EBRD stated that Ukraine urgently needs new generation capacity after Russian attacks severely damaged its power sector, creating a significant shortfall in electricity generation. In response, the bank announced the launch of the Ukraine Renewable Energy Risk Mitigation Mechanism.
Masdar, Abu Dhabi’s state-owned renewable energy company, and Iberdrola, one of the world’s largest energy firms, have signed two major agreements as part of their €15 billion (almost $17.6 bn) alliance to expand offshore wind and green hydrogen projects in the UK, Germany, and the United States.
Australia has pledged $283 million to support a green hydrogen project led by explosives manufacturer Orica, aiming to boost renewable energy production and reduce industrial emissions.
The world’s largest climate fund approved a record volume of climate finance for developing countries, scaling up its efforts in response to growing global demand for climate finance.
Azerbaijan, Kazakhstan and Uzbekistan have established a joint venture to implement the Green Energy Corridor: Azerbaijan–Central Asia project aimed at building infrastructure for clean energy transmission and strengthening a regional energy cooperation.
A record 740 gigawatts of renewable energy capacity was added worldwide last year, but it's still not enough to meet a global goal to triple renewable capacity by 2030, according to a report by the Paris-based thinktank REN21 showed on Tuesday.
President Ilham Aliyev today inaugurated Azerbaijan's largest power plant in Mingachevir, constructed in partnership with Italian and Chinese companies.
The World Bank has approved $101 million in financing for the First Sustainable and Inclusive Growth Development Policy Operation in the Kyrgyz Republic. It will provide a budgetary support to the government in implementing a broad set of reforms.
The UK government announced plans to cut green levies on thousands of businesses, aiming to reduce soaring energy costs and boost the manufacturing sector, particularly in Labour strongholds.
In 19 EU countries, the share of renewable energy sources in net electricity generation decreased in the first quarter of 2025 compared with the first quarter of 2024. The largest drops were recorded in Greece (-12.4%), Lithuania (-12.0%) and Slovakia (-10.6%).
Egypt’s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability and manage peak demand. The project is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million metric tonnes of emissions per year.
Kazakhstan’s Energy Minister met with International Renewable Energy Agencys Director General to discuss cooperation on renewable energy and the global energy transition.
Kazakhstan is ramping up its commitment to renewable energy, with plans to launch 93 new projects totaling 2.3 GW by 2030, as part of a broader strategy to boost clean energy production and attract international investment.
Abu Dhabi Future Energy Company PJSC – Masdar has announced the issuance of a new $1 billion green bonds, bringing its cumulative green bond portfolio to $2.75 billion and reinforcing its global leadership in sustainable finance.
Leaders from around the world, including the President of the EU Commission Ursula von der Leyen, will come together today to address the global challenges and opportunities of speeding up the clean energy transition.
UN Secretary-General Antonio Guterres called on world leaders to urgently step up climate efforts ahead of COP30, stressing that the planet faces deepening threats from worsening environmental disasters.
The International Renewable Energy Agency (IRENA) officially confirmed that 2024 was a record year for renewables additions to global power capacity. Renewables represented more than 92 per cent of all new electricity generation capacity installed last year.
Azerbaijan's President Ilham Aliyev has approved an agreement between Azerbaijan, Kazakhstan and Uzbekistan on strategic partnership in the development and transmission of green energy.
AIIB approves $500M program to boost regional energy security with hydropower in Tajikistan, addressing growing demand and promoting renewable energy in Central Asia.
Kazakhstan unveils its energy strategy to 2035, focusing on renewables, grid upgrades, and nuclear power to cut coal reliance and emissions.
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