Higher Shares of Renewable Energy Central to Sustainable Development Across Southeast Asia

New IRENA market analysis sees renewable energy driving growth and expanding energy access in Southeast Asia Southeast Asian countries are on course to meet their aspirational renewable energy target of a 23 per cent share of total primary energy supply by 2025, according to new analysis from the International Renewable Energy Agency (IRENA). Achieving this target would also significantly improve the access to affordable clean energy in the region in line with its pursuit of Sustainable Development Goal (SDG) 7. In the report, Renewable Energy Market Analysis: Southeast Asia – launched during the United Nations Global SDG7 Conference in Bangkok, IRENA highlights that renewable energy is proving key to expanding

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Companies plan to test innovative wind energy technology in the North Sea

Companies plan to test and use innovative wind energy technology on an innovation site designed for this purpose off Borssele in the North Sea. They had up to yesterday to submit their applications for a permit to the Ministry of Economic Affairs and Climate Policy. The applications submitted will be assessed over the next few months. The party with the best plan will be declared the winner. From 2020 onwards, new technology for producing electricity in a sustainable way will be tested and developed further on the North Sea innovation site. At the same time, the site will supply thousands of households with sustainably produced electricity. Minister of Economic Affairs

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Industrial issuers of €26 billion in green bonds pledge to double down on green financing

On the occasion of the Paris 2017 Climate Finance Day, nine of Europe’s largest industrial emitters of green bonds (EDF, Enel, ENGIE, Iberdrola, Icade, Paprec, SNCF Réseau, SSE and TenneT) publicly announce their pledge to further develop one of the most dynamic segments of sustainable finance today, the green bond market. These companies have joined forces to voice their commitment to the green bond market as part of their strategy, financing policy and their active engagement in the reporting debate and dialogue with investors. The pledge also calls upon other industrial corporates to consider issuing green bonds. The signatories of today’s pledge commit to a long-term presence in the market,

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Iberdrola signs a long-term renewable energy sales agreement with Google

These are the first two contracts of this type signed between the two companies Under the terms of the contract, the former will supply the electrical output of 196 megawatts of wind power to the latter through its Coyote Ridge and Tatanka Ridge wind farms in South Dakota Long-term agreements (PPAs) are one of the pillars of Iberdrola’s commitment to renewable energies in the United States Iberdrola, through its subsidiary AVANGRID Renewables, has signed its first two large contracts for the supply of renewable energy with the American multinational Google. Under the terms of the agreement signed between the two companies, Iberdrola will supply Google with a total of 196

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Vestas receives 40 MW order in India

Atria Brindavan Power Private Limited has placed a 40 MW order for the second phase of the Basavane Bagewadi Wind Farm in the Bijapur district of Karnataka state. With this order, Vestas has cumulatively received 80 MW in orders from Atria for the project. The order includes supply and installation of 18 V110-2.2 MW turbines, a 15-year full-scope Active Output Management 5000 (AOM5000) service agreement as well as a VestasOnline® Business SCADA solution for data-driven monitoring and preventive maintenance. Commissioning is expected for the second quarter of 2018. “With this  second order from Atria in just over a month, Vestas underlines that we can provide reliable and competitive solutions along

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Tidal energy projects aim to improve renewables’ reliability

A scale-up of tidal energy projects aims to expand capacity, improve reliability and prove their worth to investors as a renewable energy source.  Nova Innovation, a tidal power company based in Edinburgh, UK, deployed the world’s first array of tidal turbines last year, which were connected to the electricity grid in Shetland. In the autumn 2016, Nova Innovation received a Horizon 2020’s SME Instrument grant of €2.25m to develop a commercial demonstrator of Nova’s innovative direct drive tidal turbine technology. The turbines work by using the ebb of the tides from high to low twice a day, which moves huge quantities of water in the world’s seas. This rush of water back and

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UAE-Caribbean Renewable Energy Fund announces major projects in five countries

The United Arab Emirates (UAE) today announced the first five projects under the US$50 million UAE-Caribbean Renewable Energy Fund (the Fund) across Antigua and Barbuda, Bahamas, Barbados, Dominica, and St. Vincent and the Grenadines. The projects will significantly reduce energy costs in the region, as well as improve resilience to natural disasters such as Hurricane Irma. Announced in January 2017, the Fund is a partnership between the UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC), which leads the initiative; the Abu Dhabi Fund for Development (ADFD), which provides the grant financing; and Masdar, which is responsible for technical management and international, competitive project tendering. The projects represent the first

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Marathon Capital Advises Heelstone Energy on the Sale of a 194 MWDC Solar Portfolio to Sammons Renewable Energy

Marathon Capital, LLC is pleased to announce the sale of a 194 MWDC utility-scale solar portfolio by Heelstone Energy Holdings, LLC (“Heelstone”) to Sammons Renewable Energy (“SRE”). Heelstone, headquartered in Chapel Hill, North Carolina, is a leading developer, owner and operator of solar projects. Will Owens, Member of the Board of Managers and Managing Director of Heelstone, said, “We are confident that the portfolio has found an ideal long-term home with SRE. As we look to the future, we are well positioned with our current pipeline to develop and bring additional solar PV projects to completion. On behalf of the entire Heelstone team, I would like to thank Marathon Capital

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Photovoltaic monitoring by meteocontrol for the largest distributed solar project in the Middle East

Distributed solar industrial rooftop-system in Dubai: Phanes Group cooperates with meteocontrol   Meteocontrol GmbH, a leading provider of independent photovoltaic monitoring systems, is the monitoring partner for Phanes Group who is currently delivering Phase I of Dubai’s largest distributed solar industrial rooftop project for the international port operator DP World. Together with the project developer Phanes Group and its asset construction company Oryx Solar System Solutions LLC (Oryx), meteocontrol is implementing complex photovoltaic rooftop systems with a total installed volume of 25.8 MWp. meteocontrol designed the customized monitoring platform for these rooftop solar systems. The DP World’s Solar Power Programme represents the largest solar rooftop-system project in the Middle East

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Abengoa achieves practical completion for Xina Solar One, its third solar thermal plant in South Africa

Xina Solar One will provide clean, sustainable and dispatchable energy to 95,000 South African households. The power plant provides sustainable energy to a country that is still heavily dependent on fossil fuels. Xina Solar One is the third solar thermal plant that Abengoa has developed in this country. August 16, 2017- Abengoa (MCE: ABG/P:SM), the international company that applies innovative technology solutions for sustainability in the energy and environmental sectors, has achieved practical completion for Xina Solar One, its third solar thermal plant in South Africa. Xina Solar One is a 100 MW plant that uses parabolic trough technology to generate renewable and sustainable and dispatchable power from the sun.

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