REM - Renewable Energy
Kazakhstan lines itself up as a future customer for electricity from Tajikistan’s Rogun HPP
UN warns of insufficient action on methane leaks
Governments and companies have been slow to act on methane leaks, despite receiving over 1,200 alerts from a United Nations monitoring programme since its launch last year.
Global energy jobs surge amid clean technology boom, says IEA
Employment in the global energy sector experienced robust growth in 2023, driven by a surge in investment in clean energy manufacturing.
REM: As COP29 winds down, a new analysis says China’s cumulatiuve emissions now worse than EU's
As COP29 winds down, a new analysis says China’s cumulative emissions now worse than EU's
As COP29 nears an end, a new report reveals that China’s cumulative emissions within its borders have surpassed those of the European Union’s 27 member states.
Ukraine unveils $78bn green investment portfolio at COP29
Ukraine presented an ambitious $78bn investment portfolio for green energy projects at the UN COP29 International Climate Conference.
Coal-reliant, “dzud”-vulnerable Mongolia uniquely challenged by climate change, global shift to low carbon economy, says World Bank report
Chile's Environmental Impact Assessment System approves new battery storage system
Chile's Environmental Impact Assessment System (SEIA) has approved the "Battery Energy Storage System – BESS La Isla" project, marking a significant advancement in the country's energy infrastructure.
Biden makes historic Amazon visit, announces new climate funding
Enel reconsiders US solar project, Brazil grid investment confirmed
Brazil unveils new climate targets beyond forest conservation
Brazil has announced expanded climate goals ahead of hosting COP30 in Belem next year, targeting a 59-67% reduction in emissions from 2005 levels by 2035, with the new nationally determined contribution (NDC) broadening its focus beyond deforestation
Eight times more children face exposure to extreme weather disasters in 2050s due to climate crisis – UN
The number of children worldwide exposed to extreme climate events is set to rise eight-fold by the 2050s who will face extreme heatwaves, floods and droughts compared with the 2000s, according to a United Nations report, The Guardian reports.
Eramet to invest $31.7mn in Senegal mine solar project
Southeast Asia expands pumped hydro to boost energy storage
As Southeast Asia rapidly transitions toward renewable energy, countries across the region are investing heavily in pumped hydro energy storage (PHES) to enhance grid stability and support sustainable growth
Ethiopia opens largest solar grid in Somali Region, targets energy access for refugees
Trio come together to develop Thailand-based bio-LNG project
BBGI Public Company Limited (BBGI) has announced a partnership with Keppel Ltd, through its infrastructure division, and CleanEdge Resources Limited (CleanEdge) to jointly develop a Bio-LNG (liquefied biomethane) project in Thailand.
Azerbaijan's electricity output reaches 23.8bn kWh with renewables growth
According to operational data for January-October 2024, Azerbaijan's electricity production reached 23.85bn kWh, reflecting substantial growth fueled by renewable energy advancements
Singapore’s Pluto Renewable Energy backs 100-MW wind power plant in Kazakhstan
Alpha Wind LLP, a Kazakhstan-based entity owned by Singapore’s Pluto Renewable Energy Investment Pte Ltd., has secured a contract to construct a 100-megawatt (MW) wind power plant (WPP) in the Kostanay region.
Indian Railways to conduct first trial of hydrogen-powered train
The Indian Railways is set to conduct its first trial of a hydrogen-powered train next month on the Jind-Sonipat route in Haryana.
Turk Eximbank obtains $100mn 10-year loan from Islamic Development Bank for green transformation and earthquake recovery
TotalEnergies steps up efforts to tackle methane emissions
TotalEnergies announced on November 14 it would intensify its efforts to monitor and reduce methane emissions, aiming for near-zero emissions across all its operated upstream sites by 2030.
Gasum expands biogas operations with new Danish acquisition
Finland’s Gasum has expanded its biogas operations further with the purchase of Danish producer Hærup Biogas.
Cyprus warns against climate policies that impact on competitiveness
Europe has focused too much on reducing its emissions at the expense of economic competitiveness.
Recycling lags for some green energy minerals
According to data released in a new report by the International Energy Agency, the recycling rates of many metals critical for green energy transitions are low and have only risen slowly over the last years.
