ReneSola has announced that it has sold its 34.6 MW Port Farms utility scale project in the United Kingdom to Foresight Solar Fund Limited. This represents ReneSola’s second project sale to Foresight Group, a leading, independent infrastructure and private equity investment manager, following the sale of its 6.4 MW Field House project in July 2015 to other funds managed by Foresight.- A survey commissioned by an environmental group found that 6 in 10 voters support President Obama’s landmark climate rule for power plants. The poll, released by the League of Conservation Voters, also concluded that 70 percent of United States voters want their state governors to comply with the regulation. Only 31 percent disagreed with the rule, and 17 percent said their states’ governors should not comply. The group characterized the support for the rule as an “overwhelming majority.”
- Climate Policy Initiative (CPI) and Climate Investment Funds have released analysis on “the Role of Public Finance in Deploying Geothermal Energy in Developing Countries.” The research relied on stakeholder dialogue as well as three case studies on geothermal projects of different sizes and development models in Turkey, Kenya and Indonesia. Among the key findings, the researchers estimate public finance for geothermal “needs to increase 7-10 fold (from USD 7.4 billion currently to USD 56-73 billion) in order to drive enough private investment to meet developing countries’ deployment targets of 23GW out to 2030.” Policy recommendations include ambitious deployment targets, feed-in tariffs and centralized data-sharing.
- In a supplement to federal loan guarantee solicitation announcements, the Department of Energy’s Loan Programs Office (LPO) has issued guidance for potential applicants who are looking for support on distributed energy projects. This supplement joins the existing Renewable Energy and Efficient Energy Projects and Advanced Fossil Energy Projects solicitations. Distributed thermal heating and/or cooling installations, including solar thermal and groundsourced geothermal, are included.
