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Reforms could unlock African development, reports McKinsey

Continued African development could hinge on public finance reforms.




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Auckland’s tourism draws major investment opportunities

Steve Armitage, general manager of destination at Auckland Tourism, Events and Economic Development explains why the New Zealand city’s international profile is growing so fast.




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Pakistan’s UK high commissioner hails land of opportunity

Mohammad Nafees Zakaria, Pakistan’s UK high commissioner, talks about his country’s potential for foreign investors.




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Zonamerica looks beyond Latin America for expansion opportunities

Uruguay-based Zonamerica has successfully expanded into Colombia and China, and is now looking to export its model to other parts of Asia and Africa.




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Mexico teams up with Singapore to launch Tehuantepec trade corridor

President Obrador aims to mobilise billions in public and private investment to create an alternative to the Panama Canal along the Tehuantepec corridor. 




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Quebec counts on next-generation port

Quebec hopes a major maritime strategy that includes constructing a container port and building naval vessels will boost its economy by creating jobs and attracting investment.




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Singapore investment in Indonesia still falling

Project numbers drop almost 40% between 2017 and 2018.




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Trump exempts bi-facial solar modules from import tariffs

In an announcement that was celebrated by the solar industry, yesterday U.S. trade officials said that bi-facial solar modules, which are solar modules that produce energy on both sides of the panel, would be exempt from import tariffs.




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Top 5 ways the UK government can support onshore wind and meet net-zero emissions by 2050

In early June, the UK enshrined into law a commitment to reach net zero carbon emissions by 2050, making Britain the first major economy to do so. Meeting this target will require substantial reliance on renewable energy from solar, tidal, hydro, and wind sources, both onshore and offshore.




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San Diego Airport installs 2 MW/4 MWh storage system to complement existing PV array

Yesterday, ENGIE Storage announced that San Diego International Airport (SAN) installed a 2 MW/4 MWh GridSynergy energy storage system. Paired with the airport’s existing 5.5 MW of solar capacity, the new energy storage system will reduce energy charges during peak demand, which according to ENGIE equate to approximately 40 percent of the airport’s monthly electricity costs. The system is expected to begin operation in early 2020.




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POWERGEN India 2020 to support energy transition in India

Clarion Energy & iTEN Media announce the launch of POWERGEN India 2020 co-located with Indian Utility Week & DISTRIBUTECH India




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Long-term financing for solar is possible and critical for supporting continued industry growth

Installed solar capacity in the United States exceeded 10 GW for the third year in a row in 2018, and the pace of growth is expected to continue. The first quarter of 2019 was the strongest in the history of the U.S. solar market, according to a recent report from Solar Energy Industries Association (SEIA) and Wood Mackenzie Power & Renewables. Yet inefficient and costly project financing inhibits many solar developers from tapping into the market’s true potential.




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HydroVision International kicks off in Portland, Ore., U.S.

The HydroVision International event is now under way in the Oregon Convention Center in Portland, with more than 3,000 hydropower professionals from around the world coming together for four days of learning and networking.




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Energy CEOs extol virtues of hydropower while bemoaning its lack of public support

Last week at the HydroVision International plenary session, a panel of three CEOs — Darrel T. Anderson, President and CEO IDACORP and Idaho Power, Mitch Davidson, CEO and Managing Partner, Brookfield Renewable Power, and Paul Jacob, President and CEO, Rye Development — along with moderator Elizabeth Ingram, Content Director, Clarion Energy, discussed both the merits and the challenges of hydropower development in the United States and Canada.




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Foreign firms look to make India a global wind turbine export hub

Global wind turbine makers are expanding manufacturing capacity in India to boost exports from the South Asian nation even as the country’s domestic industry faces headwinds.




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Report covers costs of various storage technologies, including pumped storage hydro

A report recently released by the U.S. Department of Energy defines and evaluates cost and performance parameters of six battery energy storage technologies (BESS) and four non-BESS storage technologies.




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BNEF says corporate energy market is strong

Coming on the heels of Gap’s announced 90-MW PPA with Enel Green Power, BloombergNEF released its 2H 2019 corporate energy market outlook in which it said that corporations signed contracts to purchase 8.6 GW of clean energy in 2019 through July, up from 7.2 GW at the same time last year.




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U.S. wind energy prices are at historical lows, DOE report says

The national average price of wind power purchase agreements dropped to below 2 cents/kWh in 2018, according to the annual Wind Technologies Market Report released by the U.S. Department of Energy.




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The IEA’s hydrogen report doesn’t miss the point. It just buries It.

The International Energy Agency (IEA) recently released a major new report on hydrogen, underscoring the remarkable political and business momentum surrounding the fossil fuel alternative, and touting its potential as a vital component of global efforts to build a “clean, secure, and affordable energy future.” The report takes a bold and prescient stance, and has rightfully inspired a torrent of press coverage about the future of hydrogen and its role in the renewable energy mix.





