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  1. New year, new opportunities for decentralized renewables

    With the new year come new opportunities for decentralized energy around the world – and from our friends at energy access organization Power for All come a series of insight pieces looking ahead to what’s in store for decentralized renewables in 2017. From NGOs to utilities, from government initiatives to investor-driven funds, from established bases to new frontiers and across the technology spectrum, decentralized renewables and energy storage are entering 2017 on a high note. Here are Power for All’s tips for what, and where, to watch this year:   Will 2017 break the billion-dollar barrier? By Susie Wheeldon The end of 2016 saw a volley of investments in decentralized renewable energy (DRE) companies that saw the year out with a bang for the decentralized renewables sector, including $90 million investment into Lumos Global, a joint venture between Off Grid Electric and EDF, a $20 million investment in Fluidic, and an €14.6 million investment in Mobisol, following Investec Asset Management buying a stake in the company in October. It also saw the launch of two innovative – and potentially game changing – initiatives, a $100 million open fund for solar and storage, and the One for All campaign, an independent, global campaign to mobilize new investors to focus 1% of their assets on solutions to energy poverty. And... governments and multilateral development banks (MDBs) are finally on the move. In the last quarter of the year, the European Bank for Reconstruction and Development announced a €400 million package to support small-scale renewable energy and resource efficiency projects in Turkey, the Asian Development Bank committed a $325 million loan to connect off-grid communities in Pakistan through micro-hydro and PV systems, the United States-India Clean Energy Finance $20 million initiative was launched to catalyze OPIC investment and private finance into the DRE sector, and this week’s announcement saw the AfDB kick start a $500 Facility for Energy Inclusion with $100 million in seed funding. Much of the MDB funding is multi-year, and it may not all flow to the private market, but another record year—teamed with gathering momentum—gave us pause to ask: will 2017 be the year the billion dollar DRE investment opportunity finds its funding? (and will the World Bank join the MDB list...) Frontier markets: islands, eagles, states By William Brent The buzz around decentralized renewable energy has so far mostly been in East Africa and South Asia, i.e. high-flying Kenya and massive India and Bangladesh. 2017 will see growth of decentralized energy into new frontiers. And thanks to Sustainable Energy for All (SEforAll), we now have a clearer picture of where the biggest opportunities for renewable energy to close the access gap are. The SEforAll “Heat Maps” identify the countries where the electricity deficit is highest, as well as the countries of high-impact for renewables penetration. If you overlay those, factor in which national governments are embracing decentralized renewables, then account for countries where finance and businesses are ready to scale, we have a pretty solid idea of what’s coming in terms of potential “new wins” for the sector in 2017, including: Island dreaming Two island nations – Indonesia (250 million people) and Madagascar (25 million) – are poised for breakthrough. In both countries, Caterpillar and Fluidic Energy are aiming to use solar-plus-storage minigrids to power 1.5 million remote villagers in Indonesia and electrify 100 villages in Madagascar. Islands have long been out ahead in championing decentralized renewables. My-oh-Myanmar After India, Myanmar appears to be the darling amongst private foundations, development banks and donors for making a dent in Asian energy poverty. The country received $400 million in funds from the World Bank, with 500,000 decentralised connections targeted by 2021. The eagle Nigeria, whose national bird is the eagle, may be finally ready to soar in 2017, as could other ECOWAS countries of West Africa, including Senegal, Ghana, Benin, Ivory Coast, Niger and Sierra Leone. Nigeria is the big prize, with one-sixth of Sub-Saharan Africa’s unelectrified people living there. It is also increasingly the focus of foundations, donors and multilateral banks. Going sub-national Country-level advances on policy are key, but they are only as good as their implementation sub-nationally. That is perhaps best witnessed in India. In 2017, Odisha – with India’s highest number of off-grid households – is also hoping to make a big move. The Power Up Odisha initiative has been launched to help meet the Indian government’s ambitious goal of 24x7 Power for All by FY2018-19. Odisha could provide a compelling view into what truly integrated energy planning looks like in practice. Grab bag Several other countries often overlooked are also worth watching, including Zambia, which boasts strong national leadership, focused attention from the international community and a concentration of climate and green finance on developing a clean energy future. The Beyond the Grid Fund for Zambia, a $20 million multilateral fund, aims to provide one million Zambians with clean electricity by 2018. Keep an eye on Mozambique and Pakistan too. Four E’s: Here come the utilities By Susie Wheeldon Long filed under “corporate social responsibility” (CSR), 2017 will mark the year when decentralized renewable energy (DRE) attains legitimacy among the world’s leading utilities as a strategic, core business opportunity. As Juan Garcia Montes, Engie’s executive in charge of their African decentralized business, explained: “Engie has been present in Africa for over 50 years, where it operates in the fields of electricity, natural gas and services. We are now also working on decentralized electricity production for isolated companies and rural villages and are convinced this could be a sizable part of the market because the solutions are better, subsidies are not required and technology is not an issue. It's a very, very exciting space, and is shifting from being something purely about good, charitable efforts, to being about how to build a sustainable business.” Engie has launched its own minigrid unit, Power Corner, which is expanding next year from one to 10 minigrids in Tanzania, and has made equity investments in several pay-as-you-go solar companies, including Fenix International, BBOXX and Persistent Energy Ghana (PEG). And the opportunity has also been recognized by Engie’s peers. Enel, via its subsidiary Enel Green Power, has invested almost $12 million in a collaboration with minigrid operator PowerHive to build and operate solar photovoltaic (PV) minigrids in 100 Kenyan villages and power 20,000 households, businesses, schools and healthcare services. E.ON’s Rafiki Power runs eight PV minigrids in Tanzania, Iberdrola has invested $750,000 in beyond-the-grid financier SunFunder, and last month saw the launch of ZECI, a joint venture between Off-Grid Electric and EDF, which aims to enable two million people to access off-grid solar in the Ivory Coast by 2020, create 1000+ jobs, and rapidly expand into other West African countries. For the full series and more insight from Power for All, please visit: http://us11.campaign-archive1.com/?u=885ff8bc6c2476e70788542c5&id=994f0ac89c .  

