The two companies have formed a joint holding company which will develop a combination of 50% solar projects with government support and the remaining 50% without subsidies. The current French pipeline includes four PV projects totaling 69 MW.
The power plant will sell power to Iamgold’s Essakane Mine – an off-grid gold mine located 330 kilometers northeast of Burkina Faso‘s capital city, Ouagadougou.
French firm Neoen has begun development on a hydrogen electrolyser to be colocated alongside a 150 MW wind project and 150 MW solar farm. The project has been awarded a grant of AU$1 million by the South Australian Renewable Technology fund, with more funding yet to be approved.
To meet their 2030 renewable energy targets, RE 100 signatories will need to procure around 172 TWh of additional energy generation, writes BNEF. Up to 35 GW of solar and 51 GW of wind could be deployed, if they met this demand through PPAs.
The Green Climate Fund (GCF) has approved over US$50 million in funding for the development of up to 100 MW of renewable energy projects, primarily solar, in Zambia.
On February 25, Belgium recorded the maximum amount of electricity produced by solar PV. Overall, it acounted for an impressive 21% of the country’s electricity consumption.
The partnership between OPG and the Six Nations of the Grand River development Corporation is set to deliver 44 MW of solar energy when the plant is finished in 2019.
The contract relates to 17 MW of solar assigned by the French government in recent auctions – a capacity that is expected to come online this summer.
MOUs for four projects signed at the CII Partnership Summit 2018, held in Andhra Pradesh, India, are valued at more than US$500 million, and are expected to create jobs, alongside bringing in revenue and saving money.