REM - Renewable Energy
African Development Bank says ready to fund solar projects in Egypt as part of $20bn African plan
Australia recognises emissions-beating potential of renewable gases
Australia has moved to formally recognise the emissions reduction potential of renewable gases, including hydrogen and biomethane, with a legislative update that could help accelerate the country’s energy transition.
Vietnam’s national power utility secures €65mn KfW loan for hydropower expansion
Vietnam Electricity (EVN), the country's state-owned power utility, has signed a €65mn ($75.4mn) loan agreement with Germany’s state development bank KfW to fund the expansion of the Tri An hydropower plant.
Where climate change policies are in action - Statista
Last year was the hottest on record, with the global average temperature more than 1.5°C above pre-industrial levels over an entire calendar year for the first time, Statista reports.
IDB approves guarantee to drive investment in Ecuadorian renewable energy projects
The Inter-American Development Bank has approved a $77mn sovereign guarantee for Ecuador to attract private investment in renewable energy projects, forming part of a broader $140mn conditional credit line.
Chile approves new solar power project worth $500mn
Chile's Environmental Impact Assessment System has approved the Radal Solar project, a 280 MWp solar facility with integrated battery storage requiring an estimated $500mn investment.
Can Kazakhstan deliver on the rare earth hype?
The expectation for the "new oil" is huge – but experts point out that it is still far too early to talk about the Central Asian country having massive, confirmed REE resources.
JUWI GmbH to acquire solar panels from Chinese firm JA Solar for two South African projects
German renewable energy group JUWI and JA Solar, a Chinese manufacturer of photovoltaic (PV) technology, have signed two agreements for the supply of 420,000 panels for two projects in South Africa.
Russia and Mali sign nuclear energy cooperation agreement
Russia and Mali have signed an agreement on the development and use of nuclear energy, marking a further step in the deepening relationship between Moscow and Bamako.
Brazil secures $700mn World Bank-backed financing for clean energy, export development
Brazil has finalised a $700mn funding agreement to support micro and small and medium-sized enterprises (SMEs) in implementing clean energy projects and accessing international markets over the next three years.
Brazil’s Petrobras mulls ethanol expansion as part of $2.2bn investment programme
Brazil’s national oil company (NOC) Petrobras is advancing a major ethanol initiative and plans to announce new partnerships in the renewable fuel sector by the end of this year as part of a $2.2bn investment programme spanning 2025-2029
IEEFA warns Indonesia's gas expansion plan may cost state $60bn, undermine renewables push
Indonesia’s plan to add 10.3 gigawatts of gas-fired power capacity through 2034 may saddle the country with up to $60bn in fiscal costs, the Institute for Energy Economics and Financial Analysis (IEEFA) said on June 24
Ecopack to install 2.03-MW solar plant amid Pakistan’s accelerating solar shift
Ecopack Limited, a company in Pakistan’s plastic packaging industry, has unveiled plans to install a 2.03-MW solar power generation facility, in a move aligned with the country’s fast-growing shift to renewable energy
Colombia's solar expansion slows down as grid bottlenecks threaten $3.1bn investment pipeline
Colombia's solar energy expansion faces critical transmission bottlenecks that threaten to derail a $3.1bn renewable investment programme, despite the addition of 13 photovoltaic projects during the first quarter of 2025.
World could cross a dire climate threshold in 2028, says new report
A new scientific report warns that the world could deplete its remaining carbon allowance in just three years, driven by historic levels of greenhouse gas pollution.
Emmvee secures $170mn solar module order from KPI Green Energy in India
Indian solar module manufacturer Emmvee has secured an order worth nearly INR15bn ($170mn) from KPI Green Energy Ltd., a part of Gujarat-based KP Group, to supply high-efficiency TopCon bifacial solar modules
AI could cut climate emissions
Artificial intelligence has the potential to reduce climate-heating emissions by as much as 5.4bn tonnes annually over the next 10 years.
“Invisible peril” heatwaves can kill 500,000 people yearly
Recent scientific studies show that up to 500,000 people die annually from extreme heat, surpassing the toll of natural disasters such as earthquakes, hurricanes and floods combined.
Croatia confirms strong geothermal potential in Velika Gorica well test
A geothermal reservoir near Velika Gorica in central Croatia has shown strong potential for commercial use, with temperatures exceeding 100°C, the Croatian Hydrocarbons Agency said on June 24.
DTEK and Octopus Energy launch €100mn rooftop solar programme in Ukraine
Ukrainian private energy firm DTEK and UK-based Octopus Energy Group have launched a €100mn initiative to install rooftop solar power and energy storage systems for businesses and public sector organisations across Ukraine.
