Solar funding is down as part of overall clean energy investment lull in Q1

first_imgSolar funding is down as part of overall clean energy investment lull in Q1BNEF finds that while weakness in solar stocks impacted the overall environment, investment in small- to mid-scale solar was up 4% year-over-year. April 19, 2016 Christian Roselund Legal Markets Markets & Policy Share Global solar funding fell slightly year-over-year to join an overall decline in clean energy investment, according to the latest report by Bloomberg New Energy Finance (BNEF). However, BNEF’s Q1 2016 Global Trends in Clean Energy Investment also found that funding for solar projects under 1 MW grew 3% year-over-year to US$17.4 billion. Global Trends looks at solar, wind, biomass/biofuels, geothermal and variety of other resources and services, including electric vehicles, however solar makes up around half of all clean energy funding, and has for the past five years.Solar’s decline mirrored a 12% year-over-year decrease in clean energy funding to US$53 billion. And while Q1 is typically the slowest of the year, this is the lowest level of global clean energy investment in three years. Bloomberg notes that clean energy investment in China fell 37% year-over-year, as the market slowed down following a Q4 rush to complete projects in advance of the nation’s feed-in tariff deadline. However, this seems to have primarily impacted the nation’s wind sector, as solar remained relatively steady.However, BNEF notes that investor confidence has been dampened by the fall in a few individual solar stocks, naming SunEdison, Vivint and SolarCity. The first two can be attributed to SunEdison’s failed attempt to acquire Vivint, and the subsequent collapse of the world’s largest renewable energy developer.?? Accompanying its Q1 2016 Solar Funding and M&A report, Mercom Capital also stated that the crash of SunEdison has impacted the overall public market environment for solar.Analysts continually note that the fall of SunEdison had nothing to do with market fundamentals, which remain strong for both solar and wind. “The fundamentals behind global clean energy investment remain strong, with our latest research showing solar PV and wind again reducing their costs and competing strongly despite lower coal, oil and gas prices,” notes BNEF Founder Michael Liebreich.And despite these headwinds, some aspects of clean energy funding improved. During the quarter venture capital and private equity investments in clean energy rose to US$1.4 billion, due in part to a $300 million funding round for residential solar installer Sunnova. However, this may be slightly misleading; Sunnova has an unusual business model for a residential U.S. solar installer of its size in that it finances projects directly off its balance sheet, blurring the line between corporate finance and project finance.Regional trends were also counter-cyclical. While strong Asia-Pacific clean energy investment fell in Q1 due to a slowdown in Chinese wind investments and funding in the Americas was below last year’s level, EMEA clean energy investment saw its strongest Q1 in four years. This may not be entirely due to Europe. Among the details revealed in the report BNEF notes that a 300 MW project in Djibouti has received funding, as the largest project in Africa to do so to date.This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected] content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. 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The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… 123456iAbout these recommendationsShare Christian Roselund Christian Roselund served as US editor at pv magazine from 2014 to 2019. 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Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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ResponsAbility to empower women in emerging markets via climate fund

first_imgFeatured image: Stock Generation The company explained that with this commitment, the climate fund, a private debt fund addressing lack of access to clean power primarily in sub-Saharan Africa and South and South-East Asia, qualifies for the 2X Challenge. Antoine Prédour, head of climate finance at responsAbility added: “Success always includes a holistic outlook and I am proud to be part of this initiative. It’s about time that gender equality is being considered a must, no matter the type of investment.” Read more:ECREEE seeks an advisor for women-owned energy businessesWomen in energy sector face funding and accelerators scarcity The fund qualified for the 2X Challenge by meeting the employment criteria with at least 50% of its portfolio companies actively improving and providing quality employment for women. The energy sector is one of the least gender diverse sectors with only 32% of the workforce being women (IRENA 2019). A Swiss sustainable asset manager, responsAbility Investments, has announced its commitment to apply a gender lens to its investments through one of its climate funds. ResponsAbility is supported by FMO, the Dutch entrepreneurial development bank, and the European Investment Bank (EIB). FMO is a member of the 2X Challenge and the EIB has adopted the 2X Challenge Criteria, which aims to advance opportunities for women through enterprise support, leadership, and career progression, quality employment, and products/services that enhance women’s economic participation. Thomas Östros, Vice-President of the European Investment Bank (EIB) said, “Supporting gender smart investment is smart economics. It is vital to enhance business productivity and to catalyse economic growth, social cohesion and social justice. As the EU bank, together with our partners, we are committed to ensuring that our investments benefit all parts of our communities equally. I am very proud to be supporting responsAbility’s climate fund with FMO, which qualified today for the 2X Challenge.” AFD and Eskom commit to a competitive electricity sector Applying a gender lens will help the climate fund ensure that female talent is attracted and retained, and that they can contribute to this growing industry. center_img BRICS Low carbon, solar future could increase jobs in the future – SAPVIA RELATED ARTICLESMORE FROM AUTHOR Finance and Policy The 2X Challenge is an initiative that deploys and mobilises capital to empower women and enhance their economic participation in emerging markets. UNDP China, CCIEE launch report to facilitate low-carbon development “We applaud and support responsAbility’s commitment to applying a gender-smart investment lens to its climate fund and to joining the 2X Challenge,” said Jorim Schraven, director impact and ESG at FMO. “We see responsAbility’s climate fund setting an example by supporting women’s economic empowerment in the energy sector, and we are looking forward to partnering together to deliver towards the climate action and gender equality SDGs.” TAGSclimate financeeconomic transformationSDGs Previous articleECREEE seeks an advisor for women-owned energy businessesNext articleCamco Clean Energy receives Green Climate Fund accreditation Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. The 2X Challenge aims to identify eligible companies directly or through financial intermediaries that are committed to one or more of these areas. It exceeded its target of $3 billion in commitments in June 2020. last_img read more

