Financial services
EIB and Haizea sign €35 million green loan boosting European wind energy sector component manufacturing
The European Investment Bank (EIB) and Haizea Wind Group, a Spanish company specialising in the manufacture of components for the wind energy sector, have signed a €35 million green loan. The loan will enable Haizea to implement advanced manufacturing technologies, automate and digitalise processes and move forward with research and development applied to the manufacture […]
Berkeley Energy to fund €130m for sub-Saharan Africa renewables
For Berkeley Energy’s latest Africa renewable energy fund, seven development finance institutions have committed €130m at sum. According to Berkeley Energy, Africa Renewable Energy Fund II (AREF II) fund’s investor base includes CDP, CDC, FMO, Proparco, Swedfund, Sustainable Energy Fund for Africa and the Clean Technology Fund, part of the Climate Investment Funds. AREF II […]
Finance for Renewables in Developing Countries Is on the Rise
Global finance to developing countries in support of clean and renewable energy reached USD 21.3 billion in 2017. This almost doubles the level from 2010 when international financial flows were at USD 10 billion, according to latest figures of a new indicator under the Sustainable Development Goal 7 (SDG). The new indicator, jointly monitored by […]
EBRD launches mobile app promoting green technologies
The EBRD is launching a new mobile app, Tech Selector, which will change how the Bank delivers climate finance to meet the needs of clients who are increasingly using mobile devices for commerce during and beyond the coronavirus pandemic. Technology and digitalisation continue transforming the way in which the financial sector is operating. Innovative applications of digital […]
“Yesterday, Today, Tomorrow” Point of View to M&As Profinstance Advisory & Training Incorporation
“I have never cared what something costs; I care what it’s worth,” says Ari Emanuel, co-CEO of William Morris Endeavor. M&A, which is one of the great aspects of the corporate finance world, is driven from creating more value as two separate companies together, compared to being on an individual stand. So to begin with, […]
Modelling in renewable energy projects as a tool for strategic decision making
The most critical financial services in the energy due diligence services is financial advisory and specially financial modelling, as causing a decrease in financing costs and optimizing the finance structure. Financial modelling plays a part in both investment decisions and evaluation. In project finance, financial model allows a project-specific calculation that demonstrates all cash flows […]
Reasons of Non-Bankability of Wind & Solar YEKA Projects in Turkey
Turkey has experienced a significant development in renewable energy installed capacity during the last decade. However, there has been no renewable energy capacity addition with the new auction scheme namely Renewable Energy Resource Areas (‘RERA’ or ‘YEKA’). Accessing financial sources is a key to successful development of new renewable energy capacities. Performing a comparative study […]
Global wind power capacity to grow by 60% over next 5 years
Global wind power capacity additions are expected to sit at an annual average of 71GW from 2019-2023 and 76GW from 2024-2028, according to new analysis from Wood Mackenzie Power & Renewables. As noted in the report, ‘Global Wind Power Market Outlook Update: Q2 2019′, Wood Mackenzie Power & Renewables has upgraded it’s global wind power outlook […]
New EBRD-backed wind farm gets rolling in Turkey
Bank is supporting Akfen Renewables with a combination of debt and equity. The first of four new wind farms in Turkey built by the renewable energy arm of the Turkish conglomerate Akfen Holding and financed by the EBRD has gone into operation. It will meet the electricity demand of 120,000 consumers annually. The EBRD is supporting Akfen […]
Battery Power’s Latest Plunge in Costs Threatens Coal, Gas
Two technologies that were immature and expensive only a few years ago but are now at the center of the unfolding low-carbon energy transition have seen spectacular gains in cost-competitiveness in the last year. The latest analysis by research company BloombergNEF (BNEF) shows that the benchmark levelized cost of electricity,[1] or LCOE, for lithium-ion batteries has […]
Demand/Supply – Renewable energy with guarantees of origin (GO)
Ever since 1999, energy users in Europe have demanded documentation of the origin of the electricity they use, which launched an exponential market development. 470 TWh of renewable energy with Guarantee of Origin were sold and consumed in 2017.
Over the last years, a global market for renewable energy certificates has started to develop and equal tracing mechanisms are available also outside Europe.
A first in Turkey: Zorlu Enerji signs a “Green Loan” agreement
Garanti Bank executed Turkey’s first Green Loan agreement with Zorlu Enerji by linking the margin of the loan to their ESG performance. Green Loan with total amount of USD 10 million is used for meeting the operational capital needs of Zorlu Enerji. During the loan life, Garanti Bank will promote and motivate the improvement of […]
