REM - Renewable Energy
GGIP moving ahead on schedule as Qatar enters solar effort
TotalEnergies is on schedule on Iraq’s GGIP, with QatarEnergy acquiring a stake in the associated solar project
IFC allocates $240mn to support ACWA Power's renewable energy initiatives in Uzbekistan
Brazil's larger support for fossil fuels jeopardising renewable energy push, says study
Brazil spent BRL99.8bn ($17.49bn) on energy subsidies in 2023, with fossil fuel support outpacing renewable energy by 4.5 times, according to a new study by the Institute of Socioeconomic Studies (Inesc).
Petrobras to invest $10.5mn in wind measurement technology
Brazil’s national oil company (NOC) Petrobras has committed $10.5mn to expand its offshore wind measurement capabilities through new BRAVO buoy deployments.
Colombia unveils world’s first biodiversity bonds at COP16 in bold bid to save ecosystems
During COP16 in Cali, Colombia showcased new finance strategies to tackle biodiversity loss, positioning itself as a leader in innovative funding models for conservation.
NeoElectra Group acquires Teatinos to expand Chilean photovoltaic energy presence
Spanish firm NeoElectra Group announced that it has expanded its Chilean presence through the acquisition of Teatinos, owner of the 1.4 MWp Cordillerilla photovoltaic plant in Chile's Curicó Maule region.
Turkey’s Enerjisa Uretim obtains $1bn 10-year syndicated loan for 750 MW of wind projects
Zimbabwe to add 2,700 MW to the grid by December 2025, "almost forever" overcoming scheduled blackouts
Germany approves proposals for hydrogen pipeline system
Germany’s Federal Network Agency (Bundesnetzagentur) this week approved the hydrogen core pipeline network which was proposed by the country’s gas transmission system operators earlier this decade.
Kenya, Bavaria deepen partnership on renewables, hydrogen and fertiliser production
Kenya and Bavaria, Germany’s economically strongest region, are advancing their bilateral relations with a focus on renewable energy, hydrogen production and fertiliser development
Abu Qir Fertilisers awards $1.8mn contract to AOI to install 2.5MW solar power plants
Interview: Policy support, energy transition goals driving India towards renewable future
Strong policy support by the government and energy transition goals are the primary factors driving India towards a renewable future, Vikram V, Vice President & Co-Group Head - Corporate Ratings, ICRA Limited says.
UK renewables-focused independent power producer Solarcentury begins constructing 20MW solar plant in Namibia
Amazon India, HPCL to develop low carbon transportation solutions in India
Amazon India and Indian state-owned energy company Hindustan Petroleum Corporation Limited (HPCL) have partnered to advance the development and use of low-carbon fuels (LCFs) for long-haul transport in India.
Onagawa nuclear power plant resumes operations
Solar financing soars as energy bills spike in Brazil
Brazil's recent surge in electricity prices, marked by a shift to the highest-cost "red flag 2" tier in October, has spurred a rise in financing for solar panel installations across the country.
China’s Sany Renewable Energy secures wind turbine contracts in India
China’s Sany Renewable Energy recently finalised wind turbine sales agreements with three subsidiaries of India’s JSW Group for a total capacity of 1,324 MW, alongside an additional 300-MW contract with Sembcorp Limited’s Indian subsidiary.
Tata Power Renewable Energy, IndusInd Bank to finance solar projects in India
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Mumbai-listed Tata Power, announced on October 29 its partnership with IndusInd Bank to provide solar financing solutions for micro and small enterprises (MSEs).
Neste scraps electrolyser project at Finnish refinery
Finland’s oil refining and marketing company Neste has chosen to reassess its renewable hydrogen ambitions owing to "challenging market conditions and financial performance," leading it to withdraw from a planned 120-MW electrolyser project.
Equinor mulls scaling back investments in renewables
Equinor announced on October 24 that it might scale back its planned investments in renewable energy by 2030.
Big Tech-fuelled nuclear revival poised in US, but there are risks
Power-hungry Big Tech is pushing for a nuclear revival in the US to fuel data centres with their increasing appetite for electricity because of AI searches, which require as much as 10 times the energy of a standard Google query.
Planet-heating emissions reach new record in 2023, says WMO report
Greenhouse gas levels surged to a new record in 2023, committing the planet to rising temperatures for many years to come, according to a report from the UN’s World Meteorological Organisation (WMO).
PPC to take over Europe’s biggest onshore wind farm in Romania
PPC, Greece's leading electricity producer and supplier, has been expanding in Southeast Europe, including Romania.
UN says Earth on track to heat to a dangerous 3.1°C
Global heating may rise to 3.1°C by the end of the century if policy action stays the same, says a new annual UN Emissions Gap report. That is an eye-popping 5.6°F.
South African LNG, helium producer Renergen in land dispute with local solar project
Mexico’s renewable energy push stirs investment debate
At COP29 in Baku, Sheinbaum seeks to reaffirm Mexico’s renewable goals, pledging a 45% clean energy shift by 2030. Yet, constitutional reforms prioritising Pemex and CFE over private investors have sparked serious industry concerns.
