REM - Renewable Energy
President urges citizens to not stand in the way of small hydropower construction vital to pursuit of Kyrgyzstan’s energy independence
Citizens in Kyrgyzstan have been urged by their president to not stand in the way of construction rollouts of small hydroelectric power plants (HPPs) given their importance to the country’s ambition to achieve energy independence.
Uruguay's new president prioritises energy as key economic driver
Uruguay already boasts one of the cleanest energy grids in the region, with 99% of its electricity derived from renewable sources
INTERVIEW: Industrialisation is key to Kazakhstan’s development, says EDB chief economist
New phase of development is set to expand the non-resource sector, with manufacturing leading the way, according to the Eurasian Development Bank’s Evgeny Vinokurov.
Hyundai to launch electric vehicle production at Turkey plant in 2026
Korean giant plans to move to a zero-tailpipe emissions portfolio of vehicles in Europe by 2035.
Costa Rica revives biomethane project to cut diesel use
Costa Rica has reactivated a stalled biofuel project to replace diesel in heavy transport with biomethane, Vice President Stephan Brunner said on March 2.
EBRD to secure guarantees to Bulgaria’s UniCredit Bulbank for €100mn green loans
The EBRD said on March 4 it will secure guarantees to Bulgaria’s UniCredit Bulbank (UCB) to cover a newly generated portfolio of loans of up to €100mn for funding of green projects related to buildings or sustainable transport.
Kazakhstan mulls three sites for second and third nuclear power plants
Kazakhstan’s Energy Ministry has identified Balkhash, Kurchatov and Mangistau as potential sites for the country’s second and third nuclear power plants.
Serbia’s largest solar plant connected to grid
Israel’s Nofar Energy has successfully integrated its 27-MW Ada solar power plant into Serbia’s national grid, marking a significant step in the country’s renewable energy transition.
Indonesia weighs green electricity exports to Singapore, weighing in reciprocal benefit demands
Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, has withheld approval for green electricity exports to Singapore, demanding reciprocal benefits before granting permits
Emerging issues in the Bangladesh renewable energy and power sector
Only about 4% of Bangladesh's 28,000 MW of installed capacity is renewable energy sources.
Nedbank, Norfund to invest $31mn in South Africa’s Pele Energy Group
South Africa’s Nedbank Group and Norwegian investor Norfund are acquiring a “substantial minority” stake in Pele Energy Group, an independent power producer, focusing on renewable energy projects and community development in South Africa
Thailand bets on ethanol to cut emissions, boost energy security
Advances in biofuels could strengthen Thailand’s position as a regional leader in renewable energy, as the country seeks to reduce reliance on imported fossil fuels and cut greenhouse gas emissions.
Philippines-based Nickel Asia expands renewable energy amid falling metal prices
Nickel Asia, the Philippines' largest nickel ore producer, is accelerating its investment in renewable energy to reduce reliance on its core mining business, which has been affected by fluctuating metal prices.
Swiss-Swedish tech giant ABB strengthens commitment to Indonesia’s renewable energy transition
Swiss-Swedish technology giant ABB has reaffirmed its support for Indonesia’s net-zero emissions target, emphasising the role of automation, digitalisation, and energy efficiency in advancing the country’s renewable energy transition
Kenya launches tenders for two 40-MW solar farms
Kenya has launched a tender for the construction of two 40-MW solar farms in its southern region
National Dairy Development Board, Sustain Plus to develop biogas projects in India
The National Dairy Development Board (NDDB) and Bangalore-based NGO, Sustain Plus, will collaborate to develop biogas plants in India, Sustain Plus said in a press release dated March 4.
Pakistan needs to integrate renewable energy with carbon credit markets
Pakistan should take immediate and decisive action to integrate renewable energy with carbon credit markets, positioning climate finance as both an environmental necessity and an economic imperative
India is looking to become a global leader in green hydrogen, minister says
India is looking to become a global leader in green hydrogen production and utilisation, Union Minister for New and Renewable Energy, Pralhad Joshi, said on March 4
BP takes axe to renewables spending, refocuses on oil and gas
The UK oil major is making a radical shift in strategy.
