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ADB Becomes Observer for the Network for Greening the Financial System

ADB has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as an observer The Asian Development Bank (ADB) joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as an observer on June 23, 2020. NGFS, launched at the Paris One Planet Summit on December 12, 2017, […]

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Bangladesh Module Manufacturers Need Stimulus to Maintain Operations: GlobalData

The Solar Module Manufacturers Association Bangladesh have requested for government support after operations took a hit due to the COVID-19 industrial lockdown; Somik Das of GlobalData has commented on the situation. Following the news that the Solar Module Manufacturers Association Bangladesh (SMMAB) requested for government support after operations took a hit due to the 40-day […]

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B’desh Unveils $218.7Mn Green Transformation Fund to Offer Easy Financing for Solar Developers 

With an aim to make financing easily available post-coronavirus, Bangladesh has introduced a USD 218.7 million (EUR 200 million) Green Transformation Fund (GTF) so that soft loans can be provided to solar developers, other environment-friendly products and importers of Eurozone’s energy efficiency components. Moreover, the fund issued is in addition to its existing USD 200 […]

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Significant Investment Needed to Transform Africa’s Energy System

IRENA and UNDP’s Africa Centre for Sustainable Development have outlined why significant investment is needed to transform Africa’s energy system. Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy. Despite the tremendous efforts that have been deployed […]

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Over 60 GW of Wind Energy Capacity Installed in 2019: GWEC

According to a new report, 2019 was the second-biggest year for wind energy historically, with installations of over 60 GW of new capacity worldwide According to a new report, 2019 was the second-biggest year for wind energy historically, with installations of over 60 GW (60.4 GW) of new capacity worldwide and year-on-year growth of 19 […]

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Uzbekistan Sees High Foreign Interest in its Renewable Energy Push

The Ministry of Energy of Uzbekistan has shared an update on progress towards the aim of generating a quarter of all electricity from renewable energy, by 2030. The Ministry of Energy of Uzbekistan has shared an update on progress towards the country’s ambitious aim of generating a quarter of all electricity from renewable sources, by 2030. “This […]

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Azelio Installs Its Renewable Energy Storage Soln in Morocco

Swedish company Azelio said that it has completed the installation of its renewable energy storage with 24h clean power production in Morocco. Further, the installation is a partial result of the joint technical and business development agreement between Azelio, a specialist in thermal energy storage, and the Moroccan Agency for Sustainable Energy (Masen). The solution […]

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Research Shows Pairing Wind With Storage Critical for RE Future

A new report examines the use of energy storage for wind integration, covering existing and upcoming projects, the landscape, and expected market growth. A new report from Navigant Research examines the use of energy storage for wind integration, covering existing and upcoming projects, the competitive landscape, and expected market growth. The report, Optimizing Wind Power Plants with Energy Storage, […]

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