China finds bigger role as US sidesteps Brazil climate summit
China has stepped into the spotlight as a leader of the global warming fight, with the United States missing the U.N.'s annual climate summit in New York for the first three decades. The country's pavilion dominates the entrance of the sprawling COP30 grounds in Brazil’s Amazonian city of Belem. Executives from its largest clean energy companies present their visions of a greener future in English to large audiences, while its diplomats work behind the scenes to facilitate constructive discussions. Washington used to play these roles. Now, they are played by Beijing.
COP30: Brazil seeks biofuel boom, but critics query climate impact
Timothy Searchinger is a senior research scholar from Princeton University. He said that when land produces fuel instead of food someone else will have to clear more land or eat less. Biofuels are counted at zero, so countries believe that they have cut emissions. He said that in reality, the pressure is shifted onto food and land systems. India has already shown signs of this pressure. It has increased the percentage ethanol in petrol, and saved $12 billion on oil imports over the last decade. It has also led to the destruction of engines and arable land.
Adani Group invests $7.17 billion in power projects in India’s Assam State
Adani Group, an Indian company, announced on Friday that it would invest approximately 630 billion rupees (7.17 billion dollars) in two major projects in Assam in the state's north-eastern region. One of these will be the largest coal-fired plant in the region. Adani Power was reported as having been the lowest bidder in a state-issued tender for coal power of 3.2 gigawatts (GW). Adani announced on Friday that the coal power plant unit of its company will invest about 480 billion rupees (5.46 billion dollars) in building the facility. The company stated that the plant will be commissioned in phases starting December 2030.
Rio Tinto signs a 15-year renewable energy deal with U.S. based TerraGen
Rio Tinto announced on Friday that its Kennecott operation, located in Utah, U.S.A., had signed a virtual power purchase agreement for 15 years with TerraGen, to source renewable energy in Texas from a newly built wind farm. The deal will see Rio Tinto purchase 78.5 megawatts of electricity from TerraGen’s Monte Cristo I Windpower Project, which started commercial operations last week. The agreement was reached after the Trump Administration added copper to its list of critical minerals in the United States, and Washington…
TotalEnergies considers selling some Asian renewable energy assets
A spokesperson for TotalEnergies said that the company is considering selling some renewable energy assets located in Asia as a way to reduce its debt. Bloomberg first reported the news that the assets in question could be worth several hundred millions of dollars. The spokesperson confirmed this. Patrick Pouyanne, CEO of TotalEnergies, said at a presentation to investors earlier this year that the company was focusing its strategy on key markets such as Europe, U.S.A. and Brazil, while streamlining our efforts in renewables beyond these three markets.
ReNew, an Indian company, will invest $9.33 Billion in green energy projects across the southern state
ReNew Energy Global Plc, an Indian company, announced on Thursday that it would invest approximately 820 billion rupees (9.33 billion dollars) in Andhra Pradesh's southern state to expand its clean-energy portfolio. The company has signed agreements with the government of the state for projects that include solar manufacturing, pumped-hydro, battery storage, and green ammonia. ReNew plans to build a 6 GW photovoltaic ingot/wafer facility, a 2GW pumped-hydro project, 300,000 tonnes of green ammonia per annum, and 5 GW hybrid renewable projects, including solar-plus storage and wind-solar.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The French parliament voted on Wednesday to suspend the controversial pension reform, as budget bills for next year are pushed through under constant threats to the survival of the government. Solvay announced on Wednesday that it has partnered with Noveon Forge to supply rare earth materials starting in 2026. It has also partnered up with Permag to supply rare earth materials. Carrefour, Europe's biggest food retailer…
Made in Nigeria: Africa's drive to become a solar superpower
In pink overalls they pack the tested products to be shipped from the Salpha Energy solar assembly plant near Calabar, West Africa. It's not happening at home anymore. Salpha Energy, which began in 2017, has produced solar power systems for over two million Nigerian households and businesses. It aims to produce up to 300,000. Salpha Energy is part and parcel of the green leadership that Africans attending the U.N. COP30 Climate Summit in Brazil want to promote and showcase. Carlos Lopes is the special envoy of the COP30 Presidency for Africa.
Eneos, a Japanese company, warns of rising costs in developing offshore wind businesses
Eneos Holdings - Japan's largest oil refiner that has expanded into renewable energy - warned on Wednesday of the rising cost of developing their offshore wind project. Their CEO said returns were difficult. Eneos' Japan Renewable Energy unit won the government auction in March 2024 to develop a 375 megawatt offshore wind farm in northern Akita Prefecture, Japan, with Spain's Iberdrola, and Tohoku Electric Power Co. Construction will begin in 2020, and operations are expected to begin in 2029. Eneos CEO Tomohide Miyata said at a press event that the company has not made any decisions yet…
UBS: Data centres will drive the energy storage boom cycle in the next five years
UBS Securities predicts that the growth of AI-driven data centres in the U.S. will drive a "boom" cycle for energy storage over the next five year as it is necessary to balance out the fluctuations in wind and solar power generation. Yan Yishu, an analyst at UBS Securities in Hong Kong, told the media on Wednesday that global energy storage demand is expected to increase by 40% year-on-year globally in 2026. The demand for AI data centers in the U.S. has been very strong, but the main bottleneck is electricity. The only segment of the U.S. power grid that is expected to grow in the next 5 years will be renewables.
