REM - Renewable Energy

World Bank funding brings key Malawian hydro-power plant back on the grid

Africa needs $700bn in green, metals financing

Africa will need over $7bn in finance over the next decade for developing renewable energy and for extracting metals for the energy transition. This is according to a senior executive with South Africa’s Standard Bank Group.

Croatia to add 2.5 GW new renewables by 2030

Croatia plans to ramp up its renewable energy capacity by the end of the decade, said the country’s economy minister, Davor Filipović. “Our goal is to have more than 2.5 GW of new renewable energy sources by 2030," he said.

Kosovo issues tender for 100 MW solar power project

US EPA proposes stricter rules for power plant emissions

The Environmental Protection Agency (EPA) in the US has proposed more stringent rules for power plant emissions that may force some coal plants to close.

Norway postpones onshore wind tax

Norway has delayed by a year until 2024 a planned “ground rent tax” that would have cost wind energy firms 40% of their revenues. The tax, to benefit local and state finances, would have been applied to existing and new wind farms.

Masdar, IRENA to create roadmap to triple global renewable energy by 2030

Masdar and the International Renewable Energy Agency (IRENA) have agreed to create a roadmap to triple global renewables capacity by 2030. State-owned Masdar is also the Abu Dhabi Future Energy Company.

OX2 sells 49% stake in 6 GW of offshore wind to IKEA company

OX2 has agreed to sell a 49% stake in almost 6 GW of offshore wind off Finland to Ingka Investments, owned along with retailer IKEA by the Ingka Group.

Burundi set to double solar capacity, president says upon opening of nation's first utility-scale solar field

Saudi Arabia, Netherlands sign green hydrogen MoU

Saudi Arabia and the Netherlands last week signed a memorandum of understanding to co-operate on the development of green hydrogen at the World Hydrogen Summit in Rotterdam.

India amongst 10 highest emitters, but has lower emissions per capita – WRI

India surpassed the EU in total annual greenhouse gas emissions in 2019, becoming the third-largest emitting country after China and the US, according to Climate Watch data.

Scatec and Alexandria National Refining agree to build $450mn green methanol plant in Egypt

EBRD greenlights 5-year strategy for Croatia

Condor Energies releases Q1 unaudited interim financial statements on Kazakhstan and Turkey operations

Premier African Minerals raises $2.2mn to fund work at Zimbabwe lithium asset

Romania to see 32% jump in electricity generation by 2030, mostly renewables

Romania's total installed power capacity is set to jump by roughly 32% in 2030 compared to 2020, mainly due to installing new wind and solar energy capacities amounting to 2.302 GW and 3.692 GW respectively, said a report by McKinsey.

First ever nuclear fusion PPA signed

A nuclear fusion energy company, Helion Energy, has signed a power purchase agreement with high-tech giant Microsoft to supply electricity generated from its first fusion power plant.

Lithium producers Allkem, Livent to merge

Lithium producers Allkem and Livent have agreed to an all-stock merger with a value of $10.6bn. Allkem, a miner, is based in Brisbane, Australia. Livent, a lithium technology company, is based in Philadelphia in the US.

$2bn transmission line proposed to carry renewables from Quebec to New England

National Grid and partners are proposing to build a 340-km $2bn power line to carry hydro power from Quebec, Canada to New England in the north-eastern US.

Colombia to hold first offshore wind auction in 2023

Colombia will hold its inaugural offshore wind auction later in 2023, the first ever in Latin America.

Korean SMR use to help develop hydrogen programme

South Korea is looking into the possible deployment of a small modular reactor in the nation’s Gyeongsang Province bordering the Sea of Japan. The site will be the host of Korea’s long-awaited Uljin Nuclear Hydrogen National Industrial Complex.

Japan identifies five “promising” sites for offshore wind projects

The Japanese government has selected five zones off the northern island of Hokkaido as "promising” for the development of developing offshore wind projects, marking the second in three stages of choosing sites.

Threat of invasion comes second to Taiwanese wind ambitions

Taiwan daily faces the threat of invasion from China and ever stronger rhetoric coming from Beijing across the Strait, yet few of the 23mn islanders seem to be paying much attention. This is slowly changing in Taiwan's booming offshore wind sector.

AsiaElec: Threat of invasion comes second to Taiwanese wind ambitions

China plans to take hydrogen use to the masses

China is planning a major investment to boost its ever increasing fleet of hydrogen-powered vehicles as it looks to help promote use of the fuel in the general population.