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If you are interested in finding out about the latest news from the Phanes Group and interesting developments within the industry, please browse our news section.

Corporate news

  • Announcing the Finalists for our Inaugural Phanes Group Solar Incubator 2017
    • Today we're excited to announce the finalists for our inaugural Phanes Group Solar Incubator 2017. We'd like to congratulate the following finalists, who will be presenting their projects in front of a high-level evaluation panel: * Côte d'Ivoire, Akouédo Solar Project (2 x 25 MW) * Ethiopia, Solar Project - Amhara Region (100 MW) * Mozambique, Kitaka Solar Project (50 MW) We've received an outstanding response to the program, and we would like to thank all who applied and expressed interest. We wish the finalists good luck!

    Oct 12 2017

  • Phanes Group Recognized as Finalist at the Gulf Capital SME Awards 2017
    • We're excited to have been recognized as a finalist for the "Business of the Year" category in this year's Gulf Capital SME Awards - a recognition of the team's hard work and dedication in driving the company's growth. Thank you to the Gulf Capital SME Awards organizers for this recognition, and to our staff for their continued support.

    Oct 12 2017

  • Phanes Group Solar Incubator - Interview with CEO Martin Haupts
    • In this video interview, Phanes Group's CEO Martin Haupts explains the Phanes Group Solar Incubator initiative. Apply now! We're accepting entries until October 1, 2017.

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    Sep 24 2017

  • Evaluation Panel for the Phanes Group Solar Incubator
    • We are very pleased to announce the Evaluation Panel for the upcoming Phanes Group Solar Incubator to be held during the "Unlocking Solar Capital Africa" in Abidjan, Côte d’Ivoire, October 26, 2017.

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    Sep 19 2017

  • RINA Consulting Joins Phanes Group Solar Incubator
    • We’re delighted to announce that RINA Consulting has joined the Phanes Group Solar Incubator, adding to the strong line-up of expertise represented by our partners. If you haven’t yet applied, visit our page and submit your application today!

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    Sep 5 2017

  • Launch of the Phanes Group Solar Incubator
    • We’re excited to announce the launch of the Phanes Group Solar Incubator 2017, aiming to help you bring your sub-Saharan Africa PV project to financial close - joining forces with top-tier partners such as Proparco, responsAbility, Hogan Lovells, and Solarplaza. Get your PV project funded and drive it to financial close. Be supported by key industry players and receive mentoring from them. Give back to the local community and make a difference. Entries close October 1, 2017; visit the Solar Incubator page through the link below, and apply now!

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    Aug 30 2017

  • Where Renewable Energy is Fueling Job Creation
    • Solar and wind energy are undoubtedly on the rise. The renewable sector as a whole continues to scale up, and countries around the world, particularly growth markets, are announcing promising policy changes that make a big contribution to our global sustainability goals. Andrea Haupts, Chief Operating Officer of Phanes Group, discusses the potential for renewables to be a key driver of job growth.

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    Aug 10 2017

  • Phanes Group Cooperates with Meteocontrol on the DP World Solar Power Programme
    • Phanes Group is currently cooperating with meteocontrol GmbH, a leading provider of independent photovoltaic monitoring systems, on Phase I of the DP World Solar Power Programme - Dubai’s largest distributed solar industrial rooftop project. 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.

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    Aug 1 2017

  • UAE SMEs Report Triple-Digit Growth Total of 103 Small & Medium-sized Enterprises Compete
    • Phanes Group has been shortlisted as one of 103 small and medium-sized enterprises as a finalists competing for honors at the 2017 Gulf Capital SME Awards.

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    Jul 9 2017

  • Solar is a Competitive Source in the Energy Mix: An Interview with PV Magazine
    • Solar represents a competitive source in the energy mix across growth markets such as the Middle East & North Africa (MENA) and sub-Saharan Africa - Phanes Group's focus markets. In this interview with PV Magazine, Martin Haupts discusses the state of solar development in these regions, as well as Phanes Group's current activities and future plans. Read the article, through the link below.

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    Jul 3 2017

  • Supporting Local Nigerian Communities in Sokoto and Kebbi States on Eid al Fitr
    • For us at Phanes Group, making a real difference means supporting the local communities where we are developing solar projects. On the eve of Eid al Fitr, we donated bags of rice and cooking oil to villages in Sokoto and Kebbi states, located in Nigeria, just in time for the celebratory close to Ramadan.

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    Jun 25 2017

  • Three Key Takeaways from this Year's Africa Energy Forum in Copenhagen
    • Last week, the Phanes Group team attended the 2017 Africa Energy Forum in Copenhagen - a key calendar event for the industry's biggest players dedicated to the African continent. In follow-up, CEO Martin Haunts discusses key takeaways from the conference

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    Jun 13 2017

  • Setting Up for this Year's Africa Energy Forum (AEF) in Copenhagen
    • The Phanes Group team's involvement with this week’s Africa Energy Forum 2017 comes at an important time for our work on the continent. By the end of this year, we’re planning to bring our first utility-scale project in Nigeria’s Sokoto state to financial close. The project is one of three from Phanes Group in the country which together total 260 MW, and is also among 14 PPAs backed by the Nigerian government.

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    Jun 5 2017

  • All Eyes on Africa: An Interview with the Africa Energy Forum in the Lead-Up to AEF 2017 in Copenhag…
    • Phanes Group is pleased to be exhibiting at the Africa Energy Forum (AEF) in Copenhagen next month. In the build-up to the event, CEO Martin Haupts spoke to EnergyNet – the forum organizers, about the best model for electrifying the continent and being an end-to-end solar provider.

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    May 9 2017

  • Recognition as "Leading UAE Renewable Energy Company of the Year" in the 2017 UAE Business…
    • Phanes Group has been recognized by MEA Markets as the "Leading UAE Renewable Energy Company of the Year" in the 2017 UAE Business Awards. This recognition of our work is the result of our staff giving their best every day to deliver the highest standard of quality and expertise in new and growing markets. A big thank you to the team!

