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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.

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.

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.

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.

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.

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.

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.

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.

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.

Yellow Door Energy partners with Powerx to boost South Africa's green energy with a 24.5-MWp solar park, advancing sustainable development and energy transition goals.