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Chile Solar

Chile Emerges As The Clean Energy ‘Tiger’ Of Latin America

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Chile now plays host to the largest PV plants in Latin America. According to a CIFES report, the first quarter of the year saw an increase of around 254MW in solar, in addition to 6MW wind and small hydro and biomass projects. With this, the country continues to hold its position as the largest solar market in Latin America. While 10% of Chile’s power demand is now successfully met through renewable energy, their current volume is set to double under mandates set by new legislation, setting a new objective of 20% renewable energy in 2025, as well as further targets during the preceding years.

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Stunning Growth of Clean Energy In Mexico

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The recent state power auction in Mexico awarded 5.38 million megawatt-hours of energy to renewable energies; solar won 74 percent and wind won the remaining 26 percent. Solar in Mexico will now grow by an astonishing 521 percent in 2016, far exceeding projections made only months earlier. With the concentration of project developers in the country now matching the strategic objectives of its government, Mexico has the resources to become a strong and internationally significant clean energy hub.

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Large Scale_Solar PV Project

Saudi Arabia, Vision 2030 – Setting a Target Of 9.5GW Of Wind And Solar Energy

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The launch of the King Salman Renewable Energy Initiative and “initial” renewable energy target of 9.5GW, announced in the “Saudi Arabia Vision 2030” paper recently, is the highest level of commitment to renewable energy, ever made by the Kingdom. The main target is to “create a more diverse and sustainable economy”, co-financed by the country’s $2 trillion Sovereign Fund.

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Power Generation_191

Saudi Arabia’s ACWA Plans To Invest $12bn In Egypt For Solar And Wind Projects

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Saudi Arabia’s ACWA Power intends to invest $12 billion in the Egyptian market over the course of the next five years. It plans to establish solar and wind power plants with a capacity of 4.2GW from $7.5 billion in investments. The plans include the implementation of a series of projects, including the 2.25GW capacity Dayrout power plant and three 150MW-capacity solar and wind plants. Organisations financing the projects include the Chinese Silk Road Fund, the Saudi Investment Fund and the International Finance Corporation (IFC).

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Dong Energy_IPO

“The Whole Energy Sector Is Moving From Black To Green” – Dong Energy IPO

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With a potential valuation as high as $13billion, Danish wind developer DONG Energy is set to be the biggest company to raise money on European exchanges this year and the biggest ever at the Copenhagen Stock Exchange. Since its formation with a merger of the Danish state oil and gas company and five regional utilities 10 years ago, it has gone through a massive transformation to become the world’s largest offshore wind farm developer. At least 15 percent of the shares will be sold in the IPO and the Danish government, will keep 50.1 percent.

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Invenergy And Empire State Agree On 600MW, $1.2Bn Of Wind Projects In New York

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HVDC transmission developer Empire State Connector Corp. (ESC) has announced that the Company has a Memorandum of Understanding (MOU) with Invenergy, currently developing a portfolio of up to 600 MW of new Upstate New York wind energy generation projects, that the ESC could deliver to downstate electricity customers. The MOU could be a highly significant step in the implementation of the 50% by 2030 Clean Energy Standard under consideration by the New York State Public Service Commission.

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Wind Turbines

Amid The Rise In Demand For Wind Turbines, Gamesa Gains Strength In India

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Gamesa has consolidated its position as the leading OEM in India for the third year running recently. Consolidating its position, it has secured a contract for the supply of 198MW of the G114-2.0MW turbines. The Indian pipeline for this product has now been increased by 124MW and the order intake for it has reached nearly 2GW in 2015, globally.

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ICCI 2016_Investment

ICCI 2016, A Platform For New Investment Opportunities

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ICCI 2016 in Istanbul saw new investment opportunities for wind and solar in Turkey. Around 14.000 professionals and 279 exhibitors joined this year`s ICCI. They included big manufacturers like Siemens, GE, Suzlon, Nordex, Enercon or Goldwind and Turkish companies like Zorlu Energji. Significant opportunities for deals were opened in both Solar and Wind, as the national energy roadmap is to have 20 GW wind power installed by 2023.

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Green Bonds

€1 Billion Raised Through Green Bonds By Iberdrola For Wind Energy Projects

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Iberdrola; Spain’s top electric utility, has succeeded in raising a total of €1 billion through the issuance of green bonds with the aim of refinancing onshore wind energy projects, located across Portugal, Spain, and the United Kingdom. Investors showed an overwhelming response to the bonds, as they offered investments four times greater than the issue size. Bonds were offered for 10years, at a coupon rate of 1.125%. This rate ranks among the lowest issued for bonds by the company, enabling significant savings.

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611,000 PV Panels Installed As TerniEnergia Completes 82.5MW South African Plant

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TerniEnergia SpA has successfully completed the PV plant in the Western Cape of South Africa, ahead of its forecasted completion date. The site of Paleisheuwel, situated across a 240-hectar area of the Western Cape Province, has employed the forces of 500 workers to install the 611,000 photovoltaic PV panels, an overall total of 101,850 structures, as well as, 7 million kg of metallic carpentry and 3000 km of electric cabling in the process. It also holds a renewable four-year contract for the operation and maintenance of the 82.5 MWp-capacity plant

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