US firm Cove Capital and Kazakh miner Qazgeology establish rare earths joint venture under AIFC
US miner Cove Capital and Qazgeology, a Kazakh state-owned geological exploration company and a unit of Tau-Ken Samruk National Mining Company, have officially registered a rare earth metals exploration joint venture, Akbulak REE, under the AIFC.
Adoption of Chinese wind technology sparks security fears in Europe
Germany has been warned that allowing Chinese firms to supply wind turbines could pose a threat to its political system and economy.
EU proposes three-year compliance period for carmakers' CO2 targets
The European Commission has proposed giving car manufacturers three years, rather than one, to meet the European Union’s CO2 emission targets for 2025. Automakers’ lobbyists had pushed hard for this.
Philippines and South Korea strengthen energy cooperation through 2024/25 knowledge sharing programme
The Philippines and South Korea have launched the 2024/25 Knowledge Sharing Programme (KSP), a bilateral initiative aimed at enhancing energy collaboration and fostering a more sustainable and resilient energy sector.
Roadshow in India's Gandhinagar to promote commercial coal mining
Indian Ministry of Coal successfully organised a roadshow on ‘Commercial Coal Mine Auctions and Opportunities in the Coal Sector’ in Gandhinagar in Gujarat to highlight the opportunities in commercial coal mining
Indian government launches five pilot projects for using hydrogen in buses and trucks
As part of the National Green Hydrogen Mission, the Indian government has initiated five pilot projects for using hydrogen in buses and trucks, the government said in a press release.
Malaysia Airlines parent MAG partners with FatHopes Energy to explore sustainable aviation fuel
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines and Firefly, has signed a memorandum of understanding (MoU) with FatHopes Energy to explore the production of sustainable aviation fuel (SAF) using used cooking oil (UCO)
INTERVIEW: Baseload Power Taiwan – the Swedish geothermal leader making inroads in East Asia
In a country so desperately short on natural resources as Taiwan, particularly those linked to power generation, there may just be a way out of its ongoing energy predicament, particularly with China looking intent on blocking LNG shipping lanes.
SOCAR implements AI-driven energy efficiency programmes
SOCAR has launched artificial intelligence-based energy efficiency programmes at its carbamide plant in Absheron as part of a pilot project.
Uzbekistan’s Ipak Yuli Bank lands $100mn FMO loan to support SMEs and green growth
Ipak Yuli Bank has secured a $100mn loan from FMO, the Dutch entrepreneurial development bank, to expand financing for small and medium sized enterprises (SMEs) in Uzbekistan.
Turkey’s Ihlas Holding discusses delivery of $7bn worth of energy projects with Kyrgyz PM
Progress made by Turkey’s Ihlas Holding on implementing energy projects in Kyrgyzstan requested under a $7bn agreement were discussed as the company’s chairman Ahmet Mucahid Oren visited Bishkek on March 3 and met with the country's PM.
World Bank commentary looks at how Uzbekistan is advancing green finance for a climate-resilient future
Scatec ASA sells stake in African hydropower plants to TotalEnergies
Norwegian renewable energy investor, Scatec ASA, (Scatec) has concluded the sale of its 51% stake in its hydropower assets in Africa to French giant TotalEnergies for $167mn.
Iran has "technical capacity" to produce nuclear weapons, says official
An Iranian MP has said that Iran possesses the technical capacity to produce nuclear weapons, stating that only its "will" has stopped it from do so.
Russia increases subsidy for gas-powered trucks
The Russian government has decided to increase subsidies for truck owners transitioning from traditional fuels to natural gas.
Romania's Hidroelectrica reports 35% profit decline in 2024 due to weak hydrology
Romanian state-controlled energy producer Hidroelectrica (BVB: H2O) recorded a 35% year-on-year decline in net profit, reaching RON 4.12bn (€800mn) in 2024, impacted by unfavourable hydrological conditions.
OPINION: The EU must bet on nuclear
For Central and Eastern Europe, over reliance on renewable energy for the green transition will compound the already significant challenge of shifting away from a predominantly coal and natural gas based energy network.
South African-Swedish JV plans to build $2.9bn floating wind farm off KwaZulu-Natal coast
GenesisHexicon, a South African-Swedish joint venture (JV), is planning to build a huge floating wind farm off the coast of Richards Bay, in KwaZulu-Natal province of South Africa.
