Zelestra, a Spanish renewable energy company, aims to invest $1 billion in Peru's mines.
Zelestra, a Spanish company with a Latin American CEO, plans to invest $1 billion over five years in renewable energy plants that will power mines in southern Peru's copper-rich region. Jose Luis Garcia, in an interview with The Associated Press on Tuesday, said that Zelestra, a subsidiary of the Swedish company EQT and part of their expansion into Latin America, aims to produce one gigawatt of renewable energy (GW) in Peru. Garcia added that an estimated $1 billion to $1.5 billion in investment will be made over the next 5 years.
Eskom South Africa targets clean energy sources primarily by 2040
Eskom, the South African state-owned utility, aims to switch to mostly clean energy sources from its coal-based fleet by 2040. It announced this on Wednesday when it revealed its latest plans to make the shift. Eskom wants to reduce its coal power from 39 GW down to 18 GW by 2040. This was revealed in a presentation to legislators on the company's energy sources. Eskom announced that it would implement renewable energy projects by "repowering", older coal-fired stations scheduled for closure, and through new projects. Repowering is the process of replacing older power generation equipment with more modern technology.
Why Tether, the crypto giant, bought a South American agriculture company
Tether, world's biggest digital assets company and crypto powerhouse, has leveraged its recent acquisition to make a strategic move for the multi-trillion dollars a year commodities trade. The company wants to integrate its stablecoin - a digital currency pegged at the U.S. Dollar that is traded on crypto exchanges - into the core markets where raw materials and commodities are bought and sold. It promises to reduce cross border payment costs from days to mere seconds. Adecoagro is a New York-listed company that produces dairy products in Argentina, rice and sugar in Brazil and rice and ethanol in Uruguay.
BHP: Australian green iron is too expensive despite joint China agreement
BHP, a major miner, said that it would be too expensive for Australia to develop a "green-iron" industry. This is despite the fact that Australia and China had agreed to work together this week to decarbonise steel supply chains, which are responsible for almost a tenth percent of global emissions. BHP Australia's Geraldine Slattery said the costs of producing low-carbon steel products "just don't stack up" when she attended a session in China on green steel this week with Prime Minister Anthony Albanese and Australian miners, as well as Chinese steelmakers.
BHP: It is too expensive to build an Australian green iron industry, as PM calls for China collaboration
BHP, a major miner in Australia, has stated that it would be too expensive for Australia to develop a "green-iron" industry. This comes after Australia and China decided to work together this week to decarbonise steel supply chains. These are responsible for almost a 10th of all global emissions. BHP Australia's Geraldine Slattery said the costs of producing low-carbon steel products "just don't stack up" when she attended a business round table with Australian and Chinese leaders this week in China. Slattery, along with other CEOs from mining companies, accompanied Australian Premier Anthony Albanese to China on a trip this week.
Britian Reforms Energy Scheme to Prioritize Renewables Projects
The British government on Tuesday made changes to its main scheme for promoting clean energy projects, extending contract lengths and changing how auction budgets are set in a bid to accelerate the roll-out of renewable energy.Offshore wind is at the heart of Britain's plans to decarbonise its electricity sector by 2030. It aims to boost capacity to 43-50 gigawatts by the end of the decade, from around 15 GW now, although a government report in November said it would be a challenge to reach that goal.Britain's Contracts for Difference scheme is its main mechanism for securing clean energy projects and it holds annual auctions for subsidies…
Britain accelerates clean energy projects through a new energy reform scheme
The British government made changes on Tuesday to its main scheme to promote clean energy projects. Contract lengths were extended and auction budgets were changed in an effort to speed up the rollout of renewable energy. Britain's plans for decarbonising its electricity sector are centered around offshore wind. The aim is to increase capacity from 15 GW to 43-50 Gigawatts (GW) by the end decade. A government report published in November warned that it would be difficult to achieve this goal. The Contracts for Different scheme in Britain is the main way to secure clean energy projects.
Slow Wind Conditions Curb Generation in Germany
Renewable energy accounted for 54.5% of Germany's power consumption in the first six months of the year, down 2.7 percentage points from a year earlier, as slow wind speeds curbed generation, data showed on Tuesday.Germany has boosted its green power capacity as it seeks to shift towards a low-carbon economy and hit a political goal for renewables to account for 80% of consumption by 2030.It also needs renewable generation to fill the gap after it halted its imports of Russian gas in response to the Ukraine war.But Tuesday's data from utility association BDEW underlines the need for back-up power when weather conditions are unfavourable.For n
Google signs $3 billion US Hydropower Deal in Largest Clean Energy Agreement
Google announced on Tuesday that it had agreed to purchase up to 3 gigawatts (or more) of hydroelectric power in the United States, forming the largest corporate clean energy pact ever for hydroelectricity. This comes as Big Tech continues its expansion of data centers, which are notoriously energy-hungry. The agreement between Google and Brookfield Asset Management includes initial power purchase agreements totaling $3 billion for electricity generated by two hydropower plants in Pennsylvania. Semafor, a Tuesday report…
Google signs $3 billion US Hydropower Deal in Largest Clean Energy Agreement
Google announced on Tuesday that it had agreed to purchase up to 3 gigawatts (or more) of hydroelectric power in the United States, in what is the largest corporate clean energy pact ever made. This comes as Big Tech continues its expansion of data centers, which are notoriously energy-hungry. The agreement between Google and Brookfield Asset Management includes initial power purchase agreements totaling $3 billion for electricity generated by two hydropower plants in Pennsylvania. After nearly two decades stagnation…
Germany's wind energy expansion is picking up but the targets are still not met, according to lobby
The BWE wind lobby reported on Tuesday that Germany's onshore power sector has recorded its best half-year in 2017 but still fell short of legally mandated goals. Berlin wants to generate 80% of Germany’s electricity using renewable sources by 2030. This goal has been accelerated due to recent reforms, and the decline in Russian fossil fuels imports following the invasion of Ukraine. In the first six months of 2025, 409 turbines with a capacity of 2.2 gigawatts were installed, an increase of 67% over the previous year.
