Tuesday, 24 January 2017

ACHIEVING GREATNESS THROUGH DREAM REVELATIONS




THE TURNING POINT 


Although I have dreamt all my life, it was not until September 2016 that I resolved to give better attention to my dreams and use the lessons of every one of them to guide any step I take, including planning and execution. That is what I consider, “the greatest turning point in my life”.
That was perhaps the worse period of my life. I lost my son during labour on the 14th of that Month. It was the worst experience in my life. I cried and wailed openly, thinking my world was over. That child meant the whole world to me. He was conceived on our wedding night which was also the major encounter I would have with my wife. We had planned to celebrate big and to have him (Akachukwu was the name I gave him while in the womb) as reference to the age of our marriage. As a mark of honour for my “Isaac” I took two Months off work to nurse him to delivery and even canceled my oversea trip (I won a fellowship as the only from West Africa to travel to Hawaii, Honolulu, in the US) because it fell on the period of his birth. All that sacrifice and honour for a son abruptly came to a naught, when baby Akachi came out in state of comma, unable to open his eyes to see his parents and dozens of relatives who keenly awaited his arrival as the triumphant entry of a great king. Sad enough, the doctor and all other medical officers on duty claimed it was a strange situation, as there was no tangible reason they could lay their hands as potent enough to snap life out of the baby.
My son was such a “handsome creature” to behold-hefty of about 5kg weight, stout, ebony hairy skin and well-built face with a pointed nose. I couldn’t imagine losing such a precious gift, and I asked God, why. I cried like never before and the ceaseless thinking diminished my skinny flesh, reducing me to a “walking-skeleton”.
However, after some days and weeks have passed, I tried to draw strength from floods of advice from sympathizers, to pick the pieces of my bones together and move on. The summary of all the consolations from people was that, “baby Akachi had paid the noble price with his life to save his siblings coming after him”. I held that so tightly and assured myself “never again”. But it turned out that I was day dreaming as the greater plague was waiting for me and my innocent wife. That was revealed in what I call, “the turning point revelation dream”.
 THE TURNING POINT REVELATION DREAM
In that dream, I found myself in what appeared like an ancient village. Located in the middle of a forest, the village had very few obsolete mud houses with thatch roofs. The houses were separated by grasses. At the centre of the village, was a very tall palm tree and a mighty snake twisted itself around the plant but stretching its head to look over the village. Suddenly few villagers surrounded the palm tree in worship to the snake. I stood nearby crying profusely. Then a man who appears to the spokesperson of the deity came to me and telling me, “Have you not cried so much? See, since the child died, you have not stopped crying. There is no need for you to cry because it is based on agreement which your wife is aware of. The agreement is that, in alternating manner, your children would be sacrificed to god. For instance, while the first child belongs to you, the second comes to the deity, the third yours, fourth to the deity, and so forth. You see you are crying in vain”.
Those things he said made me uneasy. So I turned to my wife to know if what the man said was true. My wife nodded that the man was right. The man then left me. I cried even louder, asking my wife why she failed to reveal any of those things to me even before our marriage. I was still crying, and then I woke.
Panicking and panting like one pursued by a lion, I also woke my wife to tell her the latest dream. She was too so terrified. Then I told her, “no! Never again would I bury my child. We are going to devout all to worship God since we can’t be going to native doctors”. That same day in the evening, we went to Saint Mathew’s Catholic Parish, Amukoko to attend programme by the Catholic Charismatic Renewable group in the parish. We planned to at least meet a brother or sister to tell our problems. We were however disappointed when they told us we had to wait till Saturday during their programme known as “Faith Clinic” in the morning.
But on the D-day, before 7 am, we were already at the program venue. It was a power packed programme for mostly people in trouble. It was a day to remember. The preacher brother Linus spoke with so great a power and I told my wife, “Here lays our solution”. After the programme, my wife and I accosted the man of God to share our worries and for his counsel. When I had narrated our plight and the dreams to him, he was marveled and said, “This is more than ordinary dream. It’s a revelation that God gave you because he loves you and want to save your family from the attacks of enemies and ancestral curse”.
The brother paused to meditate and after which told us that he needed to pray over it because he was seeing a strong negative powers attacking us. I looked at my wife. Her face looked much depressed. But to me, it was a good day. At least the journey for my total freedom had begun. We left the church, while expecting a call from bro Linus and the next step for us.
Within the next week, he eventually called me. He said, “I am directing you to another brother called Cajetan in Saint Kizito Catholic Parish, Alaba. He is strong man in the Lord and can handle a case as big as yours”. We agreed to go to the parish with my wife on Thursday when the Charismatic group there usually holds its version of “faith clinic”.
On Thursday, we went as agreed and it was a superlative experience. Brother Cajetan that day preached the gospel as I have never heard. He preached as if in a trance, telling the story of my life as if I have held a press conference with him to inform him all about me. “Some parents are very careless. …………
Hearing all those words, I began the weeping again. I realized I had been spiritually careless not to have taken the right actions to save my son and marriage. For instance, i recalled that as soon as my wife took in, I dreamt where a crowd of people from a certain community (not mentioned for a reason) came to my community, saying the ball they were playing with went into my house and they had come to collect it. I had also dreamt of seeing my son in the middle of an expressway with fast moving cars. He was crying on top of his voice and shouting daddy! Again, I dreamt making fruitless efforts to rescue my son from a pit he was thrown into. On the other side of the pit where my son was, I saw people who were long dead. A few weeks to his death, I saw men in my village digging grave near my house. They started with a standard grave and latter resized it for a new baby and there I saw the man I had planned to name the baby after crying bitterly.  So say the least, God in dreams gave me countless revelations about attacks on my marriage and child, which I dismissed with some shallow prayers. After all people usually say, “once you wake from a terrible dream, pray to cancel it”. I did exactly those cancelling after every dream. But i was so disconnected from the realm of the spirit that I didn’t know that some cases require serious prayers and spiritual warfare that are better handled by people with greater grace in our Lord Jesus Christ.
Those costly mistakes, brother Cajetan underlined in his sermon which touched me to the bone marrow. In all of that, I was grateful to God that I was able to recognize the great spiritual gift that the Almighty God has given me to guide my steps and help me in planning as I sojourn in this wicked world.
Since that encounter, I have closely monitored my dreams to great advantage. There is nothing that happens in my life that I do not know about, because I would have received the revelation in dream. All the traveling including those outside the country, failed contracts, opportunities and events I have embarked upon in recent times were foretold and I prepared for accordingly based on dream revelation.
 You too can discover your dream gift, but to do that, you certainly must do a lot of things differently.

