Bangladeshi banks can invest in Islamic green bonds
The nation’s central bank this week said the special funds built up by domestic lenders to maintain stock market liquidity could be used to purchase sharia-compliant ‘sukuk’ green bonds which made their debut last month.
EU offers €1m to help plan cross-border renewables
Preparatory studies can be backed by a funding line offered under the energy program of the Connecting Europe Facility infrastructure cashpot, with applications open until November 30.
Lightsource BP secures $1.8bn to develop 20-plus GW of new solar by 2025
The clean energy joint venture, which is half owned by British energy company BP, today said it expects to create around 500 jobs as it ramps up its solar portfolio from less than 4 GW to 25 GW in four years.
The Hydrogen Stream: New fuel cell tech for uncrewed ships, and a solar-powered hydrogen valley in southern Italy
A printed circuit board-based hydrogen fuel cell for use in autonomous boats and ships has been engineered by a British consortium, and Italian energy companies Snam and Edison want to set up a 220 MW green hydrogen production plant powered by 380 MW of solar in Apulia.
Solar on new-build homes has significantly shorter payback period
A report by BloombergNEF and Schneider Electric has pressed the case for governments to unlock the world’s potentially huge rooftop solar potential, and cited California’s solar mandate as a shining example.
EU $6m credit line for solar appliances in Africa and South East Asia
Energy access entity EDFI ElectriFi has offered the revolving credit facility to a Californian distributor which supplies affordable, pay-as-you-go-enabled devices.
Fund hopes to raise $250m for urban climate projects in West Africa
The ARM-Harith Cities and Climate Transition Fund will feature public and private finance, according to the joint venture behind it.
EU raises another €9bn for Covid recovery
The latest, seven-year investment attracted offers worth more than €100 billion from investors and means the European Union has already generated €54 billion of the €80 billion of bond proceeds it is aiming for this year, as part of its five-year, €800 billion NextGenerationEU support package.
Guggenheim Solar Index: PV supply chain shake-up
Solar stocks have underperformed in the broader market in August, writes Jesse Pichel of ROTH Capital Partners. Project delays could be on the horizon as more module imports are held up at customs, and the supply chain will start to see impacts as suppliers look for options to source polysilicon outside of China.
Pakistan’s looming water crisis could be eased by a solar-led energy system
With renewable energy generation said to consume up to 95% less water than fossil-fuel fired power plants, solar could lead the way to a less stressed existence in mid century, according to researchers from Finland’s LUT.