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    May 2 2017

  • "SMEs are Changing the Renewables Landscape", First Published in Arabian Business Magazine
    • A discussion on the impact SME's (Small & Medium-Sized Enterprises) are having on the renewable energy sector by Andrea Haupts, COO of Phanes Group. Read the article here - first published in Arabian Business magazine.

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    Feb 12 2017

  • Dubai Eye Radio Interview at World Future Energy Summit - Abu Dhabi Sustainability Week
    • As last week's World Future Energy Summit / Abu Dhabi Sustainability Week came to a close, Martin Haupts discussed the state of the industry with radio station Dubai Eye 103.8. Tune in with the podcast linked below (interview starts at 45 minutes, 25 seconds).

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    Jan 26 2017

  • New Year, New Opportunities - Reflection on the Case for Renewables Today
    • Following-up to last week's World Future Energy Summit (WFES) in Abu Dhabi UAE - and as we head into the new year - Martin Haupts reflects on the case for renewable energy today. Read the full posting through the link below.

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    Jan 25 2017

  • World Future Energy Summit / Abu Dhabi Sustainability Week
    • The UAE energy strategy 2050 and Saudi Arabia’s plans to go big on renewables and nuclear energy were some of the highlights of the four-day World Future Energy Summit (WFES) this year. Martin Haupts reflects on the opportunities these represent in this article by Gulf News.

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    Jan 22 2017

  • A Conversation on the Renewable Energy Sector in the Middle East
    • Construction Week Online speaks with Martin Haupts on the renewable energy sector in the Middle East region, and about Phanes Group's plans for growth.

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    Jan 8 2017

  • "MENA Solar Market Outlook for 2017" Published by PV Insider and CSP Today
    • PV Insider and CSP Today have published their “MENA Solar Market Outlook for 2017” whitepaper, where Phanes Group CEO Martin Haupts speaks about the future of distributed solar in the region.

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    Dec 23 2016

  • "Secrets to Start Up Success", based on article first published in Finance Middle East
    • Andrea Haupts, COO of Phanes Group, shares her insights with Finance Middle East on starting and developing a start-up business, for the magazine's November 2016 issue.

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    Nov 28 2016

  • "Jobs, Economic Growth, and Social Mobility are all Byproducts of our Fight to Tackle Climate C…
    • COP22 was billed as a meeting that would strengthen the world’s commitment to a clean energy future. Instead, an unexpected Presidential result in the US left many leaving Morocco worried for the Paris Agreement and cast a shadow over the near-term future for renewable energy – part of the world’s action plan to tackle climate change. But the truth is, renewable energy is now much more than just a climate mitigation initiative. As an industry, it’s growing – creating jobs, stimulating investment, driving economic development and catalyzing investment research. IRENA reports that over 8 million people are now employed in the renewable energy industry, and that figure continues to grow.

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    Nov 25 2016

  • Rural Electrification Initiatives: Solar Powered Water-Pumps for Nigeria
    • As part of its initiatives for rural electrification, Phanes Group is bringing solar powered water-pumps to Nigeria’s rural areas to help farmers save on cost for diesel while also saving on CO2 emissions.

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    Nov 15 2016

  • Collaboration with DP World on Sustainable School Container Showcased at Wetex 2016
    • Phanes Group is collaborating with DP World on CSR projects to cater to those who need energy solutions to improve their lives. This showcase school container was displayed on Wetex 2016 in Dubai and will be donated to a refugee camp to provide a safe teaching environment. More interesting projects coming soon.

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    Nov 13 2016

  • Phanes Group team on site at the DP World Solar Power Programme.
    • Working hard to help make the Shams Dubai program a success.

    Nov 9 2016

  • View from the Site: Construction of the DP World Solar Power Programme
    • Phanes Group team on site at the DP World Solar Power Programme. Working hard to help make the Shams Dubai program a success.

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    Nov 4 2016

  • Phanes Group to Build 300 MW of Solar PV in Nigeria
    • The Dubai-based developer signs PPA initiative to construct 100 MW solar farm in Sokoto in 2018, with two further 100 MW plants to follow in 2019. The first project will entail a 100 MW solar farm in the country’s Sokoto region, with the first 50 MW phase of the plant penciled in for completion in the first quarter of 2018, and the entire plant scheduled to be online before the end of that year.

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    Nov 3 2016

  • White Paper on Dubai Green Leadership Series Conference: Outcomes and Effects of COP 21
    • Media ME has published a whitepaper on last May's “COP 21: Outcomes and Effects on the Public-Private Sectors” conference - a Green Leadership Series event organized by Dubai Science Park and Dubai Green Economy Partnership. Phanes Group CEO Martin Haupts was invited to share his perspective on the role of the private sector in partnering to achieve the UAE’s Green Economy vision.

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    Jul 27 2016

  • Phanes Group Opens African Head Office in Johannesburg, South Africa
    • Phanes Group has launched a regional branch office in South Africa, which will act as a hub for the firm's activities both in South Africa and across Sub-Saharan Africa. Currently, Phanes Group's pipeline on the African continent exceeds 650 MW, including a 150 MW project under development in South Africa.

    Jun 7 2016

  • Dubai Green Economy Partnership Conference on Outcomes & Effects of COP 21
    • On May 16th 2016, the Dubai Green Economy Partnership and Dubai Science Park held the latest conference in its “Green Leadership Series”, with the attendance of UAE’s Ministry of Energy (MOEnr), Dubai Electricity and Water Authority (DEWA), Dubai Supreme Council of Energy (DSCE), the United Nations Development Programme (UNDP), Dubai Municipality, and the UAE Water Aid Foundation (Suqia). Titled “COP 21: Outcomes and Effects on the Public-Private Sectors”, the event explored the impact of the recently-signed Paris Agreements on the UAE, as well as the UAE’s path towards achieving its sustainable development goals. A particular theme was the collaboration between the public and private sectors, and Phanes Group CEO Martin Haupts was invited to share his perspective on the role of the private sector in partnering to achieve the UAE’s Green Economy vision.

