Climate-conscious companies across the globe and across industries are starting to invest more in shared value strategies for business growth. The electricity landscape is a prime example of this. As it undergoes a transformation, becoming more complex than ever before with rapidly evolving technologies, declining costs, and shifting regulatory landscapes, the electricity grid’s shared infrastructure provides the underserved with access to affordable services.
By Marga Hoek
A jurisdiction that offers modern corporate laws, efficient and effective court relief and investor neutrality can add value through a corporate structure for frontier and emerging market projects reliant on multinational inbound investment. The BVI is a jurisdiction that offers such corporate solutions. While this does not reduce all the risks faced by investors, such structures can mitigate legislative, corporate, transactional and court risk – this is known as the BVI Corporate Advantage.
By Greg Boyd, Partner in the Transactional Group at Harneys in the BVI Office
A 10MW solar power plant has been inaugurated in Kerman province in south-eastern Iran.
Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment for the UAE, said that Abu Dhabi would soon receive a 2GW solar power plant to be built in the capital’s Al Dhafra region.
According to data released by the US Federal Energy Regulatory Commission (FERC), renewables installed capacity equalled 21.56 per cent of the country’s total generation capacity in April, compared with coal-fired capacity of 21.55 per cent.
The Japanese Government has released a white paper that calls for cuts in costs levied on consumers to further promote power generation from renewable energy sources.
India’s efforts to boost its solar power generation capacity has enabled it to achieve the goal of generating 11.3 TWh in a single quarter, exceeding 10 TWh for the first time.
The German company Dhybrid has been selected to build several small hybrid solar power plants with a total capacity of 2 MW in Senegal.
A consortium composed of ACWA Power, Gulf Investment Corporation (GIC) and Alternative Energy Projects Co (AEPC) has executed the project agreements for the Ibri-2 IPP with the Oman Power and Water Procurement Company (OPWP).
The Iraqi Ministry of Energy has launched the first round of investment in solar energy projects, with a targeted capacity of 755 MW.