October 2017

Amarenco Consolidates In France; Acquires Clean Energy Developer Groupe Carré

Deals & Finance, Europe/Middle East/Africa

Amarenco, an independent power producer based in Ireland, has announced its acquisition of Groupe Carré, one of the leading renewable energy project developers active in France. The acquisition of Groupe Carré, a company with a long track-record of project development, construction and O&M in France, strengthens Amarenco’s position in France’s promising wind and solar energy markets. It also supports the strategic objectives of the company in France, where over the last few years, it has invested over 300 million euros to build its renewable energy asset portfolio in the country.

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Renovate America Applauds Landmark Protection Framework For PACE Financing

Americas, Efficiency, Solar

California Governor Jerry Brown signs into law two bills that significantly strengthen Property Assessed Clean Energy (PACE) financing for homeowners and communities. Renovate America, the nation’s largest PACE provider, has hailed Governor Jerry Brown’s signing into law of two bills that provide a landmark regulatory and consumer protection framework for PACE. “Across 150,000 California homes, PACE has already saved enough energy to power the United States for over a day – and this legislation provides the regulatory and underwriting framework to ensure it’s a responsible choice for hundreds of thousands more homes and families,” said Ari Matusiak, Chief Strategy Officer at Renovate America.

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ASEAN Eyes Clean Energy To Fuel Economic Growth And Build Climate Resilience

Biomass, Carbon, Energy, Head Lines

Governments of ASEAN and the International Renewable Energy Agency (IRENA), have established a strategy to accelerate the region’s transition to low-carbon, sustainable energy and build its climate resilience. “Increasing investment in renewable energy across Southeast Asia’s growing populations has significant social and economic benefits across the region, liberating them from expensive fossil fuel imports while boosting economic growth, supporting energy security, job creation and national resilience,” said Adnan Z. Amin, co-chair of the Dialogue.

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Wind Energy Has The Potential To Provide 30% Of Europe’s Power By 2030

Europe/Middle East/Africa, Head Lines, Hydro, Policy, Wind

Wind energy has the potential to provide up to 30% of Europe’s power by 2030 according to reports by WindEurope. These state that Europe is on course for an average installation rate of 12.6 GW per year in the years up to 2020, taking it to a total of 204 GW by 2020. By this date wind would be Europe’s largest renewable energy source, surpassing hydro and providing 16.5% of it’s electricity demand. The growth is concentrated in six countries, with Eastern Europe, a platform for growth beyond 2020.

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