REM - Renewable Energy
Brazil and Russia edge closer on nuclear deal
Brazil and Russia are expected to advance cooperation on small modular reactor (SMR) technology, Brazil’s Minister of Energy Alexandre Silveira said after a visit to Moscow with President Luiz Inácio Lula da Silva.
Regulator hit sends Brazil’s Eletrobras into the red
Brazil’s Eletrobras posted a net loss of BRL354mn ($62.3mn) in Q1 2025, following a regulatory revision that cut the asset base of its subsidiary Chesf.
Thailand and Laos discuss boosting power trade ties
Thailand's Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga arrived in Laos on May 15 to expand cross-border electricity trade.
Brazil plans overhaul of power market rules
Brazil’s electricity market reform proposes opening the sector to all consumers by 2028 and phasing out tariff discounts for renewable sources and self-production once existing contracts expire.
Ukraine’s top mineral water producer launches solar power plant to cut energy costs
IDS Ukraine, the country’s largest producer of mineral water, has launched its first solar power plant as part of a broader strategy to reduce reliance on conventional energy sources and slash electricity costs.
Rio Tinto ramps up focus on lithium exploration in Argentina, Bolivia and Chile
Rio Tinto is intensifying its focus on lithium, with CEO Jakob Stausholm identifying South America's Lithium Triangle as the strategic epicentre for securing this critical energy transition metal.
Movistar Chile signs agreement with Copec EMOAC for nationwide renewable power supply
Movistar Chile, the local subsidiary of Spanish telecommunications giant Movistar, signed an electricity supply agreement with Copec EMOAC to power its nationwide operations exclusively with renewable energy sources.
Middle East braces for intense heatwave with temperatures set to surpass 50°C (122°F)
The Middle East is bracing for another intense heatwave set to grip the region from May 17, with temperatures likely to easily surpass 50 degrees Celsius in the next few days.
Middle East braces for intense heatwave, with temperatures set to surpass 50°C
The Middle East is bracing for another intense heatwave set to grip the region from May 17, with temperatures likely to easily surpass 50 degrees Celsius in the next few days.
EBRD extends $25mn green loan to Home Credit Bank Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has committed a senior loan of up to $25mn (in tenge equivalent) to Home Credit Bank Kazakhstan (HCBK) to support the country’s transition to a greener economy.
EBRD2025: EBRD backs Azerbaijan’s green transition with rising investments
Lender’s total investment in Azerbaijan now exceeds $4bn, as eyes hydrogen, connectivity and energy efficiency.
Tata Power Q4 profit rises 25%
Denmark's KK Wind Solutions opens largest Asian facility in Bengaluru
Denmark-based KK Wind Solutions has inaugurated its largest manufacturing facility in Asia, along with a new office in Bengaluru, India, the company said in a press release dated May 14.
First Gen expands renewable energy holdings in the Philippines
First Gen Corporation has secured PHP10bn ($179mn) in funding from BDO Unibank Inc. to acquire the 165-megawatt Casecnan Hydroelectric Power Plant in Nueva Ecija, reinforcing its commitment to clean energy across Luzon.
North Macedonia adopts new Energy Law for green transition
North Macedonia’s Parliament adopted a new Energy Law on May 14, setting the foundation for a modern, sustainable, and EU-aligned energy policy, the ministry of energy announced.
Brazil bets on ethanol for global fuel shift
Brazil’s sugar-energy sector is seeking a stronger global role in the energy transition, with the Brazilian Sugarcane and Bioenergy Industry Association (UNICA) set to promote ethanol as a decarbonisation tool at the NY Sugar Dinner.
China’s BYD pushes Brazil plant to 2026
China’s BYD’s factory in Brazil is now scheduled to be fully operational by December 2026, following delays caused by a labour investigation, Bahia state labour secretary Augusto Vasconcelos said.
EBRD2025: What’s next for the Baltic energy sector after disconnecting from Russia?
Representatives of the energy sectors in Estonia, Latvia and Lithuania outlined their plans for the coming years at the EBRD annual meeting in London.