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Brazil to support construction of four new hydropower plants

Brazil has included four hydropower plants among the projects that will receive support as part of the country's investment partnerships program, called Programa de Parcerias de Investimentos or PPI. 




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New report shows Baltic States ahead of western EU counterparts in renewable energy targets

Findings in a recently published European Union report showed that the Baltic States of Lithuania, Latvia, and Estonia make up over 30 percent of the EU countries that have already met their 2020 renewable energy targets.




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Solar and wind take the lead in FERC first infrastructure report of 2019

According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), new solar and wind generating capacity has taken the lead over natural gas and all other energy sources for the first month of 2019.




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A 'Green New Deal' for Central America would present business opportunities for renewable power generators

Recently there has been a great deal of interest in a ‘Green New Deal’ for the United States. It is seen as a way to solve pressing environmental, employment and economic problems with a single comprehensive plan. Modeled on Roosevelt’s New Deal, which created jobs, invested in large infrastructure projects, and pulled the US out of the Great Depression, the Green New Deal is a modern version of that program, but with green energy investments, 21st century job training, and deficit reduction as the key components.




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Corporate funding for solar up 10 percent year-over-year in Q12019

Mercom Capital Group released its report on funding and merger and acquisition (M&A) activity for the global solar sector in the first quarter of 2019 and found that total corporate funding (including venture capital funding, public market, and debt financing) into the solar sector in Q1 2019 came to $2.8 billion. Year-over-Year (YoY) funding in Q1 2019 was about 10 percent higher compared to the $2.5 billion raised in Q1 2018.




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AES refinances solar portfolio with help of insurance against underperformance

kWh Analytics, a leader in solar risk management, this week announced the first refinancing supported by the Solar Revenue Put. The portfolio of 41 projects, owned by AES, totaling approximately 28 MW DC of capacity is located in Arizona and Massachusetts. The portfolio is being funded by Silicon Valley Bank and a Japanese financial services company. Swiss Re Corporate Solutions, a leading global corporate insurer, is providing capacity for the Solar Revenue Put.




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IREC’s career map shows climate change related employment opportunities on the rise

A new career map, Careers in Climate Control Technology, provides a first-of-its-kind interactive, visual tool to showcase the employment opportunities that exist in the swiftly growing HVAC/R industry – Heating, Ventilation, Air Conditioning and Refrigeration. The sector is on track for projected growth of 15 percent from 2016 to 2026.




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California college invests in 1-MW solar carport to offset 100 percent of its energy use

Yuba College, a community college part of the Yuba Community College District, this week completed a 1-MW solar carport installation that it says could result in $10 million of avoided utility costs over the life of the system. The District purchased the solar outright, which resulted in optimal savings.




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Mayor: PG&E assets are ‘great’ opportunity to bring clean energy to San Francisco

San Francisco Mayor London Breed wants to use PG&E Corp.’s bankruptcy to take over some of the company’s assets for the city’s power needs, a move that would shake up California’s largest utility and remake the state’s energy landscape.




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Iowa pork producers stall utility efforts to upend solar net metering

In their push to upend the economics of rooftop solar, Iowa’s major electric utilities are up against an opponent as politically potent as they are: the state’s pork producers.




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Ball Corporation plans 100 percent renewable push; purchases 388 MW of wind and solar

This week global energy and infrastructure group, Eversheds Sutherland, announced that it helped Ball Corporation secure two virtual power purchase agreements (VPPAs) – one wind and one solar – for a total of 388 MW of new renewable energy. According to Ball, these agreements will allow the company to power 100 percent of its corporate, packaging and aerospace operations electricity load in North America with renewable energy by the end of 2021.




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Shell to replace gas with solar for Oman port

SOHAR deep-sea port and free-zone has signed a 600-hectare lease agreement with Shell Development Oman (SDO) for land to set up industrial and commercial solar panels. The port is managed in a joint-venture between the Port of Rotterdam and the Sultanate of Oman.




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EU corporates want renewable energy but bureaucracy and regulations are holding them back

This week energy developer BayWa r.e. published its Energy Report 2019, which surveyed 1,200 European corporations about their attitudes toward renewable energy.




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Oil companies join corporate lobbying push for U.S. carbon tax

Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products.




