On Thursday, the world’s second-largest steelmaker projected an improvement in steel demand for 2025 and announced that its annual investment budget would remain in line with the previous year’s. This came after its fourth-quarter earnings surpassed market expectations. By 10:42 GMT, the company’s shares had surged 6.6%, reaching their highest level since April 2024. “Expectations […]
Oman is gearing up to harness its renewable energy potential to power its Artificial Intelligence (AI) initiatives [1], according to the Ministry of Transport, Communications, and Information Technology. Eng. Said bin Hamoud al Maawali, the Minister, emphasized the importance of preparing for the expected surge in electricity demand driven by AI, which is projected to […]
According to Adnan Aslan, The chairman of Türkiye’s Steel Exporters’ Association, the steel industry has the potential to export up to 2 million metric tons to help Syria reconstruct its land post-civil war. With the recent updates from Syria. Aslan said in a press conference that producers in Iskenderun have already begun exporting to Syria, though […]
Norway’s Equinor has announced a reduction in its renewable energy targets [1] for 2030, citing challenging market conditions. The company now aims for an installed capacity of 10-12 gigawatts (GW) by 2030, down from its previous target of 12-16 GW. This decision follows similar moves by other European energy firms like BP and Shell, which […]
Saudi Arabia’s aid agency King Salman Humanitarian Aid and Relief Center (KSrelief), in collaboration with the United Nations Development Programme (UNDP), has launched a new project in Aden, Yemen.[1] The program aims in empowering Yemeni women through renewable energy, by providing them with tools to generate income and strengthen their role in society. The initiative […]
Thousands of steelworkers marched through the streets of Brussels on Wednesday, calling for urgent intervention from the European Union to support the struggling steel industry. The protest comes as Belgian cinemas screen a documentary highlighting the sector’s decline, underscoring growing concerns over job losses and economic challenges. “L’acier a coulé dans nos veines which means […]
The company is to set up the pellet and DRI plants India’s Larsen & Toubro (L&T) said its minerals & metals (M&M) business vertical had received an order to set up a pellet plant and a direct reduction of iron (DRI) plant in the Middle East & North Africa (MENA) region. The GCC order is a […]
USA’s Amazon and Iberdrola have announced an expansion of their global renewable energy partnership [1], adding 476 megawatts (MW) of renewable energy power purchase agreements (PPAs) in Portugal and Spain. This marks Amazon’s first renewable energy projects in these countries, furthering their commitment to achieving net-zero carbon emissions by 2040. The new PPAs include a […]
The OPEC Fund for International Development (OPEC Fund) and the Islamic Republic of Mauritania have signed a landmark Country Partnership [1] Framework Agreement. The agreement, spanning from 2025 to 2027, earmarks US$120 million in new development financing to support Mauritania’s key development priorities. The funding will finance critical projects promoting renewable energy, clean water, food […]
The World Steel Association says that the global crude steel production in 2024 declined by about 1% year-on-year. With the data released, organizations now want to determine where steel prices might go for the rest of 2025. On January 24, the Brussels-based association reported that total volumes for the year exceeded 1.88 billion metric tons, […]
Mexican President Claudia Sheinbaum on Saturday ordered retaliatory tariffs in response to the U.S. decision to slap 25% tariffs on all goods coming from Mexico, as a trade war broke out between the two neighbors. Sheinbaum said through a lengthy post on X that her government prioritized dialogue over conflict with its primary northern trade partner but […]
In a significant move towards sustainable energy, state-owned Oil India Limited (OIL) has officially established a wholly-owned subsidiary [1] called Oil Green Energy Limited. This new subsidiary is dedicated to spearheading renewable energy initiatives, including geothermal, wind, hydro, solar, tidal, and waste energy projects. The announcement was made via a disclosure submitted to the Bombay […]
