16 January 2017 10:15 AM GMT

The Enel Group and the Brazilian Development Bank, the main financing agency for development in Brazil, have signed a 20-year term loan agreement worth around $115m USD to promote renewable investments. The funding will also cover part of the investment required to build the recently inaugurated 102 MW Apiacas hydropower cluster, located in the state of Mato Grosso in Brazil’s Central-West Region. “We’re extremely pleased with the outcome of this transaction, which is a testament to the solidity of our Brazilian business,” said Francesco Venturini, Enel’s Head of Global Renewable Energies.

January 11th 2017
New Energy Record In UK: Wind Outperforms Coal In 2016

New statistics by Carbon Brief shows that more electricity was generated by wind than coal in 2016. It’s the first time that wind has surpassed coal for an entire year, generating 11.5% of the UK’s power, compared to just 9.2% from coal. Overall, a quarter of the UK’s electricity came from renewables in 2016. This milestone is a significant first for the UK, reflecting a massive decline in coal generation, which contributed just 9.2% of UK electricity last year, with 11.5% from wind. The coal collapse has seen its output fall to the lowest level since 1935.

December 22nd 2016
New Low Carbon Era Arrives for the UK. Renewables Now Mainstream, Wind Central

New Government figures show that the UK has passed the point where we have a low carbon electricity system. For the first time, renewables and nuclear are delivering 50% of our electricity, thanks to continued dramatic growth in renewable generation. Coal use and fuel imports are falling dramatically in response as we balance our economy, increase energy efficiency, cut costs and cut carbon.

December 18th 2016
DEWA Reaches Financial Closure For 2,400MW Hassyan Clean Coal Power Project

Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400MW Hassyan clean coal power project. Last June, DEWA signed the PPA, Shareholders Agreement (SHA), and other project agreements with the consortium led by ACWA Power. Total investment of the project is USD 3.4 billion through Hassyan Energy Company, which is a joint-venture between DEWA (51%) and a consortium comprising ACWA Power, Harbin Electric, and the Silk Road Fund (49%). The project consists of four 600MW net power units. They will be operational in March 2020, March 2021, March 2022, and March 2023 respectively.

December 15th 2016
AkzoNobel Acquires BASF’s Industrial Coatings Business, Strengthens Position

AkzoNobel has finalised the acquisition of BASF’s global industrial coatings business, positioning it as a provider capable of protecting every part of a wind turbine and offering a single source of supply to customers. The agreement includes all relevant technologies, patents and trademarks, as well as two manufacturing plants in the UK and South Africa. Approximately 400 employees from BASF’s industrial coatings business will now join AkzoNobel. The transaction is valued at €475 million, with BASF’s business generating revenue close to €300 million in 2015.

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December 12th 2016
Biofuels Industry Questions EU Commission’s Revised Renewable Energy Directive

Farmers and Industry leaders have questioned the European Commission proposals for new legislation on clean energy which has significant implications for crop-based biofuels. In turn, the Commission views this introduction of a cap on the contribution of food-based biofuels as a mechanism to minimise the Indirect Land-Use Change (ILUC) impacts.

December 10th 2016
Nigeria: Northern Governors, GE Sign MOU For 500 MW 5 Solar Power Plants Project

General Electric is to build five solar power plants in Nigeria; to be located in Borno, Kebbi, Nassarawa, Niger and Taraba States which each of the plants expected to generate 100 megawatts of electricity totaling 500 megawatts across the 5 States. The electricity is meant to stimulate economic activities and social services in the affected States through boosting agricultural food processing, small scale businesses in addition to supplying electricity to schools and hospitals.

November 30th 2016
Abu Dhabi Sustainability Week 2017 And A New Phase Of Growth For Clean Energy

Abu Dhabi Sustainability Week (ADSW), will host a world class group of industry leaders to advise on translating the global mandate for renewable energy and clean technologies into concerted policy and business action. This is significant as research indicates developing countries are overtaking the wealthiest economies in attracting clean energy investment. The global profile of ADSW is thus valuable in bringing emerging market opportunities to a wider stage, enabling greater cooperation between developed and developing economies.

November 20th 2016
French Giant Total To Install PV Solar Panels In 5,000 Service Stations Globally

Total is launching a program to equip 5,000 of its service stations worldwide with solar panels within five years, including 800 in France. The total solar capacity to be installed is about 200 MW, equivalent to the amount of electricity used to power a city of 200,000 people. The project represents an investment of around $300 million and is projected to cut the company’s carbon emissions by 100,000 tonnes annually and reduce energy costs by $40m each year. It’s a high-profile move in what it sees as a growth sector, highlighting a greater industry focus on renewables.

October 25th 2016
Growing Stronger: Wind Energy Can Supply 20% Of Global Electricity By 2030

A new report states that by 2030 wind power could reach 2,110 GW, and supply up to 20% of global electricity, creating 2.4 million new jobs and reducing CO2 emissions by more than 3.3 billion tonnes per year, and attract annual investment of about €200 billion. With dramatic price decreases in recent years for wind, solar and other renewables, a decarbonised power sector is not only technically feasible but is economically competitive as well. New markets are developing rapidly across Africa, Asia and Latin America, supplying clean energy to support sustainable development.

October 25th 2016
Car Parks Of The Future? New European Airport Uses Trina Solar PV Modules

The international Airport Weeze in North Rhine-Westphalia is one of the newest European airports, welcoming 1.8m passengers a year. The airport operators have now opened car park P2 for customers and equipped it with a PV carport system. This offers a dual advantage. First, the renewable energy generated by the system can be used as an additional revenue source, or for self-consumption; whilst reducing its carbon footprint. Second, the system also serves as a protective layer shielding passenger vehicles.

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