Brazil's Cemig plans on leveraging hydroelectric expertise to build new power plants
Reynaldo Passanezi Filho, CEO of Brazil's Cemig state-controlled electricity utility, said that Cemig will use its hydropower experience to invest in clean technologies to boost the country's grid. Cemig…
PGE's quarterly net loss is impacted by asset write-downs
PGE, Poland's largest energy company, reported on Tuesday a net loss for the second quarter of $9.61 billion zlotys (2.65 billion dollars), in line with its estimates. Impairments on tangible assets had a negative impact on the company.
Italy may struggle to achieve 2030 green goals according to a study
A study released on Saturday showed that Italy may not be able to achieve the carbon emission targets set at EU level because of delays in green transition areas such as renewable energy generation and energy storage.
China's solar industry is suffering from a massive loss due to falling prices
Analysts say that restructuring the industry in order to reduce oversupply can help it return to profitability. Longi Green Energy, in a rare positive development, saw its net loss shrink to 2.6 billion…
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…
German solar industry warns of ending subsidies after Minister proposes reductions
The German solar industry warned against the proposed end of subsidies for rooftop photovoltaics systems. They argued that withdrawing support from small installations could jeopardize the country's climate targets.
Tribal fears increase in Himalayas after end of Indus Water Treaty
In April, the decades-old conflict between nuclear-armed neighbours flared up again when militants in India-controlled Kashmir killed 26 people. India then retaliated with airstrikes. A ceasefire that…
Brazil talks to TPG and Brookfield about $4 billion climate finance
Brazil is in discussions with global investors, including TPG and Brookfield, to raise almost $4 billion for climate projects. This comes as the country ramps up its green finance campaign ahead of hosting COP30 in November.
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…
After Trump's subsidy cuts, solar and wind groups in California seek aid
California's leaders are asking for assistance from clean energy companies to get their projects up and running before the changes in federal subsidies made by President Donald Trump’s new tax and spending…
Industry body: China is on track to surpass 2030 pumped-storage hydro target by 8 percent
The International Hydropower Association (IHA), which represents the hydropower industry, said that China will surpass its 2030 target for pumped-storage hydropower by more than 8 percent and could reach 130 gigawatts by the end decade.
Malaysia PM pledges $10 billion for national grid upgrade
Anwar Ibrahim, Malaysia's Prime Minister, said that Tenaga Nasional had committed to upgrading the national grid infrastructure with 43 billion ringgit (about $10 billion). Anwar, who opened the Energy Asia Conference…
Poland's PGE will spend $63.8 billion in new strategy
PGE, Poland's largest utility, plans to invest 235 billion Zlotys (63.80 billion dollars) by 2035. It will focus on renewables and gas-fired plants as well as energy storage. PGE's core profit is expected…
India extends waiver on transmission charges for energy storage projects to June 2028
The power ministry announced on Tuesday that India will waive all inter-state transmission fees for projects involving electricity storage until June 2028. This is in response to the country's ambitious…
The IEA predicts that global energy investment will reach a record $3,3 trillion by 2025.
The International Energy Agency (IEA), said Thursday, that despite geopolitical tensions and economic uncertainty, a surge in clean energy expenditure is expected to lead to a record $2.89 trillion in global energy investments in 2025.
Nuclear companies and others ask Senate to maintain energy tax credits
Energy companies that represent technologies that provide stable and consistent baseload power urged U.S. Senate leaders on Tuesday to preserve the clean energy tax credit that was effectively eliminated…
Cochilco, Chile, raises its copper price forecast due to improved global outlook
The Chilean state copper commission Cochilco increased its average copper forecast for this and next year on Wednesday. It cited an improved outlook globally following a pause between the United States' and China's tariff war.
Sources say that China's CMOC has called on Congo to lift the cobalt export prohibition.
Three sources said that China's CMOC group, the world's largest cobalt mining firm, called on the Democratic Republic of Congo to lift a current export ban for battery metal due to expire in the next month.
Wood Mackenzie warns that Australia will not meet its renewable energy target.
Wood Mackenzie, a consultancy, said that Australia will fall well short of its target to generate 82% of electricity from renewable sources by 2030, due to state-level rollbacks and grid connection delays, as well as inadequate investment.
Top trade group says House bill will choke off US solar investment
A top solar trade association warned that legislation advanced by Republicans last week in the U.S. House of Representatives could threaten 300 solar and energy storage plants and destroy nearly 300,000 American jobs.