NTPC, India’s largest power company, has announced that it will not undertake any new coal-based generation for the next few years as part of measures to reduce its carbon footprint, and it will invest $3.5 billion to set up one of the world’s largest solar power parks at Kutch in Gujarat.
The European Investment Bank (EIB) has announced that it will provide €150 million credit to boost Brazil’s portfolio of renewable energy.
The Bangladesh Government has signed a $185 million financing agreement with the World Bank to add about 310 MW renewable energy generation capacity.
Gull Bay First Nation and the utility Ontario Power Generation (OPG) set a milestone for off-grid Canadian indigenous communities with the commissioning of a hybrid solar-plus-storage microgrid.
The Government of St Kitts and Nevis, the state-owned St Kitts Electric Company (SKELEC) and Leclanché, a leading energy storage company, have announced the largest solar generation plus energy storage project ever to be built in the Caribbean.
Panasian Power (PAP), one of Sri Lanka’s leading green energy suppliers, has connected its first ground solar project to the national grid through the Soorya Bala Sangramaya scheme.
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.