This week we go from Brussels to Kuala Lumpur, London to Panama City, Riyadh to Santa Clara for events to help you fast track the move to low carbon energy systems.
The Malaysian Government is implementing a Feed-In Tariff (FiT) system to enable Renewable Energy to reach a target of 985 MW by 2015 and 2,080 MW by 2020. However, the launch date for the implementation of the FiT has now been revised to Dec 1 instead of Sept 1, 2011.
“The rationale for the revised schedule in the implementation of the FiT is because the Renewable Energy Act 2011 requires seven subsidiary legislations for it to be enforced and to enable the FiT system to be implemented smoothly,” said Datuk Seri Peter Chin Fah Kui, Minister of Energy, Green Technology and Water, “The ministry has had to revise the launch date to avoid any glitches in its implementation as the subsidiary legislations are complex and technical in nature.”
For more information on developments in the region, attend Renewable Energy World Asia, which is taking place from 27-29 Sept, in Kuala Lumpur, Malaysia.
The Eastern Caribbean comes to Europe
The Eastern Caribbean States are Small Island Developing States, environmentally vulnerable due to their unique and fragile ecosystems. The results are limited economies of scale, intensified and frequent natural disasters with their attendant disproportionately high socio-economic and environmental costs. Moreover, while their contribution to green house gas emissions is negligible, the impacts of climate change are projected to be quite devastating.
Governments across the region have endorsed strategies aimed at supporting both public and private investments in green technology and energy efficiency with a view to growing their economies while adapting to the challenges of climate change. The Mission of the Eastern Caribbean States is organising a Green Growth Investment Forum in Brussels, Belgium, on 6-7 October.
Solar power in the home of oil
The Saudi Arabian Government plans to spend USD $100 billion renewing its electricity generation to meet increased demand and curb its dependence on crude. A major part will be development of renewable energies – likely to focus on solar power.
The Solar Arabia Summit, 23-24, at the King Saud University in Riyadh will offer attending solar energy companies the opportunity to showcase their technology and expertise to potential investors and prospective project holders in the Kingdom. N.B. Due to time constraints for processing visas for Saudi Arabia, the deadline for non-GCC (The Cooperation Council for the Arab States of the Gulf) companies to confirm attendance is September 30th 2011.
Climate Finance for low-carbon growth
The UN claims to have made “solid progress” in the design of its Green Climate Fund (GCF) which is intended to channel hundreds of billions of dollars to developing countries to help combat climate change.
A meeting of the fund’s Transitional Committee in Geneva last week delivered “advances on the nuts and bolts of how the Green Climate Fund will function” including “a broad agreement on the importance of private sector engagement”. The role of the private sector in delivering the $100 billion/year by 2020 promised to poorer countries has been a key source of tension between developing and industrialised countries. Developing countries, by and large, expect money to come from government coffers – while most industrialised countries expect the private sector to stump up much of the cash.
A source at the meeting said that while the European and US committee members were “very explicit” in stressing the importance of leveraging private sector investment, “developing countries weren’t opposing it”.
The GCF and other innovative approaches to funding low-carbon growth will be discussed in detail at Climate Finance 2011 in London, UK, on 15 & 16 November.
Deal or No Deal?
What’s the outlook for wind, solar, energy efficiency and smart grid deals? At Green Energy M&A Outlook for 2012 on 15-16 November, Santa Clara, USA, you can consider green M&A market trends and drivers, expectations on valuations and pricing, opportunities in cross-border M&A and trends in financing and structuring M&A deals.
Small Hydro in Latin America
Latin America has vast hydro power potential, with small hydro being at the top of the energy agenda for its environmental and social credentials. In 2010, 57% of electricity in Latin America and the Caribbean stemmed from hydro sources while another 40% came from Thermo-electric power plants using fossil fuels and natural gas.This demand across Latin America and the Caribbean is expected to increase by 75% by 2030, prompting the region to enhance its installed generating capacity by 50% over the next 10 years.
International and development banks have already committed funds with thefinancing more than $2.1bn in renewable energy projects in the region since 2000.
To find out more about ongoing projects and developments in the region and learn how you can be part of this renewable phenomenon, register to the Small Hydro Latin America conference taking place on 5-6 December 2011 in Panama City, Panama. The event will allow you to network with local companies to build lasting relationships in Latin America.
More on events in two weeks.