REM - Renewable Energy
Turkey’s auto sales slump by 14% y/y in January
Turkey’s combined sales of passenger cars and light commercial vehicles (LCVs) declined by 13.9% y/y to 68,654 units in January.
Brazilian farmers turn to solar power, batteries amid grid concerns
Brazilian farmers are ramping up solar power installations and battery storage systems to secure more reliable electricity supplies and cut diesel consumption.
SPAR Slovenia introduces in-store collection points for waste cooking oil
SPAR Slovenia said on February 5 that it has launched collection points for waste cooking oil in six of its stores, aligning with its sustainability strategy to promote recycling and responsible waste disposal.
Brazil's CPFL shows strong performance despite investment pressure
Brazilian power company CPFL Energia demonstrated robust operational performance across its energy businesses, though increased network investments are expected to pressure its finances, according to credit rating agency Fitch.
Brazil’s carbon market rules skip farming sector, drawing criticism
Brazil's new carbon trading regulations will cover only 16% of national emissions, environmental experts say, after lawmakers exempted the agricultural sector which accounts for nearly three-quarters of the country's carbon output.
Chile receives $879mn in solar, battery storage project proposals
Six new renewable energy projects combining solar power and battery storage have entered Chile's environmental assessment system.
Colombia's solar power expansion gains momentum in 2025
Colombia's renewable energy sector is set for significant growth in 2025, with solar power expected to account for 12% of the country's electricity generation capacity.
Brazil solar power output jumps 36% despite overall energy drop
Brazil's utility-scale solar power generation rose 35.6% year-on-year in December 2024 to 3,904 megawatts (MW), while wind power increased 12.4% to 12,740 MW.
Australia inaugurates first large-scale CCS project
“We have made history out at Moomba. It’s a first for Santos, a first for South Australia and a first for Australia in terms of large-scale, onshore CCS,” Santos CEO Kevin Gallagher said.
French TotalEnergies signs $820mn Iraqi solar power deal
France's TotalEnergies has signed an agreement with Basra Investment Commission to construct a 1,000-MW solar power plant in Iraq
Chinese firm picks Denmark's Topsoe for SAF plant
Guangdong-based Chuangui New Energy recently awarded Denmark’s Topsoe a contract to provide technology and services for a new sustainable aviation fuel and renewable diesel plant in Qinzhou city.
Vietnam to resume talks with foreign partners on nuclear power plants
Vietnam to resume talks with foreign partners on nuclear power plants
India’s Premier Energies halts plans for US solar cell plant following policy uncertainty
Welspun to invest $1.5bn in two clean energy projects in India's Odisha
Welspun New Energy has signed an agreement with the Odisha government to invest INR135bn ($1.55bn) in two clean energy projects in the state
Brazil given more time to address Itaipu energy tariff deficit
The Brazilian government has been granted a 15-day extension to decide how to cover the financial shortfall created by the Itaipu energy tariff agreement with Paraguay, the National Electric Energy Agency (Aneel) ruled.
Brazil's steel industry eyes green shift with charcoal
Colombia grants environmental approval for Guayacanes solar transmission line
Colombia’s environmental regulator, ANLA, has granted approval for the construction and operation of a 230 kV transmission line connecting the 200 MW Guayacanes solar project to the national grid.
Amazon deforestation has low fine payment rates, 95% go unpaid
TSX-listed, Mongolia-focused miner Entrée Resources announces formal execution of JV agreement with Oyu Tolgoi
TSX-listed and Mongolia-focused mining company Entrée Resources has announced the formal execution and delivery by the parties of its JV agreement with Oyu Tolgoi LLC, which the parties have been operating under since formation in 2008.
Brazilian firms to develop hydrogen-powered vessels for COP30
A consortium led by Itaipu Technology Park and JAQ Apoio Marítimo is developing hydrogen-powered vessels to reduce emissions in Brazil’s maritime sector.
Mexico's Saavi Energia gets BB- rating from Fitch for $1.1bn notes
Mexican power company Saavi Energia received a first-time BB- rating from Fitch for its proposed $1.115bn senior unsecured notes, with a stable outlook, as it moves to refinance debt and fund expansion.
Grodno sees January sales slip as PV segment struggles
Sales of Poland’s electrical and lighting products distributor Grodno Group are expected to come in at PLN80.3mn (€19mn), down from PLN83.7mn a year earlier.
