REM - Renewable Energy

US, China are most attractive nations for renewable energy investment: EY

The US and China are this year topping Ernst & Young’s new biannual Renewable Energy Country Attractiveness Index.

UK imposes 45% windfall profit tax on wind, solar power producers

The UK has hit renewable energy producers with a 45% windfall profit tax when profits seem excessive to help offset a cost-of-living crisis exacerbated by spiralling energy prices.

COP27: “Loss and damage” fund to be created, but no phase-out of fossil fuels

In a historic step at COP27, negotiators from nearly 200 countries at the UN summit in Egypt agreed to establish a “loss and damage” fund to help developing countries cope with climate mitigation.

ING: Euro sustainable bond supply set to stagnate in 2023

Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.

Europe’s largest battery energy storage system comes online

A UK developer has successfully energised Europe’s largest battery energy storage system near where the Dogger Bank offshore wind farm is currently being built.

AIM-listed Kibo Energy renews MoU with Tanzania utility to develop Mbeya power project

AIM-traded Premier African Minerals urges EU to lift sanctions on Zimbabwe, invest in country's lithium sector

UAE's Masdar enters Turkmenistan with 100 MW solar PV plant agreement

Zimbabwe platinum miner Mimosa launches feasibility study for 38MW solar plant

AIM-listed transitional energy investor Chariot forges partnership to trade electricity in South Africa

Lekala Power to build largest battery storage facility in West Africa region

Lekela Power to invest $2bn in Egyptian renewable power generation

China, US lock horns over climate commitments

EU to allocate $716mn to support green transition and digital connectivity in Central Asia

Extensive land degradation recorded in Central Asia

Bulgarian PV equipment company AmonRa Energy to hold IPO

AmonRa wants to raise funds to finance its expansion in Romania and in other Southeast European countries.

Zimbabwe drafts electric vehicle adoption policy, sets goal of 33% penetration rate by 2030

African Development Bank (AfDB) invests $20mn in Evolution Fund III targeting renewable energy projects

Climate paralysis at COP27 as no progress made on 1.5 degrees

COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.

Poland’s electricity grid operator to spend PLN36bn on upgrades by 2036

COP27: Coal proves a stubborn foe in fight to save climate

Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.

Albanian central bank official says green finance needed to tackle climate change

COP27: Africa lobbies to retain gas use despite pollution dangers

African nations are lobbying to be allowed to use their natural gas reserves to lift up to 600mn people out of energy poverty and to connect them to modern electricity supplies.

GHG emissions cap for Canada’s oil and gas by end of 2023, says minister

National regulations will be completed in 2023 for a cap on greenhouse gas emissions from the Canadian oil and gas sector, said Environment Minister Steven Guilbeault in an interview with Canadian Press at COP27, the UN climate summit in Egypt.

COP27 warns business cannot be trusted to police greenwashing

The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.