At COP30, California Governor Newsom blasts Trump for 'dumb' US climate policy
California Governor Gavin Newsom told an audience at the COP30 Climate Summit in Brazil that California would continue to prioritize the use of green technology while criticizing U.S. president Donald Trump's decision to reverse federal government policy on climate change. He lamented, at a meeting with Germany's Vice Minister for Climate and other state officials, that the Trump administration was censuring the clean energy market to China. Newsom, in his first of many scheduled appearances in Brazil's Amazonian city of Belem at the U.N. Climate Summit, said that China is flooding the zone.
Newsom assures California's climate'reliable partners' at the COP30 summit in Brazil
California Governor Gavin Newsom arrived in Belem, an Amazonian city, with a message to the COP30 Summit: despite Washington's abandonment the state will remain a "reliable" partner on climate policy and eco-technology. Newsom, a strident opponent of U.S. president Donald Trump, has been hinting at a presidential run in 2028 for months. He is scheduled to meet officials from some 195 countries that are attending the U.N. Climate Negotiations this year. He has scheduled meetings with subnational leaders including the Governor of Para in Brazil, where the summit will be held. California, though only one of the 50 U.S.
Top official: India may miss its 2030 green hydrogen production targets
A senior government official stated on Tuesday that some green hydrogen projects in India, which are geared towards export, will likely start later than initially planned, due to global policy uncertainty. This could delay the country's clean-fuel ambitions. Santosh Sarangi said that the country expects to reach its original target of 5 MMTPA by 2032 and produce 3 million metric tons (MMTPA), green hydrogen, by 2030. India is confident that it will continue to build a strong domestic market, despite the fact that Europe has delayed its decision on renewable energy targets.
What is climate financing and why is it important?
Money is needed by countries that want to switch to clean energy and prepare for the extreme weather conditions, as well as other effects of a warming world. Climate finance is becoming more controversial as the risks and costs of global warming increase. What is climate finance? This is all the funding that comes from governments, banks for development, private investors, and philanthropies to help countries reduce greenhouse gas emissions, or adapt to climate impact, such as through projects for renewable energy, or flood defenses. WHY IS IT IMPORTANT?
Kuwait looks to large-scale batteries storage to ease the power crisis
Kuwait is currently negotiating an important battery storage project that will have a total energy storage capacity between 4 and 6 Gigawatt-hours. This will help ease the chronic power shortages in Kuwait, said a senior official at the electricity ministry on Monday. The Gulf State, a major oil producing country and OPEC Member, is currently experiencing severe electricity shortages due to rapid population growth, urbanization, rising temperatures, and delays in maintenance. Since last year, the strain on authorities has led them to implement planned power cuts in certain areas.
AGL sells most of its Tilt stakes to QIC Future Fund for $487 Million
AGL Energy, Australia has agreed to sell 19,9% of its 20% stake to Tilt Renewables' clean energy developer for A$750m ($487.35m) to vehicles led Queensland Investment Corp and Australia's sovereign Future Fund. The goal is to free up capital that can be invested in fast-starting energy projects and batteries, which will support the grid if renewable production drops. AGL shares rose 2.8% in early trading to A$9.17, a new one-week high. This outperformed a slight 0.2% increase in the benchmark index. Tilt Australia was formed when Powering Australian Renewables…
The US wants Europe to continue using oil and gas instead of renewable energies
The world's investments in renewable energies aren't paying off and should be focused on securing a reliable supply of fossil fuels. This was the message from U.S. Energy and Interior Secretaries this week, as they tried to convince Europe to purchase more U.S. gas and oil. On the back of U.S. shale gas boom, the U.S. is now Europe's largest oil and natural gas supplier. Its companies are trying to increase their share at a time when the European Union is attempting to cut off all remaining Russian energy imports. The message of U.S. officials during an energy conference held in Athens, Greece this week highlighted the shift in U.S.
Official: India's rapid roll-out of renewable energy and the mismatch in demand is driving up electricity costs.
A senior official from the Central Electricity Authority said that India's rapid rollout of renewable energy is straining grid operations, and increasing electricity costs because demand has not kept up with it. In the first half 2025, India's renewable energy output grew at its fastest rate since 2022. In the first half of this year, India achieved 50% of its electricity installed capacity using non-fossil sources. Its target was to add 500 gigawatts of power by 2030. The Energy and Resources Institute in New Delhi organised a forum. The Chairperson Ghanshyamprasad spoke at the event.
Emmvee Photovoltaic, a company that is preparing to IPO, bets $625.75 millions on India's solar boom.
Emmvee Photovoltaic Power, an Indian solar panel manufacturer that is preparing to launch its initial public offering, plans to invest around 55 billion rupees (625.75 million dollars) to expand their manufacturing capacity. They are betting on the robust demand in India, according to a top executive. The company plans to increase its capacity to 16.3 GW in the first half 2028. It currently has 7.8 gigawatts. Emmvee also plans to increase its cell production from 2.94 GW to 8.94 Gw by the first half 2028. The company…
Orsted, the offshore wind group, has a net loss for Q3 after US troubles under Trump
Orsted, which is the largest offshore wind farm company in the world, reported a net loss for its third quarter of 1,70 billion Danish crowns (approximately $265,50 million) on Wednesday. The group was hit by President Donald Trump's policies regarding trade and his opposition to renewable energy. Orsted shares are down 85% since their peak in 2021, due to rising costs, supply chain disruptions and challenges in the United States, where Trump tried to stop several ongoing developments. Orsted suffered impairment losses of 1.8 Billion Crowns in the third-quarter.