Markets & Policy

The IFC and the country’s power utility are planning to build small on-grid solar parks across three to five different sites, and are seeking a project consultant.

UK based energy data service provider and consultancy EnAppSys released its quarterly review of the European energy market. While renewables have covered a large chunk of the continent’s demand, that trend will likely change in the second half of the year, as production from renewables falls. Meanwhile, coal generation is being pushed out of the U.K. market, although not fully to the benefit of renewables as gas-fired power plants are picking up momentum.

Part three of our series on solar’s less covered markets takes us to Belgium, where despite impressive instsllation numbers from the rooftop market, a lack of volume means the country is unlikely to hit its EU mandated 2020 targets for renewable energy.

Canadian gas giant ATCO has unveiled its Clean Energy Hub in Jandakot which will explore the potential of hydrogen for home use in gas appliances. On the same day, the Western Australian government has launched a renewable hydrogen strategy and announced the creation of a $10m green hydrogen fund.

Crossboundary Energy Access (CBEA) was established in January with large investment contributions from Rockefeller and Shell Foundations. The funding facility, which said it would work to unlock $11 billion in funding for the electrification of 100 million people in Africa, has penciled its first transaction with PowerGen Renewable Energy.

In every corner of the globe, markets are experiencing an increasing need for capital to back renewable energy assets. Apart from conventional loans, bonds and equity schemes, Shariah-compliant financing instruments, such as Sukuk, serve as a catalyst for funding PV projects, Deloitte finds.

The Business & Human Rights Resource Centre has published a report looking at the human rights due diligence performance of the renewables industry and examined individual generation methods. The report finds that, while the solar sector is not top of the sad list, its vest also isn’t completely unstained.

The second part of our hidden champions series head to Bangladesh, where rapid industrialization is driving increased electricity demand. Already a major off grid market, Bangladesh is seeing increasing interest from international investors and is taking the first steps toward realizing its formidable potential for large scale solar installations.

According to the Taiwanese market research company, PV panel demand will increase by 16% over 2018 shipments. TrendForce also believes this growth trend will continue in 2020.

The Ministry of the Economy and Finance has eliminated an ambiguity in the tax code: the French are not subject to a tax on the self-consumption of solar energy – even in the case of rented or leased photovoltaic installations. This clarification provides valuable certainty for renewable energy developers who want to innovate their business models.