Big Moves
Senegal issues tender for 133 solar mini grids
The Senegalese Rural Electrification Agency (ASER) has announced tenders for supplying mini-grids for the electrification of 117 villages through solar power. The project implementation is being undertaken by the Senegalese Ministry of Oil and Energy. Further, it is being financially supported by the Islamic Development Bank and the Islamic Solidarity Fund for Development.
News
FinnFund and Norfund extend $20 million to Starsight solar
FinnFund and Norfund, Nordic financial companies have decided to increase funding to Starsight solar by $10 millionThe funding available since 2019 has now increased from $10 million to $20 million. are increasing the line of credit initially granted to Starsight by $10 million in 2019.
Interviews
There is a need for a strong offshore wind supply chain: Ocean Winds’ Daniel Finch
Ocean Winds began operations with fixed projects in France with 500 MW capacity each in the locations of Treport and Noirmoutier. The company also has operations in the US where it partnered with Shell in developing the Mayflower project, off the east coast. It had also developed a new technology for floating wind which was used to execute an upcoming project off California. Further, Ocean Winds has collaborated with Ignitis for projects in Lithuania and also proposed wind projects in Poland and the Mediterranean.
Opinion & Perspective
Viability assessment of new domestic solar module manufacturing units
India is one of the leading module manufacturers with a growing capacity and promising potential. However, the country still lags behind China. In its report titled "Viability assessment of new domestic solar module manufacturing units", Institute for Energy Economics and Financial Analysis (IEEFA) evaluates the question of whether India can compete against China in PV production.
Mega Trends & Analysis
Evolution of power sector in the US with widespread electrification
NREL's recent report analyses different scenarios of electrification in the US and how it will impact capacity addition and operation of the grid. To meet electricity demand in high-electrification scenarios, installed capacity grows to more than double 2018 levels by 2050. Generation from low-cost renewable energy increases in all the scenarios.
Policy Watch
Virginia’s Energy Storage Regulations: To help meet the state’s clean energy goals
In 2020, Virginia became the seventh US state to adopt energy storage procurement goals for utilities. This was achieved with the passage of the Virginia Clean Economy Act (VCEA) by the General Assembly. The Act aims to get the state to zero carbon emissions by 2050 and the state utilities to generate electricity from 100 per cent renewable energy sources by 2045.
Tech Talk
How charging in buildings can power up the electric-vehicle industry
While EV charging stations in private residences are quite common today, on-site commercial charging will need to become a standard building feature in the next ten years to meet consumer demand. Across the three most advanced EV markets—China, the EU-27 plus the United Kingdom, and the United States—charging in residential and commercial buildings is the dominant place for the foreseeable future and will remain key to scaling the industry.
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Webinars & Videos
Collaborative financing for renewable energy in emerging markets
As the global fight against climate change intensifies, corporates worldwide are increasingly focusing on meeting their sustainability targets through procuring renewable energy.
Knowledge Centre
NREL’s Solar Industry Update Q2/Q3 2020
NREL recently released its solar PV market update report for nine-months ended September 2020. Read the key highlights of the reports.
Finance
Funding and M&A activity for the solar sector in 2020
Following a tough first half when corporate funding was down 25% year-over-year, recovery has been swift and broad, with corporate funding up 24% for the year. The solar ETF was up 225%, with 15 solar stocks up over 100% in 2020. Public market funding was also up with the help of several IPOs, and debt financing was up on the back of securitization deals.
SPONSORED CONTENT & ADS
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This space is reserved for sponsored content and advertising banners. Sponsored content can include white papers, webinars, case studies, research reports and other relevant content. The advertising can be in the form of banners with links to the advertiser’s landing page. If you would like to promote sponsored content or advertise, please write to us at: marketing@reglobal.co