REM - Renewable Energy
European wind stocks drop after Trump vows to halt new turbine build
European wind power stocks were down about 7% on January 8 after the incoming US president Donald Trump said he would end the construction of new wind farms.
Brazil cuts 2025 climate disaster budget amid mounting risks
The Brazilian government has reduced its disaster risk management budget for 2025 to BRL1.7bn ($277mn), down from BRL1.9bn in 2024, according to official budget proposals.
Renewables account for 50.2% of Chile's electricity generation capacity
Chile's renewable energy sector reached a significant milestone in December 2024, with non-conventional renewable sources accounting for 50.2% of the country's total installed electricity generation capacity.
Dubai firm AMEA Power wins contract to build two battery energy storage projects in South Africa
South Africa’s government has awarded a UAE-based renewable energy developer and operator, AMEA Power, two battery energy storage (BESS) projects.
Kosovo invests €3.8mn in energy efficiency for public buildings
Kosovo’s Minister of Economy, Artane Rizvanolli, and the Kosovo Energy Efficiency Fund (KEEF) have signed agreements with four municipalities to implement energy efficiency measures in 13 public buildings.
Mizuho Securities breaks new ground with tokenised renewable energy investment
Japan’s Mizuho Securities has launched the country’s first tokenised infrastructure private equity fund for renewable energy.
Colombia's Arrow Exploration confirms initial success at Alberta Llanos field
Arrow Exploration, a high-growth operator with assets in Colombia’s key hydrocarbon basins, has announced results from its first exploration well, AB-1, at the Alberta Llanos field within the Tapir Block.
LPG and clean energy access surge in India
India has witnessed a remarkable expansion in LPG connections and clean energy infrastructure over the past decade, according to data published on January 7 by the Ministry of Petroleum and Natural Gas.
Singapore’s PacificLight Power embarks on $735mn hydrogen power plant project
Singapore’s energy leader, PacificLight Power, is advancing clean energy initiatives with a $735mn hydrogen power plant on Jurong Island, slated for completion in 2029.
Saudi Arabia's Ras Tanura, Yanbu under threat from sea level rise
Analysis carried out by the Internation Cryosphere Climate Initiative (ICCI) has shown that many of the world’s largest oil terminals are under threat from sea level rise, with a catastrophic sea level rise of one metre likely to occur by 2070.
Namibia seeks Chinese investment into nuclear energy development
Namibia is seeking Chinese investment in nuclear energy as part of its efforts to contribute to the global clean energy transition.
India’s Uttar Pradesh state’s largest bio-CNG facility is nearing completion
India’s Uttar Pradesh state’s largest bio-CNG facility is nearing completion under the waste-to-wealth mission.
Gensol Engineering wins solar PV project in India's Gujarat
Mumbai-listed Gensol Engineering, a solar power EPC services provider, has secured a major contract from a state-owned entity for a 275-MW solar PV project in Gujarat.
ACWA Power installs new solar panels in Azerbaijan
Brazil’s Marquise Ambiental to invest $65.4mn in biomethane projects
Marquise Ambiental, Brazil’s third-largest waste management firm, plans to invest $65.4mn in five biomethane projects over the next three years
Power deficit in Iran to soar to 25,000 MW next summer
Iran’s Energy Minister Abbas Aliabadi said that the country faced a shortfall of 20,000 MW in electricity last summer, a figure projected to peak at 25,000 MW next year.
Mexico's Carlos Slim invests $1bn in US oil and gas companies in 2024
In 2024, Mexican billionaire Carlos Slim significantly increased his investments in the energy sector, purchasing shares in US oil and gas companies, including Talos Energy Inc. and PBF Energy Inc., totalling $1bn.
Thailand's BBGI to supply Bio-LNG to ships in collaboration with Kepple
Thailand's BBGI, the biotechnology arm of energy conglomerate Bangchak Corporation, plans to supply bio-LNG as a cleaner alternative fuel for ships, replacing traditional liquefied natural gas (LNG)
Biden administration sets rules for US hydrogen tax credits
The outgoing administration of US president Joe Biden has finally completed its much-anticipated plan to provide lucrative subsidies to companies producing hydrogen, aiming to boost a new sector that could aid in reducing climate change impacts.
