SunFunder’s goal is to finance $1 billion dollars into solar loans around the world by 2020 and to prove that emerging market solar is both a profitable and impactful sector. To this end, OPIC signed a $15 million commitment to be an anchor investor in SunFunder’s Beyond The Grid Solar Fund, which will allow SunFunder […]
Saudi Arabia announces 9.5 GW renewable energy target under new “King Salman Renewable Energy Initiative”
“By Dr. Moritz Borgmann, partner, Apricum – The Cleantech Advisory” As part of a wide-ranging economic and social policy vision for the Kingdom of Saudi Arabia, deputy crown prince Mohammed bin Salman, son of King Salman bin Abdulaziz al Saud, announced the first cornerstones today for the deployment of renewable energy in the country.The “Saudi […]
MD & CEO of DEWA reviews Innovation Centre at Mohammed bin Rashid Al Maktoum Solar Park
HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has visited DEWA’s Innovation Centre, one of the innovative projects at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site project of its kind in the world, based on the IPP model. It will generate 1,000MW by 2020, […]
Noy Fund & TSK Group to Replace Abengoa in Shikun & Binui’s Ashalim Thermo-Solar Power Plant Project
Shikun & Binui Ltd., a global construction and infrastructure company headquartered in Israel, recently announced that it has signed an agreement under which the Noy Fund and the TSK Group will replace Abengoa for the building of the NIS 4B Ashalim thermo-solar power plant in Israel.Shikun & Binui will continue to hold 50% of the Concessionaire, […]
Australian solar pioneer forges ahead with global technology
ARENA is providing Victorian company RayGen with a $2.9 million recoupable grant towards a $5.8 million project aimed at developing a utility-scale solar system utilising its PV Ultra technology.PV Ultra differs from typical large-scale solar photovoltaic (PV) arrays; it relies on low-cost mirrors to track and reflect the sun onto an ultra-efficient solar PV receiver […]
EIB President welcomes formal signing of the Paris Agreement
On 22 April in New York, a high-level signing ceremony, convened by Secretary-General Ban Ki-moon, will take place as a first step in implementing the Paris Agreement, which was adopted in Paris last December. EIB President Werner Hoyer said, “The signature marks a historic achievement of international diplomacy and politics. But the job is far […]
IBC SOLAR focuses on emerging photovoltaic markets
IBC SOLAR AG, a global leading system service-provider for photovoltaics (PV) and energy storage systems, presented solar companies from all around the world with the “Premium Partner Awards 2016” for a successful cooperation. On this occasion, around 40 international PV experts met to discuss opportunities and challenges for the photovoltaic industry. Partners from African and […]
France fires up push for renewable energy
France announced on Monday it was raising its renewable energy goals and would become the first country to issue “green bonds” to fund projects which benefit the environment.French President Francois Hollande also confirmed that the country’s oldest nuclear power plant, Fessenheim – which sits near the German and Swiss borders – would be closed.Hollande was […]
UNDP, ISA join hands to promote solar energy
The International Solar Alliance (ISA) and United Nations Development Programme (UNDP) have joined hands to promote solar energy globally. On occasion of a side event on ISA at UN Headquarters in New York yesterday, the Interim Administrative Cell of ISA and UNDP evinced their interest to promote solar energy globally, the New and Renewable Energy […]
“Investors interested in acquiring stake in Co”
Facing liquidity crunch, renewable energy firm SunEdison India recently said it is receiving a “lot of interest” from investors for possible stake sale in the company as well as in its projects in the country.SunEdison India is a subsidiary of US-based energy major SunEdison, which last week filed for bankruptcy protection in the Bankruptcy Court […]