Max Hall
IFC announces $150m credit line, with focus on African solar
Egypt’s Elsewedy Electric, which has developed solar and storage projects on its home continent, has secured a new financing package, according to International Finance Corp.
Emirati investor reveals plans for 500 MW of solar in Libya
Alpha Dhabi Holding has signaled its intent to develop up to 2 GW of solar in Libya, with the power to be bought by a state-owned utility.
Chinese PV Industry Brief: Almaden secures glass order from Trina Solar
Almaden and Trina Solar have signed a long-term solar glass supply deal, while Growatt has revealed plans to list shares in Hong Kong. PV glassmaker Xinyi, meanwhile, has issued a gloomy profit outlook for the first half of 2022.
Prefab floating solar for easy installation
A Norwegian startup has patented a floating solar system made of panels laminated on top of double-aluminum sheets. The pre-stringed floats are rolled out on site and towed into place.
Hanwha appeals French court decision over Longi seizure
South Korea’s Hanwha says it has appealed a decision to reverse the seizure of products from a Longi Solar distributor in France in February 2021.
Chinese PV Industry Brief: Polysilicon prices hit high of $41.80/kg
Average polysilicon prices ranged from CNY 273 ($40.82)/kg to CNY 280/kg this week, according to an industry association in China.
European loan to fund 107,000 home solar panels in Benin
The European Investment Bank says a new €10 million ($10.5 million) loan will offer electricity access to almost 650,000 people in Benin.
Caribbean neighbors move on solar, storage
Jamaica is lifting taxes on imported lithium-ion batteries, while Guyana has announced funding for eight big solar-plus-storage projects across three regions.
Solar LCOE may drop to $0.018/kWh in Africa by 2030, says IEA
The International Energy Agency’s latest “Africa Energy Outlook” report says grids will need to be expanded, along with natural gas exploitation, if everyone in Africa is to have access to electricity by 2030. On the solar front, the document predicts a levelized cost of energy of $0.018/kWh to $0.049/kWh by 2030 – cheaper than wind power or gas.
Nigerian state to install 600 MW of C&I solar in pursuit of 1 GW goal
The Nigerian state of Lagos and the World Bank have announced plans for 1 GW of rooftop PV by 2030.
