CleanTech Report 2019.12.31

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Please find a compilation of the Highlights featured in our 2019 CleanTech Reports.

CleanTech Report December 31th 2019

AFRICA

Namibia Announces $338 Million, 5-Year Renewable-Energy Strategy

Bloomberg

Namibia’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 Energy

The North Africa Post

The 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 Renewables

The African Exponent

The 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.

 

ASIA

China’s Lead In The Global Solar Race

World Economic Forum

In 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 Billion

ReNews

Asia 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 Hub

Renew Economy

Japan’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.

 

AUSTRALIA

Australia May Aim As High As 700% In Renewable Power Goal

Hydrogen Fuel News

Politicians 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 Nation

WEForum

Governments 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 2019

Renewables Now

Power 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.

 

EUROPE

Energia Plans €3bn Investment In Renewable Energy

The Irirsh Times

Utilities 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 Upgrades

PEI

The 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 2050

OilPrice

Global 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 AMERICA

Costa Rica Hits Record Electricity Generation From 99% Renewable Sources

ThinkGeoEnergy

During 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 2019

InsuranceNewsNet

The 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 Billion

Reuters

Colombia 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.

 

MENA

Abu Dhabi Starts Operations At World’s Largest Solar Plant

Gulf Business

Abu 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 Arabia

Utilities Middle East

Saudi 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 Expansion

Khaleej Times

The 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 AMERICA

United States Reaches Deal To Lift Metal Tariffs On Canada And Mexico

The New York Times

The 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 2050

Forbes

New 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 Billion

Edison Report

Signify, 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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