REM - Renewable Energy
Germany awards 587 MW of solar and storage project in tender
Solar and storage were the big winners in Germany’s innovation tender as Germany’s Federal Network Agency selected 587 MW of combined solar and storage projects.
Serbia signs landmark deal with Hyundai and UGT Renewables
Deal on the construction of solar power plants is a significant step towards boosting Serbia's renewable energy capacity.
Intesa Sanpaolo invests €32mn in renewable energy developer GreenGo
Italian international banking group Intesa Sanpaolo has committed to invest €32.6mn in Italian large-scale renewable energy developer GreenGo.
Fitch affirms Energia Eolica’s $204mn debt at 'BBB-', outlook stable
Fitch Ratings affirmed the ‘BBB-’ rating for Energia Eolica S.A.'s $204mn senior notes, maturing in 2034, with a Stable Outlook.
China's LONGi Hydrogen ships electrolyser equipment for Uzbekistan’s first green ammonia project
Turkey stays out in front as Europe's largest coal-fired electricity producer
Country has surged ahead of Germany and Poland. Generation of inevitable CO2 emissions also up.
Croatia's Una-Mlin hydropower plant permits annulled
Kyrgyz presidential decree orders building of “eco” and “smart” city Asman on shore of Lake Issyk-Kul
Iran aims to add 200MW annually via small thermal power plants
Iran is set to bridge part of its burgeoning electricity shortfall by speeding up the development of small-scale thermal power plants.
North Macedonia’s MEMO takes charge of guarantees of origin registration
North Macedonia electricity market operator, MEMO, announced it has been granted the authority to establish and maintain the register of guarantees of origin.
Sainsbury’s agrees to 15-year wind PPA with Capital Dynamics
UK retailer Sainsbury’s has signed a 15-year wind power purchase agreement with global asset manager Capital Dynamics.
Russia’s Rosatom to support nuclear projects across Africa at AEW2024
Rosatom, now building Egypt's first nuclear power plant, has announced a strong pipeline of projects across Africa, having signed agreements with Burkina Faso, Congo and Guinea while making inroads in Kenya and beyond.
Bulgaria approves energy partnership with Oman
Bulgaria’s government approved on October 15 a cooperation agreement with Oman on the global market of LNG, investments in renewable energy projects and sources for electricity storage, it said in a statement after its regular session.
The government of Armenia has set a goal of tripling solar energy production by 2030
Armenia plans to triple its solar energy production by 2030 to ensure that at least 15% of the country's energy comes from renewable sources, according to Parliament Speaker Alen Simonyan.
Sri Lanka to reconsider approval to Adani's wind power project
Sri Lanka’s new government, led by Anura Kumara Dissanayake, has informed the Supreme Court that it will reconsider the approval granted by the previous administration to India’s Adani Group for a wind power project.
Saatvik Green Energy secures $36mn contract from Maharashtra State Power Generation
Saatvik Green Energy Limited, a prominent Indian photovoltaic (PV) manufacturer, has secured a contract worth INR3.02bn ($36.4mn) from Maharashtra State Power Generation Company Limited (MAHAGENCO) to supply 200 MW of its N-TOPCon 580Wp modules.
EverEnviro, IndianOil to develop compressed biogas projects
Gurugram-based EverEnviro Resource Management has signed a joint venture agreement with the state-owned energy major IndianOil Corporation to promote the adoption of compressed biogas (CBG) across India.
Japan pursues policies for emission reductions with ASEAN, foreign partners
During the last month, Japan has entered new agreements and programmes designed to reduce carbon dioxide emissions in line with policies approved by the government through its Green Growth Strategy launched in October 2020.
Momentum builds for carbon capture and storage with record number of new projects
Carbon Capture and Storage is undergoing extraordinary growth as governments and the private sector both start to adopt the emerging technology as a critical piece of the decarbonisation puzzle.
Alcazar buys rights to major wind and solar projects in Serbia
Luxembourg-based renewable energy investor Alcazar Energy Partners has signed an agreement to acquire development rights for Project Celzijus 1, a 200-MW onshore wind power project located east of Belgrade.
Kyrgyzstan’s giant Kambarata hydro ambition awaits World Bank feasibility, cost updates
To verify cost-effectiveness, estimated price tag of $4.5bn-5bn will be revised in line with latest market situation.
Iran eyes increased electricity trade with neighbours
Iranian energy officials have expressed determination to ramp up electricity swaps with neighbouring countries, including Azerbaijan and Afghanistan.
Neo Energy inks binding deal to acquire 100% of Henkries South uranium project in South Africa
Sonatrach, Cepsa to develop green hydrogen project in Algeria
Gensol Engineering wins rooftop solar project in Dubai
Mumbai-listed Gensol Engineering Limited has secured a contract from a UAE-based clean energy developer to design, construct, and manage the long-term operation and maintenance of rooftop solar photovoltaic (PV) systems.
Indonesia’s biomass push threatens wildlife
Indonesia's efforts to expand the use of biomass in its energy mix and exports are accelerating deforestation, particularly in critical habitats for endangered species such as orangutans, according to a recent report from environmental groups.
JSW Energy pens power purchase agreement with NTPC
Mumbai-listed JSW Energy has signed a power purchase agreement (PPA) with Indian state-owned power company NTPC for a solar capacity of 700 MW, it said on October 14.
India’s total renewable energy capacity crosses 200-GW milestone
According to the Central Electricity Authority, the total renewable energy-based electricity generation capacity now stands at 201.45 GW, the Indian government said on October 14.
Chinese firms mull solar power investment in Cambodia
Six Chinese companies are considering investing in Cambodia's solar energy sector and have sought government support, a Cambodian official said on October 14
Mongolia copper-gold discovery hailed for “globally significant” prospects
Study shows Kharmagtai a world-class asset that could be important provider of energy transition metals as world economy decarbonises and electrifies.
