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2017 has been an eventful year for Cuba. Two major hurdles took place that would potentially jeopardize clean energy investment on the island. The first is Donald Trump’s reversal of Barack Obama’s historic diplomatic and commercial opening to the island. This will cut tourist revenues and scant foreign reserves further. The second is the aftermath of Hurricane Irma, which destroyed northern island and many resorts.
If there’s any doubt Tesla Inc. isn’t just a car company anymore, its brand-new Manhattan showroom should put it to bed. On Friday, Tesla opens a store in New York’s Meatpacking District that, for the first time, will sell cars, solar panels and batteries permanently under one roof.
It has been a long, long, long road for the global photovoltaic industry and its participants from its early days with few manufacturers and support primarily limited to oil companies looking for a feel-good business unit to what seemed like its overnight success in the mid-2000s. In 1977 the industry had 1.74 MWp of capacity to produce PV cells. At the end of 2017 the industry had 98 GWp of capacity to manufacture PV cells.
As Puerto Rico sets out to rebuild its electric system knocked out by Hurricane Maria in September, can it become a model for renewable energy? Scores of government agencies, think tanks and energy experts are mulling that question, as much of the U.S. Caribbean territory still lacks electricity.
Latin American wind has grown swiftly in recent years to almost 20 GW by August 2017, with 80 percent of installed capacity in Brazil and Mexico.
UrbanVolt, the Dublin-headquartered energy-saving LED lighting firm whose backers include rugby star Jamie Heaslip, has announced a new solar solution. The company, which last year signed a €30 million funding deal with Swiss green energy private equity group Susi Partners, has become internationally known for its "light as a service" offering where it installs energy-efficient lighting for businesses free of charge, with an agreement to split the energy savings between both parties over a five year period.
The World Bank Group (WBG) yesterday during the One Planet Summit in Paris said that, as of 2019, it will no longer finance exploration for and production of oil and gas.
Israel-based Ecoppia yesterday said that it has raised $13 million, led by investors Swarth Group, GlenRock Israel, Gandyr Group, and Harel Group Insurance and Finance.
Brazil’s biggest wind company has set its sights on dominating the country’s nascent solar market. CPFL Energias Renovaveis SA has 1 MW of solar power in operation now, a pilot project in Sao Paulo State, but has plans to build another 450 MW.
Two California energy storage providers say they are deploying networks of systems in Japan to help the country use more renewable energy. Stem Inc., a California firm that provides energy storage solutions, said it’s deploying a network of systems with Mitsui & Co. Ltd., marking its first foray into Asian markets.