Luxcara acquires 121 MW solar project in southern Spain
The construction of the Guillena-Salteras plant in Seville will begin shortly, with completion scheduled for the second quarter of 2020.
Macquarie and India’s NTPC in race to buy Infrastructure Leasing and Financial Services’ assets
India’s leading infrastructure finance company expects to generate up to $1.14bn from wind and solar asset sales.
Solar money is all flowing downstream – in the West at least
Mercom Capital’s latest report on financial activity in the solar sector illustrates an increasing flow of capital towards downstream companies and PV projects – as well as a split between China and the rest of the world.
World Bank injects $100 million to support solar in Pakistan
The funds will be used to implement the Sindh Solar Energy Project, a scheme aimed at increasing solar power generation and access to electricity in Sindh province.
Canadian-UK funding for pilot smart grid solutions
A competition backed by public funding from the governments of the two nations is seeking proposals for projects that will help electricity grids transition to clean and flexible energy.
New products contribute to another record year for sustainable finance
BloombergNEF figures show financial vehicles linked to environmental and/or social benefits amounted to $247bn worldwide in 2018. The US led the way, almost entirely because state-backed mortgage provider Fannie Mae issued $19.8bn worth of green home loans.
Netherlands a gigawatt solar market
The Dutch PV sector is expected to have grown by 1.3-1.5 GW in 2018. The growth, which marks the Netherlands’ entry into Europe’s gigawatt club, was mainly due to the connection of large-scale projects under the SDE+ program. The nation’s cumulative installed PV capacity should have surpassed 4 GW as the Dutch government prepares to reduce the SDE+ budget.
Solar the cheapest power source – so let’s use it to extract fossil fuels
In the wake of a COP24 climate change conference which emphasized the need to wind down fossil fuel exploitation rapidly, Kuwait is turning to PV as a sustainable solution – of ramping up its oil production.
Almost half of Brazil’s tendered large-scale PV has been connected
Including 80 MW of additional capacity at the testing stage, the country’s deployed PV capacity from large-scale solar auctions reached around 2.3 GW last year, according to a report by consultancy Greener. The study reveals a further 962 MW may be connected this year. Jinko, Canadian Solar and BYD are the largest module suppliers for the segment.
EBRD approves €5.9 million lending facility for Macedonian solar plant
The redevelopment of a coal mine site is aimed to catalyze the decarbonization of the Macedonian power sector after reports have highlighted the negative impacts of the brown coal industry in the Balkans.
