Topic: International Markets

International Markets Articles

OPEC Nation Commits to Renewable Energy, But Investors Are Wary

Angola, one of Africa’s oil-producing OPEC countries, has recently announced an ambitious plan to add 800 MW of renewable energy capacity by 2025. In contrast to its carbon-intensive petroleum exports, the country’s energy mix is fairly clean, with over 70 percent of electricity production coming from hydropower. The government plans to maintain a clean energy mix – 66 percent from hydropower and an additional 8 percent from renewable energy – while doubling access to electricity within the next decade.

Global Innovation Lab for Climate Finance Incubates Programs

2016 is a hot year for climate finance. Global Innovation Lab for Climate Finance is seeking to speed up innovation to solve these global challenges. It is engineering new solutions and supporting the development of new finance instruments that unlock private investment for climate-resilient and low-carbon growth in developing countries.

Solar Stakeholders Sharpen Their Ability to Reduce Soft Costs

While the installation costs for solar in the United States have dropped dramatically in recent years, the number is double that in Germany. The difference has mainly resulted from soft costs – costs that do not relate directly to construction. To explore the cost-reduction opportunities, Solar Power World held a webinar on April 28 to discuss some major strategies for installers to decrease the soft costs of financing, training, and local solar programs.

Replacing Diesel Generation with Hybrid Renewable Energy Plants

What players are emerging to transform the fleet of off-grid diesel power plants in developing countries? This year’s Finance for Resilience winners at the Bloomberg New Energy Finance Future of Energy Summit included Global Renewable Independent Power Supplier (GRIPS). GRIPS seeks to connect large off-takers with investors through an innovative, market-based approach. According to Alexander Voigt, CEO of GRIPS, the startup will replace captive diesel generation with hybrid renewable power plants in places with nonexistent or unstable grid connections.