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  • 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: 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