In a significant move towards achieving its Net Zero goals, Oman’s Ministry of Energy and Minerals has introduced a new policy framework [1] aimed at fostering investments in energy storage. The policy, known as the “Electricity Self-Generation, Direct Sales, and Wheeling Policy,” is designed to promote the growth of integrated renewable energy capacity, including generation, […]
U.S. companies are expected to seek alternative sources for key industrial metals in response to sweeping tariffs imposed by President Donald Trump, industry sources report. To mitigate the impact of these trade restrictions, businesses are looking to the Middle East and India for aluminium supplies, while turning to Chile and Peru for copper. Trump’s orders […]
A main contractor has been appointed to support Tata Steel’s £1.25bn green steel-making project at its Port Talbot steelworks site. UK construction and civil engineering firm Sir Robert McAlpine has been appointed to oversee the primary civil, structural, and building works for the development of a new electric arc furnace in the town. According to reports, the […]
According to commodity analysts Kpler, China, the world’s biggest buyer of iron ore, is expected to import 99.5 million metric tons of the key steel raw material in January. China’s imports of iron ore and seaborne coal are on track for a soft start to the year, with January arrivals declining to multi-month lows, says […]
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have significantly scaled up their support for Serbia’s transition to clean energy [1]. The two entities are jointly funding the reconstruction of the Vlasinske hydropower cascade, a critical step in modernizing Serbia’s energy infrastructure. The EBRD is providing a loan of up to €67 […]
Ørsted, the world’s leading offshore wind developer, has announced the replacement of its CEO [1], Mads Nipper, amid challenging times for the wind power industry. Nipper, who took over as CEO in January 2021, will step down on February 1, 2025, and will be succeeded by Rasmus Errboe, the current deputy CEO and chief commercial officer. The […]
The Middle East and North Africa (MENA) region is projected to attract over $1 trillion [1]in renewable energy investments by 2030, according to Mark Thomas, Group CEO of Bapco Energies. This announcement was made during the third edition of the Sustainability Forum Middle East, held in Bahrain. The forum, which drew over 400 regional and international decision-makers, […]
Turkish steelmaker Tosyalı Holding has announced plans to invest nearly USD 1 billion to install 1.2 GW of solar power capacity for self-consumption across eight provinces. The initiative aligns with the company’s strategy to enhance renewable energy use in its operations. Tosyalı has signed agreements to develop 120 MW of peak solar capacity in Osmaniye, […]
The sale of Thyssenkrupp Electrical Steel India Private Ltd. has been completed. The transaction was officially completed today, with the buyer being a joint venture between JSW Steel Limited—India’s largest steelmaker and part of the JSW Group—and JFE Steel Corporation, which is Japan’s second-largest steel producer. The target company is based in Nashik, approximately 150 […]
Italy and Tunisia have taken a significant step towards enhancing their energy cooperation with the signing of the Elmed energy link project [1]. This ambitious initiative aims to connect the electricity grids of the two countries through a 200-kilometer high-voltage direct current (HVDC) submarine cable. The Elmed project, with a total cost of €920 million, is co-financed […]
A GlobalData report states that the traditional clothing sector expanded by 0.1% in 2024, while the global resale garment market surged by 17.6% to reach US$204.7 billion. With a compound annual growth rate (CAGR) of 11.4% anticipated through 2028, the market is expected to grow by an additional 13.3% in 2025. According to Alice Price, […]
Morocco has announced plans to invest $3 billion [1] over the next five years in various power projects aimed at expanding its electricity network and increasing the share of renewable energy. The announcement was made by Tarik Hammane, Director General of the National Office of Electricity and Drinking Water, during a local energy seminar in Casablanca. The […]
According to the recent Economic Survey [1] in India for 2024-25, renewable energy now constitutes approximately 47% of India’s total installed power capacity. The country’s renewable energy capacity grew by 15.8% year-on-year, reaching 209.4 GW by December 2024, up from 180.8 GW in December 2023. The survey highlights a growing dependence on cleaner, non-fossil fuel-based energy sources. […]
