REM - Renewable Energy

ZESA head slams Finance Ministry secretary for stalling power plant projects

Zimbabwe Electricity Supply Authority (ZESA) executive chairperson Sydney Gata has accused Finance Ministry Secretary George Guvamatanga of refusing to guarantee independent power producers’ deals and unlock their funding.

Russian coal major SibAntracite buys green energy

Uzbekistan to produce its first EVs by end of year

Toronto-listed Xebec inks on-site hydrogen contract with unnamed Turkish flat steel producer

ING: Growing metals demand & the issue of emissions

The energy transition provides a great opportunity for the metals industry. Investment in clean energy technologies will boost metals demand. However, while the sector will play a crucial role, it will need to address its own emissions.

Russian petrochemical giant Sibur launches net-zero collaboration platform

Sibur will establish a Low Carbon Emitting Technologies pact with leading international chemical companies and the World Economic Forum to help coordinate climate change responses.

Mozambique receives $6.4mn payment for emissions reductions

Mozambique’s reduction of 1.28mn tonnes of carbon emissions has made it become the first country to receive payment from a World Bank trust fund.

EBRD acquires minority stake in Estonia’s Enefit Green

South Africa’s Globeleq acquires ARC for Renewable Energy, owner of a 66-MW solar PV plant in Upper Egypt

Clean energy in South Africa receives $373bn boost from investment fund

Clean energy projects in South Africa received a capital boost this week with a huge investment from the African Infrastructure Investment Managers (AIIM).

Fitch downgrades Uzbekistan’s hydropower generation monopoly Uzbekhydroenergo to 'BB-'

Ecosphere says Turkey’s net zero emissions by 2053 target looks entirely unrealistic

"We do not know based on what study or report the target has been set," says group, adding that it may simply turn into a “net dream”.

Green policies set to reduce EU gas demand to baseload core

While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.

Completion of 10 MW Oslomej 2 PVPP in North Macedonia expected in several months

Turkish Kaltun Energy obtains permit for 34 MW Dren wind park project in North Macedonia

Mozambique first recipient of World Bank emission reductions payments via Forest Carbon Partnership Facility

Iran reportedly to supply desalination equipment to Kazakhstan for plant on Caspian Sea coast

bneGREEN: Romanian bank BCR issues first green bond

Lender BCR joins a growing number of corporate issuers of green bonds in Romania.

Egypt is in talks to build green hydrogen-fuelled water desalination plant along Suez Canal

Consortium is to develop 500-MW wind farm in Egypt Gulf of Suez at cost of $600mn

Russia to become carbon neutral by 2060

Russian President Vladimir Putin set the goal of carbon neutrality by 2060 during comments in his speech at the plenary session of Russia’s Energy Week on October 13.

Uzbek glass wool producer Ecoclimat raises $5mn loan from EBRD

Turkey reportedly set to receive €3.1bn in international loans to help meet clean energy goals

Solar surge could see Indian coal power peak by 2024

If India keeps installing solar capacity at the rate it has achieved for the last three months, coal-fired power could peak in the 2023-24 financial year.

Germany awards 1,494 MW of onshore wind capacity

Germany’s Bundesnetzagentur (BNetzA) has awarded 1,494 MW of onshore wind capacity at a total of 166 projects as the country’s latest onshore was oversubscribed for the first time since December 2020.