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.
Read MoreThe 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 [...]
Read MoreSolar 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 [...]
Read MoreIt’s important not to get too cocky about the health of the renewables industry worldwide. Figures released by the Clean Energy Pipeline organisation this week showed that global clean energy investment enjoyed double digit (14%) growth last year over 2015. But before you pop open the low carbon champers and celebrate another bumper year, the figures are a little misleading. For a start, many of the projects included in the figures have been raising money for years, which means the fact they came to fruition in 2015 makes the numbers look better than they really are. It’s not a sudden flow [...]
Read MoreJanuary is traditionally a time when we think about fresh starts and making the coming year better than the old one. It’s the time when diet books, quit-smoking services and recruitment companies are at their busiest. And this year, in the renewables sector, it’s also time for a positive change. 2015 saw investment decline in the UK as the last few subsidies and tax breaks ended for a lot of solar and wind (and of course, global emissions kept rising), but 2016 will be different. The outlook is more positive than its been in years. This is because the last-minute COP21 Paris [...]
Read More[View the story "Day 2 highlights - COP 21 " on Storify]
Read More[View the story "COP21 - Day One Coverage" on Storify]
Read MoreWe're not ones to say "We told you so..." at 350, but we're delighted to hear that the COP 21 Climate Change summit has already established that carbon trading from emissions reductions is firmly back at the heart of the global climate change agenda. Regular readers of this blog will know that re-energising the carbon market is the most practical way to address global emissions increases. And more to the point, it's also the fairest way to affect greener, clean development in the developing world. On the opening session in Paris (COP21), Germany, Norway, Sweden and Switzerland announced an [...]
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