Jun 13, 2014 -In the past week the OPIC unveiled financing support for 510 MW of wind projects spanning three continents, Kyocera joined a 430-MW solar project in Japan and Casa dos Ventos emerged as the top wind power seller at Brazil's latest auction.
The Overseas Private Investment Corporation (OPIC) on Tuesday gave its nod to an investment guarantee of as much as USD 250 million (EUR 185m) for Kenya’s 310-MW Lake Turkana wind project. Just a few days later the US government’s development finance institution said it would provide up to USD 516 million in financing to back 200 MW of wind projects in Mexico and Pakistan and US company First Solar Inc’s (NASDAQ:FSLR) 141-MW Luz Del Norte solar photovoltaic (PV) project in Chile.
More details at: http://renewables.seenews.com/news/opic-to-back-kenyas-310-mw-wind-project-with-usd-250m-425110
and at: http://renewables.seenews.com/news/opic-pledges-usd-516m-for-wind-solar-projects-on-3-continents-425568
CASA DOS VENTOS’ 220-MW WIND FARM BIGGEST WIN IN BRAZIL’S LATEST AUCTION
Speaking of wind energy support, Brazil recently concluded its latest auction for guaranteed power off-take contracts for wind projects. Local renewable energy developer Casa dos Ventos won 40% of the auctioned capacity with its 220-MW Ventos de Sao Clemente project.
Overall, electricity regulator Aneel signed deals for the output of 21 wind farms at an average price of USD 58 per MWh.
More details at: http://renewables.seenews.com/news/casa-dos-ventos-220-mw-wind-farm-is-biggest-win-in-brazils-latest-auction-424775
and at: http://renewables.seenews.com/news/brazils-a-3-energy-auction-contracts-hydro-wind-power-424629
SUZLON TO ADD 1.2 GW OF INDIAN WIND IN FY, GLOBALDATA SEES 678.5 GW IN 2020
Moving to India, local wind turbine maker Suzlon Energy (BOM:532667) expects to install over 1,200 MW of turbines at home in the fiscal year through March 2015, chairman Tulsi Tanti told the Hindu Business Line recently. The company calculates that it will be responsible for about 40% of the 3,000 MW of new wind capacity expected in India for the current fiscal year.
With all said so far in our Friday Note, it is no wonder that research and consulting firm GlobalData expects to see the global wind energy capacity double to 678.5 GW by 2020 from 319 GW at end-2013. It said in a press release on Tuesday that growth would be driven by China, which is expected to boost its cumulative wind power capacity to 239.7 GW by the end of the decade.
More details at: http://renewables.seenews.com/news/suzlon-to-add-1-2-gw-of-indian-wind-capacity-in-fy-2014-15-report-424665
an at: http://renewables.seenews.com/news/globaldata-sees-global-wind-capacity-at-678-5-gw-in-2020-425130
KYOCERA, PARTNERS MAY BUILD 430-MW SOLAR PARK IN JAPAN
On the solar front, Japan's Kyocera (TYO:6971) said Thursday it would take part in a consortium to explore the possibility of operating a 430-MW solar complex on Ukujima island, southern Japan. The company will be the equipment supplier and will partner with engineering firm Kyudenko Corp (TYO:1959) to build, operate and maintain the planned solar power generation complex. Mizuho Bank, on the other hand, will take care of the planning and coordination of the projects’ financing.
More details at: http://renewables.seenews.com/news/kyocera-partners-may-build-430-mw-solar-park-in-japan-425357
WORLD BANK APPROVES USD-1BN LOAN FOR 2.2-GW HPP IN PAKISTAN
This week the hydroelectricity industry also made it to the list of top headlines as the World Bank said Tuesday it had given the green light to a USD-1-billion financing package for the construction of the 2,160-MW run-of-river Dasu hydropower plant (HPP) in Pakistan. The project is the first stage of a 4,320-MW hydropower complex on the Indus River in Kohistan district, northern Pakistan.
More details at: http://renewables.seenews.com/news/world-bank-approves-usd-1bn-loan-for-2-2-gw-hpp-in-pakistan-425223
(USD 1 = EUR 0.738)
Choose your newsletter by Renewables Now. Join for free!
