REM - Renewable Energy
Taliban seek $100mn from World Bank to restart work on CASA-1000 electricity transmission project
Ambition to interconnect Central Asian and South Asian power grids held up by incomplete work in Afghanistan.
Brazil's sustainable aviation fuel industry poised for 2027 takeoff
Brazil's nascent sustainable aviation fuel industry is preparing for takeoff in 2027 when the country's blend mandate begins, with potential for both domestic supply and exports.
Brazil’s Petrobras signs deal with France's IFPEN for decarbonisation projects
Brazil’s national oil company Petrobras has signed a five-year partnership with French research institute IFP Energies Nouvelles to collaborate on energy transition and decarbonisation projects
China receives over $5.1bn in debut of its green sovereign bond
China has attracted more than CNY37 bn ($5.1bn) in investor bids in the debut of its first green sovereign bond.
Kyrgyzstan assesses water inflow at key hydro reservoir Toktogul
The water volume in Kyrgyzstan’s largest reservoir Toktogul—which feeds the country’s largest hydroelectric power plant—stood at 8.435bn cubic metres (bcm) on March 28, up from 7.232 bcm a year ago but down on a year ago.
Desertification drives thousands of families from their homes in Iraq’s Dhi Qar
Dhi Qar Province has recorded the highest displacement rate due to desertification and drought in Iraq, with more than 1,000 people officially registered.
Ukrainian retailers turn to solar power to cut costs and boost energy independence
Ukrainian retailers are increasingly investing in solar power to reduce operational costs and enhance energy independence.
Brazil’s Petrobras sets global CO2 reinjection record with pre-salt FPSO fleet
Brazil’s national oil company (NOC) Petrobras has achieved a new carbon dioxide (CO2) reinjection milestone in the Santos Basin pre-salt fields, injecting 14.2mn tonnes of CO2 in 2024, surpassing the previous year's 13mn tonnes.
Botswana seeking to secure 200-MW from South Africa amid deepening power supply crisis
Botswana’s government officials have scheduled a meeting with South Africa’s Ministry of Electricity and Energy on April 3 to address the escalating electricity import costs and seek a new power supply agreement.
India adds record 25 GW renewable capacity in FY25, solar leads growth
India added a record 25 GW of renewable energy capacity in FY 2024-25, marking a nearly 35% increase over the previous year’s addition of 18.57 GW, the Indian government said in a press release dated April 1.
Vietnam must implement urgent energy reforms to meet rising demand, experts say
Vietnam faces potential electricity shortages between 2026 and 2028 unless urgent policy reforms are enacted to develop new power sources, particularly clean and sustainable energy, experts said at a forum in Hà Nội on March 31.
Sri Lanka risks losing $1bn FDI as Adani wind project remains stalled
Sri Lanka is likely to lose $1bn in foreign direct investment (FDI) since the Adani wind power project in Mannar is now uncertain, with both the Indian company and the Sri Lankan government remaining firm on tariff rates
Solar power mini-grids could electrify Africa
In Africa mini-grids are emerging as a viable solution to power remote communities, thanks to falling solar panel prices, more favourable regulations and rising international investment.
Indian solar firm Prozeal Green Energy plans to raise $82mn via IPO
Indian solar EPC company Prozeal Green Energy plans to raise INR7bn ($82mn) through an initial public offering (IPO)
Malaysia unveils solar leasing initiative to boost renewable energy
The Malaysian government has introduced new guidelines for its latest solar initiative, the Community Renewable Energy Aggregation Mechanism (CREAM)
India’s energy growth to follow unique low-carbon path
India is expected to become an important player in global energy markets, following a distinct growth path marked by lower energy intensity, a diverse energy mix and expanding commodity imports, according to Wood Mackenzie's latest Horizons report.
China's ZNShine Solar to supply modules for Honduras' 50MW Patuca solar project
Chinese manufacturer ZNShine Solar will provide high-efficiency modules for the 50MW Patuca solar project being developed by Honduras' National Electric Energy Company (ENEE) in the Olancho department, the company announced on March 31
Colombia and Panama advance $800mn energy interconnection project
Colombia and Panama have unveiled plans for a $800mn electrical interconnection project aimed at integrating their power grids and enhancing regional energy security, pv magazine Latin America reported.
