The government wants 30% of its power from clean energy sources by 2035 and the 50 MW of solar targeted by the World Bank would make up two-thirds of that ambition.
Utility DEWA has announced the first 300 MW of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park will be commissioned next month, with the first stage of the fourth phase due to arrive two months later.
Private equity funds in Ireland and the U.S. have moved for the English company, which developed and sold the first subsidy-free solar farm in England, the 6 MW Clayhill project in Flitwick.
A solar array planned in the Tetereane district of Cuamba has been described by its developer as the nation’s first independent power project to feature utility scale storage.
Moreover, Linyang Energy announced a plan to build a 10 GWh lithium-ion battery manufacturing facility in Qidong city, Jiangsu province. Chinese state-owned lender China Development Bank (CDB) has allocated RMB500 billion in special loans to support projects in the energy sector to help China reach its decarbonization targets
The final 980 MW of transmission capacity in parts of the Friesland regional grid have been allocated to generation projects, and state-owned network business Tennet says bottlenecks could occur over the next seven years.
The London-based development finance provider has made more than €50 million available for sustainable investment across three separate credit lines recently.
The new facility is expected to be connected to the emirate’s water network this month.
The first batch of five-year investments, offered through German-owned Polish lender Mbank, will raise money to expand a solar portfolio R.Power claims already stretches to more than 4 GWp in its domestic market.
Energy efficiency, electrification of heating and transport, and the provision of clean cooking facilities are all going in the wrong direction as the Covid crisis deprived millions in sub-Saharan Africa of electricity use, according to a report by the IEA, IRENA, WHO, World Bank and UN Statistics Division.
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