EU backs Mexican clean power

EU backs Mexican clean power image

The European Investment Bank (EIB) has signed a memorandum of understanding (MoU) with Mexican development bank Nacional Financiera (NAFIN) to support projects that combat climate change, particularly renewables.

EIB and NAFIN are cooperating to potentially set up a credit line for renewables projects, such as photovoltaic plants and wind farms.

EIB vice-president responsible for operations in Latin America Román Escolano said: “This MoU is the first step in a promising partnership between the EIB and NAFIN, targeting new joint investment opportunities in Mexico.”

NAFIN general director Jacques Rogozinski said: “Working together with the EIB in renewable energy projects, and sharing experiences and best practices on this area, will allow NAFIN to support the federal government’s climate change goals and international commitments.”

Germany’s High-Priced Energy Revolution

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Germany has launched a renewable-energy revolution, and it’s paying a fortune to achieve it. In the past decade its green-minded politicians, backed by green-minded voters, have undertaken an extraordinary energy transition known in German as the Energiewende. At the center of the transformation has been a slate of renewable-energy subsidies that have dramatically scaled up once-niche solar and wind technologies and in the process have slashed their cost, making them competitive in some cases with fossil fuels.

Europe’s renewable energy revolution

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More than 2km down a dark tunnel deep inside a Norwegian mountain, a drilling machine is boring out holes in the rock. It’s part of a major project that will connect Britain to Norway’s huge hydroelectric power supplies, passing power lines through the mountain near Kvilldal, southwest Norway, before laying the world’s longest undersea power cable, 450km long, to Blyth in Northumberland.

It will take years to build, but when it is completed, the UK could import 1,400 megawatts of electricity, enough to power more than 750,000 homes. It will also allow Britain to export any surplus wind energy back to Norway.

This is just part of a quiet revolution in renewable energy across Europe. An international power grid is gradually developing, using power interconnectors to trade surplus energy across national electricity networks, allowing big wind power producers in northern Europe, for example, to trade electricity with large solar energy generators in southern Europe.

The UK has already plugged into the network through interconnectors to Ireland, Belgium, the Netherlands and France, and there is a proposal for a highly ambitious project to connect Britain to Iceland’s abundant supply of geothermal and hydroelectric power using a subsea cable around 1,000km long.

This international power grid gives more reliable supplies, helping to smooth out the intermittent power produced from renewables such as wind and solar energy. It also gives Britain more secure power sources as old nuclear and out-of-favour coal plants are shut down.

In theory, it could even bring the wholesale energy price down, thanks to the increased availability of cheap renewable power generated far away from where the main energy demand centres are.

Conquest raises US$124 million in first close for renewable energy fund

The fund will provide a recurring annual yield to investors, with an unlevered or reduced debt exposure. Image: Emeraude Energy

Independent asset management and advisory firm Conquest has wrapped up its initial close for its renewable energy fund, with the company securing US$124 million from solicitations and commitments from European investors, including insurance companies, pension funds, banks and global energy corporates.

Conquest Renewable Yield Europe possesses a 20-year strategy of deploying equity in OECD renewable power real assets — primarily focusing on Western Europe brownfield solar and wind portfolios.

The fund will provide a recurring annual yield to investors, with an unlevered or reduced debt exposure, along with a target exit IRR that goes along with the sector’s expectations.

Frédéric Palanque, managing director at Conquest, said: “Infrastructure real assets, such as renewable power assets, offer this unique long-term predictable and sustainable cash-flow profile, which institutional investors tend to mirror in their ALM strategies. We believe the fund will disrupt the existing infrastructure landscape, as investors will benefit from a +20-year ‘Super Bond’ like return, which adequately suits the institutions with a long time investment horizon, looking for recurring fixed income with inflation-protection. However, the fund is also crafted to offer the necessary exit flexibility, for the ones requiring an earlier arbitration, as early as year 10.”

Stéphane Wattez-Richard, director at Conquest, added: “European investors have demonstrated to be bullish on the renewable power asset class, driven by the investment in new power generation capabilities to replace ageing facilities, with cost effective solutions, and compliant with the climate change concerns.

25 Cities in the United States Now Committed to 100% Renewables

Madison, Wisconsin and Abita Springs, Louisiana are transitioning to 100 percent renewable energy following respective city council votes on Tuesday.

Madison and Abita Springs are the first cities in Wisconsin and Louisiana to make this commitment. They join 23 other cities across the United States—from large ones like San Diego, California and Salt Lake City, Utah to smaller ones like Georgetown, Texas and Greensburg, Kansas—that have declared similar goals.