Singapore’s energy strategy embraces hydrogen-ready technology for a sustainable future
Singapore's electricity demand is on an upward trajectory, fuelled by sectors such as advanced manufacturing, the digital economy, and the electrification of transport
Brazil registers highest average temperature in 2024
Largest Wall Street banks flee coalition to cut carbon emissions
As President Trump’s inauguration nears, Morgan Stanley, Citigroup, and Bank of America have exited a pandemic-era climate coalition aimed at encouraging businesses to lower carbon emissions.
New York adopts $75bn climate superfund bill aimed at oil, gas companies
Oil and gas companies may face billions of dollars in costs after New York Governor Kathy Hochul signed the Climate Change Superfund Act, a major win for environmental advocates who blame fossil fuels for climate change.
NTPC Renewable Energy wins 1,000-MW solar project in India
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited (NGEL), has won the e-reverse auction conducted by Uttar Pradesh Power Corporation Limited (UPPCL)
Polar vortex brings Arctic weather to eastern US
A blast of Arctic air is chilling the eastern United States as a polar vortex moves southward. Sub-zero temperatures gripped the region with parts of the Gulf Coast and Florida at risk of freezing conditions.
Extreme weather surges in 2024
Extreme weather reached alarming levels in 2024, with record heat driving heatwaves, droughts, storms, and floods that displaced millions and caused thousands of deaths
Low prices blamed for power shortage in Iran
The CEO of Iran’s state power producer and distributor Tavanir put the blame of a soaring power shortage in the country on low prices.
Controversial 10-GW hydropower project in Tibet greenlit by Beijing
China has given the green light to a 10-GW hydropower project on the lower Yarlung Zangbo River in Tibet - known in China as the Xizang Autonomous Region since 2023 - marking a major step in its renewable energy transition and regional development
Moscow records the warmest year on record in 2024
Moscow recorded its warmest year on record in 2024, with an average annual temperature of 8.2C, the highest in the city's 245-year history of meteorological observations, according to Moscow State University (MSU).
Energo: Russia seeks to expand its nuclear energy dominance with new international projects
Russia seeks to expand its nuclear energy dominance with new international projects
Russia is constructing over 10 nuclear power units on foreign soil to help capitalise on burgeoning energy demands driven by artificial intelligence and developing markets, a senior Kremlin envoy has revealed
COMMENT: The EU’s Green Deal is a “policy disaster”
Energy analyst Dr Tom O'Donnell has issued a stark critique of the European Union's Green Deal, describing it as a "policy disaster" that requires radical reform to prevent further industrial decline and to bolster energy security.
Colombia to create reserve zones as mining concerns grow, Gogoro expands in Latin America
Colombia is taking steps to establish reserve zones in response to increasing concerns from miners. This comes as Gogoro, the Taiwanese electric scooter company, pushes forward with its expansion in Latin America.
Indonesian solar takes a step forward with SUN - SMBC deal
South Korean government awards over 2 GW of wind capacity in tenders
Nozomi Energy snaps up major solar portfolio in Japan
Nozomi Energy, a renewables platform focused on Japan and established by global sustainable infrastructure investor Actis, has announced the acquisition of 12 operational solar projects in partnership with a Japanese co-investor
India’s HPERC issues draft green power banking regulations
ACME Solar commissions 1,023 MW of Rajasthan solar projects
Argentina announces ambitious nuclear programme linked to AI development
Argentina's President Javier Milei has unveiled plans to position the country as a nuclear energy pioneer, linking the initiative to growing power demands from artificial intelligence.
French private sector investor Proparco pours $5mn in Equator Africa Fund to back early-stage climate tech ventures
Grenergy sells $962mn stake in Chilean renewable assets to KKR's ContourGlobal
Grenergy, the Spanish renewable energy company, has reached an agreement to sell a portion of its Chilean asset portfolio to ContourGlobal, a KKR company, in a deal valued at $962mn.
