REM - Renewable Energy

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 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

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

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.