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Masdar, based in the United Arab Emirates, has submitted the lowest bid for Uzbekistan’s proposed 200MW Sherabad photovoltaic (PV) solar independent power producer (IPP) project.

Only Masdar’s offer of $cents1.8045/kWh fell below $2 cents/kWh. The second-lowest tariff, $cents2.1621/kWh, was submitted by a consortium led by China’s Jinko Power and China Power Holding International. Acwa Power of Saudi Arabia submitted a tariff of $cents2.4825/kWh, while Total Eren and Total Solar of France submitted a tariff of $cents3.3940/kWh.

The expansion of funds and programs with a deliberate emphasis on boosting environmental and economic growth signaled a surprising and drastic change in global finance last year. Huge inflows of cash are seen in “eco funds” and other renewable funding projects, as well as a broader pattern of money, moving into ESG (environmental, social, and governance) investing.

This pattern, like all global financial phenomena, is the product of a complex web of interconnected causes. Industry experts, on the other hand, repeatedly refer to the pandemic as a cause for investors’ attitudes and decision-making processes to change in favor of ESG investing.

The most important thing is being overheard lately by the officials. It is about the…

The Asian Development Bank (ADB) is making a decisive shift to clean energy, according to its energy chief. Coal plants are becoming unviable investments, Yongping Zhai wrote in Viet Nam News, as renewable energy costs fall and the bank puts a carbon price in excess of $36 a tonne on lending decisions.