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Renewable Energy Finance Initiative Launched in Bahrain (Int'l.)
Bahrain Commercial Facilities Company
Date: 2019-07-29
In Manama, the Bahrain Commercial Facilities Company (BCFC) is reporting the launch of the Sustainable Energy Finance Initiative (The Sun) aimed at encouraging the use of clean, renewable energy for comprehensive development and at reaching the country's goal of 5 pct renewable energy by 2025 -- 250 MW in 2025 increasing to 10 pct in 2035.

The new financial scheme is based on the "Tenant-to-Owned" system, which provides an opportunity for the business sector to benefit directly and effectively from the installation of solar power systems in return for a monthly rent, which is determined by the amount of electricity generated and each buildings space available for solar panel installations. (Source: BCFC, TradeArabia News Service, 27 July, 2019) Contact: BCFC, Dr Adel Hubail, CEO, www.bahrainbourse.com/bahrain-commercial-facilities-company--bsc

More Low-Carbon Energy News Solar,  Renewable Energy,  


ACORE Aims at $1 trillion in US Renewables Investment (Ind. Report)
American Council on Renewable Energy
Date: 2018-06-25
The not-for-profit American Council on Renewable Energy (ACORE) is touting a new campaign aimed at spurring $1 trillion in new US private sector investment by 2030 for the renewable energy sector and enabling grid technologies.

ACORE is a US business group made up of companies that finance, develop, manufacture, and use all forms of renewable energy. Its aim is to accelerate the investment and deployment of renewable power in the US. The $1T 2030 campaign will be managed by the Partnership for Renewable Energy Finance (PREF), a senior-level ACORE member program for educational renewable energy finance resources.

ACORE's plan to spur $1 trillion in renewables investment is based on: a long-term federal policy commitment providing support for carbon-free electricity generation; federal, state and regional policies to promote modernization of the nation's electrical grid; continued expansion of state renewable portfolio standards to support increasing deployment of renewable electricity; and reforms to facilitate siting and permitting processes for renewables and transmission and allow for accelerated renewable energy growth.

The $1T 2030 campaign hinges upon the findings of ACORE's The Future of U.S. Renewable Energy Investment: A Survey of Leading Financial Institutions report. The report, which is based on a survey of banking institutions, asset managers, private equity firms, and other financial firms, identifies several key findings that point to the fact that, "with sustained demand, US renewable energy will continue to be an attractive asset class with strong potential for investment growth." (Source: ACORE, June, 2018) Contact: ACORE, Gregory Wetstone, CEO, www.acore.org

More Low-Carbon Energy News American Council on Renewable Energy,  ,  Renewable Energy,  

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