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FDI in Ecuador surges to $1.6bn in 2018

Ecuador's stability was recognised in 2018, as the South American country attracted its highest level of investment since 2004.




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Cyprus sees FDI high in 2018

Cyprus’s record-breaking 2018 was driven by tourism and second-tier cities. 




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Cairo standout African destination for foreign business services in 2018

The Egyptian capital Cairo led Africa in 2018, attracting 10 foreign business services investment projects, in its strongest performance since 2012. Joshua Crawford reports.




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Free zone FDI stable in 2019

Foreign investment to free economic zones around the world remained stable in 2019, according to preliminary data from fDi Markets.




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Target commits to 100 percent renewables; signs PPAs to purchase wind and solar energy

On June 12, Target corporation said it was increasing its renewable energy goals by committing to source 100 percent of its electricity from renewable sources by 2030. The goal applies to all of Target’s domestic operations.




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Renewable energy market employs 11 million in 2018 – IRENA

Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency (IRENA).




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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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U.S. solar market soars in Q1 2019

In the first three months of the year, the U.S. installed 2.7 gigawatts of solar photovoltaics (PV), making it the most solar ever installed in the first quarter of a year. With the strong first quarter, Wood Mackenzie Power & Renewables forecasts 25% growth in 2019 compared to 2018, and it expects more than 13 GWdc of installations this year.




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NV Energy's new 540-MWh storage and 475-MW solar project comes at a very low price

8minute Solar Energy, NV Energy and the Moapa Band of Paiutes announced that NV Energy selected 8minute to develop the largest solar plus storage project ever built in Nevada and one of the largest in the world.




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Global offshore wind installed capacity up 21 percent since 2013

This week the Global Wind Energy Council (GWEC) launched the first edition of its Global Offshore Wind Report, which provides a comprehensive analysis of the prospects for the global offshore wind market, including forecast data, market-level analysis and review of efforts to lower costs.




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The number of public charging stations for EVs in China surges 50.5% in May

According to data recently released by the China Electric Vehicle Charging Infrastructure Promotion Association, the number of public charging stations for electric vehicles (EVs) owned and operated by its members totaled 401,000 units as of May 2019, of which 229,000 were AC charging stations, 171,000 were DC and 500 AC/DC were integrated, representing a year on year increase of 50.5 percent and 9,658 units from the previous month. Between June 2018 and May 2019, the number of public charging stations for EVs showed an average monthly increase of some 11,205 units.




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Hanergy to deliver 400 MW of solar to Democratic Republic of Congo

Chinese solar company Hanergy Thin Film Power Group has won a deal to build the first solar PV plants in the Democratic Republic of Congo.




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EON switches all U.K. customers to 100% renewable power

EON SE is now supplying all of its 3.3 million residential customers in Britain with 100% renewable electricity, the first of the U.K.’s “Big Six” utilities to do so.




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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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Wednesday webcast to reveal what's new about POWERGEN 2019 in NOLA

Clarion Energy’s Teresa Hansen, vice president of global content, for a webcast Wednesday  will be making some important announcements regarding this year’s event in New Orleans. Hansen also will offer key details on content, the exhibit floor and resources available to attendees.




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AEP units looking to invest $2B in 1,500 MW of Oklahoma wind projects

The projects include a 999-MW wind facility being built north of Weatherford, a 287-MW wind facility being built southwest of Enid, and a 199-MW facility being built south of Alva. They are being developed by Invenergy.




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The 150,000-square-meter sky bridge of Shanghai’s 'Rafael Gallery' will be covered in solar

Solar company Hanergy announced that its thin-film solar modules will cover the 150,000 square meter roof of the ‘Rafael Gallery’ located at a Tech City in Shanghai.




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New York plans to install 1700 MW of offshore wind

New York has signed the biggest-ever deals for offshore wind power in U.S. history, a key part of the state’s plan to get all of its power from emissions-free sources by 2040.




