Ukraine Turns Up The Heat On Renewable Energy War
Ukraine gets an important new renewable energy investor, further raising the pressure on Russian and the fossil energy economy.
European Bank for Reconstruction and Development
15 Leading International Organizations Announce Joint Climate Neutrality Commitment At COP24
A group of 15 leading international organizations, including six global development banks, announced on the sidelines of the COP24 UN climate change conference a joint commitment to make their operations climate neutral.
Newest Solar Tenders In Egypt Come In Under 3 Cents Per kWh
The latest round of bids for utility scale solar projects in Egypt have come in at less than 3 cents per kWh. Are we approaching the point where renewable energy will be too cheap to meter?
World’s 6 Largest Multilateral Development Banks Committed $35.2 Billion To Climate Financing In 2017
The world’s six largest multilateral development banks committed $35.2 billion to climate financing for developing and emerging economies in 2017, a new record seven-year high and up 28% on 2016.
Vestas Secures First Wind Order In Kazakhstan
Vestas Wind Systems announced Monday that it has secured its first wind turbine order in Kazakhstan, from one of the country’s leading renewable energy developers, CAPEC Green Energy, for the 52 megawatt Astana wind project.
EBRD Offers $458 Million In Loans For 750 Megawatts Of Solar Projects In Egypt
The European Bank for Reconstruction and Development (EBRD) has offered more than $450 million to various project developers planning to set up utility-scale solar power projects in Egypt.
Renewable Energy Projects Secured $6 Billion From Multilateral Banks In 2015
Renewable energy projects across the world received funding worth $6 billion in 2015 from multilateral banks, a recent report has revealed. The World Bank, The European Investment Bank (EIB), the Inter-American Development Bank (IDB), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the European Bank for Reconstruction … [continued]
MDB Climate Financing Totals $81 Billion In 2015
A total of $81 billion in climate financing was mobilised for projects being funded by the world’s six largest multilateral development banks, according to a new report. According to the new report, the 2015 Joint Report on Multilateral Development Banks’ Climate Finance, the total $81 billion dedicated to financing climate change … [continued]
Vestas Signs Order For 120 MW Khalladi Wind Park In Morocco
Vestas Wind Systems confirmed this week that it had signed a firm and unconditional order to supply wind turbines to the 120 MW Khalladi wind park being developed in northern Morocco. The announcement was originally rumored late 2015, but only confirmed this week, when Danish wind energy giant Vestas Wind … [continued]
EBRD, IFC Acquire Stake In Turkey’s Akfen Renewable Energy
Turkey’s budding renewable energy sector has attracted another major financial boost, with two of the leading multi-lateral banks picking up stake in a private renewable energy developer. The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) have picked up a stake in Akfen Renewable Energy, a … [continued]
