Energy Update
The Global Innovation Lab for Climate Finance (the Lab) launched six innovative finance solutions to drive private capital towards climate action in developing economies.
The six instruments seek to unlock $380 million in climate finance from commercial, concessional, and philanthropic investors for sustainable energy access, food systems, and urban infrastructure.
This Lab cohort also includes instruments with a regional focus on Brazil and Southern Africa.
Governments need to move faster and more decisively on policy measures to enable low-carbon hydrogen to help the world reach net-zero while boosting energy security.
This is according to the latest report released by the International Energy Agency (IEA), Global Hydrogen Review 2021, that states the nascent hydrogen market is on the cusp of significant cost declines and widespread global growth.
Contributed by Jared Wigginton
Federal wildlife laws present significant obstacles to developing and operating wind energy and transmission projects. Although not intended to, these projects inevitably will harm or kill (“incidentally take”) some protected migratory birds, eagles, and/or other species. To shield themselves from liability for this incidental take, developers must obtain and comply with permits.
Massachusetts has found early success with its behind-the-meter energy storage incentive program.
SSE Renewables has signed an agreement with Japanese renewable energy developer, Pacifico Energy, to create a joint ownership company that will pursue offshore wind energy development in Japan.
The creation of the joint ownership company involves the acquisition by SSE Renewables of an 80% stake in an offshore wind development platform from Pacifico Energy and is aligned with SSE Renewables’ expansion strategy.
ONYX Insight has released a new report providing recommendations on how the wind energy sector can remain successful and profitable for players.
The Decoding Wind’s Future study states that successful renewable energy operators will need to be responsive to pricing mechanisms and tailor their operations to improve profitability.
Three ways wind energy sector players can do so include:
A group of anonymous solar companies will be forced to identify themselves in order for the U.S. Dept. of Commerce to consider implementing tariffs on cells and modules imported from Thailand, Malaysia, and Vietnam.
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