REM - Renewable Energy
Alberta to challenge Ottawa’s cap on oil and gas emissions
Canada’s oil-patch Alberta will soon challenge Prime Minister Justin Trudeau’s planned cap on oil and gas emissions.
Japarov and Scholz hold talks in Berlin, Kyrgyzstan’s bid to convert public debt into green energy equity on agenda
UN talks start in South Korea on plastics pollution as waste chokes planet
A highly anticipated week of UN talks on plastic pollution has started in Busan, South Korea. The summit is officially called the fifth Intergovernmental Negotiating Committee discussions.
Serbia launches second renewables auction with EBRD support
Serbia launched its second renewable energy auction on November 27, aiming to add 424.8 MW of wind and solar power capacity to its grid.
Turkey showcases renewables ambitions at inaugural “special tour” roadshow event in London
Parkmead mulls ditching UK oil and gas, eyes renewables and international upstream
The UK now levies some of the highest taxes on oil and gas production in the world.
West Australia unveils CCUS Action Plan
The Western Australian government has announced its first carbon capture, utilisation and storage (CCUS) action plan, positioning the state as a global frontrunner in carbon management.
Germany presses on with $18bn gas-fired power plan
German Economy Minister Robert Habeck moved forward on November 22 that will provide some €17bn in subsidies over the next nearly two decades for “hydrogen-ready” natural gas-fired power plants.
TotalEnergies, South African partner Mulilo reach financial close on $412mn of renewable energy projects
Norway pledges $60mn to Brazil's Amazon Fund
Brazilian government unveils $140mn Amazon energy plan
Brazil's Ministry of Mines and Energy has announced a BRL820mn ($140mn) investment package to develop energy access in isolated Amazon communities
INTERVIEW: Black & Veatch well-positioned for growth through energy transition
Global engineering, procurement and construction firm Black & Veatch is well-positioned both in the LNG space and across the broader energy sector to capitalise on the energy transition and ensure the company’s continued growth.
Deforestation in Brazil, Indonesia creates more CO2 emissions than fossil fuels
About 90% of global CO2 emissions come from fossil fuels and industrial processes such as cement making, but in some countries land-use change is a greater contributor.
Shell Malaysia drives solar energy push following climate commitments
Shell Malaysia has announced a groundbreaking solar energy initiative aimed at achieving net-zero emissions by 2050.
Malaysia to start sustainable aviation fuel production by 2027
Malaysia is set to commence production of sustainable aviation fuel (SAF) in 2027, with an initial output of 1mn metric tonnes annually.
Keppel advances Singapore’s energy transition with hydrogen-ready power plant
Singapore infrastructure company Keppel has installed a high-efficiency gas turbine at the Keppel Sakra Cogen Plant, Singapore’s first hydrogen-compatible cogeneration facility
Analysts urge caution on Singapore’s small modular reactor plans
Singapore’s ambition to diversify its energy mix with small modular reactors (SMRs) faces skepticism from experts citing high costs, safety concerns and limited feasibility for the compact city-state,
Thai energy giant PTT setup carbon reduction efforts
Thai energy giant PTT Plc is accelerating its efforts to reduce carbon dioxide emissions by adopting carbon capture technology and exploring hydrogen usage,
Brazil plans $6.88bn investment in green hydrogen by 2025
Brazil is set to launch at least four low-carbon hydrogen projects by 2025, with an investment potential of up to BRL40bn ($6.88bn).
Amara Raja Infra launches India's first green hydrogen station at Leh
Amara Raja Infra has launched India’s first green hydrogen refuelling station in Leh, Ladakh, the company announced on November 25
ADB extends $200mn loan to Sri Lanka for power projects
The Asian Development Bank (ADB) has approved a $200mn loan to upgrade Sri Lanka’s power sector infrastructure, aiming to enhance the reliability of transmission and distribution networks while supporting greater integration of renewable energy.
Türkiye Industrial Decarbonisation Investment Platform launched in push for net zero
North Macedonia gets new eco-bus fleet as fuel crisis causes transport chaos in capital
Most of Skopje's existing buses are out of operation due to a lack of fuel, leaving passengers stranded for hours.
AWS CEO highlights Brazil’s role in renewable energy supply
Amazon Web Services (AWS), which leads the sector with a 31% market share, is prioritising Brazil as part of its renewable energy-driven data centre expansion strategy.
