Cobra Energia, the renewable energy developer, has received $254 million in loans from a group of financing companies led by Natixis SA for two wind projects in southwest Peru.
The German-Dutch transmission grid operator TenneT has received ownership of SylWin1, the most powerful offshore grid connection to date. The offshore platform of the SylWin1 grid connection is located around 70 km west of the German Island of Sylt, of which the project was named.
Pakistan has awarded a $1.5 billion contract for what is claimed to be the largest solar power plant in the world. When finished the plant, to be built in Bahawalpur by Chinese company Zonergy Company Ltd, will have a power generating capacity of 900 MW.
The United Arab Emirates has announced plans to develop another 100 MW of solar photovoltaic (PV) power capacity. The proposals form part of its Vision 2021, which aims to source 24 per cent of its energy from renewable energy sources.
The Government of Brazil has announced the launch of an investment fund of $6.5 billion, which will be used to create renewable energy generation projects in the country's northeastern region.
The National Thermal Power Corporation (NTPC), India's state-run power generator, is aiming to develop 5000 MW of solar power capacity in the next two years, which is a third of its 15 000 MW target over the next seven years in India. This target represents a fifty-fold increase from the current levels of solar capacity.
The UK government has announced that £463 million ($684 million) has gone into a fund for wind projects headed by the UK Green Investment Bank (GIB), which has already invested £200 million ($295 million) of its own capital. This is the first stage of a planned £1 billion fund that would be geared to develop offshore wind farms.
Costa Rica has managed a major clean energy milestone, meeting 100 per cent of its power needs with renewable sources for 75 straight days at the beginning of 2015.