REM - Renewable Energy
Brazil ethanol exports to EU stall after trade deal launch
Brazil's ethanol exports to the EU under the new EU-Mercosur interim trade agreement have been slow since May 1, as uncertainty over quota allocation, licensing procedures and end-use compliance has discouraged shipments.
Korea’s Hyundai Motor announces $65mn battery plant investment in Turkey
South Korea’s Hyundai Motor has announced a €55mn ($65mn) investment in Turkey to establish a battery plant that will serve its electric vehicle (EV) production in Turkey.
Rio Tinto’s giant Mongolia copper mine blocked by protesters, exports halted
Demonstration demands higher percentage of profits go to ordinary Mongolians.
Electric and hybrid vehicle numbers remain on the rise in Turkey
The number of electric vehicles (EVs) on Turkey’s roads reached 436,474 as of May, according to data from the Turkish Statistical Institute (TUIK, or TurkStat) released on June 16.
Brazil’s energy upgrade gets Japanese backing
Japan International Cooperation Agency (JICA) has agreed to provide BRL764mn ($130mn) in financing to Neoenergia Coelba to support upgrades to the electricity distribution network in the northeastern state of Bahia.
Italy signals interest in Tanzania carbon market investment as climate talks advance
Italy has expressed interest in investing in Tanzania’s carbon market and environmental conservation projects, as both sides deepen cooperation under the Paris Agreement’s carbon trading framework.
Singaporean climate company builder 100×100 launches $100mn fund
Accelerating the shift away from arms-length venture investing in sustainability, Singapore-based climate company builder 100×100 (formerly known as Wavemaker Impact) has expanded its capital base
IAEA endorses Malaysia’s nuclear energy blueprint
The International Atomic Energy Agency (IAEA) has formally endorsed Malaysia’s readiness to construct a sovereign nuclear power programme
India and Japan formalise carbon credit framework
India and Japan have adopted the operational rules governing their bilateral carbon crediting arrangement, according to a press release by India’s Ministry of Environment, Forest and Climate Change.
India's Kudankulam Unit 5 reaches key milestone with reactor vessel installation
India’s Kudankulam Nuclear Power Plant has reached a key construction milestone with the installation of the reactor pressure vessel for Unit 5, paving the way for the next phase of equipment assembly.
Korea’s POSCO International strikes deal with Mongolia’s Erdenes Mongol to develop critical mineral production
South Korea’s POSCO International (047050.KS) has struck a deal with Mongolian state-owned miner Erdenes Mongol to develop critical mineral production and technology complexes, according to a report.
Colombia oil rig activity falls to lowest since 2022 amid field blockades
Colombia's active drilling fleet fell to its lowest level since November 2022 in May as prolonged blockades in key producing regions disrupted operations and weighed on crude output, industry association Campetrol reported
Colombia's Ecopetrol pauses Brava offer after Brazil regulator seeks changes
Ecopetrol's planned acquisition of Brazilian oil company Brava has been temporarily suspended after Brazil's securities regulator requested amendments to the transaction documents, the Colombian state-controlled energy producer said
Norway's ECOnnect to deliver jettyless LNG system for Colombia's second import terminal
Norwegian technology company ECOnnect Energy has been contracted to supply its IQuay F-Class jettyless transfer system for a new liquefied natural gas import terminal at Cartagena Bay — Colombia's second LNG gateway on the Caribbean coast
Colombia Pacific LNG import terminal targets November launch
Colombia's first liquefied natural gas import terminal on the Pacific coast is expected to begin operations in November, marking a key step in strengthening gas supply security in the country's southwest
First phase of $1.4bn solar project in Kyrgyzstan goes operational
The first phase of a planned $1.4bn and 1.9-gigawatt solar project in Kyrgyzstan, has gone operational, the government has announced.
Slovak environment minister says six turbines at Gabčíkovo hydro plant had to be fixed
Slovak Minister of Environment and Vice Prime Minister Tomáš Taraba said that six turbines at the Gabčíkovo hydroelectric power plant (HPP) on the Danube river had to be fixed to secure their functionality.
Ukraine's electric vehicle market surges as charging infrastructure races to catch up
Ukraine's electric vehicle market has expanded nearly tenfold over the past five years.
BYD expands Brazil battery push
Chinese carmaker BYD said it will invest BRL500mn ($85mn) in Brazil to manufacture energy storage batteries, expanding its operations in Latin America’s largest economy.
Mexico awards 37 renewable energy projects totalling 7.4 GW in landmark private-public power shift
MPC Energy Solutions' Guatemala solar plant nears commercial launch after permit clearance
EDP launches first South American battery storage plant with $44mn Chilean project
Portuguese utility EDP has commenced operations at its 240-MWh Punta de Talca battery energy storage system (BESS) in Chile, marking the company's first such project in South America.
