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EGE Haina obtains concession for 90-MWp solar project in Dominican Republic
Dominican power producer Empresa Generadora de Electricidad Haina SA (EGE Haina) has actually signed the clear-cut giving in agreement with the local nationwide power commission CNE for the 90-MWp Esperanza solar project.
Dec 15, 2022 // Plants, Large-Scale, Commercial, Dominican Republic, North America, Solar Project, EGE Haina
India Extends US$75m credit for solar parks in Cuba
India has extended a $75m line of credit for development of PV parks in Cuba according to agreement between Cuban agency BEC and Exim Bank of India.
Jan 7, 2020 // Markets & Finance News, India, Asia, North America, Cuba, LoC
Xinyi inks long-lasting agreement to supply solar glass to Longi
Chinese solar glass maker Xinyi Solar Holdings Ltd (HKG:0968) introduced that it has entered into a contract to sell its items to Longi Solar Technology.
Aug 14, 2021 // Manufacturing News, Markets & Finance News, LONGi, solar glass, Xinyi Solar
Murphy & Spitz Green Energy to build 13-MWp solar park in Bavaria
German renewable energy firm Murphy & Spitz Green Energy AG has actually begun the building and construction of a 12.74-MWp solar park in Bavaria with commissioning planned for the 2nd quarter of 2022.
Nov 25, 2021 // Plants, Large-Scale, Commercial, Germany, Europe, Solar Park, Murphy & Spitz Green Energy
Daystar Power secures $38 million of funding
Daystar Power, off-grid power company, using hybrid power solutions to commercial and industrial services in West Africa, revealed an investment of $38 million. With the fundraise, the company will expand its procedures in its key markets of Nigeria as well as Ghana, while strengthening its existence in other regional nations such as Côte d'Ivoire, Senegal as well as Togo.
Jan 15, 2021 // Markets & Finance News, West Africa, Jasper Graf von Hardenberg, Daystar Power
Angola Harnesses Solar Power for Rural Areas
Angola is set to develop photovoltaic electricity networks for rural areas with a EUR 1.3bn Standard Chartered Plc loan, bringing renewable energy to 203,000 households in 60 communities. Supported by German Export Credit Agency Euler Hermes, this project is a major step towards Angola's renewable energy transformation.
Jul 3, 2023 // Markets & Finance News, Africa, Angola
Berkeley Energy elevates EUR130 million for second African Energy Fund
Renewables programmer Berkeley Energy has actually elevated EUR130 million (US$ 157.5 million) in the first close of the Africa Renewable Energy Fund II (AREF II).
Jun 17, 2021 // Markets & Finance News, Africa, Berkeley, AREF, AREF II
Ford's Silverton Factory In South Africa Is Getting A Massive 13.5 MW Of Solar PV
The Ford Motor Company of Southern Africa's factory in Silverton, Pretoria, South Africa is obtaining a huge 13. 5 megawatt (MW) solar system. This will certainly make it among the largest solar PV systems mounted at a manufacturing facility worldwide. The system will certainly have solar carports enough to cover 4,200 car parking bays. The PV plant will certainly cost R135 million (US$ 8.7 million). This indicates the grid-tied project will certainly be available in at concerning $0.64/ W, which is pretty impressive for a carport system.
Nov 16, 2020 // Plants, Large-Scale, Commercial, Africa, Ford Motor Company, solar system
Burkina Faso welcomes bids for building and construction of four PV solar power plants
The federal government of Burkina Faso through the national power utility Sonabel, officially Societe Nationale d'electricite du Burkina Faso, has actually released a Notice of Invitation to Tender (AOO) requiring bids for the engineering, purchase, and also building and construction of four photovoltaic or pv solar power plants with a total capacity of 9 MWp in three different areas in the West African country.
Sep 4, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, pv power plants, Urbasolar, Africa, Burkina Faso, Sonabel, African Development Bank (AfDB), government of Burkina Faso, Societe Nationale d’electricite du Burkina Faso, Yeleen Rural Electrification Project
Czech utility CEZ to acquire Belectric from RWE
German energy business RWE is marketing solar EPC and also O&M service provider Belectric to Czech utility CEZ, Germany's government competitors authority has revealed.
Nov 22, 2021 // Markets & Finance News, EPC, Germany, Europe, rwe, Belectric, rwe renewables, Czech Republic, Bulgaria, cez
Monte Plata Solar: Caribbean-Based MPC Reaches Fin Close
MPC Caribbean Clean Energy Fund secures financing for phase II of its Monte Plata solar farm in the Dominican Republic. Expansion to 75.6 MWp capacity with PPA monetisation expected to be operational in 2024. German asset and investment manager MPC Capital AG leads the project.
Dec 27, 2023 // Plants, Large-Scale, Commercial, PV Power Plant, MPC Caribbean Clean Energy Fund
Seeking greater electrification in Sub-Saharan Africa: 'The future of energy may be built there'
The drive to electrify Sub-Saharan Africa will certainly need US$ 350 billion of financial investment and also might expose an alternative vision for the energy transition that concentrates on a decentralised, bottom-up solar-and-storage abundant grid that benefits from affordable solar power, according to research study company Wood Mackenzie.
Mar 21, 2022 // Residential, Markets & Finance News, Wood Mackenzie, utilities, woodmac, energy transition, SUB-SAHARAN AFRICA, distributed generation
World Bank Approves $311 Million for Renewable Energy in West Africa
The $311 million funds will certainly be funded through International Development Association (IDA). The RESPITE project will support the setup of solar as well as battery storage space capacity, near-term O&M contracts for the provision of solar supply, expansion of hydropower generation capacity, grid connection infrastructure and grid modernization and also upgrades.
Dec 23, 2022 // Markets & Finance News, world bank, Africa, chad, Togo, Boutheina Gue, IDA, International Development Association, Liberia, RESPITE, Rhonda Jordan-Antoine, Sierra Leone, WAPP, West Africa Power Pool, West Africa solar power
Chinese PV Industry Brief: Lower wafer costs, module purchase, and also a brand-new assembly line
Sveck, China's leading vendor of EVA movies for PV modules, has actually disclosed strategies to checklist shares in Shenzhen. China Guangdong Nuclear Power Corp. has actually picked Longi as well as EGing to specifically provide 238 MW as well as 112 MW of panels for its projects, with Longi likewise revealing wafer cost cuts. Jincheng Machinery, at the same time, has actually begun elevating funds to establish a brand-new assembly line.
May 26, 2020 // Manufacturing News, Markets & Finance News, Inverters, China, Asia, Risen Energy, LONGi, GCL New Energy, China Solar, China Guangdong Nuclear Power Corp., Jincheng Machinery, Power Construction Corp. of China
Off-grid solar sector witnesses sales of 4.1 million products in six months
Industry body Gogla and the World Bank’s Lighting Global program said the last six months set a record for off-grid solar deployment. Solar home systems and other small off-grid appliances are being used in ever larger numbers.
Nov 1, 2019 // Plants, Large-Scale, Residential, Markets & Finance News, Grids, Asia, Africa, Gogla, Lighting Global