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Latin America and Caribbean solar markets to skyrocket by 2017

A recent report by solar energy market research firm NPD Solarbuzz suggests that demand for solar photovoltaic energy across Latin America and the Caribbean is set to skyrocket over the next four years, with a projected compound annual growth rate of 45 percent. Mexico, Chile and Brazil are already emerging as market leaders in the region, with rapid growth in the solar sector fueled by a combination of net-metering, Renewable Portfolio Standards and other policies...

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India to invest in Iran’s renewable energy sector

India will invest in Iran’s renewable energy sector through the construction of wind and solar projects in the Islamic republic, said Yousef Armodeli, chief of the Iranian Renewable Energy Organization (S.U.N.A.). In an agreement signed by the two countries, India will provide “technical know-how” to Iran and invest in the design, construction, installation and launch of power plants, reported Press TV...

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Africa’s renewable energy sector to hit $57 billion by 2020 - UN

Africa’s renewable energy sector will be worth $57 billion by 2020, according to a senior official at the United Nations. Speaking at a business forum of investors and policy makers in Addis Ababa, Said Adejumobi, the Director for Governance and Public Administration Division of the U.N. Economic Commission for Africa, said the sector recorded a “staggering” 1,583 percent...

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Guest Post: Download: Key solar power projects in Africa

With the news of OPICs investment in solar power in South Africa, I found it fitting to share with you a presentation from SolarWorld, highlighting their key projects and opportunities in solar power throughout Africa. Focused specifically on off-grid and roof-mounted operations, Ingo Stinnes, General Manager of Solar World takes us through their projects ranging from a Football for Hope Centre in Lesotho...

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South African’s Letsatsi and Lesedi solar projects get $564 million

Two solar photovoltaic projects in South Africa’s Free State and the Northern Cape will be delivering renewable energy for more than 50,000 homes in the region by mid-2014. A consortium comprising solar power developer SolarReserve; South African investment and financial advisors Kensani Group; and South African renewable energy developer Intikon Energy closed $586 million in financing for...

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African region’s wind energy resource better compared with other countries

Africa has a huge wind energy reserve just waiting to be tapped compared with other developing regions, a study presented before an economic conference concerning the region shows. According to a paper presented at the 2012 African Economic Conference, out of the 27 developing countries across all continents that hold the highest potential for wind energy, eight are in the African region. These are Somalia, Sudan, Libya, Mauritania, Egypt, Madagascar, Kenya and Chad...

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Mauritania’s solar capacity promising, says Masdar

Masdar has plans to build a 15-megawatt solar power project in Nouakchott, the capital city of Western African country Mauritania. According to Masdar, the proposed project, along with renewable energy projects in Tonga and Afghanistan, is part of a slew of efforts in recognition of the United Nations’ “Year of Sustainable Energy for All,” a worldwide initiative for universal access to modern energy services...

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Peru’s first large scale wind farms rising in 2013

The first large-scale wind farms in Peru will become commercially operational by the fourth quarter of 2013. ContourGlobal, a New York-based international power generation company, announced that their subsidiary ContourGlobal Latam S.A. has acquired the planned Cupisnique and Talara wind farms from Energia Eolica S.A. The two wind farms will be Peru’s largest wind installations and the largest wind...

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U.K. to boost renewable energy in Tanzania

Nineteen British companies are set to boost Tanzania’s renewable energy sector, particularly solar, wind and geothermal power that all have vast energy prospects to match the African country’s energy demands. Using its International Climate Fund, the United Kingdom will provide £3 billion ($4.83 billion) to spur private investments instead of relying on aid to finance low-carbon generation in Africa,...

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Tokelau to become world’s first solar-powered nation

The Tokelau group of islands in the South Pacific is gearing up to become the world’s first wholly solar-powered nation. According to a 3News.co.nz report, over 4,000 solar panels across the New Zealand territory’s three atolls – Fakaofo, Nukunonu and Atafu – will supply electricity to the atolls’ more than 1,400 people and prevent 12,000 tons of carbon emissions over its life span.

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