M&A activity in the global power and renewables sectors is expected to pick up this year, after the value of deals fell by 10 percent in 2013, according to a new research report from PriceWaterhouseCoopers. Total worldwide power and renewables 2013 deal value was down 10% year on year, reported PWC. But the Asia Pacific region and the renewables sector bucked the trend. Renewables deal value rose 25% the value of Asia Pacific deals was up … [Read more...]
How IT startups can improve energy efficiency
The latest progress in big data analysis has enabled the remarkable development of a group of internet startups which can dramatically change the energy efficiency sector. This group mainly consists of web-based platforms that can track and analyse energy consumption data in real-time. These platforms give the possibility to quantify the results of the implementation of energy efficient technologies. The ability to model and evaluate various … [Read more...]
Worldwatch Institute report reveals extent of global energy subsidies
Efforts by a variety of organizations to quantify global support for fossil fuels have generated estimates that range from $523 billion to over $1.9 trillion, depending on the calculation and what measures are included. What is clear is that the level of support has rebounded to 2008 levels following a dip in 2009-10 during the global financial crisis, writes Worldwatch Research Fellow Philipp Tagwerker in the Institute's latest Vital Signs … [Read more...]
Irena and Abu Dhabi invest in renewable energy projects
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have announced approximately $41 million in concessional loans for renewable energy projects in developing countries. The financed projects have a combined total capacity of 35 MW and will bring reliable and sustainable power to rural communities that are currently lacking access to modern energy services. The loans go to a geographically diverse set … [Read more...]
European venture capital firms support KIC InnoEnergy’s cleanteach startups
A number of top European venture capital companies have signed a collaboration agreement to support the most innovative clean tech start-ups in the EU. In a first-of-its-kind move for the industry, the community will provide KIC InnoEnergy’s 37 European startups with access to €3 billion in the next two years. “This agreement has exceeded our initial expectations. The idea of a VC [venture capital] community was new in this sector, and we did … [Read more...]
Investment funds not prepared for climate risk
The second ever Global Climate Investment Index, which demonstrates how the world’s biggest investors are managing climate risk, reveals that many investment funds are setting investors up for massive losses due to their exposure to climate risks. At the same time, the Asset Owners Disclosure Project’s 2013/14 (AODP) shows that the world’s investment system is capable of driving the low carbon transition. The Asset Owners Disclosure Project’s … [Read more...]
EBRD will not finance coal-fired power plants anymore
The European Bank for Reconstruction and Development (EBRD) has adopted a new strategy that will guide its investments in the energy and natural resources sector for the next five years. In this strategy the Bank – already the largest investor in renewable energy and energy efficiency projects in its region of operations – in its own words "sets out a commitment to helping its countries of operations move toward a sustainable energy … [Read more...]
The battle over the world’s largest wealth fund – and what it means for the energy sector
A broad movement has emerged in Norway to get the country’s $720 billion sovereign wealth fund to invest in renewable energy. According to Terje Osmundsen, blogger and Senior Vice President of Scatec Solar, a globally leading solar power provider, such a change in strategy would have far-reaching effects on the global energy market. Not only directly, but also indirectly as Norway’s fund is seen as a model by other SWF’s. Meanwhile, pressure is … [Read more...]
Crowdfunding renewables: game-changer for the energy sector?
Crowdfunding of renewable energy projects is growing fast in Europe. If this grassroots movement gets organized in time to access the big money available in the next round of cohesion funding, it could have far reaching effects on the European energy sector. … [Read more...]
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