Scalable commercial options for loads like heating or manufacturing processes haven't caught up with climate goals. : With "100 percent renewable energy" becoming a unifying principle of the climate movement, forward-looking companies, states, power players and institutions have been reckoning with a harsh reality -- electrifying everything is really hard.
In less than a decade, community solar has become the fastest-growing segment within the solar industry, achieving a five-year compound annual growth rate of 53 percent, opposed to 26 percent for the rest of solar. Legislators across the country are beginning to understand the value that community solar brings to their constituents: equitable access to clean and affordable energy for thousands of homeowners, renters and businesses. Today, we are seeing an unprecedented number of states introduce community solar legislation across the country, most recently including Pennsylvania, New Mexico and Florida.
Asian Development Bank (ADB) Tuesday said it has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB's Ordinary Capital Resources and Leading Asia's Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agency (JICA) which is administered by ADB. The agreement was signed Tuesday by Chair of AEPL Vineet Mittal and ADB Principal Investment Specialist Mayank Choudhary, ADB said in a release.
WESTTOWN -- A new crop sprouted from fallow fields on both sides of County Route 1 over eight months last year: some 16,000 silicon solar panels, laid out in row upon row in the heart of what once was a prime dairy farming area.Today, those panels are catching the sun's rays to produce 5.29 megawatts of electricity, enough to power the homes of 800 Orange and Rockland customers who subscribed to Clearway Community Solar -- the company that built [...]
France has signed contracts with Kenya worth more than 2 billion euros, including a 1.6 billion euro deal to operate a highway between Nairobi and Mau Summit.
Kudura Power East Africa is targeting to sell power to 2,100 households and 300 small businesses in the county. : A Portuguese off-grid clean energy company has set an end-of-March target to start selling power to Busia residents after getting the Energy Regulatory Commission (ERC) green light to generate and sell electricity. RVE.SOL which operates in Kenya as Kudura Power East Africa said it is targeting to sell power to 2,100 households and 300 small businesses in the county from the end of March.
Two powerful backers have signed on to a 2,100-megawatt transmission project to bring renewable generation from Iowa to Illinois. German energy engineering firm Siemens and Copenhagen Infrastructure Partners, a Danish fund specializing in renewables, acquired the SOO Green Renewable Rail from its developer, the Wall Street Journal reported. Siemens will also supply the high-voltage DC equipment for the effort. Optimal sites for large-scale renewables development often lie far from the dense urban areas with high demand for power.
Reflecting Its Interest In Solar Energy, Diversified Communications Acquires Trade Shows - Portland Press Herald
The West Coast events focus on renewable energy. : A Portland company that specializes in organizing trade shows and is now investing in solar energy has acquired three energy-related events from German companies. Diversified Communications closed a deal with Germany-based Solar Promotion International and FMMI to take over three annual energy-related events held in San Francisco. Diversified will now organize the Intersolar, ees and Power2Drive North America events, and relocate them to San Diego next February, according to a press release announcing the deal. The acquisiton is a reflection of Diversified's recent decision to branch into renewable energy industries.
[Foroyaa] The Government of the Gambia, in collaboration with the European Union and the World Bank has on Monday, 4th April 2019, launched an electricity project worth 142 million euros.
Off-grid energy, long the focus of nonprofits and governments, is becoming the next massive investment opportunity for the world's biggest energy players, with hundreds of millions of dollars going into solar home systems and other energy solutions for the billions of people who lack access to reliable grid power, or any power at all. That's the conclusion of a new report from Wood Mackenzie Power & Renewables and Energy4Impact, detailing the spectacular rise in investment in the off-grid energy access sector.