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Utility device and data management technologies revenue could exceed $22 billion by 2027edit

A new report from Navigant Research released this week says that revenue from device and data management technologies could grow from approximately $14.8 billion in 2018 to more than $22.1 billion in 2027 at a compound annual growth rate (CAGR) of 4.6%.




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Democratic debate 2019 takeaways

Elizabeth Warren and Bernie Sanders stuck together, Pete Buttigieg took the middle path, Marianne Williamson took on racism and Beto O’Rourke faded into the background.




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BNEF: Energy to storage increase 122X by 2040

According to the latest forecast by BloombergNEF (BNEF), energy storage installations (not including pumped hydropower) around the world will multiply exponentially, from 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040.





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US wind farm activity by Fortune 500 breaks records

The American Wind Energy Association (AWEA) has released data for Q2, indicating activity rose to new heights in the wind development sector.





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100 MW of solar and 10 MW of battery storage coming to San José CCA in 2022

This week, San José’s Community Choice Aggregator (CCA) which is called San José Clean Energy (SJCE) and EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), signed a 20-year power purchase agreement (PPA) for 100 MW of new solar energy capacity and 10 MW of battery storage at the Sonrisa Solar Park in Fresno County, California. The project is anticipated to be operational in 2022.




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Gap signs PPA for 90 MW of wind

Global apparel retailer Gap Inc. announced that it has signed a 90-MW virtual power purchase agreement (VPPA) for the Aurora Wind Project with Enel Green Power North America, marking one of the largest offsite renewable energy contracts by an apparel retailer.




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ARENA to provide $40 million funding for South Australia’s first pumped hydro plant

The Australian Renewable Energy Agency (ARENA), on behalf of the Australian government, has announced up to $40 million in funding towards the deployment of a pumped hydro energy storage (PHES) project in South Australia.




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The energy transition is underway: 10 charts tell the story

The renewable energy transition promises to reduce carbon emissions, but it’s happening at different speeds around the world. Read on for some key insights from BloombergNEF’s New Energy Outlook 2019, which provides a detailed road map to the future.




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Softbank invests $110M in new energy storage system

Energy Vault, the creator of a new way to perform utility-scale energy storage, announced that SoftBank Vision Fund (Vision Fund) invested $110 million in its Series B funding round. Energy Vault will use the funds to accelerate global deployment of its technology, which enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day, said the company. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors.




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Europe’s wind potential is 100 times higher, could power the world

Europe can potentially generate 100 times the current amount of energy generated, and produce enough power to power the world until 2050, if it were to maximize land use for onshore wind capacity.




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Bernie Sanders’ ‘Green New Deal’ aims to have renewables power homes by 2030

Bernie Sanders wants renewable energy to power U.S. homes and vehicles by 2030 -- and he wants to do it by enlisting the federal government in building and running new solar, wind and geothermal electricity projects.




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Hydrogen is expected to account for 10% of China’s energy network by 2050

The Chinese government recently issued a whitepaper on the status and prospects of the hydrogen fuel and fuel cell sectors, indicating that energy derived from hydrogen will become an important part of the Chinese energy network.




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Re-Powering underway at NextEra’s 150-Megawatt Osceola County Wind Farm

With its original commissioning dating back to 2008, NextEra’s 150-megawatt (MW) Endeavor Wind Energy Center I & II projects in Osceola County are undergoing a prudent re-powering process. Blattner Energy construction crews moved into the Osceola County wind farm area this spring and started work. Blatter Energy is an Avon, Minnesota based heavy construction contractor.




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Covering Climate Now signs on more than 170 news outlets

MORE THAN 170 NEWS OUTLETS from around the world have now signed up for Covering Climate Now, a project co-founded by CJR and The Nation aimed at strengthening the media’s focus on the climate crisis.