NEOM food unit Topian signs SAR1.9bn Jazan aquaculture deal
NEOM food company Topian has signed a SAR1.9bn ($507mn) investment agreement with Jazan City for Primary and Manufacturing Industries to establish a major aquaculture project, during the Saudi International Marine Exhibition in Riyadh on Feb 4.
Turkey’s 2024 electricity production, consumption break records
Turkey’s electricity production and consumption reached all-time highs last year, according to Energy and Natural Resources Ministry data.
OECD urges Poland to rein in deficit as spending surges
According to the latest OECD Economic Survey, Poland's progress on cutting greenhouse gas emissions has been slow, but an updated National Energy and Climate Plan for 2030 introduces more ambitious targets.
Renewable energy producer Birlesim sells 20% stake via Istanbul IPO for TRY 1.4bn
Turkey's Birlesim Grup Enerji Yatirimlari (BIGEN) has sold 116mn shares, amounting to a 20% stake, via a Borsa Istanbul initial public offering.
Portuguese EDP to sell two solar farms in Brazil, market value near $309mn
Portuguese energy firm EDP is selling two major solar farms in São Paulo state. The Pereira Barreto (252 MW) and Novo Oriente (254.6 MW) complexes are valued at BRL1.6bn to BRL1.8bn ($309mn), including debt.
Over 800 evacuated as forest fires engulf Patagonia, Argentina
IFC to extend loan of up to $75mn to Turkey’s Deniz Leasing for climate leasing
The International Finance Corporation (IFC), a unit of the World Bank Group, is to extend a loan of up to $75mn to Deniz Leasing, the IFC has announced.
CP Group chairman makes case for nuclear power in Thailand's tech push
Charoen Pokphand Group Senior Chairman Dhanin Chearavanont advocated for Thailand's pursuit of nuclear power to support the country's transition to artificial intelligence (AI) and a technology-driven society
Pakistan plans to have 30% EVs by 2030
Pakistan plans to have 30% of its vehicles running on electric power by 2030 and is introducing regulations for the first time to support the electric vehicle (EV) industry
Ohm Energy commissions rooftop solar PV project for SG Heavy Engineering in India
Ohms Energy, a Mumbai-based Indian solar EPC company, has successfully commissioned a 400kWp rooftop solar PV project for SG Heavy Engineering Ltd. in Wada, Maharashtra, the company announced on February 3
Southeast Asia revisits nuclear power
Four decades after completing the Bataan Nuclear Power Plant in the Philippines—an idle facility never activated due to safety concerns and corruption—Southeast Asian nations are once again exploring nuclear energy as a reliable power source
EU, IEA launch new forum for energy transition framework ahead of COP30 in Brazil, but money still talks loudest
Last month the European Union and the International Energy Agency (IEA) launched the Global Energy Transition Forum (GETF) with the intention of sustaining the momentum towards energy transition targets.
TotalEnergies and Mozambique hold talks on stalled LNG project
TotalEnergies’ CEO Patrick Pouyanne and Mozambique’s President Daniel Chapo held talks on the long-delayed Mozambique LNG project during an energy conference on January 28.
Saudi study identifies 10 sites for solar and wind energy storage
A new study by King Abdullah University of Science and Technology has identified the top 10 potential sites across Saudi Arabia for storing solar and wind energy, with two Red Sea locations emerging as the most viable options.
Grenergy to boost Chilean renewable sector with world's largest energy storage system
Chile's renewable energy sector has achieved a significant milestone as Grenergy secures $299mn in financing for the Víctor Jara phase of its Oasis de Atacama project, set to become the world's largest battery energy storage system.
Ecuador's rural energy supply boosted by installation of 912 pv systems
Ecuador's rural electrification efforts have reached a significant milestone with the installation of 912 photovoltaic systems, benefiting over 2,700 residents in remote and dispersed rural areas.
Guyana's landmark hydropower project delayed to 2029
Guyana's Amaila Falls Hydropower Project has been pushed back to 2029, marking a significant shift in the country's clean energy transition strategy as it prioritises gas-powered electricity generation to meet growing demand.
India eyes at least 100GW of nuclear power by 2047
During the Union Budget 2025–26 presented on February 1, the Indian government announced the launch of the Nuclear Energy Mission, aiming to develop at least 100GW of nuclear power by 2047.
UAE keen to invest in renewables in Iran, says senior Iranian official
A senior official at the Iranian Department of Environment said the United Arab Emirates was interested in investing in Iran’s renewable energy sector.
EBRD to support Poland’s green transition with €200mn loan for Baltica 2 wind project
Baltica 2 offshore wind farm will be a boon for Poland, which is struggling to meet its green transition targets.