Brazil faces energy transition challenges ahead of COP30
Brazil, hosting COP30 in the Amazon, is expanding its energy mix with renewables, but faces structural challenges.
Brazil’s industry pushes decarbonisation
The São Paulo State Federation of Industries (FIESP), in partnership with SENAI-SP and SEBRAE-SP, has launched a decarbonisation initiative targeting small and medium-sized industries in Brazil, Valor reported.
Brazil’s Vale sells majority stake in renewable energy business
Brazilian miner Vale has agreed to form a joint venture with US investment firm Global Infrastructure Partners through its renewable energy subsidiary, Aliança Energia.
Inspired Evolution raises $239mn for investment in Africa's renewable energy sector
South African private equity firm Inspired Evolution, focussed on clean energy, has achieved financial close of its Evolution III Fund, raising $238mn for investment on the continent.
High solar registration fees in South Africa may force more customers to leave state power utility Eskom
South Africa’s state-owned power utility Eskom is planning to introduce registration fees for customers who now have other electricity supply options from renewable energy sources.
Waaree Energies opens 5.4-GW solar cell gigafactory in India's Gujarat
Mumbai-based renewable energy company Waaree Energies has inaugurated a 5.4-GW solar cell gigafactory in Chikhli, Gujarat, the company announced in a press release.
Cuba bolsters renewable energy with new solar park
Cuba has inaugurated a 21.8-MW photovoltaic solar park in Villa Clara province, aiming to enhance its renewable energy capacity.
Solar panel users struggle to connect to Brazil’s power grid
The rapid expansion of solar power in Brazil has led to mounting difficulties for consumers connecting their systems to the grid, with industry groups accusing distributors of obstructing access, while utilities cite technical constraints.
Northern Lights partners okay FID for offshore Norway CCS project
Equinor, TotalEnergies and Shell have agreed the final investment decision for phase two of the Northern Lights carbon capture and storage project, located in the North Sea west of the Norwegian port of Bergen.
Nigeria's Rivy raises $4mn to scale clean energy financing across Africa after rebrand
Nigerian fintech company Rivy, formerly known as Payhippo, has secured $4mn in pre-Series A funding to expand its clean energy financing operations across Africa, following a strategic rebrand and pivot towards sustainable energy lending.
Shell abandons large-scale renewable projects in Brazil
Energy major Shell is discontinuing its solar and onshore wind power generation projects in Brazil as part of a "portfolio adjustment."
Kazakhstan launches World-Bank-supported Partnership for Market Implementation to boost carbon market
Kazakhstan has officially launched the World Bank-supported Partnership for Market Implementation (PMI) project, designed to enhance its national carbon market and accelerate the country’s shift toward green, resilient economic growth.
Croatia's INA starts geothermal drilling near Durdevac
US grants historic approval to Holtec to build and design nuclear reactors in India
US-based Holtec International has been approved by the US Department of Energy (DoE) to build and design nuclear reactors in India
World Bank approves $173.5mn loan to support Azerbaijan’s renewable energy infrastructure
The World Bank’s Board of Executive Directors has approved a $173.5mn loan to finance the Azerbaijan Scaling-Up Renewable Energy project.
Talks for Brazil’s Aeris Energy sale stall, but new investor possible
Negotiations between Aeris Energy and China’s Sinoma Blade for a potential acquisition have stalled, but the company is considering bringing in a strategic investor to address financial difficulties.
Calm weather left Germany reliant on coal power stations, despite building more wind farms
Germany's electricity market saw onshore wind power generation decline due to unusually low wind speeds in March, forcing the grid operator to switch to fossil fuel plants to meet the country's energy demands.
IDB commits $300mn to Colombia's sustainable development initiatives
The Inter-American Development Bank (IDB) has approved a $300mn loan to bolster Colombia's sustainable economic growth, focusing on climate action, natural capital utilisation, and energy transition.
Brazil’s Eletrobras deal expands government influence
Eletrobras, Brazil’s largest electricity utility company, has signed an agreement with the federal government to expand the Union’s representation on its Board of Directors, the company said in a press release, O Globo reported.
