January 2016

Clean Energy Investment Surges Globally to Record $329bn

Clean Energy Defies Fossil Fuel Price Crash to Attract Record $329bn Global Investment In 2015. The year was also the highest ever for installation of renewable power capacity, with 64GW of wind and 57GW of solar PV commissioned during the year, an increase of nearly 30% over 2014. China was again by far the largest investor in clean energy in 2015, with a 17% increase to $110.5bn, as its government spurred on wind and solar development to meet demand.

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First−Ever Highrise Fuel Cell Installation at Morgan Stanley HQ

Bloom Energy installs notable project at Morgan Stanley HQ. The project will provide clean and uninterruptible power for the 750,000 Sq. Ft. office building. The new solid oxide fuel cell system (SOFC) technology converts fuel into electricity through a highly efficient electrochemical process, resulting in on-site, clean and reliable power. Combined with the solar field, these new installations are expected to produce approximately 3 million kilowatt hours (kWh) of energy a year.

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Al-Afandi Builds Biggest Solar Panel Factory in Middle East

With annual energy yields reaching 1 GW, the “Al-Afandi Group” contributes to the “National Transformation” Program by building the biggest solar panel factory in the Middle East. Its impact looks set to create a significant shift in solar energy usage to cover the biggest portion of electric energy production locally and regionally.

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CleanSpark, Renova Power Networks Lead Microgrid Deployment

Renova Power Networks, a development company whose principals are known for innovative financing models and renewable energy systems, has partnered with San Diego-based CleanSpark, the leading advanced microgrid software and controls company, to facilitate global deployment of best-in-class microgrid technology, reduce carbon emissions cost-effectively, and increase energy security and independence.

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