REM - Renewable Energy
Namibia receives $139mn World Bank loan to boost power transmission infrastructure
The World Bank has extended a $139mn loan to Namibia to help the southwest African nation improve its electricity transmission network.
WHAUP and Kurin Energy partner on solar farm projects exceeding 128 MW
WHA Utilities and Power Public Company Limited announced a joint venture with Kurin Energy Group, a leader in renewable energy development across Asia, to invest in two large-scale solar power projects.
Turkey's YEO to launch solar-plus-storage project in Zambia in partnership with GEI Power
Zambian sustainable energy company GEI Power is partnering with Turkey’s YEO to develop a 60 MW solar plant with a 20 MWh battery energy storage system (BESS) in the Choma district of the African country.
Turkey’s Yıldırım launches construction of 150 MW solar farm in Kosovo
Turkish energy company Yıldırım Energy launched the construction of its 150 MW solar farm in Kosovo, an investment of €43mn.
Shell sold “phantom” carbon credits: FT
Oil supermajor Shell sold millions of ‘ phantom’ supposedly linked to Canada’s largest oil sands companies.
April 2024 sets global moisture record
April 2024 set a global moisture record for the planet, reports climatologist Ben Noll
Saudi Aramco may invest $10bn in South Africa’s petrochem, renewables sectors – electricity minister
Energy transition more likely to be delayed with dire consequences, says WoodMac
The world could be heading for a 3-degree C warming trajectory as political headwinds slow the energy transition, says a new report by Wood Mackenzie.
Sri Lankan government greenlights 20 year agreement with Adani Green for wind power
The government of Sri Lanka greenlight a 20 year deal for building wind powered power plants with Adani Green Limited - the renewable energy business of India’s Adani Group
What do EU methane rules mean for global gas suppliers?
There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.
Genocide victims’ remains found on Namibia's Shark Island, adding to calls to scrap German green hydrogen port project
Namibian authorities are being urged to freeze plans to extend a port on the Shark Island peninsula – meant to support green hydrogen production along the country’s south coast – after the discovery of unmarked graves and artefacts.
Microsoft inks a deal with Brookfield to invest $10bn-plus in renewables capacity
Microsoft has signed a 10.5-GW deal with Canada’s Brookfield Asset Management to invest more than $10bn to power its data centres and artificial intelligence.
China dominated global wind turbine manufacturers’ market in 2023, says Woodmac
China comprised 65% of global wind capacity in 2023, which pushed four Chinese wind turbine original equipment manufacturers into the top five world rankings, a first for the sector, according to Wood Mackenzie.
Statkraft to invest $179mn in Brazil’s Sol de Brotas wind and solar hybrid complex
Norwegian energy company Statkraft has announced a substantial investment of BRL926mn ($179mn) to establish the Sol de Brotas complex in the interior of the Brazilian state of Bahia.
Grossi arrives in Tehran in hope of securing enhanced cooperation
The Director General of the International Atomic Energy Agency arrived in Tehran on May 6 to discuss possible ways to restore the global watchdog’s inspections of Iran’s nuclear activities after Tehran reduced its cooperation.
Nothing concrete has yet emerged from nuclear plant talks with Russia, says Uzbekistan
Tashkent has received proposals from other countries, though as things stand there are no talks on alternatives to Russian bid, UzAtom director says.
Taiwan contemplates hydrogen future amid renewable energy challenges
Taiwan is deliberating its role in the prospective hydrogen economy while grappling with hurdles in renewable energy sourcing
Petrobras, Rio Grande do Norte state team up on offshore wind pilot project
Brazil’s national oil company Petrobras has entered a Memorandum of Understanding with the State of Rio Grande do Norte to explore the potential for an offshore wind pilot project in Brazil's northeastern region.
Australia grants first offshore licences, developers eye 12-GW+ capacity
Australia has taken a significant step in its renewable energy ambitions by awarding the first feasibility licences for offshore wind projects, with six wind farms slated for construction offshore Gippsland in Victoria.
Chinese firm to construct solar power plant in Nicaragua
Nicaragua announced on April 29 that the Chinese state-owned enterprise China Communications Construction Co. (CCCC) will undertake the construction of a 67.3-MW solar power plant to be financed with a credit of $80mn.
Thailand eyes clean energy future with floating nuclear power barge
Thailand's ambitions for a net-zero future took a step forward with Global Power Synergy Public Company Limited, a subsidiary of the PTT Group, signing a memorandum of understanding with Danish firm Seaborg Technologies ApS.
Kosovo and US launch $236.7mn clean energy compact programme
Kosovo’s government and the US Millennium Challenge Corporation (MCC) inaugurated a Compact programme for clean energy solutions, worth $236.7mn
Egypt: Norway's Scatec, Orascom-led consortium acquire land to build $9bn wind power plants
Croatian company transforms textile waste into hydrogen
Successful pilot project for processing waste textiles to produce hydrogen may help to address global fashion industry's annual 92mn tonnes of textile waste.
OMV Petrom to invest €3.7bn in its low-carbon business lines by 2030
OMV Petrom (BVB: SNP) will dedicate one-third of its €11bn investments planned by 2030 to five low-carbon business lines, which are planned to reach 15% of the company’s EBIT consequently, company’s CEO Christina Verchere announced.
US Democratic lawmakers unveil report on Big Oil, climate change
After a US congressional investigation spanning years, revealed that major oil corporations privately acknowledged the inconsistency between their public promises to reduce greenhouse gas emissions and their actual business strategies.
State electricity company PLN collaborates with Bank Indonesia to utilise waste currency paper for power plants
In an innovative partnership, PT PLN Regional Office West Nusa Tenggara is collaborating with the Bank Indonesia Representative Office in the NTB Province to utilise waste currency paper as a co-firing mixture material
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