Iran to add 500MW solar capacity by year-end, targets 4GW expansion
Iran plans to add 500MW of solar power capacity by the end of the current Iranian year, as part of a broader initiative to expand its renewable energy infrastructure by more than 4,000MW by next year.
World Bank back in the hydrodam business, to fund completion of Tajikistan’s Rogan HPP
The World Bank has flip-flopped on investing in big hydropower dam projects over the last two decades, but in a reversal of policy it has just decided to fund the completion of Tajikistan’s massive Rogun hydropower dam (HPP).
Czechs rush to order solar panels before cut in subsidies
Indonesia, the Philippines face challenges in expanding geothermal energy use
Indonesia and the Philippines are making efforts to increase their geothermal energy production to reduce reliance on fossil fuels
Philipplines ACEN secures landmark wind power project in Australia
ACEN Corp., the Ayala-led energy giant, has clinched a significant contract to build a 936-megawatt wind power project in New South Wales, Australia.
Indonesia to raise palm oil export levy to fund biodiesel expansion
Indonesia will raise its crude palm oil (CPO) export levy to 10% from the current 7.5% to finance higher biodiesel subsidies, Coordinating Minister for Economic Affairs Airlangga Hartarto announced on December 19
India’s NHPC eyes Bhutanese hydropower sector
NHPC Ltd, India’s state-owned hydropower company, is in talks with Bhutan to establish a joint venture for hydropower projects
National Bioenergy Programme to boost India's clean energy agenda
The Government of India is advancing its clean energy agenda through the National Bioenergy Programme (NBP), promoting bioenergy and waste-to-energy technologies to enhance energy security and drive sustainable development
Brazil records largest burned area in six years
Oslo-listed Scatec ASA attains financial close for 60MW solar farm in Botswana
A Norwegian renewable energy producer, Scatec ASA (Scatec), has reached financial close for a 60-megawatt (MW) solar photovoltaic project in Botswana.
Namibia reports Chinese company Xinfeng Investment to police over "illegal" mining at exploration permit
Tri-border task force arrests 26 for deforestation in South America
Paraguayan authorities arrested 26 individuals in October during an operation against illegal deforestation along the borders with Brazil and Argentina.
Malaysia’s VCI Global to acquire solar farm in North Macedonia
Kosovo PM hosts Israeli business delegation to explore investment opportunities
Kosovo’s PM Albin Kurti welcomed a delegation of Israeli businesses specialising in renewable energy, technology and manufacturing sectors on December 19 with the aim of exploring investment opportunities.
ACWA Power launches $3bn renewable energy portfolio in Uzbekistan
Saudi Arabia's ACWA Power has inaugurated three major renewable energy projects in Uzbekistan, marking a significant expansion of its Central Asian operations.
North Macedonia’s ESM secures €55mn loan for renewable energy projects
North Macedonia’s state-owned power producer ESM has secured a €55mn loan from the German development bank KfW to fund investments in renewable energy.
Afreximbank signs first private hydropower deal in DRC
EAAIF extends $40mn to Egyptian Hassan Allam to develop 2.3GW of renewable energy projects
Egypt to launch Green Industry Programme in Q1 2025
The EU Council calls for a European geothermal action plan
The energy ministers in the EU Energy Council approved the outline of a European geothermal energy action plan on December 17.
IEA: Access to energy improving worldwide, driven by renewables
Having a reliable electricity supply is something many of us take for granted – including for sending and reading emails like this one. But hundreds of millions of people around the world today don’t have access to electricity.
EBRD backs Croatia’s first battery storage project
Vietnam and Singapore to collaborate on offshore wind power project
Vietnam and Singapore are set to embark on a groundbreaking offshore wind power project that will not only reshape the regional energy landscape but also strengthen bilateral ties
Indonesia’s renewable energy firm Hero Global prepares for IPO to fund expansion
Renewable energy firm Hero Global Investment is moving forward with plans for an initial public offering (IPO), aiming to sell up to 1.3bn shares, representing 20% of its equity.
