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  • 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