REM - Renewable Energy
Uruguay and Germany collaborate on green hydrogen research projects
Uruguay’s National Agency for Research and Innovation (ANII) has launched a call for funding proposals for two applied research projects focused on green hydrogen and related technologies in collaboration with Germany.
Energy initiatives dominate Argentine mergers and acquisitions, say PwC and KPMG reports
Argentina's mergers and acquisitions market is predominantly driven by energy transition initiatives in 2024, with mining and metals companies playing a pivotal role in the sector's sustainable transformation, reports from PwC and KPMG found.
Ecuador grants environmental licences to four photovoltaic energy projects
Ecuador has granted environmental licenses for four major photovoltaic projects in Imbabura province, with a combined capacity of 300 MW, President Daniel Noboa announced.
Chilean renewable energy adoption skyrocketed by 68% in 2023, report finds
Chile's renewable energy adoption saw significant growth in 2023, with the National Electric Coordinator reporting 206 contracts between generators and free clients, marking a 68% increase from 2022's 177 contracts.
Bolivia’s push for renewable energy and green hydrogen
Bolivia is gearing up to become a regional leader in renewable energy, with a particular focus on green hydrogen.
Peru's solar potential higher than Germany, energy minister says
Despite Peru’s significant solar potential, surpassing that of Germany, the country faces major obstacles in capitalising on this opportunity.
Global CO2 emissions from forest fires have increased by 60% in 23 years
Global carbon dioxide emissions from forest fires have surged by 60% since 2001, with emissions nearly tripling in some of the most climate-sensitive boreal forests, according to a new study published in the journal Science.
Scatec ASA of Norway secures $170mn to build 103MW battery energy storage project in South Africa
US okays huge advanced geothermal project
The Biden administration has okayed a large advanced geothermal energy project in Utah.
Adani Green Energy reports 39% jump in Q2FY25 profit
Adani Green Energy, India's leading renewable energy company, reported a net profit of INR5.15bn ($61mn) for the quarter ending September 2024 (Q2FY25), marking a 39% year-on-year (y/y) increase.
Tunisian government tenders for 200 MW of solar projects
EBRD grants €31.6mn loan for new solar plant in Croatia
Samart Group ventures into green tech and carbon credits
Samart Group is expanding into green tech energy and carbon credit businesses to capitalise on these global megatrends
Singaporean investment company Temasek shifts focus to sustainable investments
Temasek, Singapore's state investment company, is prioritising businesses with robust decarbonisation strategies and sustainable practices as part of its long-term growth strategy.
Singapore greenlights solar power imports from Australia
Singapore’s Energy Market Authority (EMA) has granted conditional approval for Sun Cable’s proposal to import 1.75GW of low-carbon electricity from Australia
Colombo secures $30mn ADB grant for hydroelectric project
The Asian Development Bank (ADB) has approved a $30mn grant to Sri Lanka to complete the Moragolla hydroelectric project and further develop renewable energy initiatives.
Uzbekistan's electricity output rises 4% y/y to 60bn kWh in 9M24
Global electricity demand is surging faster than expected, warns IEA
The International Energy Agency (IEA) suggests that global electricity demand is surging faster than expected and that keeping climate change in check may thus become harder.
Egypt halts 1.15GW of thermal power capacity since October 2023 to support green projects
DH Ceylon Energy to develop 110-MW solar power project in Sri Lanka
DH Ceylon Energy, the subsidiary of Ceylon Energy and DH Energy (SG) Pte. Ltd Singapore, has signed a 110-MW solar power project in Sri Lanka, Ceylon Energy said last week.
IREDA talks about role of renewable energy in India’s journey towards net-zero power sector
Pradip Kumar Das, chairman and managing director of the Indian Renewable Energy Development Agency Limited (IREDA), on October 21 talked about the critical role of renewable energy in India’s journey towards a net-zero power sector.
Taiwan taps into geothermal potential with first deep well drilling
Taiwan's CPC Corp. in partnership with Academia Sinica, has embarked on an ambitious project to drill the country's first deep geothermal well in Yilan County's Yuanshan Township.
South African company investing $74mn in two local solar farm projects to provide 40% cheaper power
Uzbekistan to launch $1.3bn waste-to-energy project with China, UAE and South Korea partners
Turkey requires $108bn to quadruple wind, solar capacity by 2035, says energy minister
Oil giants boost green investments in Brazil
Global oil companies have significantly increased their investments in Brazil's renewable energy sector, aiming to support the global decarbonisation effort.
Brazil's solar jobs up 264K in 2023
Brazil had approximately 1.57 million renewable energy jobs in 2023, with 264,000 in the solar sector, according to the International Renewable Energy Agency (IRENA) report.
Egypt cuts renewable energy target for 2040 from 58% to 40%
360Energy completes construction of solar complex in Nonogasta, Argentina
Argentine energy company 360Energy announced that it completed the La Rioja Solar Complex in Nonogasta, contributing to the progress of the country's renewable energy sector.
South African power utility Eskom plans for 2,000-MW renewable energy projects
Dan Marokane, CEO of South Africa’s state-run power utility Eskom, has announced that the company is set to become a significant player in the renewable energy space by procuring 2,000 MW of clean energy over the next two to three years.
