As the UK strives to meet its EU target of 15% renewable energy consumption by 2020, the government has taken several steps to reduce the country’s carbon emissions by 34% and 80% by 2020 and 2050, respectively, compared with 1990 levels, according to a report by research and consulting firm GlobalData. Europe Renewable Energy Policy Handbook 2014 states that the UK government is now promoting renewable energy sources through a substantial amount of financial support by way of subsidies, active research and development, government-sponsored loans, and tax allowances.
Clean Energy Pipeline has published its 2014 edition of its Clean Energy UK Finance Guide, the definitive reference source for UK renewable energy and cleantech in 2014. Alongside thought-leadership from our sponsors, the guide includes detailed league tables of the most active law firms, debt providers and investors in 2013 and a comprehensive directory. The report also includes 10 white papers and market analysis.
BayWa r.e. Wind, LLC has announced that it has sold its equity stake in the 19.8 MW Brahms wind project, located in Curry County, New Mexico, to Macquarie Infrastructure Company, an affiliate of the Macquarie Group. The project was placed in service last February and BayWa r.e. Wind announced the closing of tax equity with a Union Bank affiliate in May 2014.. BayWa r.e. Wind, LLC acquired the development rights in July 2013. This marks MIC’s first investment in wind power generation. BayWa r.e. will have a continuing role as asset manager for Brahms. This is the third project BayWa r.e. completed since the takeover and the fourth project will be completed later this year. BayWa r.e. was represented by Morrison & Foerster in the sale while Macquarie was represented by O’Melveny & Myers.
Enable Energy, a technology, product development and business strategy consulting firm focused on accelerating the deployment of leading-edge solar technology, has announced the availability of Avanza,a versatile pitched-roof solar racking system. Avanza is the second product launched during the past month by Enable Energy for license to solar module and racking manufacturers. The first product, Solanté, is a flexible and robust system for commercial solar module installations.