CleanTech Report 2019.05.16

West Africa Off-Grid Electricity Projects Receives Financial Boost

African Nations Could Install 30 GW By 2030

EU Announces About €200 Million Investment In Renewable Energies In Nigeria

The company in a statement said that it expects to formally launch these 6BB solar PV cells at InterSolar Munich to be held during May 15-17.

China is the most attractive market for investment in renewable energy for the fourth year in a row and growth there is set to continue despite the country’s efforts to trim subsidies.

Local governments in China are stepping up support for hydrogen fuel cell projects as part of wider efforts to promote green energy in the world’s largest auto market.

Neoen Australia’s Numurkah solar farm has begun sending power to Victoria’s grid, making good on landmark deals to power both the Laverton steel works and Melbourne’s network of trams.

The Greens have released a proposal they say will cut South Australians’ power bills by at least $200 per year.

The International Energy Agency has warned global energy spending is ‘misaligned’ and investors have not spent enough on oil and gas to support power demands or renewables in order to reach Paris climate targets.

Britain’s biggest solar farms get more money in taxpayer subsidies than they make from selling the electricity they produce.

Growth last year was underpinned by new markets as solar is becoming the cheapest energy source in many countries.

While China is resetting its policy framework, other regions are gaining more importance on the global PV market. The Intersolar Europe conference in Munich focused on Europe and the Middle East as growth drivers.

Argentina is creating new competitive programs and policies to meet its ambitious renewable energy goals and reach its immense renewable potential.

TerraForm Power, a renewable energy yieldco owned by Canada’s Brookfield, has signed a 17-year, $204m loan package to refinance debt from two wind farms in Uruguay.

Mars has signed a new 15-year power purchase agreement (PPA) with Vive Energía and Envision Energy to supply the electricity required for its six Mexico-based confectionery and pet food facilities.

Saudi Arabia’s Alfanar aims to launch new solar and wind power plants with total capacity of 1.6GW and investments of $1.6bn until 2021, including a $250m worth wind farm in Egypt.

Arctech Solar, a leading solar tracking and racking system provider, announced that it will supply 125 megawatt (MW) solar trackers to a solar power plant in Oman, Middle East.

The emirate of Ras Al Khaimah (RAK) in the United Arab Emirates (UAE) is moving forward with its energy efficiency strategy with a pipeline of projects to promote its building retrofit market, the director general of RAK Municipality has said.

Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) reportedly lost $340 million in an investment in DC Solar.

Google’s planned $600 million data center for Becker took a big step forward Tuesday when Minnesota utility regulators approved the tech giant’s electricity contracts with Xcel Energy.

During the past 20 years, the production tax credit (PTC) and investment tax credit (ITC) have “massively expanded” the development of renewable energy across the U.S., explain the lawmakers, who are members of the House Ways and Means Committee.