REM - Renewable Energy

Energy statistics show we remain an overwhelmingly fossil fuel-based world

Renewables are growing fast, but oil and gas by far still dominate the global energy system.

Europe braces for Super El Niño as scientists warn extreme weather could intensify

Europe is enduring its most intense early summer heatwave on record, with temperatures exceeding 40°C in several countries and breaking local June records across southern and western Europe. Next up is a super El Nino that is appearning now.

EDF secures major solar, storage and digital energy projects in Oman

France’s EDF Power Solutions has strengthened its footprint in Oman’s clean energy sector through a series of landmark agreements signed in Paris during the official visit of Sultan Haitham bin Tarik to France on June 29.

Polish energy firm targets up to €3bn for Ukraine as World Bank outlines $26bn investment roadmap

Polish energy group ELQ plans to invest between €2.5bn and €3bn in Ukraine's energy sector, joining a broader international push to rebuild the country's electricity system as the World Bank identified nearly $26bn in priority energy investments.

Colombia forest resource use rises as productivity weakens in 2024

France's GreenYellow expands Colombia industrial solar footprint with new Meta project

GreenYellow Colombia has commissioned a 1.45MWp self-generation solar park for Cerámica Industrial del Meta (CIMET) in Acacías, Meta department, a project expected to generate about 2.2GWh of electricity annually and supply around 30%

AES bets on panels because El Salvador's grid has no other option

AES and ECORAY launched the $60mn Santa Ana IV solar plant to protect El Salvador's vulnerable grid from El Niño blackouts. With 186MW under management, AES now controls a quarter of national solar output as wires become the new bottleneck.

Burundi inaugurates 17MW Mulembwe hydropower plant, completing 49.5MW Jiji-Mulembwe project

Burundi has inaugurated the 17MW Mulembwe hydropower plant, completing the 49.5MW Jiji-Mulembwe scheme, one of the country's largest infrastructure projects, backed by the AfDB, World Bank, EIB and EU.

Egypt issues $500mn sustainability samurai bonds backed by AfDB guarantee

Proceeds from the issuance will be allocated to eligible expenditures under Egypt's Sovereign Sustainable Financing Framework, including healthcare, education, renewable energy, energy efficiency, climate adaptation, water and wastewater

Kazakhstan launches 1 GW Masdar wind project in Zhambyl

Philippines secures $1.02bn World Bank green loan

The Philippines secured a $1.02bn financial package from the World Bank Group to lower electricity costs, expand renewable energy, and improve water infrastructure.

Philippines turns to rooftop solar as prices climb

Citizens across the Philippines are snapping up rooftop solar installations to escape punishing utility bills, making the country the world's largest buyer of solar technology since the conflict in Iran began.

Pakistan moves towards local lithium-ion battery production through China partnership

Pakistan has taken a significant step towards developing a domestic energy storage industry after the Saigol Group signed a memorandum of understanding with China’s Juhang Energy Technology Group to explore local production of lithium-ion batteries.

Acciona bets on Brazil despite global uncertainty

Spain's Acciona sees Brazil as a priority market despite growing global uncertainty, with the country's energy mix and infrastructure framework offering opportunities for long-term investment.

Brazil’s JBS steps up biomethane investment

JBS and Âmbar Energia will invest BRL65mn to expand biomethane production from waste generated at Friboi facilities, aiming to almost quintuple output for use in the group's industrial operations and transport network.

Thailand targets 60% clean electricity by 2050

Thailand is moving closer to adopting a new long-term power strategy that aims to source 60% of the country’s electricity from clean energy by 2050.

Vietnam Vingroup advances Philippines clean energy and solar projects

Vietnam’s Vingroup has strengthened its push into the Philippine energy market by signing major renewable energy agreements to boost clean power generation and support the country’s energy transition.

BYD drivers gain wider EV charging access across Vietnam

BYD electric vehicle owners in Vietnam will soon have access to a larger nationwide charging network through a new partnership with local charging provider FUTA EV Power.

Mexico details new 32 GW renewable plan, valued at $42bn

Mexican officials announced a renewable energy expansion plan targeting 32 gigawatts (GW) of new electricity capacity by 2030 at a June 28 press conference. 70% of that total is to be sourced from clean energy.

Colombia vehicle exports jump 191% in first four months

Colombia new-car sales jump 50.1% in first half as electric vehicles surge 235% to four in ten registrations

Scatec confirms plans to inject $5bn in Egypt’’s green infrastructure projects

Zimbabwe's Kamativi Mining Company invests $25m in 36MW solar plant to cut power costs

Kamativi Mining Company (KMC) is investing $25 million in the construction of a 36-megawatt (MW) solar power plant as part of efforts to reduce costs, improve energy security and support Zimbabwe’s drive for increased renewable energy generation.

Sub-Saharan Africa's green transition could create up to 84.5mn jobs by 2050, report says

Africa's green transition is expected to be driven by decentralised, service-based industries such as clean cooking, off-grid solar, waste recycling and electric mobility.

India turns to global alliances to accelerate wind power growth

The government of India is of the view that wind energy will also play a vital role in the country's energy transition plan, according to a note published in mid-June.