30 May 2016 12:21 PM GMT

The launch of the King Salman Renewable Energy Initiative and “initial” renewable energy target of 9.5GW, announced in the “Saudi Arabia Vision 2030” paper recently, is the highest level of commitment to renewable energy, ever made by the Kingdom. The main target is to “create a more diverse and sustainable economy”, co-financed by the country’s $2 trillion Sovereign Fund.

May 26th 2016
Saudi Arabia’s ACWA Plans To Invest $12bn In Egypt For Solar And Wind Projects

Saudi Arabia’s ACWA Power intends to invest $12 billion in the Egyptian market over the course of the next five years. It plans to establish solar and wind power plants with a capacity of 4.2GW from $7.5 billion in investments. The plans include the implementation of a series of projects, including the 2.25GW capacity Dayrout power plant and three 150MW-capacity solar and wind plants. Organisations financing the projects include the Chinese Silk Road Fund, the Saudi Investment Fund and the International Finance Corporation (IFC).

May 19th 2016
“The Whole Energy Sector Is Moving From Black To Green” – Dong Energy IPO

With a potential valuation as high as $13billion, Danish wind developer DONG Energy is set to be the biggest company to raise money on European exchanges this year and the biggest ever at the Copenhagen Stock Exchange. Since its formation with a merger of the Danish state oil and gas company and five regional utilities 10 years ago, it has gone through a massive transformation to become the world’s largest offshore wind farm developer. At least 15 percent of the shares will be sold in the IPO and the Danish government, will keep 50.1 percent.

May 18th 2016
Invenergy And Empire State Agree On 600MW, $1.2Bn Of Wind Projects In New York

HVDC transmission developer Empire State Connector Corp. (ESC) has announced that the Company has a Memorandum of Understanding (MOU) with Invenergy, currently developing a portfolio of up to 600 MW of new Upstate New York wind energy generation projects, that the ESC could deliver to downstate electricity customers. The MOU could be a highly significant step in the implementation of the 50% by 2030 Clean Energy Standard under consideration by the New York State Public Service Commission.

May 16th 2016
Amid The Rise In Demand For Wind Turbines, Gamesa Gains Strength In India

Gamesa has consolidated its position as the leading OEM in India for the third year running recently. Consolidating its position, it has secured a contract for the supply of 198MW of the G114-2.0MW turbines. The Indian pipeline for this product has now been increased by 124MW and the order intake for it has reached nearly 2GW in 2015, globally.

May 6th 2016
ICCI 2016, A Platform For New Investment Opportunities

ICCI 2016 in Istanbul saw new investment opportunities for wind and solar in Turkey. Around 14.000 professionals and 279 exhibitors joined this year`s ICCI. They included big manufacturers like Siemens, GE, Suzlon, Nordex, Enercon or Goldwind and Turkish companies like Zorlu Energji. Significant opportunities for deals were opened in both Solar and Wind, as the national energy roadmap is to have 20 GW wind power installed by 2023.

May 5th 2016
€1 Billion Raised Through Green Bonds By Iberdrola For Wind Energy Projects

Iberdrola; Spain’s top electric utility, has succeeded in raising a total of €1 billion through the issuance of green bonds with the aim of refinancing onshore wind energy projects, located across Portugal, Spain, and the United Kingdom. Investors showed an overwhelming response to the bonds, as they offered investments four times greater than the issue size. Bonds were offered for 10years, at a coupon rate of 1.125%. This rate ranks among the lowest issued for bonds by the company, enabling significant savings.

April 27th 2016
611,000 PV Panels Installed As TerniEnergia Completes 82.5MW South African Plant

TerniEnergia SpA has successfully completed the PV plant in the Western Cape of South Africa, ahead of its forecasted completion date. The site of Paleisheuwel, situated across a 240-hectar area of the Western Cape Province, has employed the forces of 500 workers to install the 611,000 photovoltaic PV panels, an overall total of 101,850 structures, as well as, 7 million kg of metallic carpentry and 3000 km of electric cabling in the process. It also holds a renewable four-year contract for the operation and maintenance of the 82.5 MWp-capacity plant

April 27th 2016
Australia’s CEFC Commits US$72 Million to Bioenergy Fund

Australia’s Clean Energy Finance Corp. has committed A$100 million (US$72 million) to the new Australian Bioenergy Fund.

April 25th 2016
Canadian Solar Connects Six Solar Power Plants And Exceeds 100MWp In UK

Canadian Solar Inc., one of the world’s largest solar power companies, has announced that it has connected an additional six solar power plants, totaling 39.4MWp to the grid, bringing its total fleet of solar power plants in commercial operation in the United Kingdom to approximately 103.0MWp. The six solar power plants were connected to the grid in March 2016 under the Renewable Obligations Certificate (ROC) program. In the past 14 years, the company has successfully deployed over 14 GW of premium quality modules in over 90 countries around the world.

April 13th 2016
SolarCity, Credit Suisse Agree $150m For US Solar And Battery Storage Deployment

SolarCity Corporation has announced has announced a new $150 million non-recourse financing facility with Credit Suisse to support the deployment of commercial solar energy systems—including battery storage systems—for businesses, schools and government organizations across the United States. “Our asset portfolio enables us to continually bring in new capital from top tier institutional and corporate investors,” said Jeff Munson, Director, Structured Finance, of SolarCity.

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