MRC Allied, a property development firm based in the Philippines, is making a powerful foray into the energy scene, by revealing an ambitious plan to build up a portfolio of 1GW of clean energy by 2022 – with solar PV constituting half of that capacity.
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.
UK alternative investment firm Ingenious has teamed with Australian developer Stellata Energy for a landmark joint venture to develop large-scale solar energy in Australia, including a flagship 120MW ground-mounted project.
Following on from the successful year for solar that was 2016, the US market added 2,044MW of new capacity in Q1 2017 alone. As installations grow, prices continue to fall to new lows and utility-scale system prices dropped below US$1/Watt for the first time according to GTM Research.
The US Trade and Development Agency (USTDA) is continuing its mission of funding priority development projects in emerging economies, this time by signing two grants that leverage US technology and investment to increase access to affordable, reliable electricity in Kenya.