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World Bank Approves $150 Million Program to Accelerate Sri Lanka’s Clean Energy Transition
The World Bank Group has approved a $150 million program designed to help Sri Lanka transition toward clean, reliable, and affordable energy. The initiative, titled Secure, Affordable, and Sustainable Energy for Sri Lanka, aims to reduce the country’s dependence on expensive fossil fuel imports while accelerating the shift to solar...
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Octopus Energy Launches First African Renewable Energy Fund
Octopus Energy Generation has launched the Octopus Energy Power Africa Fund (OEPA), marking a pivotal step in its global green energy mission. The fund aims to accelerate renewable energy investments across Sub-Saharan Africa, focusing on transformative clean energy solutions, including rooftop solar, battery storage, electric vehicle charging infrastructure, and grid...
Pertamina to Acquire 20% Stake in Citicore Renewable Energy for $118 Million
PT Pertamina, the Indonesian state-owned oil and gas giant, has agreed to purchase a 20% stake in Citicore Renewable Energy Corp., a Philippine tycoon Edgar Saavedra’s company, for 6.7 billion pesos ($118 million). The acquisition is part of a broader plan to fund the expansion of Citicore’s renewable energy projects...
Equinor’s BeGreen Launches 65 MW Ingerslev Å Solar Plant in Denmark
Equinor has officially begun production at its Ingerslev Å solar plant, located in Jutland, Denmark. This marks the successful operational launch of the 65 MW facility, which is managed by BeGreen, a subsidiary fully owned by Equinor. The solar plant’s first production represents an important achievement in Equinor’s strategy to...
Heidelberg Materials Inaugurates World’s First Industrial-Scale CCS Facility in Cement Industry
Heidelberg Materials has officially launched the Brevik Carbon Capture and Storage (CCS) facility in Norway, marking a groundbreaking achievement in the cement industry. The facility, located at the Brevik cement plant, is the world’s first industrial-scale CCS operation in the sector, set to capture approximately 400,000 tons of CO₂ annually,...
EIB to Support Bulgaria’s Transition from Coal to Clean Energy at Maritsa East Complex
The European Investment Bank (EIB) has signed an agreement with the Bulgarian government to provide advisory support for the decarbonisation of the Maritsa East Complex, one of the largest coal-fired power generation sites in Europe and a provider of up to 35% of Bulgaria’s electricity. Under the new partnership, EIB...
NLC India Limited Wins Strategic Mineral Blocks in Chhattisgarh
NLC India Limited, which is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Coal, Government of India, reached a milestone when they emerged as the bidders for the mineral blocks named Raipura and Semhardih. They won the tender in the Tranche V auction conducted recently by the...
Octopus Energy Launches First African Renewable Energy Fund
Octopus Energy Generation has launched the Octopus Energy Power Africa Fund (OEPA), marking a pivotal step in its global green energy mission. The fund aims to accelerate renewable energy investments across Sub-Saharan Africa, focusing on transformative clean energy solutions, including rooftop solar, battery storage, electric vehicle charging infrastructure, and grid...
Caribbean Launches Green Finance Taxonomy for Climate Action
The Caribbean is set to benefit from a newly launched regional green finance taxonomy, designed to promote sustainable economic growth and increase investments in climate-friendly projects. This initiative, announced today, marks a pivotal collaboration between the CARICOM Committee of Central Bank Governors and the International Finance Corporation (IFC), a member...
Saskatchewan Government Plans to Extend Life of Coal Plants Before Transition to Nuclear Power
The Saskatchewan government has announced plans to extend the life of the province's coal-fired power plants, aiming to maintain jobs and meet growing electricity demands. Minister of Crown Investments Corporation, Jeremy Harrison, outlined the strategy in a letter to SaskPower employees, emphasizing the need to maintain affordable and reliable electricity...
Oil Prices Surge After US Strikes on Iran Nuclear Sites
Oil prices spiked in early Monday trade due to concerns over potential disruptions in energy markets following US airstrikes on Iran’s nuclear facilities. As the US targeted these sites, Iran threatened retaliation against US military bases in the Middle East, fueling fears of an escalating conflict in the region. Iran,...
Telangana to Develop 80-Acre Eco-Town Inspired by Japan’s Kitakyushu City
A Vision for Sustainable Urban Development An 80-acre eco-town is being developed in Telangana as part of an urban project. The state government has established plans for the project, and the town is modeled after Kitakyushu city located in Japan. The government desires to develop a sustainable region that offers...
India's Green Steel Incentives on Hold Amid Green Hydrogen Cost Concerns
India's push to decarbonise its steel sector has hit a temporary roadblock. The finance ministry is holding back on green steel incentives, citing high costs of green hydrogen and potential inflationary effects. According to sources familiar with the matter, the government is unwilling to commit public funds until clean energy...