China hit its ambitious renewable energy targets six years ahead of schedule
China remains the largest emitter of GHGs, but it has also emerged as the global green energy champion after Beijing threw itself into building out its renewable energy generating capacity.
Brazil’s energy subsidy costs hit $2.92bn amid legal disputes
Brazil's energy regulator, Aneel, has projected that subsidies for wind and solar power generators will cost BRL17.1bn ($2.92bn) this year, or 42% of the Energy Development Account (CDE), a fund financed through electricity bills.
Brazil’s Neoenergia nears sale of Baixo Iguaçu hydroelectric stake
Neoenergia is in advanced talks to sell its 70% stake in the Baixo Iguaçu hydroelectric plant in Paraná state, with a valuation between BRL1bn ($171mn) and BRL1.2bn.
The UK, Germany and China lead global offshore wind farm roll-outs, but the rest of the world is lagging far behind.
Poland is about to double its offshore wind power generation capacity but apart from Germany and the UK, offshore wind power remains underdeveloped around the world, with the notable exception of China.
Solfium secures investment to expand solar solutions in Latin America
Solfium, a Canadian-founded solar energy firm, has joined Telefonica Movistar's innovation investment portfolio through its Wayra Hispam unit.
Slovenia launches €16mn renewable energy investment programme
Slovenia will launch a public call for co-financing investments in community self-sustainability of electricity from renewable energy sources for the period 2025 to 2027.
EBRD invested over €800mn in Serbia in 2024
The EBRD invested a record €807mn in Serbia in 2024. The investment was spread across 37 projects, with nearly €500mn directed towards advancing the green economy.
Serbia to host Western Balkans' first Greenfield eco-industrial park
The EU, IFC and the city of Sabac in western Serbia have signed an agreement to build the first Greenfield eco-industrial park in the Western Balkans.
IFC to extend loan of up to $150mn to Istanbul-listed Koc’s auto retail and car rental unit Otokoc for EV purchases
The International Finance Corporation (IFC), a unit of the World Bank Group, is to extend a loan of up to $150mn to Otokoc, the IFC has announced.
Mission 300 electrification initiative for Africa by World Bank, AfDB secures $8bn in new funding commitments
The Mission 300 initiative, launched by the World Bank and the African Development Bank (AfDB) to connect 300 million Africans to electricity, has secured over $8bn in new funding commitments.
Kazatomprom secures new uranium exploration licence
Tumodo, a business travel platform serving the MENA region and India, is expanding its operations into Kazakhstan as part of its strategic growth plan, the company said in a press release on January 30.
Czech iron and steel plant Trinecke zelezarny to invest €1bn into ecological production
Czech iron and steel plant Trinecke zelezarny (TZ) is to invest €1bn into technologies and ecological steel production.
Australia’s mega renewable energy project faces key hurdles
A proposed renewable energy project in Western Australia, set to be the largest of its kind globally, is awaiting government approval
Indonesia weighs energy transition following US Paris Agreement exit
Indonesia faces a tough balancing act in its energy transition following the US withdrawal from the Paris Agreement under President Donald Trump, Energy Minister Bahlil Lahadalia said January 30
Russia to restructure troubled hydropower major RusHydro
The Russian government is preparing a number of measures to improve the economic condition of the state hydropower holding RusHydro
India’s PM SuryaGhar scheme brings rooftop solar to 850,000 homes in first year
Under the PM SuryaGhar Yojana, which aims to facilitate the installation of 10mn solar panels, the Indian government has managed 850,000 installations in the first year
CSE-listed Troy Minerals sees production this year at Tsagaan Zalaa high-purity silica project in Mongolia
Canadia Securities Exchange-listed Troy Minerals is moving forward with its mining permit application for Tsagaan Zalaa high-purity silica project in Mongolia, and sees production starting this year, says company president Yannis Tsitos.
Pakistan requires $100bn in investments to implement renewable energy policies
Pakistan requires $100bn in investments to fully implement its renewable energy policies aimed at expanding clean energy, cutting carbon emissions and transitioning to a sustainable future.
India revises ethanol procurement prices for state-owned oil marketing firms
The Cabinet Committee on Economic Affairs (CCEA), chaired by Indian Prime Minister Narendra Modi, has approved a revision of ethanol procurement prices for public sector oil marketing companies
Sri Lanka to ask Adani to lower wind power project tariff
The Sri Lankan government is set to begin discussions with India’s Adani Group over a revised power purchase agreement, aiming to lower the tariff.
