REM - Renewable Energy
FMO considers $60m loan for Egypt wind project in Gulf of Suez
The Dutch entrepreneurial development bank FMO is considering providing a long-term loan of up to $60mn to support the Shuqair Wind Energy project in Egypt
The battery gap: Europe only has 15mins of storage capacity
Europe has been pouring billions into building green energy generating capacity. But it is much further behind on storing that power. Europe's batteries go flat after only 15mins.
Diesel price surge drives Africa telecoms shift to solar towers
Rising diesel prices linked to the Iran war are pushing African telecom operators to accelerate a shift toward solar-powered towers, cutting fuel costs, improving network reliability and reducing dependence on volatile energy supply chains.
Veolia’s digital overhaul of heating network saves Tashkent 1 bcm of gas and slashes emissions
France’s Veolia has saved Uzbek capital Tashkent approximately 1bn cubic metres of natural gas and 33.2mn cubic metres of water over the course of three and a half years via the digital modernisation of the city’s ageing heating network.
TotalEnergies-backed Philippine solar scheme secures funding
TotalEnergies and Nextnorth have secured financing for a 440MWp solar photovoltaic project in the Philippines, marking a further expansion of large-scale renewable energy investment in the country.
ABB Egypt targets $5mn investment in clean energy solutions
ABB Egypt, a subsidiary of the Swiss-Swedish multinational ABB (SIX: ABBN), plans to invest $5mn in clean energy solutions before the end of 2026.
IFC and Norfund finance 315 solar minigrids in Nigeria
A $83.2mn financing package will support the deployment of 315 solar hybrid minigrids across Nigeria, aiming to deliver nearly 500,000 electricity connections in underserved communities
Indonesia secures 1,200-tonne waste supply for power plants
The East Kalimantan Provincial Administration has finalised a strategic daily supply of 1,270 tonnes of waste to fuel its upcoming Waste-to-Energy (PSEL) facilities
India's SWELECT targets 10–15% battery storage market share with backward integration push
Chennai-based SWELECT Energy Systems is planning a strategic push into backward integration, including the manufacture of power electronics, as it aims to secure a 10–15% share of the battery energy storage systems (BESS) market.
Philippines' MGEN income climbs 51% on energy shift
Meralco PowerGen Corporation (MGEN), the electricity production arm of the Philippines' largest power distributor, reported its core net income rose 51% year-on-year to PHP5.1bn ($104mn) in the first quarter of 2026.
Switzerland breaks ground on world's most powerful battery
A construction crew in northern Switzerland is excavating a pit the size of two football pitches and 27 metres deep that will house the world's most powerful battery when it opens in 2029 — a $1bn batter that can supplying 210.000 homes
Vietnam fast-tracks first nuclear plants under tight deadline
Vietnam is accelerating work on its first nuclear power projects as authorities push to meet an ambitious five-year timeline.
Dam project drives relocation of hundreds in Laos
Resettlement is underway in northern Laos as a major hydropower project displaces hundreds of families.
Mozambican electricity company HCB contributed $300mn in taxes and fees to fiscus in 2025
A Mozambican electricity generation company, Hidroeléctrica de Cahora Bassa (HCB), paid $300mn to the government via taxes, fees and dividends in 2025, the national news agency wrote on May 4.
Egypt signs agreement to finance major renewable energy projects
Egypt’s Tahya Misr Holding for Investment and Development has signed a protocol with the Ministries of Electricity and Renewable Energy and Finance to fund a series of renewable energy projects
Renewables have saved Europe €100mn every day since the start of the Iran war
Solar power has been saving Europe more than €100mn a day since the US-Israel war on Iran began, Euronews reports, as the Strait of Hormuz blockade transforms the economics of Europe's energy transition from a climate crisis to a security issue.
Coal mines are leaking vast amounts of methane into the atmosphere and almost no one is measuring it - Ember
Almost five years after 159 countries signed the Global Methane Pledge committing to cut anthropogenic methane emissions by 30% by 2030, coal mines are releasing roughly the same amount of the potent greenhouse gases.
