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Iran struggling to tackle energy crisis despite vast oil reserves

Iran struggling to tackle energy crisis despite vast oil reserves

- President Masoud Pezeshkian has invited the public to lower heating by 2C while country suffers amid power cuts and schools go online due to cold weather

24.12.2024 Oil

Türkiye's renewable transition presents 'promising economic driver'

Türkiye's renewable transition presents 'promising economic driver'

- Country's potential in developing sustainable systems, strategic location adjacent to key European markets, emerging renewable energy sector present opportunities, says global consulting firm partner

10.12.2024 Renewable

TotalEnergies to buy Germany based renewable energy firm VSB Group for $1.65B

TotalEnergies to buy Germany based renewable energy firm VSB Group for $1.65B

- French energy giant also signs deal for sale of 50% of a portfolio of solar and battery energy storage systems projects located in Texas

05.12.2024 Renewable

Serbia invites Turkish investors to share knowhow and experience in renewable projects

Serbia invites Turkish investors to share knowhow and experience in renewable projects

- 'Turkish companies have knowledge and can contribute to this process and the rehabilitation of our existing hydroelectric power plants,' Serbian energy and mining minister says

26.11.2024 General

Türkiye unveils renewable energy strategy to London investors

Türkiye unveils renewable energy strategy to London investors

- Presidential Investment Office kicks off European tour to attract funding from UK, France, the Netherlands and Germany

26.11.2024 General

Annual inflation eases to 4.4% in OECD amid weaker energy prices

Annual inflation eases to 4.4% in OECD amid weaker energy prices

- Energy inflation drops in 34 OECD countries in September, 17 of which already saw negative energy inflation in August

06.11.2024 Finance

Türkiye to quadruple renewable energy capacity by 2035 with $80B investment

Türkiye to quadruple renewable energy capacity by 2035 with $80B investment

- Ankara is set to launch 90,000 MW of new renewable capacity, new transmission grid, upgraded infrastructure, new investment of around $108 billion and reform process

21.10.2024 General

UK bank provides €249 million to support Turkish Kalyon Enerji's solar project

UK bank provides €249 million to support Turkish Kalyon Enerji's solar project

- Project is expected to produce renewable energy to supply 65,000 households in Türkiye annually

08.08.2024 Solar Energy Projects

World falling behind on renewable targets, must ramp up capacity growth: IRENA

World falling behind on renewable targets, must ramp up capacity growth: IRENA

- IRENA's latest report shows renewable energy is on track to overtake fossil fuels in global installed power capacity

11.07.2024 Renewable

International investors are paying close attention to Türkiye's renewable energy sector

International investors are paying close attention to Türkiye's renewable energy sector

- Country's established renewables sector has potential to attract further investment, says official at UN Trade and Development

11.06.2024 Renewable

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Türkiye ranks among top 11 countries in world in renewable energy capacity

Türkiye ranks among top 11 countries in world in renewable energy capacity

-Türkiye also ranks fifth largest in Europe in renewable energy installations, says Turkish energy minister

29.05.2024 Wind Solar

SENTRUM project to focus on sustainable transformation of Turkish historical town of Birgi

SENTRUM project to focus on sustainable transformation of Turkish historical town of Birgi

Birgi to be second site for country's 'green destination' for tourism based on energy efficiency, renewable energy and other sustainable practices

22.05.2024 Renewable

World Bank and Türkiye sign $1 billion renewable financing deal

World Bank and Türkiye sign $1 billion renewable financing deal

- Results-based financing program—first of its kind in Türkiye—will disburse World Bank funds as pre-agreed results are reached

17.05.2024 Renewable Finance Projects General

Traditional energy security policies could change due to increasing renewables use

Traditional energy security policies could change due to increasing renewables use

- Process of transitioning away from fossil fuel-based system set to change dynamics of energy trade

03.05.2024 Renewable International Relations

Global renewable energy capacity up 52% in 5 years

Global renewable energy capacity up 52% in 5 years

- Biggest increase in renewable capacity is seen in solar power plants at 138.5%

02.04.2024 Renewable

$41bn to be invested in green hydrogen and renewable energy in Egypt over 10 years

