REM - Renewable Energy
Japan’s new prime minister vows to ramp up renewable energy production
Japan will increase its renewable energy production as much as possible, the country’s newly appointed Industry Minister, Yoji Muto, declared on October 2.
Nordex receives order for 66 MW of wind power for Scotland
German wind turbine manufacturer Nordex Group received a 66-MW order from Swiss asset management firm Capital Dynamics for the supply of twelve N149/5.X wind turbines to be used at a new onshore wind farm in Scotland.
Costa Rica's state utility to invest $80mn in major solar project
The Instituto Costarricense de Electricidad (ICE), Costa Rica's state-owned electricity provider, has unveiled plans to invest $80mn in a 66-MW solar plant in Guanacaste Province.
SEG Solar breaks ground on Indonesia’s biggest photovoltaic industrial park
US photovoltaic module manufacturer SEG Solar began construction of its integrated photovoltaic industrial park in Batang, Indonesia.
Biomass or bust: the controversial rise of woody energy in Asia
In the past decade, Japan and South Korea have significantly expanded their reliance on woody biomass for energy, with projections indicating that Japan's capacity will reach 3.8 GW and South Korea’s 1.46 GW by 2026.
Russia's climate warms at twice the global average
A new report by Rosgidromet, Russia's federal service for hydrometeorology, has found that the country is warming at twice the rate of the global average, reports Vedomosti on October 2.
UK becomes first major economy to end coal power use
The 2,000-MW Ratcliffe-on-Soar power plant in Nottinghamshire finished its final shift at midnight on September 30.
Kyrgyzstan reports improved water level at largest HPP Toktogul but still faces electricity deficit
GEN-I launches 12 MW solar power plant in North Macedonia
ASX-listed Woomera to drill Bronze Fox project in “world-class Mongolian Copper Belt”
Brazil to hold public consultation in 2025 for battery storage auction
Brazil's Ministry of Mines and Energy has initiated a public consultation on the guidelines for a landmark battery storage capacity reserve auction slated for June 2025.
Latvian government endorses general climate draft law
Colombia boosts renewables amid climate and energy crisis
Colombia has been making strides in diversifying its energy mix, with efforts focused on both large-scale renewable projects and small-scale self-generation.
Ukraine ready to export biogas as first biomethane plant uses the national gas pipeline system for the first time
A Ukrainian company has, for the first time, transported biomethane via the country’s domestic gas transmission system, marking a significant step towards its ambition to export the renewable energy source to Europe, UBN reported on October 2.
Masdar completes acquisition of 50% stake in renewables developer Terra-Gen
United Arab Emirates-based firm Masdar has closed its acquisition of a 50% interest in US renewable energy developer Terra-Gen from investment firm Energy Capital Partners.
Ukraine to hold first green energy auction to boost renewable development
Ukraine will hold its first-ever green energy auction on October 31 to stimulate renewable energy production.
Brazil's green hydrogen projects soar to $30bn
Several companies have signed memoranda of understanding and pre-contracts with Brazilian ports to develop green hydrogen projects worth a combined $30bn.
South Korea and Slovakia forge strategic energy alliance amid nuclear ambitions
In a significant diplomatic move, South Korean President Yoon Suk Yeol and Slovak Prime Minister Robert Fico announced an elevation of bilateral relations during Fico’s three-day official visit to South Korea.
Tata Power plans $14.5bn investment in Indian state of Rajasthan
Tata Power, one of India’s largest integrated power companies, announced on September 30 the signing of a memorandum of understanding (MoU) with the government of Rajasthan to invest approximately ₹1.2 trillion ($14.5bn) in the state.
Senvion India secures wind turbine order from Continuum Green Energy
Senvion India, a wind turbine manufacturer, has announced a new order from Continuum Green Energy for 50 of its recently launched 4.2M160 wind turbine generators.
Megha Engineering to develop 4-GW pumped storage projects in Maharashtra
Megha Engineering & Infrastructures Limited (MEIL) recently signed a memorandum of understanding (MoU) with the Maharashtra government's Department of Water Resources to develop two pumped storage projects with a total capacity of 4 GW.
US weighs new tariffs on Southeast Asia’s solar panels amid domestic manufacturing push
The US Commerce Department is expected to announce new tariffs this week on solar panels from four Southeast Asian countries, in response to claims by American manufacturers that these imports are unfairly subsidised and harming domestic production.
AfDB approves €6mn for Burkina Faso solar project to boost Sahel energy initiative
The African Development Bank Group has approved a €6mn concessional financing package from the Sustainable Energy Fund for Africa (SEFA), a multi-donor fund managed by the bank, to support Burkina Faso’s Dédougou photovoltaic solar project.
ACWA Power, Sumitomo unite to develop Uzbekistan's largest renewable projects with $4.2bn investment
Energo: ACWA Power, Sumitomo unite to develop Uzbekistan's largest renewable projects with $4.2bn investment
Serbia next in line for Azeri green electricity promised by Romania
Energy ministers of Serbia and Azerbaijan discussed in Belgrade the possibility of Serbia joining the Green Energy Corridor project for the transmission of electricity from the Caspian Sea – a project developed by Azerbaijan, Georgia and Romania.
REM: Only 40% of major companies, cities and regions have emissions targets, warns Net Zero Tracker
Saudi consortium secures $3.2bn funding for major solar projects
A Saudi Arabian consortium has achieved financial close on three solar photovoltaic (PV) projects with a combined capacity of 5.5 GW, valued at SAR12bn ($3.2bn), ACWA Power announced on September 30.