Chief Financial Officer Koushik Chatterjee stated that Tata Steel’s growth strategy will prioritize financial prudence, ensuring that expansion does not come at the cost of rising debt. The company plans to balance internal accruals and deleveraging to sustain its financial health. Tata Steel has revised its breakeven timeline for UK operations, projecting a delay of six […]
Gordon Brothers, the global asset experts headquartered in Boston, US, have been appointed as the exclusive selling agent for a never-used two million tonnes-per-annum (TPA) flat and long steel production plant. The facility is owned by one of the most renowned and largest steel manufacturers in the GCC. According to Gordon Brothers, this sale presents […]
Toyoda Gosei has partnered with leading sportswear brand ASICS to launch the Skyhand OG sports shoe range, incorporating upcycled leather remnants from car steering wheel production. These eco-friendly trainers will be available on the ASICS online store from 1 February. Committed to reducing waste, Toyoda Gosei repurposes difficult-to-recycle materials, such as airbag fabric and steering […]
President Donald Trump’s proposal to impose tariffs on U.S. copper and aluminium imports is expected to drive up costs for local consumers due to insufficient domestic production, analysts and industry experts warned on Tuesday. In a speech on Monday, Trump announced plans to levy tariffs on aluminium and copper—both critical for U.S. military hardware—along with […]
The Czech investor Daniel Kretinsky has confirmed his interest in Thyssenkrupp Steel. Daniel Kretinsky runs and owns Energeticky, a prumyslovy holding (EPH), the biggest energy group in Central Europe. During the 2020 market crash, he took the stock market by storm, making bets on companies like Macy’s, Foot Locker, Sainsbury, and Royal Mail. Thyssenkrupp shares […]
In a significant move towards sustainable energy, Meta and Zelestra have announced the signing of four new Environmental Attribute Purchase Agreements (EAPAs) [1] in Texas. These agreements, totaling 595 MWac, will enable the construction of four solar projects with a combined capacity of 720 MWdc. The projects are set to be located in Hopkins, Lamar, Lampasas, and […]
The Norwegian government has collapsed following a heated dispute [1] over EU-mandated renewable energy policies. The Centre Party, known for its eurosceptic stance, withdrew from the coalition government on January 30, 2025, leaving Prime Minister Jonas Gahr Støre’s Labour Party to govern alone for the first time in 25 years. The conflict arose from the European Union’s […]
Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the state’s role in business, according to government sources, reported Zawya. New Delhi has plans to invest about $1.5 billion in financial rescue packages for two state-owned firms as they failed to sell […]
South Sudan has taken a significant step towards sustainable energy with the launch of its first major renewable energy project [1]. The Ezra Group, a family-run conglomerate based in South Sudan, announced the successful launch of a 20-Megawatt (MW) solar power plant and a 14-Megawatt-hour (MWh) Battery Energy Storage System (BESS) in the capital city […]
Dubai Electricity and Water Authority (DEWA) celebrated two events [1] on January 26, 2025, to mark the International Day of Clean Energy on the 26th of January at DEWA’s Sustainability and Innovation Centre, located within the Mohammed bin Rashid Al Maktoum Solar Park. The two events were organized in collaboration with the Ministry of Climate […]
The UK steel industry is struggling with challenges due to the soaring electricity costs, threatening its competitiveness and long-term viability. According to UK Steel, the country’s steelmakers are struggling with electricity costs that are up to 50% higher than those in Germany and France. This notable price gap, amounting to approximately £22 per megawatt-hour, is […]
DSV, a global logistics leader, celebrated the launch of its first renewable energy [1]assets at its Landskrona warehouse facilities in Sweden. This strategic move signifies a milestone in DSV’s journey toward achieving net-zero CO2 emissions by 2050. The new facilities feature more than 100,000 square meters of rooftop solar panels, which generate 14 MWp of […]
