Top green energy players urge the EU to lead the way as planet torn by geopolitical rifts gathers in Madrid to hammer out pivotal rules on how to finance the fight against global warming.
The ambitious target unveiled at UN Climate Week follows reports that the Australian investment firm – which purchased the UK's state-run green finance arm in 2017 – intends to purchase UK developer Solarcentury.
Land acquisition, corruption and short-termism complicate scaling up solar and others with the speed required by climate change, London event hears.
IPP support in Nigeria and small-scale PV in South Africa among schemes awarded funds as institution approves broader US$440 million allocation.
The Green Climate Fund (GCF) is providing nearly half the funding necessary for a scheme to deploy solar mini-grids across 100 villages in Burkina Faso.
Green bond issuance in 2017 has surpassed the US$100 billion milestone, marking a new record, according to Climate Bonds Initiative (CBI) data.