REM - Renewable Energy
Brazil Amazon Fund surges past last year’s total
Hurricane Erick bears down on Mexico's Pacific coast
Hurricane Erick has rapidly intensified as it approaches Mexico's southwestern Pacific coastline, with meteorologists warning it could develop into a major hurricane before making landfall on June 19.
World Bank backs Laos in tackling waste, plastics and pollution
On June 13, the World Bank approved a new initiative aimed at improving waste, plastic and pollution management in Laos, with a particular focus on enhancing municipal solid waste services in the capital, Vientiane.
South African firms Mzansi Energy, Palabora Mining Company seal power purchase deal
South Africa's Mzansi Energy Consortium (Mzansi) and Palabora Mining Company (PMC) have signed a 12-year power purchase agreement, and will develop a private renewable energy project along with the country's first grid-forming project.
Colombia's Huila province pioneers healthcare energy independence with solar initiative
Colombia's Hospital San Carlos in Aipe municipality has achieved full energy self-sufficiency through a comprehensive solar photovoltaic installation, marking the nation's inaugural healthcare facility to operate independently of traditional power.
Ukraine opens key lithium site to private investors under US mineral deal
Ukraine has opened one of its most promising lithium deposits to private investors, marking the first concrete step in implementing a critical raw materials cooperation deal with the United States.
Serbia adopts new law on air protection
The legislation marks the first significant update to Serbia’s air protection laws since 2009, reflecting what officials described as an urgent need to modernise pollution control measures.
Planetary waves triple since 1950, fuelling extreme summer weather
A recent study reveals that summer weather disturbances tied to planetary wave activity have become three times more frequent since the mid-20th century—another indicator of the climate crisis’ intensifying grip.
Indonesia’s Pertamina sets sights on Philippines’ geothermal potential
Indonesia’s state-owned energy firm PT Pertamina is eyeing expansion into the Philippines’ renewable energy space, with a focus on geothermal power.
Peak Energy expands in Japan with 48 MW solar acquisition
Peak Energy, a Singapore-based renewable energy developer backed by US investment firm Stonepeak, has acquired 48 megawatts of high-voltage solar assets in Japan that are ready for construction.
South Korea backs landmark solar project in Saudi Arabia with $225mn funding
South Korea’s Export-Import Bank (Eximbank) has committed $225mn in project financing to support a solar energy development in Saudi Arabia, marking the largest international solar initiative ever led by a Korean firm.
Pakistan emerges as global solar power front-runner, driven by record imports
Pakistan has become one of the world’s fastest-growing solar power producers, outpacing even several developed nations in solar electricity’s share of the national grid
Gorakhpur nuclear plant in India on track, two units to go online by 2031
The Gorakhpur Nuclear Power Plant in Haryana’s Fatehabad district is now progressing steadily, with two of its four reactors expected to be operational by 2031 and the remaining two by 2032
Sound Energy partners with Gaia to produce 270MW of solar power in Morocco
UK Sound Energy has partnered with clean energy firm Gaia Energy to develop up to 270 megawatts (MW) of solar power across several sites in Morocco.
XGS Energy and Meta to Partner on $1bn advanced geothermal project in US
XGS Energy, Inc. and Meta Platforms, Inc. – formerly known as Facebook – have formed a partnership to advance a 150-MW, $1bn geothermal initiative in New Mexico in the southwestern US.
World has spent $18.5 trillion globally for climate damage since 2000
Climate disaster-related spending globally has reached $18.5 trillion since 2000, according to a new analysis by Bloomberg Intelligence.
World Bank will now fund nuclear power projects
The World Bank has announced it will end its longstanding prohibition on financing nuclear energy developments, a major policy reversal from the world’s most influential development lender.
Carbon capture and storage has reached a ‘turning point’, says DNV
A new report from DNV anticipates that total funding for carbon capture and storage will hit $80bn by the end of this decade
Global offshore wind capacity up 14% in last year
Global operating offshore wind capacity has grown from 74.7GW a year ago to 85.2GW, an increase of 14%, says a new RenewableUK report
Carbon pricing rallies more than $100bn a year globally
A recent World Bank publication reveals that governments worldwide generated over $100 billion from carbon pricing in 2024
Saigon Hi-Tech Park sets ambitious goal of 50% renewable energy use in drive towards net zero
Saigon Hi-Tech Park is setting its sights on sourcing over 50% of its energy from renewable sources.
Brazil secures $250mn for industrial decarbonisation
Brazil will receive $250mn from the Climate Investment Funds (CIF) to support its Industry Decarbonisation Programme, the government said.