Italy’s Cimbali Group, well known for it manufacturing of espresso machines, has embarked on an ambitious renewable energy [1] project at its Dolo facility in Italy. This new initiative underscores the company’s commitment to sustainability and its ongoing efforts to reduce its environmental footprint. The project involves the installation of 460 photovoltaic modules with a […]
Türkiye’s largest steelmaker, Tosyali Holding, has decided to invest around $1 billion in solar energy investments to support green steel production, the company’s chairman, Fuat Tosyali, said, according to Türkiye today. At the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland, Tosyali said that 70% of the world’s Steel Industry is based […]
HYBRIT (Hydrogen Breakthrough Ironmaking Technology), aims to develop the first value chain for fossil-free steel, with fossil-free electricity and hydrogen. The ambitious collaboration between SSAB, LKAB, and Vattenfall, focuses on plans to transition from its successful pilot phase towards industrial-scale production in the coming years. The initiative aims to reduce Sweden’s carbon dioxide emissions by […]
TRENDS Research & Advisory has launched a comprehensive study titled “The Future of Renewable Energy: Financing Challenges and Prosperity Opportunities”[1]. This study was unveiled during TRENDS’ second participation in the World Economic Forum in Davos. The study aims to address critical issues related to renewable energy, including financial challenges and promising opportunities, with the goal […]
Egypt has set an ambitious target [1] to produce nearly 16,100 megawatts (MW) from renewable energy sources by 2029, as part of its drive to reduce reliance on conventional power generation and save its hydrocarbon resources. This target includes 6,600 MW currently produced from solar, wind, and water projects, with new projects expected to boost […]
CEO Mauro Longobardo reported that ArcelorMittal Kryvyi Rih failed to reach break-even production levels in 2024. He attributed this to several factors, including electricity supply shortages, high energy prices, the need to import a significant portion of electricity, staffing, and expensive logistics with unfavorable pricing conditions in metal markets. “All of this negatively affects our […]
Hyundai Steel, an affiliate of automakers Hyundai Motor, South Korea has decided to build a steel plant in the United States. As President Donald Trump prepares to intensify protectionist measures, the company decides to make a move. On Tuesday, Trump announced plans to impose tariffs on multiple fronts, including a potential 25% tariff on Mexico […]
Starting on April 16, Helena Norrman has been appointed as EVP & Head of Group Communications, a newly created role in the company’s Group Executive Committee. Helena will oversee SSAB’s communication strategies and operations and will be responsible for communication at SSAB. SSAB developed SSAB Fossil-free™ steel with the intent to reinvent the value chain […]
CleanMax, a Brookfield-supported renewable energy provider, has secured USD 27 million in long-term credit from HSBC [1] to fund and develop 92 onsite solar assets in the UAE. These projects will be implemented across various industrial sites, malls, schools, and universities. The financial agreement includes an additional uncommitted AED 37 million (USD 10 million) to […]
Lesotho’s King Letsie III has embarked on an ambitious mission [1] at the World Economic Forum in Davos, Switzerland, to promote his country’s green energy initiatives. Lesotho is a landlocked mountain kingdom in Southern Africa. King Letsie III urged global business and political leaders to invest in Lesotho’s renewable energy projects at Davos. In an […]
Russian coal and steel producer Mechel, sanctioned by the United States a year ago, has agreed on a new debt restructuring as low coal prices and high interest rates put pressure on its payment schedule. Russian companies and lobby groups have raised concerns over soaring interest rates, which closed the year at a steep 21%. […]
During the 2025 World Economic Forum [1] in Davos, Egyptian Minister of Planning and Economic Development, Rania Al-Mashat, and Samaila Zubairu, CEO of the Africa Finance Corporation (AFC), held a significant meeting to discuss renewable energy investments. As co-chairs of the Mobilising Investment for Clean Energy in Emerging Economies (MICEE) network, they focused on mobilizing […]
Billionaire Sajjan Jindal-led JSW Group has unveiled plans to invest ₹3 trillion ($34.67 billion) in Maharashtra, strengthening its presence in electric vehicles, battery production, steel, and green energy sectors. The ports-to-cement conglomerate signed an agreement with the Maharashtra government during the World Economic Forum in Davos, Switzerland. Maharashtra, India’s financial capital, is set to benefit […]
