ees 2019
24 January 2016 2016 01:36 AM GMT

EIB Sets Up US$174 Million Financing for Akuo Energy’s Projects

The European Investment Bank will offer as much as €164 million (US$174 million) in financing for nine renewable energy projects developed and run by Akuo Energy in France.

The credit line made available by the EIB could reach 50% of the total cost of the investment of €329 million. The financing deal involves the participation of a number of commercial banks acting as banking intermediaries. The first five-project phase will be structured by Natixis Energeco. Details of the projects were not revealed.

The EIB has decided to make credit lines available under particularly attractive financial terms in order to support the development of major projects helping increase the use of renewable energy. The nine projects were chosen with the EIB following an extensive audit of the Akuo Energy group and each individual project.

“We welcome the implementation of major initiatives such as these by players as emblematic as the European Investment Bank,” said Eric Scotto, co-founder and Chairman of Akuo Energy. “This initiative provides a substantial improvement in the cost of funding our projects, and will therefore significantly contribute to the development of renewable energies.”

November 27th 2018
Solar And Wind Provide 100% Of New Generating Capacity Additions In September

US – According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), solar and wind were the only energy sources adding new capacity to the U.S. electricity generation mix in September. Three “units” of new wind accounted for 363-MW while nine units of solar provided 339-MW.

November 30th 2018
Senvion Consolidates With Bhuj Wind Farm: Total Order Book In India Exceeds 1GW

Senvion has signed a conditional 300 MW contract with alfanar on the supply and installation of 131 Senvion 2.3M130 turbines for the Bhuj Wind Project. alfanar is one of the leading developers for clean energy in Asia, Africa and Europe. The wind project in Gujarat is part of the Round 5 bidding of Solar Energy Corporation of India Limited – a company of the Ministry of New and Renewable Energy, Government of India.

May 20th 2018
European Parliament Gives A Resounding Vote In Favour Of Clean Energy In Europe

European lawmakers have called for a renewable energy target of 35% for 2030 – rather than the 27% which the European Commission proposed in 2016. The MEPs have now backed measures substantially raising the European Union’s clean-energy ambitions. By 2030, more than one-third of energy consumed in the EU should be from renewable sources such as wind and solar power. The measures are intended to help cut carbon dioxide emissions. The EU is the world’s third-largest emitter of greenhouse gases after China and the United States, releasing about 10% of global emissions. 

November 28th 2018
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

November 19th 2018
US: EIA Data Shows Renewables Outpacing Nuclear Power In Electrical Generation

The latest data from the U.S. Energy Information Administration (EIA) is showing that electrical generation by renewable sources has edged past nuclear power. Additionally, wind and solar now provide 10% of the nation’s electricity, overall; with solar alone surpassing biomass and geothermal combined. Significantly, solar now triples electrical generation by oil. In addition, the data reveals that solar and wind both showed strong growth with solar (i.e., utility-scale + distributed PV) expanding by 27.6% and wind by 11.2%. Combined, they accounted for nearly a tenth of the nation’s electrical generation.

December 3rd 2018
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

January 10th 2018
US: Doubling Of Wind & Solar Capacity Possible By 2020 as Coal & Nuclear Drop

In the latest issue of its “Energy Infrastructure Update” (with data through November 30, 2017), the Federal Energy Regulatory Commission (FERC) notes that proposed net additions to generating capacity by utility-scale wind and solar could total 115,984 megawatts (MW) by December 2020 – effectively doubling their current installed capacity of 115,520 MW.  The numbers were released as FERC prepares for a January 10 meeting to consider U.S. Department of Energy Secretary Rick Perry’s proposal for a bailout of the coal and nuclear industries.

December 6th 2017
Renewables Provide 17.8% Of Total US Electricity. Solar Now 2.0% And Wind 6.0%

According to the latest issue of the U.S. Energy Information Administration’s (EIA) “Electric Power Monthly” report, U.S. electrical generation from renewable energy sources (i.e., biomass, geothermal, hydropower, solar – inc. distributed solar, wind) rose by 14.69% during the first three-quarters of 2017 compared to the same period in 2016. Simultaneously, electrical generation by fossil fuels and nuclear power combined declined by 5.41%. Nuclear power and coal both dropped by 1.5%, natural gas (including “other” gas) was down by 10.7%, and oil (i.e., petroleum liquids and petroleum coke) plunged by 17.1%.

August 10th 2018
Major Role For WorleyParsons’ Advisian On World’s Largest Solar Power Project

Noor Energy 1 has appointed Advisian, the global consulting firm of WorleyParsons, as Owner’s Engineer for the concentrating solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 700MW project will be the largest of its kind in the world and as an Owner’s Engineer, Advisian will protect the owner’s interests by ensuring all contractors are adhering to project specifications. It will also provide a review of the basic and detailed engineering, manage risk and provide technical support during construction & commissioning of the plant.

November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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