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    May 16 2016

  • Future Cities Middle East Interviews CEO Martin Haupts
    • Phanes Group CEO Martin Haupts was interviewed for the April 2016 issue of Future Cities Middle East. The article features Martin's views on the Middle East region's rapidly changing market for solar PV projects, his perspective on the future, as well as the development of Phanes Group

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    Apr 25 2016

  • "An Earth Day Message to Capital Markets", Article Published in Arabian Business
    • Today is the 46th Earth Day and people from all walks of life, and all over the world will demonstrate their support for environmental protection. It’s the biggest of the environmental celebrations and the Earth Day Network anticipates a billion people from 192 countries will take action today to safeguard the planet.

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    Apr 22 2016

  • Phanes Wins DP World Tender to Deliver First Phase of Largest Rooftop Solar Project in the Middle Ea…
    • Green Energy Tomorrow, the regionally focused rooftop solar specialist launched by Phanes Group – has signed an agreement with DP World to deliver the first phase of the largest rooftop solar project in the Middle East. Green Energy Tomorrow secured the rooftop project following a competitive tender process.

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    Apr 19 2016

  • Phanes Group Wins DP World Tender to Deliver First Phase of Largest Rooftop Solar Project in Middle …
    • Green Energy Tomorrow, the regionally focused rooftop solar specialist launched by Phanes Group - has signed an agreement with DP World to deliver the first phase of the largest rooftop solar project in the Middle East. Green Energy Tomorrow secured the project following a competitive tender process. The project complements Dubai’s efforts to diversify energy sources in line with Dubai Vision 2021 and the Dubai Integrated Energy Strategy 2030 which seek to reduce energy demand by 30% by 2030.

    Apr 17 2016

  • Jebel Ali power plant leads Dubai on solar energy, but firms face bottleneck
    • More than 5,000 solar panels are helping a Dubai power station to become one of the region’s largest, single rooftop arrays, but companies say the authorisation process is inhibiting a large-scale roll-out. The Dubai Electricity and Water Authority (Dewa) announced yesterday that its Jebel Ali power plant was producing 1.5 megawatts of power, which is enough to power about a quarter of a million homes, according to the US-based Solar Energy Industry Association.

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    Apr 4 2016

  • Dominican Republic completes 33.4 MW PV plant in Monte Plata
    • A 33.4 MW solar plant was officially inaugurated in Monte Plata province of the Dominican Republic. Monte Plata Phase I solar array has been developed by the Dubai-based Phanes Group, Taiwanese NSP Group and German Soventix.

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    Mar 31 2016

  • Phanes Group Launches Green Energy Tomorrow
    • Phanes Group, an international solar PV developer, asset manager and investment manager, has launched a full service solar entity, the company announced on March 5th, 2016. Green Energy Tomorrow, will specialize in rooftop solar PV (distributed) and smaller-scale ground mounted solar PV systems in the United Arab Emirates and the GCC region.

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    Mar 7 2016

  • Phanes Group Launches Full-Service Solar Entity ‘Green Energy Tomorrow’
    • Phanes Group has launched Green Energy Tomorrow, a full-service solar entity specializing in rooftop solar opportunities, i.e. rooftop portfolios and smaller-scale ground mounted solar systems. Its initial geographic focus will be the United Arab Emirates (UAE) and Dubai in particular, but the company also sees a strong growth potential especially with regards to the wider GCC region and Sub-Saharan Africa. Green Energy Tomorrow is wholly owned by Phanes Group and its shareholders General Energy Solutions (GES) and Neo Solar Power (NSP) both from Taiwan – combining the extensive deployment, investment and financing expertise of Phanes Group, with the technology of its partners GES and NSP to scale up solar in the region.

      www.greenenergytomorrow.com

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    Mar 7 2016

  • Phanes Group to Expand Solar Pipeline to 500 MW
    • Dubai-based solar company is targeting the addition of 500 MW of solar PV by 2018 across numerous regions globally; General Energy Solutions' 30% acquisition delivers ambitious boon for the company.

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    Feb 16 2016

  • Annual "State of Green Economy" report by Dubai Carbon
    • Dubai Carbon and the United Nations Development Programme have issued the latest edition of their annual "State of Green Economy Report". Read an excerpt of the article "Supply and Demand Go Hand-in-Hand: How the Private Sector Can Assist Dubai in Achieving its Renewable-Energy Targets", in which Phanes Group Managing Director, Martin Haupts is quoted.

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    Dec 7 2015

  • Bank Financing Falls Short of UAE's Green Economy
    • Phanes Group's Managing Director, Martin Haupts, has been quoted in The National, in today's article: "Bank Financing Falls Short of UAE's Green Economy".

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    May 31 2015

  • National Round Table on Financing & Investing in the Green Economy
    • The National Round Table on Financing & Investing in the Green Economy was held in Dubai, gathering financial institutions and regulators as well as Green Economy policy makers and businesses from across the UAE. The aim was to initiate dialogue on motivating the finance sector to become actively involved in the transition to a greener, more sustainable economy in the UAE and globally. Martin Haupts, Managing Director of Dubai-based Phanes Group, was one of the panelists discussing the financing of low carbon opportunities. He sees huge potential in this field, especially in the range of $15m to $50m sukuk: “The green initiatives offer long-term stable revenues over 15 to 20 years. Islamic finance with securitization is a great option where conventional financing is not ready for the risk.” The conference was co-hosted by the UAE Ministry of Environment and Water and the United Nations Environment Programme Finance Initiative (UNEP FI) and was attended by 300 participants. It forms part of the UAE preparations – in collaboration with UNEP – for hosting the 2016 UNEP FI Global Roundtable on Sustainable Finance under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crowne Prince of Dubai.

