Financing

India’s Budget 2017: Finance Minister Arun Jaitley says solar power to feed 7,000 railway stations

Finance Minister Arun Jaitley today announced that around 7,000 railway stations would be fed through solar power in the medium term and work has already begun in that respect in 300 stations. “It is proposed to feed at least 7,000 stations with solar power in the medium term. A beginning has already been made in 300 stations,” Jaitley said in his […]

Saudi Aramco Said to Weigh Up to $5 Billion of Renewable Deals

World’s biggest oil producer planning solar investments Advisers including HSBC, JPMorgan pitching to help find deals Saudi Aramco, the world’s largest oil company, is considering as much as $5 billion of investments in renewable energy firms as part of plans to diversify from crude production, according to people with knowledge of the matter. Banks including HSBC […]

ADB Boosts Support for Clean Energy with $390 Million Renewables Financing in India

MANILA, PHILIPPINES — As part of its efforts to scale up private sector-led infrastructure development in Asia and the Pacific and boost support for clean energy, the Asian Development Bank (ADB) approved a new $390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles […]

Solar in MENA: Masdar Appoints IFC to Oversee Funding of Jordan’s Largest Solar Power Project

Masdar, Abu Dhabi’s renewable energy company, has selected International Finance Corporation (IFC), a member of the World Bank Group, to oversee the funding of the largest solar power plant in the Hashemite Kingdom of Jordan.  The solar power plant is a 200 MW photovoltaic facility being developed by the wholly owned Masdar subsidiary Baynouna Solar […]

“Green Lending” – Top Priority of The European Investment Bank (EIB) in East Africa

During During RES4AFRICA Program Launch Event “A step change in the deployment of Renewable Energy in Eastern Africa” held in Nairobi Kenya we had an exclusive opportunity to speak to Catherine Collin, Head of Regional Representation Eastern & Central Africa European Investment Bank.  Catherine has over 25 years of experience in the banking in`\\dustry with focus on development finance, particularly in […]

Solar Fuel? Bill Gates On Clean Energy, Donald Trump, And Stocks – Full interview courtesy CNBC

Bill Gates, Microsoft co-founder, and Breakthrough Energy Ventures co-chair, talks about creating innovative way to create clean, cheap energy, tariff, trade, Trump’s tweets and the stock market. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak […]

World Energy Hits a Turning Point: Solar That’s Cheaper Than Wind

A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.  This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized […]

EDF Renewable Energy Signs 186 MW PPA with MCE from the Desert Harvest Solar Project, in Southern California

EDF Renewable Energy (EDF RE) announces the signing of a 20-year Power Purchase Agreement with MCE for up to 186 megawatts peak (MWp) / 150 MWac from the Desert Harvest Solar Project, in Southern California. The Project is expected to begin delivery of clean electricity to MCE starting in 2020. “We’re grateful to EDF RE not only for […]

Anticipating 24/7 – Abubakar Yerima at Nigerian Investment Promotion Commission

During the first ever solar event in Nigeria, “Nigus-LTI Solar Investment Summit” we spoke to Abubakar Yerima, Head, Overseas Operations at Nigerian Investment Promotion Commission who explained us on the example of LTI ReEnergy and Nigus Investments their 24/7 anticipating service for foreign investors :-). Abubakar is a flexible investment promotion professional with over 20 […]

Bill Gates, Jeff Bezos and Jack Ma join forces to invest over $1 billion in “next generation energy technologies”

Some of the world’s top business leaders will launch a new fund on Monday which will invest over $1 billion in “next generation energy technologies.” The investor-led fund will be known as Breakthrough Energy Ventures (BEV) and is set to put money into new technologies that will be able to deliver affordable and clean energy. […]

International Solar Alliance Framework Agreement Signed By More Than 20 Countries

Several countries agreed to work towards making the International Solar Alliance an intergovernmental body recognized by the United Nations at the sidelines of COP22 Marrakech climate change summit. More than 20 countries, including India, France, and Brazil, signed on a framework agreement that will see the International Solar Alliance become an intergovernmental body under the UN charter. […]

World Bank Approves an Additional $22.93 Million Grant to Support Grid-connected Rooftop Solar Program in India

The World Bank Board approved an additional grant of $22.93 million to further enhance the installed capacity of Grid-connected Rooftop Solar Photovoltaic (GRPV) Program and strengthen the capacity of relevant institutions for widespread installation of GRPV. The additional Global Environment Facility (GEF) grant will support the overall US$625 million GRPV program approved by the World […]

Green Business Woman Mary O’Donnell – Every day is a new day in the solar & renewable energies project business

During Intersolar Middle East held in Dubai, we had an exclusive opportunity to speak to Mary O’Donnell, Founder & President of No Fossil Fuel & Clean Power Inc, a passionate green business woman who runs a sustainable & renewable farm in Kingston, Massachusetts fueled by her own 6MW wind energy installation. While realizing her dream of building a fully […]

Bitcoin and Its Blockchain Are Driving the Solar Energy Boom

Bitcoin, blockchain technology and the Internet of Things are dramatically disrupting every industry sector. They’re especially disrupting the energy and utility sector, including the solar energy trading market. Coincidentally, solar energy prices continue to decline, bringing spectacular new business opportunities while protecting the environment. Several factors are contributing to the boomin renewable energy production. These include generation […]

Solar in South Africa: Eskom signs $500m credit facility with China Development Bank

Eskom and the China Development Bank (CDB) signed an initial $500m million credit facility agreement. The facility will contribute towards Eskom’s current capital expenditure programme. Eskom’s Group Chief Executive Brian Molefe said: “Eskom has been negotiating this and other facilities with China Development Bank for almost a year and the signing of this agreement is […]