REM - Renewable Energy

Only 40% of major companies, cities and regions have emissions targets, warns Net Zero Tracker

More than 40% of major companies, cities and regions have not yet set targets to curb their greenhouse gas emissions.

ERM launches carbon credit sourcing platform

London-based sustainability advisory firm ERM has launched its own carbon credit sourcing platform.

Zimbabwe renewable energy sector gets $100mn support from Old Mutual

Elementum Energy plans €500M wind power expansion in Ukraine

Elementum Energy, owned by VR Capital, is set to invest over €500mn in wind power projects across Ukraine, with plans to build approximately 400 megawatts (MW) of wind power capacity in the country's south and west in the coming years.

Iran aims to add 4,000 MW of green power within year to ease electricity deficit

Iran aims to ramp up its clean energy production capacity by 320% over the next year, with an additional 4,000 MW in the pipeline amid a lingering power deficit.

UN climate summit pledge to triple investment into green energy likely to fail due to lack of cash

At the “Summit for the Future” climate summit in New York, the world’s leading powers are under pressure to announce new strategies to triple global renewable energy capacity, when the current rate of investment is only a third of that needed.

Turkey’s EPIAS forms partnership with carbon credit agency Verra

Energy transition slows as global oil and gas industry refocuses on fossil fuels – report

ENNA Group to invest €1bn in energy and logistics

Bulgaria's Solaris launches 32-MWp hybrid photovoltaic plant

Solaris Holding has launched a plant for production and storage of green energy in the city of Pernik.

Solar power sees record gains in 2023

Renewables generated 30% of global electricity for the first time in 2023, on the back of strong growth in solar and wind generation.

Zelestra secures $146mn financing package for solar photovoltaic plant in India

Renewable energy firm Zelestra has secured a €132mn ($146mn) project financing package for its Gorbea solar photovoltaic plant in India, the company announced last week.

India’s AM Green acquires Finland-based Chempolis Oy and Fortum 3

Hyderabad-based energy transition solutions provider AM Green Technology and Solutions announced on September 23 that it has signed binding deeds to acquire Finland’s Chempolis Oy and Fortum 3 B.V., marking its entry into the biofuels industry.

IREDA, Punjab National Bank to strengthen their partnership in renewable energy financing

Indian Renewable Energy Development Agency Limited and Punjab National Bank are seeking to strengthen their partnership in renewable energy financing, IREDA announced on September 24.

Erste Bank to invest €47mn in Serbia’s largest wind farm project

Erste Bank Serbia has signed a financing agreement with Masdar and Taaleri Energia to invest €47mn in the construction of the Cibuk 2 wind farm, set to become Serbia’s largest renewable energy project.

Norway's Equinor axes plan for hydrogen pipeline to Germany

Norwegian state oil firm Equinor has abandoned a project to pipe blue hydrogen to Germany citing high costs and insufficient demand.

US sustainability platform reports 15% drop in corporate emissions between 2018-22

The median carbon footprint of corporations has decreased by 15%, according to US-based sustainability platform Watershed’s updated emissions factor database.

UK oil and gas sector more than halves methane emissions since 2018

The UK’s oil and gas sector has more than halved methane emissions since 2018 and reduced overall emissions from oil and gas production by 28% during the same period.

Ukraine could export 100mn cubic metres of biomethane by year-end, says agricultural holding

Ukraine could export 100mn cubic metres of biomethane by the end of 2024.

Zimbabwe's Kuvimba secures $300mn from Chinese giants Tsingshan, Huayou for lithium mine

EBRD extends €15mn loan to Moroccan automotive supplier Tuyauto for green facility

Green development project for Turkmenistan funded by EU and Berlin launched in Ashgabat

Iran, Tajikistan agree to foster electricity cooperation

Iran and Tajikistan are keen to step up cooperation in the electricity sector.

Tajikistan introducing electricity rationing month earlier than usual

Algeria activates construction plan for three solar power plants in northern region

The UK to close its last coal-fired power station

Britain is set to power down its last coal-fired plant on September 30, ending an era that began in the industrial revolution some 200 years ago. The closure comes a decade ahead of the G7 deadline to phase out coal completely.

Jubilee Metals to keep Zambian independent power producer Lunsemfwa's copper operations running

India's plan to double coal production by 2030 set to surge methane emissions: report

India, already the world’s second-largest coal producer, is planning to double its coal output by the end of this decade, targeting over 1.5bn tonnes annually.

Singaporean companies invest $2.4bn in Brookfield Asset Management for clean energy projects

Canada-based Brookfield Asset Management has secured an initial $2.4bn for its Catalytic Transition Fund, a vehicle aimed at investing in clean energy and transition projects in emerging markets

Is China going to single-handedly save the planet? Emissions may have peaked this year

Is China going to single handedly save the planet? Global emissions could start to fall this year for the first time since the industrial revolution, according to new research, largely thanks to China’s efforts as the global green energy champion.