Atomic Eagle advances Zambia uranium project with 58.8mn lb resource
Atomic Eagle Limited (ASX:AEU), an Australian uranium exploration and development company focused on African assets, has launched a major drilling campaign at its flagship Muntanga Uranium Project in Zambia.
Indonesian president announces 13 projects to end the raw export era
President Prabowo Subianto of Indonesia has officially launched the second phase of the country’s national downstreaming programme, breaking ground on 13 strategic projects valued at IDR116 trillion ($6.7bn)
Malaysian company Jaycorp to take full control of energy arm in $3.8mn buyout
Furniture and packaging specialist Jaycorp Bhd is pivoting aggressively toward the green economy, proposing to acquire the remaining 40% stake in its subsidiary, Jaycorp Green Energy Sdn Bhd (JGE), for MYR15mn ($3.8mn) in cash
Zambian leader Hakainde Hichilema launches $100mn solar power plant
Zambia’s President Hakainde Hichilema has commissioned a 136-megawatt (MW) solar power plant constructed by the Copperbelt Energy Corp. (CEC), a local company.
Moldova switches on its largest battery storage system to stabilise renewable energy push
Moldova has commissioned its largest battery energy storage system to date, located in Rădeni in the Strașeni district, with a capacity of 60 MWh, marking a decisive step in its effort to make intermittent renewable energy workable at scale.
South Korean ESS sector offsets slowing EV sales
South Korean battery manufacturers reported divergent financial results for the first quarter as they shifted focus to energy storage systems (ESS) to counter slowing electric vehicle (EV) demand.
South Korea’s Hyundai Engineering funds $310mn US solar
Hyundai Engineering (000720.KS) signed a project financing deal worth $310mn for a solar facility in the US, the company announced on May 3. The funding comes from a consortium including Korea Development Bank.
Australia's giant battery fleet has killed the evening price spike
For decades, the economics of electricity markets around the world have been governed by a simple and expensive daily ritual: as the sun goes down, solar generation drops, demand rises, and coal- and gas-fired plants switch on to fill the gap
India targets energy self-sufficiency by 2047, Gujarat key to green push
India is aiming to achieve complete energy self-sufficiency by 2047, with Gujarat set to play a central role in the transition, according to a government of India press release dated May 1.
Coal India bags battery storage project in Odisha
Coal India (NSE: COALINDIA) has secured a contract from GRIDCO Limited for setting up a battery energy storage system (BESS) project in Odisha, according to a stock exchange filing dated April 30.
Tata Power arm enters solar manufacturing with PV ingot-wafer plan
Tata Power (NSE: TATAPOWER) has announced its entry into upstream solar manufacturing, with its subsidiary Tata Power Renewable Energy Limited (TPREL) approving a new business line in photovoltaic (PV) ingot and wafer production.
World’s largest sand battery survives its worst winter, ready for roll out
The world's largest sand battery can store enough heat to warm a whole town for a week during the worst of a Finnish winter.
Uzbekistan rolls out Fergana Valley circular railway as part of multi-billion-dollar regional development push
Uzbekistan launched an electric train service on a circular railway line in the Fergana Valley as President Shavkat Mirziyoyev paid a visit to the region in the far east of the country.
EV sales on track to capture quarter of Turkey’s auto market in 2026, says trade group
Sales of electric vehicles (EVs) are on track to capture a 25% share of Turkey’s auto market this year, according to Aydin Erkoc, head of the Motor Vehicle Dealers Federation (Masfed).
COMMENT: We are fighting the wrong war
Imagine if an alien bug invaded the earth. I'm not talking about the big slick black monsters that bite your head off from the Alien franchise. I'm talking about tiny little nondescript bugs that gnaw away at plants and have a taste for concrete.
Russia accuses West of wanting to wreck Rosatom’s plans to bring nuclear power to Central Asia
Security Council official says campaign to discredit state corporation is under way.
Brazil solar hits investment milestone
Brazil’s solar sector has exceeded BRL300bn ($60.54bn) in cumulative investment and now accounts for about a quarter of electricity generation, the Brazilian Photovoltaic Solar Energy Association said.