*Continues

Friday, 20 January 2017

WAIPEC unveils agenda ahead of next month conference in Lagos, Nigeria



The organisers of WAIPEC 2017 have unveiled an overview of their organization’s three day conference and exhibition billed for next month (21-23rd February) at the Eko Convention Centre, Lagos, Nigeria.
   
West African International Petroleum Exhibition and Conference,(WAIPEC) was  launched to address the needs of companies seeking to showcase their innovative solutions and new technologies, and to support the development of major new business and partnerships to benefit West Africa’s petroleum economy.

This year’s convention is to be hosted by the Petroleum Technology Association of Nigeria (PETAN), a leading organization that represents oilfield services and technology companies operating across upstream through to downstream projects.

Speaking on the at a programme , the organizers of this year’s conference said , discussions would focus on how West Africa’s oil and gas sector can remain competitive in a tough global market, the role of technology as a transformer in the sector and setting out a realistic road map for valued-added local content and financing models in the region’s energy industry.

“The international exhibition is integrated with a first-class conference programme which has been specifically developed to provide real value and insight for all delegates. Through a series of plenary and industry panel sessions and topical presentations, delegates will discuss, debate and explore innovative best practices, technological developments and alternative business and financing models relevant to Nigeria and West Africa's upstream, midstream and downstream oil and gas sectors”.

According to Chairman of PETAN, Bank Anthony Okoroafar “Under the lead of our steering committee, which represents a cross section of key stakeholders from the Nigerian oil and gas industry, WAIPEC’s programme has effectively been created by the industry for the industry.”

