Sembcorp Industries, through its wholly owned subsidiary Sembcorp Green Infra Private Limited, has won a 300 MW inter-state transmission system (ISTS) – connected wind-solar hybrid power project from NTPC Limited. This project is part of NTPC’s 1.2 GW renewable energy bid and will be developed under a build-own-operate model.
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STMicroelectronics has announced a 21-year power purchase agreement with BKH Solar. BKH Solar Sdn Bhd is jointly established by ENGIE Renewable SEA Pte Ltd and and Conextone Energy Sdn Bhd. This agreement enables the company to source approximately 50 GWh of renewable energy annually from a new solar farm in Bukit Kayu Hitam, Kedah, Malaysia.
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JERA Nex and Catalyst Energy Partners (CEP) have formed a strategic alliance to drive the development, construction, ownership, and operation of new clean energy facilities in key US markets. This collaboration aims to expedite the deployment of large-scale renewable energy projects by leveraging existing grid infrastructure and aligning renewable projects with conventional power plants to enhance grid efficiency.
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Gevo has secured a conditional commitment for a $1.46 billion loan guarantee (excluding capitalised interest during construction) from the US Department of Energy (DOE) Loan Programs Office (LPO) for its Net-Zero 1 (NZ1) project in South Dakota. With capitalised interest, the DOE loan facility offers a borrowing capacity of $1.63 billion.
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Australia’s transition to a net zero economy is necessary, inevitable and urgent. Among developed countries, Australia is one of the most vulnerable to the impacts of climate change. The impacts of nearly 1.5 degrees of warming can already be seen in trends of declining rainfall in the south-east and south-west, an increase in extreme fire weather and longer fire seasons, higher sea surface temperatures, rising sea levels and increasing ocean acidification.
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The Japan Bank for International Cooperation (JBIC) signed two project loan agreements with Abu Dhabi National Oil Company (ADNOC). These agreements amount to approximately $341 million and $130 million, respectively, under the credit line established in July 2024. The loans are co-financed by Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., and The Hongkong Shanghai Banking Corporation Limited, Tokyo Branch, bringing the total co-financing to $569 million and $217 million, respectively.
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Energy was an important component of the Labour Party’s platform; one of its five key ‘missions’ was to ‘make Britain a clean energy superpower to cut bills, create jobs and deliver security with cheaper, zero carbon electricity by 2030, accelerating to net zero’ and one of its proposed first six steps was to set up Great British Energy (GBE) ‘a publicly-owned clean power company, to cut bills for good and boost energy security’. To achieve its 2030 goal the government promised to ‘work with the private sector to double onshore wind, triple solar power, and quadruple offshore wind by 2030.’
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The EU is a global leader in the fight against climate change by producing strict regulations, innovative and binding policies and mechanisms within and outside its borders. Paris Agreement, which holds a legally binding international treaty status, is a milestone in the fight against Global Climate Change. The European Green Deal, introduced in 2019 and entered into force in 2020, is a strategic policy roadmap designed to make the EU carbon-neutral by 2050.
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Recently, both Kazakhstan and Uzbekistan have intensified their government policy focus on decarbonizing buildings. Uzbekistan’s government aims to improve the overall economy’s energy efficiency by 50% by 2030. In Kazakhstan, the national government targets a 15% reduction in the economy’s energy intensity by 2029 through prioritising energy efficiency in buildings.
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It identifies and provides an overview of the policies containing provisions on hydrogen, specifying which aspects of hydrogen they address, and how they impact the components (supply, demand, infrastructure) of the EU hydrogen market. Then it offers an insight into the financing of the EU hydrogen framework, categorising the instruments available according to the type of support they provide, their deployment stage, the technologies they cover, and whether they are open to applications from all EU Member States.
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SC Net Zero Ventures, a venture capital investment fund managed by Suma Capital in alliance with Repsol has raised €125 million in its first investment closing. It targets a final goal of €150 million. Repsol and Suma Capital collaborated in 2022 to create SC Net Zero Ventures. Furthermore, Repsol has contributed €50 million in the investment.
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The Climate Bank for Viet Nam (CBV) could build specialist expertise and financial capacity to finance an energy transition based on socio-economic justice and climate-resilient public infrastructure. As an institution with a clear public purpose mission, the CBV can focus on financing activities that generate positive externalities. Viet Nam has committed to ramping up investment in climate action. Building on best international practices, Viet Nam may benefit significantly from the creation of a new public purpose legacy financial institution. The CBV could showcase how a well governed public bank can be a driver of good for people and the planet by ensuring social equity and prosperity in response to climate change.
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Beyond 2035, expanding renewable energy sources, end-use electrification, moderate fuel switching to hydrogen, and carbon CDR technologies are the predominant cost-minimising strategies to achieve net-zero emissions. Notably, source switching, both to electricity and hydrogen, in the transportation and industrial sectors are focal points for divergence between the Current Policy and Net Zero scenarios.
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The paper “Thailand’s Path toward Carbon Neutrality and the Implications for the Mekong Subregion” By Twarath Sutabutr Clean Edge Asia Fellow concludes that Thailand has recognized climate change as an existential threat to the planet and has formulated several national plans and policies to reduce emissions and eventually achieve carbon neutrality by 2050. Both the public and private sectors have been actively involved in reducing greenhouse gas emissions, and a series of measures have been implemented in each sector.
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The UK Department for Energy Security and Net Zero has announced approximately $26.7 million in government funding for seven low-carbon hydrogen projects, which is expected to boost the country’s hydrogen production capacity by 800 MW. Subject to the signing of contracts, financing from the second phase of the Net Zero Hydrogen Fund (NZHF) will support the projects’ development and implementation.
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This report examines the untapped potential of onshore wind in Bavaria and how increased deployment could strengthen the region’s energy sovereignty and reduce the costs of continued high dependence on imported gas. The Bavarian government has set a target to double the amount of electricity generated from renewables from 40 TWh to 78 TWh by 2030.
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Indonesia’s young power and industrial assets need clean energy alternatives and energy efficiency measures in order for the country to reach its climate target of net zero emissions by 2060. This report aims to inform that Carbon capture, utilisation and storage (CCUS) can be an important technology to help achieve that goal while advancing energy security and employment outcomes. It is set to play diverse roles in supporting Indonesia’s energy transition.
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Chile is actively working towards achieving carbon neutrality by 2050, defined under the Ley Marco de Cambio Climático or Framework Law on Climate Change of 2022. Chile has been taking various steps to strengthen the electricity sector, with an aim to have a more detailed path towards its decarbonisation plans. Timely implementation of these initiatives will help the country maintain a smoother energy transition.
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A massive build out of new energy infrastructure, in particular clean power, is needed to meet the goals of the energy transition with total investment estimated at $4.5 trillion by 2030. Following the IEA’s recommendation, 117 countries agreed to triple global renewable energy capacity by 2030 (to over 11,000 GW) and double the annual rate of energy efficiency improvements within this decade. These ambitious yet achievable targets are vital to keep the 1.5°C goal within reach.
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World leaders have been building momentum to triple global installed renewable energy capacity by 2030, from a 2022 baseline. The proposed pledge puts renewable energy at the forefront of upcoming negotiations and aligns with BloombergNEF’s own analysis on a net-zero pathway. Achieving it will require global commitments to remove bottlenecks, particularly those affecting wind and power grids, that differ by country.
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