RENEWABLE ENERGY Feed Atom

NDF, SATBA ink $5b-MOU on financing renewable power plants projects

2 years ago

16 October 2023

2:08 PM

Iran’s National Development Fund (NDF) and Renewable Energy and Energy Efficiency Organization (SATBA) signed a memorandum of understand (MOU) worth $5 billion for financing renewable power plant projects belonging to non-governmental public institutions.

Energy in Kenya; Iran opportunities

2 years ago

8 October 2023

2:22 PM

Kenya is at the crossroads of East Africa, which has in recent years developed its economic service sector and made significant progress in the use of modern technologies. Although more than one-third of the country’s 46 million people still live below the poverty line, the middle class that has emerged in recent years accounts for three-fourths of GDP growth.

UAE to help Malaysia establish 10 GW renewable energy capacity worth $8 billion by 2025, PM Anwar says

2 years ago

6 October 2023

12:36 PM

RoydadNaft – Malaysia and the United Arab Emirates have agreed to jointly establish renewable energy capacity of 10 gigawatts in Malaysia worth $8 billion by…

Iran finalizes plan for construction of 15 GW solar power plants

2 years ago

4 October 2023

2:25 PM

Iranian First Vice President Mohammad Mokhber says a comprehensive plan for the construction of solar power plants to generate 15 gigawatts of electricity has been finalized.

Canada’s Brookfield buys UK firm Banks Group’s renewable energy unit

2 years ago

3 October 2023

12:34 PM

Canadian investment firm Brookfield is buying the renewable energy division of Banks Group, the UK-based firm, whose businesses also include mining and transport, said on Tuesday.

Turkey will restart operations this week on a crude oil pipeline from Iraq that has been suspended for about six months, Turkey’s Energy Minister Alparslan Bayraktar said on Monday.

2 years ago

2 October 2023

1:04 PM

Japanese trading house Sojitz and the country's top refiner, Eneos, have launched a large-scale solar power plant in Queensland, Australia, the two companies said in a joint statement on Monday.

UK and Germany sign hydrogen energy collaboration agreement

2 years ago

26 September 2023

2:09 PM

Britain said on Tuesday it would work closely with Germany to underpin the international trade in hydrogen under a new partnership, which the government hopes will support its net zero target and bolster energy security.

Hydro-rich Tajikistan plans to produce 1 mln tons of hydrogen by 2040

2 years ago

25 September 2023

2:04 PM

Hydropower-rich Tajikistan plans to produce 1 million metric tons of green hydrogen by 2040 for usage at home and exports to neighbouring central Asian countries, its Minister of Energy and Water Resources Daler Juma told on Monday.

Green electricity buyer industries benefit $51m from no power outage

2 years ago

25 September 2023

12:47 PM

The managing director of Iran Energy Exchange (IRENEX) said that the benefit of no power outage is 25 trillion rials (about $51 million) for the industries that buy green electricity.

Japan’s Mitsui, Canada’s Northland to build 1 GW offshore wind farm in Taiwan

2 years ago

22 September 2023

12:40 PM

Japan's Mitsui & Co said on Friday it had finalised a plan with Canada's Northland Power Inc to build a 1 gigawatt (GW) offshore wind farm in Taiwan at an estimated cost of 960 billion yen ($6.5 billion).

China, India lead Asia’s biggest hydropower crunch in decades

2 years ago

22 September 2023

12:37 PM

Hydropower generation in Asia has plunged at the fastest rate in decades amid sharp declines in China and India, data shows, forcing power regulators battling volatile electricity demand and erratic weather to rely more on fossil fuels.

TotalEnergies to invest $300 mln with Adani Green Energy to build renewable capacity in India

2 years ago

20 September 2023

1:48 PM

French oil major TotalEnergies will invest $300 million to form a joint venture with Adani Green Energy to build renewable capacity in India, the two companies' first deal since India's Adani Group was involved in an alleged tax fraud scandal.

Iran world’s 3rd country in number of CNG stations: official

2 years ago

20 September 2023

1:17 PM

Having 2,500 compressed natural gas (CNG) fuel stations, Iran is the world’s third country in terms of the number of such stations, according to the head of the National Iranian Oil Refining and Distribution Company (NIORDC).

India Increases Windfall Tax on Crude Oil, Cuts Levy on Diesel and Aviation Turbine Fuel

2 years ago

16 September 2023

12:58 PM

India has raised the windfall tax on petroleum crude from 6,700 rupees to 10,000 rupees per ton, effective September 16th, according to a government notification. This move aims to generate additional revenue for the Indian government and is a result of the tax imposed on crude oil producers in July of last year.

Solar energy shines in global survey with 68% support

3 years ago

15 September 2023

2:24 PM

More than two-thirds of the world's population favours solar energy, five times more than public support for fossil fuels, a global poll has found.

Orsted invests in its first British solar energy project

3 years ago

13 September 2023

12:04 PM

RoydadNaft – Denmark’s Orsted has made its first investment in a British solar power project, the energy developer said on Wednesday. The One Earth…

Haitham Al Ghais, OPEC Secretary General: Energy transitions guided by realism

3 years ago

11 September 2023

2:05 PM

Roydad Naft – Everyone has an opinion on oil. Some think it is the only thing to blame for climate change. Others say using oil can just…

G20 agrees to pursue tripling renewables capacity but stop short of major goals

3 years ago

9 September 2023

1:57 PM

Roydad Naft News Agency – G20 leaders on Saturday agreed to pursue tripling renewable energy capacity globally by 2030 and accepted the need to phase-down unabated coal…

UN climate ‘reality check’ a reminder that Canada must phase out fossil fuels

3 years ago

9 September 2023

1:52 PM

Roydad Naft News Agency – For the first time since the landmark Paris Agreement was signed, the United Nations has published an analysis of the world’s progress…

Development of renewable power plants accelerating in Iran: official

3 years ago

9 September 2023

12:36 PM

Roydad Naft News Agency – The development of renewable power plants in Iran has accelerated since the current government administration took office in August 2021, an official…