admin, Author at Clean Energy World

Masdar Boosts Small-Scale Projects In Remote Pacific Islands With $50Mn Fund

Asia Pacific, Biomass, Carbon, Europe/Middle East/Africa, Region

Abu Dhabi’s state-owned renewable energy company Masdar has announced the inauguration of a series of renewable energy projects in the Pacific Island countries and territories, made possible by the $50 million UAE-Pacific Partnership Fund (UAE-PPF). The projects are designed to drive economic growth and sustainable development across the islands, in addition to job creation and capacity-building efforts. Highlights included cyclone-proof wind turbines, space-optimising solar solutions, and plants providing 50 percent of local energy requirements.

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

Deals & Finance, Energy, Europe/Middle East/Africa, Policy, Region

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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Unprecedented Unity As Record Numbers Of Nations Sign Climate Change Agreement

Americas, Asia Pacific, Biomass, Carbon, Europe/Middle East/Africa

To enter legal force, the Paris Agreement needs a minimum endorsement from 55 countries, representing no less than 55% of greenhouse gas emissions. The World Resources Institute states that with more than 171 countries signing, these represent a total of 93% of global emissions. Among the most welcome surprises were the world’s biggest greenhouse gas emitters; China, India, Brazil and the US, who all signed the treaty. The volume of first-day-signatures broke the record held by any international treaty to date.

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

Deals & Finance, Europe/Middle East/Africa, Region, Solar, Wind

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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Intersolar North America – A Key Station For The Solar Express

Americas, Policy, Solar

Intersolar North America is the most attended and first major solar industry event of the year. It brings together thousands of solar professionals, industry leaders, press and key influencers to recharge and accelerate business goals through the end of the year and beyond. It unites people and companies from around the world with the aim of increasing the share of solar power in the global energy supply.

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

Americas, Deals & Finance, Europe/Middle East/Africa

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.

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

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

Americas, Deals & Finance, Head Lines, Wind

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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Facebook, Google Lead Initiative To Add 60GW Of Clean Energy To US Grid By 2025

Americas, Biomass, Carbon, Energy

Microsoft, Facebook, and Google/Alphabet, along with power group Invenergy, GM, Honda, and Amazon, are among the 60 companies backing a group which aims to add 60GW of clean energy and renewable power capacity to the US grid by 2025. Four non-governmental organisations have come together to form the Renewable Energy Buyers Alliance (REBA), a new coalition to inspire and empower multinational companies to transform electricity systems with clean and renewable energy.

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Overcoming Challenges, Solar Market Growth Is Becoming Irresistible

Americas, Asia Pacific, Efficiency, Europe/Middle East/Africa, Head Lines

Solar power is becoming increasingly competitive and is leading to reductions in the costs of photovoltaics. Emerging and developing countries are seeing a new focus on wind and solar power, as generating it is often considerably cheaper than buying electricity from the grid, with long-term solutions providing independence from fluctuations in fossil fuel prices. The improved speed of installation also allows for renewable energy systems to be positioned in areas with greatest electricity demand.

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

Asia Pacific, Deals & Finance, Europe/Middle East/Africa, Wind

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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