Fish are starting to drown as warmer seas hold less oxygen

Higher temperatures mean the oceans can hold less oxygen and fish are literally starting to drown. Last summer, more than 100 miles of Florida’s coast around Tampa Bay became an oxygen-depleted zone littered with dead fish.

KEMET Electronics invests €400,000 in solar power plant in North Macedonia

Kemet Electronics, a capacitor producer in North Macedonia, has invested €400,000 in the construction of a photovoltaic (solar) plant with an installed capacity of 609 KWp.

Global solar power surges as costs plummet, poised to overtake coal in 2024

The cost of electricity generated from solar photovoltaic (PV) panels has plummeted in recent decades, driven by supportive government policies and technological advances, and the energy source is expected to overtake coal in 2025.

Costa Rica maintains high tariffs on solar energy despite power challenges

Costa Rica's government is maintaining high tariffs on alternative energy sources, including solar panels, despite facing challenges in energy production, industry sources say.

Turkish Airlines secures first sustainability-linked loan

Asian Development Bank approves $500mn loan to support Indonesia’s energy transition

The Asian Development Bank (ADB) announced on September 20 its approval of a $500mn policy-based loan to Indonesia, aimed at bolstering the country’s efforts in transitioning to clean energy

Russian hydropower major RusHydro updates investment programme

Russia’s state-controlled hydropower holding RusHydro will have capital expenditures of RUB293bn ($3.2bn) in 2024, RUB320bn in 2025 and RUB330bn in 2026, with a decline to RUB269bn and RUB177bn in 2027 and 2028 respectively.

Nepal seeks Indonesian investment in hydropower sector during bilateral talks

Nepal is actively encouraging Indonesia to invest in its hydropower sector, a crucial component of the South Asian nation's energy landscape

Japan's renewable revolution: paving the way to 80% green energy by 2035

Japan is poised to significantly boost its renewable energy share to 80% by fiscal 2035, according to a recent study by the Renewable Energy Institute.

Singapore expands cross-border electricity imports from Laos and Malaysia

Singapore will expand its capacity to import renewable electricity from Laos and Malaysia as part of the four-nation Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP).

Brazil’s data centre demand spikes, projecting 9 GW capacity by 2035

Brazil's Ministry of Mines and Energy (MME) has reported a significant increase in demand for data centre projects, with projections indicating a potential peak demand of 9 GW by 2035.

Strengthening clean energy cooperation between US, India

The United States and India plan to strengthen bilateral technical, financial, and policy support to expand their clean energy manufacturing capacity, the two countries said in a joint statement issued on September 22.

Brazil mulls reinstating daylight saving time amid drought-induced energy concerns

Brazilian energy authorities have approved the potential return of daylight-saving time as the country grapples with a severe drought affecting power generation

Brazil faces $150bn climate funding shortfall

Brazil needs $150bn in annual investments to fund climate adaptation and resilience measures, according to a report by Boston Consulting Group (BCG) released during the Brazil Climate Summit 2024 at Columbia University.

Dhaka set to sign tripartite hydropower deal with New Delhi, Kathmandu

Brazil, India eye partnership in sustainable aviation fuels

Brazil and India, two leading biofuel producers, are poised to collaborate on the production and use of sustainable aviation fuels (SAF), leveraging their existing ethanol and biodiesel infrastructure.

Brazil set to lead in sustainable jet fuel

Brazil is poised to become a major hub for the production of sustainable aviation fuel (SAF), a biofuel made from vegetable or animal oils, as its familiarity with biofuels grows.

Turkey reportedly joins Minerals Security Partnership forum, will work with US, EU in critical minerals, rare earths supplies

Kyrgyzstan foresees electricity output moving up 2.5% to 14.2bn kilowatt-hours in 2024

Tajikistan’s 8M24 electricity export earnings edge up to $82mn

Turkey applies strict restrictions to hybrid vehicle imports, move mainly targets China experts say

Ukrainian and Czech companies launch €75M wind farm, western Ukraine's largest

Ukrainian and Czech companies have jointly launched the Skoliv Wind Power Plant, a €75mn wind farm in the mountainous region of Lviv, western Ukraine, marking the largest foreign investment in the area since the outbreak of the war.

Satellite report finds Turkmenistan’s methane emissions fell 10% in 2023 versus 2020

Infrastructure bottleneck could thwart Kazakhstan’s ambition to export green hydrogen to Europe

Great potential, however, exists in using the clean commodity to produce green industrial products in move to help decarbonise economy, says geoeconomics analyst.

