China announces $ 174 bil. in clean energy by 2020

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According to the Bem Paraná Portal, “the most populous country in the world and also the largest emitter of greenhouse gases, China is investing heavily in energy infrastructure for the production of renewable energy. noticia_483104_img1_eolica1According to the agency, hydropower and wind power generation are expected to concentrate most of the investment, with short-term targets set for measures to be in place by 2020 “In addition to the environmental impact of replacing fossil fuels with renewable sources, the policy should also generate 300,000 direct and indirect jobs only with respect to wind energy.”

Read the article on the Bem Paraná Portal here.

To learn more about the case of the change in the energy matrix, we recommend reading the article by Ming et al. (2014). In the article published in Renewable and Sustainable Energy Reviews (Elsevier) entitled “Review of renewable energy investment and financing in China: Status, mode, issues and countermeasures”


1-s2-0-s1364032113007752-gr1With the support of national policies, China’s renewable energy generation industry has experienced a rapid development period and entered the world forefront level, especially in the aspects of installed capacity and speed of newly installed capacity. However, with the rapid development of renewable energy, the power generation industry is facing more and more challenges, particularly in investment and financing. For wind power industry, there are also some problems such as single financing channels, blindness of investment projects and so on, which will result in financing difficulties for some advanced projects. In addition, the problems of photovoltaic (PV) power generation lead to vicious competition and to tumble in international market, thus the overcapacity of China’s entire PV industry emerges. Generally speaking, the renewable energy industry is facing a seemingly contradictory prediction of funding deficiencies and blind investment, which is derived from the government-centered renewable energy investment and financing. This government-centered mode has promoted the development of renewable energy industry in the early stage, but it can not be adapted to the requirements of sustainable development. In view of these, the problems of renewable energy investment and financing are thoroughly studied in this paper.

This paper proceeds as follows: Firstly, the overview of the development of China’s renewable energy industry is briefly introduced. Secondly, the status quo of China’s renewable energy investment and financing is explored in detail based on the following five perspectives: investment situation; Investment and financing bodies; Investment and financing means; Sources of funding and financing channels.1-s2-0-s1364032113007752-gr21Secondly, the patterns and characteristics of renewable energy financing are summarized and a comparative analysis of wind power and photovoltaic power generation is carried out. Finally, renewable energy investment and financing issues are discussed and further feasible proposals are put forward. In all, this paper is of great significance in the sustainable and healthy development of China’s renewable energy.


Bahia to have the largest solar power plant in Latin America

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The city of Tabocas do Brejo Velho, Bahia, will host the largest solar power plant in Latin America.

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The project began to be implemented in December 2015, and it is estimated that it will be able to produce 500 GWh per year.

The solar park is scheduled to come on line by mid-2017. This is one of Enel Green Power’s largest solar power plants, which will help supply the country’s steady demand for electricity – which, according to estimates, will increase An average rate of 4% per year by 2020.

The CEO of the company responsible for the project, Michael Scandellari, said the project is a great opportunity because Brazil has a market with “very significant” growth prospects in the medium and long term. “Starting our business with the construction of the largest photovoltaic plant in the country is an achievement that fills us with pride and demonstrates the importance that Brazil will have for us,” he said.

Solar Power in Brazil


The increase in energy consumption that Brazil is facing in recent years is not being accompanied by the growth in energy generation from sources traditionally present in the country, including the hydroelectric plant, and therefore requires a diversification in the energy matrix.

The solution to this problem is represented by photovoltaic plants, which among all sources of renewable energy are those that have the least impact on the environment, and distributed generation has great economic advantages.

Source: Red Portal. Access the original material by clicking here