Results for: solar

January 19 2017

Africa Clean-Power Push May Help EU Migrant Crisis, Conde Says

A boom in African clean-power investment could help curb the influx of migrants into Europe blamed for the rise in populism and the U.K.’s decision to quit the European Union, said Guinean President Alpha Conde. The best way for European governments to keep young Africans at home is to invest in renewable energy, creating jobs […]

January 19 2017

Saudi Arabia’s ALJ Energy Targets India to Mexico for Renewables

Saudi Arabia’s Abdul Latif Jameel Co., involved in everything from car imports to real estate, is expanding its renewable energy business as nations seek to curb their use of oil and natural gas. Abdul Latif Jameel Energy won an award to build a 100-megawatt solar plant in India and will tender in Oman for an […]

January 19 2017

India May Be a Bright Spot for Global Solar Markets This Year

India may be a bright spot for global solar markets this year as it adds capacity at a record pace, becoming one of the top regions for panel producers struggling with rock-bottom prices. India is expected to add nearly twice as much new solar as last year, outpacing once-booming Japan, according to forecasts by Bloomberg New Energy […]

January 18 2017

Liebreich and McCrone: The shift to ‘base-cost’ renewables: 10 predictions for 2017

By Michael Liebreich, Chairman of the Advisory Board (@MLiebreich) and Angus McCrone, Chief Editor Bloomberg New Energy Finance   When Christopher Columbus and the other great explorers undertook their epic voyages of discovery in the 15th and 16th centuries, they navigated a world of extraordinary risks. Buffeted by the worst storms the great oceans could throw […]

January 16 2017

Swiss Solar Pilot Who Circled Globe Wants to Talk Climate With Trump

Bertrand Piccard, the Swiss pilot who circumnavigated the world in a solar-powered plane, wants to convince Donald Trump that investing in clean energy is key to creating jobs and growth. Piccard, the chief executive officer of Solar Impulse SA, wants to meet Trump after he’s inaugurated to highlight the falling costs of renewables compared to […]

January 16 2017

Saudis Seek Up to $50 Billion in Renewable-Energy Expansion

Saudi Arabia will start soliciting bids in the next few weeks for the first phase of a “massive” renewable-energy program costing $30 billion to $50 billion, Energy Minister Khalid Al-Falih said. OPEC’s biggest producer plans to generate close to 10 gigawatts from renewables, primarily solar and wind power, by 2023, he said at an energy conference in […]

January 16 2017

Jordan to Award 300MW of Renewable Energy Projects by Year-End

Jordan plans to award 300 megawatts of renewable projects by the end of this year, according to Ziad Jibril Sabra, assistant secretary general in the Ministry of Energy. Four solar projects and two wind plants are planned, each producing 50 megawatts of electricity, Sabra said Monday in an interview in Abu Dhabi. Jordan aims to […]

January 16 2017

Saudi Arabia’s ACWA Signs Jordan’s Lowest-Cost Solar Project

Saudi Arabia’s ACWA Power International signed Jordan’s lowest-cost solar energy project as demand for power from the sun grows. The 61-megawatt solar power plant will provide electricity at 5.88 cents per kilowatt hour, Paddy Padmanathan, chief executive officer of Riyadh-based ACWA Power, said in an interview in Abu Dhabi. The contract signed Monday is for […]

January 15 2017

Enel CEO Targeting Renewable-Energy Business in Middle East

Rome-based utility owner Enel SpA is targeting renewables projects in Saudi Arabia and the United Arab Emirates as oil-rich Gulf countries take advantage of the falling cost of solar power to diversify their energy supplies.  “We will wait for the first tenders in Saudi Arabia,” Francesco Starace, Enel chief executive officer, said in an interview […]

January 13 2017

Turkey Deals Seen Flatlining as State Dominates Big Projects

Deals in Turkey’s project-finance market are hitting a wall despite the government’s efforts to invest in roads, energy and hospitals in the face of slowing economic growth and a weakening currency. The value of project-finance deals will probably remain little changed this year from the $13.2 billion of loans provided in 2016, according to Turkiye […]