The $45 million loan was granted by French financial services provider, Natixis. The solar facility, selected by the Mexican governmemt in the first energy auction of 2016, will be located in the state of Aguascalientes.
Construction on the 100 MW Kristal Solar Park is set to start in October. The facility will be located near the town of Lommel, in the Flemish province of Limburg. The project developer, local investment agency, Limburgse investeringsmaatschappij (LRM) said the project will be 34% cheaper than expected.
Cumulative PV capacity installed under the scheme reached 90 MW at the end of June. Of this capacity, around 27 MW were deployed in the second quarter alone.
In the fourth of six tenders totaling 4 GW planned for the utility-scale segment, the French government selected 103 solar projects. In the next two, and final, rounds, around 1.7 GW of additional solar capacity will be assigned.
Valmont’s global manufacturing capabilities and utility customer base is expected to help the Italian company expand activity and market share.
Through the auction, the authorities in Tirana aim to build a solar park in the Akërni salt flats, near Vlorë.
The U.S. firm expects France will reach a cumulative capacity of 28 GW by 2027, 3 GW more than previously forecast. The reasons for the increase are the renewed efforts of the French government to push for more solar, and the solar plans of big energy players such as EDF and Total.
The Italian wind energy specialist has joined forces with UK-based investment firm Quercus Investment Partners LLP to acquire another 150 MW of PV plants in Italy.
According to a new report published by consultancy Greener, the price of DG systems keeps falling in Brazil and total installed capacity has surpassed 308 MW. In the first half of the year, newly installed capacity was around 126 MW – more than the country installed in all of last year.
The solar plant was commissioned last week in Ourique, southern Portugal. The project was developed by UK-based renewable energy company Welink and Chinese engineering services provider China Triumph International Engineering (CTIEC).
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