Swiss fintech startup builds platform for post-tariff renewable energy markets
As renewable energy subsidies slowly evaporate, managing risks and securing revenue streams is becoming increasingly complex for investors. Pexapark is looking to address this helping companies transact PPAs and manage energy sales.
Mercedes, Shell announce seperate private PPA agreements
Mercedes Benz has announced plans for all of its German factories to be supplied with CO2 free energy by 2022. Meanwhile, Renewables investment firm Octopus Energy has signed a five-year PPA with Shell Energy Europe to provide the global energy giant with power from several unsubsidized PV projects it is constructing in Italy.
ADB invests $155 million in Thai green bonds
The bank continues its involvement in Thailands largest IPP B.Grimm, which is set to grow its renewable energy portfolio. According to ADB, the green bond proceeds will go to nine operational solar PV plants with a cumulative rating of 67.7 MW, and 30.8 MW that are currently still under construction.
US: Top Senate Democrat calls for permanent renewable energy, storage, EV tax credits
U.S. Senator Chuck Schumer is calling for permanent tax credits for clean electricity, storage and EVs as part of a set of demands for the form of any new infrastructure package. What does this mean for solar?
UK grants £9.5 million for smart energy systems
The United Kingdom has announced £9.5 million (around US$12 million) in funding for the creation of a new research consortium and 12 projects to speed the uptake of smart energy systems.
Switching to solar could save aid missions half a billion per year
A new report published by Chatham House for the Moving Energy Initiative examines energy spending of humanitarian aid organizations. The authors claim that with modern clean energy systems the sector could save US$517 million per year on fuel costs, as hitherto the majority of refugee camps and other facilities are run on diesel gensets.
“Wall of money” fighting for U.S. solar projects
Wood Mackenzie notes that new investors and sources of capital are chasing down a limited supply of viable U.S. solar projects and sees tightening targets, expanding project appetite, and evolving techniques.
EU uses energy industry to strengthen euro against US dollar
The European Commission has adopted a recommendation to promote the wider use of the euro in international energy agreements and transactions. The aim is to strengthen the role of the single currency on the international financial system.
Switzerland’s third largest canton launches $3 million incentive scheme for solar-plus-storage
The scheme will provide incentives for solar-plus-storage projects for self-consumption, as well as for projects for virtual power storage.
Jordan gets $265 million loan to improve grid capabilities, integrate more solar
The funds, provided by the European Bank for Reconstruction and Development, will help utility NEPCO repay short-term debt, as well as financing expansion of the grid’s capability to increase the share of solar and other renewable energy.
