Having last month utility-scale solar in Sweden, Finnish investor Korkia is eyeing up a portfolio of renewables investments that stretches from Canada to Romania via partnerships with local developers capable of embracing the Lego-like replicability and scalability of solar PV. PV Tech Premium speaks to Mikko Kantero, executive vice president of renewable energy at Korkia, to find out more.
BlackRock has secured more than US$250 million for a finance vehicle that will invest in renewables and energy storage projects in countries across Asia, Latin America and Africa.
Green energy investments in developing countries will need to reach US$1 trillion within the next nine years for the world to reach net zero emissions by 2050, according to the International Energy Agency (IEA).
Generating capacity from solar projects in developing economies reached 325GW in 2019, with China and India the biggest emerging markets for clean energy investment, according to new findings from BloombergNEF.
Rising demand for green projects in investor portfolios is "broadening the geographic base" of the solar market, with 36 nations set to install more than 1GW of solar by 2029.
Saudi Arabian developer ACWA Power has set its sights on an accelerated growth trajectory after China’s Silk Road Fund completed the purchase of a minority stake in the firm’s renewables arm.
Solar to continue rapid rise over this decade but lack of foresight with grid planning could mix with ultra-low prices and waste management troubles to set obstacles in the short and long term.
