RES4Africa’s plan to offer a one-stop-shop to tap consolidate all the European sources of funding for African renewables aims to de-risk investments in large-scale renewable energy projects in the continent. The 171-page report entitled “Scaling Up Africa’s renewable power” provides an update on the “renewAfrica Initiative” launched by the RES4Africa foundation together with a range of European stakeholders one year ago.
Time is running out for the government to achieve its goal of universal access to electricity by next year but Dhaka has doubled down by allocating $26 million for PV panels in hard-to-reach areas.
IHS Markit’s latest report looks at a wave of new investments in large-scale projects. Economies of scale and technological improvements, as well as renewables deployment, could make green hydrogen price-competitive with grey and blue hydrogen.
Plus, solar funding is down and Australian rooftop installers are preparing for tough times ahead as one U.S. utility has warned customers to be alert to scammers hoping to benefit from the pandemic.
The Council of Ministers has urgently approved royal decrees to regulate the clean energy procurement rounds and procedures for the grid connection of large scale projects.
Cumulative solar generation capacity reached 2.5 GW last year, enough to meet 3.8% of electricity demand.
A clean energy and e-mobility executive recruitment firm says 67 chief executives and founders remain relentlessly positive in the face of the public health crisis and expect the global recovery from the pandemic to be led by a green revolution.
A wide-ranging joint report published by the Democratic presidential candidate and his former rival includes the section: ‘Undoing the harms of the Trump administration and righting the wrongs.’
The long-awaited procurement exercise includes 250 MW of generation capacity originally intended to be tendered last year.
Also, a court in Beijing is now reviewing an application for bankruptcy filed by a unit of Hanergy. In other developments this week, a diverse range of solar industry players launched the 600W+ Photovoltaic Open Innovation Ecological Alliance.
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