Russia writes off $297mn hydro energy debt owed by Tajikistan
Russia has written off a $297mn hydro energy debt owed by Tajikistan, Khovar reported on June 16.
Brazil’s Petrobras commits $16bn to low-carbon projects
Brazil’s Petrobras plans to invest $16.3bn in low-carbon projects over the next five years, the company said in its 2024 Sustainability Report.
Poland allocates €633mn to six green hydrogen projects
Poland will allocate PLN2.7bn (€630mn) to six large-scale hydrogen production projects, state development bank Bank Gospodarstwa Krajowego said on June 16.
Serbia moves toward carbon pricing
Serbia is preparing to introduce carbon pricing mechanisms, including some form of carbon tax, a government official said on June 16.
Argentine renewable energy law set to expire without achieving goals
Argentina's renewable energy law is set to expire at the end of 2025 without achieving its ambitious target as the Milei administration's free-market approach signals a shift away from government-directed energy policies.
Argentine government increases bioethanol price
Argentina's government has increased prices for bioethanol used in mandatory fuel blending, according to a resolution published in the government’s Official Gazette.
Nicaragua begins construction of largest solar plant at 70MW capacity
China Communications Country Limited has commenced construction of the 70MW Enesolar-3 solar plant in Nicaragua, which will supply energy to state water company Enacal and cover approximately 40% of its electrical requirements
Number of recorded disasters up 50-fold since 1970 – OWID
Tracking the occurrence of natural disasters can save lives by helping countries prepare for future ones, Our World in Data (OWID) reports.
Atlantic Lithium slashes executive pay and restructures leadership to accelerate Ghana mine
Atlantic Lithium has announced major cuts to executive pay and a leaner leadership structure in a bid to fast-track the development of Ghana’s first lithium-producing mine.
64-MW Stolac Solarni Park solar plant begins operation in Bosnia
The 64-MW Stolac Solarni Park photovoltaic power plant, located near the town of Stolac in Bosnia and Herzegovina’s Herzegovina region, has been connected to the grid and has begun generating electricity.
Swisscontact, BGMEA partner to boost sustainability and inclusivity in Bangladesh RMG sector
Indonesian state-owned insurer partners with South Korea’s KevinLAB for green energy pilot in SOE sector
Indonesian state-owned insurer PT Taspen has entered a tripartite agreement with South Korean tech firm KevinLAB Inc. and local EPC company PT Catur Elang Perkasa (CEP) to implement a green energy initiative
Morocco launches first offshore wind farm project near Essaouira
The project is one of the first investments backed by the Mediterranean Blue Partnership, a multi-donor fund that supports the sustainable blue economy in the southern Mediterranean and Red Sea regions.
Brazil storage projects await auction green light
Brazil’s battery energy storage sector is awaiting the government’s publication of rules for a reserve capacity auction that could unlock gigawatt-scale projects, the Brazilian Association of Energy Storage Solutions (ABSAE) said.
Flash floods, mudslides in Tajikistan inundate farmland, damage irrigation canals
Flash floods and mudslides brought on by heavy rains have caused substantial damage to farmland and two key irrigation canals near the city of Penjikent in northwestern Tajikistan, according to June 16 reports from local media.
Zelestra launches the largest solar plant in Peru
Peru has officially commissioned its largest photovoltaic facility to date, the San Martín Solar plant, marking a significant advancement in the country’s renewable energy landscape.
New IMO rules pose serious problems for sanctioned Russian shipping
The International Maritime Organisation’s adoption of its Net-Zero Framework in April has raised significant compliance hurdles for Russia’s shipping industry.
Climate Investment Funds moves to unlock $2.6bn for South Africa's green energy transition
Lithuanian parliament orders audit of €3bn 700-MW Baltic Sea offshore wind project
Lithuania’s parliament Seimas instructed the National Audit Office to conduct an audit into the involvement of state-owned enterprises in the Curonian Nord offshore wind project in the Baltic Sea.
Madagascar's ANKA partners CrossBoundary Access to invest $20mn in mini-grids nationwide
China's Sinoma to build $25mn wind turbine blade plant in Uzbekistan
China’s Sinoma Science & Technology is set to invest $25.2mn in establising a wind turbine blade factory in Uzbekistan.
Kazakhstan awards Russia, China one nuclear plant project each, Uzbekistan revises its plan to include large facility
Solution favoured by Astana will help balance relations with Moscow and Beijing.
