REM - Renewable Energy

Alternergy secures second wind project in the Philippines' Batangas

Alternergy Holdings Corporation (ALTER) is advancing the Philippines' renewable energy agenda with its latest acquisition of a 150 MW onshore wind project in Batangas.

Algeria plans build submarine power cable to transport renewable energy to Italy

Hungary’s state energy company delivers robust earnings even as revenues retreat

Hungarian state-owned energy giant MVM Group posted a net profit of HUF324bn (€800mn) for 2024, down from the record HUF369bn a year earlier but still one of its strongest results on record.

Zambia to add 100 MW of solar energy in May 2025

The Chisamba Solar Power Plant, the paper wrote on April 30, will, when fully operational, provide electricity for about 30,000 households, assisting in reducing a power deficit that has affected the southern African nation since early 2024.

First solar panel set installed on government building in Iran

Iran has set up its first rooftop solar power system on a government building, as part of a broader push to redouble efforts in renewable energy and cut down on chronic electricity shortages.

Kazakhstan agrees 10-year deal with Tajikistan for “Rogun” electricity, but export start date is anybody’s guess

Kazakhstan has inked a 10-year deal to import electricity from Tajikistan, but power is to flow from latter’s Rogun Dam hydro megaproject, and there is little clarity on when infrastructure will be ready to deliver enough electricitity to export.

Brazil's Belém braces for COP30, concerns remain over infrastructure gaps

Artificial Intelligence and electricity: a new energy challenge

The rapid growth of Artificial Intelligence is transforming how industries operate, particularly the electricity sector.

Bioeconomy’s forest future faces old lessons in Brazil

ERG and China’s TCC to build Kazakhstan’s first ferroalloy-gas power plant

Luxembourg-headquartered Eurasian Resources Group (ERG) has signed an engineering, procurement and construction (EPC) contract with China Tianchen Engineering Corporation (TCC) to build Kazakhstan’s first ferroalloy-gas utilisation power plant.

Cuba and China deepen mining ties amid strategic realignment

Cuba and China have formalised a new memorandum of understanding to enhance bilateral cooperation in the geological and mining sectors.

Romania to fast-track completion of hydropower projects under national security designation

Romania will classify its unfinished hydropower infrastructure as a national security priority in May, with the aim of accelerating their completion and integrating them into the national grid, acting President Ilie Bolojan announced.

Indonesia’s Indorama to invest $2bn in US blue ammonia project amid rising tariffs

Indonesia’s Indorama Corporation is set to invest $2bn (approximately IDR34 trillion) in a blue ammonia facility in Louisiana, United States, as part of its global expansion strategy and in response to new US trade barriers

Indonesia greenlights first nuclear power plant with Rosatom, targets 2030 launch

Indonesia has approved a landmark proposal from Russian state-owned nuclear giant Rosatom to build the country’s first nuclear power plant, with operations expected to begin between 2030 and 2032

Pakistan approves 10-year power expansion plan, to save $17bn by scrapping costly power projects

Prime Minister Shehbaz Sharif has approved the revised 10-year Indicative Generation Capacity Expansion Plan (IGCEP 2024–34), which is projected to save the national economy PKR4,743bn ($17bn) by eliminating nearly 8,000 MW of expensive power project

Lautec secures key inspection role for Taiwanese offshore wind development

Lautec has entered into a consultancy framework to provide inspection expertise for the 495 MW Fengmiao 1 offshore wind farm, situated around 35 kilometres from Taichung City, Taiwan.

Iranian investors deterred by red tape, lack of incentives from developing renewables

Iran’s efforts to drum up investment in renewable energy have backfired, a survey has found, blaming bureaucratic hurdles and a lack of financial incentives for driving investors away from the sector.

Bulgaria, Romania in talks with US on hydropower, nuclear power plants

DTEK to build 500 MW of energy storage capacity as Ukraine targets power resilience

DTEK Renewables, a subsidiary of Ukraine’s largest private energy group, has announced plans to develop energy storage facilities (ESF) with a total capacity of up to 500 megawatts.

Azerbaijan’s central bank unveils green finance roadmap

Enel Chile announces significant divideds amid rising renewable operations

Enel Chile S.A. has declared a significant dividend distribution following approval from its Ordinary Shareholders' Meeting, confirming plans to distribute a final dividend of CLP 72,556,076,401.

Azerbaijan builds large substation to integrate 2 GW of renewable energy

Biofuel production needs $1bn investment, says Wood Mackenzie director

Increasing the production of biofuels will require investment of around $1bn, according to Ian Simm, director at Wood Mackenzie, who spoke at the Caspian and Central Asia Oil trading and logistics forum in Baku last week.

Spanish blackout caused by extreme weather and a major renewables failure for the first time

A widespread blackout that plunged Spain, Portugal, Andorra and parts of southern France into darkness this week was caused by extreme weather events that saw the renewable power system collapse, as now the third disaster starts.

Fortum has no intention to return to Russia

Renewable energy major Fortum has no intention to return to Russia, the company said in its 1Q25 interim financial report.