Kazakhstan sees rise in EV registrations as of end-July

SK Group to form Asia-Pacific’s largest private energy giant with SK Innovation and SK E&S merger

SK Group is set to revolutionise the energy landscape in the Asia-Pacific region with the merger of SK Innovation and SK E&S, slated to take effect on November 1.

Lotus Resources says planned uranium project in Botswana to have a 15-year-plus mine life

India's NTPC Green Energy files for $1.2bn IPO

NTPC Green Energy Limited, a subsidiary of India’s state-owned power company NTPC Limited, has submitted a draft red herring prospectus for its planned INR100bn ($1.2bn) initial public offering.

Tata Power secures 400-MW wind-solar hybrid project in Maharashtra

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Mumbai-listed Tata Power, has secured a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a 400-MW wind-solar hybrid project.

Bosnia’s HET posts €2.8mn net profit in 1H24

Philippines witnesses boom in renewable energy investments

Philippines’s Board of Investments (BOI) has reported record-high investment approvals amounting to PHP1.35 trillion (about $24.3bn) from January to mid-September, with an impressive PHP1.29 trillion attributed solely to renewable energy.

Kyrgyzstan’s Chatkal hydropower cascade project to attract at least $213mn in private financing, says official

Germany's KfW IPEX Bank and AKA agree €146mn in financing for Almalyk MMC's copper smelting investment in Uzbekistan

Meta seals 3.9mn carbon credit deal in Latin America

Meta Platforms (META.O) has agreed to purchase up to 3.9mn carbon offset credits from BTG Pactual’s forestry division up until 2038.

Uzbekistan’s NMMC pushes ahead with $450mn renewable energy push, 500 MW solar plant set for 2025

South African renewable energy company Phelan to install 1.5GWh of storage for its global clients using UAE's Enercap technology

Costa Rica poised to build offshore wind energy sector

The Central American Bank for Economic Integration confirmed that numerous international studies have identified the La Cruz area in Costa Rica's Guanacaste province as the prime location to construct of the country's first wind energy park.

Pampa Energía inaugurates Argentine wind farm

Pampa Energía inaugurated its sixth renewable energy project, a wind farm with a 140 MW capacity, following a $260mn investment.

Danube level in Bratislava recedes as southwestern Slovakia remains on high alert

The Danube river level in the Slovak capital Bratislava began receding on Thursday, September 19, but locations in southwestern Slovakia further down the stream of the Danube along the border with Hungary remain on high alert.

South Africa attracts green hydrogen projects valued at $46bn

Tunisia signs €79mn deals with Scatec, Aelous to build two solar plants

Global wind power installations reached a new high in 2023

Global wind power installations reached a new high in 2023, increasing renewable energy’s share of total power generation to 30%. Who are the leading countries? China leads the top 15 countries by total installed wind turbine capacity with 442GW.

Solar Energy Corporation of India floats tender for offshore wind power project

The Indian state-owned Solar Energy Corporation of India last week issued a tender for the development of a 500-MW wind power project off the coast of Gujarat.

Jokowi criticises lengthy permit process for geothermal projects, calls for urgent reforms

President Joko "Jokowi" Widodo has voiced his frustration over the lengthy approval process for geothermal power projects in Indonesia, warning that these delays are stifling the development of the country's vast geothermal resources.

India seeks changes to the Indus Water Treaty with Pakistan

India has officially notified Pakistan of its intent to renegotiate the Indus Water Treaty (IWT), marking a significant escalation in the long-standing dispute over water resources between the two nations

Jindal India Renewable enters battery storage space

Jindal India Renewable Energy, a division of the BC Jindal Group, on September 18 announced its entry into the battery energy storage systems (BESS) sector.

Bangladesh’s Rooppur nuclear project reaches milestone

The Rooppur Nuclear Power Plant (NPP) in Bangladesh has made significant progress with the recent loading of dummy fuel assemblies into the first unit of the plant, marking an important step towards its eventual operational launch.

Indian Renewable Energy Development Agency to raise $0.54bn through equity issue

Indian Renewable Energy Development Agency Limited (IREDA) has secured approval from the Department of Investment and Public Asset Management (DIPAM) to raise approximately INR45bn ($0.54bn) through a fresh equity issue.

Indian infrastructure financier REC signs pacts worth $13.37bn

Indian government-owned infrastructure financier REC signed non-binding memorandums of understanding (MoUs) with renewable energy developers worth around INR1.12 trillion ($13.37bn).

Singapore’s carbon exchange appoints new CEO as it enters growth phase

Climate Impact X (CIX), a Singapore-based carbon trading platform, has named Choo Oi-Yee as its new CEO, taking over nearly six months after the resignation of its founding chief executive, Mikkel Larsen.