Brazil to push irrigation as climate tool at COP30
Wilson Sons goes fully renewable at Rio base in Brazil
Wilson Sons has begun operating its Rio Offshore Support Base in Guanabara Bay entirely on renewable energy, primarily wind and solar.
Tax barriers and market price caps hinder wind and solar energy growth in Ukraine
Ukraine’s renewable energy sector continues to face significant obstacles, with experts citing tax burdens and market price caps as key factors slowing the development of wind and solar power, despite the country's substantial potential.
NamPower launches construction on 100MW solar power project in Namibia, its largest ever
Namibia's state-owned utility, NamPower, has started constructing a 100-megawatt (MW) solar farm south of the country; the $88.4mn Sores Gaib Power Station is the utility's largest solar energy project to date.
Uzbekistan, France’s Suez and Saudi Arabia’s VIIC ink $78mn deal to develop waste-to-energy infrastructure
Uzbekistan has signed a $78mn agreement with France’s Suez International and Saudi Arabia’s Vision International Investment Company (VIIC) to jointly develop hazardous industrial waste management infrastructure.
Spain’s Ecoener signs $3bn Latin America power deals, expands capacity to 723 MW
Spanish renewable energy firm Ecoener has secured power purchase agreements worth approximately $3bn across Latin America, the company announced during its annual general meeting in La Coruña
Octopus Energy aims to raise $250mn for renewable energy investment in Africa
UK-based Octopus Energy has announced a plan to mobilise $250mn over the next three years in investments in African solar energy, battery storage, e-mobility and power grid reform.
South Africa’s Eskom to go ahead with 5-GW pipeline of repowering projects at coal plant sites
South Africa’s power utility Eskom has confirmed that it has a 5-GW pipeline of “repowering” projects as part of a broader transition plan to supplement and eventually replace its ageing coal-fired power plants with cleaner energy sources.
Barito Renewables secures $121mn loan to boost Salak-Darajat geothermal capacity
PT Barito Renewables Energy (BREN), a green energy company under the Barito Pacific Group and controlled by Indonesian tycoon Prajogo Pangestu, has secured a $121.1mn (IDR1.99 trillion) loan to expand its Salak-Darajat geothermal project
Philippines launches offshore wind guide to address permit bottlenecks
The Philippines has introduced a detailed guide to streamline the offshore wind permitting process, tackling the issue of over 80 permits currently stalling development.
Mizuho launches agrisolar fund and acquires 11MW early FIT portfolio in Fukushima
Mizuho Securities has established a long-term private investment fund focused on agrisolar initiatives and purchased six operating solar plants in Minamisoma City, Fukushima, with a combined capacity of approximately 11MW, as announced on June 20.
Solar Energy Corporation of India issues green ammonia tender to decarbonise fertiliser sector
The state-owned Solar Energy Corporation of India Ltd (SECI) has floated a tender for the annual offtake of 724,000 tonnes of green ammonia, aimed at accelerating the decarbonisation of India’s fertiliser industry, the Indian government said
Brazil pushes for broader climate targets at COP30
Brazil races to finalise carbon market rules
Brazil’s government expects to finalise the first set of regulations for its new carbon emissions trading market by July, the finance ministry said this week. The market is scheduled for full implementation by 2030.
New floods hit Brazil’s south
Farmers powerless to prevent five of the six staple crop yields from plummeting – New Scientist
Efforts by farmers to adapt to rising temperatures will not be enough to prevent severe losses in global staple crop production due to climate change, according to a new study published in New Scientist on June 18.
Ukraine cuts debt to renewable energy producers by 35% over three quarters
Ukraine has reduced its outstanding debt to renewable energy producers by 35% over the past three quarters.
EU announces project aimed at accelerating Turkey’s entry into green, low-carbon hydrogen economy
The European Union on June 19 announced a €3mn ($3.2mn) technical assistance project designed to accelerate Turkey’s entry into the green and low-carbon hydrogen economy.
Revealing Colombia's grid operator XM report highlights risks to electrical system and warns about solar energy in the country
Colombia's electricity system operator XM has issued its first comprehensive warning about operational risks threatening power supply reliability due to widespread infrastructure delays.
OMV Petrom buys 50% stake in Gabare solar park in Bulgaria
Romania’s oil and gas group OMV Petrom said on June 23 it has acquired a 50% stake in Bulgarian project company Dunav Solar Plant, which is building the Gabare photovoltaic park near the capital Sofia, for an undisclosed sum.
World Bank weighs $500mn support for South Africa’s grid expansion
The World Bank Group is looking at providing $500mn to support South Africa in joining a credit guarantee facility to facilitate the country’s energy transition.
Saudi Arabia-based power company ACWA Power plunges head first into Uzbekistan's green energy sector
Saudi Arabia-based utility developer ACWA Power plunged headfirst into the Uzbekistan green energy market. Since making its first investment in 2020 with a 1,500-MW plant in the Silk Road city of Bukhara, it has built $15bn worth of new capacity.