Soleos Energy, Melci Holdings to collaborate on 200-MW solar project in DRC
Soleos Energy, an Indian renewables developer company, in collaboration with Melci Holdings, a local electrical engineering firm in the Democratic Republic of Congo (DRC), has announced the development of a 200-MW solar photovoltaic (PV) project
United Tractors buys geothermal firm to expands into renewable energy and mining
United Tractors (UNTR), a subsidiary of Astra International (ASII), has completed its $80.58mn (approximately IDR1.25 trillion) acquisition of Supreme Energy Rantau Dedap, a geothermal company.
World Biogas Association India Congress 2024 to be held in New Delhi
The World Biogas Association (WBA) last week said that the World Biogas Association India Congress 2024 will take place from October 23 to 24 in New Delhi.
Morocco inaugurates $325mn wind farm in Essaouira province
Morocco's state power utility the National Office of Electricity and Drinking Water (ONEE) has inaugurated the 270-MW Jbel Lahdid wind farm in Essaouira province
Biggest three Estonian energy firms bag nearly third of €75.6mn 2023 renewables subsidies
In 2023, nearly one-third of the €75.6mn in renewable energy support in Estonia was allocated to three major companies: Enefit Wind, Enefit Green, and Utilitas Tallinna Elektrijaam.
EV sales jump 2.4-fold in Uzbekistan
EBRD loans Turkey’s TSKB €100mn for “green economy” on-lending
NIS invests RSD144.5mn in green energy projects across Serbia
Serbia’s state-owned oil and gas company, NIS, announced on October 18 an investment of RSD 144.5mn in green energy projects, as part of its social responsibility program “Together.”
Chinese firm acquires battery material factory in Konin, Poland
Ningbo Ronbay New Energy Technology, a leading Chinese producer of cathode materials, has acquired an under-construction battery materials plant in Konin, Poland, from British firm Johnson Matthey.
Half the world’s food production at risk due to mounting water crisis
More than half of the world’s food production is at risk of failure within the next 25 years as a rapidly worsening water crisis threatens global agricultural systems, according to a new report.
From coal to clean: The green energy transition in SE Asia
As the world grapples with the urgent challenges posed by climate change, the shift to clean energy is no longer a luxury-it is a necessity. Southeast Asia, with its vibrant cultures and rapidly growing economies, is stepping up to this challenge.
Cambodia doubles down on power infrastructure development
Indonesia’s Elnusa drives geothermal innovation
PT Elnusa Tbk (ELSA), through its subsidiary PT Sigma Cipta Utama (SCU), is advancing the development of renewable energy by introducing Geoflowtest technology in collaboration with Pertamina Geothermal Energy (PGE) at the Karaha and Ulubelu areas.
Brazil's solar transactions top 500 MWp in Q3
Twenty photovoltaic plants with a total capacity of 515 MWp were negotiated between July and September, an 89% increase in transactions compared to the same period last year.
Singapore's Sembcorp bags 150-MW wind-solar hybrid power project in India
Sembcorp Industries, through its wholly-owned renewables subsidiary, Sembcorp Green Infra Private Limited, has received a Letter of Award (LOA) for a 150-MW Inter State Transmission System (ISTS) connected wind-solar hybrid power project in India.
Asian Battery Metals reports “encouraging” copper and gold results at Copper Ridge, Mongolia
Ecuador grants licences for new solar and hydroelectric projects amid power crisis
Ecuadorian President Daniel Noboa has granted environmental licenses for two hydroelectric plants and four solar energy projects as the country grapples with severe power shortages, the government announced on October 16.
Tashkent region kicks off $2bn of development projects
Kenya's Octavia secures $3.9mn to remove carbon dioxide from air
South African renewables firm Grid Africa gets $2.8mn to invest in green energy projects in-country
Kazakh government approves plan for infrastructure projects and reforms through to 2029
Three Chinese energy firms to install 2.6GW of renewable energy capacity across Kazakhstan
Romania’s Hidroelectrica unveils four-year, €280mn investment plans
Romanian hydropower group aims to spend €281mn on upgrades, modernisations and acquisitions.
Petrobras to launch pioneering green hydrogen plant
Brazil’s national oil company (NOC) Petrobras is set to construct its first pilot plant for renewable hydrogen generation at the Vale do Açu Thermoelectric Power Plant in Alto do Rodrigues, Rio Grande do Norte.
Taiwan to pioneer geothermal and hydropower for a sustainable future
Taiwan is gearing up for its "second energy transition," with a renewed focus on geothermal energy and small hydropower as key components in achieving its ambitious net-zero target by 2050.
EEX, IGX and GIZ to jointly develop hydrogen trading market in India
The European Energy Exchange (EEX) and the Indian Gas Exchange (IGX), in collaboration with the Gesellschaft für Internationale Zusammenarbeit (GIZ), will jointly promote the development of the hydrogen trading market in India.
Bhutan, Nepal seek Indian investment in hydropower
Nepal and Bhutan are seeking Indian investment to develop their hydropower sectors, with plans to export surplus electricity to India.
India unveils national electricity plan
The National Electricity Plan (Transmission) was a key focus of the two-day brainstorming session on the Indian Power Sector Scenario 2047, addressed by Union Minister for Power and Housing & Urban Affairs, Manohar Lal Khattar.
Malaysia’s Cypark Resources set to gain from $928.8mn renewable energy project in Melaka
Cypark Resources Bhd is poised to be a key player in a MYR4bn ($928.8bn) renewable energy initiative in Melaka, thanks to its 29% stake in the project.
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