Colombia's Celsia to invest $316.5mn in renewable energy projects
Colombian power producer Celsia has unveiled plans to allocate up to COP1.3 trillion (approximately $316.5mn) towards renewable energy projects in 2025.
Eesti Energia launches voluntary takeover bid of Enefit Green
Eesti Energia, Estonia’s state-owned energy group, has launched a takeover bid to acquire full ownership of its renewables subsidiary, Enefit Green, the largest wind energy producer in the Baltics.
Saudi national afforestation programme to launch digital monitoring platform
Saudi Arabia's National Afforestation Programme will soon launch an electronic platform to monitor projects interactively and provide accurate, real-time reports to officials and stakeholders.
Bayas del Sur inaugurates Chilean battery storage system
Bayas del Sur, a Chilean company specializing in berry product processing, has inaugurated a new 200-kW, 800-kWh battery energy storage system at its facility in Purranque, Los Lagos region.
Ghana secures $25bn climate deal in major public-private partnership
Ghana has struck a landmark $25bn agreement with the private sector to combat climate change and drive sustainable development, marking one of the largest nature-based initiatives globally.
South Korea’s KHNP holds meeting with Kazakhstan’s Nuclear Energy Agency in Astana
Korea Hydro & Nuclear Power (KHNP), a subsidiary of Korea Electric Power Corporation, and Kazakhstan’s newly formed Nuclear Energy Agency (NEA) held a meeting in Astana to explore potential collaboration in the development of nuclear energy.
US sends Kyiv an even harsher fourth version of the mineral deal
A new draft of the proposed US-Ukraine minerals deal has drawn criticism in Kyiv as the new demands are even harsher than the previous three versions.
India’s nuclear power generation capacity rises to 35,333 MW
India’s nuclear power generation capacity has increased from 22,480 MW in 2014 to 35,333 MW currently, while installed capacity has doubled from 4,780 MW to 8,880 MW
Pará’s bioeconomy push could boost GDP and jobs in Brazil
Pará state could become a centre for Brazil’s bioeconomy, with BRL720mn ($125.3mn) in investment potentially adding BRL816mn to GDP and generating BRL44mn in tax revenue.
Brazil pushes for ethanol edge in Japan
A Brazilian delegation in Japan is advocating for the country to prioritise Brazilian ethanol under a new biofuel mandate, arguing it has a lower carbon footprint than US ethanol.
Uzbekistan to supply uranium to France under €9mn transit deal with Kazakhstan
Uzbekistan has signed a contract with Kazakhstan’s TOO Logistic Centre to transit uranium concentrate to France via Russia’s St Petersburg port, according to data from Uzbekistan’s Commodity Exchange (UZEX).
TSXV-listed Lithium ION Energy enters binding JV agreement with SureFQ to advance Urgakh Naran lithium project in Mongolia
TSXV-listed Lithium ION Energy on March 27 announced that it has entered into a binding joint venture agreement with SureFQ to advance its Urgakh Naran lithium project in Mongolia.
Kyrgyzstan warmed twice as fast as global average between 1960 and 2023 says UNEP Atlas report
The UN Environment Programme (UNEP) has released its Atlas of Environmental Change for Kyrgyzstan, with the warning that average annual temperatures in the Central Asian country rose by 1.2°C between 1960 and 2023, or double the global average.
Chile approves $10mn advanced renewable energy project
Chile's Environmental Impact Assessment Service has approved a significant renewable energy project that will power some of the world's most advanced astronomical observatories in northern Chile.
Ukraine’s biomethane exports to EU gain traction but remain modest
Ukraine’s biomethane production is expected to reach around 1bn cubic meters by 2030, or roughly 0.5% of the EU’s total demand.
Engie launches Chile's largest renewable energy facility
French energy giant Engie has launched operations at the Kallpa Wind Farm, its largest renewable energy facility in Chile, with an installed capacity of 344 MW.
