The European Investment Bank (EIB) will provide EUR 100m to Banco de Desenvolvimento de Minas Gerais (BDMG) to support climate action projects in this Brazilian state. Private companies and also municipalities will be able to benefit from the advantageous financing conditions of the EU bank, both in terms of long tenors and interest rates, to […]
Climate change: India pitches for financial support
In the run-up to two key UN summits on Climate Change, India has raised the pitch for finance and technology support to developing nations to achieve the Paris Agreement goals of keeping a global average temperature rise this century well below 2 degrees Celsius. Union Minister for Environment, Forest and Climate Change Prakash Javadekar said […]
Lightsource BP makes major Brazil solar acquisition
The London-based firm, in which BP holds a 43% stake, said in a statement it bought 1.9 gigawatt of projects from independent renewables developer Enerlife for an undisclosed sum LONDON: Solar energy developer Lightsource BP has acquired a large number of projects in Brazil with a potential to nearly double its current global capacity. The […]
Brazil regulator blocks sale of wind complex by Renova to AES Tietê
In a securities filing, Renova Energia said the regulator’s decision only applies to windmills that already had future contracts to sell the energy. Windmills that did not have this contract could still be sold, Renova said. Sao Paulo: Brazil’s power sector regulator ANEEL rejected on Tuesday the proposed transfer of wind power complex Alto Sertao […]
Nominated: Projects in Brazil, Australia, Senegal compete for Solar & Storage Live Awards
A solar-plus-storage project in Brazil trialling different batteries, a 22MW solar farm with 2.4MW of battery storage in Senegal and NGK Insulators’ recent, huge project using sodium sulfur batteries in Abu Dhabi are among the nominees in this year’s Solar & Storage Live Awards: International project category. The Solar Media editorial team, including Energy-Storage.news editor Andy Colthorpe, […]
World nations failing the poorest on energy goals: study
More than 150 million people are gaining access to electricity every year, reducing the ranks of those who live without power, but this is not enough to meet global development goals, according to a report released Wednesday. Furthermore, efforts to cut pollution from cooking food and promote renewable power for heat and transportation are likewise […]
Sprng buys Shapoorji Pallonji’s solar assets
Actis’ renewable energy arm buys 194MW of solar assets for $200 million With this deal, the total operating and under construction capacity of Sprng will increase to 1.65GW NEW DELHI: Global private equity fund Actis Llp’s renewable energy platform Sprng Energy on Friday acquired 194 megawatts (MW) of Shapoorji Pallonji group’s solar assets for an […]
