REM - Renewable Energy

Iberdrola hires Barclays to offload $4.7bn renewable portfolio in Mexico

Spanish energy giant Iberdrola has mandated investment bank Barclays to dispose of 15 renewable energy facilities in its Mexican operations, Reuters reported, citing sources with knowledge of the matter.

Iraqi PM officially launches Shams Al-Basra solar power project in partnership with TotalEnergies

Iraqi Prime Minister Mohammed Shiaa al-Sudani officially launched the implementation phase of the Shams Al-Basra solar power plant on July 23, a landmark project expected to generate 1,000 MW of clean electricity.

ICJ declares healthy environment is a human right in landmark climate ruling

The International Court of Justice (ICJ) has issued a historic advisory opinion recognising a clean and sustainable environment as a human right, declaring that states which fail to curb emissions may be in violation of international law.

South Africa selects Scatec, Red Rocket to build solar projects to generate 1,290 MW

South Africa has approved six solar projects under the seventh bid window of its Renewable Energy Independent Power Producer Procurement Programme.

Argentina's Buenos Aires province launches first energy research hub

Earth overshoot day is already long past – Statista

July 24 marks this year's Earth Overshoot Day, the day that humanity’s demand for ecological resources exceeds the resources Earth can regenerate within that year, Statista reports. That day has already long passed.

South Africa’s utility Eskom ordered to pay over $55mn to Framatome in Koeberg NPP dispute

South Africa’s state-owned power utility Eskom has been ordered by the Western Cape High Court to pay nearly ZAR1bn ($55mn) to French company Framatome over delays in replacing steam generators at the Koeberg nuclear power plant.

Egypt to launch first El-Dabaa nuclear reactor in H2 2028, says PM Madbouly

Egyptian Prime Minister Mostafa Madbouly announced that the first reactor of the El-Dabaa Nuclear Power Plant will officially start operations in H2 2028.

Iranian state-linked holding to invest $15mn in solar energy development

A leading Iranian investment firm plans to pour in IRR13 trillion (nearly $15mn) in renewable energy production through its subsidiaries, as part of efforts to alleviate the country’s worsening power shortages.

Philippines and Taiwan join forces to boost green energy and smart grid development

The Philippines boosts its renewable energy shift via a partnership with Taiwan. Through DTI, PTIC Taipei, and MECO, a Joint Development Agreement was signed between Shinfox Energy and ComClark Network and Technology Corporation.

Taiwan strengthens clean energy push with power from new offshore wind farms

Danish renewable energy leader Ørsted has successfully generated first power from its 920-megawatt Greater Changhua 2b and 4 offshore wind farms.

Pakistan’s rooftop solar boom unsettles debt-laden power sector

Pakistan is undergoing a quiet but significant energy transition as more households opt for rooftop solar installations to reduce dependence on the national grid.

China’s BYD reportedly to delay mass production at new EV factory in Hungary in favour of earlier ramping up of output at Turkey plant

China’s BYD Auto is to delay mass production at its new electric vehicle (EV) factory in Hungary until 2026 and start making cars earlier than expected at a new plant in Turkey where labour costs are lower, Reuters has reported.

China’s Astronergy to build a $700mn and 5-GW solar cell factory in Turkey

Ten workers perish battling wildfires in Turkey

Minister says personnel became “trapped inside” a blaze after a change in the direction of the wind.

Colombia's Ecopetrol secures country's first major geothermal licence

Colombia's state-controlled oil company Ecopetrol has received approval to explore geothermal resources at the Azufral site in Nariño province, marking the nation's inaugural major deep geothermal initiative.

Gulf acquires full ownership of Pak Lay hydropower project in Laos for $28mn

Colombia streamlines solar permits to accelerate clean energy build-out

Colombia unveiled regulatory reforms to accelerate environmental licensing for medium-scale solar projects between 10-100 MW, reducing approval timelines from 152 days to 40 days as part of broader renewable energy commitments.

Latin America urged to boost energy storage investment as renewables surge

The Latin American Energy Organization (OLADE) has issued stark warnings over inadequate investment levels in energy storage infrastructure across the region, as nations grapple with rapidly expanding renewable energy capacity.

Cuba connects two new solar farms to national grid as renewable push continues

Cuba has linked two additional solar farms to its National Electricity System (SEN), each with an installed capacity of 21.8 megawatts (MW), as part of a broader effort to expand renewable energy generation.

Greece's Metlen signs solar energy PPA with Copec in Chile

Greek energy conglomerate Metlen has secured a 15-year power purchase agreement with Copec EMOAC for the annual supply of 450 GWh of renewable electricity from four Chilean solar plants.

Number of Czech plug-in stations exceeds number of gas stations

The number of plug-in stations for electric vehicles in Czechia increased to 3,182 at the end of the first half of this year, the Czech Press Agency reported, quoting figures from the country’s Ministry of Industry and Trade.

Climate crisis is escalating essential food prices

A recent study has revealed that increasingly severe weather patterns linked to climate change are pushing up the prices of essential food items all around the globe, while also presenting broader dangers to public well-being.

Ghana transfers world’s largest Paris-aligned carbon credits to Switzerland

Sri Lanka strengthens nuclear energy groundwork with IAEA infrastructure review