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    May 25 2015

  • World Future Energy Summit: Financing Sustainable Energy Solutions in MENA
    • Phanes Group’s Managing Director Martin Haupts described ways to refinance renewable energy assets in the Mena region, giving previous case studies from Phanes Group in the context of recent market developments during World Future Energy Summit (WFES) in Abu Dhabi. He was part of a panel discussion about Green Sukuks (Islamic Bonds) and Financing Sustainable Energy Solutions in Mena organized by the Clean Energy Business Council. The interactive seminar addressed sustainable energy financing in the region, and also discussed new ways of thinking about finance and capital for renewable energy projects. The financing of renewable energy projects is seen as an issue because banks are often nervous about funding such initiatives. It has resulted in organizations seeking more innovative ways to fund renewable energy developments. The Clean Energy Business Council has been working with Dubai Ministries to promote a green sukuk as a new way of financing clean energy projects. WFES is the Middle East’s largest gathering on future energy and attracted up to 30,000 delegates from 170 different countries.

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    Jan 20 2015

  • Solar Energy Investment and Development Conference (SEIDC) in Cairo
    • Phanes’ Managing Director Martin Haupts spoke at the SEIDC conference in Cairo alongside Philip ter Wort, Egypt Director of European Bank for Reconstruction and Development (EBRD) on mitigating investment risks and attracting FDI for the Egyptian solar market. In this panel discussion, the speakers specifically addressed how to identify key investor priorities and requirements. They also assessed fiscal incentives in place to attract investors and further requirements for the solar industry. SEIDC is the first conference dedicated to the solar energy industry in Egypt and was held alongside the 24th International Power, Energy and Security Forum. It aims to be a networking platform for the industry in Egypt in order to discuss and learn about shaping policy and exchange knowledge about the market, finance and investment possibilities.

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    Dec 4 2014

  • Phanes Supports GES
    • Phanes supports GES in a £18m solar deal to benefit up to 4,500 Manchester homes. Up to 4,500 social homes in Manchester will be fitted with solar panels after a housing association agreed an £18m deal.

    Aug 5 2014

  • Phanes Group Starts Operations in Dubai
    • Phanes Group starts operations through PAG Renewable Energy Services in Dubai to cater to the growing demand of renewable energy in the region. PAG Renewable Energy Services is a project management specialist that focuses on renewable project development in the EMEA region with a distinct focus on solar energy and the Distributed PV segment. PAG’s geographical location positions the company perfectly to harness the arising opportunities in the EMEA renewable markets.

    Aug 1 2014

Industry news

  • Saudi Arabia Issues Rules for Small-Scale Solar Energy Generation
    • Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, the government said on Monday. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more than 2 megawatts, the Electricity and Cogeneration Regulatory Authority said. Consumers will have their excess electricity offset against their future consumption and after a year they will receive cash payments at a tariff approved by the authority.

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    Aug 21 2017

  • World Bank Finances Niger’s Off-Grid Solar Initiative with $50 million
    • Niger’s cabinet has ratified an agreement it closed in June with the International Development Association (IDA), which is part of the World Bank, for a €42.7 million ($50.3 million) financing that is planned to support the Niger Solar Electricity Access Project (NESPA), an initiative aimed at bringing solar power to rural communities.

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    Aug 15 2017

  • World Bank Approves $150m USD to Fund Off-Grid Systems in Northeastern Kenya
    • The World Bank this week approved $150m to fund off-grid solar systems in northeastern Kenya. The International Development Association credit is planned to provide power for an estimated 1.3 million people across 14 counties in Kenya’s northern and northeastern regions. According to the Bank, the project will aim to provide solar-based energy services to households, schools, hospitals, businesses and community centres through public-private partnerships that include “practical business models that attract private sector investment”. The project will include a technical assistance component that will facilitate a consumer education campaign as well as a capacity building programme.

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    Aug 3 2017

  • Mauritius' Central Electricity Board (CEB) Launches Net Metering Scheme for Residential PV
    • Mauritius’ Central Electricity Board (CEB) has launched the second phase of the Small Scale Distributed Generation Net-Metering Scheme. The new phase of the program is expected to enable the installation of up to 2 MW of PV systems not exceeding 5 kW. Under the scheme, customers generating electricity will export any excess energy in the grid, in the form of kWh credits. The credits will be used when the customer’s system is not producing enough power to meet demand.

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    Jul 20 2017

  • International Energy Agency (IEA) Releases Latest Edition of its World Energy Investment Report
    • The International Energy Agency (IEA) has released its World Energy Investment report, showing that while there was a 12% fall in global energy investment last year, clean energy spending specifically claimed a record-high 43% share of all expenditure. $1.7 trillion USD is estimated to have been invested in global energy sectors last year, which accounts for 2.2% of global GDP.

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    Jul 13 2017

  • Government of Sudan Prepares to Launch Feed-In Tariff Scheme with Support from the UNDP
    • The Sudanese government is currently preparing to launch a Feed-In Tariff Scheme for solar energy and for renewables in general. Developed with the support of the United Nations Development Programme (UNDP), it is expected to encourage grid-connected renewable energy projects as well as off-grid generation. They are now seeking consultants with experience in the development of national FIT programs to help the local government and the country’s Electricity Regulatory Authority (ERA) find the most suitable legal and regulatory framework for a future incentive scheme.

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    Jun 21 2017

  • Algeria Launches Solar Energy Cluster
    • The Algerian government has officially launched a new solar energy cluster (Cluster algérien des énergies solaires). So far, 16 small and medium-sized solar enterprises and research institutes have joined the project. The cluster is intended to help solar energy players in Algeria to share their expertise and to mutually support future projects. In October 2014, Sonelgaz and the Algerian government revealed plans to deploy 4 GW of solar power for the first time. So far, however, the government has not made any announcement.

