REM - Renewable Energy
Argentine renewable sector poised for growth as business-friendly legislation and economic recovery take hold
Argentina's renewable energy sector is poised for significant growth in 2025, driven by legislative support and improving economic conditions.
Iranian official jumpstarts country's delayed solar programme on energy crunch
Iran's First Vice President Mohammad Reza Aref has announced emergency plans to develop 30,000 MW of solar power capacity.
EBRD approves €105mn loan for solar-thermal power plant in Serbia
The European Bank for Reconstruction and Development has approved a €105mn loan for the construction of a solar-thermal power plant in Novi Sad, Serbia’s second-largest city.
Green agenda drives Brazil’s BNDES biofuel investments
Brazil’s development bank BNDES disbursed BRL4.2bn ($683mn) for biofuel projects in 2023, marking its highest financing for the sector in 13 years.
UK issues first CO2 storage licence
The UK has awarded its first-ever carbon storage permit, marking a historic step towards achieving net zero greenhouse gas emissions.
Saudi energy firm launches 2.5MW solar project at medical university
Saudi Arabia extracts lithium from oilfield runoff, plans commercial pilot
Saudi Arabia has successfully extracted lithium from brine samples from national giant Aramco's oilfields and plans to launch a commercial pilot programme for direct extraction soon.
Tajikistan: Officials announce discovery of major rare earth deposits
Still a way to go before rare earths will generate revenue.
Kenya's $2.51bn High Grand Falls Dam project to feature solar farm, green hydrogen plant
The Kenyan government has finalised a deal to reduce the cost of the High Grand Falls dam project by KES 100bn ($772.20mn), bringing the total cost down from KES 425bn ($3.28bn) to KES 325bn ($2.51bn)
Czech government to push against ETS 2 emissions trading system implementation
The Czech government is also opposing the European Commission’s proposal to lower emissions in 2040 by 90% compared to 1990 and wants to revise EU goals on phasing out combustion engines in the car industry.
Incoming US president Trump will harm planet, says EU’s new climate leader
President-elect Donald Trump’s rejection of US climate initiatives could enable global competitors to dominate the industries of the future, Europe’s top climate and competition authority warned recently.
US Supreme Court declines to hear appeal over California’s aggressive vehicle emissions rules
The US Supreme Court has announced it will not hear an appeal from conservative states and fuel sellers that challenged California’s strict car emission rules.
Japan forecasts nuclear power to outpace thermal generation costs by 2040
Japan’s energy future is set to witness a significant shift as nuclear power is projected to become more cost-effective than thermal power generation by 2040, according to the country’s Ministry of Industry.
Malaysia's Gamuda secures $404.7mn solar farm project in Australia, expands into digital infrastructure
Gamuda Bhd’s Australian subsidiary, DT Infrastructure Pty Ltd, has been awarded a MYR1.8bn ($404.7mn) engineering, procurement and construction (EPC) contract for the Goulburn River Solar Farm,
Experts highlight small nuclear reactors as key to Vietnam's net-zero future
Two Vietnamese professors working in the US have proposed small-scale nuclear reactors as a viable solution to power Vietnam's future
Balancing growth and sustainability: Southeast Asia’s energy dilemma
With its rapidly growing economies, booming populations, and increasing urbanisation, Southeast Asia is witnessing a tremendous surge in energy demand
China’s leftover “gutter” cooking oil becomes bio-sustainable aviation fuel wonder
China’s notorious “gutter oil” was once a source of food safety scandals, but has undergone a green revolution that has made it worth more than kerosene.
World Bank must wake up to Rogun mega dam “nightmare” in Tajikistan, say activists ahead of financing vote
Institution urged to listen to civil society.
Latin America must reform energy framework to meet climate challenge, World Bank says
Latin America needs robust institutions and clearer market rules to advance its energy transition, World Bank regional energy manager Gabriela Elizondo told Spanish news agency EFE, as the area faces growing demand and climate challenges.
Google, Microsoft back Terradot, a carbon removal startup
The carbon removal startup Terradot has launched with $58.2mn in funding to commercialise its technology from companies such as Microsoft and Google.
REM: Google, Microsoft back Terradot, a carbon removal startup
Gradient Geothermal wants to use old oil, gas wells for clean renewable energy
Abandoned US oil and gas wells could be used to heat homes if Gradient Geothermal’s feasibility study in rural Colorado is successful.
TikTok's CO2 footprint almost exceeds Greece’s, says study
TikTok's annual carbon emissions surpass most social media platforms and may even exceed Greece's, according to a new study by Greenly.
Italian companies must have insurance for climate risks starting January 1
Starting January 1, businesses across Italy must take out insurance to shield their assets against floods, landslides and other climate-related disasters, which have become more frequent due to global warming.
Biden to double tariffs on China imports of solar components
The outgoing Biden administration has announced that tariffs on some solar panel components from China will double.
ONGC says there are no immediate plans to list green energy arm
India's state-owned oil and gas company, ONGC, clarified on December 14 that it had no immediate plans to publicly list ONGC Green, its green energy unit, on stock exchanges.
