Category Archives: Asia

Expanding Matchmaking Platform for Sustainable Energy Financing

IRENA’s Sustainable Energy Marketplace expands to global coverage

Driven by investments in developed and emerging economies, the last decade has seen global investments in sustainable energy increase more than five-fold. Emerging and developing country markets still have enormous growth potential, but to tap into those opportunities, project owners and investors in the fields of renewable energy and energy efficiency need a simple way to connect — enter the Sustainable Energy Marketplace.

A virtual platform developed by IRENA, the Marketplace highlights promising low-carbon energy projects in developing countries and helps developers, financiers and service and technology providers connect to bring projects to fruition.

To capitalise on the Marketplace’s successful first two-years of operation in Africa, Latin America and the Caribbean, and upon requests from IRENA Members, IRENA is now expanding the Marketplace platform to cover all developing and emerging markets — including Asia, Southeast Europe and Small Island Developing States (SIDS).

A single integrated platform

The expanded Marketplace unveils new user functionality and an upgraded interface that improves the user experience and facilitates interaction between the different stakeholders to advance projects. Users registered on the platform can now view all available projects, financing instruments, and services and technologies from all regions through a single integrated portal.

The Marketplace features regional hubs where users can access relevant information relevant to investment in a specific region, including basic data and updates; country-level information on policies and regulations, projects and financing instruments; and the latest news, events, calls for proposals, reports. The Marketplace also provides access to IRENA project facilitation tools and tools and information developed by partners.

More than a marketplace

New features in the Marketplace allow stakeholders to join efforts in the development of renewable energy projects by sharing project pipelines, encouraging joint financing, sharing information and relying on the active support of the platform to the project developers.

Through the platform, IRENA conducts project assessments — providing a better understanding on the needs of projects. This is then the basis for matchmaking, link projects and financing institutions, as well as other relevant stakeholders depending on the specific needs of a project.

To access the online platform, market players — including project owners, financiers and service/technology providers — are required to create a profile. In addition, project owners and investors must add at least one project or instrument, respectively, to complete the registration process. Approved users can:

  • Efficiently search for information of interest. Filtering, for example, by the specific criteria of investors, financing source or advisor, or according to a project’s needs.
  • Easily find more information about relevant entities, projects, or financing instruments, with the ability to contact them.
  • Communicate directly with IRENA on specific needs and interests.
  • Access project development tools and data on markets, regulations and incentives.

Visit IRENA’s Sustainable Energy Marketplace to learn more about the platform and to register.

IRENA and State Grid Corporation of China Team-Up to Expand Regional Renewable Capacities

Technical experts from SGCC to support IRENA’s activities in Africa, Central America and Southeast Asia

A new agreement signed today between IRENA and the State Grid Corporation of China (SGCC) at the UN Climate Change Conference (COP23) in Bonn, Germany will see technical expertise from the world’s largest utility support the Agency work on integrating more renewables into grid systems.

Efforts undertaken by the state-owned enterprise over the past decade have sought to improve its ability to accommodate higher shares of variable renewable energy sources, and this partnership will enable IRENA to leverage the established knowledge of the SGCC for the benefit of developing countries.

China is the world leader in installed renewable energy capacity, having in 2016 added almost half of all new solar capacity worldwide, and also the largest provider of renewable energy jobs, with the latest figures showing 3.64 million people are working in the Chinese renewables sector. The country’s knowledge in grid integration can be useful for other countries undertaking ambitious plans to scale-up the share of renewables in the power mix, particularly in Africa, Central America and South East Asia.

Under the agreement, technical experts from SGCC will be seconded to IRENA for one year. The experts will work closely with IRENA’s programmatic teams, particularly on IRENA’s Clean Energy Corridor initiatives in Africa, Central America and Southeast Asia, and capacity building activities related to integrating renewables into electricity systems.

The agreement follows a memorandum of understanding (MOU) signed between the organisationsin June to increase the integration of high shares of wind and solar, grid integration, interconnection and smart grids. The MOU also strengthens cooperation related to IRENA’s Clean Energy Corridor initiatives.

Solar-Based Solutions Improving Livelihoods in Rural Areas

Organisations around the world are teaming up to help rural communities gain access to basic energy needs through renewables

In Majhuee, a village nestled in central Nepal, Raj Mani Chaudhary and his wife depend on fish and vegetable farming for their income. The couple used to spend NPR 2500 (USD 24) per month to operate and maintain a diesel pump for their farm, but as their pump got older, so did the cost and frequency of its repairs. Slowly this was becoming unsustainable and something had to change.

Change meant turning to solar power. Continue reading Solar-Based Solutions Improving Livelihoods in Rural Areas

Central Asia Aims for Sustainability

Countries pledge to further boost renewables through regional collaboration with IRENA

Central Asian countries have committed to scaling up renewable energy deployment and to further collaborate with IRENA to meet their targets under the Paris Agreement. Building on a meeting held in April in Abu Dhabi, a newly released Communiqué from the five Central Asian countries highlights ongoing efforts across the region to create more conducive policy, regulatory, institutional and financing frameworks for renewable energy investments. Continue reading Central Asia Aims for Sustainability

An Ancient Route Renewed

China’s Belt and Road Initiative revives history for modern trade, development and renewable energy across Asia

Stretching thousands of kilometres, across mountains and deserts, the Silk Road holds a special place in history. Traversed by Marco Polo and named after one of its most precious goods, the trade route facilitated an exchange of ideas, technology, and animals between East and West, Asia, Europe and Africa. Though its relevance waned with the opening of sea routes between Asia and Europe, the rebirth of China’s economic power and ambitions over the last decade has rejuvenated the once dormant route.

No longer a winding caravan trail, China’s new Belt and Road Initiative aims to interconnect and bring development, stability, and resource security across 60 countries. At the centre of powering this economic ambition is renewable energy. Continue reading An Ancient Route Renewed

Spurring Renewable Energy Deployment in Central Asia

Abu Dhabi workshop gathers Central Asia regional stakeholders to explore strategies for seizing its vast renewable energy potential

Covering an area of over 4 million square kilometers and sitting at the crossroads of East, South, and West Asia, the countries of Central Asia have for millennia been at the centre of the exchange of ideas, people, and technology. And today, the region’s countries are sharing and collaborating to accelerate the deployment of renewable energy.
Continue reading Spurring Renewable Energy Deployment in Central Asia