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Financing large scale renewables in emerging economies

pv magazine has taken part in a webinar examining the thorny issue of financing clean energy generation in developing markets.

Covid-19 weekly round-up: Differing opinions on energy storage fall-out, a trade show update and some surprisingly positive financials

Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.

Colombia awards 1.39 GW of wind and solar in Reliability Charge auction

The capacity comes from two solar parks and five wind power plants awarded firm energy obligations for 2022-2023. The Reliability Charge auctions were created by the Colombian government to ensure power supply during water shortages.

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Global Solar Council announces new board, mission

The Global Solar Council (GSC) held its general assembly at last week’s Solar Power International (SPI) in California, where it announced new board members and said it will work towards crafting a unified message for the solar industry. All five working committees of the council are expected to contribute to this new task.

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Softbank’s Son makes more big announcements: Free electricity after 25 years

In another ambitious announcement, SoftBank Group CEO, Masayoshi Son has said he will give free power from solar power projects after 25 years of PPA to all ISA member countries. He was speaking at the Indian Government organized RE Invest 2018.

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India: 40% electricity generation from non-fossils by 2030, up to $80 billion for PV manufacturing

India’s Prime Minister kick started the first Assembly of the ISA, the second IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest yesterday in Greater Noida. The agenda of the day? Universal access to solar energy at affordable rates; securing 40% of India’s electricity generation from non-fossil fuels by 2030, and allocating up to US$80 billion to boost domestic PV manufacturing.

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International Solar Alliance boosted by EIB funds

The International Solar Alliance (ISA) received a significant boost at the New York One Planet Summit, with European Investment Bank (EIB) President, Werner Hoyer announcing a commitment to back the ISA in its expansion of India’s solar industry and the exchange of technology.

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President Elect, GSC talks about new ISA partnership, plans for global solar promotion

In a significant development, two major international solar coalitions – the Global Solar Council (GSC) and the International Solar Alliance (ISA) – signed an MoU for the cooperation and collaboration of solar growth in all ISA-member countries. Pranav Mehta from the GSC talks to pv magazine about the move.

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Intersolar: Indian minister outlines plan to become global renewables leader

Underlining India’s commitment to becoming the global renewable energy leader, Shri Anand Kumar, Secretary of India’s Ministry of New and Renewable Energy, said the country plans 500 GW of capacity by 2030. He also underlined India’s plans for becoming a solar and storage manufacturing hub; and said the International Solar Alliance needs to widen its membership.

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UK, India strengthen solar ties with new commitments

The governments of the U.K. and India have announced a new green fund, managed by Lightsource BP and the Everstone Group, which will see up to £500 million invested in green energy in India. The U.K. has also joined the Indian-led International Solar Alliance (ISA).

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