    Online Articles

    Online Articles

    Tue, 24 Jan 2017

  2. Advanced Power Finances $1.6 Billion Gas Plant in New York

    Cricket Valley, which will cost an estimated $1.584 billion to build, will sell energy, capacity and ancillary services to the New York Independent System Operator energy market.

    Online Articles

    Online Articles

    Wed, 25 Jan 2017

  3. Coral Reef Capital invests in Krewe Energy

    Krewe Energy LLC has received a new investment from Coral Reef Capital to recapitalize the company and further support its growth.

    Online Articles

    Online Articles

    Thu, 19 Jan 2017

  4. Ares EIF Management affiliate pursues 1,060 MW gas project in Virginia

    This will be a two-on-one combined-cycle station

    Online Articles

    Online Articles

    Wed, 19 Oct 2016

  1. Ares EIF Management Affiliate Pursues 1,060-MW Gas Project in Virginia

    Online Articles

    Online Articles

    Wed, 19 Oct 2016

  2. White Deer Energy acquires RockPile Energy Services

    RockPile Energy Services LLC, a subsidiary of Triangle Petroleum Corp., has been acquired by White Deer Energy.

    Online Articles

    Online Articles

    Fri, 9 Sep 2016

  3. IHS Markit: Financial investors spent nearly $245B in upstream energy in last decade

    Lured by significant upside potential, vast numbers of attractive opportunities for investment, and ample cash and funding, financial investors spent nearly $245 billion on upstream energy transactions during the past decade, with their annual transaction activity increasing six-fold, according to ...

    Online Articles

    Online Articles

    Thu, 11 Aug 2016

  4. Post Oak Energy Capital closes third fund with $600M in commitments

    Post Oak Energy Capital LP has closed its third fund, Post Oak Energy Partners III, LP at its hard cap of $600 million.

    Online Articles

    Online Articles

    Tue, 24 May 2016

  5. Saudi shipping firm to be top VLCC operator

    National Shipping Co. of Saudi Arabia (Bahri) says it will become the world’s largest operator of very large crude carriers (VLCCs) following acquisitions by a shipping fund it’s launching with Arab Petroleum Investments Corp. (APICORP).

    Online Articles

    Online Articles

    Mon, 18 Jul 2016

  6. Calpine announces addition of Gerald Greenwald to its board of directors

    Calpine Corporation announced today the appointment of Gerald Greenwald to its Board of Directors. Greenwald is a founding partner of the Greenbriar equity group, which makes private equity investments in the transportation sector.

    Online Articles

    Online Articles

    Tue, 17 Jul 2001

  7. I Squared Capital acquires Lincoln Clean Energy, develops portfolio of renewable assets in North America

    The transaction includes an operating solar facility in southern NJ and Lincoln’s development and asset management platforms, including a robust development pipeline. Lincoln plans to deploy $250 million in equity investments through 2018.

    Online Articles

    Online Articles

    Tue, 19 Jan 2016

  8. NextDecade appoints new CFO, signs LNG agreements

    NextDecade LCC has appointed Benjamin Atkins as CFO, and has also signed heads of agreements (HOAs) totaling 14 million tons per annum (Mtpa) for the sale and purchase of liquefied natural gas.

    Online Articles

    Online Articles

    Thu, 5 Nov 2015

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