REM - Renewable Energy

Egypt signs two MoUs to produce 5,200 MW of wind and solar energy

COP29: six more countries pledge support for tripling global nuclear energy capacity by 2050

Kazakhstan’s GDP could decline 1.3% by 2060 if climate change floods remain unaddressed, warns ecology minister

Kazakhstan shares plans on regulatory measures aimed at reducing methane and non-CO2 emissions

Profit of Romania’s Hidroelectrica plunges by one third on lower output

Hidroelectrica (BVB: H2O), Romania’s largest energy producer, reported a 22% y/y decline in electricity output to 11.35 TWh for January-September, attributing the drop to regulatory changes and adverse hydrological conditions.

Singapore to reach peak emissions in 2028

Singapore has set a timeline to reach peak greenhouse gas emissions of 64.43mn tonnes (Mt) in 2028, according to its first biennial transparency report submitted to the United Nations on November 11, coinciding with the COP29 climate conference.

SRE takes bold step forward with 800 MW offshore wind project in Taiwan

Synera Renewable Energy Group (SRE Group) has formally submitted the administrative contract for the 800 MW Formosa 6 offshore wind project to Taiwan's Energy Administration.

India’s Adani plans $10bn investment in US energy security, resilient infrastructure projects

India’s Adani Group is planning to invest $10bn in US energy security and resilient infrastructure projects, president Gautam Adani said on November 13 in a post on social media platform X.

Bosnia to build 46km transmission line for Siroka Draga wind park

ADB unveils Glaciers to Farms response to accelerating glacial melt in Central Asia, South Caucasus and Pakistan

Ipoteka Bank and ACWA Power join forces on $1bn CCGT energy project in Uzbekistan

South African Revenue Service seeks contractors to build solar systems at its office network

EBRD lends €5mn to Raiffeisen Bank Kosovo for on-lending to MSMEs

Uruguay launches first solar park as part of $100mn renewable expansion

Latvenergo purchases large-scale solar park from Danish Sun Energy ApS

Turkcell obtains €50mn six-year green loan from TKYB for solar investments

Azerbaijan calls at COP29 for global efforts to save small island states

The UN has repeatedly tried to draw the world’s attention to the plight of small island states as the climate crisis worsens.

Azerbaijan’s president blasts Western "hypocrisy" in combative COP29 speeches

Ilham Aliyev lashes out at France and other Western countries after criticism of COP29 host Azerbaijan over environmental and human rights record.

Albania partners with UAE's Masdar for gigawatt-scale green projects

Agreement aims to help Albania become more energy independent and reduce reliance on coal-heavy electricity imports.

Croatia secures €170mn for sustainable tourism loans

Croatia targets 42.5% renewable energy by 2030, PM says at COP29

INOX Wind secures 87-MW wind turbine order in India

Inox Wind Limited (IWL) on November 12 announced it had won an 87 MW order from Continuum Green Energy, a leading company in the renewables sector.

Brazil urges countries to set ambitious climate targets

Brazil aims to slash greenhouse gas (GHG) emissions by 67% by 2035, compared with 2005 levels, and its Environment Minister Marina Silva has urged other countries to follow suit.

Petrobras reports higher profits, drops plan to sell biofuels unit

Petrobras reported third-quarter net profit of $5.7bn (BRL32.6bn), higher than has been expected. This was a climb of about 22%. It also announced $3bn for shareholder dividends, again higher than the $2bn expected.

Indonesia's PLN partners with Huawei and SDIC Power to advance renewable energy

Indonesia’s state-owned electricity company, PLN, has signed a memorandum of understanding (MoU) with China’s Huawei and SDIC Power to support the country’s journey toward energy independence and renewable energy development.