Hours into his second presidency, USA’s 47th President Donald Trump has signed a series of executive orders that significantly impact the renewable energy sector [1] in the United States. These orders mark a shift in energy policy, focusing on expanding fossil fuel production and rolling back previous climate initiatives. Renewable energy companies have reacted with […]
European Union co-founded a project named TWINGHY, aiming to introduce hydrogen as a fuel to replace natural gas in reheating furnaces in the steel sector. The project aims to create a digital twin-control furnace behavior and enhance operational efficiency. The EU-funded project, launched in 2023, will continue for three years with a budget exceeding EUR […]
President Donald Trump announced an ambitious plan on Monday aimed at bolstering oil and gas production in the United States. The proposal included declaring a national ‘energy emergency‘ to accelerate permitting processes, rolling back environmental regulations, and withdrawing the U.S. from an international climate agreement. The strategy represents a stark departure from the energy policies […]
Vale, a global leader in sustainable mining, has reported to take a major step toward green steel production by signing a land reservation agreement with the Royal Commission of Jubail and Yanbu in Saudi Arabia. The agreement paves the way for the development of a Mega Hub at Ras Al-Khair Industrial City, marking a strategic […]
In a landmark step towards advancing sustainability, Coca-Cola Al Ahlia Beverages Company, in collaboration with Emerge – a joint venture between UAE’s Masdar and France’s EDF Group, inaugurated a 1.8-megawatt solar power plant at its production facility in Al Ain. The project marks a significant milestone [2] in Coca-Cola Al Ahlia Beverages Company’s commitment to […]
PowerGen Renewable Energy [1], in collaboration with leading international investors, has launched a scalable renewable energy platform aimed at deploying 120 MW of renewable power and battery energy storage solutions across Africa. The initiative is poised to provide clean and reliable electricity to underserved communities, transforming socio-economic conditions across the continent. The platform is supported […]
Brazil’s steel imports marked growth by the record of 18pc in 2024, as exports declined. Reports suggest that steel imports have risen to 5.9mn metric tonnes from 5 million tons in 2023, according to the national steel industry body Instituto Aco Brasil. December imports fell by 36pc to 324,000 tonnes from the same month in […]
UK port operator Peel Ports will implement higher steel handling and storage fees at the Port of Liverpool starting April 1, citing a 10% rise in operational costs and other contributing factors. The port has recently invested in two new indoor storage facilities dedicated to steel and metals, adding to its existing sheds nine and […]
Albania, Italy, and the United Arab Emirates (UAE) have signed a tripartite strategic partnership [1] agreement on renewable energy and energy infrastructure. The agreement was signed in Abu Dhabi during the Abu Dhabi Sustainability Week, in the presence of UAE President Mohamed bin Zayed al Nahyan, Italian Prime Minister Giorgia Meloni, and Albanian Prime Minister […]
A new report released by the Middle East Solar Industry Association [1] (MESIA) during the World Future Energy Summit 2025 in Abu Dhabi highlights the UAE’s leadership in the regional solar energy sector. The report, titled “Solar Outlook Report 2025,” outlines the rapid growth of solar energy in the Middle East and North Africa (MENA) […]
In a significant move towards enhancing clean energy access across Africa, the African Development Bank (AfDB), PowerGen Renewable Energy, and several international partners have launched a transformative renewable energy platform. This initiative aims to deploy 120 MW of renewable power, including battery energy storage solutions, across the continent. The platform is a collaboration between PowerGen, […]
Nucor Corporation announced today that its Science-Based Emissions Targets (SBET) have been officially certified by the Global Steel Climate Council (GSCC). As a Founding Member of the GSCC, Nucor has outlined ambitious goals to significantly reduce greenhouse gas emissions from its hot-rolled steel production by 2030. The targets encompass Scopes 1, 2, and 3 emissions, […]
