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.
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.
EU to start auctioning green bonds next month
An independent third-party has approved the European Commission’s safeguards to ensure the projects in member states financed by €250 billion of green bonds over the next five years, will have genuine emission reduction credentials.
‘World’s largest lead-acid battery output’ planned in Greece
Manufacturer Sunlight plans to invest €30 million to add 1.3 GWh of annual production capacity of lead-acid products by the third quarter of next year. The company will also devote €20 million to expanding its lithium-ion battery assembly lines.
‘The chance to reset with a green recovery has now been lost’
Norwegian consultancy DNV today published the latest of its annual surveys of the state of the energy transition and lamented the fact so very little has been achieved during the last five years. We are forging ahead into a world that will be 2.3C hotter this century, predicts the report.
On the brink of collapse, Lebanon added 14 MW of solar in 2020
The news Lebanon installed new solar capacity last year has come as a huge surprise, given the country is at risk of failure. Amid the country’s crisis, solar is offering solutions.
The Hydrogen Stream: GCL will use Ethiopian natural gas to feed its ammonia and blue hydrogen
Plus there is news this week of a green hydrogen tie-up in India, plans for another German production facility, and of new hydrogen transport networks for Switzerland and the U.S.
Spanish solar projects secure €68m credit lines
Seven PV plants being planned by Solaria have received direct backing from the European Investment Bank, with the EU lender also the source of a €14 million loan to Natixis which will be passed on to the Spanish developer.
Maxeon secures EU cash to make its ‘stick-on’ solar panels in France
The TotalEnergies-controlled solar manufacturer will secure an, as yet undetermined chunk of a new €118.6 million low-carbon innovation fund to start producing its frameless, glass-free solar roofing products at Porcelette, in northeastern France.
The Hydrogen Stream: Air Liquide eyes South Korea as Cummins announces fuel-cell truck plans
With Australia prepping plans for vast green hydrogen and ammonia production facilities, two of the country’s state governments are trying to drum up the end-user market as agreements are signed to drive use of the gas in Ukraine and Poland.
