REM - Renewable Energy
Debut green bonds issued on Astana International Exchange
UNDP backs milestone achievement of Kazakhstan’s Damu Entrepreneurship Fund. Move based on reduction of investment risks in renewable energy.
MDBs provide $61.6bn of climate financing in 2019
MDMs provide $61.6bn of climate financing in 2019
Investment in Chinese solar and wind booms ahead of subsidy deadline
Investment in wind and solar is likely to continue booming in 2020, Fitch Rating said, driven by looming connection deadlines to secure wind subsidies.
Estonia and Latvia agree to joint development of offshore wind
The governments of Estonia and Latvia have signed a memorandum of understanding to jointly develop an offshore wind farm in the Gulf of Riga that could meet up to 40% of Estonia’s annual electricity consumption.
Crosswind and Vattenfall to develop Dutch offshore wind
The Netherlands Enterprise Agency (RVO) has announced that Crosswind, a consortium of Shell and the Dutch utility Eneco, has secured the right to develop Hollandse Kust Noord wind farm.
Russia’s Hevel Group constructs Far East solar PV plants
Russian PV manufacturer Hevel Group has begun the construction of several off-grid solar parks in Russia’s Far East.
EnBW’s wind segment pushes up company earnings
German power company Energie Baden-Wuerttemberg (EnBW) has announced that its Renewable Energies segment has doubled its adjusted EBITDA contribution during the first six months of 2020 compared with 2019.
Jinko Solar commits to 100% renewables
China’s Jinko Solar has become the latest global company to publish an ambitious green target, committing to being 100% powered by renewables by 2025.
RWE, Direct Energy Business seal 25-MW PPA for Alberta’s Hull solar plant
Centrica-owned Direct Energy Business is to purchase 25 MW from RWE Renewables’ Canadian Hull solar PV plant in Alberta.
Vestas green targets in line with Paris goals
Vestas is the first renewables OEM to have its greenhouse gas reduction targets fully endorsed as meeting the Paris Agreement’s 1.5°C goal.
It’s clear most of Turkey’s planned coal-fired power plants are not being constructed says head of chamber of environmental engineers
EBRD considers providing $50mn senior debt financing to 500-MW Gulf of Suez wind power plant
Russian renewable energy delivery of capacity agreements could face even stricter localisation rules
Eskom floats 320-MW battery storage tender
Eskom has floated a tender for a battery energy storage system (BESS) with a minimum of 80 MW/320 MWh usable capacity at South Africa’s Skaapvlei substation in the Western Cape.
Iberdrola succeeds in Infigen takeover
Iberdrola said on August 6 that it had succeeded in its friendly takeover of Australia’s Infigen Energy, confirming in a statement to the Australian Securities Exchange (ASX) that it now owns 52.75% of Infigen's shares.
Asia to drive next generation of offshore wind growth
Global offshore wind capacity is to continue growing in 2020 despite COVID-19
GE Renewable Energy signs deal to build pumped hydro at Australia’s Walcha project
GE Renewable Energy will work with Australia’s Walcha Energy to build the 500-MW Dungowan pumped hydro storage project, which will then support Walcha’s 4.2 GW of solar, wind and battery capacity nearby in the New England Renewable Energy Zone.
Global investors to take heed of Net Zero Investment guidance
The IIGCC has published its Net Zero Investment Framework, which aims to guide the investment community towards meeting the Paris Agreement temperature reduction goals.
Germans to invest in 50 MW Grebak wind farm in Bosnia
German-backed Vetroelektrana Grebak is to begin building the $78.7mn, 50-MW Grebak wind farm in Bosnia's Nevesinje municipality in October, the energy ministry of Bosnia's Serb Republic said.
Chinese to build 900-MW solar project in UAE
Saudi Arabia’s ACWA Power has appointed China’s Shanghai Electric as the engineering, procurement and construction (EPC) contractor for the 900-MW fifth phase of the Mohammed bin Rashid solar farm in Dubai.
bp aims for 50 GW by 2030
bp now aims to increase its green power generating 20-fold to 50 GW by 2030.
Shipping emissions rise 10% and pressure on the sector grows
Greenhouse gas (GHG) emissions from maritime shipping rose 10% from 2012 to 2018, accounting for 2.89% of the world’s emissions in 2018.
Crédit Mutuel Equity acquires aventron’s green assets
French private equity investor Crédit Mutuel Equity has paid CHF30mn ($31mn) to acquire aventron, the Swiss green developer with 545 MW of wind, solar and hydro assets across six European countries.
VTB Capital sees complications with viability of Tajik eurobond amid weakening sovereign profile
Significant rainfall reduction in Tajikistan’s Pamir mountains hit country’s hopes for electricity export to Pakistan, perhaps undercutting potential of “TAJIKI bond” financed Roghun hydropower dam project.
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