Iran launching energy saving drive to halve consumption by 2041
Iran aims to salvage millions of barrels of crude oil and billions of dollars by implementing short-, medium- and long-term energy saving measures and optimising fuel consumption, the CEO of the state-owned Iran Fuel Conservation Co. (IFCC) said.
World Bank backs Liberia’s first utility-scale solar plant
La Pampa province to construct photovoltaic solar park
The Argentine province of La Pampa launched a tender to build a 15 MW photovoltaic solar park, marking a significant step in its renewable energy expansion.
Mercedes, Raízen team up on Brazil’s NE solar project
Mercedes-Benz Brazil and Raízen Power have partnered to develop the Dunamis solar project in Rio Grande do Norte, which will power Mercedes' factories in Brazil exclusively with renewable energy, the companies announced.
AES submits Chile pv solar park project for environmental assessment
American energy giant AES has submitted its ambitious Oriente Solar Photovoltaic Park project for environmental assessment in Chile.
El Salvador to go nuclear by 2030
El Salvador is setting its sights on a groundbreaking nuclear reactor by 2030.
Global warming will increase crop yields in Global North, but reduce them in Global South
Global warming will increase crop yields in the Global North, largely thanks to increased “carbon fertilisation” and temperature increases towards the optimal for growing crops, but will decrease it in the Global South.
Poland’s new climate and energy plan targets 59% of renewables in energy mix by 2030
Petrobras set to build pilot plant for renewable hydrogen
Petrobras will establish its first renewable hydrogen pilot plant at the Vale do Açu Thermoelectric Power Plant in Alto do Rodrigues, Rio Grande do Norte..
Brazil’s CO2 pledge hinges on ending deforestation
Brazil's commitment to end deforestation by 2030 could remove it from the list of major global emitters and transform it into a net CO2 remover, says climate scientist Carlos Nobre of the University of São Paulo.
India earmarks $60mn for innovative solar rooftop projects
India’s Ministry of New and Renewable Energy (MNRE) announced guidelines on October 8 for the implementation of ‘Innovative Projects’ under the PM-Surya Ghar: Muft Bijli Yojana.
Uzbekistan imports $167mn of EVs in 8M24, almost all Chinese
US, Brazil lead the charge in global carbon capture, but current capacity is a fraction of what’s needed
Brazil and the US have the biggest carbon capture and storage capacity and China is adding at the fastest rate, but the total global CCS capacity is a tiny fraction of what is needed to get to carbon-zero.
BNDES commits $2bn to drive industry decarbonisation
The Brazilian Development Bank (BNDES) is channelling funds to support industrial decarbonisation through strategic mineral and clean energy projects.
South Africa’s project scarcity slows implementation of JETP $9.3bn climate finance pact
Croatia´s Rijeka Gateway to run on 100% renewable energy
Irish firm Mainstream Renewable Power starts building 50-MW solar project in South Africa
Singapore launches initiatives for clean energy adoption
On October 10, Singapore launched the Sustainability Alliance, aimed at helping companies, particularly small and medium-sized enterprises (SMEs), adopt clean energy technologies and reduce waste and greenhouse gas emissions
Hyundai expands hydrogen initiatives with Singapore
Hyundai Motor Group is making significant strides in the realm of sustainable energy and manufacturing by launching a joint research and development initiative with Singapore.
Indian Renewable Energy Development Agency reports 36% jump in September quarter profit
State-owned Indian Renewable Energy Development Agency Ltd. (IREDA) on October 10 reported a net profit of INR3.97bn ($0.05bn) for the quarter ended September 30, up 36.18% year-on-year (y/y).
Suzlon, Jindal Renewables sign wind energy deal
Pune-based renewable energy company Suzlon Group has signed a deal to supply wind turbine generators to JSP Green Wind 1 as part of the 400-MW order for captive consumption in steel plants in the Indian states of Chhattisgarh and Odisha.
ACWA Power signs $150mn financing agreement with AIIB for wind power plants in Uzbekistan
South Africa's Cape Town to build nation's first city-owned utility-scale solar power project
Ukraine to establish Green Transition Office to support national energy and climate goals
Two wind power plants proposed in Albania
Two new wind power projects have been submitted to Albania’s Ministry of Infrastructure and Energy (MIE) for approval.
LBS Bina awards $24.2mn contract to Solarvest for 43-MWp solar farm
Property developer LBS Bina Group Bhd has granted renewable energy firm Solarvest Holdings Bhd a contract worth MYR104mn ($24.2mn) to construct a 43-MWp solar farm in Senawang, Negeri Sembilan
NPCIL plans to build small nuclear plants for private players in India
The Nuclear Power Corporation of India (NPCIL) plans to run small nuclear plants with a capacity of 220 MW for private players.
Mumbai-listed Gensol Engineering's solar EPC order book stands at $500mn
Mumbai-listed Gensol Engineering, a renewable energy firm specialising in solar power engineering, procurement, and construction (EPC) services, announced on October 9 that its solar EPC order book stands at INR40.97bn ($500mn).
Saatvik Solar to supply 213 MW solar PV modules to L&T
Saatvik Solar, an Indian solar PV module manufacturer, has signed a deed with Larsen & Toubro (L&T) to supply 213 MW of solar PV modules, the company announced on October 9.
Experts highlight untapped potential of India’s 10-GW geothermal energy
The 300 hot springs in India with an estimated geothermal energy potential of 10 GW, if fully harnessed, can help fulfil the country's ever-increasing energy demand in an environment-friendly way, said experts at a conference in Pune, India.
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