Nuclear energy must anchor Indonesia’s long-term energy plan
Indonesia must urgently place nuclear energy at the heart of its long-term energy strategy to safeguard energy security, boost economic competitiveness, and realise its carbon neutrality ambitions by 2060
Indonesia eyes seaweed as strategic commodity for green growth and investor appeal
Indonesia’s seaweed downstreaming initiative is drawing rising interest from investors, with state investment agency Danantara among those tracking its progress, according to Luhut Binsar Pandjaitan, Chairman of the National Economic Council (DEN)
Singapore's Sembcorp secures first 50-MW RTC renewable power project in India
Sembcorp Industries, through its wholly owned renewable energy arm Sembcorp Green Infra Private Limited (SGIPL), has secured its first 50-MW Round-the-Clock (RTC) renewable power project in India
Japan’s Green Energy & Company raises $7.6mn to advance battery storage and aggregation systems
As Japan pushes to decarbonise its energy sector and improve grid stability, Green Energy & Company has secured JPY1.2bn to expand its large-scale battery energy storage systems.
Bosqar Invest raises €143.2mn with Croatia’s largest corporate sustainability-linked bond
Issuance drew strong demand from both regional and international investors, surpassing its initial target of €110mn.
Fancy a hike in Central Asia’s mountains? Alps episode prompts scientists to issue glacier melt “hotspots” warning
The day before Tajikistan’s recent international glacier preservation summit a massive chunk of snow, ice and rock—a broken-off part of a glacier—collapsed into the Lotschental valley in the Swiss Alps.
Uzbekistan, Russia's Rosatom reportedly revise nuclear project to include both small and large plants
The nuclear power project in Uzbekistan, led by Russia’s state-owned Rosatom, has reportedly been reformatted to include a large nuclear power plant (NPP) together with the small plant the parties previously committed to building.
Chinese state-owned company reveals plans to become one of the largest renewable energy companies in Colombia
China Three Gorges Latam aims to establish 1 gigawatt of renewable energy in Colombia over the next five years, emphasising the need for consistent legal frameworks to support long-term investment, according to country manager Cristian Díaz.
$83mn invested in South Africa's emerging green hydrogen industry, President Ramaphosa says
Nigerian startup Salpha Energy secures $1.3mn funding from Shell-founded All On to boost solar operations
Nigerian clean energy startup Salpha Energy has received a $1.3mn investment from All On, an impact investor established and backed by Shell (UK) to drive growth of the country’s off-grid energy market.
Why South Korea must prioritise bilateral nuclear research over fragmented one-off projects
Should South Korea continue spreading its efforts across short-term, individual projects – often tied to specific, time-consuming contracts – or should it double down on long-term, bilateral nuclear research partnerships?
Republika Srpska to award €800mn Trebinje wind farm project to Chinese company
Republika Srpska, one of the two entities in Bosnia and Herzegovina, plans to award a 30-year concession for the construction and operation of the €800mnTrebinje wind farm (537.5 MW) to China Power PTE through a negotiated procedure.
Asia surges ahead in global EV race as the West struggles to keep pace
Asia has firmly established itself as the epicentre of the global electric vehicle revolution, driven by a powerful combination of vast consumer markets, robust infrastructure and unparalleled control over essential raw materials.
Yinson GreenTech and RMS Marine ink deal to accelerate electric vessel adoption in Singapore
Yinson GreenTech and RMS Marine & Offshore Service (Singapore) Pte. Ltd. have signed a Letter of Intent (LOI) to jointly advance marine electrification and sustainable port solutions in Singapore
Yanmar bets on agrisolar to revive Japan’s farmland by 2030
Yanmar, a century-old industrial firm known for diesel engines and agricultural machinery, has unveiled plans to enhance agricultural sustainability through solar technology integration, aiming to combine food cultivation with clean energy.
Indonesia expands green incentives to commercial vehicles, aims for early net-zero in manufacturing
In a bid to revitalise its automotive sector and promote green mobility, the Indonesian government is expanding its eco-vehicle incentive program to include commercial vehicles
The hidden cost of Indonesia’s nickel ambitions
Indonesia ranks among the top global producers of nickel, a critical component in electric vehicle batteries, smartphones, and wind turbines - making the country central to the global shift toward clean energy
France's GreenYellow and Colombia's Davivienda fund Jeques Solar Park with $8.95mn bridge loan
GreenYellow Colombia and Banco Davivienda have secured COP37bn (approximately $8.8mn) in short‑term financing to acquire the 9.9 MW Jeques solar plant in Cundinamarca.
Tensions with Mongolia force Rio Tinto to make major engineering change at Oyu Tolgoi copper-gold mine
Tensions with the Mongolian government have forced Anglo-Austalian giant Rio Tinto to make a major engineering change at the Oyu Tolgoi copper-gold mine, according to a report from the Australian Financial Review.
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