Clean Energy Policy News

30 November 2016
The International Smart Grid Action Network (ISGAN) has been busy recently. A recent collaborative event series, organized by ISGAN and the 21st Century Power Partnership (21CPP), focused on Mexico’s path towards smart grids and grid modernization. Learn more.
25 November 2016
Three Loan Agreements to support Ghana's renewable energy agenda and strengthen the financial management capacities of the Ghana Revenue Authority and the Ghana Audit Service have been signed in Accra. The agreements, involving a total amount of 40.82 million euros (approx.176 million GH¢, 43.51 USD), are the Ghana Audit Service Infrastructure Project costing 13 million euros (approx. GH¢ 56 million, 13.86 ,million USD), the Ghana Revenue Authority Information Technology Training Institute project costing 5 million euros (GH¢ 21.5 million, 5.33 million USD), and a Renewable Energy Programme—Photo Voltaic Project—at the cost of 22.82 million euros (approx. GH¢ 98 million, 24.32 million USD ). The German government, through Kreditanstalt Fur Wiederaufbau (KfW), Germany's leading development bank, is funding the three projects. Learn more.
25 November 2016
At the recent COP 22 in Morocco, USAID announced $4 million funding to eight companies that are revolutionizing household solar power across Africa through the Scaling Off-Grid Energy: Grand Challenge for Development scheme. The funding is significant because it concerns a risky fragment of Africa’s solar energy. USAID added that the platform provides seed funding to solar start-ups to support geographic expansion throughout Africa, test new business models and tap into private and public financing, and that the new $4 million fund is expected to create up to 120,000 additional connections in off-grid communities. Learn more.
25 November 2016
One of India’s leading independent power producers in the renewable energy sector—ReNew Power Ventures Limited—has raised funds after issuing green bonds. According to a press release issued by ReNew Power Ventures, non-convertible debentures worth Rs 500 crore (US$74 million) were issued to investors. The bonds issue has been certified by the Climate Bonds Initiative. The funds raised through the green bonds will be used exclusively for setting up two wind energy projects in the state of Madhya Pradesh. Learn more.
23 November 2016
The European Bank for Reconstruction and Development (EBRD) and European Union (EU) are stepping up their support to the sustainable use of resources in Kyrgyzstan by launching the next phase of the Kyrgyz Sustainable Energy Finance Facility. The EBRD offers US$ 35 million in loans to local partner banks for on-lending to both local residents and small and medium-sized enterprises, while the EU supports these investments with more than US$ 9.7 million in grants. Learn more.
23 November 2016
The European Bank for Reconstruction and Development (EBRD) and the Union for the Mediterranean (UfM) have teamed up to mobilize up to EUR 834 million (USD 892.86 million) in financing for the development of private renewable energy projects in Egypt, Jordan, Morocco and Tunisia. Financing will be accompanied by targeted technical cooperation support for the implementation of renewable energy projects in the region that aim to avoid 780,000 tonnes of CO2 emissions annually. Learn more.
22 November 2016
Bringing together European banks and UN funding, the new Sustainable Finance Collective Asia will offer capital and expert advice for sustainability projects. Learn more.
22 November 2016
The European Investment Bank has confirmed plans to strengthen support for the Green for Growth Fund to enable new investment in small-scale energy efficiency and renewable energy projects across North Africa, in Morocco, Egypt and Tunisia, as well as in Lebanon, Jordan and the Palestinian Territories. Expanded geographic engagement of the specialist climate fund to the southern Mediterranean region will focus investment on projects that can generate high energy savings and significant carbon dioxide reduction in countries that have high levels of fossil fuel use, limited renewable energy and restricted implementation of energy efficiency schemes. Learn more.
21 November 2016
Recognizing the importance of reducing carbon emission in the transportation sector, eight nations signed a Government Fleet Declaration on November 16, pledging to increase the share of electric vehicles in their government fleets and calling for other governments to join them. The declaration was announced at the Marrakech Climate Change Conference (COP22) and was developed under the aegis of the Clean Energy Ministerial’s Electric Vehicles Initiative. Learn more.
18 November 2016
The World Bank this week announced an additional grant of USD 22.93 million (EUR 21.6m) to support its grid-connected rooftop solar photovoltaic programme in India. The bank approved the overall USD 625 million programme, under which the State Bank of India on-lends funds to solar developers and end-users, earlier this year. The programme mainly supports commercial and industrial rooftop solar projects. Learn more.