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 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 20th 2016
SPI Energy From China, Completes And Grid Enables 2.4MW PV Plant in Japan

Located 50km north of Tokyo, the utility-scale Nishiura PV plant covers a total land area of 26,562 square meters and will produce around 3 million kWh of solar electricity per year. The power generated by the 2.4 MW solar park will be sold to a Japanese company under a 20-year power purchase agreement for 831.6 million yen, under which the project will receive 32 yen/kWh of electricity produced under Japan’s feed-in tariff (FIT). SPI Japan owns 100% of the project and will oversee all operations and maintenance requirements of the plant over the course of its lifetime.

July 14th 2016
Energy Generation: IEA Finds Notable Growth In Renewables, Decline in Coal, Oil

The International Energy Agency (IEA) shared that energy generation from renewable energy sources grew by 16% across the 34 nations of the Organization for Economic Cooperation and Development (OECD) in 2015. A 1% decrease in combustible fuels was also noticed; such as coal, gas, and oil, as well as combustible renewables and waste energy sources.

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.

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June 26th 2016
Flagship Scottish Offshore Wind Project, A Model For Bringing Interests Together

Beatrice Offshore Windfarm, off the coast of Caithness, will create 900 jobs and generate 588MW of power once operational in 2019. Hailed as the “flagship project for the Scottish offshore wind industry”; it’s claimed that the £2.6bn project will be one of the largest private investments ever made in Scottish infrastructure. Lang Banks, director of conservation group WWF Scotland says that: it’s “great news for the climate and Scotland’s economy, this single project will almost quadruple our offshore wind capacity, helping to reduce our greenhouse gas emissions as well as creating jobs and supporting local economic renewal.”

June 19th 2016
Major Development From Nissan Can Boost EV Battery Life, Extend Driving Range

Nissan has reached a major breakthrough with its new lithium ion battery generation, which will significantly extend the driving range of zero-emission electric vehicles. As car batteries are continually charged and depleted, overall battery capacities begin to diminish, eventually leading to battery replacement. It remains one of the many issues affecting electric vehicles, however, Nissan believes they may have found the solution by using silicon.

June 17th 2016
Indian Railways Commences Trial For Its First Solar Panel-Powered Train

India has moved one step closer to the goal of using purely solar-powered trains in the near future. The Indian train system is the fourth largest in the world and Indians are heavily dependent on the railways. Due to the large population, more and more trains are being utilised to keep up with the ever-increasing demand, which means more electricity. Studies show that trains using solar power can reduce diesel consumption; bring down CO2 emissions and additionally, solar and further alternative sources of energy can save on expenditure significantly .

June 6th 2016
A World After Oil: Saudi Arabia Plans $2 Trillion Fund Transforming Its Economy

Saudi Arabia is planning to create a $2 trillion sovereign wealth fund to reduce the country’s reliance on oil and fundamentally change its economy. The fund will then be in a position to buy the four largest publicly traded companies in the world; among them Apple Inc., Alphabet Inc. (Google parent company), Microsoft Corp. and Berkshire Hathaway Inc. and still be left with over a billion remaining. It’s a vision driven by the Deputy Crown Prince Mohammed bin Salman of Saudi Arabia who stated “undoubtedly, it will be the largest fund on Earth.

May 30th 2016
Masdar Boosts Small-Scale Projects In Remote Pacific Islands With $50Mn Fund

Abu Dhabi’s state-owned renewable energy company Masdar has announced the inauguration of a series of renewable energy projects in the Pacific Island countries and territories, made possible by the $50 million UAE-Pacific Partnership Fund (UAE-PPF). The projects are designed to drive economic growth and sustainable development across the islands, in addition to job creation and capacity-building efforts. Highlights included cyclone-proof wind turbines, space-optimising solar solutions, and plants providing 50 percent of local energy requirements.

May 26th 2016
Unprecedented Unity As Record Numbers Of Nations Sign Climate Change Agreement

To enter legal force, the Paris Agreement needs a minimum endorsement from 55 countries, representing no less than 55% of greenhouse gas emissions. The World Resources Institute states that with more than 171 countries signing, these represent a total of 93% of global emissions. Among the most welcome surprises were the world’s biggest greenhouse gas emitters; China, India, Brazil and the US, who all signed the treaty. The volume of first-day-signatures broke the record held by any international treaty to date.

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