Carbon Brief releases sixth version of extreme weather event interactive map
As the planet warms and the Climate Crisis accelerates faster than scientists predicted, extreme weather events from floods to fires have turned into an annual disaster season that is only going to get worse.
Colombia calls for climate finance reform amid COP29 tensions
At COP29 in Baku, Azerbaijan, Colombia has emerged as a leading voice, calling for transformative action in climate finance to address the growing threats of global warming.
Sheinbaum advocates global unity and environmental action at G20
Mexican President Claudia Sheinbaum made her international debut at the G20 Summit in Rio de Janeiro, championing bold initiatives on global issues, from environmental restoration to international governance reforms.
KCB Bank Kenya seeks $118mn for climate-smart SME financing
Tunisia's renewable energy potential faces investment hurdles
Lower energy prices dent earnings of Hungary’s leading alternative energy company Alteo
Russia sets out position on climate change at COP29
While climate change ranks low in terms of priorities domestically, Russia sees opportunities in playing a major role in the global energy transition.
ACME Sun Power secure $440mn loan for renewable projects in India
ACME Sun Power Private Ltd, a unit of ACME Solar Holdings Ltd, has secured INR37.53bn ($440mn) in a loan from government-owned infrastructure lender REC Ltd to develop firm and dispatchable renewable energy (FDRE) projects.
EPS first solar power plant to go online in early 2025
Serbia's state-owned electricity producer Elektroprivreda Srbije (EPS) will connect its first solar photovoltaic (PV) park, the 9.75 MW "Petka" facility, to the grid in the first quarter of 2025.
Trump taps fracking CEO Chris Wright as energy secretary, Doug Burgum as interior secretary
President-elect Donald Trump is nominating Chris Wright, a fracking company CEO, as energy secretary. Wright would have to be confirmed by the Senate, which in January will be controlled by Trump’s party, the Republicans.
Pakistan's power generation up 7% in October
Pakistan's power generation reached 10,262 GWh (13,793 MW) in October 2024, marking a 7% year-on-year (y/y) increase compared to October 2023.
Organix Energy, O.Creeds to develop waste-to-renewable natural gas projects in Bangladesh
Canadian renewable energy firm Organix Energy and Dhaka-based consultancy O.Creeds have signed a memorandum of understanding (MoU) to develop waste-to-renewable natural gas (RNG) projects in Bangladesh.
Central European countries least likely in the EU to prioritise climate change
Stark contrast with Southern Europe, where around half of respondents from Bulgaria, Romania and other countries fear they will have to relocate to escape climate crisis, EIB survey shows.
Ukraine plans over 800 MW of wind energy projects for 2025
Ukraine plans to construct more than 800 MW of wind energy generation capacity in 2025, Energy Minister Herman Galushchenko announced on November 14.
ADB approves $100mn loan to spur climate action in Mongolia
Uzbekistan to restrict solar panel imports from 2025, will favour BNEF Tier-1 suppliers
BYD announces launch prices for initial EVs on Turkish market
Slovenian HPP Mokrice advances with new environmental documentation
Slovenia’s power producer Hidroelektrarna na Spodnji Savi (HESS) has submitted updated environmental documentation to Slovenia’s Ministry of the Environment, allowing the long-delayed HPP Mokrice hydropower project to proceed.
Argentina pulls out of Cop 29 summit, favouring oil and gas development
Argentina withdrew its delegation from the UN Cop 29 climate summit in Baku, Azerbaijan, the country’s foreign affairs ministry confirmed.
Saudi ACWA Power to build 2,000 MWh storage systems in Uzbekistan
Voltalia, TAQA Arabia agree with Egypt’s electricity ministry to develop 3GW renewable energy project
Indonesia secures $1.3bn green funding for clean energy development at COP29
Indonesia has secured IDR20.18 trillion ($1.3bn) in green funding to support clean energy development, announced during the UN Climate Summit (COP29) held in Baku, Azerbaijan
India to set up renewable energy task force
Indian Union Minister for New and Renewable Energy, Pralhad Joshi, announced last week that the Indian government will establish a dedicated task force to achieve the target of 500 GW of renewable energy capacity by 2030.
India to drive 25% of global energy demand growth, says minister
India is projected to account for 25% of the global increase in energy consumption over the next two decades, Petroleum Minister Hardeep Singh Puri stated on November 15 at an industry event.
