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bd-pratidin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bd-pratidin.com Daily Mail and Mail on Sunday newspapers.

Solar Energy Transformation Fund gets oversubscribed at final close

SunFunder has fully closed its oversubscribed $70m Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia. The SET Fund has received investments from OeEB, Swedfund, Bank of America, Mercy Investment Services, The Schmidt Family Foundation and several individual investors, including from the Toniic impact investor network. They followed $42.5m first close investors - the US Development Finance Corporation (DFC), Calvert Impact Capital, Ceniarth and the IKEA Foundation. DFC is also a risk tool partner of the SET Fund, alongside Sida and MFX Solutions. SunFunder’s financing to expand access to clean, reliable energy to those living beyond the grid is having life-changing impacts for families across Africa. Not only does it create environmental and health benefits, but families are able to redirect energy savings to food, education and health care,” said Sarah Smith, director of Mercy Partnershi

Fighting in Ethiopia threatens US security interests

For the past four months, council members sidelined discussions on Ethiopia, relegating them to the informal “any other business” (AOB) agenda items. The government of Ethiopia has benefitted from this bureaucratic work-around because there is no public record of AOB topics, forestalling concrete action. The United States and the African Council members Kenya, Niger and Tunisia should insist on adding Ethiopia to the agenda. If the African governments stand firm, security council consensus can be forged and the international community finally will be able to tackle this crisis.  Second, international condemnation goes only so far. It won’t change behavior, and the combatants will continue to rip the country apart short of real consequences. The international community has to increase the costs to Ethiopia, Eritrea and the Tigrayan People’s Liberation Front (TPLF) for continuing the killing. The recent reports released by Amnesty and the Ethiopia Human Rights Commissio

Continuing to Support Energy Innovation, US Department of Commerce Provides Advocacy for Delta Offshore Energy Project

Continuing to Support Energy Innovation, US Department of Commerce Provides Advocacy for Delta Offshore Energy Project Houston, TX, March 03, 2021 (PR.com) Houston-based Delta Offshore Energy (DOE) announced today that the US Department of Commerce will continue to provide official commercial advocacy for their Vietnam Bac Lieu project. DOE is the lead company and owner of a $3 billion project to develop a revolutionary LNG-to-Power (LNG2P) plant in southern Vietnam, to be built in the Mekong Delta province of Bac Lieu. In the first 100-percent privately funded and owned major project in Vietnam, Delta Offshore Energy will oversee the engineering and construction of the entire facility, which includes a 3.2-GW gas-fueled power generation plant, a floating LNG receiving terminal, a floating regasification plant, a 22-mile pipeline and all associated infrastructure on and offshore. Strategic partners in the project include Bechtel, GE Power and McDermott International.

U S Lawmakers Call On Biden To Fulfill Trump Administration Promise To Invest In Eastern European Energy Infrastructure

share Print WASHINGTON A bipartisan group of lawmakers has asked the Biden administration to move ahead with a U.S. pledge made under the previous administration to invest $300 million in energy infrastructure projects in Central and Eastern Europe as Congress seeks to counter Russian and Chinese influence in the region. The Trump administration in 2020 agreed to contribute up to $1 billion to the Three Seas Initiative Infrastructure Fund through the U.S. Development Finance Corporation (DFC), which in December approved an initial investment of $300 million. However, amid a bumpy presidential transition, the money has yet to be transferred. The fund was set up by 12 nations in Central and Eastern Europe, which lie between the Baltic, Adriatic, and Black seas and are members of the European Union, to address historical infrastructure gaps that have left the region heavily dependent on Russia for energy imports. Congress last year passed a resolution announcing its support for th

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