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THE FRIDAY NOTE: Chile to go 20% green by 2025 and the rest of the week's top picks

(SeeNews) - Oct 18, 2013 - This week Chile sets 20% renewables goal by 2025, Kazakhstan’s Zhambyl province unveils 165 MW of green projects and WWEA says global wind power capacity has surpassed 296 GW, while BNEF reports a 20% year-on-year drop in third-quarter clean energy investment.

According to a law promulgated on Monday, Chile's energy ministry will organise annual public tenders for power from renewable energy projects. The law also sets a goal to increase Chile's renewable energy generation to 20% of its electricity sales by 2025. The move is aimed at reducing barriers to these technologies, increasing competitiveness in the sector and reducing dependence on fossil fuel.

More details on: http://renewables.seenews.com/news/chile-to-promote-renewable-energy-via-tenders-383531   

LATIN AMERICA, CARRIBEAN BOOST SHARE IN GLOBAL GREEN SPENDING TO 6%

Chile’s pro-renewables move came just in time to back a new study by the Multilateral Investment Fund (MIF) and Bloomberg New Energy Finance (BNEF) showing that the renewable energy sector in the countries in Latin America and the Caribbean is expanding. The Climatescope report indicates that the region grabbed a 6% share of the overall global clean energy investment for 2012, marking an increase from 5.7% a year ago thanks to increased policy support and the expansion of supply chains in the area.

In a separate report on Monday, BNEF said that investment in clean energy worldwide had slipped by 20% year-on-year to USD 45.9 billion (EUR 33.5bn) in the third quarter of 2013. BNEF projects that clean energy spending around the globe in 2013 will fall behind last year’s total of USD 281 billion. Its chief executive, Michael Liebreich, explained that the overall result for July-September reflects the policy uncertainty in Europe, the cheaper petrol prices in the US and the weaker spending on wind and solar projects in China. Still, Canada, Chile and Uruguay showed improved investment figures.

More details on: http://renewables.seenews.com/news/latin-america-caribbean-boost-share-in-global-green-spending-to-6-383831
and on: http://renewables.seenews.com/news/global-clean-energy-spending-drops-to-usd-46bn-in-q3-bnef-383176

KAZAKHSTAN’S ZHAMBYL PROVINCE TO ADD 165 MW OF RENEWABLES       

Kazakhstan’s southern province of Zhambyl is planning to build 165 MW of hydropower, wind and solar plants, Tenginews said Tuesday, citing the head of the local government Kanat Bozumbayev. The projects, which will be developed in collaboration with private firms, require investments of USD 370 million. After constructing the facilities, Zhambyl will be sourcing 40% of its total electricity mix from renewables, Governor Bozumbayev said.

More details on: http://renewables.seenews.com/news/kazakhstan-s-zhambyl-province-to-add-165-mw-of-renewables-report-383478

WORLD ADDS 14 GW OF WIND IN H1

The World Wind Energy Association (WWEA) released a new report on Thursday showing that wind power capacity additions have slowed down in the first half of 2013 to 13.98 GW, bringing the global total to 296.26 GW. For comparison, in the first half of 2012 fresh wind turbine installations totalled 16.5 GW. WWEA explained that the decline was the result of weaker installations in the US which were just in part offset by emerging wind power markets.

Already wind power can meet 3.5% of the global power demand.

More details on: http://renewables.seenews.com/news/world-adds-14-gw-of-wind-in-h1-2013-384213

STATOIL SCRAPS WIND PROJECT OFF MAINE, NEXTERA 485-MW SOLAR SCHEME GETS NEGATIVE FEEDBACK

It became clear on Tuesday that Norwegian oil major Statoil ASA (OSL:STL) will not proceed with a planned 12-MW offshore wind park in Maine. The company explained that regulatory issues and scheduling delays “made the project outlook too uncertain to proceed.” Instead, it will focus on another offshore wind project in Scotland on which it has been working in the past three years.

On the same day, the California Energy Commission said that NextEra Energy’s (NYSE:NEE) 485-MW Blythe solar project in California would have a significant impact on the environment. In the second portion of its examinations the commission concluded that the project would negatively affect areas of biological and cultural resources and result in negative land use, visual and cultural effects, even with the proposed mitigation measures.

More details on: http://renewables.seenews.com/news/statoil-abandons-12-mw-wind-project-off-maine-383927
and on: http://renewables.seenews.com/news/commission-says-nextera-s-485-mw-california-solar-scheme-will-harm-environment-383670

CALIFORNIA SETS 1.3-GW ENERGY STORAGE GOAL FOR UTILITIES

With or without the Blythe solar complex, California is still one of the leading US states in terms of installed renewable energy capacity that will keep growing. The California Public Utilities Commission (CPUC) on Thursday unveiled an energy storage target of 1,325 MW by 2020 for utilities Pacific Gas and Electric Co (PG&E), Southern California Edison (SCA) and San Diego Gas & Electric Co (SDG&E). The new regulations were adopted in order to optimise the power grid's operation, facilitate the addition of more renewable energy capacity and cut carbon dioxide (CO2) emission to 80% under 1990 levels by 2050.

More details on: http://renewables.seenews.com/news/california-launches-1-3-gw-energy-storage-goal-for-utilities-384127

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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