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Author Archives: Joshua S Hill

India’s New 227 Gigawatt Renewable Energy Target Is Ambitious, Challenging, But Possible, Says IEEFA

June 12th, 2018 | by Joshua S Hill

The announcement earlier this month from India's power and renewable energy minister RK Singh that his country will increase its interim renewable energy target from 175 gigawatts (GW) by 2022 up to 227 GW has been heavily lauded, and though it "does look excessively ambitious," according to Tim Buckley from the Institute for Energy Economics and Financial Analysis, he nevertheless believes it is possible. 

ENGIE Acquires LANGA Group To Cement French Renewable Leadership

June 8th, 2018 | by Joshua S Hill

French electric utility ENGIE announced this week that it has finalized the acquisition of local solar and wind power producer LANGA Group and its portfolio of operational and pipeline projects worth 1.5 gigawatts (GW) in a move which is intended to cement ENGIE's leadership in the French renewable energy industry. 

Chinese Solar Shift Rewrites 2018 Forecasts, Prices Expected To Fall By 35%

June 7th, 2018 | by Joshua S Hill

Highlighting the global solar industry's reliance upon the Chinese market, a decision by the country to curtail solar development in 2018 in an effort to prevent oversupply has resulted in significantly revised forecasts for the Chinese and global solar market in 2018 and expectations that solar module prices will fall by 35%. 

US Still Subsidizing Fossil Fuels To Tune Of $27 Billion

June 6th, 2018 | by Joshua S Hill

New research has shown that the United States continues to subsidize the production and consumption of fossil fuels to the tune of $27 billion, despite repeated pledges since 2009 to phase out fossil fuel subsidies

Desert To Solar Program Aims To Expand Solar In African Sahel Region

June 5th, 2018 | by Joshua S Hill

The African Development Bank, the Green Climate Fund, and the Africa50 investment fund signed a letter of intent on the sidelines of annual meetings late May that will see the three international organizations collaborate on the Desert to Power Program, an initiative aimed at developing solar throughout the Sahel region of Africa. 

Royal Bank Of Scotland Introduces New Policies Halting Oil & Coal Project Financing

June 4th, 2018 | by Joshua S Hill

The Royal Bank of Scotland announced a new suite of energy financing policies at the end of May, which are designed to substantially reduce the bank's exposure to fossil fuel investments and includes halting project-specific financing for new coal-fired power stations, coal mines, and oil sands and Arctic oil projects. 

Failure To Mitigate Climate Change Could Cost Trillions, Finds Stanford Study

May 30th, 2018 | by Joshua S Hill

A team of researchers from Stanford University have determined that failure to meet climate mitigation goals set out in the Paris Climate Agreement could cost the planet trillions over the next century, highlighting less the climate and environmental benefits of achieving these targets but more the economic risks attendant with ignoring these targets. 

Swiss Equity Firm Commits To 1.3 Gigawatt Australian Renewable Energy Platform

May 29th, 2018 | by Joshua S Hill

Swiss private equity firm Partners Group has announced that it is investing AUD$700 million in the development of the Grassroots Renewable Energy Platform in Australia, a 1.3 gigawatt (GW) renewable energy platform which will be made up of wind, solar, and battery storage assets built across the country in the next four years. 

Facebook Signs 294 Megawatt Wind PPA To Power Nordic Data Centers

May 25th, 2018 | by Joshua S Hill

Facebook has this week signed a 294 megawatt (MW) Power Purchase Agreement (PPA) with asset manager Luxcara and Swedish power company Vattenfall to secure the electricity generated from three wind farms located in southwest Norway to power the company's Nordic data centers. 

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