New analysis from Frost & Sullivan, Power Infrastructure Tracker in East Africa, finds that the demand for electricity in East Africa is expected to grow at approximately 5.3 percent per year till 2020. To meet these requirements, generation capacity would have to increase by 37.7 percent in Uganda, 96.4 percent in Kenya, 75.3 percent in Tanzania and 115 percent in Rwanda.- Calling it “critically important,” the Solar Energy Industries Association (SEIA) applauded “commence construction” legislation introduced by Sen. Michael Bennet (D-CO) and Sen. Dean Heller (R-NV). Their bipartisan legislation would allow America’s solar energy companies to make full and effective use of the Investment Tax Credit (ITC). The bipartisan legislation would allow companies to qualify for the ITC if their projects are under construction before the law’s expiration date at the end of 2016.
- Clean Energy Pipeline, the specialist online financial news, data and research provider, is currently compiling data for inclusion in its fifth annual global renewable energy M&A report, and is seeking insight from key industry stakeholders. The 2014 report will explore a number of themes, including how M&A activity will evolve over the next 18 months, how valuation multiples have fluctuated, the availability of financing for M&A transactions and the potential impact of policy change on the global renewable energy market.
- The Sierra Club has released a new report, “Workers, Communities, and the Clean Energy Economy,” laying out a vision for workers in the transition to a clean energy economy. The report highlights opportunities brought on by the exponential growth of clean energy sources like wind and solar; calls for a just and fair transition for workers and families as communities transition from fossil fuels to clean energy; and focuses on the shared vision between working families and environmentalists for a healthier, safer, and more prosperous future.
