Benelux_Infrastructure_Forum_171
27 July 2016 02:21 PM GMT

One of India’s largest foreign investors in its power sector, CLP India Pvt. Ltd intends to enter the solar energy sector in order to grow the number of shares it holds in renewables. The Hong Kong-listed CLP Holdings Ltd unit is planning a $1 billion investment in return for 1GW of solar power capacity during the next 3-5 years. In order for India to meet its 2022 target of 100GW of solar power and 60,000MW of wind power, the country will need as much as US $200 billion. As a result, global investors, international renewable energy companies, and pension funds are flocking to India.

July 27th 2016
$345 Million Raised By SolarCity In June And July For New Solar Projects

In addition to the $345 million raised in June and July, SolarCity’s capital markets team has raised more than $1.5 billion in project financing to date in 2016. Investment in rooftop and other small-scale solar is expected to attract $3.4 trillion over the next 25 years, according to Bloomberg New Energy Finance. The company is also evaluating how the installation of the smart inverters and battery storage systems for residential rooftop solar customers can enhance grid stability and power quality.

July 25th 2016
EON Advances Grid Stability With 10MW TEP Energy Storage Agreement

E.ON Climate & Renewables North America today announced it signed an agreement with Tucson Electric Power (TEP) to provide frequency response and voltage control from a grid-scale, 10(MW) battery energy storage facility with a 2 MW solar array. The Iron Horse Battery Energy Storage Project will be located adjacent to theUniversity of Arizona Science and Technology Park southeast of Tucson. The project is expected to be completed in the first half of 2017.

July 20th 2016
SoftBank Investment In India Could Exceed $10 billion. Emphasis On Clean Energy

With a series of investments in India already, SoftBank claims its investments in the country will exceed $10 billion during the next 5 to 10 years. Masayoshi Son, Chairman, and CEO of SoftBank stated that the Japanese telecom and internet giant will make its first $350 million investment in a solar project in India. “We have already invested US $2 billion and we are interested in investing more,” he said. “India has a great future. We are interested in investing in Internet companies and also in solar energy. We would make strong commitments.”

July 12th 2016
Siemens And Pattern Combine For Major Wind Power Plant In New Mexico And Texas

Siemens (Wind Power and Renewables Division) has agreed with Pattern Energy Group LP to deliver, install and service a total of 141 wind turbines for the Broadview Wind project. The project combines two adjacent projects in New Mexico and Texas with a total installed capacity of 324 megawatts (MW). Siemens Financial Services Division will provide loans for the project totalling nearly $100m. The project is expected to supply about 180,000 average U.S. homes and Siemens is expected to commence installation this month.

GWEC_STATS_LB_171  
July 1st 2016
Sunnova Energy Secures $175m From Goldman Sachs In The Growing US Solar Economy

The capital secured with Goldman Sachs ensures Sunnova’s continued growth in the US residential solar market and the company will use the funds for its expansion plans. It has a strategy of partnering with local installers to invest in assets, in order to provide affordable solar power, while creating job opportunities across the US. CEO John Berger stated, “our focus on profitable, scalable growth and a well-capitalised company has established Sunnova as a clear leader in the rapidly growing solar economy and Goldman Sachs’ financing will allow us to continue… bringing consumers a cost-effective, clean choice for their electricity.”

June 27th 2016
Dramatic Entry In Solar Sector From Hong Kong-Listed CLP; Invests $1Bn In India

One of India’s largest foreign investors in its power sector, CLP India Pvt. Ltd is to enter the solar energy sector to grow its renewables share. The company is planning a $1Bn investment for 1GW of solar power capacity during the next 3-5 years. India has a 2022 target of 100GW of solar power and 60GW of wind power, thus the country needs as much as US $200Bn. As a result, global investors, clean energy companies, and pension funds are flocking to India.

June 24th 2016
Chile Emerges As The Clean Energy ‘Tiger’ Of Latin America

Chile now plays host to the largest PV plants in Latin America. According to a CIFES report, the first quarter of the year saw an increase of around 254MW in solar, in addition to 6MW wind and small hydro and biomass projects. With this, the country continues to hold its position as the largest solar market in Latin America. While 10% of Chile’s power demand is now successfully met through renewable energy, their current volume is set to double under mandates set by new legislation, setting a new objective of 20% renewable energy in 2025, as well as further targets during the preceding years.

June 19th 2016
Stunning Growth of Clean Energy In Mexico

The recent state power auction in Mexico awarded 5.38 million megawatt-hours of energy to renewable energies; solar won 74 percent and wind won the remaining 26 percent. Solar in Mexico will now grow by an astonishing 521 percent in 2016, far exceeding projections made only months earlier. With the concentration of project developers in the country now matching the strategic objectives of its government, Mexico has the resources to become a strong and internationally significant clean energy hub.

May 30th 2016
Saudi Arabia, Vision 2030 – Setting a Target Of 9.5GW Of Wind And Solar Energy

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).

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