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Trump exempts bi-facial solar modules from import tariffs

In an announcement that was celebrated by the solar industry, yesterday U.S. trade officials said that bi-facial solar modules, which are solar modules that produce energy on both sides of the panel, would be exempt from import tariffs.




por

POWERGEN India 2020 to support energy transition in India

Clarion Energy & iTEN Media announce the launch of POWERGEN India 2020 co-located with Indian Utility Week & DISTRIBUTECH India




por

Long-term financing for solar is possible and critical for supporting continued industry growth

Installed solar capacity in the United States exceeded 10 GW for the third year in a row in 2018, and the pace of growth is expected to continue. The first quarter of 2019 was the strongest in the history of the U.S. solar market, according to a recent report from Solar Energy Industries Association (SEIA) and Wood Mackenzie Power & Renewables. Yet inefficient and costly project financing inhibits many solar developers from tapping into the market’s true potential.




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BNEF says corporate energy market is strong

Coming on the heels of Gap’s announced 90-MW PPA with Enel Green Power, BloombergNEF released its 2H 2019 corporate energy market outlook in which it said that corporations signed contracts to purchase 8.6 GW of clean energy in 2019 through July, up from 7.2 GW at the same time last year.





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Pickup trucks outsell cars for the first time, and it may not be temporary

The Ford F-150, Ram 1500, and Chevy Silverado have been the best-selling light vehicles in America for a long time, but for the first time ever, the pickup truck segment as a whole outsold the car segment in the month of April, Bloomberg reported on Tuesday. The difference was by a large margin, too, with pickups outselling cars by more than...




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Report: Traffic fatalities decreased, miles driven increased in 2019

Estimated traffic fatalities decreased in 2019 despite an increase in driving, according to a report from the NHTSA released on Wednesday. There were projected to be 36,120 traffic fatalities in 2019, which is a 1.2% decrease from 2018. It marks the third consecutive year of declines from a post-recession high point of 37,806 traffic fatalities in...




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IIHS reports that new Jeep Wrangler SUV rolled over on its side during driver-side crash

The IIHS reported Thursday that the new Jeep Wrangler, which was last comprehensively updated for the 2018 model year, tipped over onto its passenger side during its driver-side small overlap crash test. The insurance industry-funded safety watchdog said the Wrangler was tested three times, twice by the agency and once by the automaker. The...




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BMW M5 CS, Porsche Cayenne GTS Coupe, Porsche Track Precision App: Car News Headlines

BMW has been spotted testing what appears to be a new performance flagship for the M5 range. Word on the street is that the car, which will likely be dubbed an M5 CS, is powered by a newly developed V-8. Porsche looks to be readying a Cayenne GTS Coupe to help bridge the performance gap between the S and Turbo. The new variant should debut next...



  • Today in Car News

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A-Class vs. CLA-Class, Lego Porsche builds bonds, mobile fast-charging future: What's New @ The Car Connection

2020 Mercedes-Benz A-Class vs 2020 Mercedes-Benz CLA-Class: Compare Cars If you can’t get the lord to buy you a Mercedes-Benz, you have to do it yourself, and that can really stretch the budget. Mercedes answers that issue with its two lowest-priced cars, the A-Class and CLA-Class. IIHS reports that new Jeep Wrangler SUV rolled over on its...



  • Today in Car News

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W Motors lends help in Genius Garage's Porsche Boxster Lykan Hypersport conversion

A build team in Ohio is in the process of turning an old Porsche Boxster into a supercar that was limited to just seven units worldwide and originally priced at $3.4 million. The car we're talking about is the W Motors Lykan Hypersport that bowed in 2013, and a replica was recently acquired by a workshop in Bowling Green, Ohio. The replica was...




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Porsche 718 Cayman GT4 RS, Brabham BT62, Genesis G70: This Week's Top Photos

The rumor mill has been going into overdrive with news that a Porsche 718 Cayman GT4 RS is coming. Giving some credence to the rumors is a prototype spied this week of a Cayman even more hardcore than the GT4. Another prototype we spied was what appeared to be a new performance flagship for the M5 range. Word on the street is that the car, which...



  • Photos Of The Week

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Report: Renewables, Energy Efficiency in New England Will Replace the Need for Gas Pipelines

A report that examines statements about rolling blackouts made by regional grid operator ISO-New England, shows that sustained growth of renewables, and not more gas, will boost reliability of New England’s electric power system.




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Singapore-based Blockchain Company Sparks Interest from TEPCO

According to Martin Lim, COO of Electrify.Asia, a company facilitating peer-to-peer energy trading across the distribution grid, blockchain technology doesn’t take utilities out of the equation, but rather it adds another layer of potential revenue for them and helps reduce the cost of delivering energy to homes and businesses.




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Report: $2.4 Trillion Clean Energy Investment Needed To Avoid Climate Catastrophe

The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations.




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Opportunity, Or What Happens When Utilities and Regulators Get Serious about Decarbonization

Utilities across the country are increasingly taking a proactive role on initiatives to advance clean energy and grid modernization. But to hear a utility CEO like Kipp focus unequivocally on one of the most critical drivers for the growth of solar and storage was striking — and yet another sign of the sector’s ongoing transformation.