President Donald Trump’s executive order that promotes ‘Energy Independence’ and targets Obama’s Clean Power Plan went down a treat with fossil fuel interests, who praised Trump for making good on his promise to preserve coal jobs and avoid “regulatory burdens”. However, environmentalists took a different interpretation; viewing the order as a KO of the previous administration’s entire climate action legacy. Clean energy advocates stood somewhere in the middle, concluding that little will change in the long run.
Saudi Arabian power engineering firm ACWA Power has signed a power purchase agreement (PPA) for a 61.3MW solar plant in eastern Jordan, which it claims has the lowest PV tariff in the country to date.
French energy group ENGIE has signed a partnership agreement with Sime Darby, a Malaysian multinational for the co-development of solar and integrated facilities management services.
Financial services group FlexiGroup, whose subsidiary Certegy Ezi-Pay finances rooftop solar, has issued a AU$50 million (US$38 million) climate bond, which has been certified by the global Climate Bonds Initiative (CBI).
Germany-based PV monitoring solutions provider meteocontrol has launched a new company to focus on the Japanese market via a joint venture with Suntech Power Japan Corporation, a subsidiary of Chinese module manufacturer Suntech Power.
President Trump’s long anticipated executive order advising the Environmental Protection Agency to withdraw parts of the Clean Power Plan (CPP) has left clean energy advocates unabashed, despite critics viewing the order as a total wipe out of Obama’s climate action legacy.
Indian renewable energy firm Greenko Energy Holdings has raised US$155 million in equity from an affiliate of global investment firm GIC and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
International PV developer Sonnedix has acquired a 21.6MW solar portfolio comprising five ground-mount projects in Italy from private equity firm First Reserve.
