Bill Goldie (Solar 350’s Head of Project Development) and Axel Schmid (Head of Project Origination) have now returned from California Baja to London and Santiago respectively. Their brief was to return with contracted “Greenfield Development Projects” in The Californian Baja of Mexico. Certain factors make this area very attractive for Solar. These are as follows: High Levels of Solar Irradiation – 2465 KWh / M2 – circa 3 times Bournemouth / 5 times Glasgow. Low intermittency – sunshine is relatively constant, so very little cloud, which means solar electricity can contribute effectively to the region’s baseload requirements. High Electricity Prices – due to lack of [...]
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Bill and Melinda Gates released their annual letter this week. In it, the two discussed the two super powers they wished they had: More energy More time The following excerpt from Bill's letter explains their justification: More energy! When we sat down to write this year’s letter, those answers stuck with us. Sure, everyone wants more time and energy. But they mean one thing in rich countries and something else entirely when looked at through the eyes of the world’s poorest families. Poverty is not just about a lack of money. It’s about the absence of the resources the poor need to realize their potential. Two [...]
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The Thompson Reuters Carbon Market Survey 2015 has now been released. Read the results here on the 350PPM site: Read the Thompson Reuters Carbon Market Survey 2015
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The design of the new treaty is built around something called the “INDC”. This stands for Intended Nationally Determined Contribution and is the level of emission reductions that specific country will commit to over the 1st period of the new treaty from 2020 to 2030. An INDC is normally expressed as an emission reduction schedule from the start of the commitment period (2020) or a emission reduction schedule after “Peak Emissions” are reached. Yes some countries allow for emission increases before they reach peak emissions and start reducing. If you are interested to view countries submitted INDC’s you can find them here. The scientists [...]
Read MoreThe Indian government will push to achieve renewable energy installation targets two years in advance, as it looks to enact more aggressive policies to promote development of renewable energy infrastructure. India has set a target to have 100 GW solar power, 60 GW wind energy, 10 GW small hydro power, and 5 GW biomass-based power projects operational by March 2022., but Minister of Power, Coal, and New & Renewable Energy Piyush Goyal recently stated that the Indian Government will try to achieve this target of 175 GW renewable energy capacity by 2020 instead of the set timeline of 2022. The Central Government [...]
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The rules for the electricity market published on Tuesday establish longer PPAs for projects awarded in auctions. The first energy tender is expected this year. The electricity market starts to operate at the beginning of next year. The final rules of the Mexican electricity market published on Tuesday in the Mexican official government journal establish longer PPAs for projects and a specific supply category for clean energy projects awarded in future national energy auctions. Long-term PPAs will last 15 years and clean energy certificates obligations will have a duration of 20 years. Earlier this year the government proposed PPAs of only up [...]
Read MorePlease find detailed below feedback from Carbon 350 and Solar 350 Investors from our Winter Survey. Click here to view the Winter survey results Please note, neither company is connected to 350 PPM Ltd directly. The information is provided for informational purposes only.
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The USA’s largest conference and expo for Energy, Utility and Environment (EUEC 2016) kicked off last week, marking one of the first major climate change and energy related events since COP21 in Paris. High on the agenda was GHG mitigation through the use of renewable energy, and the related environmental and utility regulation. The context of this is the heavy reliance on the private sector involvement and the mechanisms by which investments in renewable energy and power infrastructure will actually take place. One of our directors and a senior partner at the Danish consulting and engineering experts Grue + Hornstrup A/S, [...]
Read More350 has hired Tim Hyett as Managing Director in order to increase the scale and scope of fundraising within the group to capitalise on the additional opportunities presented by successful negotiations of the new Paris Agreement at COP 21 in December. Nick Dimmock, Managing Director of Solar 350 comments; this announcement is slightly belated as Tim joined us in late November of last year in anticipation of a successful outcome of COP 21. He has been contributing significantly to the success of the business. Tim’s role is to attract additional EIS and Institutional investment to 350 companies, to gain FCA regulation [...]
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Solar 350 has green lighted the creation of the Mexican SPV (special purpose vehicle) called Solar 350 Baja Cali 1. This is the legal entity is due to hold the development assets of the first of the Mexican Solar projects. Specifically, this is a 60 Mw Project located towards the top of Baja California in Mexico. The plant will service the energy needs of the rapidly developing Baja region and the rapidly increasing industrial base located around the border town of Tijuana. Many of you will know of Tijuana from its reputation as a party town, but the rapid economic development [...]
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