The Middle East and North Africa region is on the cusp of a new energy revolution. US$50 billion has been set aside for investment in solar power projects by 2020, as MENA governments seek to maximise the long term value of their hydrocarbon resources by utilising solar energy to meet growing domestic consumption. Whilst these ambitious targets present a significant opportunity for potential sponsors of solar power projects in the region, there are a number of key considerations which sponsors may wish to bear in mind in establishing a framework for their investments.
LCOE
3 Top Legal Issues to Tackle on Solar Projects
By Derek McKinley, Chirag Sanghrajka | Latham & Watkins LLPSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.IEA: Renewables Growing But Not Fast Enough
By EEnergy InformerDespite impressive gains, policy uncertainties prevail First, the good news: Global investments in new clean-energy capacity will total $1.61 trillion through 2020 according to the International Energy Agency’s (IEA) latest annual renewable report. The Paris-based agency predicts annual investment in wind, solar and biomass to average $230 billion. This will boost renewables’ contribution to about… Keep reading →
In OPT’s Wake, New US Wave Energy Players Grab Spotlight
By Pete DankoThank your lucky stars, Australia. Ocean Power Technologies (OPT) left town before too much damage could be done. Meanwhile, a message to U.S. wave energy fans: Don’t lose faith. Oregon, which also suffered a big OPT disappointment, seems to be bouncing back just fine. First the Australia story: OPT last week pulled the plug on… Keep reading →
The concept of grid parity is the following: the point at which the cost of producing electricity from an energy source is less than or equal to the price of purchasing power from the grid. In theory, when solar energy reaches grid parity it will be cost-competitive with conventional fuels, making it viable for widespread… Keep reading →
It’s just one energy sector watcher weighing in, but Lux Research does have pretty good credentials, so we’ll run with it, leading with their headline: “Solar to Become Competitive with Natural Gas by 2025.” So says the Boston-based consultancy in an eyebrow-raising analysis that adopts the view that, for now, cheap natural gas can be a… Keep reading →