Green bonds have the potential to unlock vast new sums of capital for the deployment of solar and other low-carbon infrastructure. Katie House looks at how a relatively new concept is rapidly evolving into a potentially major source of clean energy finance.
Leading CdTe thin-film manufacturer First Solar is discontinuing development and production of its hybrid heterojunction silicon cell and module technology, acquired via the acquisition of start-up TetraSun.
Developers including Italy’s Enel Green Power and Saudi Arabia’s ACWA Power and Abdul Latif Jameel (ALJ) have pulled out of the running for the upcoming 350MW solar tender in Abu Dhabi.
The latest report from the Climate Bonds Initiative (CBI), an investor-focused non-profit organisation, found that of the US$694 billion of climate bonds outstanding in 2016, energy accounted for 19% at US$130 billion, exemplifying a push in investment for renewable energy projects.
The World Bank Group today signed an agreement with the International Solar Alliance (ISA), which was formed at the COP21 Paris summit last year, and is comprised of 121 countries led by India, to partner on scaling up solar energy use globally, with the goal of mobilising US$1 trillion in investments by 2030.
Organised state-owned mining corporate Coal India Limited (CIL) signed two agreements with the Solar Energy Corporation of India (SECI) for a 200MW solar PV plant in Madhya Pradesh.
The second Solar and Off-Grid Renewables West Africa event in Ghana in April heard mixed views on the progress of solar in the region. But with the first projects reaching completion and others moving forward, brighter times seem to be around the corner. Tom Kenning reports