Ukraine to launch several new biomethane plants amid growing market potential
Ukraine is set to expand its biomethane production capacity, with several new plants planned for construction.
Uzbekistan pushes for 450,000 produced cars and $700mn in car exports by 2025 with EV focus
Deforestation drop brings health gains in Brazil
Conservation measures in the Amazon have reduced respiratory health problems in the region, a study by the University of Bonn and the Universidade Federal de Minas Gerais has found.
Germany to invest €200mn in Serbia over two years, most of it in energy
Germany will invest an additional €200mn in Serbia in the next two years, with the majority of the funds allocated to the energy sector, German Ambassador Anke Konrad announced at a conference on green transformation and industrial decarbonisation.
Jordan’s 2024 electricity law to boost renewable energy investments, Fitch Solutions says
Brazil's Bndes to spend $1.2bn on climate projects
Brazil's development bank Bndes will allocate $1.2bn from its Climate Fund to green projects, targeting a reduction of 3.3mn tonnes of CO2 emissions annually.
Brazil’s Gerdau to buy out Japanese partners in wind power venture
Brazilian steelmaker Gerdau is aiming to acquire its Japanese partners' stakes in Gerdau Summit for $32.6mn, which would make it the sole owner of the joint venture focused on wind power components.
Power cuts for domestic sector ended, Iranian minster says
Iran’s Energy Minister Abbas Aliabadi said that planned power outages in the domestic sector had ended after thermal power plants (TPPs) received sufficient liquid fuel.
Brazil powers up its largest microgrid
The State University of Campinas (Unicamp) has launched the CampusGrid microgrid, integrating a 565-kW solar system and a 1-MW battery energy storage system (BESS) with up to two hours of autonomy.
Global mean sea levels have increased by around 25cm since 1880
There are two key drivers of sea level rise. First, water expands as it gets warmer. Second, ice on land – in the form of ice sheets and glaciers – melts and adds water to ocean basins, Our World in Data reports.
Russian climate projects to generate up to 85mn carbon credits
Climate projects that have been included in Russia’s carbon unit registry have the potential to generate 84.7mn carbon credits.
Lax rules agreed at COP29 for global carbon trading market
After failed talks in Azerbaijan at COP29, members did agree, however, to a carbon credit trading market. But it has such broad rules, the system may mean little improvement in emissions – or even higher emissions by buyers.
Philux Global Energy partners with Koastal Eco to boost renewable energy in Malaysia
Philux Global Energy, a subsidiary of Philux Global Group Inc., has signed an agreement with Koastal Eco Industries (KEI), a Malaysian company, to distribute its advanced geomagnetic energy solutions in Malaysia
Kosovo launches procedure for first wind energy auction for 100 MW capacity
Kosovo’s Minister of Economy, Artane Rizvanolli, announced on November 22 that the government has initiated procedures for the country’s first wind energy auction, with a capacity of 100 MW
SJVN to develop renewable energy projects in India's Rajasthan
Mumbai-listed SJVN has entered into a memorandum of understanding (MoU) with the Rajasthan state government to develop renewable energy projects in the state, according to a filing with the stock exchange.
Gwalior hosts India’s first self-sufficient cowshed with bio-CNG plant
n October 2 this year, Indian Prime Minister Narendra Modi inaugurated a 100-tonnes-per-day (tpd) compressed biogas (CBG) plant in Gwalior, Madhya Pradesh, the government announced on November 22.
Hitachi Energy-BHEL consortium bags HVDC project for Gujarat-Maharashtra link
Power Grid Corporation has awarded a consortium of Hitachi Energy India and Bharat Heavy Electricals Limited (BHEL) the contract to design and execute a high-voltage direct current (HVDC) link to transmit renewable energy from Gujarat to Maharashtra.
Auto executive predicts Turkey’s EV sales will top 100,000 this year
Guyana interested in collaborating with India on oil and green energy
India and Guyana are not currently negotiating direct crude oil sales despite growing bilateral energy cooperation, Vice President Bharrat Jagdeo clarified.
Paraguay poised for $700mn investment in green ammonia production
A $700mn investment project by the U.S.-based multinational Go-Energy Group aims to position Paraguay as a global leader in green ammonia production.
Honduras advances clean energy with new development bank loans
Honduras has received a significant boost in its pursuit of clean energy, with the Inter-American Development Bank (IDB) approving $200mn in conditional credit to modernise its electrical sector.
