Energy Matters

Monday, February 22, 2016

By SIte Selection Magazine

The International Finance Corporation (IFC), part of the World Bank Group, is supporting the government of the Indian state of Madhya Pradesh to implement a 750MW "ultra-mega" solar power plant near Rewa. It will be the largest single-site solar power project in the world, as the state government has made available 1,300 hectares (3,212 acres) of land. India is IFC's largest exposure, to the tune of more than $5 billion in committed projects as of June 30, 2015.

Apple in October launched two new programs to aid its manufacturing partners in China in reducing their carbon footprints. "Apple will partner with suppliers in China to install more than 2 gigawatts of new clean energy in the coming years," the company stated. As part of the program, Foxconn will construct 400 megawatts of solar, starting in Henan Province, by 2018. "Foxconn has committed to generate as much clean energy as its Zhengzhou factory consumes in final production of iPhone," Apple stated.

Apple also announced that 40 megawatts worth of solar projects in Sichuan Province had been completed. The company plans to build more than 200 megawatts of solar projects in the northern, eastern and southern grid regions of China.

The New Year is a good time to check out the OECD's "Taxing Energy Use 2015" report, published last summer. It provides "a systematic analysis of the structure and level of energy taxes in OECD and selected other countries; together, they cover 80 percent of global energy use."

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Category: Site Selection Magazine, News

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