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    Jun 1 2017

  • AfDB and UN Environment Programme Release "Atlas of Africa Energy Resources" Report
    • Energy consumption in Africa is the lowest in the world, and per capita consumption has remained almost constant since 2000 – according to the new Atlas released Thursday 4 May by UN Environment and the African Development Bank during the World Economic Forum. Current energy production in Africa is insufficient to meet demand, with about a third of the total population of Africa still lacking access to electricity. The Atlas – developed in collaboration with the Environment Pulse Institute, United States Geological Survey and George Mason University – consolidates information in the “form of detailed ‘before and after’ images, charts, maps and other satellite data from 54 countries through visuals detailing the challenges and opportunities in providing Africa’s population with access to reliable, affordable and modern energy services” – said UN Environment in a press release.

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    May 11 2017

  • IRENA: Solar Outpaced Wind During Banner Year For Renewables
    • Adding to the list of studies highlighting the immense growth of renewables last year, the International Renewable Energy Agency (IRENA) has released a new report that finds global renewable energy generation capacity increased by 161 GW in 2016, making it the strongest year ever for new capacity additions. Perhaps most notably, though, the report also says solar growth outpaced wind energy for the first time since 2013. IRENA’s Renewable Energy Capacity Statistics 2017 report estimates that by the end of last year, the world’s renewable generation capacity reached 2,006 GW, with solar energy showing particularly strong growth.

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    Apr 6 2017

  • Energy transition to generate US$10 trillion in benefits by 2050 – IEA/IRENA
    • The route to decarbonisation in the energy sector will create benefits of US$10 trillion every year by 2050, while requiring only US$1.8 trillion to implement, according to a new joint report from the International Energy Agency (IAE) and the International Renewable Energy Agency (IRENA). In their first ever collaboration, IEA and IRENA found that a total of 6 million jobs would be created, even when accounting for jobs lost in other industries. Further jobs will also be created in the energy efficiency sector. However, the report also found that losses at oil and gas companies could reach more than US$1.3 trillion if the transition is not managed properly.

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    Mar 20 2017

  • European Commission Reaffirms Support for Renewable Energy in Africa
    • The European Commission has announced its continued support to the African continent by promoting renewables through the Africa Renewable Energy Initiative. The Commission said this initiative is in line with its wider efforts in the implementation of the 2030 agenda on sustainable development and the Paris Climate Change Agreement. Launched in December 2015 at COP21, the Africa Renewable Energy Initiative (AREI) is an Africa-owned initiative of the African Union.

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    Mar 9 2017

  • IRENA "REthinking Energy 2017" Report: Accelerating the Global Energy Transformation
    • Renewable energy is a fundamental and growing part of the global energy transformation. Increasingly, renewables have become the first choice for expanding, upgrading and modernising power systems around the world. Click here to view IRENA's "REthinking Energy 2017" report, on accelerating the global energy transformation.

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    Mar 5 2017

  • Nigeria Plans Africa's First Sovereign Green Bond, Addressing Climate Change and the Environment
    • Acting President, Prof. Yemi Osinbajo on Thursday said that the Federal Government was making arrangements to inaugurate the first African Sovereign Green Bond to address climate change and environmental projects. Osinbajo said this at the Green Bonds Capital Market and Investors Conference organised by the Federal Ministry of Environment and the Debt Management Office (DMO) at the Nigerian Stock Exchange (NSE) office in Lagos. The News Agency of Nigeria (NAN) reports that Bonds are debt instruments issued by a government or a company which represent a fixed sum of money that was borrowed.

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    Feb 23 2017

  • VC Funding for Green Energy Reached Record High in 2016, Finds BNEF
    • Venture capital (VC) funds are increasingly turning to clean energy for safe investments, with 2016 seeing record levels of cash funneled into rooftop solar and other low-carbon technologies, finds Bloomberg New Energy Finance (BNEF). Last year, a total of $834 million went via VC funds into the clean energy industry. This is the highest figure recorded by BNEF since the analysts first started collecting data in 2004, and marked the third consecutive year that the figure invested increased. This momentum suggests a returning confidence among VC and private equity (PE) investors in solar, wind and other green technologies, having been chased away from the sector by more mainstream investors over the past five years.

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    Feb 13 2017

  • Solar Photovoltaic (PV) Milestone: 300 Gigawatts Installed Worldwide
    • On Sunday, the German Solar Association (BSW-Solar) announced the growth of solar photovoltaic (PV) technology has now reached a significant milestone with 300 GW of total installed solar power capacity around the world. The global solar PV market increased by nearly 70 GW in 2016, reaching 294.69 GW, led by China, according to research and consulting firm GlobalData – a jump of around 30 per cent in new deployment compared to the previous year 2015. The photovoltaic systems installed in 2016 alone generate around 90 terawatt hours of clean solar power.

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    Feb 7 2017

  • Nigeria: Bank of Industry (BoI) Launches $3 million USD Solar Energy Fund
    • Former United Nations Under-Secretary-General and currently the Special Representative of the Secretary General on Sustainable Energy for All, Dr Kandeh Yumkella has applauded the growth of alternative energy in recent years.Dr Yumkella was speaking in Lagos, Nigeria at the launch of N1billion ($3 million) Solar Energy Fund for Micro, Small and Medium Enterprises (MSMEs) by the Bank of Industry (BoI), The Nation reported.

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    Jan 29 2017

  • Saudi Arabia Picks Up Pace on its Renewable Energy Drive, Targeting Close to 10 GW by 2023
    • Saudi Arabia plans to invest up to US$50 billion to help meet its target of producing enough electricity from renewables to power the equivalent of 3 million homes within six years, the country’s oil minister said yesterday. The government has set a target of generating 9.5 gigawatts of electricity from renewables by 2023 as it reduces its reliance on burning oil to produce power. Saudi Arabia will eventually generate 70 per cent of its electricity from gas – up from about 40 per cent in 2014 – and the remainder from renewables and other sources, Mr Falih said.

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    Jan 16 2017

  • UAE to Invest US$163 Billion in Clean Energy by 2050, Announcing UAE Energy Plan 2050
    • Vice President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum announced the UAE’s new energy strategy for the next 30 years. This new strategy aims to spur the integration of clean energy into the total energy mix to 50%, which will generate savings of AED700 billion (US$191 billion) by 2050.