INTERVIEW: Asian Infrastructure Investment Bank financing Central Asia’s green future
The Chinese-owned multilateral development bank, Asian Infrastructure Investment Bank (AIIB), has become a major player in Eurasia and a driving force between driving sustainable development in the region.
Polish company Hynfra plans $1.6bn green ammonia plant in Egypt
German firm ABO Energy sells rights for 154MW solar projects in South Africa to Électricité de France
IFC extends $157mn to Egyptian Orascom Development for tourism green transformation
Slovenia takes key step towards green hydrogen future with new cooperation deal
Slovenia has made a significant move towards achieving the European Green Deal by signing a memorandum of cooperation with the Clean Hydrogen Joint Undertaking
Taiwan sets ambitious 1-GW geothermal power target by 2028
Taiwan is gearing up for a major push to expand its renewable energy portfolio with an ambitious geothermal power project.
EBRD lends €50mn to Bulgaria’s Tenevo Solar Technologies for 237 MWp PV plant
The European Bank for Reconstruction and Development said on November 22 it is lending up to €50mn to Bulgarian company Tenevo Solar Technologies for the construction of a 237 MWp photovoltaic power plant in the southeastern part of the country
Brazil advances climate action with carbon market legislation
Brazil's Congress has passed landmark legislation establishing the country's first regulated carbon market, marking a significant step in its climate commitments
G20 city leaders press for $800bn annual climate investment
UN COP30 host city Belem faces major challenges
NTPC starts green hydrogen mobility project in India's Leh
India’s Power Minister, Manohar Lal, flagged off NTPC's fleet of green hydrogen buses in Leh, Ladakh, on November 23, according to an official government statement.
COP29 ends in failure
After what was supposed to be a pivotal UN climate summit and probably the last chance to avoid an environmental disaster, the COP29 summit in Azerbaijan ended on November 23 in failure.
REM: COP29 ends in failure
Copper-nickel explorer Asian Battery Metals hails “massive sulphide mineralisation” at Mongolia site
Venezuela and Russia strengthen ties on climate agenda at COP29
Venezuela and OPEC discuss emissions reductions amid global tax proposals
Venezuela’s Minister of Ecosocialism, Josué Lorca, met with OPEC Secretary General Haitham Al-Ghais during the COP29 climate summit in Baku, Azerbaijan, to explore strategies for reducing emissions in the oil sector.
Italy deepens cooperation with Ukraine in critical materials and energy restoration
Italy has strengthened its partnership with Ukraine by signing a new agreement to enhance collaboration in critical raw material supply chains and committing €200mn to rebuild Ukraine’s energy infrastructure.
IFC to extend up to $100mn 5-year loan to Turkey’s QNB Leasing for sustainable energy and blue finance
INTERVIEW: Mobilising private finance for a greener future
EBRD director of sustainable business Gianpiero Nacci details how MDBs are bringing in private investment to help close the climate finance gap.
Gabon inaugurates Ayémé PV plant, advancing solar capacity
Montenegro starts construction of 55-MW Gvozd wind farm
Montenegro’s power company EPCG said it has launched construction of the 55-MW Gvozd wind farm. Construction will be carried out by a consortium of companies led by German wind turbines supplier Nordex.
China's Haiyang nuclear plant powers up ambitious district heating project
China’s Haiyang nuclear power plant in Shandong province has entered its sixth heating season, marking a significant expansion of the country’s first commercial nuclear district heating scheme.
China ships microreactor to Thailand, expanding nuclear cooperation
China has taken a significant step in its nuclear cooperation with Thailand, shipping the systems and equipment for a miniature neutron source reactor (MNSR) to the Suranaree University of Technology
Thailand pursues solar power to ease energy burden
Thailand's Ministry of Energy is taking significant strides to mitigate the rising cost of electricity for its citizens by promoting the adoption of affordable solar power systems.
Singapore’s wastewater beer turns heads at COP29
Polish engineer unveils world’s first flying car available for public sale
Tomasz Patan, a Polish entrepreneur and co-founder of Jetson, has launched the Jetson One, the world’s first flying car available for public purchase.
India decries climate finance shift at COP29
India’s installed renewable energy capacity to reach 250 GW by March 2026: ICRA
India’s installed renewable energy (RE) capacity, including large hydro, is projected to reach approximately 250 GW by March 2026, up from 201 GW as of September 2024, according to an ICRA report.