Indonesia eyes opportunities as Europe develops new battery recycling tech
European startups are pioneering battery recycling innovations that could reduce dependence on China, presenting potential opportunities for Indonesia, a key producer of battery materials
Azerbaijan’s economic growth to slow as energy transition faces policy challenges, says World Bank
The World Bank projects Azerbaijan’s GDP to grow by 2.7% in 2025, with a gradual slowdown to 2.4% in 2026, 2.3% in 2027 and 2.2% in 2028-2029.
PLN becomes the first Indonesian firm to enter the global carbon market
State-owned electricity provider PT PLN has made history as the first Indonesian company to engage in international carbon trading, a move that has garnered praise for its commitment to combating climate change while attracting green investment
Cambodia seeks more Chinese investment in agriculture, solar energy—official
Cambodia is looking to attract more Chinese investment in agriculture, agro-industry, and renewable energy, particularly solar power, a senior official said on February 28.
Danish Seaborg prepares for licensing process in South Korea
Danish company Seaborg Technologies, known for its floating compact molten salt reactor (CMSR) designs, has secured DKK200mn ($28mn) in funding from existing investors.
Mumbai-listed Adani Green's renewable generation capacity tops 12,000MW
Mumbai-listed Adani Green Energy’s total operational renewable generation capacity has increased to 12,341.1MW with the commissioning of solar power projects at Khavda in the state of Gujarat
Pakistan's Sindh province rolls out home solar system programme
The Sindh Energy Department distributed home solar systems to 100 rural families in Tando Jam, Hyderabad, under the Sindh Solar Energy Project
Colombia's Ecopetrol proposes acquisition of Enel Windpeshi project
Ecopetrol has formally offered to acquire Enel Colombia's Windpeshi wind energy project, pending approval from the Superintendence of Industry and Commerce.
Verano Energy secures PPA with AES Colombia for solar project
Verano Energy has entered into a power purchase agreement (PPA) with AES Colombia for the forthcoming 13-MWp Chicalá solar facility in Sabanalarga, Atlántico.
AI consuming more electricity than Kyrgyzstan, conference hears
"Voracious" power appetite of algorithms risks turning humans into "energy slaves", digital forum told.
Colombia's offshore wind auction attracts global energy giants
Colombia is on the cusp of a renewable energy transformation as its first offshore wind auction draws interest from major global players.
PANNIER: China’s big push into Uzbekistan
Wave of projects in energy, mining, factories and construction and water conservation. Critical minerals could be next.
PowerChina to build 300 MW wind farm near Serbian capital
The project, scheduled to be completed in the second quarter of 2026, will feature 48 turbines, making it the largest wind farm in Serbia upon its completion.
Brazil’s energy storage demand surges 89%
Demand for battery energy storage systems (BEES) in Brazil grew 89% over the past year, with most installations expected by 2025, according to a study by consultancy Greener.
Amea Power starts building 50 MW of solar in the Ivory Coast
Russian hydropower holding RusHydro posts loss in 2024
Russian state hydropower holding RusHydro posted 2024 revenue growth of 12% year-on-year to RUB243bn under Russian Accounting Standards (RAS), EBITDA growth of 21% y/y to RUB137bn, but showed a net loss of RUB13.4bn in 2024.
Egypt’s nuclear plant El Dabaa to have reactor shell for first unit this year, says Russian official
South Africa: City of Cape Town to receive $157mn loan for power grid upgrade
Cape Town, South Africa’s second largest city, has won a €150mn ($157mn) loan for its power grid upgrade from German government-owned financial institution KfW, one of the world’s largest development banks.
Wind energy covered mere 1% of Czech energy consumption in 2024
The share of the wind energy on European consumption increased to 20% in 2024, while the share in Czechia has stagnated in recent years, the Czech Press Agency wrote, quoting figures from the WindEurope report.
Indonesia’s renewable energy potential could drive 50% clean energy mix by 2030
Indonesia's vast renewable energy capacity, exceeding 3,686 GW, presents a significant opportunity to increase the country's clean energy share beyond 23%, with the potential to reach 50% by 2030.
Cambodia, Japan simplify carbon credit application process
Cambodia and Japan are joining forces to streamline the application process for the Joint Crediting Mechanism (JCM), a carbon credit program aimed at reducing greenhouse gas emissions.
