Wind and solar to ‘dominate’ future of electricity by 2040

Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.

Solaria and leading PACE financier establish BIPV partnership

Solar module technology provider Solaria and CleanFund Commercial PACE Capital – the leading Commercial Property Assessed Clean Energy (C-PACE) financier – have announced a partnership on building-integrated solar (BIPV) known as SolarPACE.

EBRD finances 50MW solar park in Kazakhstan

The European Bank of Restructuring and Development (EBRD) is financing a second solar park in Kazakhstan following the 50MW Burnoye Solar 1 established in April 2014.

African solar must find its feet beyond development finance

Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.