The Azerbaijan Ministry of Energy has signed several contracts with Chinese companies for the development of renewable energy and battery energy storage projects totalling 2.4 GW capacity.
The Philippines Department of Energy (DOE) has said that it is optimistic the country will hit its target to increase to 50 per cent the share of renewable energy in power generation by 2040.
The Vietnam government has announced its intention to increase installed capacity, which stood at 80 GW in 2023, to between 183 GW and 236 GW by 2030. It will focus on developing renewable energy and re-introduce nuclear power under the country’s amended national power plan, which outlines an investment of $136.3 billion.
The energy think tank Ember has produced a report, the Global Electricity Review, which states that renewable power generation provided a record 32 per cent of global electricity in 2024, with overall electricity demand growing 4 per cent, the increase being largely driven by heatwaves and data centres.
The Republic of Congo’s Ministry of Energy has announced that the country plans to double its power generation capacity to over 1.5 GW by 2030, largely through the development of renewable energy projects.
Eurostat has released an analysis of electricity generation in the EU which states that 46.9 per cent of it came from renewable sources and a continuing reduction in dependence on fossil fuels.
Siemens Financial Services has signed a financing deal with the UK firm GeoPura to support the hydrogen specialist in its next phase of growth.
NTPC has signed MOUs with the Indian state government of Madhya Pradesh to invest $23 billion in renewable energy projects in the state.
Pham Minh Chinh, Prime Minister of Vietnam, and approved a comprehensive implementation plan for the Global Coal-to-Clean-Energy Transition Statement, reaffirming Vietnam’s commitment to low-carbon development and achieving net zero emissions by 2050.
Verification ensures that carbon credits are legitimate, measurable, and permanent, which in turn can build trust among businesses, investors, and consumers.
By Olga Rivas, Technical Director at LRQA