“Sessions are designed to illustrate solutions successfully implemented in the sector to boost levels of production during an uncertain industry environment and share policy, technical and financial models for achieving national aspirations in better domestic utilization of oil and gas.”

With 200 participating companies showcasing projects, the latest technologies and expertise; the oil and gas sector has embraced this important event.

As Sally Ikladious, Commercial Manager for WAIPEC explains; ‘there are commercial opportunities throughout Nigeria and West Africa and as the oil price recovers, Nigerian companies and Nigerian expertise will be at the forefront of the industry recovery. Hosting the event in Lagos makes sense as the commercial hub and ease of access for the majority of the industry.’

.

Thursday, 19 January 2017

Senegalese troops lead offensive to send Jammeh packing

Senegalese troops have entered The Gambia to ensure Adama Barrow assumes power as the country's new president, a Senegalese army spokesman has said.

It comes shortly after Mr Barrow took the oath of office at The Gambia's embassy in the capital of Senegal.

He has been recognised internationally. But strongman Yahya Jammeh has refused to quit and is backed by parliament.

West African leaders have threatened to remove Mr Jammeh by force. The UN has backed their support for Mr Barrow.

The 15-member Security Council stressed on Thursday that this should be pursued "by political means first".

*Adama Barrow's inauguration: Question Gambians are asking
*Some Gambians angry that Barrow's inauguration was held abroad

Senegalese army spokesman Col Abdou Ndiaye was quoted by news agencies as saying the country's troops entered The Gambia on Thursday afternoon.

Troops advancing to forcefully remove Jammeh
Nigeria said earlier in the day that its "armed reconnaissance air force are over Gambia", AFP reports.

"They have the capacity to strike," Nigerian Air Force spokesman Ayodele Famuyiwa told the news agency.

After the swearing in ceremony, Adama Barrow ordered Gambian soldiers to remain in their barracks.

West African military forces have made it clear they are ready to enforce a transfer of power in the country, a popular beach destination among European holidaymakers.

Mr Barrow took oath at the Gambian embassy in Dakar.

In his inauguration speech, he ordered all members of The Gambia's armed forces to remain in their barracks.

"Those found illegally holding arms will be considered rebels," he warned.

Western ambassadors to Senegal, the UN envoy for West Africa and officials from the regional bloc Ecowas (Economic Community of West African States) attended the ceremony, while hundreds of Gambian expatriates gathered outside the compound.

Meanwhile, Mr Jammeh's term in office has been extended for three months by a two-thirds majority in parliament. Some experts say he still has a legitimate claim to be called the country's president.
Gambian Information Minister Sidie Njie told the BBC on Thursday that Mr Jammeh would not leave his office.

BREAKING: Police raid PREMIUM TIMES head office; arrest publisher, journalist

The Nigeria police have raided PREMIUM TIMES head office in Abuja, and arrested the newspaper’s publisher.

The publisher, Dapo Olorunyomi, was arrested alongside the paper’s judiciary correspondent, Evelyn Okakwu.

Plain-clothed officers conducted search at the office shortly after 5p.m. Thursday, and said they were acting on a complaint filed by the Chief of Army Staff, Tukur Buratai.

The arrests came days after PREMIUM TIMES turned down the army’s demand to retract news stories about the Nigerian Army and its operations.

The paper’s Editor-in-Chief, Musikilu Mojeed, condemned the raid.

“They should stop deluding themselves that they can muzzle the press and intimidate PREMIUM TIMES,” said Mr. Mojeed. “They should know that our loyalty lies with our readers and the Nigerian people who have a right to know.”

He said the paper will continue “to discharge its responsibilities in line with global best practices, social responsibility and patriotism, even at great risk to our personal liberties”.


*** From Premium Times

Abdulsalami, Sultan, Kukah storm Southern Kaduna for peace

Former military head of state, General Abubakar Abdulsalami (rtd); the Sultan of Sokoto, Alhaji  Muhammadu  Sa’ad Abubakar III; the Catholic Bishop of Sokoto Diocese, Dr.Matthew Hassan Kukah; and other members of the National Peace Committee  yesterday launched a fresh initiative  to restore peace to Southern Kaduna.

