José Manuel Entrecanales, chairman and CEO of ACCIONA, stated today that "it is worrying that the US, Europe, and other advanced economies only installed 20% of the world’s new renewable energy capacity in 2023," when their share of the global GDP exceeds 50%. According to José Manuel Entrecanales, this imbalance is due to the fact that "the main element for attraction of capital, which is key to developing #renewableenergy, is not working as well as it should. We tend to forget that the overwhelming element that moves private capital is the risk-reward equation. This needs to be enhanced to match the excellent performance of China in this industry." #IRENA14A
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LATAM...the silent giant. Latin America is rapidly emerging as a critical player in the global economy, particularly in the fields of renewable energy, sustainability, and technology, despite often being considered part of the "developing world." Countries like Brazil, Chile, and Argentina are leading the charge in renewable energy, harnessing abundant natural resources to power growth. Brazil, for instance, generates over 90% of its electricity from renewable sources, mainly hydropower and solar energy, while Chile has made significant strides in solar energy and green hydrogen production according to the World Economic Forum and data from RSM Global. In addition to their energy advances, these countries are also home to some of the world's largest lithium reserves, crucial for the production of electric vehicle batteries. Argentina and Chile, in particular, are becoming key players in this sector, setting the stage for future economic growth driven by the global transition to green energy. Moreover, the technological innovation seen in sectors like agriculture and fintech is positioning countries like Brazil and Mexico as silent giants. These nations are attracting significant foreign investments through reforms that promote renewable energy, nearshoring, and digital transformation. These advancements demonstrate that Latin America, often underestimated, is becoming a key player in the global shift toward sustainability and technological innovation. Are you doing business in LATAM? Let's talk! #latam #businessgrowth #internationalbusinesses #greenenergy #renewableenergy #businessdevelopment #latinoamerica #negocios
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The #UK and Chilean governments have recently unveiled a partnership aimed at boosting financing for green #hydrogen projects. The collaboration is set to drive significant investment into Chile's burgeoning renewable energy sector. This marks a critical step in the global transition to sustainable energy sources, positioning both nations as key players in the clean energy revolution. Green hydrogen is set to play a key role in achieving this goal and the Chilean government has already committed $50m towards the development of its #green hydrogen sector, and the newly signed agreement with the UK is expected to provide an additional boost. Click here to read more.... #renewableenergy #climatechange #sustainablefuture #decarbonisation #netzero #iea #irena #chile #investment #LatAm
UK and Chile join forces to unlock £5bn for green hydrogen projects
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Recent client discussions continue to highlight the region's evolving focus on renewable energy. The 8th #ASEAN #EnergyOutlook2024 offers valuable insights into the energy landscape, presenting opportunities and challenges for international investors and banks. Interesting to see new technologies for Southeast Asia emerging in our discussions (including offshore wind and green hydrogen) Key Macroeconomic Trends: - Rising Energy Demand: Southeast Asia's energy demand is set to rise significantly due to urbanization and economic growth, emphasizing the need for investments in energy infrastructure and innovative solutions. - Energy Security Concerns: Geopolitical tensions underscore the importance of energy resilience and sustainability, driving countries to prioritize energy diversification and local resource development. - Decarbonization Efforts: The region is progressing towards decarbonization with ambitious renewable energy targets and policies, offering opportunities for investors in supporting low-carbon projects. - Investment in Clean Technologies: Clean and emerging technologies like solar, wind, hydrogen, and carbon capture present lucrative investment prospects, contributing to the region's energy transition. - Policy and Regulatory Frameworks: Effective policies and regulatory environments are essential for attracting energy investments, with governments in Southeast Asia working on creating favorable conditions for investors. Stay tuned for more high level insights on specific key markets in the following days. The report holds in-depth information that warrants further conversation. Are governments succeeding in creating conducive investment environments? #hogenlovells #EnergyTransition #SustainableInvestment #ASEANEnergy #RenewableEnergy #ProjectFinance #CleanEnergy #EnergySecurity #InvestmentOpportunities #Philippines #Indonesia #Vietnam #Malaysia #greenhydrogen
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🔋 Cambridge Institute for Sustainability Leadership (CISL) Africa’s latest policy brief, “Africa’s Gas Road to Nowhere: South Africa’s Policy Debate on Using Gas to Accelerate the Energy Transition,” cautions that scaling back on renewables in favour of gas threatens the country’s long-term sustainability goals. Simon Baloyi, CEO of Sasol, in a recent conversation with Business Day highlighted the need for South Africa to seriously consider hydrogen as an energy source. He said that "there's space for hydrogen" and underscored the importance of leveraging both grey and green hydrogen to catalyse the country’s energy market. 💵 Simon also noted that while the current hydrogen price is a barrier, it is expected to decrease as the market evolves, with South Africa well-positioned to lead the hydrogen revolution. With the potential to drive the hydrogen economy, not just domestically but across the African energy market, how can South Africa accelerate the adoption of this and other renewable energy sources to build a robust ecosystem that supports its energy transition? 💬 Join the conversation. 📚 Read the brief here https://lnkd.in/g7UaWGSZ #HydrogenEconomy #EnergyTransition #SouthAfrica #RenewableEnergy #SustainableFuture #Innovation
