Members & Partners News

Neo Solar buys into Phanes, 800 MW of PV projects globally

October 5 (SeeNews) – In line with its downstream development strategy, Taiwanese firm Neo Solar Power Corp (TPE:3576), or NSP, has acquired a 30% equity interest in Swiss-Emirati renewables developer Phanes Group and consequently 800 MW of projects. Through this move, the solar cell maker will join a number of photovoltaic (PV) schemes throughout Western Europe, Africa,…

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DEWA chooses ACWA Power for Hassyan

ACWA Power and Harbin Electric consortium as the Preferred Bidder for the first phase of the 1,200 MW Hassyan Clean Coal Power Project with Alstom as lead contractor. The consortium bid a Levelised Cost of Electricity (LCOE) of 4.501 cents/KWh based on May 2015 coal prices. “The Hassyan clean-coal power plant will use the best…

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ENGIE and SUEZ sign Kingdom City MoU

ENGIE and SUEZ have signed a Memorandum of Understanding (MoU) with the Jeddah Economic Company (JEC) to work together to provide key services and power to the Kingdom City project in Saudi Arabia. The Kingdom City project will host both commercial and residential developments, including among others, homes, hotels and offices. The centrepiece of this project…

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Business news and intelligence for the renewable energy sector

Business news and intelligence for the renewable industry. The newswire goes beyond the familiar renewable markets of Western Europe and the US to encompass the potential of BRIC countries and emerging alternative energy stars in North Africa, Asia Pacific, Central and Eastern Europe. Read more

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Adenium Energy Capital and Enerwhere sign USD 10 Million investment agreement for fleet of Mobile Solar Power Systems

* Adenium is investing USD 10M in Enerwhere’s fleet of mobile solar power systems * Enerwhere will deploy these systems to provide temporary power to labor camps, construction sites and industrial sites around the Middle East on a rental or power purchase agreement (PPA) basis * Adding solar to diesel-powered mini-grids provides fuel and emissions…

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Rebound in clean energy investment in 2014 beats expectations | Bloomberg New Energy Finance

Surges in investment in offshore wind in Europe, and solar in China and the US, helped to drive the 2014 global clean energy total up 16% to $310bn London and New York, 9 January â€“ World clean energy investment rebounded strongly in 2014, boosted by demand for large-scale and rooftop solar photovoltaics on the back of its greatly…

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GE partners with Saudi Electricity Company on hybrid energy project

Hybrid energy installation will integrate solar with combined-cycle plant for landmark power project in Duba. The landmark project, the ‘Green Duba’ Integrated Solar Combined Cycle Plant, will be built in the northwestern part of Saudi Arabia, along the Red Sea coast. When finished, it will have the capacity to generate the equivalent power needed to…

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First Solar: Year In Review

First Solar, one of the world’s largest vertically integrated solar companies, had an interesting year. While the company’s financial performance was decidedly mixed, with revenues and gross margins for the first 9 months coming in lower year-over-year due to lower revenue recognition on solar projects, the company performed reasonably well on the business development, manufacturing…

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Green Sukuk: Financing the Gulf region’s renewable energy infrastructure

In this lw.com interview Latham & Watkins partner Harj Rai and associate Lee Irvine discuss how an issuance of green sukuk would allow Islamic investors, for the first time, access to ethical and socially responsible investments. Read more or Download this interview as PDF

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Oil price plunge and clean energy – The real impact | Bloomberg New Energy Finance

The 45% fall in oil prices is being portrayed as a big blow to clean energy deployment. In fact, its impact will vary by sector and region, but will be modest in major electricity markets where renewables compete with gas and coal, and benefit from stable policy support   London and New York, 22 December –…

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