REM - Renewable Energy
EBRD to provide €50mn loan to Kosovo for energy efficiency projects in public buildings
The European Bank for Reconstruction and Development (EBRD) announced plans on October 9 to provide a sovereign loan of up to €50mn to Kosovo for energy efficiency projects.
Serbia and UGT Renewables to sign 1-GW solar deal
Serbia is poised to finalise a contract with US-based company UGT Renewables for the construction of solar parks with an installed capacity of over 1 GW, President Aleksandar Vucic announced on October 7.
REM: IFC provides €500mn green loan to Engie
IFC provides €500mn green loan to Engie
France’s Engie has been granted a landmark sustainability-linked green loan worth €500mn from the International Finance Corporation.
Kenya to cooperate with Russia to develop nuclear and renewable energy sectors
Kenya will increase collaboration with Russia to develop its nuclear and renewable energy industries, Kenya’s Ambassador to Russia stated at a forum held in the Russian city of Stavropol on October 4-5.
North Africa could supply 24GW of electricity to Europe via subsea links
North Africa has the potential to deliver up to 24 GW of electricity to Europe, some 6% of its total needs currently produced by fossil fuels, through subsea interconnections, according to forecasts by Rystad Energy, Renewables Now reports.
The world add 670GW of new renewable capacity in 2024, almost on track to triple green power generation
The world will add a huge 670 GW of new renewable capacity in 2024, bring government a step closer to the COP28 goal of tripling renewable generation capacity, the International Energy Agency (IEA) said in a report.
Estonia breaks ground on Europe’s biggest battery park
Estonia has broken ground on a huge battery park just outside the capital Tallinn, which is expected to play a key role in the Baltic countries’ grid synchronization with the rest of Europe.
Romanian minister says EDF and Itochu interested in €1bn pumped hydropower plant project
The companies Itochu from Japan and EDF from France are interested in the Tarniţa-Lăpuşteşti pumped-storage hydropower plant project in Romania and are reportedly willing to carry out the feasibility study at their own expense.
India’s top miner Hindustan Zinc to switch to green energy in five to seven years
India’s largest miner Hindustan Zinc will complete its energy transition to renewable energy in seven years at the latest, the firm’s Chairperson Priya Agarwal stated.
Onagawa nuclear power plant set for historic restart after 12-year hiatus
Tohoku Electric Power Co. has announced that the No. 2 reactor at the Onagawa nuclear power plant is poised to restart later this month, marking a significant milestone in Japan's energy landscape.
India needs to accelerate wind energy deployment to achieve target of 122 GW by FY2032: report
India must accelerate its wind energy deployment by 22% annually to achieve its target of 122 GW of wind capacity by the 2031-32 financial year, according to a report by think tank Ember, published on October 8.
Avaada Group lays foundation for $1.63bn renewables energy plant in India
Avaada Group has officially laid the foundation for its INR136.5bn ($1.63bn) renewable energy plant in Nagpur, Maharashtra, India.
Uzbekistan’s energy minister speaks out against coercive tactics in securing solar panel installations
ExxonMobil scraps plans for UK CO2 pipeline
ExxonMobil has abandoned plans to lay a pipeline to transport CO2 from its Fawley oil refinery near Southampton to a storage site under the English Channel.
EBRD helping to decarbonise construction and introduce sustainable office building standards in Mongolia
Iran carrying out 14 mega-projects to narrow power deficit
The Iranian Energy Ministry has drawn up a comprehensive plan to tackle a growing electricity shortage.
Extreme climate changes are depressing crop yields
Crop yields have risen in recent years, but they would have risen more if temperatures were not so high thanks to global warming. And the point where yields peak and then start falling, increasing food insecurity is not that far away.
International consortium should build Kazakhstan’s first nuclear plant, says president
Move in wake of atomic energy referendum “Yes” vote could rile Moscow if main contractor status does not go to Russia’s Rosatom.
BlueFloat Energy forms strategic partnerships in Taiwan’s growing offshore wind sector
BlueFloat Energy is making significant strides in Taiwan's burgeoning floating offshore wind industry by forging crucial collaborations with the Ship and Ocean Industries R&D Center (SOIC) and the CR Classification Society.
India's Matrix Gas & Renewables plans $119-$143mn IPO
India's Matrix Gas & Renewables aims to raise INR10-12bn ($119-$143mn) via an initial public offering to fund its green hydrogen projects.
Investments totalling $220mn committed to Indian biogas sector during REI Expo 2024
Investments totalling INR18.5bn ($220mn) have been committed to India's biogas sector during the Renewable Energy India (REI) Expo 2024, held from October 3-5 in Greater Noida.
Cambodia prioritises clean energy development for sustainability goals
Cambodia's government is prioritising the development of clean and renewable energy as part of its broader sustainable development goals
India's renewable energy capacity up 175% since 2014, minister says
India’s renewable energy capacity has surged by 175% since 2014, growing from 75 GW to over 208 GW, Pralhad Joshi, Indian Minister of New and Renewable Energy, said during his keynote address at the Hamburg Sustainability Conference in Germany.
Biofuel breakthrough for Turkish maritime sector
Kyrgyzstan facing growing winter power shortfall as demand growth outpaces investment plans
Though water levels are up at hydropower reservoirs, hot summer was a big drain on electricity reserves as air conditioners were cranked up.
