CleanTech Report February 9th 2021 |
NORTH AMERICASolar PV Panels Market Worth $176.2 Billion By 2027 According to a report, “Solar PV Panels Market Size, Share & Trends Analysis Report By Technology (Thin Film, Crystalline Silicon), By Grid Type, By Application (Residential, Commercial), By Region, And Segment Forecasts, 2020 – 2027” published by Grand View Research, Inc., the global solar PV panels market size is expected to reach USD 176.2 billion by 2027, escalating at a CAGR of 4.3% over the forecast period. Northland Plans €13 Billion Renewables Drive Canada-based Northland Power is targeting CA$15 to CA$20 billion (€9.8bn-€13bn) of gross capital investment in new renewable projects over the next five years, “anchored by identified offshore wind projects that are currently in active development”, the company said today in a strategy update. U.S. Navy Partners With Ameresco For $173 Million Clean Energy Project At Norfolk Shipyard Ameresco, an energy efficiency and renewable energy company, today, February 5, announced the U.S. Navy and the Ameresco Federal Solutions team are breaking ground to expand on-site generation, strengthen reliability, and enhance resiliency at Norfolk Naval Shipyard (NNSY) in Portsmouth, Virginia. |
LATIN AMERICARCG Expands Operations To Latin America Renewable Market To support the rapid growth of the Latin American renewables market, Renewables Consulting Group (RCG), a sector specialist advisory firm, has opened a new office in Santiago, Chile.
Highview Power Closes Growth Capital Funding Round With $70 Million Highview Power has closed its Growth Capital round of funding with over $70 million, bringing the total amount of funding and grants the company has secured to date to over $145 million.
IDB Invest And Engie Chile Debut The World’s First Pilot Project To Monetize The Cost Of Decarbonization IDB Invest, a member of the IDB Group, provided a $125 million financial package to ENGIE Energía Chile, a subsidiary of the ENGIE Group, with the aim of accelerating the decarbonization of the country’s electricity matrix. |
EUROPEMost of Europe’s Energy Came From Renewable Sources In 2020 A report by Ember and Agora Energiewende found that renewable energy sources powered 38% of electricity in the European Union in 2020. This important milestone was also partially affected by COVID-19 as the demand for electricity decreased due to stay-at-home orders.
Iberdrola’s EUR 2 Billion Green Bond To Fund Saint Brieuc, Baltic Eagle OWFs Iberdrola has launched a green hybrid bond amounting to EUR 2 billion and will use the raised funds to finance and refinance the Saint-Brieuc and Baltic Eagle offshore wind farms in France and Germany, respectively.
Oil Giant BP Boosts Stake In Renewable Energy BP, one of the world’s seven oil and gas supermajors, has made a big move in expanding its renewable energy portfolio. BP, based in London, UK, and German utilities company EnBW have been named as the preferred bidder for two wind farms, with 60-year leases, in the Irish Sea. The oil and gas giant pledged last year to be a “net zero” business by 2050. |
ASIAVirescent Floats First Solar InvIT, Places 400 MW Assets Under Private Trust KKR backed Virescent Infrastructure has floated the first infrastructure investment trust (InvIT) in the green power space. It will be a private InvIT for which they have sought the approval for the Securities Exchange of India.
Advisor Chosen For 250 MW Philippines Project Modern Energy Management (MEM) has been appointed as owner’s representative and technical advisor for Highland Infrastructure’s flagship 250MW wind project in Philippines.
Tepco Joins Scandinavian Trial To Bring Floating Wind Farms To Japan Despite its small land area, Japan is the world’s sixth-largest maritime nation by the size of its exclusive economic zone. The deep waters that surround the country and its long coastline give it the potential to become a hub for floating wind farms. |
MENAUAE Aims To Triple Its Solar Installations By 2025 The installed renewable capacity of the United Arab Emirates, which until recently was nearly non-existent, concluded 2020 at 2.3 gigawatts (GW), around 91% of which comprises solar PV projects, a Rystad Energy analysis shows.
UAE’s Masdar Eyes Further Growth In US Clean Energy Market After EDF Deal Abu Dhabi-based Masdar on Monday announced that it has achieved the first closing on the acquisition of 50 percent of a 1.6-gigawatt (GW) clean-energy portfolio of projects in the United States from EDF Renewables North America.
ICD Mulls Financing New Projects Worth $45 Million In Egypt The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), is studying financing new development projects worth more than $45 million in Egypt. |
AFRICAast African Company Buys Into UK power Storage East Africa-focused Janus Continental Group (JCG) has invested $13 million in Highview Power, which has developed a liquid air energy storage system.
Africa’s Energy Sector Steering Towards Renewables There has been a steady transition from traditional to renewable sources of power in recent years. This is ascribable to an increased recognition of not only the environmental benefits, but the reduction in costs associated with renewable technologies such as solar PV and wind.
DBSA Launches Green Bond For Climate Projects The Development Bank of South Africa (DBSA) has just launched its first green bond through a private placement with the French Development Agency (AFD). The purpose of the loan is to mobilize 200 million euros to finance climate change adaptation in South Africa. |
AUSTRALIAAustralia’s First Solar Panel Recycling Facility To Be Established In Adelaide Australia’s first dedicated solar panel recycling company has locked in plans to develop its first processing facility in the industrial Adelaide suburb of Lonsdale, in South Australia, with plans to recycle tens of thousands of PV panels a year. Australia To Revise Clean Energy Policy And Unlock $40 Billion In Investments The Australian government should revise its renewable energy policy to unlock future investments of up to $40 billion within the power generation sector, according to a new study released by research firm Wood Mackenzie. Australia Deployed 2.6 GW Of Rooftop PV In 2020 The rise and rise of rooftop solar PV has established Australia as a renewable energy powerhouse, with new figures from the Clean Energy Regulator (CER) revealing the nation achieved a record in renewable capacity in 2020. |
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