IFC anchors green bond for 5 GW of renewables in east Asia and Pacific

World Bank sister organization the IFC has made a $75 million commitment to a green bond recently issued by Philippines based developer AC Energy. Vietnam’s sub-standard financial sector performance has prompted the Asian Development Bank to suggest green bonds could best leverage the country’s renewable energy targets.

Renewable energy investment to increase by $210 billion over five years

Backing for renewable energy assets is set to rise 10% with grid-scale PV the most attractive opportunity among investors surveyed for a new report. But improved investment vehicles and outsourced asset management are still needed if climate change is to be mitigated.

PPA-backed solar roll-out sees £20 million pledge in the UK

NESF and Zestec have joined forces for the development of a commercial portfolio in the U.K. NESF provides the capital, which will be refinanced through the proprietary PPA model by Zestec.

New Zealand identifies 11 GW solar potential

The nation already meets well above 80% of its electricity demand from renewable energy. With e-mobility and electric industrial processes on the rise, higher demand has created new development opportunities.

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Taiwan’s URE inks 200-300 MW module supply MoU

United Renewable Energy was the result of a troublesome year for Taiwan’s solar manufacturing market. The company has signed a memorandum of understanding with Asia’s largest independent power producer – Vena Energy – for the supply of modules for projects in Taiwan’s strong development sector.

Bahrain launches 3 MW rooftop tender

The procurement covers 66 government buildings identified by the nation’s solar unit from a 120-building portfolio. Successful bidders will sign a PPA with the government, which is aiming at self-consumption with an element of net-metering.

Risen Energy completes 40 MW solar project in Kazakhstan

Since 2012, Kazakhstan has shown increased interest in its energy transition and put in place supportive regulations. The country lies in the path of China’s ‘One Belt, One Road’ initiative, which unlocks large-scale infrastructure investments.

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First EBRD-financed slice of Benban project comes online

The 30 MW plant was developed by a consortium led by Infinity Solar Energy SAE – an Egyptian developer operating in Africa and the Middle East – with Germay’s ib vogt, investment vehicle MMID and private equity firm BPE Partners.

Shell Foundation and Rockefeller support $11bn African mini-grids fund

Crossboundary Energy Access – which claims to be the continent’s first mini-grid financing facility – wants to unlock $11 billion in private capital to bring energy to 100 million people in sub-Saharan Africa. Raising capital has been a struggle despite mini-grids being lauded as a solid solution for electrification.

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Scatec off to a strong start in 2019 with solid financials and pipeline additions

Having put key PV projects into commercial operation, the company is capitalizing on their production. Scatec also has twice its current installed capacity under construction and nearly fourfold that amount – more than 4 GW – in the pipeline as 2018 expectations were surpassed.

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