Abdulsalami
Hundreds of lives have been lost in repeated attacks on villages in the area by people suspected to be Fulani herdsmen, heightening   tension in the state.

The delegation met with Governor Nasir El-Rufai on the issue.

General Abdulsalami told reporters at the end of the meeting with the governor that peace could only return, if the people were ready to dialogue and forgive one another.

“Within the week, we are going to meet with other stakeholders, religious leaders,  chiefs in the area and also visit the sites where these problems are and discuss with the people,” he said.
“We will later sit  down and see what we think should be done.

“Then, we come back to the governor and if necessary to the federal government.

“These clashes and killings are not limited to Kaduna State; it is something that is engulfing the country. So we want to make sure that peace reigns in Nigeria, to make sure that people know that we are together. We have to live in peace with each other and we have what it is to give and take.

“We are reaching a situation in the country where human life doesn’t mean anything to people and this is wrong.

“There is no religion on earth or anywhere that preaches violence. So this is why we are here today.

“Everybody is aggrieved in one way or the other, so what we beg of people is to be patient; try as much as possible  to forgive and to be each other’s keeper. We must live together; we must find solutions to the problems; we must sit down and talk to ourselves because there is no problem that cannot be solved when you are talking to each other.”

 Bishop Kukah also said: “I think the visit  is more of a solidarity with the people of Kaduna State. We are here to hear for ourselves what exactly is happening and what we can do in  the hope that we can find a way forward based on the situation.

“We are part of the delegation. I convened the peace committee and what we are doing now is trying to bring about peace.  We are looking at how we can achieve peace and stability.

“I think what the people of Kaduna State, including the government, should be doing now is to look into how we can achieve peace and development and I think that is the reason we have democracy.
“So whatever contributions anybody can make, we need to make them. People have expressed their minds.

“What is going on now is a very sad phase in our history, but I believe that we can get over it and we will get over it and come out stronger and committed to peace”, he said.

Adama Barrow's inauguration: Question Gambians are asking

Adama Barrow
The masses of the Gambia are shouting down heavens with jubilation over the successful inauguration of their President Elect, Adama Barrow, even-though the exercise took place outside the country, in Dakar, the capital of Senegal.

But due to the atmosphere of fear in their country, the people are celebrating mainly on social media platforms, especially Facebook.

Bah Amadou, a journalist wrote, " There is jubilation everywhere. Congratulations His Excellency President Adama Barrow, President of the Third Republic of the Gambia. Just finished his official swearing-in and administration of oaths of Office in Dakar now".

" From now on President Barrow is the legally and international recognised President of the Republic of the Gambia. He is the President of the Republic Gambia from now on and will soon be in Gambian soil to rule the Country".

However many of the people said they need clarification on how Barrow will be leading their country following refusal of Yaya Jammeh to relinquish power.


Aisha Ottun Raheem, asked "Will he be ruling from Senegal now Bah Amadou? Please explain to some of us here".

Sophiyah Ceesay, "Am also asking the same Question,Is he ruling the Senegalese or the Gambian?"

In the vein, a Gambian sympathizer, Deborah Eneojo Samuel , asked "So Gambia have two Presidents now, one at home and  one in Diaspora?"

Meanwhile, it is reported that in some Gambian cities, the masses who could not hold back their ecstasy actually stormed the streets to celebrate the swearing-in of Barrow.

See some pictures:




Some Gambians angry that Barrow's inauguration was held abroad

Many citizens of the Gambia are aggrieved that the inauguration their President Elect, Adama Barrow, was taken to the country's closest neighbour, Senegal.

President Adama Barrow arrives for Swearing in CEREMONY at Gambian embassy in Dakar
Gambians , especially youths  who have been keenly following the tensed political developments in their country, flooded the social media to express their grievance.

Sainey Marenah, based in Senegal's Capital, Dakar, after sit-tight president, Yahaya Jammeh made the country uncomfortable for him, wrote on his Facebook wall; "I don't like the idea of our president being sworn in a foreign land. This is total unacceptable and an insult to our sovereignty. If Barrow cannot to be sworn in Banjul is better to cancel the inauguration until the situation normalise".