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Houston Mayor selects developer for 70-MW urban solar array in revitalization plan

Last week, Houston, TX Mayor Sylvester Turner announced that Sunnyside Energy, led by developer Dori Wolfe of Wolfe Energy LLC, has won a competition to be considered to repurpose a 240-acre former landfill in Sunnyside. Subject to meeting certain terms and conditions, the team will construct one of the largest urban solar farms in Texas., if not the largest.




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220-MW Grady Wind power facility in New Mexico now operational

New Mexico’s newest wind power facility is now up and running. Pattern Energy Group 2 LP (Pattern Development) announced it has completed construction and begun operations at its 220-MW Grady Wind facility located in Curry County, New Mexico. This is the third and final phase of a 544-MW suite of wind projects, which now represent the largest investment in clean power in the history of New Mexico, according to Pattern.




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Lincoln Clean Energy to build 230-MW wind farm in Nebraska

Lincoln Clean Energy (LCE), Ørsted’s U.S. onshore company, issued the final notice to proceed on its 230-MW Plum Creek wind facility in Wayne County, Nebraska. This follows the final investment decision from Ørsted’s Board of Directors.





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Operations achieved at 290-MW Nam Ngiep 1 hydropower plant between Laos and Thailand

Kansai Electric Power Co. Inc. announces that the 290-MW Nam Ngiep 1 hydropower plant has begun commercial operations.





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Hawaiian Electric Companies achieve 27 percent renewable energy in 2018 despite loss of geothermal

In late February, Hawaiian Electric Companies announced that they have achieved a consolidated 27 percent renewable portfolio standard in 2018, even with the loss of Hawaii Island’s geothermal resource for most of the year following the Kilauea volcanic eruption. Hawaii has a goal of reaching 100 percent renewable energy by 2045.




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FPL announces plans to build four new solar power plants in 2019

Florida Power & Light Company (FPL) this week announced plans to build four new solar power plants this year that are expected to begin powering customers in early 2020:




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China’s renewable energy installed capacity grew 12 percent across all sources in 2018

As of the end of 2018, China’s renewable energy installation capacity had reached 728 GW, an increase of 12 percent from a year earlier, according to statistics released by China’s National Energy Administration. This breaks down into 352 GW (up 2.5 percent) for hydro, 184 GW (up 12.4 percent) for wind, 174 GW (up 34 percent) for photovoltaic (PV) and 17.8 GW (up 20.7 percent) for biomass. Renewable energy accounted for 38.3 percent of the country’s total installed power capacity, a rise of 1.7 percentage points.




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San Francisco mulls creating its own 100 percent renewables-focused utility from PG&E wreckage

What happens when a famously left-leaning city dives into the buttoned-down business of electric utilities? San Francisco may soon find out.




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U.S. solar market tops 10 GW in 2018, again

For the third year in a row, the U.S. solar industry installed double-digit gigawatts (GW) of solar PV capacity, with 10.6 GW coming online in 2018, according to the latest statistics from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA).




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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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North Carolina’s solar power output grew 36 percent in 2018

Annual solar energy production in North Carolina jumped 36 percent in 2018, according to the latest government data – firmly placing North Carolina as the No. 2 solar-producing state in the nation.




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New Mexico Governor Grisham signs law requiring 100 percent renewable energy by 2045

On Friday, New Mexico Gov. Michelle Lujan Grisham signed the state’s groundbreaking Energy Transition Act (ETA) into law, meaning that by 2045, the state should be fully powered by clean, carbon-free electricity.




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Idaho Power sets goal for 100-percent clean energy by 2045; signs record-low solar PPA

Idaho Power unveiled a goal Tuesday to provide 100-percent clean energy by 2045 on the heels of an announcement that it will purchase 120-MW of solar energy through a PPA with Jackpot Holdings at a price of less than US $0.022 cents per kWh.




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Germany generated more than 50 percent of electricity from renewables in March

In a first for the country, Germany generated 54.5 percent of electricity from renewable energy in March 2019. This is according to data collected by the Fraunhofer Institute for Solar Energy Systems.