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Solar-plus-storage to provide all the daytime electric needs of nation state
A 6 MW solar plant and 5 MW/2.5 MWh storage system are set to increase the share of renewable electricity on the Pacific island of Nauru from 3% to 47%. The $27 million project is being supported by the Asian Development Bank (ADB).
Sep 30, 2019 // Plants, Large-Scale, Commercial, Storage, storage, Skelec, Oceania, Asian Development Bank, Nauru
Solargiga’s Taiwan shares to be de-listed
The ever worsening balance sheet of the Hong Kong-based solar manufacturer has triggered the removal of shares listed in Taiwan, which is likely to leave the company with a $2.84 million bill for buying them back.
Oct 2, 2019 // Manufacturing News, Markets & Finance News, China, Hong Kong, Asia, Solargiga, Eric Luo, Taiwan, GCL System
Solar delivers cheapest power in Jamaica
Neoen has completed the 51 MW Paradise Park solar plant in the Caribbean. The facility will generate electricity for the Jamaica Public Service Company Limited for US$85/MWh over 20 years.
Oct 4, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, MPC Capital, neoen, North America, Jamaica, Rekamniar Frontier Ventures, WRB Energy
EBRD considers $60 million investment in Infinity Energy
The European Bank of Reconstruction and Development (EBRD) is considering investing US $60 million in renewables developer Infinity Energy, a subsidiary of Egyptian conglomerate Mansour Group.
Oct 15, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, EBRD, Jordan, Asia, Africa, Benban, Egypt, Morocco, lebanon, infinity energy
Mainstream Renewable Power doubles down on Chilean renewables with new finance deal
Renewables developer Mainstream Renewable Power has more than doubled a financing facility after striking an agreement with Dutch bank ABN AMRO.
Oct 15, 2019 // Markets & Finance News, Chile, South america, financing, mainstream renewable power, hsbc, abn amro, Mary Quaney, Vincent Goedegebuure
French Development Agency helps Mozambique build 80 MW of solar capacity
Two PV plants are set to be built under the Project for Promotion of Auctions for Renewable Energies program, being implemented with the support of Mozambican utility Electricidade de Mocambique, which is likely to be the future off-taker of the solar energy generated.
Nov 1, 2019 // Plants, Large-Scale, Commercial, Scatec Solar, tender, Africa, Mozambique, French Development Agency, PROLER
UAE-based PV developer to build 50 MW of solar in Togo
A unit of Dubai-based Amea Power will build the project in Blitta prefecture, in the center of the West African country, with all electricity to be sold to Togo Electric Power Co. (CEET) under a long-term power purchase agreement.
Nov 28, 2019 // Plants, Large-Scale, Commercial, Africa, Dubai, amea power, Togo, Marc D. Ably-Bidamon
Yellow Door Energy raised $31.2 million to develop distributed PV projects in Jordan
UAE-based solar programmer Yellow Door Energy has increased $31.2 million finance to develop dispersed solar projects in Jordan.
Feb 9, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Germany, EBRD, Europe, Asia, pv projects, UAE, Yellow Door Energy, DEG
Nexamp safeguards financing for 380MW portfolio people solar and also power storage space assets
United States community solar carrier Nexamp has actually shut a US$ 440 million debt center for a 380MW portfolio of PV as well as power storage properties.
Mar 10, 2021 // Markets & Finance News, USA, Battery Storage, North America, Nexamp, Community Solar, debt financing, Peter Tawczynski
Construction starts on 145MW Indonesia floating PV
Project is being installed on the Cirata storage tank in West Java as well as is due online in late 2022
Aug 3, 2021 // Plants, Floating PV, Masdar, floating PV, Asia, Indonesia, Bahlil Lahadalia, Amir Faisal
EFG Hermes' Vortex platform to invest EUR625m in Ignis Energy's development
Vortex Energy has actually accepted spend more than EUR625 million (US$ 725 million) right into Ignis Energy Holdings with a series of funding injections that intend to develop Ignis into a "fully incorporated eco-friendly IPP" in Spain and elsewhere.
Oct 4, 2021 // Markets & Finance News, IPP, ignis, efg hermes, vortex
UK Carbon Capture Company Storegga Raises ₤ 51.3 m Funding
Storegga introduced a ₤ 51.3 m funding increase on May 17 from a host of international backers. UK firms delighted in the confidence of international financiers depending on it to drive the transition to net zero.
May 18, 2022 // Markets & Finance News, UK, Europe, decarbonisation, Carbon Capture, Foreign capital, Renewable, Storegga
Scatec funds 540MW South African solar portfolio
Construction will now kick off at three PV sites as well as a 225MW storage facility in the Kenhardt region
Jul 20, 2022 // Large-Scale, Commercial, Markets & Finance News, Storage, Scatec, Africa, South Africa, Terje Pilskog, Jan Fourie
UBS Asset Management gets 700MW ERCOT BESS portfolio from Black Mountain Energy Storage
Programmer Black Mountain Energy Storage (BMES) has marketed 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas ERCOT market in 2 months.
Aug 2, 2022 // Markets & Finance News, Storage, USA, Texas, investment, lithium-ion, North America, ERCOT, asset management, grid stabilising, renewables integration, standalone battery storage
Natixis leads US$ 360 million financing round for 360MW of distributed generation in Chile
Natixis Corporate & Investment Banking (Natixis CIB) has actually led a US$ 360 million financing round for a Chilean PV portfolio consisting of more than 360MW.
Aug 23, 2022 // Markets & Finance News, Natixis, Chile, South america, project financing, pmgd, cc&l infrastructure, distributed generation, carbonfree technology