World Bank Lifts Ban on Nuclear Energy Funding for Developing Countries
The World Bank's board has decided to lift its longstanding ban on funding nuclear energy projects in developing countries, signaling a shift in its energy policy aimed at addressing rising electricity demand across the globe, as reported by Reuters. This decision, announced by World Bank President Ajay Banga, marks a...
Schneider Electric & Farmson Partner for Sustainable Pharma via Green Yodha Initiative
A Strategic Partnership for Sustainability Schneider, the world leader in energy management and automation, has partnered with Farmson Basic Drugs Pvt. Ltd., India's top pharmaceutical industry player, in a strategic sustainability association. Farmson Basic Drugs was launched in February 2025 under Schneider's Green Yodha initiative, and the collaboration will infuse...
White House Dismisses Rumours of Executive Action Targeting Climate Nonprofits
Climate focused nonprofits can breathe easier for now. According to a Reuters report, the White House has no plans to strip their tax-exempt status. This assurance comes as advocacy groups brace for potential executive actions linked to environmental regulations. Climate Organizations Prepare for Potential Policy Changes Last week, the American...
EU Considers Easing Methane Rules for US LNG to Avoid Trade Rift
The European Union is considering ways to allow US liquefied natural gas (LNG) exporters to meet its new methane emissions regulations more easily, in an effort to ease trade tensions with US President Donald Trump and potentially prevent retaliatory tariffs, as reported by Reuters. The move is part of a...
Adani New Industries Launches India’s First Off-Grid 5 MW Green Hydrogen Pilot Plant
Adani New Industries Limited (ANIL) has made a significant breakthrough in India’s clean energy transition with the successful commissioning of the nation’s first off-grid 5 MW Green Hydrogen Pilot Plant in Kutch, Gujarat. This pioneering facility is powered entirely by solar energy, showcasing a crucial step forward in decentralized, renewable...
Pertamina to Acquire 20% Stake in Citicore Renewable Energy for $118 Million
PT Pertamina, the Indonesian state-owned oil and gas giant, has agreed to purchase a 20% stake in Citicore Renewable Energy Corp., a Philippine tycoon Edgar Saavedra’s company, for 6.7 billion pesos ($118 million). The acquisition is part of a broader plan to fund the expansion of Citicore’s renewable energy projects...
Net-Zero Pledges Reconstructing Carbon Monitoring in CPG Supply Chains
The net-zero carbon race is transforming the business environment, especially for consumer packaged goods (CPG) firms. Most multinational companies have pledged to become net-zero by 2050, with this prompting a tsunami of accountability along their supply chains. Suppliers are increasingly being asked to monitor and cut their emissions or face...
SolarBank Corporation Announces Development of 2.4 MW Community Solar Project in Nova Scotia
SolarBank Corporation has officially announced the continued progress of its community solar development pipeline with the introduction of the Sydney Project, a ground-mounted solar power project in Nova Scotia. This project, totaling 2.4 MW DC, is poised to generate 2,730 MWh of clean energy annually. This amount of power is...
Heidelberg Materials Inaugurates World’s First Industrial-Scale CCS Facility in Cement Industry
Heidelberg Materials has officially launched the Brevik Carbon Capture and Storage (CCS) facility in Norway, marking a groundbreaking achievement in the cement industry. The facility, located at the Brevik cement plant, is the world’s first industrial-scale CCS operation in the sector, set to capture approximately 400,000 tons of CO₂ annually,...
Rubicon Carbon Launches Verified RRT Carbon Portfolios
Rubicon Carbon, a leader in carbon credit management, has launched the Rubicon Rated Tonne (RRT), a new initiative offering curated carbon credit portfolios aimed at customers who require third-party verification. The inaugural portfolio has achieved an AAport rating from BeZero Carbon, a well-regarded independent carbon ratings agency. This rating is...
VCM and Enowa Join Forces to Provide 30 Million Tons of Carbon Credits
In a pioneering step towards sustainability initiatives, the Voluntary Carbon Market Company (VCM) and Enowa, the energy and water subsidiary of NEOM, have signed a long-term deal to provide around 30 million tons of carbon credits by 2030. The transaction represents an important milestone in VCM's objective of creating a...
US EPA Proposes Repeal of Emission Standards for Fossil Fuel Power Plants
US Environmental Protection Agency (EPA) Administrator Lee Zeldin, alongside members of Congress and Navajo Nation President Buu Nygren, announced proposals aimed at reducing regulatory burdens on coal-, oil-, and gas-fired power plants. These measures, designed to ensure affordable and dependable energy, include the repeal of greenhouse gas (GHG) emissions standards...