ContourGlobal, backed by KKR, targets British renewables
KKR ContourGlobal is planning to enter the renewable energy market in Britain as it pursues a strategy of streamlining that will see other countries removed from its portfolio. ContourGlobal, founded 2005 and listed on the London Stock Exchange in 2017, was acquired by KKR Fund in 2022. "We are simplifying the company and reducing the footprint of the group from 17 to 10 countries," said Antonello Cammisecra, President and CEO at an event to unveil the new logo for the group.
Malaysia: Multilateral power deal delayed due to Thai politics; renewal expected next month
Malaysia's Energy Minister said that Thailand has postponed the renewal of a multilateral power trading agreement in Southeast Asia due to changes in local politics. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy Transition and Water Transformation Minister Fadillah Yusof told . The Constitutional Court removed Thailand's prime minister Paetongtarn Shinawatra in August. Anutin Charnvirakul was appointed to the position the following month.
Malaysia: Multilateral power deal delayed due to Thai politics; renewal expected next month
Malaysia's Energy Minister said that Thailand has postponed the renewal of a multilateral power trading agreement in Southeast Asia due to changes in local politics. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy Transition and Water Transformation Minister Fadillah Yusof told . The Constitutional Court removed Thailand's prime minister Paetongtarn Shinawatra in August. Anutin Charnvirakul was appointed the following month.
Report: Global renewable energy growth is still short of climate targets despite record global growth
Globally, renewable energy capacity reached a record high in 2016, but countries still fell short of the U.N. goal of tripled capacity by 2030. This was revealed by a report released by global renewable groups on Tuesday. At the COP28 Climate Summit in Dubai, 2023, more than 100 countries agreed to triple their renewable energy capacity in 2030 in order to achieve global climate targets. The report, by the International Renewable Energy Agency and the Global Renewables Alliance…
One of India's largest solar companies says that the US market is not worth the risk.
Saatvik Green Energy is one of India's largest solar module manufacturers by capacity. It said that it will no longer be pursuing the once promising U.S. market because it is not "worth the risks" due to the complex tariff issue. According to analysts and industry officials, the United States is India’s largest overseas market. It accounts for 90% of its module exports. Prashant P. Mathur, CEO of the company, said in a recent press conference that he wanted to focus on the domestic markets and avoid taking any risks.
Analysts say that China has set a renewable energy goal which it can easily exceed.
The climate goals that China made public on Tuesday promise to continue expanding renewable energy. It has done so at an accelerated pace. However, there is no commitment from China to increase its share of power generation or reduce coal. In announcing China's first goals for carbon reduction, President Xi Jinping stated that China's wind and solar energy capacity would be increased six-fold from the levels of 2020 to 3,600 gigawatts in 2035. Analysts say that China's tendency to set goals they know it can achieve is evident in its achievement of the 1…
Central Indian state achieves record low price for solar plus storage power project
A top official from the central Indian state Madhya Pradesh said that it had secured India's lowest price ever for solar power backed up by battery storage at a clean energy bid. This could change how states purchase power. The official announced on Saturday that CEIGALL India won the tenders for supplying clean energy to Madhya Pradesh, at 2,70 rupees (3 U.S. Cents) per kWh. ACME Solar also won the tenders, but it was only 2.764 rupees/kWh. Manu Srivastava is a senior official in the state's Power and Renewable Energy Department.
Italy to Help Sardinia Phase Out Coal with New LNG Plants
Italy plans to send two new units for the regasification of liquefied natural gas (LNG) to Sardinia to help the island phase out coal, a government decree seen by Reuters showed.Sardinia currently relies on two coal-fired power plants for its electricity needs and is slowly developing renewable energy capacity.The government has mandated Italy's gas grid operator Snam to set up a new floating storage and regasification unit (FSRU) in the port of Oristano, on the centre-west coast of Sardinia, the decree seen by Reuters said.The document approved by the government on Fr
India offers large incentives for carbon capture as coal remains a major part of the energy mix
India is planning to launch a national initiative to capture carbon dioxide with significant government incentives as it tries to balance its rising energy demands with climate goals, while still relying heavily on coal. Rajnath Ram said that the initiative, which aims to promote carbon capture, utilisation, and storage (CCUS), could provide funding support ranging between 50% and 100% for selected projects. The CCUS technology captures CO2 at the point of emissions and stores it underground.
India's power production rises at the fastest rate in five months due to industrial boost
The data of the federal grid operator revealed that India's electricity generation in August increased at its fastest rate since March. Manufacturing activity was accelerating due to strong demand. Grid India's daily analysis showed that the 4% increase in output of electricity last month led to a first-time annualised boost in coal-fired generation in five months. This year, India's dependence upon coal has been reduced by the sustained growth of renewable energy capacity. About three-quarters of the annual electricity is generated by coal.