Many others who commented on his post also expressed regret that the inauguration was not conducted on their home soil.

One of them Ibou Dogo Thiam, said "Why  should he be sworn in somewhere else than Gambia?Yaya Jammeh went too far". 

On the other hand, some others said holding the inauguration abroad should be commended, given the bad political atmosphere in Gambia, adding that the country's embassy anywhere in the World is its home.

Alieubadara Jabbi writes ,"Brother  but this not about your likeness or hate but it is all about constitutions and legality of the law. In this kind of conditions what do you expect from Gambians? If he did not sworn-in then he will not have executive power to run the affairs of the country. What do you think now?"

From Ras Mako , "Its alright. Let Him be and it can be remembered. All because of donkey babali man sah!!".

To Diarre Drame, "Sometimes you do whatever works. And besides he is being sworn-in on Gambian land, Gambian embassy being in Senegal or anywhere else is Gambian soil. So let's not get ekky about that and focus on the bigger picture".

Meanwhile , Sainey who is on ground at Dakar to give live broadcast of the event, reported that, "Adama Barrow sworn in as third PRESIDENT of The Gambia by Gambia Bar Association President, Sheriff Marie Tambadou".

Rice farmers urged to embrace Benue borrowers’ scheme

Benue farmers have been urged to key into the Federal Government funded Anchor Borrowers Programme in order to close the deficit gap in rice production in the country.

Rice farm
This call was made on Tuesday, January 17, 2017 in Makurdi, Benue State during the International Fund for Agricultural Development-Value Chain Development Programme (IFAD-VCDP) Borrowers Training Programme by the Lead Consultant, Rural Finance Institution Building Programme (RUFIN), Ibrahim Adamu.

Adamu who noted that many challenges discourage farmers from producing at their best, stated that the Anchor Borrowers Programme initiated by the Central Bank of Nigeria (CBN) through the Bank of Industry (BoI) is aimed at solving those challenges.

According to him, through the programme, farmers will be supported with finance in the form of agriculture inputs through the BoI to cultivate to specifications of the Anchors, who in turn will support the farmers’ production and sale of produce at rates beneficial to both parties.

Adamu noted that rice production in the country is at a deficit but that, with the scheme, rice production could be increased to meet the expected six million tonnes to serve the country.

Earlier, State Programme Coordinator (SPC) of IFAD-VCDP, Emmanuel Igbaukum, stated that the IFAD-VCDP intervention in Benue State had been extended to five more local government areas of Kwande, Katsina Ala, Buruku, Otukpo and Oju, following a pilot scheme initiated by government in Gwer West LGA using the IFAD-VCDP template.

According to the SPC, the new intervention is funded by CBN through the Anchor Borrowers Programme, midwifed by BoI to join ranks with the IFAD-VCDP pilot projects in Gwer East, Ogbadibo, Okpokwu, Guma and Logo LGAs as a measure to boost agriculture in the state and country, especially in rice and cassava production.

Speaking during a technical session to educate the new farmers amongst others on the programme, Central Bank of Nigeria (CBN) Representative, Sylvester Akpenyi, said they were committed to serve smallholder farmers who hitherto were disadvantaged in accessing loans for farming.

He maintained that the smallholder farmers would be trained so as to enable them take farming as a business and get the best out of their Anchor Borrowers Programme arrangement.

By Damian Daga, Makurdi

*** From Environews

President Buhari travels abroad for health reason




President Muhammadu Buhari is set to proceed on a 10-day vacation beginning from Monday next week.
Buhari disclosed this in a letter, read by the Senate President, Bukola Saraki, during plenary today, Thursday 19, 2017.
The letter says during the vacation which is part of the presidents 2017 annual leave, the Vice President Yemi Osinbajo is to act as President.
In a statement Femi Adesina, Special Adviser to the President on Media and Publicity said, President Buhari will depart for London on Thursday 19th, two working days before his leave is due to commence.
 Adesina added that while in London, President Buhari would undergo routine medical checkup.
“President Muhammadu Buhari leaves for the United Kingdom today on a short leave, which is part of his annual vacation. He is expected to resume work on February 6, 2017.”
 “During the vacation, the President will also undergo routine medical check-ups.”
“In line with Section 145 (1) of the 1999 Constitution (as amended), the President of the Senate, and Speaker, House of Representatives, have been duly communicated.”
“While away, the Vice President, Prof Yemi Osinbajo, will perform the functions of the Office of the President”.