Mongolia’s TDB issues country’s first “social and green” bond for international investors
COP29: Report reveals just 1% of 1,200 UNEP methane alerts triggered action
Governments and companies unresponsive even though emissions of the gas represent “low-hanging fruit” in climate crisis fight.
Iranians use ‘three times’ more power than Europeans
Iranian President Masoud Pezeshkian called on citizens to cut back on energy consumption, claiming that the country used “three times more electricity” than European nations.
Brazil Senate approves carbon market bill, GDP to grow 5.8% by 2040
The Brazilian Senate has approved a bill establishing a carbon market, granting the federal government authority to set limits on greenhouse gas emissions.
South Africa to receive $420mn loan from France to support its decarbonisation agenda
Iraq launches provincial climate action capacity-building project
Kenya defers some renewable energy proposals until 2043 to avoid spike in electricity costs
Egypt signs two MoUs to produce 5,200 MW of wind and solar energy
COP29: six more countries pledge support for tripling global nuclear energy capacity by 2050
Kazakhstan’s GDP could decline 1.3% by 2060 if climate change floods remain unaddressed, warns ecology minister
Kazakhstan shares plans on regulatory measures aimed at reducing methane and non-CO2 emissions
Profit of Romania’s Hidroelectrica plunges by one third on lower output
Hidroelectrica (BVB: H2O), Romania’s largest energy producer, reported a 22% y/y decline in electricity output to 11.35 TWh for January-September, attributing the drop to regulatory changes and adverse hydrological conditions.
Singapore to reach peak emissions in 2028
Singapore has set a timeline to reach peak greenhouse gas emissions of 64.43mn tonnes (Mt) in 2028, according to its first biennial transparency report submitted to the United Nations on November 11, coinciding with the COP29 climate conference.
SRE takes bold step forward with 800 MW offshore wind project in Taiwan
Synera Renewable Energy Group (SRE Group) has formally submitted the administrative contract for the 800 MW Formosa 6 offshore wind project to Taiwan's Energy Administration.
India’s Adani plans $10bn investment in US energy security, resilient infrastructure projects
India’s Adani Group is planning to invest $10bn in US energy security and resilient infrastructure projects, president Gautam Adani said on November 13 in a post on social media platform X.
Bosnia to build 46km transmission line for Siroka Draga wind park
ADB unveils Glaciers to Farms response to accelerating glacial melt in Central Asia, South Caucasus and Pakistan
South African Revenue Service seeks contractors to build solar systems at its office network
EBRD lends €5mn to Raiffeisen Bank Kosovo for on-lending to MSMEs
Azerbaijan calls at COP29 for global efforts to save small island states
The UN has repeatedly tried to draw the world’s attention to the plight of small island states as the climate crisis worsens.
Azerbaijan’s president blasts Western "hypocrisy" in combative COP29 speeches
Ilham Aliyev lashes out at France and other Western countries after criticism of COP29 host Azerbaijan over environmental and human rights record.
Albania partners with UAE's Masdar for gigawatt-scale green projects
Agreement aims to help Albania become more energy independent and reduce reliance on coal-heavy electricity imports.
Croatia secures €170mn for sustainable tourism loans
Croatia targets 42.5% renewable energy by 2030, PM says at COP29
INOX Wind secures 87-MW wind turbine order in India
Inox Wind Limited (IWL) on November 12 announced it had won an 87 MW order from Continuum Green Energy, a leading company in the renewables sector.
Brazil urges countries to set ambitious climate targets
Brazil aims to slash greenhouse gas (GHG) emissions by 67% by 2035, compared with 2005 levels, and its Environment Minister Marina Silva has urged other countries to follow suit.
Petrobras reports higher profits, drops plan to sell biofuels unit
Petrobras reported third-quarter net profit of $5.7bn (BRL32.6bn), higher than has been expected. This was a climb of about 22%. It also announced $3bn for shareholder dividends, again higher than the $2bn expected.
Indonesia's PLN partners with Huawei and SDIC Power to advance renewable energy
Indonesia’s state-owned electricity company, PLN, has signed a memorandum of understanding (MoU) with China’s Huawei and SDIC Power to support the country’s journey toward energy independence and renewable energy development.
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