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.
Europe passes 500 TWh of renewables demand – but solar loses ground
The 2018 figures for the Guarantee of Origin (GO) certificate market show a marked growth in clean energy demand in Europe. Demand surpassed 500 TWh, while GO prices reached record levels. Solar GO, however, saw a slight fall.
Turkey added 2,416 MW of solar capacity in 2018… kind of
Turkey appears to have installed a staggering 2,416 MW of new PV capacity in 2018, although careful study of the data may curb any excitement and solar’s role in the Turkish electricity mix remains negligible, with coal still dominant.
Saudi Arabia launches tender for 1.5 GW of solar capacity
The Renewable Energy Project Development Office is tendering seven large-scale IPP solar projects. The exercise is part of Round 2 of the Saudi National Renewable program, which is expected to allocate almost 2.2 GW of PV capacity this year.
Solar gains ground in Mongolia
A 10 MW solar facility in the Sumber Soum area of Mongolia’s southern Govisümber province has been connected to the grid. The project was financed by the Green Climate Fund and XacBank and takes Mongolia’s installed PV capacity to 35 MW. The pipeline of approved solar schemes has surpassed 700 MW.
US leads as the volume of corporate clean energy bought smashes record
Companies in the United States accounted for more than 60% of the clean energy deals signed by corporations worldwide last year, according to BloombergNEF. A proposed renewable portfolio standard for Chinese business, though, could turn the picture upside down in a year’s time.
Germany considers closing coal-fired power plants by 2038
German states with coal mining regions would receive a total of €40 billion from the federal government over 20 years for structural change under the terms of the Coal Commission’s proposal, while operators of coal-fired plants would receive compensation.
Jordan suspends renewables auctions, new licenses for projects over 1 MW
Auctions and new licenses will be suspended until the Jordanian government has assessed the capabilities of its power network.
Portugal to hold first solar auctions in June
The announcement was given by the country’s Minister of Environment and Ecological Transition, Matos Fernandes. Two kinds of auction will be held for PV: for large-scale projects granted a feed-in premium tariff, and for smaller installations including rooftop awarded a fixed tariff.
France to tender 17.2 GW of solar up to 2025
In France’s new energy strategy, the Macron administration has said how much will be allocated annually in tenders for ground-mount and rooftop PV projects over the next six years. In the best case scenario, France would have 44.5 GW of solar capacity by 2028, with renewables forecast to come in at up to 113 GW.