Where the world is losing tree cover fastest – Statista
North America is close on the heels of Latin America when it comes to tree cover loss, according to data published by the World Resources Institute, Statista reports.
Kazakhstan to launch first green hydrogen pilot project in 2024
Kazakhstan will reportedly begin operations at its first experimental green hydrogen facility later this year, as the country positions itself to become a major producer and exporter of the alternative fuel .
Indonesia evaluates Chinese and Russian nuclear technology for the power energy transition
Indonesia is weighing nuclear technologies from China and Russia for its first-ever atomic power plants, as it aims to utilise its substantial uranium reserves in West Kalimantan to support the country’s long-term energy strategy
MIGA political risk cover to support foreign investment in Sri Lanka’s renewable energy sector
HPCL plans to set up 24 compressed biogas plants in India over next three years
State-owned energy company Hindustan Petroleum Corporation Ltd (HPCL) is looking to pump in INR20bn ($231mn) over the next two to three years to build 24 compressed biogas (CBG) plants
India launches startup scheme to boost rooftop solar installations
The Ministry of New and Renewable Energy (MNRE), Government of India, has launched the Innovative Projects Start-Up Challenge focused on Rooftop Solar (RTS) and Distributed Renewable Energy (DRE) technologies
Chinese Sus Environment starts supplying equipment for Iraq’s $500mn first waste-to-energy plant
Chinese firm Sus Environment has started supplying equipment for Iraq’s first $500mn waste-to-energy plant, which will be built in Baghdad.
Uzbekistan, Russia explore paths to large-scale nuclear power and advanced radiation technologies
Tashkent-based Pulseev starts rollout of nationwide EV charging network in Uzbekistan
Construction has begun on a nationwide electric vehicle (EV) charging network in Uzbekistan. Leading the project is Tashkent-based startup Pulseev.
Fitch further downgrades Istanbul-listed Vestel Elektronik to B- with negative outlook
Company moved to six notches below investment grade. Layoffs announced. Sales in Europe under pressure from Chinese competition.
Sri Lanka’s CEB unveils new solar tariffs
The Ceylon Electricity Board has introduced a revised tariff structure for rooftop solar power systems aimed at promoting small-scale installations under a new 20-year agreement.
Globeleq inks deal to acquire 51% in Zambia's Lunsemfwa Hydro Power Company from Norfund
An Africa-focussed independent power producer, Globeleq, has signed a share purchase deal with Norfund for the proposed acquisition of 51% equity in a Zambian power company.
South African start-up Open Access Energy raises $1.8mn for investment in digital power trading platform
A South African start-up which uses AI to enable digital infrastructure for electricity trading has secured $1.8mn to help advance the country's energy transition.
South African wind energy group urges policy shift to boost regional grid access
The South African Wind Energy Association (SAWEA) has said it is possible for the country to generate 10 gigawatts (GW) in new capacity by 2028 if a supportive policy framework is put in place across southern Africa.
KenGen to inject 63 MW of geothermal power into Kenya’s grid by June 2026
Kenya Electricity Generating Company (KenGen), the state-owned power producer, is upgrading the ageing Olkaria I geothermal plant in the Rift Valley as part of plans to expand renewable power supply to the national grid.
China’s JA Solar partners with ARTsolar to promote local PV module production in South Africa
Chinese photovoltaic (PV) module manufacturer JA Solar has formed a strategic partnership with South African PV maker ARTsolar to expand local solar module production.
Haiti plunged into darkness following sabotage at key hydroelectric facility
Haiti experienced a nationwide power outage on June 18 after saboteurs targeted the country's primary hydroelectric installation in Peligre, located in the Central Plateau region.
Zambia partners Baker Global Capital Africa to roll out $40mn project to electrify 209 local institutions
Zambia's government has embarked on a $40mn initiative to install solar systems to generate 50 megawatts (MW) at 209 public institutions east of the country.
MET Group opens Hungary’s largest battery energy system, MOL to follow suit
MET Group, an energy company based in Switzerland with Hungarian roots, has inaugurated 40-MW/80-MWh battery storage at the Dunamenti Power Plant, 20 km south of Budapest (Szazhalombatta).
China’s curb on rare earth magnet exports could significantly impact Indian EV manufacturing
India’s automotive sector is navigating an emerging supply-side challenge as China’s recent export controls on rare earth elements and magnets begin to disrupt shipments and strain global supply networks.