India must secure nuclear fuel supply chains, official says
India must secure nuclear fuel supply chains and promote locally developed technologies to boost the share of nuclear power in its energy mix, said Periasamy Kumaran, special secretary at the Ministry of External Affairs at an industry event.
Tata Power, Druk Green Power to develop 5 GW of renewable energy projects in Bhutan
Mumbai-based Tata Power has partnered with Bhutan’s Druk Green Power Corporation (DGPC) to develop at least 5 gigawatts (GW) of clean energy generation capacity in Bhutan.
EDF-led battery storage projects in South Africa secure financial close
Three South African battery energy storage system (BESS) projects championed by French company, EDF Group (EDF), have reached financial close with expectations they would be commissioned in 2026.
Oslo-based Scatec reduces stakes in three solar farms in South Africa
Scatec ASA (Scatec), a Norwegian renewable energy provider, has closed the second and final phase of a sale of parts of its stakes in three solar power plants in South Africa.
COMMENT: Will COP29 become a milestone in Azerbaijan’s long-term energy strategy?
After years of reliance on fossil fuel exports, Azerbaijan is steadily switching to renewable energy sources.
BNDES partners with French Agency to secure $206mn
BNDES and the French Development Agency (AFD) have signed a contract to secure BRL1.2bn ($206mn) for investments in sanitation, urban development and renewable energy projects in the Legal Amazon and Northeast Brazil.
TIM to enter free energy market with Eletrobras partnership
TIM, with 62mn customers across Brazil, has partnered with Eletrobras to enter the free energy market, offering electricity from renewable sources. The service is expected to launch in the first half of 2025.
Bolivia and China discussed lithium and Bi-Oceanic Railway project at G20 Summit
At the G20 Leaders Summit in Brazil, Bolivia’s President Luis Arce held a significant meeting with Chinese President Xi Jinping, focusing on deepening economic cooperation.
Brazil, UNESCO, UN launch initiative to counter climate disinformation
The Brazilian government, UNESCO and the United Nations have launched the Global Initiative for Information Integrity on Climate Change to combat disinformation undermining climate action.
G20 wraps up, urges action on climate and health
Brazil hosted the G20 summit in Rio de Janeiro this week, with a focus on sustainable development and the global transition to renewable energy.
Brazil and US unite on clean energy goals
Brazil and the United States announced a new partnership to advance clean energy development, industrial decarbonisation and resilient economic growth aligned with the Paris Agreement's 1.5°C goal.
EBRD extends $21.3mn to expand Egypt Gulf of Suez wind power project
Egypt partners with UAE-based Global South Utilities, China's JA Solar to build two solar energy factories
Zambia agrees to collaborate on carbon credit trading with Singapore
British International Investment commits $16mn to Africa Go Green Fund
UK’s development finance institution British International Investment (BII) has announced a $16mn commitment to the Africa Go Green Fund (AGGF), managed by Cygnum Capital Asset Management
Croatia’s Mezzanine Partner launches €100mn "dark green" energy fund
Fund to support renewable energy projects across the region, with a focus on solar and wind energy.
Indonesia’s Krakatau Chandra Energi pursues renewable energy expansion
Krakatau Chandra Energi (KCE), a subsidiary of PT Chandra Asri Pacific (TPIA), is advancing its renewable energy ambitions through planned acquisitions of hydropower plants (PLTMH) in Java.
North Macedonia issues 272 MW of photovoltaic licences by end-October
North Macedonia’s regulatory energy commission (RKE) said on November 20 that it approved licences for new photovoltaic power plants with a combined capacity of nearly 272 MW in the first ten months of 2024.
Malaysia leads ASEAN initiative to develop regional carbon trading framework
Malaysia has signed an agreement with nine other ASEAN nations to establish a regional carbon trading framework, aiming to foster a cohesive carbon market across the bloc
Solar Energy Corporation of India, H2Global sign MoU on green hydrogen
The Solar Energy Corporation of India (SECI), operating under the Ministry of New and Renewable Energy (MNRE), has signed a memorandum of understanding (MoU) with Germany-based H2Global Stiftung to promote green hydrogen initiatives.
Singapore’s Yinson GreenTech unveils Southeast Asia’s first fully electric hydrofoil vessel
Singapore-based Yinson GreenTech (YGT) has introduced the Hydroglyder, the region’s first electric hydrofoil vessel, advancing sustainable maritime transportation.
Follow us online