India’s Ministry of Steel has requested a budget allocation of 150 billion rupees ($1.74 billion) to provide incentives for steel producers to manufacture low-carbon steel, according to two government officials familiar with the matter. Finance Minister Nirmala Sitharaman is set to unveil the federal budget for the 2025-26 fiscal year on February 1. India has […]
The United Arab Emirates-based clean energy firm Masdar has signed a $15 billion landmark deal [1] with the Philippines to develop up to 1 gigawatt (GW) of renewable energy projects by 2030. This agreement, signed during the Abu Dhabi Sustainability Week 2025, aims to support the Philippines’ goal of increasing the share of renewable energy […]
Ezz Steel sets share buyback price at $2.7mln after voluntary delisting Ezz Steel, the largest steel company in Egypt, has announced its decision to buy back shares from shareholders who object to or are unwilling to retain their ownership following the company’s voluntary delisting from the stock exchange for EGP 138.15 per share, as per […]
Thyssenkrupp has planned its commitment to a €3 billion ($3.1 billion) green steel production site, indicating that the project could proceed even if Germany’s aspirations to establish a world-leading hydrogen industry fail. German opposition leader Friedrich Merz, who is widely regarded as a strong candidate for the chancellorship in next month’s election, Speaking on Monday […]
The United Arab Emirates’ state-owned renewable energy company, Masdar, has announced a groundbreaking $6 billion project [1] aimed at delivering reliable clean power. The project, unveiled during Abu Dhabi Sustainability Week, is designed to generate 1 gigawatt (GW) of uninterrupted renewable energy. Sultan Al Jaber, chairman of Masdar and UAE Minister of Industry and Advanced […]
Saudi Arabia’s ACWA Power has made a significant move into China’s renewable energy market with two major agreements worth $312 million [1]. These agreements mark a substantial step in ACWA Power’s global expansion strategy and highlight its commitment to supporting China’s clean energy transition. The first agreement involves a 132-megawatt solar photovoltaic (PV) portfolio in […]
With the latest developments in the industry, British Steel has been facing challenges due to the forced shutdown of one of its two blast furnaces at the Scunthorpe plant. The shutdown occurred at British Steel after the company mistakenly imported low-quality coke, following the closure of its coke ovens in 2023, an error leading to […]
Suhail Al Mazrouei, the UAE Minister of Energy and Infrastructure, recently announced that the UAE has become the fastest-growing clean energy market in the region [1]. Speaking at Abu Dhabi Sustainability Week, Al Mazrouei emphasized the UAE’s leading role in clean and renewable energy, which is crucial for stabilizing global energy markets and driving sustainable […]
Germany is taking a significant step towards renewable energy with the installation of solar systems [1] along motorways near the Garzweiler open-pit lignite mine in North Rhine-Westphalia. The Garzweiler open pit mine has been operational for over a century and is expected to continue functioning until 2045. However, the mine’s future land use and reclamation […]
According to a statement by the Ministry of International Trade and Industry, Malaysia has implemented provisional anti-dumping duties on flat-rolled iron products and non-alloy steel imports from China, India, Japan, and South Korea. Effective January 11, the duties will apply for up to 120 days on products with a width exceeding 600 mm (24 inches). […]
Cleveland-Cliffs and Nucor are preparing to submit a joint bid to acquire US Steel, following US President Joe Biden’s recent decision to block Nippon Steel’s $15 billion takeover of the Pennsylvania-based company. “As part of the planned offer, Cleveland-Cliffs will buy all of US Steel in cash and then sell the target’s Big River Steel […]
Illinois lawmakers passed a bill aimed at boosting the development [1] of renewable energy generation. The legislation, which passed the Senate 39-16 and the House 74-39, is seen as a crucial step towards addressing the state’s clean energy goals. However, critics argue that the bill was only a fraction of the version of what they […]