Malaysia to expand gas power by 2030 amid surging data centre energy demand
Malaysia is set to add between 6 to 8 gigawatts (GW) of gas-fired power generation by 2030 to meet the country’s accelerating electricity needs, primarily driven by the rapid growth of data centres, a senior energy official has confirmed
Pakistan cuts GST on solar panels to 10% in revised federal budget
The government of Pakistan has revised its earlier proposal to impose an 18% general sales tax (GST) on solar panels, bringing it down to 10% following widespread criticism and consultations with coalition partners and stakeholders
Indonesia launches its largest solar panel plant to bolster green energy ambitions
Indonesia’s most extensive integrated solar cell and module facility has officially begun operations in the Kendal Special Economic Zone.
World Bank approves $640mn for Bangladesh to boost gas supply and combat air pollution
The World Bank has approved two new projects worth a total of $640mn to support Bangladesh in improving its gas supply and urban air quality, it said in a press release dated June 18.
PEKB in India's Chhattisgarh becomes first coal mine to operate on solar power
The Parsa East and Kanta Basan (PEKB) coal mine in the state of Chhattisgarh, operated by Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL), has become the first mine in the state to run on solar energy
Taiwan donates solar units to light up remote Fijian communities
Taiwan has donated solar-powered home systems valued at $100,000 to support off-grid communities in Fiji, in a bid to strengthen regional ties and improve energy access in rural areas.
First major nickel refinery in US signs $350mn supply agreement with subsidiary of Apex Group-Turkiye
Westwin Elements, America’s first major nickel refinery, said on June 18 that it has signed its first ever binding commercial agreement, a milestone seven-year sales & purchase agreement (SPA) with Turkey’s Golden Age Free Zone Establishment.
Colombia revives twenty renewable projects in La Guajira push
Colombia plans to restart twenty wind and solar energy developments in the northern La Guajira department with combined capacity of 2,400 megawatts.
Brazil leads LatAm in clean energy push
Brazil has topped Latin America in the World Economic Forum’s 2024 Energy Transition Index, ranking 12th globally for its progress on clean energy, the government said.
Nigeria’s solar capacity expected to reach only 1.5 GW by 2035, says GlobalData
Nigeria is projected to reach only 1.5 GW of installed solar capacity by 2035, despite rising electricity demand and growing investor interest in renewable energy, according to new forecasts.
Uzbekistan to pilot South Korean carbon mapping system in ADB-backed urban climate project
Uzbekistan is to pilot a South Korean-developed carbon emissions mapping system as part of an urban planning project supported by the Asian Development Bank (ADB).
Latin America clean energy investment surges 25% to $70bn in decade
Latin America has channelled $70bn into clean energy infrastructure over the past decade, marking a 25% increase that positions the region as a growing force in renewable finance. Chile, Colombia, Costa Rica and Brazil emerged as regional leaders.
MP suggests selling Kyrgyzstan’s 52-tonne gold reserve worth $3.7bn to raise capital for megaprojects
Kyrgyzstan’s gold reserve of 52 tonnes worth $3.7bn should perhaps be sold to raise capital that would be spent on realising megaprojects in the country, an MP was on June 19 reported by local media as saying.
FIC head explains why Uzbekistan today is not the Uzbekistan of five years ago
As Uzbekistan continues its transition toward a more open and market-driven economy, there is progress in attracting foreign direct investment (FDI) and improving the overall business climate.
Ecuador sees surge in self-generation solar power systems
Ecuador's distributed solar energy sector is gaining momentum in Quito, with 568 customers installing self-generation systems totalling 23.9 MW of peak capacity.
South African solar firm Wetility gets $28mn loan from Jaltech
South African fund manager Jaltech has provided $28mn to enable local solar energy company Wetility to add more than 16 megawatts (MW) of clean energy to the national grid.
Ecuador signs $600mn energy deal with Spanish group as minister pledges no 2025 blackouts
Ecuador's Energy and Mines Minister Inés Manzano has revealed that the government will sign a €521mn ($600mn) energy sector agreement with an unnamed Spanish consortium this month.
EU push for green investment in Paraguay clashes with trade deadlock and regulatory tensions
Asunción is preparing to host the high-level EU-Paraguay Investment Forum on 24–25 June, spotlighting renewable energy, green hydrogen, and sustainable logistics under the EU’s Global Gateway strategy.
Malaysia’s Proton eyes EV production in Kazakhstan
Malaysia risks becoming a net energy importer within five years, Petronas chief warns
Malaysia may shift from being a net energy exporter to an energy importer within the next five years, driven by surging electricity demand and growing dependence on advanced technologies such as artificial intelligence (AI)
India's installed power capacity could be 50% non-fossil by December
India is on track to achieve a major milestone in its energy transition, with half of its total electricity generation capacity expected to be from non-fossil fuel sources by as early as December 2025
Colombia's energy storage sector stalls without regulatory framework
Colombia's battery energy storage industry faces development constraints after operating without updated regulation for over two years.
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