Solar Drives Record Year for Renewables

Posted on Oct 3, 2017 2:03:00 PM

Renewable energy accounted for nearly two thirds of net new power capacity around the world last year, according to the International Energy Agency (IEA).

Almost 165 GW of new renewable capacity came online in 2016 — a record — with a huge rise in Solar PV in China leading the way.

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Topics: Renewable Energy, Solar, China

China New Heart of Green Finance

Posted on Sep 27, 2017 1:27:12 PM

China has established itself as a strong market presence in energy finance, and emphasis is increasingly being put on socially responsible investment.

As countries in Asia, particularly China, set ever more ambitious climate change and pollution reduction targets, the financial sector is starting to readjust for a new reality, where the environmental impact of investments is now a key factor.

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Topics: Investment, Carbon Trading, China, Social Responsibility

World's Biggest Floating Solar PV Plant Connected to Grid

Posted on May 31, 2017 11:31:00 AM

The world’s largest floating PV power plant has been hooked up to the grid in Anhui, China, providing green energy and making use of an otherwise unused expanse of water.

The 40MW capacity PV plant, which has been supplied with inverters by Sungrow, has been set up in a subsided mining area which flooded with rainwater and, due to the high mineral levels in the water, was deemed worthless.

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Topics: China, Floating Solar, Solar PV, Sungrow

China on the Road to Electric Taxi Fleet

Posted on Mar 1, 2017 11:13:00 AM

Chinese capital Beijing have announced their plans to replace all their 67,000 taxis with electric cars as part of their battle against air pollution. The city reached eight times the World Health Organisation recommended air pollution levels earlier this month, with persistent smog settling over the city for days.

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Topics: Air pollution, Electric Cars, China

China Poised to Take Control of Renewable Energy World

Posted on Feb 6, 2017 5:02:00 PM

2017 looks like being the year of the dragon when it comes to clean energy.

China is poised to seize leadership in the field of renewables in just about every significant sector, particularly as uncertainty surrounds the commitment of the USA to green forms of power. As we reported last September in the OPEN blog China Taking the lead in Renewable Investment, China has already surpassed the EU in clean energy investment

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Topics: Renewable Energy, Investment, Cleantech, Solar, China

Green Bond Market Set to Boom

Posted on Feb 2, 2017 12:42:00 PM

Green Bond issuance is expected to double to more than US$200 billion worldwide in 2017, according to Moody's Investor Services. As the stimulus provided by the Paris climate agreement and China's commitment to a clean energy policy continues to kick in, new investors are expected to flock to the market for environmentally sound financial instruments.

In recognition of the need to give such investors a suitable home for their market, new issuers and investment structures – such as OPEN's €500 million multi-currency Cleantech Bond – are expected to be joined by sovereign states in the green bonds market. 

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Topics: Green Bonds, Paris Agreement, Cleantech, China

Billion Dollar Solar Plan for Chernobyl Disaster Area

Posted on Jan 16, 2017 1:32:00 PM

Plans to develop solar power farms in the radiation contaminated zone surrounding Chernobyl have taken a step forward with the announcement of a possible US$1 billion investment from Chinese firms.

According to Ukrainian Minister of Ecology and Natural Resources, Ostap Semerak, the country is in talks with two Chinese companies to pursue possible investments in building a solar farm near the scene of the nuclear disaster that rocked the world in on April 26th, 1986.

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Topics: Ukraine, Chernobyl, Solar Plant, Nuclear Disaster, China

China Taking The Lead In Renewable Investment

Posted on Sep 14, 2016 3:45:00 PM

China may be the world's biggest emitter of carbon fumes (32% of global emissions) but this dubious distinction also means it is set to become the leading country when it comes to sustainable energy as it seeks to clean up its act.

Indeed, the country has already surpassed the EU in clean energy investment, R&D spending and in the production and sales of electric vehicles. This should be no surprise given its large population and rapidly expanding economy, but the other leading nations in clean energy technology will need to be careful they don't get sidelined in the development of new technology as China gears up to hit its target of producing 20% of its power through renewables by 2030.

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Topics: Renewable Energy, Investment, Renewables, China

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