Slovenia updates national energy and climate plan with ambitious 2030 targets
The Slovenian government adopted the updated National Energy and Climate Plan on December 18, setting ambitious targets for reducing greenhouse gas emissions, boosting energy independence, and transitioning to renewable energy sources by 2030
Mumbai-listed Inox Wind secures 60-MW order
Mumbai-listed wind energy solutions provider Inox Wind has secured a 60-MW order from Serentica Renewables (Serentica), a renewable energy company focused on the commercial and industrial (C&I) sector in India
Calgary-based Parex strengthens portfolio with strategic acquisitions in Colombia
Parex Resources Inc., a Calgary-based oil and gas firm with significant operations in Colombia, has struck agreements with Ecopetrol S.A. to secure a 50% working interest in four blocks within the Putumayo Basin and the Farallones Block
AIIB approves $250mn to drive Uzbekistan’s green growth agenda
World Bank approves $350mn as Tajikistan bids to fund completion of $6.3bn Rogun mega hydro project
Funding agreed despite environmentalists warning “biggest dam in the world” investment “will turn into a nightmare”.
Serbia requires $10.4bn to meet climate goals by 2050, says World Bank
Serbia will need $10.4bn in investments over the next 25 years to achieve net zero emissions by 2050, according to a new report from the World Bank published on December 17.
Kosovo launches first 100 MW wind auction to boost renewable energy
Kosovo launched the country’s first 100 MW wind auction on December 18, marking a significant milestone in its renewable energy transition.
EBRD grants €5mn to North Macedonia’s ESM for PV projects
The EBRD has allocated a €5mn grant to support the construction of two photovoltaic power plants in North Macedonia to advance the country’s energy transition.
Grenergy secures green loan for Chilean renewable energy project
Spanish renewable energy firm Grenergy announced that it secured a $299mn green loan for the third phase of its Oasis de Atacama project in Chile, known as Víctor Jara
Peru's energy reform set to slash electric bills and boost renewables
Peru's energy sector is set for a major overhaul following the recent approval of the modernisation of the Law 28832, which regulates the efficient development of electricity generation.
Enel Panama launches two solar parks in Chiriqui province
Enel Panama, a subsidiary of Italian energy giant Enel, has begun commercial operations at two new solar parks in Panama's western Chiriqui province, each with 30 megawatts (MW) capacity, the company said.
Morocco unveils $488mn plan to increase petroleum storage by 1.8mn cubic metres by 2030
Algeria discusses investment projects with GE to generate 15,000 MW of renewable energy
US oil majors mulling supplying power to data centres from gas-fired plants
ExxonMobil and Chevron are mulling supplying electricity directly to data centres, including those that operate power-hungry AI.
Canada sets new emissions goal of 45-50% cut by 2035
Canada, the world’s fourth largest oil producer, plans to reduce emissions by 45-50% below 2005 levels by 2035, the environment ministry recently announced.
Taiwan strengthens green energy push with launch of national energy storage centre
Taiwan is ramping up its commitment to renewable energy with the opening of the National Center for Energy Storage System Technology at Tongluo Science Park in Miaoli County
France's EDF contracts Envision Energy for 257-MW battery storage in South African projects
Envision Energy (Envision), a renewable energy solutions provider, has won a contract with EDF Group (EDF) of France to supply three battery energy storage systems (BESS) for projects in South Africa.
TruAlt Bioenergy, Sumitomo to develop bioenergy projects in India
Indian bioenergy company TruAlt Bioenergy has entered into an MoU with Japan’s Sumitomo Corporation Asia & Oceania (SCAO), a prominent global trading and investment solutions provider, to collaborate on advancing bioenergy projects in India
India emerging as world's renewable energy capital, says minister
Brazil Senate adds solar boost to offshore bill, power costs rise
The Brazilian Senate has passed a bill regulating offshore wind energy, but an amendment expanding benefits for solar micro and mini distributed generation (GD) sparked controversy.
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