India reaches 50% non-fossil energy milestone before 2030 clean energy goal
India announced on Monday that it had achieved 50% of its installed capacity using non-fossil sources of energy, five years before its 2030 target set under the Paris Agreement. This is a sign of accelerating momentum for the country's transition to clean energy. India's renewable energy output has risen at the fastest rate since 2022 during the first half 2025. Coal-fired power generation, however, fell by nearly 3%. Over two-thirds (67%) of the power generated last year was still from fossil fuels. India plans to increase coal-fired power by 80 GW to meet the rising demand. Since then, the country has increased its solar and wind energy.
SAEL, an Indian company that invests in clean energy, will invest $954 million dollars to build a solar manufacturing facility
The Indian renewable energy company SAEL Industries Ltd announced on Monday that it will invest 82 billion rupies ($954.04million) in order to build an integrated solar cell-and-module manufacturing facility capable of producing 5 gigawatts (GW) per year. The plant in Greater Noida, one of the biggest investments in solar manufacturing in India to date, will increase SAEL's module production capacity from 8.5 GW to 10.5 GW. Construction is scheduled to start this year. This move is in line with India's efforts to localise the solar manufacturing.
Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has put on hold its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments to a region which has lagged far behind the rest of the country when it comes to renewable energy adoption. It has offered financial incentives and exemptions for electricity. Four sources familiar with the matter said that energy firms such as NTPC Green and Larsen And Toubro in Singapore…
Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has halted its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments to a region which has lagged far behind the rest of the country when it comes to renewable energy adoption. It has offered financial incentives and exemptions for electricity. Four sources familiar with the matter said that energy firms such as NTPC Green and Larsen And Toubro in Singapore…
China adopts its first standards for renewable steel, cement, and polysilicon
According to a notice published by the National Development and Reform Commission on Friday, China has set for the first-time renewable energy mandates in the steel, polysilicon, and cement industries as well as some data centres. Beijing's Renewable Portfolio Standards, or RPS (Renewable Portfolio Standards), set targets for the percentage that each province must achieve in terms of its power consumption from renewable sources. David Fishman, principal of the Lantau Group - an energy consultancy - said in an online posting that the RPS previously only affected companies in the power trading industry and electrolytical aluminum industry.
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.
Temasek invests $7.8 billion in Europe last year and sees new opportunities.
Singapore's Temasek state investor sees increasing investment opportunities in Europe, as trade tensions have a positive impact on the economy and make some companies more appealing in terms of valuations. A senior executive said this on Thursday. The global market volatility that followed U.S. president Donald Trump's "Liberation Day", on April 2, was a result of a trade war. Some investors have shifted their focus to European assets. Temasek executives said that they see this macroeconomic climate as an opportunity to consider more companies in Europe. "When you look at Europe there is still a huge gap between the U.S.
Spot prices are lowered by a combination of wind power, nuclear energy and a shaky demand.
The European wholesale electricity prices fell on Thursday due to lower demand and higher wind generation, particularly in Germany. The market was impacted by the bearish factors, which overrode any impact from the tighter solar output. This is due to the rising temperatures expected into the next week that will increase the demand for power. French baseload electricity for Friday fell 7.3% to 51 euros ($59.83 per megawatt-hour) at 0745 GMT. The German equivalent contract dropped 8.4% to 86.8 Euro/MWh. LSEG data shows that the wind power output in Germany will increase from 5.9 GW to 11 GW per day.
Masdar and Iberdrola, both from the UAE, invest in a 1.4 gigawatt UK wind farm
Masdar, Abu Dhabi's renewable energy company owned by the government and Iberdola of Spain will invest together in a 1.4 Gigawatt (GW), wind farm in United Kingdom. This was announced in a Thursday statement from Masdar's parent firm TAQA. According to the statement, it is estimated that the project will cost approximately 5.2 billion euro ($6.10 billion) and that 24 international banks have signed agreements for project financing of around 4.1 billion euro. According to the agreement, Masdar will hold 50% of the assets, East Anglia THREE.