During the 15th International Renewable Energy Agency (IRENA) Assembly held in Abu Dhabi, Her Excellency Dr. Amna bint Abdullah Al Dahak, UAE Minister of Climate Change and Environment, emphasized the UAE’s commitment [1] accelerating the global energy transition. In her address, Dr. Al Dahak highlighted the UAE’s ambitious targets, including doubling its clean and renewable […]
Reports show that Ukraine’s steel output has increased by 21.6% in 2024, reaching 7.58 million metric tons, according to its producers’ union on Thursday. However, the ongoing fight near the country’s sole coking coal mine poses a significant threat to production levels this year. The steel industry has already faced severe setbacks since Russia’s invasion […]
China emitted 13 billion metric tons of greenhouse gases in 2021, marking a 4.3% increase compared to the previous year, according to its latest official submission to the United Nations, as reported by state media on Friday. This figure represents the most recent official estimate of China’s annual emissions, proving its position as the world’s […]
Two workers were injured and 4 others were trapped after a chimney collapsed at a steel plant in Chhatisgarh, report says. The incident occured during the afternoon hours in the plant situated in saragaon area, said the superintendent of police Bhojram patel. “We received information that part of the chimney, and silo collapsed at the […]
The European Steel Association (Eurofer) has called for significant adjustments to the European Commission’s steel safeguard measures as part of an ongoing review, according to Yuriy Rudyuk, a partner at the law firm Van Bael & Bellis, reported Argus Media. Eurofer has proposed reducing safeguard quota volumes to address the declining steel demand across the […]
Arizona Public Service Company (APS), the largest electric utility in the state, has secured a conditional commitment [1] for a loan guarantee of up to $1.81 billion from the U.S. Department of Energy’s Loan Programs Office (LPO). This loan will fund investments in new or upgraded transmission projects, renewable power generation, and grid-integrated energy storage […]
The International Renewable Energy Agency (IRENA) has issued a stern warning [1] that the world is currently off track in meeting its renewable energy targets. Despite a record surge in renewable energy capacity in 2023, the current growth rate is inadequate to achieve the ambitious goal of tripling this capacity by 2030—a target crucial for […]
Silfab Solar Inc., a leading manufacturer of high-performance PV modules, has announced a multi-year partnership with Pivot Energy [1], a national renewable energy provider. The agreement entails Silfab supplying 350 megawatts (MW) of commercial PV modules over a two-year period, starting in the second quarter of this year. The partnership is part of Silfab’s strategy […]
Fortescue, the world’s fourth-largest supplier of iron ore, has announced a partnership with a subsidiary of China Baowu Steel Group, the world’s largest steel producer, to address the challenges of decarbonizing the global steel industry. The collaboration was formalized earlier this week through a memorandum of understanding, as confirmed by Fortescue on its official WeChat […]
SPR (Solar Panel Recycling.com) has unveiled the first automated recycling line [1] designed specifically for bifacial solar panels in the United States. This innovative technology promises unprecedented efficiency, achieving clean glass separation at 99% or higher recovery rates. Bifacial modules, expected to dominate over 70% of the global market by 2033, are favored for their […]
As part of Egypt’s broader strategy to harness its mineral wealth and reduce reliance on fossil fuel electricity sources, they are set to prioritize mining and renewable energy projects [1] in 2025. The country’s Petroleum and Mineral Resources Minister, Karim Badawi, announced these plans during a session in Egypt’s Senate, emphasizing the launch of a […]
President-elect Donald Trump has made his intention clear [1], to halt the construction of wind turbines during his upcoming term. This policy, if implemented, could jeopardize billions of dollars in planned wind projects. Trump made this declaration during a press conference at his Mar-a-Lago resort in Florida, where he criticized wind power as being expensive […]
UK Steel has announced that the government will hold the first meeting of the newly formed Steel Council later this afternoon, according to their official Press Release. The UK steel industry is currently operating in a challenging and uncompetitive environment with echoes of the 2015-16 steel crisis, including rising imports, loss of market share, and […]