Elon Musk's Tesla turns to Saudi Arabia amid collapsing sales
US electric vehicle manufacturer Tesla Inc. will enter the Saudi Arabian market in early April 2025
Vibra launches Brazil’s first sustainable aviation fuel supply
Vibra has begun supplying sustainable aviation fuel in Brazil, the company said in a press release. The imported biofuel is now available at Tom Jobim International Airport in Rio de Janeiro, the first distributor of SAF in the country.
Serbia begins testing electric Citroens in Kragujevac
The Stellantis car factory in Kragujevac, central Serbia, has begun testing electric Citroen C3 vehicles, marking a key milestone in the country’s growing role in the European electric vehicle market.
Nigeria signs 2,600-MW solar module deal with LONGi Solar France for hydrogen hub
Nigeria has signed a 2,600-megawatt solar module supply agreement with LONGi Solar France in support of a major green hydrogen development located in Akwa Ibom State.
Cuba unveils comprehensive energy recovery and expansion plan for 2025
Cuba's government has outlined an ambitious strategy to bolster its national energy infrastructure, targeting significant improvements across renewable and conventional power generation sectors, state media reported.
South Africa’s cement supplier PPC signs 24.5-MW solar PPA with Yellow Door Energy
South Africa cement supplier PPC and renewable energy independent power producer (IPP) for businesses in the Middle East and Africa, Yellow Door Energy (YDE), have signed a 24.5 MWp (20 MWac) solar power purchase agreement (PPA).
Ivanhoe Mines' South African unit Ivanplats signs power purchase deal with Enpower Trading for local mine Platreef
The South African unit of Canadian mining giant Ivanhoe Mines has signed a power purchase agreement (PPA) with a South African energy trader to supply renewable electricity to its local platinum mine.
TPG acquires Siemens Gamesa’s wind turbine manufacturing business in India and Sri Lanka
Global alternative asset management firm TPG has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka, according to a TPG press release dated March 26.
Meralco seeks new nuclear partners for the Philippines after US firm withdraws
Meralco is actively searching for new collaborators in nuclear technology following the expiration of its agreement with US-based Ultra Safe Nuclear Corporation (USNC) on October 5 2024
Indonesia supports growth of solar module industry
Indonesia's Ministry of Industry is actively fostering the expansion of the solar module sector, a crucial component in the establishment of solar power plants (PLTS), to maximise the potential of renewable energy for electrification.
Temasek-backed Pentagreen, BII invest $80mn to boost Southeast Asia’s renewable energy
Pentagreen Capital, a debt financing platform backed by Temasek and HSBC, has partnered with British International Investment (BII) to invest $80mn in accelerating renewable energy deployment in Southeast Asia
Indonesia’s renewable energy push faces challenges despite vast potential
Indonesia is advancing its energy transition, notably through the $20bn Just Energy Transition Partnership (JETP), signed in 2022
Siemens invests $50mn in Indian renewable energy company
AMPIN Energy Transition, an Indian renewable energy company, has secured an investment of $50mn from Siemens Financial Services, the financing arm of Siemens AG
Japanese consortium eyes investment in Indian green ammonia project
A consortium of Japanese companies has signed a memorandum of understanding (MoU) to explore investment opportunities in a green ammonia production project in India
HD Renewable expands Australian solar-storage portfolio with 795-MW acquisition
Taiwan’s HD Renewable Energy has secured development rights for 795 MW of energy storage and hybrid solar-storage projects in Australia via its partnership with local electricity provider Zen Energy.
Giga Solar strengthens renewable energy efforts in the Philippines with 50MW solar project
Taiwan’s Giga Solar Materials Corp., a prominent global provider of solar conductive pastes, is expanding its renewable energy footprint in the Philippines through its subsidiary, Wholesun Energy.
Laos gets ASEAN roadmap for net-zero emissions in energy sector
The ASEAN Centre for Energy (ACE) has launched a comprehensive roadmap to guide Laos toward achieving net-zero emissions by 2050, as part of the country's commitment under its Nationally Determined Contribution (NDC).
Zambian IPP Copperbelt Energy Corporation plans $500mn investment to expand solar energy output
A Zambian independent power producer, Copperbelt Energy Corporation (CEC), will invest $500mn to boost its solar power production and capacity of a transmission line to neighbouring Democratic Republic of Congo (DRC).
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