Clean Energy Policy News

31 October 2016
Offshore wind power has the potential to grow from just 13 gigawatts (GW) in 2015, to 100 GW in 2030, according to new analysis from the International Renewable Energy Agency (IRENA). Innovation Outlook: Offshore Wind, launched today at the World Wind Energy Conference in Tokyo, provides an overview of the future developments that will drive the offshore wind power boom, including technology advancements and further cost declines. Learn more.
31 October 2016
The Australian Government and the International Energy Agency (IEA) have agreed to work together on Australia’s review of energy security following a full regional black out in South Australia. Learn more.
28 October 2016
New Zealand’s Energy Efficiency and Conservation Authority will provide a total of NZ$2 million ($1.86 million) worth of government loans to help universities, councils and hospitals get started on renewable energy projects. The authority has launched its latest funding round for low-cost, interest-free loans to finance investments in improving energy efficiency and adopting renewable energy technology. Learn more.
27 October 2016
Brazil and the United States launched the Brazil Innovation Lab for Climate Finance (Brazil Lab) to catalyze innovative financing models designed to quickly deploy low-carbon solutions. The Brazil Lab builds on the experience of the Global Innovation Lab for Climate Finance (Global Lab), aiming to complement existing climate finance mechanisms and Brazil's Nationally Determined Contribution (NDC) implementation efforts. The Brazil Lab will bring together experts from both the public and private sector (Members) to screen proposals and provide mentoring, advice and networking for selected proposals. The Brazil Lab will draw on the experience and expertise of its Members and CPI to identify, design, and pilot the next generation of climate finance instruments in Brazil. The first call for Brazil-focused proposals is open through December 16, 2016 (www.climatefinanceideas.org). Proposals will be selected in accordance with the criteria established by the Global Lab and whether they have the potential to support implementation of Brazil’s NDC. The Brazil Lab Management Committee will reach out to prospective Brazil Lab Members to build a panel that reflects diverse expertise and institutional backgrounds (multilateral development banks, public private sector, government agencies, public/private development banks). Learn more.
27 October 2016
A one-week series of workshops designed to support the deployment of renewable energy in Central America will conclude tomorrow in Panama City. Led by the International Renewable Energy Agency (IRENA), this first-of-its-kind effort convened key energy stakeholders to tackle the challenge of integrating more renewable energy into regional power systems. Participants included Central American Integration System Member States, regional and national electric utilities, distributors, operators, regulatory authorities and other power system players. Learn more.
27 October 2016
During the recent ECOWAS Sustainable Energy Week held in Accra, Ghana, the Private Financing Advisory Network launched its third annual West Africa Forum for Clean Energy Financing business competition. The competition is open to all businesses and entrepreneurs operating and registered in any of the ECOWAS countries as well as foreign individuals and entities with projects in those countries. Only clean energy proposals requiring an initial capital investment in excess of US $1 million are eligible. Representatives of shortlisted projects will attend a project development and financing workshop and will receive free individual professional mentoring to further develop their business plans. Submissions are due 12 December 2016. Learn more.
26 October 2016
The Renewable Energy Buyers Alliance (REBA) aims to grow corporate demand for renewable power and help utilities and others meet it. REBA commits to make the transition to renewable energy easier by helping companies understand the benefits of moving to renewables, connecting corporate demand to renewable energy supply, and helping utilities better understand and serve the needs of corporations. REBA works across customers, suppliers, and policymakers to identify barriers to buying clean and renewable energy and then develop solutions that meet rapidly growing corporate demand. REBA’s goal is to help corporations purchase 60GW of additional renewable energy in the US by 2025. REBA is led by four non-profit organizations: World Wide Fund for Nature, World Resource Institute, Rocky Mountain Institute, and Business for Social Responsibility. Learn more.
25 October 2016
The European Bank for Reconstruction and Development (EBRD) is providing USD 55 million (EUR 45.9 million) to Turkish lender Isbank to finance renewable energy and resource efficiency projects. The financing will benefit projects in solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency as well as water saving and waste minimization projects. It is part of the EBRD’s recently expanded Mid-size Sustainable Energy Financing Facility, which now totals EUR 1.5 billion. So far, 50 projects have been financed through seven Turkish banks under the facility, helping to build over 900 megawatts of renewable energy capacity. Learn more.
25 October 2016
Yes Bank, a private bank headquartered in the western Indian state of Maharashtra, recently announced that it will raise Rs 330 crore (USD 49.5 million) by issuing a Green Infrastructure Bond to FMO, the development bank of Netherlands. The funds raised through this exercise will be used by Yes Bank to provide debt financing to solar and renewable energy projects in India. The use of the revenue raised will be verified through a third-party audit, and an external annual review along the lines of Green Bond Principles 2016 will take place. Yes Bank has pledged to finance five gigawatts of renewable energy capacity in India over the next few years. Learn more.
25 October 2016
The International Energy Agency said today that it was significantly increasing its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions. Renewables surpassed coal last year to become the largest source of installed power capacity in the world. Learn more.