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Following the first panel where we explored the role of government in setting up the foundations for sustainable financing, we have continued in the same tone. Next panel Powering Forward: Government’s Key Role in Renewable Energy Transition, organised in collaboration with the EBRD focused on the critical role governments have in the renewable energy transition. Our esteemed panellists Daniel Lancha, Partner at Alcazar Energy Partners, Matteo Colangeli, Director and Regional Head of Western Balkans at EBRD, Jovana (Tovarović) Joksimović, Assistant Minister for EU integration & International Cooperation, Min. of Mining & Energy of Serbia Saša Mujović, Minister of Energy and Mining of Montenegro and Maja Turkovic, Executive Vice President, CWP Europe, part of CWP Global, with the help of moderator Duško Krsmanović, Head of the Western Balkans and Central and Eastern Europe, UK Export Finance explored this crucial topic for the regional sustainable development. The panellists discussed how governmental support can speed up the adoption of renewable energy technologies across Adria and key strategies to integrate renewables into national energy systems. Further, they highlighted the role of international partnership like the EBRD in supporting sustainable energy projects for solar, wind, and hydroelectric power. Some key conclusions: 👉Reaching net-zero by 2050 requires a complete shift from fossil fuels and investment in clean, affordable, accessible and renewable energy sources. 👉Private sector will be the driver of investments for much of the energy transition. 👉Governments need to find a collaboration model with the private sector to promote investments in renewables. 👉Governments should invest in infrastructure for renewables and regulatory frameworks to enable green technology proliferation. #ESG #ESGAdria #ESGAdria2024 #RenewableEnergy
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ICYMI: During the fifth European Energy Investment Forum in Uruguay, Commissioner Simson emphasized the cooperation between the EU and Uruguay in developing green hydrogen and advancing the #energytransition. L’article Commissioner Simson highlights the importance of green hydrogen in the energy transition between the EU and Uruguay est apparu en premier sur energynews.
Commissioner Simson highlights the importance of green hydrogen in the energy transition between the EU and Uruguay
https://energynews.pro/en/
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🙌 Stephanie Liaw and our energy team have been working on a model to investigate energy security and future renewable #energy opportunities for #Singapore and wider ASEAN. 🔗 It is critical we invest in getting this right, understand the levers in the models to and the potential impacts. The #energytransition requires all of us
Essential studies into energy security and future renewable energy opportunities for Singapore and wider ASEAN
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**𝗘𝘂𝗿𝗼𝗽𝗲'𝘀 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗶𝗻 𝗪𝗶𝗻𝗱 𝗧𝘂𝗿𝗯𝗶𝗻𝗲 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴: 𝗔 𝗕𝗲𝗮𝗰𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻** 🌍Europe has emerged as a leader in wind turbine manufacturing, with three European-based production facilities occupying the top three positions globally. This marks one of the few area (the only one??) in Renewable Energy technology where 𝗘𝘂𝗿𝗼𝗽𝗲 𝗶𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗼𝘃𝗲𝗿 𝗖𝗵𝗶𝗻𝗮, which otherwise dominates most of these sectors. >> 𝗕𝘂𝘁 𝗘𝘂𝗿𝗼𝗽𝗲 𝗺𝗮𝘆 𝗹𝗼𝘀𝗲 𝗶𝘁𝘀 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽, as it happened in other industrial fields, if it does not address its challenges: *𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀: European manufacturers face financial pressures and need to boost their competitiveness against cost-effective Chinese manufacturers. *𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗶𝗻 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: Massive investments are required in infrastructure, including ports, grids, and skilled labor, to support the ambitious targets set by the EU. *𝗣𝗼𝗹𝗶𝗰𝘆 𝗮𝗻𝗱 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗦𝘂𝗽𝗽𝗼𝗿𝘁: Simplifying permitting processes and ensuring stable, supportive policies will be crucial to maintaining momentum in the sector. >> 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗯𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 have a pivotal role in supporting this industry: Think about the European Investment Bank's €5 billion plan to support wind energy manufacturers. A lot more capital and guarantees are needed to undertake large-scale projects. There is a clear 𝗖𝗮𝗹𝗹 𝘁𝗼 𝗔𝗰𝘁𝗶𝗼𝗻 𝗼𝗻 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗯𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗯𝗮𝗻𝗸𝗲𝗿𝘀 to make the energy transition happen. And joining forces in large, diversified syndicates is one of the ways to go. Let's work together to harness the wind 🌬️ and power a sustainable future. #windenergy #renewables #energytransition #corporatebanking #greentransition #energiewende #investmentbanking
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Australia's Budget Boosts Renewable Energy Collaboration with Southeast Asia 🌿💡 In a move towards renewable energy leadership, Australia's budget prioritises investments in hydrogen production, solar energy, and battery technology. This paves the way for exciting collaborations with Southeast Asian nations to boost green technology development and adoption. Highlights include: - $27.7M to integrate consumer energy resources into the grid - $1.7B Future Made in Australia Innovation Fund - $6.7B Hydrogen Production Tax Incentive - $1.5B for manufacturing clean energy technologies, including Solar Sunshot & Battery Breakthrough Initiative These strategic investments aim to drive innovation, cut emissions, and position Australia as a renewable energy frontrunner, benefiting both the nation and the broader Southeast Asian region. Explore the Asian market with CSLB Asia for success in this vibrant landscape. Contact us now! 🌏🚀 https://lnkd.in/gubpudUw #CSLBAsia #businessowner #business #entrepreneurs #doingbusinessinasia #businesssupport #businessadvice #success #businessgrowth #southeastasia #Australia
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