Clean Energy Policy News
7 October 2016
South Korea’s KTC Co. signed a deal worth $820 million with Iran’s Investment and Economic Development Committee to build a solar plant and a wind farm in Iran. KTC is to establish the solar plant in the southern city of Fasa and the wind farm in the southeastern city of Zabol. Based on the first agreement between KTC and Iran’s Green Energy Company, the Korean company will finance $220 million to build a 100-megawatt (MW) wind farm in Zabol. Also, $600 million will be allocated to a 200-MW solar plant in Fasa according to the second agreement signed between Shiraz’s Azad University and KTC.
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6 October 2016
Join the Clean Energy Solutions Center in Miami, Florida, for the Caribbean Renewable Energy Forum, 17 October to 19 October. The Solutions Center will host a breakfast forum from 7:30 to 9 a.m. on 19 October in the Sandringham room. The Breakfast Forum will focus on clean energy policy, finance and implementation and feature lively discussion with Caribbean leaders and Solutions Center experts. Panelists will offer practical strategies with a special focus on unlocking finance and human capital resources in the region.
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4 October 2016
Organizations that have an ISO 50001-certified energy management system may compete for prestigious awards from the Clean Energy Ministerial (CEM). Announced today, the 2017 CEM Energy Management Leadership Awards will raise global awareness of the benefits of energy management and accelerate uptake of these systems to support corporate, national and global climate goals.
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4 October 2016
The U.S. Agency for International and four local private commercial banks agreed to partner for clean energy projects in Pakistan. In a statement released by U.S Embassy in Pakistan, approximately $88 million in financing will become available through this agreement to support the development of the clean energy sector in Pakistan. Partner banks will be able to extend debt financing to smaller scale clean energy projects, developers, and companies or to households and businesses purchasing clean energy equipment. This 15-year partnership will provide up to a 50 per cent guarantee for loans made for clean energy projects.
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3 October 2016
The Solutions Center and the Energy and Climate Partnership of the Americas (ECPA) have partnered to provide resources and support to meet common goals. Together, the Solutions Center and ECPA will work to enable greater dialogue, collaboration and awareness on energy and climate topics. ECPA’s initiatives include energy efficiency, renewable energy, efficient use of fossil fuels, energy infrastructure, energy poverty, sustainable forests and land use and climate adaptation.
Learn more.27 September 2016
The Global Innovation Lab for Climate Finance, the Fire Awards and the India Innovation Lab for Green Finance are seeking powerful and actionable ideas to overcome barriers and accelerate investment for a low-carbon, climate-resilient economy.
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23 September 2016
Energy ministers from across the Association of Southeast Asian Nations (ASEAN) met today at the 34th ASEAN Ministers on Energy Meeting to accelerate efforts to boost renewable energy deployment in the region. ASEAN Member States are currently on track to source 17 per cent of their combined total primary energy supply from renewables by 2025.
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22 September 2016
The business case for solar photovoltaics (PV) in Africa is stronger than ever thanks to rapidly declining technology costs, according to a new report released today by the International Renewable Energy Agency (IRENA). Solar PV in Africa: Costs and Markets, estimates that installed costs for power generated by utility-scale solar PV projects in Africa have decreased as much as 61 per cent since 2012. Today, installed costs for these projects are as low as USD 1.30 per watt in Africa, compared to the global average of USD 1.80 per watt.
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20 September 2016
Green for Growth, an international fund for renewable energy and energy efficiency projects operating in Southeast Europe, European Eastern Neighborhood Region, and in the Middle East and North Africa, will start operations in the local market, according to Lachlan Cameron, Green for Growth’s Senior Officer in Energy Finance. The fund’s budget for the three regions has reached $370 million this year. The eligibility criteria for applying for financing from Green for Growth (GGF) are having a minimum 20 percent reduction in primary energy consumption. They also include a minimum of 20 percent reduction in carbon dioxide, and the promotion of renewable energy. The financing instruments are medium- to long-term senior loans, subordinated loans, letters of credit, guarantees, and mezzanine debt instruments.
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18 September 2016
The Inter-American Development Bank (IDB) has granted $103.4 million financing to Nicaragua to enhance its geothermal energy generation capacity while improving power transmission system. IDB will fund $51.4 million for the development of the geothermal energy in the country while am additional $25 million will come from the Korea Infrastructure Development Co-financing Facility in Latin America and the Caribbean, which is managed by IDB.
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