European IPP Greencoat Renewables plans South African listing in June 2025
London- and Dublin-quoted Greencoat Renewables (Greencoat) has announced a plan to secondarily list on South Africa’s Johannesburg Stock Exchange (JSE),
EBRD to provide Mongolia’s Khan Bank with up to $145mn in financing, women-led ‘climate tech’ SMEs to benefit
The European Bank for Reconstruction and Development (EBRD) said on May 14 that it is arranging a financing package of up to $145mn (€140mn) for Mongolia’s biggest lender, Khan Bank.
Foreign firm to erect 300-MW solar plant in central Iran
An international renewable energy firm is set to build a 300-MW solar power plant in the city of Shahreza, central Iran, in a move aimed at taking the edge off the country’s chronic electricity shortages.
Croatia puts its first battery-electric train into operation
Croatia’s first battery-powered electric train, manufactured by local engineering company Končar, successfully completed its inaugural journey from Zagreb to Bjelovar on May 12, in what officials hailed as a landmark moment.
South African independent power producer NOA Group launches construction of a 94.5MW wind farm
South African renewable independent power producer NOA Group (NOA) has officially launched the construction of a 94.5 megawatt (MW) wind energy plant in the country.
Eurasia a significant source of methane emissions – report
Russia and Turkmenistan are primary offenders.
China's CGN plans 1.4 GW renewable expansion in Brazil
China General Nuclear Power Group (CGN) has announced plans to expand its Brazilian renewable energy capacity by adding more than 1.4 GW of new solar and wind power, along with energy storage systems
AfDB commits $29.4mn to 62 MW solar power project in Togo
The African Development Bank (AfDB) has committed €26.5mn in financing for a 62 MW solar power plant in Togo, to be developed by French state-owned utility Électricité de France.
Solar squeeze hits Brazil
Brazil’s solar capacity is expected to rise 25% in 2025, reaching over 64.7 GW, with 13.2 GW to be added during the year, according to Absolar.
Spanish EDP Renewables retreats from Colombian wind projects amid mounting challenges
EDP Renewables, an renewable energy company headquartered in Madrid, Spain, established as a subsidiary of Energias de Portugal, has initiated the dismantling of its Alpha and Beta wind farm projects in Colombia's La Guajira region.
Japan pledges $500mn to Indonesia’s clean energy drive as bilateral ties deepen
Indonesia’s Coordinating Minister for the Economy, Airlangga Hartarto, returned from a three-day visit to Tokyo with a series of landmark agreements, including Japan’s commitment to finance the Muara Laboh Geothermal Power Plant (PLTP)
Banyuwangi to host Indonesia’s largest land-based solar plant in push toward net zero
Banyuwangi Regency in East Java has been selected as the site for what will become Indonesia’s largest land-based solar power plant, with an installed capacity of 100 megawatts (MW)
Philippines pursues nuclear energy to secure future power supply
The Philippines is accelerating plans to adopt nuclear energy in response to rising power costs and dwindling domestic fuel reserves.
Cambodia's clean energy drive faces setback as share declines despite increased generation
Cambodia's share of renewable energy in final consumption declined to 52.4% in 2023 from 60.6% in 2016, according to an ASEAN Secretariat report released.
Drastic emission cuts could save 250,000 lives in Europe, scientists say
A significant reduction in greenhouse gas emissions across Europe could prevent up to 250,000 premature deaths from air pollution by 2050, according to new research.
Richest 10% responsible for majority of global heating since 1990, research finds
A new study has found that the top one-tenth of earners globally have contributed the bulk of climate-altering emissions over the last three decades, with far-reaching consequences for vulnerable populations.
Latvian minister orders halt of new wind farm contracts in the country
Latvia’s Minister of Agriculture Armands Krauze, representing the Greens and Farmers Union, has ordered the suspension of new land development rights for wind park construction on state-owned forest land.
COMMENT: Taiwan is playing with darkness by abandoning nuclear power
Japan has restarted many of its nuclear reactors, recognising their role in energy security and climate targets. South Korea has also reinstated nuclear as a core component of its energy strategy. Taiwan, by contrast, is marching backwards.