Brazil's Fortlev Solar enters Bolivian market with solar mounting technology via Amesol tie-up
Brazilian photovoltaic systems manufacturer Fortlev Solar has struck a distribution partnership with Bolivian group Amesol to bring its Lastro Solar ballast technology to Bolivia.
El Salvador secures $9.7mn Kuwaiti loan to expand San Matías solar capacity
El Salvador's Legislative Assembly has authorised a loan of up to $9.69mn from the Kuwait Fund for Arab Economic Development to finance the San Matías photovoltaic solar plant project in the La Libertad department.
First WATT Renewable and MTN Nigeria launch renewable energy programme
First WATT Renewable Limited and MTN Nigeria have launched a renewable energy programme that will deploy solar and battery systems across critical telecommunications facilities and support electric vehicle (EV) charging infrastructure
South Africa’s national nuclear energy agency pushes for sector rejuvenation and growth
The South African Nuclear Energy Corporation (Necsa) has launched six high-impact programmes aimed at strengthening the country’s nuclear sector, increasing revenue and supporting long-term industry growth.
China issues $50bn warning to Indonesia, slamming nickel production cuts
China has issued a multi-billion-dollar warning to the Indonesian government amidst the economic escalation across the global electric vehicle supply chain
South Korea wins $350mn Oman plant deal
South Korean plant builder Doosan Enerbility (034020.KS) won a KRW530bn ($350mn) contract to construct a combined-cycle power plant in Oman, the company announced on June 15.
Pakistan’s Pioneer Cement approves 28-MW solar project to cut energy costs
Pakistan’s Pioneer Cement Limited (PSX: PIOC) has approved the installation of a 28.3-megawatt solar power plant at its manufacturing facility in Chenki in Punjab, as part of efforts to reduce energy costs.
Vietnam expands wind power ambitions for 2030
Vietnam is betting on wind power to fuel its green transition amid the energy uncertainty, while fuel price is changeable.
Estonia’s Sunly to invest €100mn in Latvia's largest hybrid renewable energy project
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Colombia's President Petro plans Air-e liquidation to overhaul Caribbean power system
Colombian President Gustavo Petro announced plans to liquidate Air-e, the troubled Caribbean region electricity distributor, transferring its assets to a newly formed public utility as part of a comprehensive restructuring
Colombia positioned for $184mn EV charging infrastructure expansion through 2035
Colombia represents a significant investment opportunity in electric vehicle charging infrastructure, requiring approximately $184mn in capital deployment through 2035 to support rapid growth in the sector
OMV Petrom to invest €300mn in solar and storage project in Bulgaria
OMV Petrom will build a large-scale solar and battery storage project in Bulgaria, in a further expansion of its renewable energy portfolio in Southeast Europe.
Holocene closes Southern Africa's first dedicated climate-tech fund
Holocene Ventures has completed the final close of Holocene Ventures Fund I, described as Southern Africa's first dedicated high-growth climate-technology fund. The fund has invested in ten startups over the past 18 months.
Africa's local solar firms see funding plunge 81% as capital shifts to larger players
Locally owned off-grid solar companies in Africa raised just $9.9mn in 2025, down 81% from the previous year and 88% below 2023 levels, according to GOGLA. Overall sector investment remained stable at $315mn.
Pakistan launches first carbon market pilot at Lahore landfill
Pakistan has launched its first Carbon Market Pilot Project at the Mehmood Booti landfill in Lahore, a move aimed at reducing greenhouse gas emissions, expanding renewable energy generation and creating new avenues for climate-related financing.
Malaysian PM breaks ground on $49mn Sabah Southern Madani link power bridge
In an expansion of its infrastructure equity agenda, the Malaysian Federal Government has designated the Sabah Southern Madani Link (SSML) as a national strategic development anchor
Uzbekistan's solar and wind power output exceeds 5bn kWh in under six months
Uzbekistan generated more than 5bn kWh of electricity from solar and wind power from the start of this year to June 8, according to the Ministry of Energy.
India’s soaring summer heat a growing drag on economic growth
India’s increasingly severe summer heatwaves are becoming a structural threat to economic growth, raising costs for businesses, reducing worker productivity and slowing growth in an economy that remains heavily dependent on physical labour.
Mozambique electricity output rebounds 9% in Q1 2026 on hydropower's post-drought recovery
Mozambique's electricity production rose 9% year-on-year in the first quarter of 2026 as improved water inflows boosted hydropower generation following a drought-hit 2025, Portuguese news agency Lusa reported on June 11.
