Category: investment

Officials from the African Union and African Development Bank have announced a goal of delivering at least 300 gigawatts of power to the continent by 2030 — all from clean energy. That would be an addition of two times as much electricity as is currently generated in all African nations now from all power sources combined. VIA WASHINGTON POST

Over half of global investments in clean energy occurred in developing countries in 2014, according to Climatescope 2015 from Bloomberg New Energy Finance. In another first, renewables capacity added in emerging markets in 2014 exceeded that in OECD nations. Developing countries added a total of 50.4 gigawatts combined, a 21% increase over the prior year. VIA BLOOMBERG and PUBLIC FINANCE INTERNATIONAL

Throughout Africa from Ivory Coast to Morocco to Kenya, major solar projects are sprouting, each helping provide access to the 600 million Africans who lack access to energy. “Energy is a major issue for the African continent, because someone who does not have access to energy cannot have access to health, telecommunications, or education,” said industry executive Alexandre Castel. While the solutions all contribute to a singular goal, leaders are not pursuing a one-size-fits-all approach. While Benin is banking on 100 small renewable…

Thailand has been shifting away from natural gas as reserves are depleted. By December 2015, Thailand is expected to have more solar power capacity than all of Southeast Asia combined. Most will be from solar farms, but experts say distributed solar over the next five years could supply a quarter of a million households. The cost of rooftop solar has dropped 90% since 2010. VIA REUTERS and SIAM REAL ESTATE (PHOTO: 53338296 via Flickr/cc)

— Rodrigo Lopes Sauaia, executive director of the Brazilian Photovoltaic Solar Energy Association, commenting on Brazil’s decision that local states no longer need to tax renewable power, which could pave the way for 700,000 homes and small businesses to install rooftop solar. On the utility scale side, a floating solar PV power project on the Balbina hydroelectric plant will be among the largest such projects in the world. And on June 1, Brazil’s National Development Bank reports interest in the…

VIA MOTHER JONES and BLOOMBERG