Sunday, 15 January 2017

Paris Agreement: New platform to give indigenous peoples a voice

Indigenous peoples and local communities at the front lines of climate change will soon be able to exchange lessons learned and share their unique perspectives on reducing emissions, adapting, and building resilience through a new platform created by the Paris Agreement.

Patricia Espinosa, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC)

Patricia Espinosa, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC).

The platform will break fresh ground in 2017 by giving indigenous peoples and local communities an active role in shaping climate action, including a prominent role in the first open multi-stakeholder dialogue. Parties and accredited organisations can get involved by writing a submission of their ideas on the local communities and indigenous peoples’ platform by 31 March 2017.

The international climate policy arena has recognised the unique role that indigenous peoples and local communities play in exchanging knowledge, technologies, practices and efforts of local communities and indigenous peoples related to addressing and responding to climate change. Therefore, the UN Climate Secretariat is facilitating the operationalisation of a platform for the exchange of experiences and sharing of best practices on mitigation and adaptation in a holistic and integrated manner.

The newly established platform came into existence through the decision adopting the Paris Agreement in December 2015 at COP21. In the climate conference (COP22) held in Marrakech in November 2016, Parties decided to adopt an incremental and participatory approach to developing the local communities and indigenous peoples platform.

The platform is giving indigenous peoples and local communities an active role in shaping the process. A representative of the group will co-moderate the first open multi-stakeholder dialogue which will take place at the mid-year UN Climate Change Conference in May 2017 in Bonn to discuss ways to effectively operationalise the platform.

How to get involved

The UNFCCCis inviting parties and accredited organisations to share their ideas about the purpose, content, and structure of the local communities and indigenous peoples platform by 31 March 2017 here. They are asked to specify in the submission that it is provided in response to the call for submissions on ‘the local communities and indigenous people’s platform’.

Organisations are welcome to send the submissions to secretariat@unfccc.int. Parties are welcome to upload the submissions in the submission portal (SBSTA 46 & 2017).

*** From Environews

7th IRENA Assembly seeks to accelerate global energy transition


7th IRENA :Over 150 countries gather in global environment of falling renewable energy costs and rising deployment to accelerate global energy transition

IRENA's event
Over 1,000 delegates from 150 countries attend the opening of IRENA’s Seventh Assembly in Abu Dhabi, the United Arab Emirates (UAE).

Government officials from more than 150 countries and leaders from international organisations, the private sector and civil society are gathering Saturday and Sunday (14 and 15 January, 2017) in Abu Dhabi, the United Arab Emirates (UAE) for the Seventh Assembly of the International Renewable Energy Agency (IRENA) to chart a pathway to a sustainable energy future. The Assembly, the agency’s ultimate decision-making authority, brings together the international community to advance the global renewable energy agenda and make concrete steps to accelerate the global energy transition and a decarbonisation of the global energy mix.

“An unprecedented transformation of our energy system is underway. Plummeting costs and rapid innovation have spurred investments that are positioning renewable energy solutions at the centre of energy discussion today,” said IRENA Director-General, Adnan Z. Amin. “It is no longer a question of whether or if, but of how we can accelerate this change to move towards a global, sustainable and affordable low-carbon energy future.”

Taking place at the St. Regis Saadiyat Hotel in Abu Dhabi, following a day of preliminary meetings and discussions on Friday, 13 January, including the second IRENA Legislator’s Forum, the Seventh Assembly is focusing on IRENA’s strategic and programmatic direction to support countries accelerate deployment of renewable energy, and in doing so, meet climate goals, boost the economy, and increase energy access and security.