Kazakhstan, Saudi Arabia sign rare earths and mining cooperation pact
Kazakhstan and Saudi Arabia signed a memorandum of understanding on cooperation in rare earth metals, critical minerals and the broader mining sector during the opening of the Astana Mining & Metallurgy Congress 2026.
Philippines' Petron plans jet fuel storage expansion
Petron Corp. intends to expand fuel storage capacities at its Limay terminal in Bataan, the Philippine energy firm announced on June 10.
Foxconn, Brookfield sign green energy deal in Vietnam
Taiwanese manufacturing firm Foxconn (2317.TW) and US investment giant Brookfield will jointly build up to 1 GW of wind, solar and battery storage capacity in Vietnam, the companies announced on June 9.
Indonesia, Singapore forge dual alliance, locking down 200MW captive solar block
Indonesia and Singapore have formalised an extensive industrial and tech framework at the 16th Singapore-Indonesia Six Bilateral Economic Working Groups Ministerial Meeting held in Jakarta on June 9
World Bank projects 277GW offshore wind potential for Indonesia
As part of a major re-evaluation of Southeast Asia's clean energy map, a comprehensive technical assessment by the World Bank has revealed that Indonesia possesses an unexploited 277-gigawatt (GW) offshore wind energy resource
LG Energy Solution wins China patent dispute
South Korean battery giant LG Energy Solution (373220.KS) has effectively won its long-running patent war against Chinese rival Xinwangda (300207.SZ), Tulip Innovation and Xinwangda announced in a joint statement.
Juniper Green commissions 305 MW of renewable energy capacity in India's Gujarat
Juniper Green Energy has commissioned 305 MWp of new renewable energy capacity in Gujarat, expanding its generation portfolio.
Solar Energy Corp of India launches tender for 1.2-GW renewable energy projects with storage
The Solar Energy Corporation of India (SECI) has issued a tender for the development of 1.2 GW of interstate transmission system (ISTS)-connected renewable energy projects integrated with energy storage systems.
Mongolia selects NFC to build copper smelter for Erdenet Mining Corp
Mongolia has selected China Nonferrous Metal Industry Foreign Engineering and Construction Co (NFC, ticker symbol: SHE: 000758) as investment and cooperation partner for the establishment of a copper smelting and processing plant.
EU's plastic garbage exports to Turkey reach all-time high
Country has opportunity to move “zero waste” agenda item from rhetoric to actual implementation ahead of COP31 co-hosting, says Greenpeace.
Chile sets 20% zero-emission vehicle sales target by 2030 in updated electromobility strategy
Chile's government has unveiled an updated electromobility strategy through 2030, setting out a new roadmap to accelerate the transition to clean, efficient transport and reduce the country's structural dependence on imported fossil fuels.
Argentina lobbies EU to block proposal threatening soybean biodiesel exports
Argentina is stepping up efforts to persuade European Union lawmakers to reject a proposal that would remove soybean-based biodiesel from the bloc's renewable energy targets, a move that industry officials say could jeopardise exports.
Egypt launches $86.4mn tender for El Dabaa Nuclear plant power grid connection
Egypt’s Ministry of Electricity has launched an international tender to construct a 500 kV ultra-high voltage power line designed to connect the El Dabaa Nuclear Power Plant to Egypt's national grid
Rising oil prices fuel Chinese NEV sales boom
China’s new energy vehicle (NEV) production and sales recorded double-digit year-on-year growth in May, the China Association of Automobile Manufacturers (CAAM) reported on June 10.
DEME pins down offshore wind deal in Japan
The contract covers engineering services and vessel charter for the offshore installation of 21 wind turbines.
Singapore’s nuclear question
Singapore has been looking long and hard into energy sources the island can still explore.
Reliance, Meta partner to build 168-MW AI-enabled data centre in India
Reliance Industries Limited (NSE: RELIANCE) and Meta Platforms (NASDAQ: META) have entered into a partnership to develop a 168-MW AI-enabled data centre in Jamnagar, Gujarat.
NTPC Green to develop 250-MW solar-plus-storage project in India's Uttar Pradesh
NTPC Renewable Energy Limited (NREL), a wholly owned subsidiary of NTPC Green Energy Limited (NSE: NGEL), will develop a 250-MW solar power project integrated with a Battery Energy Storage System (BESS) on vacant defence land.
EIB re-engages with Turkey, enters into two €100mn financing operations for green on-lending
Dummy fuel assemblies loaded at Turkey’s Akkuyu nuclear power plant project
The loading of 163 dummy nuclear fuel assemblies in the first unit of Turkey's Akkuyu Nuclear Power Plant marks a key part of the commissioning process for the country’s first such power station, says a trade journal.
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