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Burlington Free Press to make big changes, shrink size of paper

first_imgFree Press Media,An ongoing $2.4 million rebuild of the FreePressMedia printing press in Burlington is one piece of a 2012 “Triple Crown” that also involves a new format for the printed edition and a new, content-based subscription plan for Free Press platforms, President and Publisher Jim Fogler announced today.”We are making a significant investment in our press and making a tangible commitment to our community. We are not only here to stay, we are here to grow. Our print and digital FreePressMedia platforms, including the Burlington Free Press and burlingtonfreepress.com, will continue to deliver high value and quality. For our local business partners who advertise in our printed edition, it’s a reinvented medium designed to deliver added impact.”Fogler said the full scope of FreePressMedia’s enhancements includes: A $2.4 million rebuild of our 45-year-old press is already in progress. This work will provide a first in the newspaper’s rich 186-year history: the opportunity to provide color photos and advertisements on every printed page. With more color capacity, FreePressMedia will also have the capacity to serve more commercial printed customers. A shift from broadsheet page size to a new tall tab format in June that will give the Burlington Free Press printed edition more of a magazine feel with design upgrades. A new business plan launching in conjunction with the easy-to-use format that will incorporate print and online content into a comprehensive subscription model.The newspaper’s production facility, located on South Winooski Avenue in downtown Burlington, will sport state-of-the-art printing capabilities when work is completed in late April. The Free Press printed edition will convert from a standard broadsheet format to a new, easy-to-use tabloid format (11’ wide x 15’ in length).The printed edition in this new format will be more colorful and feature a modular approach to advertising display which will provide greater impact and ad-size flexibility for advertisers.‘We’ll deliver a more colorful printed edition in a more compact and easy-to-handle size; and pages will be easier to navigate,’ Fogler said. ‘We will differentiate our content to match our platforms ‘ our printed edition will have more narrative storytelling and our web and mobile will be the news of now.’At the heart of the experience for printed edition readers will be the approach pioneered since 2009 in the Free Press’ passion-topics sections: in-depth reporting, rich photographs and eye-catching design in Green Mountain, Savorvore, ARTSbtv and innovate. These approaches have enhanced our coverage of topics that define life in Vermont. The new-look Burlington Free Press will deliver the most accountability reporting and narrative writing in all of Vermont.FreePressMedia will also be changing its subscription model, as part of an historic shift toward digital-first publishing. The new model will provide the flexibility of how, when and where our readers want to consume their local news and information in Vermont. Free Press readers will see significant digital enhancements in the next few months, including more video and photos, and a renewed focus on the topics that matter most to Vermonters. As this happens, FreePressMedia will launch new and improved digital platforms for readers to access news and information, including a more robust mobile site and a tablet-friendly reader experience.Under the new subscription model, subscribers will pay for access to content produced by FreePressMedia and distributed digitally through websites, mobile devices and tablets and in the printed edition. Subscribers may choose from a variety of offers of our full access plans including home delivery of the printed edition (daily, weekends, or Sunday only) and access to our news coverage or they may choose a digital-only plan. And for the first time, subscribers will be able to see the entire printed edition online in an e-Newspaper format. ‘These investments demonstrate our commitment to Chittenden County, and they will help us bring a sense of urgency and deep dives into the narrative of our daily and Sunday news reports ‘ whether you read us on a digital platform or in the printed edition of the Free Press,’ said Michael Townsend, editor of the Free Press. ‘Our readers depend on us to be their community watchdogs, hold our local officials accountable, push for open door meetings, be on the scene when news happens, and to report on what’s most important to them. We will continue to evolve.’About FreePressMediaFreePressMedia is the leading news and information company in the Greater Burlington area. The FreePressMedia family of brands includes more than 12 publications, websites and mobile applications including the Burlington Free Press and BurlingtonFreePress.com, which together have the highest integrated audience reach of any market in Vermont. FreePressMedia is part of Gannett Co, Inc, a leading international news and information company that publishes 81 daily newspapers in the USA, including USA TODAY.BURLINGTON, VT ‘ Free Press Media. 2.23.2012last_img read more

