investment

Oil major Shell has invested in Singapore-based solar developer Sunseap.

The World Bank is providing US$150 million in credit for off-grid solar energy in marginalised communities of Kenya.

France has awarded 507.6MW of PV to 77 developers in its second major large-scale solar auction, for projects ranging between 500kW and 17MW capacity.

Engie is investing in Kingo Energy and Mera Gao Power aiming to bring renewable energy to over 2 million people in Central America and India by 2020.

Leading asset management group BlackRock has taken its Renewable Income UK fund up to £1.1 billion (US$1.43 billion), making it one of the largest single investments in renewable energy.

The Asian Development Bank (ADB) has invested THB1,968 million (US$57.7 million) in Thai power firm B. Grimm Power Public Company (B. Grimm) to develop renewable energy projects in Southeast Asia.

Hive Energy has revealed it is planning to build a solar farm in the UK without subsidy support next summer.

Muren Guler, managing director of consultancy Global Energy, discusses the benefits of co-development in emerging markets and alternatives to the strategy of acquiring ready-to-build projects.

UK-based flexible organic photovoltaics (OPV) thin-film start-up Eight19 has secured a new round of funding totalling £1.3 million (US$1.69 million).

IEA finds renewables investment down 3%, Huntec to build 370MW in Mexico, Meeco to build 57 small-scale systems in Guyana, Enel and SeedWorld collaborate to find Africa energy startups.