongolia
Empresas Copec seeks to expand into Chile's green hydrogen and copper sectors
Chile's leading industrial conglomerate, Empresas Copec SA, is looking to expand into green hydrogen and copper mining.
Saudi EV market to grow 6% annually until 2030, says Lucid executive
Winterhoff's comments came as Lucid opened its second studio in Saudi Arabia, located in Jeddah, following the launch of its first centre in Riyadh in late 2022.
European Investment Bank discusses plans to support Egypt’s renewable energy projects
EBRD acquires 17% stake in Kazakhstan's Sarytogan Graphite
Iran’s daily power usage sticks around 80,000 MW as extreme heat persists
Iran’s daily electricity consumption again neared 80,000 MW on August 10 but fell short of hitting a new high, the head of the state-owned power producer and distributor Tavanir said.
Singapore explores renewable energy farm near Raffles Lighthouse
Singapore is considering the construction of a renewable energy farm around Raffles Lighthouse, with a feasibility study set to begin in the fourth quarter of this year
Zimbabwe, Zambia complete $148mn project to rehabilitate a plunge pool at jointly owned Kariba dam
Zimbabwe and Zambia have completed a project to rehabilitate a plunge pool at Kariba, a dam that marks a section of their common border.
Brazil's renewables rule change to cost $1.26bn more
A June ordinance from Brazil's Ministry of Mines and Energy eased requirements for renewable energy projects seeking deadline extensions to obtain benefits.
Cumulative capacity of Polish wind and solar power installations hits 30 GW in August
The installed capacity of Polish wind and solar power installations reached nearly 30 gigawatts as of August 1, PSE, the state manager of the country’s power grid, said on August 9.
Fortis Energy secures permits for 509 MW wind project in Serbia
Turkish renewable energy producer Fortis Energy has received preliminary permits for three wind parks in Serbia with a combined capacity of 509.4 megawatts, the company announced on August 8.
State miner Kyrgyzaltyn given rights to extract titanomagnetite, uranium and other minerals at Kyzyl-Ompol
Sistema.bio expands biodigester solutions to West and Southern Africa
Sistema.bio, a leader in biodigester technology, has expanded its operations into West and Southern Africa, solidifying its position as Africa’s largest biodigester company.
Tata Power, Druk Green Power to set up 600-MW hydropower project in Bhutan
Indian integrated power company Tata Power has formed a strategic partnership with Druk Green Power Corporation of Bhutan to develop the 600-MW Khorlochhu hydropower project, it announced on August 7.
Genneia and Molino sign Argentina renewable energy purchase power agreement
Argentine energy firm Genneia has secured a new power purchase agreement with Molino Argentino, a leading producer of speciality flours.
Chile launches seven new photovoltaic power plants in June
Chile added seven new photovoltaic power plants in June, adding 147.9 MW to the National Electric System according to the Monthly Energy Report from Chile’s National Electric Coordinator.
REM: Chinese wind and solar power overtakes coal as the biggest contributor to its energy mix
Chinese wind and solar power overtakes coal as the biggest contributor to its energy mix
China continues to consolidate its position as global green energy champion after wind and solar power overtook coal as the biggest contributor to its energy mix, as of June this year.
Brazil’s Aneel greenlights 15 Serra do Assuruá wind units
The Brazilian National Electric Energy Agency has authorised the commercial operation of 15 units of the Serra do Assuruá Wind Complex, which accounts for 8% of the total installed capacity.
South African Presidency allocates $613mn to JET-IP grant projects
The Presidency has announced that $613mn of the $821mn pledged in grants to support South Africa’s Just Energy Transition Investment Plan has now been allocated to specific projects
Vestas receives 144-MW wind turbine contract for project in South Africa
Danish sustainable energy solutions provider Vestas Wind Systems (Vestas) has landed a contract to supply wind turbines for a project in South Africa.
Blueleaf Energy secures $170mn financing for 200 MW wind-solar hybrid project in India
Renewable energy company Blueleaf Energy, owned by a Macquarie Asset Management-managed fund, announced on August 7 the financial close of its 200 MW wind-solar hybrid power plant under development in the state of Madhya Pradesh in India.
India's wind energy growth falls short of 2030 targets despite recent gains, report says
Despite a rise in India's annual wind installations over the past three years, the current pace of development, at 2.8 GW in 2023, falls short of the rate required to meet the country's 2030 renewable energy targets.
UK and Polish export credit agencies guarantee Standard Chartered €249mn loan for major Turkish solar project
ASX-listed Asian Battery Metals identifies more exploration targets at Yambat Copper-Nickel Project in Mongolia
Criminal complaint filed against official who gave go-ahead for controversial Una-mlin hydropower project
Chinese state firm eyes renewable energy investments in Panama
China Energy International Group, a state-owned conglomerate, has expressed interest in investing in renewable energy projects in Panama, focusing on offshore wind energy and water treatment, the Panamanian government said on August 5.
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