Clean Energy Policy News
24 August 2016
Taiwan recently hosted the Conference on Asia-Pacific Economic Cooperation Green Energy Finance, playing a central role in promoting the financial sustainability of renewable energy while paving the way for the establishment of a low carbon economy throughout the APEC region. Staged 18–19 August in Taipei City by the Bureau of Energy under the Ministry of Economic Affairs, the conference served as a platform for exchanging related best practices, experiences and policies. It attracted about 150 representatives from local and international energy companies, financial institutions, international organizations and public sectors, including the Asian Development Bank, the Organization for Economic Cooperation and Development and the World Energy Council. Learn more.
17 August 2016
The Asian Development Bank (ADB) has lent US$115mn to Sri Lankan energy projects that will see 100% electrification of the country’s grid. The loan will be bolstered by grants worth US$3.8 million from the Japan Fund for Poverty Reduction and the Clean Energy Financing Partnership, and it will finance a range of projects. Among them will be the construction of renewable energy mini-grids, the improvement of electricity supply in areas impacted by the country’s long civil war, which destroyed substantial electricity infrastructure and those on three islands off the Jaffna coast in northern Sri Lanka. Learn more.
15 August 2016
After a period of public consultation, the Argentina Ministry of Energy presented the final specifications of the tender for 600 megawatts (MW) of wind power, 300 MW of solar, 65 MW of biomass, 20 MW of mini-hydro and 15 MW of biogas. The bidding documents are available at the website of CAMMESA (Managing Company of Wholesale Electricity Market). To purchase them, bidders must pay Argentine $150,000, which will be reimbursed to non-selected bidders. Learn more.
12 August 2016
A new report by six multilateral development banks documents that of the $20 billion in financing these banks provided for climate mitigation, 30%, or $6 billion, was dedicated to renewable energy projects. The six banks represent five continents and include the World Bank, The European Investment Bank, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank and the European Bank for Reconstruction and Development. Learn more.
11 August 2016
WFW Joins Forces with Renewable Energy Leaders to Achieve US$1.2 Trillion Global Solar Investment by 2030 »
International law firm Watson Farley & Williams (WFW) announced it has joined the Solar Energy Standardization Initiative, which aims to spur the development of solar power worldwide by harmonizing documentation and procedures to streamline the development and financing of solar projects. The initiative was launched by the International Renewable Energy Agency and global non-profit organization the Terrawatt Initiative to support the country commitments submitted under the Paris Agreement to attract roughly US$1.2 trillion in solar energy investment by 2030. Learn more.
11 August 2016
Recognizing an absence of information about smart cities, their benefits and how to achieve local change, a group of journalists and specialists of the Inter-American Development Bank have developed a practical guide called “The Road Towards Smart Cities: Migrating from Traditional City Management to the Smart City.” Learn more.
11 August 2016
On 22 April, the day the Paris Agreement opened for signature, 174 countries and the European Union signed the accord at a high-level ceremony convened by the Secretary General at UN Headquarters in New York. United Nations Secretary-General Ban Ki-moon congratulated Minister of Foreign Affairs of Kazakhstan, Erlan Idrissov, on Kazakhstan’s signing of the Agreement. As of 3 August, the Agreement has 180 total signatories. Learn more.
11 August 2016
The transport sector makes up 30% of global energy consumption, and its energy use is expected to increase. With the lowest renewable energy share of any sector and making up 25% of global carbon dioxide emissions, there is a growing urgency in finding ways to supply the energy we need to get around, in a sustainable manner. This challenge is the focus of a newly released IRENA working paper that lays out a renewable route to a more sustainable transport future. Learn more.
11 August 2016
The U.S. Trade and Development Agency (USTDA) is expanding its investments in sustainable energy projects across sub-Saharan Africa. An implementing agency of both the Power Africa and U.S.-Africa Clean Energy Finance (US-ACEF) initiatives, USTDA invests in project preparation activities designed to generate renewable and gas-fired power, modernize electric grids and increase energy efficiency. The Agency’s programs are available to help African project sponsors prepare bankable clean energy projects. Interested project sponsors in sub-Saharan Africa—or U.S. companies working with African project sponsors—should submit an initial proposal (not to exceed five pages) to USTDA no later than Monday, September 26, 2016 at 5 p.m. Eastern Time to be considered for funding. To get further information and begin the proposal process, please contact PowerAfrica@ustda.gov. Proposals will be considered for funding under both Power Africa and US-ACEF. Learn more.
8 August 2016
India’s largest power generation company, publicly owned NTPC Limited, has issued a green bond months after the government directed several companies to raise funds to finance renewable energy projects. NTPC Limited recently reported to the Indian bourses that it raised Rs 2,000 crore (US$300 million) through Green Masala bonds now listed at the London Stock Exchange. The company offered overseas investors an attractive annual coupon rate of 7.48%. Green Masala bonds are rupee-denominated bonds issued to overseas investors. Learn more.