Energy Update
Kenya, East Africa’s biggest economy, is in talks with international investors to prepare the sale of the country’s first green bond, Nairobi Securities Exchange Chief Executive Officer Geoffrey Odundo said.
Renewable energy companies in emerging markets in Africa and Asia frequently lament the shortage of financing as the main barrier to scaling decentralized solutions, such as rooftop solar and mini-grids. But at a summit in early June, industry leaders singled out the lack of supportive national energy policies as the biggest obstacle to accelerated growth.
The intermittent nature of renewable generation is one of the largest hurdles impeding the industry’s growth. Though increasingly cost effective, renewables often produce power when consumers don’t need it. While energy storage may be a realistic solution in the future, better grid interconnectivity and efficient cross-country power lines may prove a more immediate solution.
DUBAI, June 13 (Reuters) - Saudi Arabia's powerful deputy
crown prince flew to the United States on Monday for meetings
with U.S. President Barack Obama and U.N. Secretary-General Ban
Ki-moon, Saudi media reported.
FRANKFURT, June 13 (Reuters) - The fall in oil prices over
the past two years will add less to global growth than earlier
thought and the overall impact could even be negative, the
European Central Bank said on Monday.
DUBAI, June 13 (Reuters) - Saudi Arabia's deputy crown
prince will fly to the United States on Monday for meetings with
U.S. President Barack Obama, U.N. Secretary-General Ban Ki-moon
and senior officials, Saudi-owned newspaper Asharq al-Awsat
reported.
LONDON, June 13 (Reuters) - Libya's $67 billion sovereign
wealth fund will go head-to-head with Goldman Sachs in London's
High Court this week over claims that the U.S. investment bank
exploited the fund by encouraging it to make risky and
ultimately worthless investments.
HONG KONG, June 13 (Reuters) - Chinese state-owned companies
seeking to buy European assets are going to face greater
regulatory scrutiny following a landmark European Commission
decision on a recent deal.
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