CleanTech Report October 17th 2019 |
AFRICASouth Africa Seeks To Renegotiate Old Renewables ProjectsSouth Africa has started discussions with power producers to try to get cheaper electricity from some older renewable energy projects and give the economy a boost, several participants in the talks say. Energy Focused Tech Startup Launches In KenyaVentureBuilder officially launched on Wednesday, 16 October 2019, with support from the DOEN Foundation, Facebook, Shell Foundation, and USAID. The energy-focused startup aims at scaling African-owned and managed off-grid solar enterprises – mandated with expanding energy access to underserved populations in Africa. Indian Utility Vendors Forging Good Alliances At Future Energy NigeriaThe ICC is the featured country partner at the upcoming Future Energy Nigeria, hosting a pavilion of almost 50 suppliers of specialised technology and services for the energy sector. |
ASIAInside India’s Small-Scale Renewable RevolutionIndia has the fifth-highest renewable capacity in the world, with potential power resources of 118GW. The national government is targeting a capacity of 500GW by 2030, and with investment in the country’s renewables sector reaching $20bn last year, there is every chance that India could develop into a renewable energy powerhouse. Tetra Pak Gets Greener With Solar EnergyTetra Pak, the world’s biggest food processing and packaging company, continues to underline its commitment to the environment by installing 3,076 panels of solar cells on the roofs of four of its factories in Thailand. Government To Build 30 Gigawatts Of Renewable Plants Along GujaratIndia is considering building 30 gigawatts of renewable energy capacity along a desert on its western border known for its sunny, windy and arid expanse, according to people familiar with the plan. |
AUSTRALIAAustralia May Aim As High As 700% In Renewable Power GoalPoliticians in Australia are attempting to tackle the challenge of renewable power sources share size. Solar Reaches 80% Share Of Demand In South AustraliaSolar power continues to set stunning new milestones in the renewable state of South Australia, reaching 80 per cent of total demand on Saturday and accounting for more than 70 percent of demand over four hours in the middle of the day. New Zealand Edges Closer Towards Achieving Renewable Energy Target40% of New Zealand’s total energy supply and 84% of electricity consumed in the country came from renewable energy sources in 2018 according to a new report. |
EUROPEEIB Pledges €1 Billion For Renewable Energy And Distribution UpgradesThe Board of the European Investment Bank (EIB) has agreed to provide 8.4bn euros of new financing, of which 1bn euros will support sustainable development across Europe. Unlocking Low Cost Renewables In South East EuropeThe financing costs for renewable energies in Southeast Europe have been significantly higher than for conventional power plants. Additionally, high risk premiums hamper the expansion of wind and solar power plants in the region. Poland Wants Fresh EU Money To Back Climate Neutrality GoalThe Polish demands are spelled out in a “non-paper” circulated to EU leaders meeting in Brussels for a two-day summit beginning on Thursday. |
LATIN AMERICAArgentina May Be The Hottest Renewable Energy MarketAn innovative approach unlocked Argentina’s renewable energy market, making it “the most interesting in the world” in just three years. And now, the approach could open the door to billions in renewable investment in developing nations worldwide. Off The Grid In The CaribbeanThe island nation of Dominica was without power for months after Hurricane Maria. Power resiliency is now a focus in advance of future storms. Brazil’s Renova Energia Files For Bankruptcy ProtectionBrazilian renewable energy firm Renova Energia SA has filed for bankruptcy protection, aiming to restructure a total debt of around 3.1 billion reais ($741.70 million), it said in a securities filing on Wednesday. |
MENASaudi Arabia’s $14.5 Billion Energy Projects In PakistanIn the power sector, Saudis are helping us install 500 megawatts renewable energy projects worth $4.5 billion in Baluchistan and a $10 billion mega oil refinery in Gwadar. Saudi Arabia’s Renewables Drive Remains In First GearSaudi Arabia has promised to diversify its economy away from fossil fuels but so far there has been limited evidence of large renewable energy projects. Abu Dhabi Explores Collaboration Opportunities In The Energy Sector With RussiaBoth countries are committed to consistently strengthening and developing their relations, be it through official visits, partnership agreements, or the strategic cooperation committees that bring the UAE and Russia closer in various sectors, chiefly, energy, which is of tremendous importance for both parties. |
NORTH AMERICAWells Fargo Will Power Its 400 Texas Locations With SolarWells Fargo has signed a 10-year structured power purchase agreement (PPA) with Reliant, an NRG Energy, to power the bank’s 400 Texas locations with PV solar. Google Announces $150M Renewables Investment PackageGoogle says it will spend S$150 million on renewable energy in regions where its products are manufactured, in a move it hopes will galvanise a further $1.5 billion of investment. Texas City Suing Clearway To Escape Solar ContractThe city of Georgetown, Texas is suing a subsidiary of Clearway, over allegations that the company withheld critical project performance details during contract renegotiations for the Buckthorn solar plant in late 2016. |
Dominate the CleanTech Industry by Creating Incredible Value |