Tehran sewage treatment plants generate 7.5 GWh of green power annually
Tehran’s wastewater treatment facilities cranked out 7.5 GWh of electricity from renewable sources during the last Persian calendar year (March 20, 2024-March 20, 2025).
EBRD extends $30mn equity bridge loan for Egypt’s first large-scale solar-storage hybrid
The EBRD has granted a $30mn equity bridge loan to Obelisk Solar Power, owned by renewable energy developer Scatec ASA, to support the development of a 1 GWac photovoltaic solar plant with 200 MWh of battery energy storage in Nagaa Hammadi, Egypt.
Indonesia showcases forest-based carbon trading potential at Osaka Expo
The Indonesian Forestry Entrepreneurs Association (APHI) is spotlighting the country’s vast tropical forest carbon trading potential at World Expo Osaka, promoting the government’s FOLU Net Sink 2030 initiative to make forestry and land use sectors
Azerbaijan and the EU discuss the expansion of gas exports and green energy corridor
Azerbaijan and the EU discuss the expansion of gas exports and green energy corridor,
Genneia unveils plans to build massive pv factory in Argentina
Argentine energy company Genneia unveiled plans to construct a 130 MW photovoltaic facility in Sarmiento, San Juan province, marking its fourth solar development in the region.
Experts call for royalty windfall to fund fair and sustainable energy transition in Indonesia
Experts are urging the Indonesian government to allocate anticipated revenue gains from new mineral and coal royalty regulations towards a fair and sustainable energy transition
Indonesia unveils sustainable finance blueprint to close $240bn climate funding gap
Indonesia is accelerating efforts to establish a Sustainable Finance Committee (SFC) as mandated under Law No. 4/2023, with the Ministry of Finance, Financial Services Authority (OJK), and Bank Indonesia leading the charge to channel private capital
Jindal India Renewable Energy wins 300-MW solar-plus-storage project under SJVN’s 1200-MW tender
Jindal India Renewable Energy (JIRE), the renewable energy arm of the BC Jindal Group, has secured a 300-MW solar-plus-storage project awarded by state-owned SJVN
Tsingshan looks for investment opportunities in Chile's lithium sector
Chinese metals conglomerate Tsingshan confirmed that it remains interested in potential investments in Chile's downstream lithium sector, contradicting earlier reports that it had abandoned plans for a lithium cathode plant.
Japan’s Eneos pivots investment from hydrogen to LNG
Japanese energy company Eneos Holdings will shift investment from hydrogen to LNG and sustainable aviation fuel.
Revival of Zivojno coal mine seen as key to North Macedonia’s energy transition
The revival of the Zivojno coal mine was identified as a strategic priority for ensuring North Macedonia’s energy security during a working meeting between the general director of the state-owned power producer AD ESM and the mayor of Novaci.
Polenergia posts lower net profit and EBITDA in first quarter of 2025
Warsaw-listed energy company Polenergia reported an adjusted net profit of PLN60.5mn (€14.31mn) for the first quarter of 2025, the company said in a preliminary report on May 12.
Rogun hydro planners boost Tajik megaproject’s projected capacity by 180 MW to 3,780 MW
The planned installed capacity of the Rogun Hydropower Plant, a megaproject under construction, in Tajikistan has been raised by 180 megawatts to 3,780 MW.
AirCar starts crewed test flights of Turkey’s first “flying car”
Turkey’s first domestically developed “flying car”, the fully-electric AirCar, has reportedly started crewed test flights.
European companies make headway in advancing CCS projects
Amid the clamour over continuing wars, trade tariffs and the price of oil, some European firms are steadily pursuing plans to launch a carbon capture industry in Europe, with the North Sea as a point of focus.
BYD Auto records highest European EV sales growth in Turkey
BYD Auto’s European-market electric vehicle (EV) sales growth was at its fastest in Turkey in the first four months of the year, according to Ismail Ergun, general manager of BYD Turkey.