Highlights of this year’s Assembly include:

Two ministerial roundtables covering innovation in the power sector and catalysing off-grid renewable energy deployment for development;
Programmatic discussions on scaling-up private sector renewable energy uptake and driving energy sector decarbonisation through innovation; and,

The announcement of projects in developing countries receiving loans worth $44.5 million under the fourth round of the IRENA/Abu Dhabi Fund for Development Project Facility.

The Assembly is also featuring the launch of “REthinking Energy 2017”, which examines the latest trends in renewable energy and the dramatic changes in the energy sector in many countries.
“The speed and scale of the energy transformation calls for, more than any time before, a strengthening of global cooperation, through concrete action and initiatives, to grapple with the multiple changes and challenges ahead,” added Mr. Amin. “IRENA’s Assembly is the meeting point for such international cooperation, and the next two days will address a range of issues central to the energy transformation underway.”

The Assembly also marks the opening of Abu Dhabi Sustainability Week and preceeds the World Future Energy Summit (WFES), a global gathering of of energy leaders and decision makers. Throughout the week, IRENA will host and will participate in a series of events, covering topics ranging from the decarbonisation of energy systems to the scaling up of variable renewable power.

***From Environews

Friday, 13 January 2017

Amazing World


Bloomberg: Global clean energy investment fell 18% in 2016


Chinese slowdown and falling costs of solar power were two of the reasons global clean energy investment fell 18% in dollar terms in 2016, according to Bloomberg



 Source of renewable energy: Wind turbines. Global clean energy investment fell 18% in dollar terms in 2016. Photo credit: theenergycollective.com
New investment in clean energy worldwide fell 18% last year to $287.5 billion, despite a record year for offshore wind financings, according to the latest authoritative figures released on Thursday, 12 January 2017 by research company, Bloomberg New Energy Finance.

The 2016 setback in global investment, signaled in advance by weak quarterly figures during the course of last year, partly reflected further sharp falls in equipment prices, particularly in solar photovoltaics. However, there was also a marked cooling in two key markets, China and Japan. Clean energy investment in China in 2016 was $87.8 billion, down 26% on the all-time high of $119.1 billion reached in 2015, while the equivalent figure for Japan was $22.8 billion, down 43%.

Justin Wu, head of Asia for BNEF, said: “After years of record-breaking investment driven by some of the world’s most generous feed-in tariffs, China and Japan are cutting back on building new large-scale projects and shifting towards digesting the capacity they have already put in place.

“China is facing slowing power demand and growing wind and solar curtailment. The government is now focused on investing in grids and reforming the power market so that the renewables in place can generate to their full potential. In Japan, future growth will come not from utility-scale projects but from rooftop solar systems installed by consumers attracted by the increasingly favorable economics of self-consumption.”

Offshore wind was the brightest spot in the global clean energy investment picture in 2016. Capital spending commitments to this technology hit $29.9 billion in 2016, up 40% on the previous year, as developers took advantage of improved economics, resulting from bigger turbines and better construction knowhow.

Last year’s record offshore wind tally included the go-ahead for the largest ever project, Dong Energy’s 1.2GW Hornsea array off the UK coast, at a cost of $5.7 billion – plus 14 other parks of more than 100MW, worth anywhere between $391 million and $3.9 billion, in British, German, Belgian, Danish and Chinese waters.

Jon Moore, chief executive of BNEF, commented: “The offshore wind record last year shows that this technology has made huge strides in terms of cost-effectiveness, and in proving its reliability and performance. Europe saw $25.8 billion of offshore wind investment, but there was also $4.1 billion in China, and new markets are set to open up in North America and Taiwan.”

Even though overall investment in clean energy was down in 2016, the total capacity installed was not. Estimates from BNEF’s analysis teams are that a record 70GW of solar were added last year, up from 56GW in 2015, plus 56.5GW of wind, down from 63GW but the second-highest figure ever.

Geographical split
Clean energy investment in the US slipped 7% to $58.6 billion, as developers took time to progress wind and solar projects eligible for the tax credits that were extended by Congress in December 2015. Canada was down 46% at $2.4 billion.

