Clean Energy Policy News

14 November 2016
The Overseas Private Investment Corporation announced $125 million in financing commitments to bring renewable energy to El Salvador and India, including $50 million towards a series of eight utility-scale solar PV projects in El Salvador and $75 million for a utility-scale PV project in the Indian state of Telangana that is sponsored by ReNew Power Ventures. The Overseas Private Investment Corporation, the U.S. Government’s development finance institution, and the Government of India will formally launch a $20 million distributed solar facility in partnership with leading philanthropies and the Government of India. Learn more.
11 November 2016
With COP22 well underway in Morocco, the north African's Agency for Solar Energy (MASEN) has confirmed the country’s first green bonds for renewable energy. The bond issue, which MASEN is leading with a $100 million bond for three solar projects, will form part of the Noor 170-megawatt solar plant dubbed Noor PV 1, which will consist mainly of concentrating solar thermal power. Learn more.
11 November 2016
The African Development Bank (AfDB) has approved a EUR 900 million (USD 994.2 million) loan to Algeria that will benefit renewable energy and other projects. The loan will finance projects under the country’s Industrial and Energy Competitiveness Support Programme, which aims to improved the investment climate in Algeria by improving the framework for private economic initiative and activities—foreign as well as local—and by promoting efficiency of the energy sector and renewable energy project development. Learn more.
11 November 2016
At the 22nd Conference of the Parties to the United Nations Framework Convention on Climate Change, a panel of experts discussed how innovative financing solutions and closer stakeholder engagement can help developing countries reach and exceed the targets set in their Nationally Determined Contributions under the 2015 Paris Agreement and how to ensure small and medium-sized enterprises play a meaningful and central role in the effort. The panel included high-level representatives from the public and private sector. Learn more.
8 November 2016
Buoyed by rapid technology cost reductions and the consolidation of renewable energy policies, Latin America hosts some of the world’s most dynamic renewable energy markets, according to a new report by the International Renewable Energy Agency (IRENA). Renewable Energy Market Analysis: Latin America finds that the region—endowed with some of the world’s best renewable resources—has an unprecedented opportunity to accelerate the uptake of renewables across all sectors. Learn more.
7 November 2016
A new report from the International Finance Corporation shows that the historic Paris Agreement helped open up nearly USD 23 trillion in opportunities for climate-smart investments in emerging markets through 2030. Learn more.
4 November 2016
On 25 October, the Swedish female network Kraftkvinnorna, or “Power Women”, hosted its first Power Woman of the Year award ceremony in Stockholm. Power Women, created in the spring of 2015, works to promote and support female advancement and attract women to the Swedish energy sector. Learn more.
4 November 2016
Mexico’s wide-ranging energy reform, which began in 2013, is expected to reverse the country’s declining oil production, increase the share of renewables in the power sector and slow the growth in carbon emissions, providing a solid foundation for robust economic growth in the coming decades, according to the International Energy Agency. Learn more.
2 November 2016
The Indian government and three state-run firms will jointly set up an equity fund of up to $2 billion for renewable energy companies to tap to help New Delhi meet its clean energy goals. India's government hopes the Clean Energy Equity Fund will attract pension and insurance funds from Canada and Europe. Around $600 million of the initial pool will come from the National Investment and Infrastructure Fund, under the finance ministry, and the rest will come from state entities NTPC Ltd, Rural Electrification Corp and the Indian Renewable Energy Development Agency. Learn more.
2 November 2016
A new facility has been introduced in Indonesia that will be used to promote economic development to stimulate green growth and improve rural livelihoods. The Tropical Landscapes Finance Facility, which consists of a loan fund and a grant fund, aims to achieve climate targets set under the Paris Agreement. It will make public funding available to finance renewable energy production and sustainable landscape management. Learn more.