Nigeria launches $500mn SPIN project to upgrade irrigation and hydropower systems
Nigeria has launched the $500mn Sustainable Power and Irrigation for Nigeria (SPIN) project to modernise its irrigation and hydropower infrastructure, aiming to improve food and water security while enhancing climate resilience #bna #nigeria #afrelec
Brazil poised to challenge China's rare earth dominance
Brazil could emerge as a major competitor to China in the strategically critical rare earths market amid escalating global trade tensions and surging demand for these essential elements in high-tech manufacturing.
UAE’s Masdar begins feasibility study for 2-GW wind power plant in Uzbekistan
UAE-based renewable energy company Masdar has begun a feasibility study for a 2-GW wind power plant in Uzbekistan.
GAIL signs MoU with India's Karnataka state to develop 1-GW renewable energy projects
GAIL (India) Limited, a central government-owned energy company, has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to explore the development of renewable energy projects of up to 1 GW in the state.
Persian Gulf Holding signs $2bn deal with two Iranian banks to build 5,000 MW renewable power plants
Wildfires in Syria's Jabal Turkman expand as strong winds hamper control efforts
Wildfires in Syria's Jabal Turkman have expanded due to strong winds as firefighting teams battle the blaze for a fifth consecutive day.
Investors still waiting on proof Turkey can be big rare earths player despite minister’s boasts
Zimbabwe, Mozambique sign deal to enhance energy sector collaboration
Zimbabwe and Mozambique have signed an agreement to facilitate collaboration in electricity, petroleum and renewable energy sectors, NewsDay reported on May 8.
Brazil's solar growth to slow in 2025 amid regulatory shifts, report finds
Brazil’s solar energy growth is expected to slow in 2025, with total installed capacity reaching 19.2 GW, up only slightly from 18.9 GW in 2024, according to the “Global Solar Energy Market Outlook 2025–2029.”
Uruguay’s Ancap targets hydrogen bids amid financial pressures
While Uruguay has focused on green hydrogen in its energy strategy, the country’s geological profile has drawn interest in naturally occurring hydrogen, generated through underground processes
125-KW solar power plant inaugurated in Qom
BioLite acquires controlling stake in Baobab+ to expand off-grid solar operations
BioLite has acquired a controlling stake in African solar distributor Baobab+, strengthening its position as a vertically integrated provider of off-grid renewable energy solutions.
Indonesia expands global carbon trade collaborations
Following a recent agreement between Indonesia's Environment Ministry and the Gold Standard Foundation, Nurofiq highlighted that the Norwegian deal is the most advanced. Negotiations with Oslo have reached a detailed phase.
Mitsubishi joins groundbreaking carbon credit initiative to retire Philippine coal plant early
Mitsubishi Corporation has teamed up with Singapore’s Keppel and Temasek-owned GenZero in a landmark initiative aimed at shutting down a Philippine coal plant a decade ahead of schedule using newly minted “transition credits”
Taiwanese firm secures major energy storage win in Japan
Taiwan-based HD Renewable Energy Co Ltd has clinched 300 MW/1,500 MWh of battery storage capacity in Japan’s latest auction supporting long-term low-carbon energy sources.
Housing estate in KZN province of South Africa goes fully off-grid
Two South African energy solutions companies, Blockpower and Decentral Energy, have commissioned a fully off-grid facility at the Illovo Country Estate in KwaZulu-Natal (KZN) province of South Africa.
Green hydrogen rollout in India slowed by cost gap with grey hydrogen
India’s National Green Hydrogen Mission has outlined a plan to establish the country as a major producer and exporter of green hydrogen.
Young generations face unprecedented climate extremes
More than half of children born in 2020 will experience unprecedented lifetime exposure to extreme heatwaves even if global warming is limited to 1.5°C above pre-industrial levels.
Egypt and Greece to proceed with €4bn undersea electricity interconnection project
Greece and Egypt said they are committed to implementing the proposed undersea electricity interconnection between the two countries to transmit renewable energy from North Africa to Europe.
Indonesia launches first exchange-based market for renewable energy certificates
Indonesia Commodity & Derivatives Exchange (ICDX), also known locally as Bursa Komoditi dan Derivatif Indonesia (BKDI), has received formal approval from the Commodity Futures Trading Regulatory Agency (Bappebti) to establish and operate the country
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