Central Asia green finance grows, led by Kazakhstani private sector
Kazakhstan is Central Asia’s leading market for green and sustainable bonds, and there is strong potential in other countries, according to Manas Gizhduaniyev, chief executive of the AIFC Green Finance Centre.
Renewables met 100% of global electricity demand growth in 2025 that will speed America's decline
For the first time in history, renewables covered all new global electricity demand in 2025, and the oil shock of the Iran war will only accelerate the move away from the reliance on fossil fuels, according to a report by Ember.
Iran rolls out wartime energy curbs, $1.85bn renewables push
Iran’s cabinet approved a package to rein in energy consumption, accelerate renewable capacity and bolster workers’ incomes, First VP Mohammad Reza Aref said, following weeks of conflict straining power infrastructure and public finances.
Colombia's Ecopetrol bonds rally faces political test ahead of vote
Ecopetrol’s bond rally is increasingly tied to Colombia’s presidential election outlook, with investors reassessing credit risk as the vote on May 31 approaches
Brazil drives global forest loss drop
TotalEnergies presses ahead with Iraq projects despite regional unrest
TotalEnergies has confirmed it is continuing to advance its strategic projects in Iraq despite rising regional tensions linked to the Iran conflict and disruptions to shipping through the Strait of Hormuz.
Europe is the world’s fastest-warming continent
“We’ve seen record heatwaves from the Mediterranean to the Arctic, while glaciers have been shrinking and snow cover melting. The evidence is unequivocal: climate change is not a future threat. It is our present reality,” the EC said
China's CATL signs mega-sodium battery production deal to drive the nascent tech's development
The world's largest battery maker has just placed a very large bet on a technology that, until recently, most of the industry considered was science fiction.
China’s JinkoSolar to supply Nigeria with 600 MW in rooftop installations
China’s JinkoSolar Holding Co. Ltd. (NYSE: JKS) has secured 600 MW in new supply agreements to expand rooftop installations across Nigeria amid rising power costs and chronically unreliable grid supply.
Chinese renewable energy group Sungrow installs microgrids at mines in Namibia and Zambia
Sungrow, a Chinese photovoltaic inverter and energy storage systems provider, has installed mining microgrid power solutions at two mines in Zambia and Namibia.
Singapore doubles down on hydrogen-ready gas to secure power through 2031
The Energy Market Authority (EMA) has launched a major request for proposals (RFP) for new combined-cycle gas turbine (CCGT) power plants, signalling that while Singapore is eyeing a low-carbon future
San’ao unit 1 begins commercial operation as China expands Hualong One fleet
The project was approved in September 2020 by an executive meeting of China’s State Council as the first phase of the San’ao plant.
India’s Battery Smart raises $15mn debt to expand EV battery swapping network
The funding will be used to scale the company’s partner-led battery swapping station network in key urban and semi-urban markets.
Indonesia targets $1.25bn in savings through new refinery, energy downstreaming
Investment and Downstreaming Minister Rosan Roeslani has launched the second phase of Indonesia’s strategic downstreaming program, headlined by a major push to overhaul the nation's energy security and slash a multi-billion dollar import bill
Indonesia’s largest rooftop solar project goes live in Cikarang
Indonesia has reached a major clean energy milestone with the official launch of the country’s largest rooftop solar power installation at the Mulia Industrindo industrial complex
Rooftop solar slashes power bills for Vietnam’s households
Rooftop solar is helping business households cut electricity costs, sometimes by as much as VND20mn ($759) a month, while ensuring a more reliable power supply.
Argentina seeks up to $40bn in fresh inflows as RIGI pipeline expands
Argentina is targeting as much as $40bn in additional investment under its incentive regime for large-scale projects, with new proposals expected in the coming weeks, Economy Minister Luis Caputo said
India meets record 256-GW peak power demand without shortages amid summer surge
India has set a new benchmark in power system performance by successfully meeting its highest-ever peak electricity demand of 256.1 GW on April 25, without any supply shortfall, while continuing to export electricity to neighbouring countries.
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