Madison is the biggest city in the Midwest to establish 100 percent renewable energy and net-zero carbon emissions. The Madison Common Council unanimously approved a resolution to allocate $250,000 to develop a plan by January 18, 2018 that includes target dates for reaching these goals, interim milestones, budget estimates and estimated financial impacts.

Madison Common Council Alder Zach Wood said that his city is determined to “lead the way in moving beyond fossil fuels that threaten our health and environment.”

After a unanimous vote, Abita Springs is aiming to derive 100 percent of the town’s electricity from renewable energy sources by December 31, 2030.

The Sierra Club noted that Tuesday’s votes from the politically polar municipalities reflect the growing bipartisan support for alternative energy development. To illustrate, during the November election, more than 70 percent of Madison voters supported Hillary Clinton versus the 75 percent of voters in St. Tammany Parish, where Abita Springs is located, who supported Donald Trump.But as Abita Springs’ Republican mayor Greg Lemons said, “Transitioning to 100 percent renewable energy is a practical decision we’re making for our environment, our economy and for what our constituents want in Abita Springs.”

“Politics has nothing to do with it for me. Clean energy just makes good economic sense,” Lemons added.

LeAnn Pinniger Magee, chair of Abita Committee for Energy Sustainability, had similar remarks.

“In a state dominated by oil interests, Abita Springs is a unique community that can be a leader on the path to renewable energy,” she said. “Our town already boasts the solar-powered Abita Brewery and we can see first-hand how clean energy benefits our businesses and our entire community. By transitioning to 100 percent renewable energy, we will save money on our utility bills and protect our legendary water and clean air in the process.”

Last year’s Gallup poll indicated for the first time that a majority of Republicans and Republican-leaning independents prefer an alternative energy strategy. Fifty-one percent of Republicans favor alternative energy, up from the previous high of 46 percent in 2011.

“Whether you’re Republican or a Democrat, from a liberal college city or a rural Louisiana town, clean energy is putting America back to work and benefiting communities across the country,” Jodie Van Horn, director of the Sierra Club’s Ready for 100 campaign, said. “That’s why Madison, Wisconsin and Abita Springs, Louisiana, today join the ranks of 23 other cities and towns across the United States that are going all-in on clean, renewable energy.”

Van Horn noted that local leaders and governments will be increasingly tasked to curb President Trump’s pro-fossil fuel policies and gutting of environmental regulations.

“As the Trump Administration turns its back on clean air and clean water, cities and local leaders will continue to step up to lead the transition towards healthy communities and a more vibrant economy powered by renewable energy,” she said.

The Solutions Project, which aims to make clean energy accessible and affordable for all, is advocating for towns, cities, states and even the whole country to convert its energy infrastructure to renewables.

The Solutions Project team published a study and roadmap that illustrates how each U.S. state can replace fossil fuels by tapping into the renewable resources they have available, such as wind, solar, geothermal, hydroelectric, as well as small amounts of tidal and wave power.

The authors found that converting the nation’s energy infrastructure into renewables is ideal because it helps fight climate change, saves lives by eliminating air pollution, creates jobs in the rapidly booming renewable energy sector and also stabilizes energy prices.

The current results of our recent Survey

We have currently gathered data from 28 respondents from our survey.

We are going to show the choices that has the majority of our respondents’ favor.

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On our first question, the majority (67.9%) of the respondents has found Solar Energy to be the most efficient Energy source among the other three options.

2.jpgOn our Second question, at most 10 of 28 (35.7%) of our respondents has rated “3”, on their answers to our question of how high is the pollution level on the respondent’s area.

3.jpgOn our third question, we asked the respondents for their opinion, if they perceive Renewable energy as a proper successor to Non-renewable Energy Sources in the near future.

At most 22 out 28 (78.6%) said yes

4.jpgOn our fourth question, we asked the respondents if they think the Government of the Philippines is making proper steps on replacing Non-renewable energy sources with the Renewable energy source alternative.

The majority of the results of the given choices are in balance, 14 out of 28 (50%) has selected “ofcourse, without a doubt” and 14 out of 28 (50%) has selected “No”.

5.jpgOn our fifth and last question, we asked the respondents if should all the nations across the globe adopt Renewable Energy Sources as their standard energy Source.

At most 26 out of 28 (92.9%) said Yes

We are conducting a survey

After the creation of this environmental movement, we have decided to initiate a survey for the general public and the netizens in the internet.

In this survey, we are seeking to gather the people’s opinion and perception upon the characteristics and desirability of renewable energy sources.

Please feel free to cooperate on this survey activity, we’d like to receive your feedback

Link: https://docs.google.com/forms/d/1BjT1vYSZbfT5ELJ0VWafBwcDDYI2VndpyrGXAQZqiQQ/edit#responses

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