EBRD set to extend $42mn loan to Turkey’s Fiba for solar projects
Iranian businesses warn of electricity shortages
Private sector industry leaders in Iran sounded the alarm over a soaring power deficit next summer amid growing calls for prompt government action to address the shortfall.
Serbia and China's CEIG sign memorandum on energy storage
The Government of Serbia and China Energy International Group (CEIG) signed a memorandum of understanding on strategic cooperation in the energy sector on September 27.
Romania initiates green Samurai bond to complete on October 2
Thailand mulls increasing solar power purchases from households
Thai energy authorities are considering increasing the amount of solar power purchased from households as part of efforts to promote clean energy and encourage the installation of rooftop solar panels
Cambodia approves $5.7bn in clean energy projects
Cambodia's Prime Minister Hun Manet approved 23 clean energy investment projects worth $5.7bn for the period 2024-2029, aimed at boosting the country's share of renewable energy
Indonesia targets 5-GW wind power capacity by 2030 in renewable energy push
The Indonesian government has set an ambitious goal to increase its wind energy capacity by 5 gigawatts (GW) by 2030, leveraging the country's untapped wind resources
Panama unveils 5-year energy policy targeting renewables and regional integration
Panama’s National Energy Secretariat (SNE) unveiled its National Energy Policy for 2024-2029 on September 25, outlining a comprehensive strategy for the country's energy sector.
Turkey, Azerbaijan exploring renewable energy corridor
EBRD on course to extend $30mn loan to Turkey’s Team Agro
Uganda commissions $1.7bn 600-MW Karuma hydropower plant
Egypt free zone authority GAFI urges investors to comply with EU’s new carbon code CBAM
Tunisia prepares comprehensive plan for renewable energy projects
Five British firms begin exploring mineral deposits in Kazakhstan
UAE, Albania to launch major energy projects
Taiwan eases offshore wind regulations to resolve EU disputes
Taiwan's Ministry of Economic Affairs has announced a relaxation of industrial policies concerning offshore wind energy projects as it navigates ongoing disputes with the European Union over local content regulations.
Philippines takes a bold step towards renewable energy with Nakashin Davao solar project
The Philippines is marking a significant advance in its renewable energy landscape as the Board of Investments (BOI) grants registration for Nakashin Davao International Inc.’s ambitious solar photovoltaic (PV) rooftop system project.
Vietnam welcomes US utility AES’ commitment to clean energy partnerships
Vietnam is eager to enhance its clean energy landscape through potential collaborations with Virginia-based AES Corporation, as discussions with Vietnamese utilities such as PV Gas and Vietnam Electricity (EVN) gain momentum.
Thailand to launch second-phase renewable energy scheme
Thailand is set to launch the second phase of its 3.6GW renewable energy scheme in the fourth quarter of this year, following the resolution of a legal dispute related to the first phase.
Korea secures standard design approval for next-gen SMART100 reactor
The Korea Atomic Energy Research Institute (KAERI) has reached a significant milestone with the recent approval of the SMART100 reactor design by the Nuclear Safety and Security Commission (NSSC)
ASEAN Energy Business Forum focuses on regional cooperation, sustainable energy
The 24th ASEAN Energy Business Forum (AEBF-24) opened in Vientiane Capital on September 25 and runs until September 27, drawing policymakers and energy experts from across the region.
NTPC Green Energy, MAHAPREIT to develop renewable energy projects in India
NTPC Green Energy Limited, a wholly-owned subsidiary of Indian state-owned power company NTPC Ltd, has signed a joint venture agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd.
Brazil's $1.3 trillion carbon neutrality challenge
Brazil must invest over $1.3tn from 2024 to 2050 to achieve carbon neutrality, including approximately $500bn in renewable energy and another $500bn in power grids, according to a BloombergNEF (BNEF) report on the country’s energy transition.
El Salvador boosts photovoltaic energy capacity
Global sugar market tightens on Brazil’s drought, shifting focus to Thai and Indian supply
Recent wildfires and drought in Brazil, the world's leading sugar producer and exporter, have sent shockwaves through the global sugar market, increasing the importance of output from Thailand and India.
Mirziyoyev outlines Uzbekistan's growth and development ambitions at AIIB annual meeting
Amazon leads $180mn carbon credit buy
Amazon and five companies have committed to purchasing carbon offset credits valued at approximately $180mn to support the conservation of the Amazon rainforest in Pará.
Czech EPH announces €1.4mn Ebitda in H1
UAE firm Ignite Power signs $24mn carbon offtake agreement with SEFE
JCM Power-led consortium wins bid for Pakistan’s first utility-scale hybrid renewable project
A consortium led by Canada-based renewable energy company JCM Power has been declared the lowest bidder for Pakistan’s first utility-scale hybrid renewable energy project, the company announced on September 25.
IREDA to facilitate foreign-currency loans for Indian export-oriented green energy developers
Indian Renewable Energy Development Agency Limited (IREDA) is working on facilitating foreign-currency loans for export-oriented developers through its subsidiary, IREDA Global Green Energy Finance IFSC Limited, at GIFT City, Gujarat.
Sterling and Wilson Renewable Energy bags orders worth $61mn in India
Sterling and Wilson Renewable Energy Limited, an Indian renewable EPC company, announced on September 24 that it had secured two new domestic orders from private independent power producers (IPPs) valued at approximately INR5.12bn ($61mn).
G7-led effort to phase out coal plants faces delays as Indonesian power deal stalls
Efforts to accelerate the closure of coal power plants in developing nations, backed by G7 countries, have encountered further delays.
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