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    Jan 11 2017

  • Nigeria to Sell $63 Million of ‘Green Bonds’ in First Quarter
    • Nigeria plans to raise 20 billion naira ($63 million) by March to help fund renewable energy projects, the first issuance of so-called green bonds in West Africa’s biggest economy. “We are on track to sell the bond in the first quarter, a sovereign, and could have another by the end of the year,” Environment Minister Amina Mohammed said in an interview Friday in the capital, Abuja.

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    Dec 9 2016

  • Abu Dhabi establishes net metering for small-scale solar
    • Abu Dhabi is in the process of establishing net metering regulations for small-scale solar in the region. The Regulation & Supervision Bureau of Abu Dhabi is currently gathering public comment on the proposition which will allow for net metering of small solar sites of between 50kW and 5MW in capacity. In the process, the body hopes to set out any necessary requirements for implementation, establish a framework and ensure the safe construction, installation and O&M of small-scale PV systems.

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    Nov 25 2016

  • African Development Bank (AfDB) Pledges $12bn for Renewables
    • Last week, the multilateral financial institution stated that the funds will be spent over the next five years under the African Renewable Energy Initiative of the Africa Union (AU), the Standard Media reported. The initiative targets to deliver 10GW of electricity by 2020 and 300GW by 2030.

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    Nov 21 2016

  • IEA: Global Solar PV Capacity Surpassed 227GW in 2015
    • Last year was a record year for global PV installations, according to the International Energy Agency’s latest Trends in Photovoltaic Applications report, released last week. Worldwide installed capacity amounted to 51 gigawatts in 2015, up from around 40 gigawatts in the two preceding years.

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    Nov 11 2016

  • AfDB Announces Its Annual Climate Financing to Triple to $5-billion Dollars by 2020,
    • The African Development Bank (AfDB) on Tuesday, announced that its annual climate financing will triple to $5-billion dollars a year by 2020, which will increase its total new investments to 40% by 2020. This was announced at the sixth Conference on Climate Change and Development in Africa (CCDA-VI) which is held in United Nations Economic Commission for Africa, Addis Ababa.

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    Oct 20 2016

  • Total Corporate Funding in PV Sector Rises to US$3 billion in Q3 2016
    • Global clean energy communications and consulting firm Mercom Capital Group released its report on funding and merger and acquisition (M&A) moves for the PV market in the third quarter of 2016. Total corporate funding, including venture capital, public market and debt financing into the solar sector in Q3 2016 was up to about US$3 billion in 45 deals — compared to US$1.7 billion in 32 deals in Q2 2016.

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    Oct 13 2016

  • IFC partners with UK Dept. for International Development for Solar in Nigeria
    • International Finance Corporation (IFC), a member of the World Bank Group has announced its partnership with the DFID, aimed at facilitating the deployment of off-grid and embedded solar systems in commercial and industrial sectors in the West African country. The IFC announced in a statement explained that the ultimate goal is to help corporates and SMEs to have better and more reliable access to electricity, utilising the country’s abundant solar resources. In addition, this will contribute to Nigeria’s sustainable economic growth and greenhouse gas emission reduction objectives.

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    Sep 29 2016

  • IRENA Report Shows Strongly Declining Costs for Utility-Scale Solar in Africa
    • It has never been "more possible, and less expensive" for Africa to build solar power capacity, as the installed cost for utility-scale parks has fallen to as low as USD 1.30 (EUR 1.16) per watt, the International Renewable Energy Agency (IRENA) says in a new report. Since 2012, utility-scale solar photovoltaic (PV) costs on the continent have decreased by 61% and IRENA Director-General Adnan Z Amin says further declines of up to 59% are possible in the next 10 years.

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    Sep 22 2016

  • Solar power tops investment opportunity ranking in Africa
    • Solar power topped the ranking of most promising investment opportunities in Africa as the energy sector was considered to be the main driver of economic growth within the 2020 horizon, according to survey among top finance institution. The survey was carried out among 55 financial institutions and banks...

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    Aug 15 2016

  • GTM: Global solar installations to grow by 43% to 73GW in 2016
    • Global solar installations are expected to grow 43% this year, to 73GW, according to GTM’s latest report, ‘Global Solar Demand Monitor, Q3 2016’. 2016 is set to be another record year for solar globally, after 2015 which had a total demand of 55GW, 10GW more than the previous year. The first half of 2016 saw a major uptick in demand driven by an unprecedented volume of installations in China and the UK, in advance of expiring capital incentives. Also in H1 2016, the US reached a record-breaking 1 million solar system installs, which further solidified the nation’s number 2 position in the global market, with 14.5GW, bolsted by the ITC extension. India completed 2GW of solar installs within the same time frame.

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    Aug 4 2016

  • IRENA Report Finds that the Dominican Republic Can Triple Renewable Energy Share by 2030
    • The Dominican Republic could increase the share of modern renewable energy in its energy mix from 9 to 27 per cent by 2030, according to a new report launched by IRENA.

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    Aug 2 2016

  • IRENA: Solar could meet up to 13% of global power demand by 2030
    • On Wednesday, the International Renewable Energy Agency (IRENA) released a new report at the Intersolar Europe trade show which looks at multiple aspects of the dramatic growth of solar industry. Letting in the Light forecasts that global solar PV capacity could increase roughly 10-fold from 227 GW today to 1,760-2,500 GW.

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    Jun 23 2016

  • Coal and Gas to Stay Cheap, but Renewable Still Win Race on Costs
    • This year’s edition of BNEF’s long-term forecast sees $11.4 trillion investment in global power generation capacity over 25 years, with electric vehicles boosting electricity demand by 8% in 2040. Some $7.8 trillion will be invested in green power, with onshore and offshore wind attracting $3.1 trillion, utility-scale, rooftop and other small-scale solar $3.4 trillion, and hydro-electric $911 billion.

