REM - Renewable Energy

World's largest low-carbon chemical plant advances in Mexico with Samsung partnership

Samsung E&A Co. and Techint Engineering have secured construction rights for a groundbreaking methanol production complex in Sinaloa, Mexico, positioned to become the globe's most significant standalone ultra-low carbon chemical facility

Lithuania urges caution over EU's ambitious 2040 climate pledge

Lithuania's environment minister voiced concern about the European Union's recently confirmed plan to cut greenhouse gas emissions by 90% by 2040, compared to 1990 levels – calling the goal unrealistic without firm financial backing.

Trump pressure pushes BYD out of Mexico

China’s electric vehicle (EV) giant BYD has shelved plans to build a major manufacturing plant in Mexico, citing geopolitical volatility and the current trade stance of the United States under President Donald Trump.

Israel's Gigablue sells 200,000 carbon credits to fund groundbreaking carbon capture tech

The three-year-old company claims its patented particles can trap carbon at the ocean floor when released into seawater, but outside scientists question whether the technology works as advertised.

Czechia registers driest half a year in more than 60 years

Ecuador to receive $1bn in energy investments from China and Spain

Ecuador has secured $1bn in energy sector investments from Spain and China through 2026, marking an early success from President Daniel Noboa's recent diplomatic tour.

Hungarian jobs replaced by Chinese labour at CATL’s new unit

Chinese battery manufacturer CATL has recently terminated the employment of several dozen Hungarian workers at its Debrecen site, including both probationary and permanent staff.

Krakatau Chandra Energi partners with Air Liquide and HDF Energy to advance hydrogen power in Indonesia

PT Krakatau Chandra Energi (KCE), a subsidiary of CDI Group, has signed a Memorandum of Understanding (MoU) with PT Air Liquide Indonesia and HDF Energy to conduct a joint feasibility study on hydrogen fuel cell technology for electricity generation

Czech PM Fiala opposes EU climate goal of 90% CO2 emission reduction by 2040

Ventus establishes Taiwan office to back Asia-Pacific offshore wind growth

Ventus Energy, a specialist in high voltage electrical services for the renewables sector, has launched a regional office in Taichung Port, Taiwan, to strengthen its presence in the fast-growing offshore wind market across Asia-Pacific.

EU-backed Sebzor hydropower plant launched in Tajikistan

CleanMax and Toyota Tsusho to supply Japanese companies in India with renewable energy

CleanMax, a Brookfield-backed renewable energy solutions provider, has entered into a long-term partnership with Toyota Tsusho India Private Limited (TTIPL) to develop and supply clean energy to Japanese corporates operating in India

Google’s CO2 emissions up again in “Age of AI”

Private jets emitted more climate pollution than all Heathrow Airport flights in 2023

A new analysis from the International Council on Clean Transportation reveals that emissions from private jets reached up to 19.5mn tonnes of greenhouse gases in 2023 – marking a 25% rise over the past 10 years.

The beginnings of the climate crisis were detectable 130 years ago

A group of climate experts has suggested that, with the benefit of today's instruments, early signs of human-induced climate change could have been detected nearly a century and a half ago.

Vestas to sell turbines to Eurowind for Romanian projects

Danish wind turbine manufacturer Vestas has received an order for 143-MW turbines by Danish renewable energy company Eurowind Energy for three wind projects in Romania, it said in a press release on its website.

Russian hydropower major RusHydro fail to approve dividends

Previously RusHydro board proposed two options: either paying RUB0.076 per share dividend, implying a 16.4% yield, or skipping payouts entirely. The company last paid dividends for 2022.

Iran ramps up renewables to 2,000 MW, eyes 30,000 MW by 2028 amid summer power crunch

Iran has boosted its renewable electricity generation capacity by nearly 67% after bringing around 800 MW of new capacity online over the past 11 months, as the government of President Masoud Pezeshkian pushes ahead with a major green energy drive.

South Africa gets $475mn AfDB loan to support its low carbon ambitions

The African Development Bank (AfDB) has granted a $474.6mn loan to South Africa to advance the country's transition to a low-carbon economy.

Mexico to host world's largest ultra-low carbon methanol plant with $3.33bn investment

Mexico will become the global epicentre for ultra-low carbon methanol production with construction of Pacífico Mexinol, the country's first facility of this type, according to Transition Industries Chief Executive Rommel Gallo

Battery delay risks Brazil’s green grid

Brazil’s national grid could see renewable energy spills averaging 8% over the next decade, with the Northeast expected to face the highest levels at 11%, compared with 2% in the Southeast and Midwest.

Turkey’s annual solar panel production capacity reach 50 GW versus 4-5 GW of domestic demand

Despite the excess capacity, Turkish panel producers are not able to export their output. The Chinese producers sell 1-MW panels for $90-100,000 in Europe while Turkish producers’ costs stand at $150-160,000 per MW.

Wildfires across Turkey’s western sea coasts continue

Albania’s Vjosa Wild River National Park faces mounting environmental threats, NGOs say

Acciona to sell major wind farm in Peru to Luz del Sur for $253mn

Spanish energy firm Acciona Energía has agreed to sell the San Juan de Marcona wind farm in Peru to local utility Luz del Sur for up to $253mn.