Singapore's push for electric vehicles faces energy grid challenges
Replacing conventional vehicles with electric ones (EVs) in Singapore could cut emissions by up to 56%, according to a roadmap from Nanyang Technological University’s Energy Research Institute
Pertamina and PEMA to launch Aceh’s first geothermal power plant
Pertamina Geothermal Energy (PGEO) and Pembangunan Aceh (PEMA) are gearing up to commence drilling for the Seulawah Agam geothermal project in Aceh Besar, a move that will establish the province’s first geothermal power plant
French renewable energy firm Qair builds two 20-MWp solar parks in Tunisia’s Kasserine
French renewable energy firm Qair started the construction of two solar parks in Tunisia’s Feriana area at Kasserine Governorate with a total capacity of 20 MWp.
Aeris confirms Chinese Sinoma Blade's takeover bid amid wind energy market struggles
Brazilian wind turbine blade manufacturer Aeris has confirmed its shareholders received a takeover proposal from China's Sinoma Blade.
Brazil’s Senate passes offshore energy bill amid tariff concerns
Brazil’s Senate has approved a bill regulating offshore energy generation, establishing a framework for using maritime areas to produce electricity.
Vale bets on US startup for decarbonisation
Brazilian miner Vale’s venture capital arm, Vale Ventures, has invested in Electrified Thermal Solutions, a Boston-based startup focused on decarbonising industrial heat generation, the company has announced.
Egypt inaugurates $500mn Abydos solar power plant in Aswan
Reliance Power sets up new company dedicated to renewable energy
Mumbai-listed Reliance Power, part of the Anil Ambani-led Reliance Group, announced on December 13 the formation of a new entity dedicated to renewable energy
Montenegro asks for exemption from EU’s CBAM mechanism
Geothermal energy poised for major global expansion, says IEA chief Fatih Birol
"Geothermal energy could see transformative global growth thanks to advancements in technology and expertise from the oil and gas sector," the International Energy Agency (IEA) said in a report groundbreaking report released on December 13.
Rio Tinto pumps investment into Argentine lithium market, driven by RIGI initiative
Rio Tinto Group has announced a $2.5bn investment in Argentina's Rincon lithium mine, marking a significant victory for President Javier Milei's economic austerity agenda.
South Africa: Eskom’s proposed higher tariffs for solar users raise concerns
South Africa’s state-owned power utility Eskom has ignited a debate following its latest tariff proposal, creating uncertainty for solar power users.
Tajikistan: Rogun Dam is a white elephant in the making – report
Dushanbe needs to diversify power generation sources.
Colombian renewable energy sector warns of regulatory risks to investments
The Colombian renewable energy sector is raising alarms over new government regulations that could jeopardise investments worth up to $3.2bn (approximately COP14 trillion) through 2027
India’s second-largest clean energy company ReNew plans to go private
Key investors in ReNew Energy Global, India’s second-largest clean energy producer, have proposed to take the company private in a deal valued at $2.82bn.
Tivolt partners with Tata Power to boost charging for electric commercial vehicles in India
Tivolt Electric Vehicles Private, a subsidiary of TI Clean Mobility and part of the Murugappa Group, has entered into a strategic partnership with Tata Power Renewable Energy Limited (TPREL) to advance electric mobility for commercial vehicles.
Japan's nuclear U-turn: the end of a 10-year era in energy policy
Japan is set to make a historic shift in its energy policy, marking a dramatic reversal after a decade of efforts to reduce its reliance on nuclear power.
Green Power expands with solar energy project in Timor-Leste
PT Green Power Group Tbk (LABA) has signed a memorandum of understanding (MoU) with the Presidente da Região Administrativa Especial de Oecusse Ambeno (RAEOA) of Timor-Leste to develop a solar power generation facility and energy storage system
HK-listed Mongolian Mining Corporation agrees to buy 50.5% of Universal Copper for $20.5mn
World Bank says Kosovo must invest €2.8bn over next decade to combat climate change
Long-term adaptation measures are projected to require investments equivalent to 1.4% of Kosovo's GDP annually until 2050. While the costs of such actions are significant, the report warns that the price of inaction would be far higher.
Brazilian beef firms behind on deforestation pledges ahead of COP30
Government offices to use solar panels, Iranian president says as outages strike back houses
Iran’s President Masoud Pezeshkian said government offices would be outfitted with solar panels soon amid growing daily power shortages in the country that has brought back outages to the domestic sector in winter time.
Brazil solar capacity set to grow 26% next year, says industry group
Brazil's solar power generation capacity is expected to reach 64.7 gigawatts in 2025, up 26% year on year, industry group Absolar said, as the country continues its rapid expansion of renewable energy sources.
Growth in biomethane output could help Brazil cut diesel imports by 2034
Brazil could reduce its diesel imports over the next decade as biomethane production expands, with output potentially reaching 3.3bn cubic metres (cbm) by 2034, according to state energy research firm EPE.
NTPC Green Energy wins 500-MW solar power contract in Solar Energy Corporation of India’s auction
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited, has emerged victorious in the Solar Energy Corporation of India’s (SECI) e-reverse auction for 2,000 MW of ISTS-connected solar PV projects.
Bangladesh Bank and UNDP partner for climate-resilient financing
India’s renewable energy capacity registers 14.2% y/y growth in November 2024
India’s renewable energy sector has experienced substantial growth between November 2023 and November 2024, the Indian government said on December 11.
India doubles nuclear power generation capacity between 2014-2024
India's nuclear power generation capacity has witnessed remarkable growth, nearly doubling from 4,780 MW in 2014 to 8,180 MW in 2024, Union Minister Jitendra Singh disclosed this progress during a session in the Lok Sabha.
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