CleanTech Report December 12th 2019 |
AFRICAEIB And TDB Lend $120M To SMEs For Renewable EnergyThe European Investment Bank (EIB) has recently partnered with the Eastern and Southern African Trade and Development Bank (TDB) to open a USD 120 million credit line. It is intended to finance renewable energy projects for small and medium-sized enterprises (SMEs). Africa Could Power A Green RevolutionWith a thriving off-grid solar market and hundreds of millions of people waiting for electricity, the continent offers huge potential for renewables. Just before this year’s global climate summit opened in Madrid recently, researchers announced that emissions of carbon dioxide from fossil fuels will hit a record high in 2019. Green Climate Fund And AfDB To Provide $154M For Renewable Financing In ZambiaThe Green Climate Fund (GCF) and the African Development Fund (AfDB) have joined hands to support a $154 million renewable financing framework in the southern African nation of Zambia. Framework will finance 100 MW of renewable projects, mainly solar |
ASIAIndia Will Achieve 100 GW Solar Energy TargetIndia is going to add 67 gigawatts (GW) of solar energy capacity in next three years and the country is witnessing a sharp fall in its prices due to the enhanced production, Union Minister of Environment, Forest and Climate Change Prakash Javadekar said on Tuesday. Fukushima Reborn As Japan’s Wind And Solar HubJapan’s Fukushima Prefecture – hit hard by the 2011 Fukushima Daiichi nuclear disaster – could soon become a beacon for the country’s clean energy future with a new $2.75 billion project that will transform the area into a hub for wind and solar energy. This development comes as Japan is increasingly prioritizing renewables, facing a declining nuclear industry which once accounted for nearly a third of the nation’s electricity. ADB Plans To Invest $2 Billion In Energy Sector Over The Next Three YearsThe meeting took stock of ADB funded projects in the energy sector and it was decided that a comprehensive portfolio review meeting will be held by the end of this month between Power Division and ADB to steer the projects to their logical culmination. |
AUSTRALIABy 2040, One Quarter Of Australia’s Electricity Will Come From HomesAustralian Energy Market Operator boss Audrey Zibelman says Australian households will provide at least one quarter of the country’s electricity needs by 2040, as part of a “phenomenal” transition that will see the “democratisation” of energy and the closure of most coal plants. Sterling And Wilson Solar Begins Construction Of 200 MW Solar Project In AustraliaSterling and Wilson Solar Ltd, a solar EPC solutions provider, has started construction of a 200 MW solar project in Australia. The turnkey solar EPC project is being developed by Lightsource BP, an independent company in the funding, development, acquisition and management of solar PV projects. Tesla’s Virtual Solar Plant Is Already Saving The Grid Mid-ConstructionThe world’s largest virtual power plant under construction has already stepped in to keep on the lights, Tesla CEO Elon Musk shared on Monday. Tesla’s project in South Australia is expected to cover a community of over 50,000 homes, adding solar panels and a Powerwall battery to offer a consistent source of zero-emissions energy. The project is set to provide a total of 250 megawatts energy capacity when completed. |
EUROPEDenmark Plans To Build Artificial Islands For WindfarmsDenmark is pursuing plans to build one or more artificial islands surrounded by offshore wind turbines with a capacity of 10 gigawatts, capable of supplying up to 10 million households. The country, which produced 41% of its energy from wind power in 2018, the highest level in Europe, last week passed an ambitious climate act which commits it to cut greenhouse gas emissions to 70% of 1990 levels by 2030 and achieve carbon neutrality by 2050, with new, legally binding targets every five years from 2020. BP To Supply Renewable Energy To Amazon’s Europe Data CentersBP Plc said on Wednesday it would supply renewable energy to Amazon.com Inc’s European data centres that drive the technology giant’s cloud platform. BP will begin supplying Amazon Web Services (AWS) with renewable energy from more than 170 megawatts of new wind and solar projects in Sweden and Spain starting in 2021. Europe’s Solar PV Sector Reports 104% Growth In 2019With a growth rate of 104%, Europe’s solar photovoltaic industry is experiencing a “boom in installations,” according to statistics published on Tuesday (10 December) by SolarPower Europe, an industry association. 2019 is one of the best years on record for the solar PV industry, according to the first EU Market Outlook published today. |
LATIN AMERICAEngie Plans 1GW Chile Solar And Wind Build As It Speeds Up Coal ExitEngie plans to shutdown almost 1GW of coal fired thermal power generation capacity in Chile and Peru between 2019 and 2024. The company announced the plans during COP25 in Madrid. In Chile the closures concern two coal units located in Mejillones, totalling 334MW, by 2024. Nine Countries “Take Flight” With Green Banks For Climate ActionAs pressure builds for stronger country-level action to curb climate change, nine countries and partners are demonstrating that leadership at the COP25 climate conference by announcing progress towards creating green banks, which attract private financing for clean energy and low-carbon development. New EIB Loan To Accelerate The Energy Transition In BrazilThe European Investment Bank has agreed to provide Iberdrola with €250 million to decarbonise its operations in Brazil. The wind farms will have a total capacity of 520MW and will produce 2,300GWh of energy per annum. The projects will create up to 2,300 jobs and help Brazil to reduce carbon emissions as well as expand its renewable energy portfolio. |
MENAUAE’s Al Nowais To Build 2 Renewable Power Plants In EgyptEgypt signed an agreement with UAE-based Al Nowais Investments to build two renewable power plants, said Electricity Minister Mohamed Shaker on Tuesday. Al Nowais will build a 200 MW solar plant in the southern governorate of Aswan and a 500 MW wind power plant in Red Sea city of Ras Gharib, Shaker said. The projects will cost 16 billion Egyptian pounds ($990 million). Qatar To Invest $450M For 25.1% Stake In Adani’s Mumbai Power UnitQatar Investment Authority is investing about $450 million for a 25.1% stake in a unit of Adani Transmission Ltd., the Indian company said in a filing Wednesday. The deal includes a subordinated debt investment by QIA, according to the filing, which said the two sides have signed a definitive agreement. The transaction is expected to be completed in early 2020 after obtaining regulatory approvals. Middle East Clean Energy Projects In Pipeline At $100 BillionThe Middle East’s energy and utilities sector is undergoing an unprecedented transformation, with the shift towards renewable energy and digital innovation at the heart of ambitious energy diversification programs. As governments seek to increase energy security and maximize returns from hydrocarbon resources, utilities are pressing ahead with some of the largest renewable energy schemes in the world. |
NORTH AMERICAGates, Bezos Bet On Flow Battery Technology, A Potential Rival To Big Bets On Lithium-ionIn October of this year, ESS, a manufacturer of low-cost, long-duration, iron-flow batteries for the global renewable energy infrastructure, secured $30 million in a Series C investment round from Breakthrough Energy Ventures, the group of private investors led by Bill Gates and fellow billionaires Jeff Bezos, Michael Bloomberg, Richard Branson and Jack Ma, among others. Nevada Will Have More Solar Than 37 Other States CombinedNevada’s NV Energy is going to add more than 1 GW in solar capacity and nearly half of that in storage in the next four years, according to PV Magazine. Three of NV Energy’s now-approved solar projects — Gemini, Bighorn, and Arrow Canyon — will provide 1,190 MW of solar and 590 MW of battery storage. $100M Solar Project Slated For South Dakota Reservation Moves AheadGerman energy developers and their Native American business partners have inched closer to the construction of a historic $100 million solar electricity generation project on a tribal reservation in southwest South Dakota. |
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