$41bn to be invested in green hydrogen and renewable energy in Egypt over 10 years

- First phase of investment of $12 billion will be made in Suez Canal Economic Zone, followed by $29 billion

29.02.2024 Hydro

Borealis, Axpo sign 2 new long-term deals for renewable energy

Borealis, Axpo sign 2 new long-term deals for renewable energy

10-year deals in Sweden and Belgium follow three earlier long-term agreements with Swiss utility Axpo

15.02.2024 Renewable

Türkiye's energy cooperation with UAE to open doors to new technologies

Türkiye's energy cooperation with UAE to open doors to new technologies

- $27-billion deal signed in August between Türkiye and United Arab Emirates also contributes to goal of achieving carbon neutrality by 2053

01.02.2024 Renewable Energy Diplomacy Energy Projects

Türkiye's energy cooperation with UAE to open doors to new technologies

Türkiye's energy cooperation with UAE to open doors to new technologies

- $27-billion deal signed in August between Türkiye and United Arab Emirates also contributes to goal of achieving carbon neutrality by 2053

01.02.2024 Electricity Renewable

Renewables total 99.5% of electricity capacity growth in 2023: Turkish Energy Ministry

Renewables total 99.5% of electricity capacity growth in 2023: Turkish Energy Ministry

- Country aims to increase share of renewables in installed capacity to 65% in 2035 from 56% in 2023

23.01.2024 Renewable

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Türkiye could be part of Libya's ambitious renewable energy shift

Türkiye could be part of Libya's ambitious renewable energy shift

21.01.2024 Renewable

Libya eyes new energy sector era with renewed goals, deals

Libya eyes new energy sector era with renewed goals, deals

- To evaluate investment opportunities in Libya, country is organizing Libya Energy and Economy Summit to run between Jan. 13 and 14 in capital city Tripoli

13.01.2024 Oil

World Bank to pledge $750M for electricity transmission project in Türkiye

World Bank to pledge $750M for electricity transmission project in Türkiye

- World Bank country director for Türkiye describes country's renewable energy plan as 'one of the biggest programs that we have had for renewable installation in the developing world'

05.12.2023 Electricity Renewable

UK raises maximum auction bid prices for renewables projects

UK raises maximum auction bid prices for renewables projects

- UK targets up to 50 gigawatts of offshore wind by 2030

16.11.2023 Renewable Finance Europe

GE Vernova and Alfanar to develop renewable projects in Spain

GE Vernova and Alfanar to develop renewable projects in Spain

- Spain aims for 81% renewable energy capacity by 2030 and carbon neutrality by 2050

16.11.2023 Renewable Europe

Türkiye aims to build 60 gigawatts of renewables capacity by 2035

Türkiye aims to build 60 gigawatts of renewables capacity by 2035

-Turkish energy minister says approximately 55% of installed capacity is generated from renewables

11.10.2023 World Türkiye

Renewables and hydrogen highlighted for Türkiye-Japan cooperation: Japan's ambassador

Renewables and hydrogen highlighted for Türkiye-Japan cooperation: Japan's ambassador

- Bilateral relations can also be improved in mining sector, Takahiko Katsumata, ambassador of Japan says

25.09.2023 Renewable Nuclear International Relations Türkiye Asia

EU solar and wind power growth replaces 54% of Russian gas imports

EU solar and wind power growth replaces 54% of Russian gas imports

- EU substituted over half of 33 terawatt-hours of natural gas imported from Russia last month with electricity generated from wind and solar

15.09.2023 Renewable Europe

Widespread protests against higher electricity bills hit Pakistan

Widespread protests against higher electricity bills hit Pakistan

- Government cites depreciating local currency and rising oil prices for sharp rise in rates

28.08.2023 General

Renewables could become largest electricity source by 2024, surpassing coal

Renewables could become largest electricity source by 2024, surpassing coal

- Share of renewables in global electricity generation stands at 22% in 2014 and is now forecast to reach over 33% in 2024, showing 50% growth during this period

28.07.2023 Renewable World

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