Bank of China has agreed to lend $123 million for the country’s solar rural electrification program, while its power utility is planning to build three PV plants with a combined capacity of 35 MW.
The Committee for the Environment of the Brazilian Senate has approved a bill to modify the legislation of the electric system and grant access to the country’s energy auctions to large-scale hybrid renewable energy projects.
A draft of the new rules was submitted to public consultation by the Argentinean government. The new regulation, if implemented, would authorize the sale of power to large industrial power consumers by direct agreement.
The Alcazar II solar project is being developed in the 1.8 GW Benban solar complex by UAE-based Alcazar Energy.
At the first day of the conference PV Asset Management and O&M Europe 2017, which winds up today in Hamburg, almost all the participants agreed on the fact that the business is becoming more and more complex, and that getting to scale may provide a path through a period of further consolidation.
The French steel maker announced the production of its Magnelis coated steel will be increased in Avilés, northern Spain.
The funds will be used to finance 13 large-scale PV projects being developed under the country’s FIT scheme. All the projects will be located near Benban in Upper Egypt.
The new company will develop both unlicensed and licensed PV projects. The joint venture is also expected to become a R&D platform for energy storage.
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