Brazil’s CCR acquires stake in Neoenergia wind farms
CCR, a Brazilian company focused on managing infrastructure and transport asset concessions, has completed the acquisition of stakes in three wind farms operated by Neoenergia, securing energy supply for its operations.
Brazil eyes data centres to absorb energy surplus, grid access remains a hurdle
Brazil’s electricity sector sees data centres as a way to absorb surplus energy, but grid access remains a challenge, industry executives said.
EIB injects €284mn into Slovenia to boost energy transition and innovation
The European Investment Bank (EIB) Group provided €284mn in fresh financing to Slovenia last year, supporting energy transition, business innovation and capital markets, EIB said on January 30.
India looks to invest in Argentina's mining and energy sectors
India has signalled its interest in expanding its investments in Argentina's mining and energy sectors, with lithium resources taking centre stage as the Asian giant pursues its energy transition goals.
Ukraine secures €300mn EIB loan for hydroelectric and heating projects
Ukraine will receive €300mn in funding from the European Investment Bank (EIB) to restore three hydroelectric power plants and modernise central heating infrastructure.
Brazil firms plan $253mn biofuels complex
Mexico pushes for state-controlled public-private power partnerships
Mexico’s government is advancing a legislative proposal that would permit public-private partnerships in electricity generation, but only under strict state control.
Brazil solar capacity hits 53 GW despite growth hurdles
Brazil's installed solar power capacity reached 53 GW in January, according to data from the Brazilian Solar Power Association (Absolar).
Ukraine expands biomethane production, eyes bioethanol partnership with Brazil
Ukraine has launched its third biomethane plant as the country pushes forward with renewable energy projects and explores a partnership with Brazil.
Istanbul-listed Mogan invests $18mn in 33-MW hybrid solar plant
Mogan Enerji (MOGAN) has launched a 32.5-MW solar plant built at the company's 100-MW Kocatepe wind plant in Afyon province of Turkey's Aegean region to form a hybrid power complex, the company has announced.
Grenergy secures $299mn for major Chile energy storage project
Spanish renewable energy developer Grenergy has obtained $299mn in financing for part of what it calls the world's largest battery storage system in Chile's Atacama Desert.
World Bank’s Mission300 electrification programme endorsed by 27 African countries
Leaders from 27 African countries have endorsed Mission 300, a multi-billion dollar initiative backed by the World Bank Group and the African Development Bank (AfDB) Group to expand electricity access across Sub-Saharan Africa.
Green hydrogen drives record foreign investment in Chile
Foreign investment projects in Chile reached a record $56.23bn in 2024, with green hydrogen initiatives accounting for nearly half the total, according to data by state investment agency InvestChile.
PGE and Orsted move ahead with offshore wind farm in the Baltic Sea
Poland’s state-controlled PGE and Denmark's Orsted will build Baltica 2, a 1.5-gigawatt offshore wind farm off Poland’s northwestern coast, the companies said on 29 January.
Pakistan urges global support for energy transition in developing countries
Pakistan has called for supportive global policies to assist cash-strapped developing countries in navigating the energy transition during an event marking International Day of Clean Energy
Tata Power wins contract to supply 300 MWp solar modules in India’s Maharashtra
TP Solar, a subsidiary of Tata Power Renewable Energy (TPREL), has secured an INR4.55bn contract from Maharashtra State Power Generation Company Limited (MSPGCL) to supply 300 MWp of ALMM-certified solar modules
Malaysia faces backlash over proposed electricity tariff hike
Malaysia’s proposal to raise base electricity tariffs in the second half of the year has sparked widespread debate, particularly among commercial and industrial users who face steeper energy costs
Mexico's Queretaro business group launches clean energy drive
Mexican business confederation COPARMEX's Queretaro chapter launched a new Energy Commission to boost renewable energy projects and sustainable resource management in the state, the group announced on January 29.
Mexico's Sheinbaum proposes energy sector overhaul with state control focus
Mexican President Claudia Sheinbaum is to present an energy reform bill to Congress in due course which aims to strengthen state control while allowing public-private partnerships in power and oil sectors.
Neoliner Origin, hailed as world's first commercial sailing RoRo vessel, launches in Turkey
A ship described as “the world’s first” commercial sailing roll-on/roll-off (RoRo) vessel has been launched at Turkey’s RMK Marine shipyard, Offshore Energy reported on January 29.
Follow us online