Maguire: US clean energy capacity grows slower, but wider by 2025
This year, the pace of adding new solar, wind, and battery capacity in the U.S. has slowed down nationally and in some key states, which is hurting sentiment for clean energy. Climate trackers should take heart in the fact that growth has continued outside of Texas and California. According to data collected by the energy data platform Cleanview by mid-2025, combined installations of solar and wind power systems, as well as battery storage, are expected to increase by 7% by 2025 compared to the previous year.
India's new wind energy norms require local sourcing and data control
India has introduced strict norms for manufacturers of wind turbine equipment, which require them to source their key components locally and adhere to strict rules on data localisation. In a late-night notification, the Ministry of New and Renewable Energy announced that manufacturers must only purchase components such as blades and towers and gearboxes and special bearings, from approved vendors on a newly created government list. MNRE will form a technical team to carry out the inspections. A separate standard operating procedures will also be released.
Market operator: Increasing renewable energy use in the Philippines could lower power prices by 24% by 2029.
The Philippines' power market operator stated on Thursday that the adoption of renewable energies could reduce average annual spot electricity prices by as much as 24 percent by 2029. The Independent Electricity Market Operator of the Philippines' (IEMOP), according to its data, has shown that spot power prices in the Philippines fell to a low of 4,14 Philippine pesos (US$0.0731) per Kilowatt-hour in the first half of the year 2025. IEMOP says that the IEMOP estimates that green energy capacity expansions will reduce prices by 0.90-1.32 Pesos/kWh by 2029.
IRENA reports that renewables are 90% cheaper than fossil fuels in the world.
A report released by the International Renewable Energy Agency on Tuesday showed that most renewable energy newly installed is cheaper to generate electricity than fossil fuels. At the COP28 U.N. Climate Conference in 2023, a target was set to triple the amount renewables such as wind and sun to stay within the 1.5 degree Celsius limit (2.7 Fahrenheit). Globally, 582 gigawatts (GW) of renewable energy capacity were added in the last year. This includes hydropower, solar power, wind, and geothermal. This is nearly 20% more than 2023.
Malaysia increases coal power production and imports to meet growing demand
Malaysia has increased its coal-fired electricity production and imported the fuel in record numbers, according to a data analysis. The country is taking advantage of the low prices, but also pledges to use more gas-fueled electricity generation over the long term. Malaysia is the 5th largest exporter of liquid natural gas, but it has stated that due to increasing demand and diminishing gas reserves, the nation could begin importing super-chilled fuel. The nation has gradually increased coal-fired electricity production to meet the surge in demand from data centres.
Siemens Gamesa Lines Up 63-Turbine Order for German Offshore Wind Farm
Skyborn Renewables has confirmed the execution of the Turbine Supply Agreement (TSA) and the Offshore Long Term Program Service Agreement (LTPSA) with Siemens Gamesa for the provision of 63 SG 14-23 wind turbines and their long term service for the Gennaker offshore wind farm in Germany.Both agreements are based on the Master Supply Agreement signed by Skyborn and Siemens Gamesa in June 2024. The agreements are conditional and subject to conditions precedent…
India's Inox Clean Energy files IPO via confidential route
A newspaper advertisement revealed that India's Inox clean energy filed IPO draft documents with the country’s markets regulator on Friday via the confidential route. Mint, citing PTI news agency, reported that the offering could be worth up to 60 billion rupees. Inox Clean Energy, the latest renewable energy producer, is planning to go public. This follows NTPC Green Energy’s $1.2 billion IPO, which took place in September 2024. As more companies seek to increase investments and expand portfolios, Inox Clean Energy has decided to follow suit.
Britain launches a strategy to expand offshore wind and create jobs
The government announced on Friday that Britain has launched its first onshore wind policy, which aims to increase renewable energy capacity and create jobs in this sector. Britain aims to decarbonise the electricity sector in its country by 2030, as part of its efforts to achieve its climate goals and boost energy security. It also wants to reduce its power costs through a reduction in its dependence on fossil fuels. The government stated that the move could create up to 45,000 jobs. The strategy includes 40 actions that will help to boost onshore projects.
Singapore's renewables use hits record highs as solar output and imports rise
An analysis of the most recent market data revealed that Singapore increased the share of renewables to a new record in May. The country increased renewable imports while accelerating local solar power production. Data from the National Electricity Market of Singapore revealed that domestic solar generation rose in May at its fastest rate since March 2024, and renewable imports increased for a third consecutive month, reaching their highest level in over two years. This boosted the share of renewables to 2,58% in the power mix of the city-state.
EU approves Italian scheme to support energy-intensive industries
Italy's Energy Minister said that the European Commission had approved a scheme by the Italian government to support power-intensive industries as well as a green transition in Italy. Gilberto Pichetto-Fratin, in a press release, said that the Commission considered "Energy Release 2.0" to be compatible with EU rules on internal markets and regulations on state aid. In its first phase, the scheme will offer electricity at a price fixed of 65 euros per Megawatt-hour.