Big Moves
Sembcorp to acquire Vector Green Energy
Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Green Infra Limited has signed an agreement with India Infrastructure Fund II, a fund managed by Global Infrastructure Partners India Private Limited. This agreement intends to acquire 100 per cent interest in Vector Green Energy Private Limited for a base equity consideration of approximately Rs 27.8 billion.
News
Voltalia will develop up to 500 MW of renewable projects in Uzbekistan
The Uzbekistan government and the French renewable energy business Voltalia have agreed to jointly build renewable energy projects with a combined output of between 400 MW and 500 MW.
Interviews
Policy landscape presents challenges and opportunities: Invenergy’s Mick Baird
Invenergy was an early leader in the clean energy transition and has continually evolved to push the energy industry forward. What began as a largely thermal and wind business is now a full energy solutions provider with an array of new technologies, including solar, green hydrogen, desalination, and large-scale battery storage. While the technology has changed, our approach to responsibly siting clean energy projects that benefit a broad spectrum of stakeholders has remained the same.
Opinion & Perspective
Making Good on California’s Clean Transportation Promises
As the dust settles on the 2022 elections across California, we can take stock of where we’ve made progress on tackling the state’s most stubborn source of climate pollution—transportation; namely, the cars and trucks that drive through our communities. The state has made bold and necessary commitments to zero out gas-burning vehicles by committing to 100 percent zero-emission vehicle sales by 2035.
Mega Trends & Analysis
Global renewable energy targets in 2022
Approximately 90 per cent of global electricity needs have to be supplied by renewables by 2050 – up from around 26 per cent in 2019 – to put the world on a climate-safe pathway. Renewable power targets are halfway met globally but they are concentrated in few regions and technologies.
Policy Watch
How does Indonesia’s JETP compare to net zero pathways?
The Indonesian JETP raises the country’s ambition for power sector decarbonisation and closely aligns to a pathway that delivers Indonesia’s target of net zero by 2060. At the G20 summit in Bali – and on the same day as COP27’s Energy Day – Indonesia announced its ‘Just Energy Transition Partnership’ (or JETP). The groundbreaking deal secures $20bn funding from the US, Japan and others to help Indonesia accelerate the transition from coal to clean electricity.
Tech Talk
A Growing Market: Trends in the remote solar monitoring space
The performance of solar plants is a function of multiple components such as panels, inverters and transformers. These devices are subject to malfunctions and failure due to environmental and systemic factors. In order to effectively and timely manage inefficiencies in the solar power system, remote solar monitoring systems are being deployed.
SPONSORED CONTENT & ADS
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Webinars & Videos
Powering Agri-food Value Chains with Geothermal Heat – Africa
In African countries, geothermal heat applications along the agri-food value chain have the potential to enhance food productivity, reduce food spoilage, and add value to food produce. This would result in food security, more employment opportunities and higher incomes for the employees and other agri-food stakeholders. Geothermal energy would also contribute to the sustainability of the agri-food sector by reducing carbon emissions.
Knowledge Centre
IDFC Green Finance Mapping 2022: Report
Since 2011, the International Development Finance Club (IDFC) has conducted a periodic mapping of member institutions’ green finance contributions. In 2021, IDFC members reported a record high of USD 224 billion in total green finance commitments, a 21% increase from 2020. Cumulatively, green finance commitments by IDFC members surpassed USD 1.2 trillion since the Paris Agreement was signed in 2015.
Finance
The Rise of Climate Fintech
The climate crisis is a defining challenge for Asia and the Pacific, which as a region is the most vulnerable to global warming, and a significant contributor to its cause. Yet, it is not all doom and gloom. Driven by a combination of climate change, finance, and digital technology —collectively known as ‘climate fintech’ — the financial services industry is preparing to address these challenges and capture opportunities for transitioning to a more sustainable economy.
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