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    Jun 12 2016

  • Renewables enjoy record 2015 in terms of investment and installations, REN21 report says
    • Last year was a record 12 months for renewable energy investment and installations, with REN21 calculating in its latest global status report that the world boosted its clean power capacity by 147.2 GW in 2015. The Renewables 2016 Global Status Report, published today, found that new installations of renewable power generation capacity reached 1,848.5 GW cumulatively at the end of last year, fuelled by record levels of spending.

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    Jun 1 2016

  • Why Cities Are So Well-Suited to Renewable-Energy Growth
    • Last week, 175 countries signed onto a global agreement to significantly reduce carbon emissions in the face of the threat of climate change. Many of those same countries—particularly India, China, and Nigeria—are simultaneously experiencing major urbanization trends that will move billions of people into cities over the next several decades. In fact, according to the United Nations, approximately 2.5 billion people will likely join the world’s urban population by 2050, almost entirely in Asia and Africa. By that time, two-thirds of the world’s population is projected to be living in urban areas, according to the United Nations.

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    Apr 29 2016

  • IRENA's Latest "Renewable Capacity Statistics" Shows 2015 Was a Record Year of Growth
    • IRENA has released its latest 'Renewable Capacity Statistics' report, showing 2015 was a record year for renewable energy generation capacity – expanding 8.3% globally even within the context of depressed oil & gas prices. New solar installations were particularly strong, with 47 GW of capacity added during the year.

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    Apr 14 2016

  • World Bank Reveals New Climate Change Action Plan, In Lead-Up to Signing of Paris Agreement
    • In the lead-up to the coming Paris Agreement signing, the World Bank revealed on Thursday its new Climate Change Action Plan, detailing its plan to support the development of 30 GW of renewable energy in developing countries. In particular, it has designated distributed solar (and rooftop specifically) as high-opportunity sectors.

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    Apr 13 2016

  • Major milestones reached on renewable energy investments, UN reports
    • Coal and gas-fired electricity generation last year drew less than half the record investment made in solar, wind and other renewables capacity - one of several important firsts for green energy recently announced in a United Nations-backed report. "Renewables are becoming ever more central to our low-carbon lifestyles, and the record-setting investments in 2015 are further proof of this trend,” said UNEP Executive Director Achim Steiner in a press release. “Importantly, for the first time in 2015, renewables in investments were higher in developing countries than developed."

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    Mar 25 2016

  • Solar PV rose to 2.8% of Chile's electricity generation in February
    • Chile's solar PV plants generated 170 gigawatt-hours in February and represented 2.8% of gross electricity production, according to the latest report from the Center for Renewable Energies (CIFES).

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    Mar 16 2016

  • DUBAI LAUNCHES “CLEAN ENERGY STRATEGY 2050”, TARGETING SOLAR ON EVERY ROOF
    • Coinciding with the inauguration of Phase II of the Mohammad bin Rashid Al Maktoum Solar Park, the Dubai government launched its “Clean Energy Strategy 2050” this Saturday – aiming to continue reducing the Emirate’s dependency on traditional fossil fuels, and targeting a 75% renewables mix by 2050. With the slogan “solar panels on every roof”, the government hopes to generate 25% of all energy through solar by then. Based on 5 key pillars (infrastructure, legislation, funding, capacity building, sustainable energy mix), the plan will be backed by significant initiatives including an AED 100 billion (27bUSD) ‘Green Fund’ to provide loans to clean energy investors at reduced rates, the establishment of a new clean energy free zone (‘Dubai Green Zone’), and infrastructure projects to come.

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    Nov 30 2015

  • ABU DHABI FUND FOR DEVELOPMENT AND IRENA OPEN NEW ROUND OF RENEWABLES FUNDING
    • The Abu Dhabi Fund for Development (ADFD) and IRENA have opened a new round of funding to support renewable energy projects in developing markets, with total volume at around $50 million USD. Funding will take the form of concessional loans between $5 million USD and $15 million USD offering lower interest rates than traditional loans. Almost 30% of past funding has been channelled to Africa, opening the door for UAE companies to participate in the renewables development in these markets.

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    Nov 16 2015

  • Survey: Dubai, Jordan and Saudi Arabia MENA high potential markets
    • A survey by DNV GL of a range of participants in the MENA region's solar markets has confirmed that Dubai and Jordan are considered the markets with the greatest short term potential. Looking beyond two years, Saudi Arabia is seen as having the highest potential, despite the slow movement in the market today. Jordan offers a FIT for projects under 5 MW in size, and has launched its second utility scale tender. Dubai trails Jordan only slightly, in survey respondents’ expectations, with the 200 MW Sheikh Mohammed bin Rashid (MBR) Al-Maktoum Solar Park.

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    Jun 4 2015

  • Dubai to target 3000 MW of solar power by 2030 JUNE 3, 2015
    • Abu Dhabi: Dubai is targeting 3,000 mega watts (MW) of solar power by 2030, which is 15 per cent of the overall energy mix, a senior official of Dubai Supreme Council of Energy said on Wednesday. He said a 13MW solar plant has already been commissioned and another plant of 200MW capacity is under construction in Seih Al Dahal between Hatta and Dubai. “It will be commissioned in two years. We have a target to achieve 3000MW by 2030. We are clear in our objectives. There are also other sources of power adopted by private and government entities.”

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    Jun 3 2015

  • How renewable energy in South Africa is quietly stealing a march on coal
    • Although still heavily dependent on fossil fuels, South Africa has been quietly creating one of the world’s most progressive alternative energy plans. Solar, biomass and wind energy systems are popping up all over the country and feeding clean energy into the strained electrical grid. “It is set to completely transform these deep rural communities in terms of healthcare, education, job creation and a raft of other interventions. All this while putting green electricity on the grid at affordable prices,” said Johan van den Berg, director of the South African Wind Energy Association.

