CleanTech Report December 31th 2019 |
AFRICANamibia Announces $338 Million, 5-Year Renewable-Energy StrategyNamibia’s state-run utility will build four plants powered by renewable energy over the next five years as the southern African nation seeks to guarantee local supplies and cut its use of fossil fuels. AfDB Disburses $500 Million For Renewable EnergyThe African Development Bank (AfDB) has approved a loan of $500 million for Africa’s electrification through renewable energy. UN’s Green Climate Fund Backs South Africa In Financing RenewablesThe United Nations’ Green Climate Fund (GCF) has agreed to back the financing of renewables in South Africa. In a program called the Embedded Generation Investment Program (EGIP), the GCF will be joining the Development Bank of Southern Africa to support the economic ventures of South African renewable producers. |
ASIAChina’s Lead In The Global Solar RaceIn the space of 25 years, China will have gone from having virtually no solar panels to leading the world by a margin of more than 100%. Asia Pacific ‘Zero Carbon Cost’ To Hit $3.5 BillionAsia Pacific’s decarbonisation bill could reach $3.5tn (€3.2tn) by 2040, according to new research by Wood Mackenzie, which totals investments in solar, wind, hydro and nuclear power, as well as green hydrogen production. Fukushima Eyes Clean Energy Revival Via $2.75 Billion Wind And Solar HubJapan’s Fukushima Prefecture, the scene of the world’s most recent nuclear disasters in 2011, will transform its now unusable agricultural land into wind and solar farms, as part of a $US2.7 billion renewable energy rebirth. |
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. Australia Wants To Build A Giant Underground ‘Battery’ To Help Power The NationGovernments around the world are looking to boost renewable energy capacity as they race to cut their reliance on fossil fuels. But one of the big questions they face is how to keep the lights on when the sun isn’t shining or the wind isn’t blowing. RET Accreditations In Australia To Hit 4 GW In 2019Power plants in Australia with a combined capacity of some 4 GW will secure accreditation under the country’s Renewable Energy Target (RET) this year, breaking the 2018 record of 3.5 GW. |
EUROPEEnergia Plans €3bn Investment In Renewable EnergyUtilities provider Energia intends to invest more than €3 billion in renewable infrastructure over the coming five years, the company said on Monday. EIB 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. Global Renewables Investment To Hit $13.3 Trillion By 2050Global investments in renewable energy generation capacity will vastly outnumber investment in new fossil fuel-fired plants by 2050, as the share of renewables in the world’s generation capacity will grow exponentially, research company BloombergNEF (BNEF) says in its report New Energy Outlook 2019. |
LATIN AMERICACosta Rica Hits Record Electricity Generation From 99% Renewable SourcesDuring the whole month of May 2019, Costa Rica generated a total of 984.19 gigawatt hours of electricity, the highest in the country’s history. What makes this feat even more impressive is the fact that 99.99% of this energy came from renewable sources – hydropower, wind, biomass, solar, and geothermal. World Bank Group Mobilizes Over $14.4 Billion For Latin America Development In Fiscal Year 2019The World Bank Group mobilized over $14.4 billion in lending and guarantees to support sustainable development and poverty reduction in Latin American and the Caribbean during the 2019 fiscal year ending June 30. Colombia Hails ‘Revolution’ As It Awards Renewables Deals Worth $2.2 BillionColombia has awarded contracts for wind and solar projects worth about $2.2 billion, the government said on Tuesday, as part of its efforts to boost renewable energy generation in the Andean country. |
MENAAbu Dhabi Starts Operations At World’s Largest Solar PlantAbu Dhabi’s Department of Energy has begun operations at the world’s largest independent solar power plan, Noor Abu Dubai. Seven Solar Energy Projects Worth $1.5 Billion Unveiled In Saudi ArabiaSaudi Elenex exhibition sees launch of seven solar power schemes with a combined power capacity of 1.52 GW UAE And Saudi Arabia To Drive Mena $209 Billion Power Sector ExpansionThe Middle East and North Africa region will need to invest $209 billion in the power sector over the next five years as total investments in the region’s energy sector could reach $1 trillion in next five years, an industry forecast said. |
NORTH AMERICAUnited States Reaches Deal To Lift Metal Tariffs On Canada And MexicoThe Trump administration reached an agreement with Canada and Mexico to lift tariffs on metal imports, resolving a yearlong standoff that inflamed North Atlantic tensions and complicated efforts to ratify a revised trade deal. Renewable Energy Could Save $160 Trillion In Climate Change Costs By 2050New findings published by the International Renewable Energy Agency (IRENA) have emphasized the need to scale up efforts to transition away from fossil fuels and towards renewable energy. Signify Buys Cooper Lighting For $1.4 BillionSignify, the world leader in lighting, today announced that it has entered into a definitive agreement with Eaton to acquire Cooper Lighting Solutions for USD 1.4 billion (approx. EUR 1,270 million) in cash. Closing is subject to regulatory approvals and other customary conditions and is expected to take place in the first quarter of 2020. |
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