Majority of Singaporean firms target solar investments by 2030
More than half of businesses in Singapore are planning to invest in solar energy within the next five years as part of efforts to expand clean energy sources, a study by Schneider Electric has found.
As Turkey knocks $3.5bn off energy import bill, researcher points to expansion of domestic renewables production
Turkey in 2024 curbed its energy imports to $65.59bn from $69.11bn in 2023, with the decrease amounting to 5.1%.
EDP Renováveis reports unexpected $583.8mn net loss amid US and Colombia impairments
EDP Renováveis (EDPR), the world's fourth-largest wind energy producer, reported a surprising net loss of $583.8mn for 2024, primarily due to substantial impairments in the United States and Colombia.
Brazil's transport sector moves toward decarbonisation
Transport accounts for 13% of Brazil’s greenhouse gas emissions, driving investment in electric vehicles and biofuels as decarbonisation efforts advance.
Brazil’s Solfácil secures $172mn to expand solar financing
Solfácil has raised BRL1bn ($172mn) to fund solar energy projects across Brazil, taking its total capital market funding beyond BRL5bn.
Fortis partners with Pomega for battery storage at North Macedonia’s Oslomej solar plant
Fortis Energy, a prominent player in the renewable energy sector, signed an agreement with fellow Turkish company Pomega Enerji Depolama Teknolojileri for the installation of a 62 MW/104 MWh Battery Energy Storage System (BESS) at Oslomej plant.
US shows interest in bolstering ties with Central Asian states
Washington interested in widening access to region’s mineral wealth.
Rio Tinto enters collaboration with Worley in Argentine lithium project
Rio Tinto's subsidiary Rincon Mining has appointed Worley as the lead integration delivery partner for its $2.5bn Rincon lithium project in Argentina's Salta Province.
Iraq and Switzerland sign tax treaty to boost economic cooperation
Iraq and the Swiss Confederation have signed a double taxation avoidance agreement to strengthen economic cooperation between the two countries.
Teraco signs power purchase agreement with NOA to power its data centres in South Africa
Kazakhstan to integrate over 600 MW of renewable energy capacity in 2025
Kazakhstan has opened its rare earth and rare metal deposits to international competition, inviting companies from the US, the EU and China to bid for mining rights at government-held auctions, Kursiv reported on February 26, citing Kanat Sharlapaev.
Kazakhstan invites US, EU and Chinese companies to bid for rare earth and rare metals
Kazakhstan has opened its rare earth and rare metal deposits to international competition, inviting companies from the US, the EU and China to bid for mining rights at government-held auctions.
Croatia to invest €50mn in geothermal exploration
Asahi Kasei launches biogas purification trial in Kurashiki
Asahi Kasei Corp. and Kurashiki City have inaugurated a biogas purification system at a sewage treatment facility in Okayama Prefecture, Japan.
Taiwan proposes new solar energy regulations
Taiwan has introduced draft regulations outlining when buildings must incorporate solar power systems under the Renewable Energy Development Act.
Taiwan confronts offshore wind challenges at Energy Expo
Taiwanese officials have acknowledged obstacles in advancing offshore wind energy, as highlighted during the 2025 Wind Energy Asia exhibition in Kaohsiung
Indonesian banks urged to expand ESG investments for renewable energy push
A policy think tank has called on Indonesian banks to scale up investments in Environmental, Social, and Governance (ESG) sectors as a strategic move to accelerate the country’s transition to renewable energy
Wind capacity addition in India to double by FY2027: Crisil
India’s annual capacity addition of wind power will more than double to 7.1GW on average in the next two fiscal, compared with 3.4GW in fiscal 2023-25, Crisil Ratings said in a press release.
NTPC Green plans 20GW renewable energy projects in India's Madhya Pradesh
NTPC Green Energy Limited (NGEL), a subsidiary of Indian state power company NTPC, has signed a Memorandum of Understanding (MoU) with Madhya Pradesh Power Generating Company Limited (MPPGCL) to develop renewable energy projects in the state of MP
Malaysia launches first utility-scale battery storage system to bolster energy transition
Malaysia has taken a significant step in its renewable energy transition with the commissioning of its first utility-scale battery energy storage system (BESS) by Sarawak Energy
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