Encouraging PV performance in the country’s first Clean Energy Auction prompts GTM to revise its forecast; analysts now expect Mexico to add 646 MW of PV in 2016. Mexico’s large-scale solar sector could be transformed this year, forming the bulk of the estimated 646 MW of new PV capacity. Solar PV’s dominance of Mexico’s inaugural Clean Energy Auction – in
Bank of America has formed a new partnership within its Catalytic Finance Initiative (CFI) that aims to direct $8 billion to “high-impact sustainable investments”. Partners joining the initiative include investment manager AllianceBernstein; Babson Capital Management (a subsidiary of insurance company MassMutual); Credit Agricole; the European Investment Bank; HSBC; the International Finance Corporation; and Mirova (a subsidiary of French bank Natixis).
$2.5TRN OF GLOBAL FINANCIAL ASSETS AT RISK FROM CLIMATE CHANGE $2.5 trillion of global financial assets are at risk from the effects of climate change, according to a report. The report, produced by the London School of Economics and Political Science (LSE), the Grantham Research Institute and Vivid Economics, looks at the value at risk (VaR) associated with financial assets
Mexico’s solar and wind sectors have experienced triple-digit growth rates over the last 10 years, outpacing the growth of renewable power generation in most developed countries. Will that explosive growth continue? The abundance of diverse renewable energy resources, growing demand for power, macroeconomic stability, and historically high electricity prices continue to position Mexico as one of the most attractive