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Spanish programmer Elawan Energy on Thursday claimed it has actually closed on EUR 92 million (USD 108.7 m) of project financing for a portfolio of solar projects with an integrated ability of 250 MW in Spain.

Chinese photovoltaic or pv (PV) module producer Jiangsu Seraphim Solar System Co Ltd today stated it has actually authorized a deal to provide 1 GW of modules to Rodina Energy Group LLC.

While global investments in renewable energy have climbed gradually in recent years, they remain much below the levels required to put the globe on course for a climate-safe future.

Tesla boss Elon Musk said Tuesday that he plans to build the globe's biggest battery-cell factory at the group's electrical automobile plant near Berlin.

Univergy International headquartered in Spain and Japan is planning to invest over $200 million in two photovoltaic projects in Zambia.

The African Development Bank (AfDB) will lend the government of Burkina Faso €48.82 million (US$54.04 million) to develop 208MWp of PV across the nation under its Desert to Power initiative.

The African countries of Botswana and Cameroon have taken steps to add a combined 125MW of installed PV capacity to their respective national grids.

The solar plant is expected to have a capacity of up to 60 MW and also will certainly be situated at the 100 MW Gorou Banda thermal power plant appointed in 2017.

Proparco, a department of the French Development Agency (AFD) group, invested in a $10 million green bond that will certainly be lent to Sun King, an African solar kit seller. The Swiss influence capitalist Symbiotics Group, through its MSMR Bonds platform, issuing the green bond. A total of 309 bonds worth $2.67 billion have actually already been issued thanks to this platform.

Set up by Abu Dhabi Fund for Development for financial objectives, the Abu Dhabi Exports Office (ADEX), will certainly provide loan worth AED92 million ($25 million) to augment the capacity of a solar facility in Togo, West Africa.

POWGEX-HYFI and BioPower announce an opportunity to build up to 30 GW of solar power plants in South Africa’s Mpumalanga province, with the initial capacity starting in 2024 and an estimated project cost of USD 2.5 billion. Lead financial adviser Signet Capital arranges a USD-450-million private placement.

CNGR Advanced Material and Al Mada have announced plans to set up a $2 billion industrial hub in Morocco for EV battery production with an annual capacity of 1 million vehicles. Strategic initiatives by Huayou & Gotion High-Tech result in a combined $26.3 billion investment in Morocco's automotive sector.

Sungrow, among the leading inverter remedies distributor around the world for renewable resource, has actually provided its SG2500U-MV inverter remedies for 200 MW utility-scale Wright Solar project in California.

The company has actually been issued a Letter of Intent (LoI) by the Uttar Pradesh New as well as Renewable Energy Development Agency (UPNEDA). SJVN will certainly construct 75 MW grid attached solar energy project at Gurhah, in Jalaun District, as well as 50 MW grid-connected solar power project at Gujrai, in Kanpur Dehat District, in UP.

The Central Electricity Board (CEB) of Mauritius has issued 2 different tenders for 100MW and 40MW capacities. The Mauritius Government wishes to enhance the share of renewable energy in the energy basket to greater than 35 per cent by 2025.