The International Energy Agency (IEA) estimates that global investment in renewable energy will reach $229 billion a year through 2030.
Blacklin Associates (BA) recognizes this opportunity and targets specific funding sources and their projects to match clients’ particular products and services. In some cases, good financing could mean the difference between exporting to a new market or continuing to sell to the same customer base.
Keeping You Informed Financing Facts:
For global solar companies looking at the U.S. market, GTM Research and the Solar Energy Industries Association® (SEIA®)’s report finds that U.S. solar achieved its second-best quarter in history in Q2 2012 having installed 742 megawatts of solar power, and the best quarter on record for the utility market segment. Utility installations hit 477 megawatts in the second quarter, with eight states posting utility installations of 10 megawatts or greater.
For U.S. solar companies hoping to export, investment in the solar industry continues to grow, despite continued economic pressure. Publishing its latest findings, Bloomberg New Energy Finance (BNEF) said that of the US$59.6 billion invested in the global clean energy sector in the second quarter (Q2) of 2012, solar accounted for $33.6 billion.
For clean energy opportunities in the U.S., on February 7th, 2013, the U.S. Departments of Energy and the Treasury announced the availability of $150 million in Advanced Energy Manufacturing Tax Credits for clean energy and energy efficiency manufacturing projects across the United States.
Since 1990, the Multilateral Investment Guarantee Agency (MIGA) has provided investment guarantees totaling over $2.5 billion for 73 green infrastructure projects worldwide.
The Global Environment Facility (GEF) provides new and additional grants and concessional funding to cover additional costs associated with transforming a project with national benefits into one with global environmental benefits. Today, it is the largest funder of projects to improve the global environment.
The African Development Bank (AFDB) has helped its regional member countries secure $25 million of projects that was funded with grant resources from GEF.
Let Blacklin Associates help guide your company to the next step as you grow your green business internationally.