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    Jun 1 2015

  • UK's renewable generation up by 20%, says REA
    • Report by Renewable Energy Association and PwC finds installed clean energy capacity increased by nearly a quarter in past year, with jobs in sector up 9%. Electricity generated by the U.K.’s renewable energy sector has risen by 20% in the space of a year, according to a recent report conducted by the Renewable Energy Association (REA). The REA’s review has shown that total electricity generation reached 64,404 GWh in 2014, up 20% on 2013’s 53,667 GWh, with the U.K.’s solar and wind industries playing a significant part in that overall increase.

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    May 14 2015

  • UK - Solar to thank for UK grids lowest-ever peak demand forecast
    • The U.K.’s transmission system operator has revealed that it estimates peak demand will hit just 37.5 GW this summer, remarking that the growth of distributed solar PV has helped ease the burden on the national grid by around 900 MW since 2014. According to the National Grid, embedded U.K. solar power capacity almost doubled over the past 12 months, rising from 2.4 GW in February 2014 to 4.4 GW this year – this is solar PV capacity that is not connected to the national electricity transmission grid, but does show up on the grid indirectly as reduced demand.

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    Apr 10 2015

  • Solar electricity: Contributing to grid stability
    • There is no doubt that investing in solar electricity generates important environmental, economic and social benefits. Therefore, it comes as no surprise that Egypt has committed to generating as much as 20% of its energy from renewable sources, including solar by 2020. Governments, utility companies and private enterprises around the world have rapidly been embracing the potential to tap into our most abundant energy resource – the sun – and for good reason: the amount of sunlight that reaches the Earth’s surface every six minutes is sufficient to produce more electricity than the world’s population consumes over an entire year. Solar energy is not only clean and renewable, but is also cost competitive with fossil fuels.

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    Mar 22 2015

  • UK Solar Could be Subsidy-Free by 2020, says German Think Tank
    • Subsidy-free solar in the UK could thrive by the end of the decade, according to a report published by Berlin-based think tank Thema1 and supported by a coalition of European companies. The report, 'In Sight: Unsubsidised UK Solar,' predicts that all three sectors of the UK solar market (ground-mount, commercial and domestic) will be able to compete without subsidy with traditional forms of energy within the next 10 years.

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    Dec 4 2014

  • Department for Energy and Climate Change’s Fuel Poverty Strategy
    • The Department for Energy and Climate Change’s Fuel Poverty Strategy calls for further renewable energy measures. Broadly speaking, the new fuel poverty strategy highlights the need for further energy efficiency and renewable measures and is working on a new fuel poverty definition. The strategy is wide-ranging, but there are some specific areas linking to Regen SW’s work. Regen SW believes DECC will offer minimal funding to deal with fuel poverty; it will therefore be necessary to find as many alternative sources of funding as possible. On a government level, this means engaging different departments in fuel poverty for different reasons but it is equally relevant on the regional and local scale.

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    Oct 1 2014

  • Egypt Announces Renewable Energy Feed-in Tariffs
    • Egyptian President Abdel Fattah el-Sisi has said the country needs to invest at least $12 billion over the next five years in order to meet the electricity demands of the population. The Egyptian Ministry of Electricity and Energy has announced feed-in tariffs for electricity generated by solar and wind sources as part of the government’s efforts to increase the country’s energy capacity in the face of serious power shortages and recent power outages.

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    Sep 23 2014

  • How Solar Energy Can Solve Egypt's Electricity Crisis
    • Egypt is suffering a power crisis, and not just a political one. Over the weekend the Egyptian president, Abdel Fattah al-Sisi, made an appeal to the Arab world's most populous nation for patience after a series of serious blackouts. The daily blackouts have caused the metro in Cairo to grind to a halt during rush hour, business to be disrupted, and the city's already terrible traffic problem to get even worse. The power cuts left parts of the capital without running water, and caused 2,000 mobile phone signal boosters to fail. Mass protests have been held calling for the resignation of the Electricity Minister.

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    Sep 8 2014

  • UK to Become Number One European PV Market in 2014
    • UK to become number one European PV market in 2014 - The UK is set to become the largest market for solar PV in Europe during 2014, confirming its status as the hottest market across the region. This is the first time that the UK will have taken podium position for installed PV in Europe, and effectively ends the historic dominance of mainland Europe, in particular Germany.

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    Apr 22 2014

  • 100,000 More Solar Roofs in the Netherlands in 2013
    • The Dutch solar market saw good growth in 2013, approximately doubling from about 100,000 solar roofs to about 200,000 solar roofs. In 2014, the aim is to reach about 300,000.

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    Apr 9 2014

  • South Africa to Install Over 5.6 Million Solar Panels by 2015
    • Financial services group Old Mutual is understood to be by far South Africa’s major investor in solar photovoltaic projects. It is investing in at least nine projects established under the Renewable Energy Independent Power Producer Procurement (REIPPP) programme initiated by the government.

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    Jan 30 2014

  • GCC Booming Market for Solar Power
    • The region is poised to become a hub for solar energy, with $155 billion worth of projects set to be complete by 2017. The six GCC (Gulf Cooperation Council) countries have sanctioned $155 billion (Dh596 billion) worth of solar power projects that will generate 84 gigawatts when completed in 2017, according to the region’s first dedicated solar technology exhibition, Gulf Sol 2013. Derek Burston, Director of UK-based Bowmedia, organisers of Gulf Sol 2013, said in a statement the GCC countries had demonstrated their keenness to shift towards low-cost solar energy.

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    Sep 2 2013

  • Report Finds Renewable Energy Boom in the MENA Region
    • The International Renewable Energy Agency (IRENA), REN21 and the United Arab Emirates have released a new report which finds that renewable energy investment in the Middle East and North Africa (MENA) region increased 40% over 2011 to $2.9 billion in 2012. MENA Renewables Status Report identifies over 100 projects in development, and estimates that non-hydro renewable energy generating capacity could increase 450% over the next few years. MENA governments have announced plans to expand non-hydro renewable energy capacity to 50 GW by 2020 and 107 GW by 2030, compared to the current 1.7 GW.

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    Jul 29 2013