RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-01-15 12:25:00

IRENA, EBRD RENEWABLE AGREEMENT

IRENA, EBRD RENEWABLE AGREEMENT

IRENA - The International Renewable Energy Agency (IRENA) and the European Bank for Reconstruction and Development have signed a Memorandum of Understanding (MoU) allowing the two organisations to strengthen their relationship and accelerate efforts to rapidly increase the share of renewable power in EBRD countries of operation, helping minimise climate impact and use electricity more sustainably.

The partners agreed both to cooperate more closing on developing and delivering technical assistance to support the continued growth of renewable energy, and to develop a pipeline of bankable renewable energy projects that can be financed by the EBRD as well as other financing partners.

"We come together with our partners to harness our strengths and put them to work to deliver investments. It is this kind of action that we expect will make a difference," said EBRD Managing Director for Sustainable Infrastructure Nandita Parshad, who signed the deal for the regional development bank during the 10th IRENA Assembly in Masdar City, Abu Dhabi.

Director-General Francesco La Camera signed for IRENA. He said: "Renewables are the only readily available solution that will enable sustainable economic growth, close the energy and infrastructure gap and meet our climate and development ambitions at the same time. Today's strategic partnership unites IRENA's knowledge excellence on renewables with EBRD's global portfolio to promote renewable energy investment. Through cooperation with partners on the Climate Investment Platform CIP we have started working towards unlocking the much-needed financial resources for clean energy transition particularly in developing countries. By addressing the key risks and barriers that hinder the scale-up of renewable investment, we will accelerate the low-carbon energy transition and promote sustainable growth."

IRENA is the lead intergovernmental agency for the energy transformation. The mission of the 161-member agency is to support the energy transition to renewables through knowledge and innovation, providing a global voice for renewables, a network hub and a source of advice for countries. Founded in 2009, it is the first international organisation to focus exclusively on renewable energy, addressing needs in both industrialised and developing countries.

The EBRD is a pioneer in financing projects promoting renewable energy and combating climate change, and has become the largest renewable energy investor in its regions of Central and Eastern Europe, Central Asia and the Southern and Eastern Mediterranean. Through its Green Economy Transition (GET) approach, under which the EBRD is increasing green financing to 40 per cent of its annual business volume by 2020, the Bank is helping countries where it works build low carbon and resilient economies.

To date, the EBRD has signed €30 billion in green investments, financed over 1600 green projects and reduced over 100 million tonnes of carbon emissions each year. In 2019 alone, the Bank financed over 1.5GW of new renewable power, and aims to exceed that in 2020.

----- 

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.


Earlier:

RENEWABLE INVESTMENT $10 TLN
2020, January, 15, 12:30:00
RENEWABLE INVESTMENT $10 TLN
The share of renewables in global power should more than double by 2030 to advance the global energy transformation, achieve sustainable development goals and a pathway to climate safety, according to the International Renewable Energy Agency (IRENA)
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 13, 15:15:00
ADNOC SUSTAINABILITY GOALS 2030
The Abu Dhabi National Oil Company, ADNOC, announced a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship.
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 13, 15:05:00
GERMANY'S WIND POWER UP BY 21%
Offshore wind power operators in the German North Sea raised generation capacity by 20.9% percent to 6,436 megawatts (MW) last year, grid company TenneT GmbH said on Monday, close to a government target for 2020 of 6,500 MW.
NUCLEAR POWER: CLEAN RELIABLE
2020, January, 10, 11:17:00
NUCLEAR POWER: CLEAN & RELIABLE
Nuclear power provides 10% of global electricity, but to stem climate change the world is going to need far greater amounts of clean and reliable energy. To tackle climate change, 80% of all electricity will need to be low carbon by 2050.
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 6, 10:35:00
ASEAN RENEWABLE UP
Each of ASEAN’s 10 members have set targets for renewable energy, and technological innovations such as better solar power efficiency and floating solar panels means that renewable energy is now more accessible than ever before.
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 6, 10:32:00
UAE RENEWABLE ENERGY INVESTMENT AED 600 BLN
The UAE Energy Strategy 2050 aims to achieve an energy mix that combines renewable and clean energy sources to balance economic requirements and environmental goals. The UAE will invest AED 600 billion until 2050 to meet the growing energy demand and ensure the sustainable growth of economy.
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 6, 10:27:00
GERMANY'S RENEWABLE ENERGY: 46%
Germany's economy is aiming for renewables to provide 65% of its power mix by 2030.
All Publications »
Tags: IRENA, EBRD, RENEWABLE
Chronicle:
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 17, 11:22:00
SAIPEC EXIBITION, CONFERENCE 25-27 FEB 2020
WELCOME TO THE 4TH SUB SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE - OIL AND GAS AS AN ENABLER FOR ECONOMIC TRANSFORMATION IN SUB-SAHARAN AFRICA
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 17, 11:21:00
RUSSIA'S LNG INVESTMENT PROJECTS
Experts expect LNG production growth in Russia. By 2024, the projected export growth is up to 47,9 million tonnes. The latest news on encouraging LNG application in the country reveals that Russian shipping companies are switching to fuel with low sulphur and nitrogen content starting from 1 January 2020.
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 17, 11:20:00
JAPAN'S OIL STOCKS UP 28%
The crude stocks held by Saudi Arabia and Abu Dhabi were 1.41 million kiloliters, or 8.87 million barrels, at the end of November, equating to four days of Japanese oil consumption, up from 1.1 million kiloliters a month earlier, according to data released Wednesday by the Ministry of Economy, Trade and Industry.
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 17, 11:15:00
NETHERLAND'S GRONINGEN GAS DOWN
A production cap has been put in place to prevent earthquakes linked to gas extraction at Groningen and the Dutch government plans to phase out gas extraction at the field completely by mid-2022.
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 17, 11:10:00
LEVIATHAN'S GAS BEGINING
In its first development phase, Leviathan has a production capacity of 1.2 Bcf/d (34 million cu m/d).
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 17, 11:05:00
NOVATEK PRODUCTION +7.5%
In 2019, NOVATEK’s hydrocarbon production totaled 590.1 million barrels of oil equivalent (boe), including 74.70 billion cubic meters (bcm) of natural gas and 12,148 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 41.0 million boe, or by 7.5% as compared with the twelve months 2018.
IRENA, EBRD RENEWABLE AGREEMENT
2020, January, 17, 11:00:00
U.S. RENEWABLES UP
Solar and wind power use has grown at a rapid rate over the past decade or so, but as of 2018 those sources accounted for less than 4% of all the energy used in the U.S.
All Publications »