REM - Renewable Energy

IEA says battery costs have plunged by 75% since 2015

You might have noticed that batteries are everywhere these days. They power phones and many other gadgets, but also more and more cars, bikes, scooters and vans.

India's Andhra Pradesh state plans to set up small nuclear power plants

The Indian state of Andhra Pradesh is keen to set up small nuclear power plants

JSW Energy signs power purchase deal with India’s West Bengal

JSW Energy Limited has penned a power purchase agreement with West Bengal State Electricity Distribution Company Limited for a greenfield 1,600 MW (2 x 800 MW) super/ultra super critical thermal power plant, JSW Energy said in a press release

Indian renewable energy company Gensol Engineering to raise $69mn to reduce debt

Mumbai-listed renewable energy company Gensol Engineering Limited’s Board of Directors has approved fund-raising initiatives amounting to INR6bn ($69mn) aimed at enhancing its financial standing, the company said in a press release

Saudi launches SAR1bn financing programme to boost private sector environmental protection

Uzbekistan’s passenger car imports drop over threefold in February

Uzbekistan’s passenger car imports fell sharply in February, dropping 3.53-fold in value and 2.82-fold in volume compared to February 2024, according to Spot, which cited customs committee figures.

South Africa to get $5.1bn EU investment into its green energy sector

The European Union has unveiled a $5.1bn investment package for South Africa to support development of green energy projects and vaccine production.

Environmental groups caution against overdevelopment of river resources in Central Asia

Call on international financial institutions to reevaluate projects.

Egypt plans to build four renewable energy projects under NWFE programme

Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, said that four renewable energy projects under the Nexus of Water, Food and Energy programme will be connected to the national grid by summer 2025.

The countries improving air pollution most – Statista

Countries in Central and Southeast Asia as well as in Eastern and Southern Europe have improved their air quality most since before the pandemic, a newly released report by IQAir among 93 countries and territories has found, Statista reports.

Belarus asks Russia for a second nuclear power plant

Belarus has formally requested Russia's assistance in building a second nuclear power plant within its borders as electricity consumption rises.

INTERVIEW: EBRD backs oil-rich Kazakhstan’s green transition push

Kazakhstan is richly endowed with fossil fuels, yet the country is making a concerted effort to invest into renewables and prepare itself for the green transition, says the EBRD’s head of Central Asia Hüseyin Özhan.

Genneie receives approval to expand Argentine solar park

Argentina's National Electricity Regulatory Authority (ENRE) has granted approval for Genneia to significantly expand the Anchoris solar park in Mendoza's Luján de Cuyo department.

Egypt Aluminium signs agreement with Scatec to establish $650mn solar project

Mirova’s Gigaton Fund invests in climate tech firm Koko’s expansion across Kenya and Rwanda

Red Rocket reaches financial close for 242-MW phase of Overberg Wind Farm in South Africa

South African renewable energy independent power producer (IPP) Red Rocket has achieved financial close on the first 242-MW phase of the Overberg Wind Farm in South Africa.

Global Solar Council forecasts Africa solar capacity to double in four years

The Global Solar Council (GSC) has released its Africa Market Outlook for Solar PV 2025-2028 with an in-depth analysis of the continent’s solar photovoltaic (PV) growth in the next four years.

EU, Kazakhstan sign series of Global Gateway agreements worth over €200mn

The EU and Kazakhstan signed a series of deals aimed at deepening bilateral cooperation under the bloc's Global Gateway strategy as part of European Commissioner for International Partnerships Jozef Síkela’s visit to the Central Asian country.

Malaysia’s Okapi Technologies secures $2mn debt facility to expand solar financing

Malaysia-based climate fintech startup Okapi Technologies has secured a debt facility of up to $2mn, arranged by Aquila, to drive solar energy adoption across Southeast Asia

Malaysian Terabase Energy secures $130mn in SoftBank-led funding to expand solar technology

Solar technology firm Terabase Energy has raised $130mn in a funding round led by SoftBank, marking the largest investment in the company’s history,

Agrivoltaics seen as potential boon for Vietnam's agriculture, but policy hurdles remain

Economists and business insiders say integrating solar power into Vietnam's agriculture sector, known as agrivoltaics (APV), holds significant promise for clean energy generation and boosting farm incomes, but policy and investment challenges persist

Colombia's ISA's ambitious $33bn investment plan to 2040

Colombian infrastructure conglomerate, Isa, has unveiled an ambitious investment strategy, targeting between $28.4bn and $33.1bn by 2040.

Billion Watts technologies unveils 262MWh battery storage project in Taiwan

Billion Watts Technologies, a subsidiary of Billion Electric specialising in solar and energy storage, has successfully completed a 64MW/262.43MWh battery energy storage system (BESS) in central Taiwan.

Nigeria partners with Oando Clean Energy for 1.2-GW solar module plant

Nigeria’s Rural Electrification Agency has partnered with Oando Clean Energy to develop a 1.2-GW solar module assembly plant, aiming to enhance the country’s renewable energy sector,

Major deals secured during Uzbek president's state visit to France

Uzbekistan's President Mirziyoyev during March 11-13 visited Paris for a state visit at the invitation of French President Macron. During his time in France, several agreements in energy, infrastructure, education and healthcare were signed.