On the Blogs: Emerging Economies Lead Renewable Investment Surge

first_imgOn the Blogs: Emerging Economies Lead Renewable Investment Surge FacebookTwitterLinkedInEmailPrint分享Tim Smedley for Raconteur.net:The biggest renewable investors included Chile ($3.5 billion, up 157 per cent) South Africa ($4.5 billion, up 329 per cent) and Morocco ($2 billion, up from almost zero in 2014). India saw investments rise 22 per cent to $10.2 billion while China, now the world’s biggest investor in renewable technology, spent $102.9 billion on renewables (36 percent of the world total).If you consider investments relative to annual GDP, the top five investors globally were actually Mauritania, Honduras, Uruguay, Morocco and Jamaica. Meanwhile, Costa Rica is remarkably close to becoming the first developing country to have 100 per cent renewable electricity.“Wind and solar power are now being adopted in many developing countries as a natural and substantial part of the generation mix,” says Michael Liebreich, chairman of the advisory board at BNEF. “They can be produced more cheaply than often high wholesale power prices; they reduce a country’s exposure to expected future fossil fuel prices and, above all, they can be built very quickly.”While Europe is looking to more expensive offshore wind options to appease not-in-my-back-yard voters, many developing countries are happy with cheaper on-shore and solar options. This in turn means the companies selling those technologies are increasingly looking towards emerging markets. Total renewable investment in Europe actually slipped 21 per cent to $48.8 billion in 2015 and today’s growth market is in the global south.Kirsty Hamilton, an expert in renewable energy investment at Chatham House, outlines the mix of factors at play, including cost-reductions, strong government policies and investors actively looking for opportunities. The big European projects, such as Germany’s Energiewende, may have driven the growth in renewable energy technology, says Ms Hamilton, but recent political flip-flopping has seen investors “head to the least risky countries”.India’s prime minister Narendra Modi launched a global solar alliance at the Paris climate conference in December, with his own country aiming to increase solar installations from just below 5GW to 100GW by 2022. To put that into perspective, the UK’s entire nuclear capacity is currently 10GW. This would be more than double the present solar capacity of current global leader China.The project might sound far-fetched, but it is already underway. SB Energy, a joint Japanese-Taiwanese venture, recently won a bid for a 350MW project in India’s Andhra Pradesh province. The Institute for Energy Economics and Financial Analysis describes India as “executing one of the most radical energy sector transformations ever undertaken.”Full item: Developing countries lead in clean energylast_img read more

Land for sale at new Gold Coast beachfront estate

first_imgRoads and residential blocks are starting to take shape at Paradise Waters’ new estate, Sovereign Shores.ROADS and residential lots are starting to take shape at Paradise Point’s new Sovereign Shores estate.Metacap Developments is behind the 58 block estate, which overlooks Sovereign Islands.Ray White Sovereign Islands principal Ali Mian, who is marketing the estate, said 14 of the 35 vacant lots in stage 1 had already sold.“Once stage 1 is sold out, then stage 2 will take place,” Mr Mian said.“Stage 2 will be another 23 lots.”He said the estate was expected to be finished by the end of July, subject to weather conditions.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe new estate will overlook Sovereign Islands. Picture Mike Batterham“The construction has commenced, the whole land sale division is taking place,” Mr Mian said.“It’s a very exciting time (because) this land has been sitting there for such a long time.”The lots range in size from 425sq m to 728sq m with prices starting from $589,000 up to more than $1 million.Mr Mian said it was attracting local and interstate buyers, including those from Brisbane, Melbourne and Sydney.He said buyers could build up to three dwellings per lot and as high as three levels plus a rooftop entertainment area.“This estate is beautiful,” Mr Mian said.“You are right next to the beach.”Residents will be able to access the established resort-style facilities of Salacia Waters, including the residents’ club with library and meeting room, 12-seat cinema room, gym, sauna, two pools and a spa, three barbecue areas and a function room with entertainment deck. Mr Mian said 22 marina berths were also up for grabs.last_img read more

Vandenburgh, U.S. 160-81 road construction nears completion; Lincoln, Cherry, 3rd Street Bridge getting started

first_imgby Tracy McCue, Sumner Newscow — There will be less and less orange traffic cones in Wellington as three major road construction projects within the city limits are nearing completion. But three other road projects are about to begin.The road projects at Vandenburgh, U.S. 160-81 directly south of Vandenburgh, and the widening of U.S. 160 north of the Wellington High School are tentatively to be completed by mid-November. The U.S. 160-81 section from 11th Street to 14th Street  – the Subway Sandwich Shop area – could be reopened by next Monday!But while these three projects are wrapping up, three others are about to begin. Lincoln Street from Woodlawn to the Compost Site is about to begin its 150-days of construction. There are also new road construction project at Cherry Street – a road north of Countryside Motors – and the Third Street Bridge which is north of the railroad tracks.Here is a latest update on the road projects in Wellington:Vandenburgh Wellington City Manager Gus Collins is anticipating that the reconstruction of Vandenburgh, a diagonal road linking the U.S. 160-81 Pizza Hut Intersection to the North side of A Street near the Industrial Park,  could be completed by mid-November – weather permitting. Traffic will be allowed on the road by the first week of November.•All pavement has been installed up to the northernmost AFM driveway – approximately 3,000 square yards remain.•Construction crews of Pavers Inc. and the city of Wellington are currently constructing curb and valley guttering for storm water runoff.•Valley gutters, driveway approaches and clean-up will allow traffic on the roadway with temporary pavement markings by the first week of November.U.S. 160 from Day to Boundary Street•The asphalt base has been paved to support the widening of the road.•Cornejo Construction is currently finishing the concrete approaches to the high school and the businesses in the construction zone.•Cornejo has started excavating for the sidewalk that will stretch from Woodlawn Ave. to Boundary Road.•The mill and overlay is beginning on existing roadway. All major construction items will be completed by the end of October.•Pavement markings and seeding will extend into November.G Street from 11th to 14th Street•Construction Crews have poured the new curbs and driveway approaches.•Set baskets, rebar/wire and forms for roadway were completed on Oct. 10.•The concrete for the entire stretch of Phase II should be poured and shaped last Friday.•One week cure for new concrete is scheduled to end this Friday.Lincoln Street paving and drainage improvements•The project will stretch from Woodlawn Ave. to Arthur — by the Wellington compost site — and Lincoln Street north to Harvey.•The project will take approximately 150 days over a five month period.•Lincoln will be closed to traffic to be detoured from Boundary Road along Burlington North Santa Fe property, west to 4th Street and 4th Street to Fair Street and back to Lincoln.•Utility relocations will be required in construction. The start date will be determined in upcoming reconstruction meeting. 3rd Street Bridge•Bid letting begins on Oct. 16, 2013 where the city would remove the existing bridge and replace it with a box culvert bridge.•Eight-inch water main, electric utility pole, AT&T infrastructure and Kansas Gas Service distribution pipeline are to be relocated in the area.•The start date and construction details will be pending after the acceptance of winning bid and pre-construction meeting.Cherry Street projectDetails of this project will be featured in a separate story once we get information available on the project. Close Forgot password? Please put in your email: Send me my password! 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Thank you for your input. +3 Vote up Vote down Nonya · 356 weeks ago all of these was so overdue and they are looking great so far Report Reply 0 replies · active 356 weeks ago +1 Vote up Vote down notlla · 356 weeks ago How about some of that ,South of railroad tracks. We pay taxes to. Report Reply 0 replies · active 356 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more