Islamic Development Bank’s ICD extends €15mn loan to Turkey’s Sampa for 21-MW solar investment
Indonesia's wood pellet exports to Japan, South Korea raise deforestation concerns
Heavy trucks line the coast of Indonesia's Sulawesi Island, loading wood pellets for export to Japan and South Korea, produced by PT Biomasa Jaya Abadi (BJA).
ADB grants $434.25mn loan to boost renewable energy in India's Assam
The Asian Development Bank (ADB) has approved a $434.25mn loan to boost renewable energy capacity and strengthen energy security in Assam, India, it said last week.
ASX-listed Asian Battery Metals announces outstanding copper-nickel discovery in Mongolia
Norwegian Statkraft to divest Croatian assets
Gazprom to untap Eastern Siberian "white" hydrogen potential
Gazprom is assessing the potential for extracting natural, so-called “white” hydrogen from its natural gas fields in Eastern Siberia, the head of the Russian state company’s hydrogen-focused subsidiary said at a conference in Moscow.
Turkmenistan cuts methane emissions by 10% in 2020-23
Turkmenistan managed to reduce its methane emissions by 10% in 2023 versus the level three years earlier.
Hybrid, EV investments top $11bn in Brazil
In five years, sales of electric and hybrid vehicles in Brazil are expected to exceed those of combustion-engine models, driven by significant investment and government incentives.
South Africa closes in on guarantees for green transition financing under a $9.3bn global pact
Solex Energy, State Bank of India to finance solar projects across India
Solex Energy has joined forces with the State Bank of India (SBI) to offer financing options for solar projects across India, Solex announced on October 26.
NTPC, Indian Army to establish solar hydrogen-based microgrid in Ladakh
Indian state-owned power company NTPC has partnered with the Indian Army to establish a solar hydrogen-based microgrid in Chushul, Ladakh, the government of India announced on October 25.
Taiwan sets ambitious carbon targets to tackle climate change
Taiwan is set to redefine its carbon reduction strategy as it gears up for a more ambitious approach to achieving net-zero emissions.
GAIL, Verbio to develop bio-CNG projects in India
GAIL, a state-owned gas company, and Verbio India, a subsidiary of the German biofuels firm Verbio, have signed a memorandum of understanding (MoU) to jointly develop agricultural residue-based compressed biogas (CBG) or bio-CNG plants in India.
Costa Rica approves 78 MW solar plant in Puntarenas
Costa Rica's state electricity utility ICE has approved construction of a 78-megawatt solar power plant in Puntarenas province, advancing the country's renewable energy expansion.
Kenya launches $90mn geothermal plant, expanding renewable energy hub at Menengai field
OrPower 22, owned by China’s Kaishan Group Co. Ltd., broke ground on a new geothermal power plant in Kenya’s Menengai field, marking the latest phase in Kenya's ambitious energy development plan
Serengeti Energy to develop 50-MWp solar farm in Northern Côte d'Ivoire
Kenya’s Serengeti Energy, an independent power producer, will develop a 50 MWp solar farm in northern Côte d’Ivoire, marking the company’s first project in the country.
Iran eyes Chinese investment to develop renewables
Iran's Energy Minister Abbas Aliabadi said he had wooed China to invest in the country's renewable energy sector during his recent visit to the Chinese city of Qingdao.
Czech coal magnate Tykac to finance ex-president Klaus' climate sceptic think-tank
Czech society continues to have ambivalent attitudes towards climate change.
India eyes small modular reactors to boost clean energy transition
The government’s strategy has identified the role of nuclear power in the overall energy mix and new technologies such as small nuclear reactors (SMRs) to make the clean energy transition.
NLC India signs energy joint venture agreements with Rajasthan
Indian government-owned NLC India has entered into joint venture agreements for formation of two joint ventures with Rajasthan state government-owned Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL).
Montenegro’s EPCG to invest €300mn in green energy projects
Chile's Environmental Assessment Service approves new energy storage project
Chile's Environmental Assessment Service has given the green light to Biwo Renovables' Environmental Impact Statement for a new energy storage project in the Maule region.
Sembcorp and PT PLN Indonesia partner on Southeast Asia's largest green hydrogen project
Sembcorp Industries, via its subsidiary Sembcorp Utilities, has entered into a joint development agreement (JDA) with PT PLN Energi Primer Indonesia, a subsidiary of PT PLN (Persero), to establish a green hydrogen production facility in Sumatra.
Petronas and Japanese consortium advance carbon capture project in Malaysia
A carbon capture and storage (CCS) project by Petroliam Nasional Bhd (Petronas) and its international partners is moving forward, with a consortium of Japanese companies securing the engineering design contract.
Eletrobras, Ocean Winds team up for offshore wind assessment
Eletrobras has partnered with Ocean Winds, a joint venture of Engie and EDP Renováveis, to explore offshore wind energy projects in Brazil.
JSW Energy signs solar PPA with Solar Energy Corporation of India
JSW Renew Energy Eleven Limited, a subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 700-MW solar power project.
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