Europe/Middle East/Africa

US Boosts Solar Power Projects In Africa, Highlighting Huge Potential

Americas, Europe/Middle East/Africa, Policy

A number of African nations are to receive a new loan to enhance solar power projects awarded by the Overseas Private Investment Corporation (OPIC). The loan is one of the latest financial investments by the US in support of Africa-based development initiatives, aimed at supporting regional entrepreneurs and improving power infrastructure. According to Adnan Amin, the director-general of the International Renewable Energy Agency, there is a “huge appetite for investment in renewable energy projects in Africa”, however, African governments still need to ensure reduced risks by implementing regulatory frameworks and incentive schemes.

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ICCI 2016, A Platform For New Investment Opportunities

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

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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‘Black Diamond’ Breakthrough Can Change The Future Of Solar Technology

Efficiency, Europe/Middle East/Africa, Head Lines

A new solar power technology has been developed, generating energy by harnessing diamonds. A European research team within the European Commission’s FP7 framework, are leading the ProME3ThE2US2 project, developing the ‘black diamond’ as a breakthrough concept which is expected to change the future of solar technology. It has the potential to exceed 50 per cent efficiency in solar concentration systems. As an exciting new low-cost material, it also has potential beyond solar technology.

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

Deals & Finance, Europe/Middle East/Africa

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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Renewable Energy Generation Investment Surges, Outstripping Coal and Gas

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

In 2015, coal and gas-fired electrical energy generation drew less than half the record investment made in wind, solar and other renewables; one of numerous important firsts for clean energy. For the first time in 2015, developing world investments in renewables surpassed those of developed nations. The renewable market was dominated by wind and solar PV, which added a combined 118GW in generating capacity. Global investments in renewable energy since 2004, now total $2.3 trillion.

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

Deals & Finance, Europe/Middle East/Africa, Head Lines, Solar

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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India – Keeping Pace With Rapid Change, Intersolar And Husum Wind Join Forces

Asia Pacific, Energy, Europe/Middle East/Africa, Solar

HUSUM Wind and Intersolar are forming a strategic partnership in one of the key global renewable markets. India has huge potential for renewable energy, and the Indian government has set ambitious targets for the expansion of wind and solar energy in the years ahead. An additional 4-6GW of capacity is projected for 2016, which would put India in 4th place among the world’s top solar markets. The expansion targets for wind energy are just as ambitious, with the goal of adding 4.1GW within the same time period.

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Canadian Solar Connects Six Solar Power Plants And Exceeds 100MWp In UK

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

Canadian Solar Inc., one of the world’s largest solar power companies, has announced that it has connected an additional six solar power plants, totaling 39.4MWp to the grid, bringing its total fleet of solar power plants in commercial operation in the United Kingdom to approximately 103.0MWp. The six solar power plants were connected to the grid in March 2016 under the Renewable Obligations Certificate (ROC) program. In the past 14 years, the company has successfully deployed over 14 GW of premium quality modules in over 90 countries around the world.

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Earth Day Call For Vision And Courage To Meet Climate Targets

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

The Global CCS Institute has called for urgent action to address carbon dioxide (CO2) emissions through proven carbon capture and storage (CCS) technology. With 155 countries indicating their intention to sign the historic Paris COP21 agreement, Page calls upon them to “reduce emissions from every possible sector of the global economy – urgently and without bias,”. “All low carbon technologies must be part of the conversation – including renewables, nuclear power, energy efficiency, and CCS.

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From Combustion Engine To E-Mobility: Transitions In The Value-Added Chain

Carbon, Europe/Middle East/Africa, Head Lines, Region, Technology

“Electrification is the future job motor.” This was the summary of an e-mobil BW 2015 structural study. The automobile and supplier industry ascribed good opportunities to becoming leading providers of electric mobility and creating tens of thousands of new jobs until 2025. The Institute for Automobile Economics anticipates that vehicle manufacturers will expand product ranges and within ten years may record a 20 percent share of their sales with battery or fuel cell vehicles as well as with plug-in hybrid vehicles.

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