Investment in the whole Asia-Pacific region including India and China fell 26% to $135 billion, some 47% of the world total. India was almost level with 2015, at $9.6 billion, with several giant solar photovoltaic plants going ahead.

Europe was up 3% at $70.9 billion, helped by offshore wind and also by the biggest onshore wind project ever financed – the 1GW, $1.3 billion Fosen complex in Norway. The UK led the European field for the third successive year, with investment of $25.9 billion, up 2%, while Germany was second at $15.2 billion, down 16%. France got $3.6 billion, down 5%, and Belgium $3 billion, up 179%, while Denmark was 102% higher at $2.7 billion, Sweden up 85% at $2 billion and Italy up 11% at $2.3 billion.

Among developing nations, many saw investment slip as projects that won capacity in renewable energy auctions during 2016 did not secure finance before the year-end. Investment in South Africa fell 76% to $914 million, while that in Chile dropped 80% to $821 million, Mexico fell 59% to $1 billion and Uruguay 74% to $429 million. Brazil edged down 5% to $6.8 billion.

One of the emerging markets to go the other way was Jordan, which broke the $1 billion barrier for the first time, its clean energy investment increasing 147% to $1.2 billion in 2016.
2016 investment by category and sector

The biggest category of investment in clean energy in 2016 was, as usual, asset finance of utility-scale renewable energy projects. This totalled $187.1 billion last year, down 21% on 2015. The biggest seven financings were all in offshore wind in Europe, but there were also large deals in Chinese offshore wind (the Hebei Laoting Putidao array, at 300MW and an estimated $810 million), in solar thermal (the 110MW, $805 million Ashalim II Negev plant in Israel), solar PV (the 580MW, 31 Dominion SBL Portfolio in the US, at an estimated $702 million), biomass (the 299MW, $841 million Tees project in the UK) and geothermal (the ENDE Laguna Colorada installation in Bolivia, at 100MW and $612 million).
Among other categories of investment, small-scale projects of less than 1MW – including rooftop PV – attracted 28% less investment than the previous year, the 2016 total finishing at $39.8 billion. Most of this year-on-year drop reflected falling costs of solar systems rather than a decline in interest from buyers.

Public markets investment in quoted clean energy companies was $12.1 billion in 2016, down 21%. Most cash was raised by Innogy, the renewable power offshoot of German utility RWE, which secured just over $2.2 billion of new money in an initial public offering, and BYD, the Chinese electric vehicle maker, which took just under $2.2 billion via a secondary share issue.

Venture capital and private equity investment in clean energy firms rose 19% to $7.5 billion, with the largest rounds coming from two Chinese electric vehicle businesses, Le Holdings and WM Motor Technology, raising $1.1 billion and $1 billion respectively. US solar developer Sunnova took the third most, at $300 million.

Corporate research and development spending on clean energy fell 21% to $13.4 billion, while government R&D moved up 8% to $14.4 billion. Last but not least, asset finance of energy smart technologies surged 68% last year to $16 billion, helped by a jump in global smart meter spending, from 8.8 billion in 2015, to $14.4 billion.

Taking all categories of investment into account, solar was the leading sector once again, at $116 billion, but this was 32% down on 2015 levels, due in large part to lower costs per MW. Wind saw $110.3 billion invested, down 11%, while energy smart technologies attracted $41.6 billion, up 29%, biomass was more or less level on 2015 at $6.7 billion, and biofuels secured just $2.2 billion, down 37%. Small hydro showed a 1% dip in investment to $3.4 billion, while low-carbon services attracted $4.3 billion, up 5%, geothermal $2.7 billion, up 17%, and marine energy $194 million, down 7%.

Record acquisition activity

Also measured by BNEF, but not included in the figures for new investment, is acquisition activity in clean energy. This totaled $117.5 billion in 2016, up from $97 billion in 2015 and the first time this has broken the $100 billion level. Behind the surge was a rise in renewable energy project acquisitions to $72.7 billion and, in particular, a leap in corporate M&A to a record $33 billion. The top takeovers included Tesla’s acquisition of SolarCity for $4.9 billion and Enel’s buy-back of the minority holders in Enel Green Power for $3.5 billion.


*** From Environews