Clean Energy Policy News

11 October 2016
Until a few years ago, residents of the Cato Manor Township, in Durban, South Africa, suffered from the significant health and safety risks that come from regularly burning fires indoors. Nearly half the homes were using paraffin for cooking and heating, along with other fuels like wood and coal. They had no access to hot water, and they were struggling to pay their power bills. But, thanks to a programme rolled out in 2011, some residents saw their quality of life improve dramatically as the Green Building Council of South Africa and the World Green Building Council set out to retrofit 30 local low-income houses with a range of energy efficiency improvements. Learn more.
10 October 2016
As governments focus on implementing their commitments to save energy and reduce carbon emissions under the recently ratified Paris agreement, a new report from the International Energy Agency (IEA) highlights the progress made by energy efficiency policies around the world over the past year, particularly in China and other emerging economies. Learn more.
10 October 2016
Uganda’s Tororo solar photovoltaic (PV) project has received a $14.7 million senior loan from the Dutch development bank, FMO. Located in eastern Uganda, the plant will be developed and owned under the expertise of Italian firm Building Energy, which will be responsible for constructing and operating the power plant. The bank acted as Mandated Lead Arranger of the $14.7 million facility, of which 50% was syndicated to the Emerging Africa Infrastructure Fund. Learn more.
7 October 2016
South Korea’s KTC Co. signed a deal worth $820 million with Iran’s Investment and Economic Development Committee to build a solar plant and a wind farm in Iran. KTC is to establish the solar plant in the southern city of Fasa and the wind farm in the southeastern city of Zabol. Based on the first agreement between KTC and Iran’s Green Energy Company, the Korean company will finance $220 million to build a 100-megawatt (MW) wind farm in Zabol. Also, $600 million will be allocated to a 200-MW solar plant in Fasa according to the second agreement signed between Shiraz’s Azad University and KTC. Learn more.
7 October 2016
The Australian Clean Energy Finance Corporation (CEFC) and Commonwealth Bank have launched a $100 million Energy Efficient Equipment Finance program to provide Australian businesses and not-for-profits with lower-cost finance for energy efficiency assets. The program will support business investment in energy efficient and lower emissions vehicles, equipment, machinery and fixtures that meet the CEFC’s investment guidelines. Approved borrowers will gain a 0.7% discount on the bank’s standard asset finance rate on amounts between $10,000 and $5 million, where technologies meet the CEFC’s investment guidelines. Eligible investments include fuel-efficient vehicles, energy efficient lighting and fittings, farm machinery, commercial lighting and rooftop solar panels. Learn more.
6 October 2016
Join the Clean Energy Solutions Center in Miami, Florida, for the Caribbean Renewable Energy Forum, 17 October to 19 October. The Solutions Center will host a breakfast forum from 7:30 to 9 a.m. on 19 October in the Sandringham room. The Breakfast Forum will focus on clean energy policy, finance and implementation and feature lively discussion with Caribbean leaders and Solutions Center experts. Panelists will offer practical strategies with a special focus on unlocking finance and human capital resources in the region. Learn more.
4 October 2016
The U.S. Agency for International and four local private commercial banks agreed to partner for clean energy projects in Pakistan. In a statement released by U.S Embassy in Pakistan, approximately $88 million in financing will become available through this agreement to support the development of the clean energy sector in Pakistan. Partner banks will be able to extend debt financing to smaller scale clean energy projects, developers, and companies or to households and businesses purchasing clean energy equipment. This 15-year partnership will provide up to a 50 per cent guarantee for loans made for clean energy projects. Learn more.
4 October 2016
The Asian Development Bank (ADB) is set to grant $500 million in financing to India’s Punjab National Bank to help fund the development of rooftop solar systems. The funding, which is expected to help the Indian government to expand renewable energy access, comprises $330 million from ABD while the remaining $170 million will be from the ADB-administered multi-donor Clean Technology Fund. The loan will be used by the Punjab National Bank to fund various developers and by end users to install rooftop solar systems throughout India. Learn more.
4 October 2016
Organizations that have an ISO 50001-certified energy management system may compete for prestigious awards from the Clean Energy Ministerial (CEM). Announced today, the 2017 CEM Energy Management Leadership Awards will raise global awareness of the benefits of energy management and accelerate uptake of these systems to support corporate, national and global climate goals. Learn more.
4 October 2016
The Clean Energy Ministerial has released a new report summarizing key outcomes from the four public–private roundtables held as part of the seventh Clean Energy Ministerial (CEM7) in San Francisco, California, United States, in June 2016. Public–Private Roundtables at the Seventh Clean Energy Ministerial captures the key messages and recommendations of the government, private-sector and other global leaders who participated in the discussions. Learn more.