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On The Job In Los Alamos: Uli’s New Store Manager

first_imgOn the job in Los Alamos Tuesday is new Manager Daphne Renee Harris at Uli’s Clothing Boutique at 800 Trinity Dr. Ste. G. Uli’s is a women’s and children’s boutique with distinctive gifts, books and toys. They are known for their ability to dress specific body types and personal styles to their best look. They have a loyal following of clients from all over the country that fly to meet with Uli’s staff  for wardrobe and style development. Visit www.ulislosalamos.com. #worklosalamos #wherediscoveriesaremade. Photo by Jenn Bartram/ladailypost.comlast_img read more

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GABF to participate in FIBA U17 Skills Challenge

first_imgFollowing the cancellation of the 2020 U17 Basketball World Cup by the world governing body due to the ongoing Covid-19 pandemic, the Guyana Amateur Basketball Federation (GABF), has confirmed their participation in the International Federation of Association Basketball (FIBA) ‘FIBA U17 Skills Challenges. This was confirmed by veteran administrator Patrick Haynes, Secretary of the Central America and Caribbean Basketball Confederation (CONCENCABA) during an official release.According to Haynes, who also holds the portfolio of FIBA 3×3 Commission Member, “After the FIBA Executive Committee’s decision that the FIBA U17 Basketball World Cup 2020 cannot be held this year, it has been decided to offer an opportunity to the players of this age category to gather with their national team, to train and compete without the need for international travel.Several national federations are planning to organise a training camp for this age category in the coming months, depending on the local restrictions and in compliance with the FIBA Return to Basketball Guidelines. Therefore, FIBA felt that the FIBA U17 Skills Challenge 2020 could provide an additional motivation and incentive to those young players and strengthen their bonds with the National Team.” The FIBA U17 Skills Challenges is set to commence from the date of August 17th and will feature boys and girls divisions respectively. It is also to be broadcast on the entity’s digital platform of YouTube. The official rules and regulations for the event have been issued to the respective members.Haynes elaborated, “In addition, the FIBA U17 Skills Challenges 2020 will be broadcast on FIBA’s digital channels (YouTube) thus providing an opportunity also to the national federations to be present and promote their brand and their activity during these challenging times. The FIBA U17 Skills Challenges 2020 (both genders) are scheduled to take place during the week of 17 August 2020. The sixteen (16) teams already qualified for the FIBA U17 Basketball World Cup 2020 and FIBA U17 Women’s Basketball World Cup 2020 are automatically qualified for the FIBA U17 Skills Challenges 2020.”He added, “In addition to the 16 teams already qualified, FIBA has decided to also offer an opportunity to participate to all interested national federations around the world. Namely, each FIBA Regional Office will organise Regional Qualifiers during the week of 10 August 2020 to qualify one (1) men’s and one (1) women’s team from each Region. National coaches Junior Hercules and Lugard Mohan have been identified by the GABF as the primary point of contact for the recruitment and execution of this qualifier. The GABF will be selecting five boys and five girls born on and after January 1st, 2003 to represent Guyana in this regional qualifier.”“The GABF now awaits information regarding the final phase of the FIBA U17 Skills Challenges 2020 from the FIBA Americas Regional Office including the FIBA U17 Skills Challenge 2020 Registration forms, Manual and other relevant documents and video materials. Local players can begin to register via the federation’s website at http://guyanabasketball.com/en/2020/07/01/fiba-u17-skills-challenge-2020-americas-qualifiers/”, he further divulged.last_img read more

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