Renewable Energy: Opportunities to Invest? – Industry Outlook – NASDAQ.com
Over the past three years, Itau’s wholesale and investment banking unit, Itau BBA, was involved in the structuring and financing of 42 renewable energy projects. Soaring demand for credit in this segment is expected as Brazil’s most populous region grapples with the worst drought in 80 years. Blackouts are affecting dozens of cities because of weak power generation and record air conditioning usage as temperatures soar in Brazil’s Southeast. The government, which is even buying power from Argentina to ease the shortfall, is worried utilities will be forced to burn more fossil fuels, which will in turn drive energy costs and greenhouse gas emissions higher. “The deal has a clear focus of bringing energy efficiency to the forefront, as more of our clients are increasingly conscious of the importance of using their resources in the best way possible,” said Carolina Camargo, head of international financial institutions at Itau BBA. The Sao Paulo-based lender borrowed $100 million from the IFC, as the World Bank’s unit is known, for five years at an interest of 1.40 percentage point above the benchmark Libor interbank rate, Camargo said. For years, Itau has strengthened ties with multilateral lenders such as the IFC and export credit agencies for loans that often offer better conditions than market-based alternatives.
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Do low gas prices hurt renewable energy adoption? Not really. – CSMonitor.com
stipulating installation of renewable sources of electricity generation as mandated by Renewable Energy Standards (“RES”). As of now there are 29 states, the District of Columbia and two territories that have RES legislation in place. Another eight states and two territories also have goals for adopting renewable energy standards. At the federal level, investment tax credit (“ITC”) is currently at 30%, which will remain in effect through Dec 31, 2016.
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NV Energy Seeks Proposals for Additional 100 Megawatts of Renewable Energy – Yahoo Finance
According to the International Energy Agency, diesel and other petroleum fuels constitute just 5 percent of global power generation today–compared to 25 percent in 1973. So they aren’t necessarily competing for the same market share–unless you include generating electricity used to charge the fairly small number of plug-in cars currently on U.S. roads. Second, since cost is based on technology rather than the availability of an actual commodity, renewable energy is also considered more stable over the long term. The cost of electricity generated from renewable sources is tied to the efficiency and availability of technology like solar cells and wind turbines.
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Bidders in the original 2014 RFP will be provided an opportunity to refresh their original proposals. To provide additional detail about the combined evaluation process for the 2014 and 2015 RFPs, and to answer questions from potential bidders, NV Energy is holding a Bidders Conference Webinar at 9:30 a.m. (PPT) on Tuesday, Feb. 3. The last day bids can be revised or submitted is Feb.16, 2015, and the company anticipates finalizing a shortlist for each of the 2014 and 2015 RFPs by April 16, 2015. Merrimack Energy Group will continue to serve as the independent evaluator for the RFPs, and PowerAdvocate will provide the response platform and related technology for the RFP process. NV Energy requests that all parties interested in becoming a bidder for the 2015 RFP should complete and submit a Bidder’s Registration and Contact Information Form that can be found on the company’s website NV Energy Renewable Energy Request For Proposals . Additional information and the process required to register for the Bidder’s Conference Webinar are available on the company’s website.
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