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Sun Exchange powers solar projects at schools such as Sacred Heart College in Johannesburg

The amount of non-hydro renewables such as solar in Africa is most likely to continue to be below 10% in 2030, although there are substantial regional differences.

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.

The company stated that it was selected by the Central Government as one among the 3 successful participants in the Rs. 18,100 Crores PLI Scheme for production of Advanced Chemistry Cells. It will certainly get support from the Centre and also Karnataka state for the setting up of the 5 GWh Giga Factory.

BERC has allowed the procurement at a tariff of Rs 2.50/ kWh as well as the trading margin has been kept at Rs 0.07 for every kWh. The commission order located that SECI tariff was competitive and also less than DISCOMs' average cost of power purchase for financial year 2022-23.

The US renewables business of Japanese oil and gas major Idemitsu Kosan has bought a 100MW solar project in Colorado from GCL New Energy, a subsidiary of China's GCL New Energy Holdings.

Amsterdam-based renewables developer Photon Energy expands its solar farm portfolio in Romania, with a new 3.9 MWp solar farm near Faget, Timis County. With a total installed capacity of over 35 MWp in the country, the company anticipates significant revenues in the coming years.

Iraq is tapping into solar power to resolve chronic electricity shortages and access clean energy. With over 70 buildings solarized since 2020, Iraq is leading the way in renewable energy and offering $750 million in zero-interest loans to further its cause.

With a purpose to make funding quickly offered post-coronavirus, Bangladesh has actually presented a USD 218.7 million (EUR 200 million) Green Transformation Fund (GTF) to ensure that soft car loans can be offered to solar programmers, various other green items and also importers of Eurozone's power effectiveness parts.

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.

CWP Europe's Vida project in Serbia's Zajecar district will feature a 350-MW wind-solar park, showcasing their expertise in renewable energy development.

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.