LOME: Togo has inaugurated the largest solar plant in West Africa, in a push to increase access to electricity and develop renewables in the small coastal country. The 50 megawatt facility, located in central Togo, will provide power to more than 158,000 households and save more than one million tonnes of CO2 emissions, Togo’s President […]
Maine Becomes 9th US State to Adopt Energy Storage Deployment Target
Janet Mills, Governor of Maine, has signed legislation that makes hers the ninth US state to have adopted a deployment target for energy storage. On 22 June, the governor’s office announced that Mills had signed ‘LD 528: An act to advance energy storage in Maine’. It sets out a state goal for energy storage development […]
SEFEA Demonstrates Decentralised Renewables Will Remain a Cornerstone to Achieve East Africa’s Energy Targets
Organised by the East African Centre of Excellence for Renewable Energy and Efficiency (EACREEE) and the Alliance for Rural Electrification (ARE), the 2nd edition of the Sustainable Energy Forum for East Africa (SEFEA) took place virtually from 22 to 24 June 2021. The event was supported by GET.invest, a European programme supported by the European […]
ADB Approves Refinancing For Vietnam’s Solar Plant
The Asian Development Bank (ADB) has approved $160.5 million to refinance the 240 megawatts (MW) Dau Tieng 2 Tay Ninh solar power project in Vietnam. The approved financing structure include $24.5m from ADB, a $128m syndicated loan (B loan) and $8m from Leading Asia’s Private Infrastructure Fund (LEAP). The Dau Tieng 2 is part of […]
In the Race to Combat Climate Change, C.H. Robinson Sees 654% Increase in Renewables Business While the Booming Clean Energy Sector Faces Five Key Logistics Challenges
Eden Prairie, Minn., United States: At a time when world leaders are setting aggressive goals to fight climate change, global logistics company C.H. Robinson is realizing triple-digit growth in its renewable-energy logistics business and helping the renewables industry cope with five key challenges. Feeding the demand for wind and solar power depends not only on […]
Building New Renewables Is Cheaper Than Burning Fossil Fuels
It’s now cheaper to build and operate new large-scale wind or solar plants in nearly half the world than it would be to run an existing coal or gas-fired power plant. That’s the latest analysis from BloombergNEF, which sees that even with the risk of rising commodity prices, a new solar park or wind farm […]
Where Will the Solar Megawatts Come From to Support Our Energy Transition?
My key takeaway from the Africa Solar Industry Association’s inaugural Africa Solar Outlook published in Q1 this year was that 37 countries in the world had joined the Gigawatt Club (installed more than 1GW of solar energy). Still, only two of those are in Africa, namely South Africa and Egypt. However, nine African countries could […]
Even With Low Tariffs, Why Growth in India’s Solar Sector Is Slumping
A rising number of firms are cutting costs and even exiting the market, even as investments into the sector are slowing. At first glance, all seems well in India’s solar sector. Its tariffs continue to crash. At the Solar Energy Corporation of India (SECI)’s auction last November, Saudi Arabia’s Aljomaih Energy and Water Co and […]
Foundations Announce $1B Fund For Renewables
New Delhi : Efforts to accelerate global actions to ensure that all people have access to clean energy and electricity received a lift as The IKEA Foundation and The Rockefeller Foundation have announced plans to launch a $1 billion fund to boost access to renewable energy in developing countries, and a consortium of organizations led […]
Actis Promotes Abhishek Bansal And Nicolas Escallon to Partner
Actis has promoted Abhishek Bansal and Nicolas Escallon, both Directors in its Energy Infrastructure team to its Partnership. Abhishek Bansal joined Actis in 2012 from the International Finance Corporation and has played a key role in establishing Actis as a leading energy investor in India, providing leadership on sustainability. Abhishek was instrumental in setting up […]
