Romania sees first green bonds
World Bank arm the International Finance Corp has now extended almost €76 million of credit into two sustainable lending facilities launched via Raiffeisen Bank.
Nepal wants to support renewables up to 1 MW through viability gap funding
Nepal’s Alternative Energy Promotion Centre (AEPC) is seeking proposals for renewable energy projects not exceeding 1 MW in size.
Italy installed 152 MW of PV in Q1 2021
The country installed 35 MW more solar in the first three months of the year than it did in the same period a year earlier. Its cumulative capacity surpassed 22.1 GW by the end of March.
Cheaper renewables could leave new Indian coal assets stranded
A newly published Institute for Energy Economics and Financial Analysis report looks at the viability of under-construction coal-fired power plants and evaluates the risk of building additional coal-fired capacity in India’s electricity system.
Myanmar launches second tender for utility-scale PV
The country’s Ministry of Electricity and Energy (MOEE) is accepting proposals for utility-scale PV projects built on an independent power producer (IPP) and build–operate-own (BOO) basis.
Analysis of Italy’s disappointing fifth renewables auction
“RES1 has not worked,” said operators commenting on Italy’s auction scheme for renewables. The lack of concrete projects to be submitted to the auctions is due to a combination of factors primarily based on “excessive bureaucracy,” and the impossibility of ground-mounted PV projects in agricultural areas to get incentives, they added. Nonetheless, things could soon change, especially if an RES2 scheme is implemented.
Greenyellow secures €21m financing for 30 MW solar park in Burkina Faso
The Nagréongo power station is located about 30km northeast of Ouagadougou and scheduled for commissioning at the end of 2021.
Engie switches on 60 MW of solar in Senegal
Engie energized two facilities with capacities of 35 MW and 25 MW, respectively, in the central part of Senegal. The two plants will sell power to the local grid under a 25-year PPA at a price of XOF25/kWh ($0.046).
Are oil and gas companies on the run?
Private sector fossil fuel spending on exploration is drying up just as modest rises in clean energy investments are being observed. With stock market investors increasingly embracing renewables, the IEA has observed positive signals in its latest energy investment report, but warned we are still doing far too little to keep global heating at bay.
Canada Infrastructure Bank to invest in 250 MW/1,000 MWh storage project
The massive Oneida Energy Storage project in Ontario will store surplus energy during off-peak periods and provide grid-balancing services to reduce renewables curtailment.