Enlight Renewable Energy announced the successful completion [1] of its flagship Atrisco Solar & Energy Storage project located outside Albuquerque, New Mexico. The project, which includes a 364 MW solar generation unit and 1.2 GWh of energy storage capacity, reached full commercial operation in November 2024. The Atrisco project is now the largest battery storage […]
The survival of Britain’s steel industry hinges on embracing new technologies and shifting to greener production methods, a British MP told The National. Nic Dakin, the MP for Scunthorpe, where British Steel has a large steelmaking plant, said that the industry is undergoing significant restructuring that could provide this industry a positive future for the […]
The North American Electric Reliability Corporation (NERC) has warned about the urgent need for new energy resources over the next decade. According to NERC’s 2024 Long-Term Reliability Assessment [1] (LTRA), more than half of North America is at elevated or high risk of energy shortfalls in the next five to ten years. The report highlights […]
U.S. Steel and Nippon Steel on Monday filed a lawsuit against U.S. President Joe Biden’s order as he blocked the $14.9 billion purchase deal of the American steelmaker by the Japanese company. In response to this, Cleveland-Cliffs Inc. made statements related to the United States Government’s decision to prohibit the unlawful acquisition of the United States Steel Corporation by Nippon […]
The Whyalla Steelworks has cast its first steel following a four-month shutdown caused by operational challenges and extensive repairs. This marks a significant step forward in efforts by the management team and workforce to revive the plant. Theuns Victor, GFG Alliance’s Global Chief Manufacturing Officer and head of the Whyalla ‘Back to Black’ taskforce, described […]
U.S. President Joe Biden said on Friday he would block Japanese company Nippon Steel’s buyout of U.S. Steel on national security concerns, delivering a potentially fatal blow to the $14.9 billion merger. President Joe Biden has blocked the proposed $15 billion deal for Japan’s Nippon Steel to acquire Pittsburgh-based U.S. Steel, fulfilling his campaign pledge to block […]
A high-ranking delegation as part of the ‘Maldives Executive Leadership Programme’ [1] visited DEWA’s Sustainability and Innovation Centre at the Mohammed Bin Rashid Al Maktoum Solar Park. The delegation included key officials such as ministers and deputy ministers from Maldives. They were introduced to DEWA’s initiatives in sustainability, clean energy, and renewable energy projects. The […]
Indian Railway Finance Corporation (IRFC) shares surged by 3% following the signing of a Memorandum of Understanding [1] (MoU) with Railway Energy Management Company Ltd (REMCL). This MoU aims to finance renewable energy projects to supply power to Indian Railways. The collaboration between IRFC and REMCL, a joint venture between the Ministry of Railways and […]
China’s iron ore imports are projected to reach an all-time high in 2025, as traders capitalize on low-cost supplies to stockpile resources for the world’s largest consumer of the commodity. This surge comes despite ongoing challenges in the property sector, weighing on domestic steel demand, according to industry analysts and market insiders. The imports reflect […]
The Dubai Electricity and Water Authority (DEWA) has established the Sustainability and Innovation Centre [1] at the Mohammed bin Rashid Al Maktoum Solar Park to promote Dubai’s position as a global hub for clean energy and sustainable technology. The Centre offers a range of scientific and professional programs, training courses, and interactive competitions in collaboration […]
Taiwan has set an ambitious target [1] to reduce greenhouse gas emissions by 30% by 2030, up from the previous goal of 23-25%. The Environment Ministry announced this upgraded target, aiming for a reduction range of 26-30% from 2005 levels. Taiwan’s Environment Minister Peng Chi-ming addressed the wider margin of error stating that it was […]
Saudi Arabia’s ACWA Power has successfully secured $703 million [1] (SR2.63 billion) in financing to develop, operate, and maintain a 1,100-megawatt wind power plant in Egypt’s Suez governorate. The funding was sourced from a consortium of international financial institutions, including the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), British International Investment, […]
