REM - Renewable Energy

Brazil secures $700mn World Bank-backed financing for clean energy, export development

Brazil has finalised a $700mn funding agreement to support micro and small and medium-sized enterprises (SMEs) in implementing clean energy projects and accessing international markets over the next three years.

Brazil’s Petrobras mulls ethanol expansion as part of $2.2bn investment programme

Brazil’s national oil company (NOC) Petrobras is advancing a major ethanol initiative and plans to announce new partnerships in the renewable fuel sector by the end of this year as part of a $2.2bn investment programme spanning 2025-2029

IEEFA warns Indonesia's gas expansion plan may cost state $60bn, undermine renewables push

Indonesia’s plan to add 10.3 gigawatts of gas-fired power capacity through 2034 may saddle the country with up to $60bn in fiscal costs, the Institute for Energy Economics and Financial Analysis (IEEFA) said on June 24

Ecopack to install 2.03-MW solar plant amid Pakistan’s accelerating solar shift

Ecopack Limited, a company in Pakistan’s plastic packaging industry, has unveiled plans to install a 2.03-MW solar power generation facility, in a move aligned with the country’s fast-growing shift to renewable energy

Colombia's solar expansion slows down as grid bottlenecks threaten $3.1bn investment pipeline

Colombia's solar energy expansion faces critical transmission bottlenecks that threaten to derail a $3.1bn renewable investment programme, despite the addition of 13 photovoltaic projects during the first quarter of 2025.

World could cross a dire climate threshold in 2028, says new report

A new scientific report warns that the world could deplete its remaining carbon allowance in just three years, driven by historic levels of greenhouse gas pollution.

Emmvee secures $170mn solar module order from KPI Green Energy in India

Indian solar module manufacturer Emmvee has secured an order worth nearly INR15bn ($170mn) from KPI Green Energy Ltd., a part of Gujarat-based KP Group, to supply high-efficiency TopCon bifacial solar modules

AI could cut climate emissions

Artificial intelligence has the potential to reduce climate-heating emissions by as much as 5.4bn tonnes annually over the next 10 years.

“Invisible peril” heatwaves can kill 500,000 people yearly

Recent scientific studies show that up to 500,000 people die annually from extreme heat, surpassing the toll of natural disasters such as earthquakes, hurricanes and floods combined.

Croatia confirms strong geothermal potential in Velika Gorica well test

A geothermal reservoir near Velika Gorica in central Croatia has shown strong potential for commercial use, with temperatures exceeding 100°C, the Croatian Hydrocarbons Agency said on June 24.

DTEK and Octopus Energy launch €100mn rooftop solar programme in Ukraine

Ukrainian private energy firm DTEK and UK-based Octopus Energy Group have launched a €100mn initiative to install rooftop solar power and energy storage systems for businesses and public sector organisations across Ukraine.

Brazil to push irrigation as climate tool at COP30

Wilson Sons goes fully renewable at Rio base in Brazil

Wilson Sons has begun operating its Rio Offshore Support Base in Guanabara Bay entirely on renewable energy, primarily wind and solar.

Tax barriers and market price caps hinder wind and solar energy growth in Ukraine

Ukraine’s renewable energy sector continues to face significant obstacles, with experts citing tax burdens and market price caps as key factors slowing the development of wind and solar power, despite the country's substantial potential.

NamPower launches construction on 100MW solar power project in Namibia, its largest ever

Namibia's state-owned utility, NamPower, has started constructing a 100-megawatt (MW) solar farm south of the country; the $88.4mn Sores Gaib Power Station is the utility's largest solar energy project to date.

Uzbekistan, France’s Suez and Saudi Arabia’s VIIC ink $78mn deal to develop waste-to-energy infrastructure

Uzbekistan has signed a $78mn agreement with France’s Suez International and Saudi Arabia’s Vision International Investment Company (VIIC) to jointly develop hazardous industrial waste management infrastructure.

Spain’s Ecoener signs $3bn Latin America power deals, expands capacity to 723 MW

Spanish renewable energy firm Ecoener has secured power purchase agreements worth approximately $3bn across Latin America, the company announced during its annual general meeting in La Coruña

Octopus Energy aims to raise $250mn for renewable energy investment in Africa

UK-based Octopus Energy has announced a plan to mobilise $250mn over the next three years in investments in African solar energy, battery storage, e-mobility and power grid reform.

South Africa’s Eskom to go ahead with 5-GW pipeline of repowering projects at coal plant sites

South Africa’s power utility Eskom has confirmed that it has a 5-GW pipeline of “repowering” projects as part of a broader transition plan to supplement and eventually replace its ageing coal-fired power plants with cleaner energy sources.

Barito Renewables secures $121mn loan to boost Salak-Darajat geothermal capacity

PT Barito Renewables Energy (BREN), a green energy company under the Barito Pacific Group and controlled by Indonesian tycoon Prajogo Pangestu, has secured a $121.1mn (IDR1.99 trillion) loan to expand its Salak-Darajat geothermal project

Philippines launches offshore wind guide to address permit bottlenecks

The Philippines has introduced a detailed guide to streamline the offshore wind permitting process, tackling the issue of over 80 permits currently stalling development.

Mizuho launches agrisolar fund and acquires 11MW early FIT portfolio in Fukushima

Mizuho Securities has established a long-term private investment fund focused on agrisolar initiatives and purchased six operating solar plants in Minamisoma City, Fukushima, with a combined capacity of approximately 11MW, as announced on June 20.

Solar Energy Corporation of India issues green ammonia tender to decarbonise fertiliser sector

The state-owned Solar Energy Corporation of India Ltd (SECI) has floated a tender for the annual offtake of 724,000 tonnes of green ammonia, aimed at accelerating the decarbonisation of India’s fertiliser industry, the Indian government said

Brazil pushes for broader climate targets at COP30

Brazil races to finalise carbon market rules

Brazil’s government expects to finalise the first set of regulations for its new carbon emissions trading market by July, the finance ministry said this week. The market is scheduled for full implementation by 2030.