Saudi corporate entities set sights on sun and solar power

Saudi corporate entities set sights on sun and solar power

Commercial Solar, Solar Power, World News
Facing rising energy consumption, the Kingdom of Saudi Arabia is getting serious about wind and solar power to offset domestic oil use. Corporate entities - reading the political tea leaves - are beginning to see solar power specifically as an actionable hedge against projected rises in energy costs. A most telling recent announcement hit on October 18, 2017, when news broke that the The Saudi Public investment fund (PIF) has established the new energy services company - ‘Super ESCO.’ This new energy services company has been funded a healthy $507M, and is intended to work with the Ministry of Energy, Industry, and Mineral Resources; Ministry of Finance; and the Saudi Energy Efficiency Centre. The goal is to reduce government spending on the energy sector by 2030, as laid out by…
Read More
United States to fund South African solar power plant

United States to fund South African solar power plant

World News
The Overseas Private Investment Corporation (OPIC), the United States' government development finance institution, said it has approved funding for a $400 million solar farm in South Africa as part of new energy projects in emerging markets. California-based SolarReserve and Saudi Arabia's ACWA Power will collaborate to build and operate the 100 megawatt solar plant in the Northern Cape province, said OPIC in a statement published last Thursday and seen by Reuters on Monday. [adinserter block="1"] The company said the initiative was part of President Barack Obama's $7 billion plan to "Power Africa". Launched in 2013, the plan aims to boost electricity access in Sub-Saharan Africa. The initiative has prioritised expanding the continent's capacity to generate electricity, with an additional focus on small-scale renewable energy investments. OPIC also said it had…
Read More
Indian Government Calls for Utilising Rooftop Space for Solar Projects

Indian Government Calls for Utilising Rooftop Space for Solar Projects

Commercial Solar, World News
NEW DELHI: The Centre has asked its ministries, States and all educational institutions across the country to utilise the space available with them to install grid connected solar rooftop systems. The government has set a target of 40,000 MW of grid connected rooftop solar power generation capacity by 2022 under the National Solar Mission. In a recent letter to all central ministries, States, public sector organisation, educational institutions, schools and colleges, New and Renewable Energy Ministry has urged to install grid connected solar rooftop systems/projects in their buildings. "Huge rooftop space is available in government buildings..even if a part of this space is utilised for setting up rooftop solar systems, thousands of MW of solar power can be generated, " the letter suggested. About ten square meter space is required…
Read More