Tag: Renewable energy finance

IRENA’s Renewable Energy Statistics 2022

This provides datasets on power-generation capacity for 2012-2021, actual power generation for 2012-2020 and renewable energy balances for over 150 countries and areas for 2019-2020. Data was obtained from a variety of sources, including an IRENA questionnaire, official national statistics, industry association reports, consultant reports and news articles.

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Financing India’s Renewable Energy Ambitions: Report

The report finds that corporate commitments from Indian companies could help India achieve 86% of its 2030 goals of building 500GW of cumulative non-fossil power generation capacity. The report examines the challenges for financing renewables, identifies new or underutilized sources of capital and outlines measures to increase the availability of financing.

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US Expectations for Renewable Energy Finance in 2022-2025: Report

To assess the industry’s near- and mid-term trajectory in meeting these goals, this report conveys the results of new surveys of professionals who represent companies that actively finance or develop projects in the renewable energy sector. The surveys assess respondents’ experiences in the market over the past year and their expectations for sector investment and development over the next three years.

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De-risking Investments in North Macedonia

This report, developed by the International Renewable Energy Agency (IRENA) and the United Nations Development Programme (UNDP) under the Climate Promise cooperation framework sets out to identify barriers and provide recommendations for de-risking of renewable energy investments, to support North Macedonia accelerate the implementation of its enhanced NDC.

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Enfinity Global and CarVal Investors enter into a $300 million loan facility

Enfinity Global Inc., a renewable energy and services platform, and CarVal Investors have entered into a $300 million loan facility to facilitate the development of Enfinity’s 3 GW renewable energy portfolio. Enfinity reported that the facility aligns sustainable investment guidelines with the execution capabilities required to be a leader in the net-zero carbon economy,

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Renewable energy investment expectations in the US

American Council on Renewable Energy (ACORE) launched its “$1 trillion 2030 campaign” in 2018 to achieve $1 trillion in private sector investment in renewable energy and grid technologies by 2030 in the US. In June 2021, it released a report titled, “Expectation for Renewable Energy Finance in 2021-2024: Growing confidence in the Aftermath of the Pandemic”. The report assesses progress on the campaign and presents the results of two new surveys of professionals who actively finance or develop projects in the renewable energy sector.

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Public Market Financing Lifts RE Investment to New First-Half Year Record in 2021

The latest data on renewable energy investment in the first half of the year, drawn from BNEF’s database of deals and projects, show that a decline in investment in new renewables projects was offset by a jump in equity offerings of renewable energy companies. New equity raised on public markets hit a record high at $28.2 billion in 1H 2021, as did venture capital and private equity commitments to renewable energy companies at $5.7 billion.

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EQT Infrastructure to buy Cypress Creek Renewables from LLC and Temasek

EQT AB, a Swedish private-equity company’s EQT Infrastructure V fund has agreed to purchase Cypress Creek Renewables from funds controlled by HPS Investment Partners, LLC and Temasek. The acquisition is scheduled to conclude in the second half of 2021, subject to normal conditions and approvals. EQT Infrastructure is committed to building on Cypress Creek’s success by investing in operational, organisational, digital, and environmental initiatives that will allow the company to continue developing and distinguishing itself.

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Banks and Climate Action: Taking Stock of Recent Commitments

JPMorgan Chase announced in October that it would shape its financing portfolio in three key sectors to align with the Paris Agreement; three days later, HSBC announced its statement of net-zero ambition. This past year has seen a slew of similar statements, including from Barclays in May—making it one of the first banks to announce ambition to go net zero by 2050—and then from Morgan Stanley in September.

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