Tuesday, 17 January 2012

Vertically integrated photovoltaic solar developer SPI Solar, an LDK subsidiary, is set to begin development of a 2-megawatt ground-mounted solar energy facility in Evros, Greece following the successful acquisition of the necessary contracts and permits.
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Monday, 16 January 2012

Renewable energy projects including wind, solar, small hydropower and geothermal in Latin America and the Caribbean will get a boost in the form of loans worth around $30 million from the Inter-American Development Bank.
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Sunday, 15 January 2012

The Middle East is slowly becoming a region to reckon with in regard to renewable energy investment, following news that Oman plans to build a massive solar project worth up to $2 billion together with foreign investors.
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Wednesday, 11 January 2012

Renewable energy generation company 3Power Energy Group, through its subsidiary Seawind Services, will be developing both wind and solar power plants on 240-hectares of land in the Nuoro region, which is elevated by 800 meters at sea level in island of Sardinia, Italy.
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Tuesday, 10 January 2012

The Supreme Council of Energy for Dubai has confirmed plans to build the country’s first utility-scale solar power plant over the next two decades at an estimated cost of 12 billion Dirham ($3.27 billion). Named after Dubai’s Vice President and Prime Minister, the Mohammed bin Rashid Al Maktoum solar park will be built in two phases. Using solar photovoltaic panels, it will initially produce 10 megawatts by 2013 and be brought up to a 1,000 MW final capacity by 2030.
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Monday, 09 January 2012

Nevada-based geothermal developer Ram Power Corp. announced that the 36-megawatt Phase I extension of its San Jacinto-Tizate geothermal project in Nicaragua is now running commercially. "We would like to thank our Phase I lending consortium including the Central American Bank for Economic Integration, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. and their affiliates for their continued support of this important project,” said Ram Power executive chairman Antony Mitchell.
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Monday, 09 January 2012

The Inter-American Development Bank began a $2.8 million project to help about 200 small- and medium-sized companies in Brazil measure and manage their greenhouse gas emissions. According to the bank voluntary greenhouse gas emission initiatives in Brazil have only involved large companies to date.
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Monday, 02 January 2012

Madrid-based wind energy company Gamesa is entering the new year with several deals to increase its presence in the global market. The company signed a new framework agreement with another Spanish company, Iberdrola, to supply onshore wind turbines for planned developments until at least 2022.
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Monday, 02 January 2012

Alstom and two Brazilian groups will fix up the São Simão hydropower plant in the Paranaíba River in Brazil. São Simão has six generating units and is capable of producing of 1,710 megawatts of current, but is in need of refurbishment to improve its performance and life cycle. It was opened in 1978.
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Sunday, 01 January 2012

Spain’s thin-film photovoltaic company T-Solar Group, building two photovoltaic power plants in Peru, signed three loan agreements for a total of $145 million. The United States’ Overseas Private Investment Corporation, the Netherlands’ FMO and France’s Proparco will co-fund the projects which are valued at over $165 million.
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Monday, 19 December 2011

The Inter-American Development Bank and Spanish consortium Abengoa S.A. are teaming up to develop an estimated $1.2 billion worth sustainable infrastructure projects in Latin America. The I.D.B. is providing Abengoa S.A. with a revolving credit of $200 million to finance the development of power transmission and generation projects – with an emphasis on renewables – as well as water, sanitation and health concessions in Brazil, Chile, Mexico, Peru, and other countries in the region.
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Sunday, 18 December 2011

The African Development Bank approved two financing vehicles worth $149 million to support the Menengai Geothermal Power Project in Kenya. Run by the state-owned Geothermal Development Company Limited in the eastern sector of the African Rift System, about 190 kilometers northwest of Nairobi, the Menengai field has the potential to produce up to 1,650 MW of clean energy for Kenya.
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Thursday, 15 December 2011

A solar-powered irrigation project by one of Chile’s largest local fruit exporters will get a $32 million loan from the Inter-American Development Bank. The loan to Chile’s Subsole S.A. will fund a 300-kilowatt-peak solar photovoltaic plant that will supply electricity to an irrigation project in the Atacama Desert.
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Sunday, 11 December 2011

The United Nations Clean Development Mechanism recently launched a sustainable reforestation project in Colombia led by global pen and pencil manufacturer Faber-Castell, which became the world’s first private corporation authorized to deal in carbon dioxide certificates from managed forests in 2012.
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Sunday, 11 December 2011

Xinjiang Goldwind Science & Technology Company agreed to make available 23 turbines fit for low wind speeds for a project in Chile. The second largest maker of wind turbines in China said this is its second order for South America following an earlier commission for a high-altitude wind farm in Ecuador.
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Sunday, 11 December 2011

A150-megawatt solar photovoltaic project, part of a series of approvals made in South Africa recently, could begin construction in June next year after a consortium composed of United States and South African companies was approved by the Department of Energy.
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Thursday, 08 December 2011

Abengoa S.A. and a consortium led by Mainstream Renewable were chosen as preferred bidders to build solar and wind power projects in South Africa in a competitive bidding round aiming to add 1,416 megawatts of renewable energy. Abengoa, based in Spain, is planning to build the country’s first concentrating solar power projects, represent a total investment of approximately 1 billion euros according to statement yesterday.
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Monday, 05 December 2011

The European Investment Bank and asset manager Investec will set aside 100 million euros ($134 million) in the clean energy generation and similar sectors of South Africa. The lending arm of the European Union and London-listed Investec will each contribute 50 million euros into a renewable energy funding facility for the country.
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Sunday, 04 December 2011

Mustang Geothermal Corporation is expanding operations in South America with the acquisition of three more exploration concessions in southern Peru. Mustang Geothermal has been exploring at least four potential sites in the area: Banos del Inca, Paclla, Ninobamba and Condoroma.
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Thursday, 01 December 2011

Taiwan’s AU Optronics Corporation, maker of liquid crystal displays, has officially entered the South African solar market after it finished building its first two solar plants in the country.
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