Tatneft launches CO2 injection in Tatarstan
Tatneft has become the first company in Russia to inject large volumes of CO2 into a well with a high water cut for storage.
Patent issued to Turkmen scientists for unique material based on blue-green algae used to combat desertification
Istanbul-listed refiner Tupras invests in two green hydrogen startups based in US and Canada
Mining for coal is far more resource-intensive than generating energy from renewables
Mining for coal is far more resource-intensive than generating energy from renewables or nuclear power, Our World in Data reports.
Nearly 70% of Kazakh voters support nuclear power plant construction, exit poll at referendum shows
Nepal to supply power to Bangladesh via India
India, Nepal, and Bangladesh have signed a trilateral agreement to export 40 MW of electricity from Nepal to Bangladesh via India’s power grid.
GAIL, AM Green to develop green energy projects in India
Indian gas company GAIL (India) Limited and Hyderabad-based energy transition solutions provider AM Green (AMG) signed a memorandum of understanding (MoU) to develop sustainable energy solutions in India, the companies announced on October 4.
Singapore eyes role in global nuclear fusion push
As Singaporean firms explore solutions to key challenges in nuclear fusion, Britain is seeking research and commercial partnerships with local organisations to bolster its own fusion energy initiatives
Vale, GEP mull joint green hydrogen projects in Brazil
Brazilian mining major Vale has signed a deal with European hydrogen firm Green Energy Park (GEP) to explore green hydrogen production opportunities in Brazil
Pakistan to set up 1.2-GW solar power plant
The government of Pakistan has decided to set up a 1.2-GW solar power plant in the public sector as part of efforts to boost the share of renewable energy in the country's energy mix.
Floods kill at least 18 in Bosnia
Heavy rainfall flooded areas of Bosnia and Montenegro, killing at least 18 people and leaving dozens still missing.
South African integrated PGM miner Northam concludes deal for 80-MW solar plant in Limpopo
Indian PM Modi inaugurates compressed biogas plant in Jharkhand
Indian Prime Minister Narendra Modi on October 2 inaugurated GAIL (India) Limited's compressed biogas (CBG) plant in Ranchi, the capital of the state of Jharkhand.
Reliance Group to develop hydro, solar power projects in Bhutan
Anil Ambani-owned Reliance Group has signed a deal with Druk Holding and Investments Ltd. (DHI), the commercial and investment arm of the Bhutanese government, to develop solar and hydroelectric projects in Bhutan, the company announced this week.
Kundan Green Energy starts hydropower plant in India's Himachal Pradesh
New Delhi-based Kundan Green Energy on October 3 announced the start of commercial operations at its hydropower plant at Luni in the Indian state of Himachal Pradesh.
Lula approves $3.3bn boost for green hydrogen
President Luiz Inácio Lula da Silva approved a law granting R$18.3 billion ($3.33bn) in tax incentives for green hydrogen production and purchase, according to the Official Gazette.
Moscow presents an analytical report on Russia’s leading cities' climate agenda
The analytical report on the "Climate Agenda of Russian Cities" was presented by Moscow Deputy Mayor Maria Bagreeva at the Russian Energy Week 2024, on October 3.
Energo: Kazakhstan faces its nuclear moment of truth
Kazakhstan faces its nuclear moment of truth
Strong opinions on both sides as nation with dark memories of Soviet bomb testing gears up for weekend referendum on whether to exploit its uranium to secure energy future.
Slovenia plans to build 63 MW wind farm in Ilirska Bistrica
Slovenia plans to build a wind farm in the Ilirska Bistrica region with a total capacity of 63 MW, the Ministry of Natural Resources and Spatial Planning announced on October 2.
Kazakhstan’s nuclear power plant referendum – a precursor to woes or energy salvation?
No-one expects the government to “lose” the October 6 vote. And, as things stand, Russia can be expected to win the deal for NPP delivery.
Urgent action needed to accelerate South Africa’s renewables rollout, says energy minister
South Africa’s public system for sourcing renewable energy from independent power producers (IPPs), initially praised when launched in 2011, has become outdated, says Electricity and Energy Minister Kgosientsho Ramokgopa.
Vietnam seeks to complete transmission line for electricity imports from Laos
Vietnam is intensifying efforts to complete the 220kV Nam Sum-NNong Cong transmission line project by October to facilitate electricity imports from Laos and meet rising demand in northern provinces
Bến Tre province aims to boost renewable energy development
Developing wind power projects will be a key driver for Bến Tre Province's socioeconomic development, according to Permanent Deputy Prime Minister Nguyễn Hoà Bình
Taiwan’s industrial electricity rates set to soar amid financial turmoil
Beginning October 16, industrial electricity rates in Taiwan will rise by an average of 12.5%, following significant financial losses at the state-run Taiwan Power Company (Taipower).
Patrizia and Mitsui make solar waves in the Philippines
Investment management firm Patrizia, in collaboration with Mitsui & Co, is making a significant entrance into the Philippine solar photovoltaic (PV) market through binding agreements to acquire a stake in BEI
South Korea's nuclear dilemma: energy crisis looms amid shutdowns
As South Korea grapples with the implications of a phased nuclear power reduction, concerns over future energy security are intensifying.
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