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Total Eren heralds another 100 MW of Uzbek solar

The central Asian nation went from 4 MW of grid-connected solar to 104 MW in just 12 months and Total Eren’s latest announcement indicates an ambitious national goal of adding 12 GW of renewables this decade may not be so fanciful.

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.


pv magazine Roundtables Europe 2022: Back to the future

Down below, you can see a quickfire summary of some of the events held and points raised on day one of pv magazine‘s Roundtables Europe event.

The weekend read: The stakes are high for solar and green finance

Despite worldwide net-zero pledges, a new EU sustainable debt taxonomy, an urgent need to address the climate crisis, and record sustainable debt investments, the world still has a long path to tread to meet its climate goals. Next week at pv magazine’s European Roundtables event and in the third quarter of our UP Initiative, we will focus on green finance. Specifically, what steps have been made in the past two years? Will sustainability-linked bonds gain traction? What supporting policies and standards are in place or required? And what can solar companies do to be ESG-ready?

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.

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.


New on-demand rooftop solar investment platform

Legends Rooftop is an online tool that allows investors to purchase off-site rooftop solar panels as a financial investment.


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.


A simmering cauldron of renewables ‘revenue cannibalization’ 

There is enormous demand for renewables to enter the grid, and for power purchase agreements to make use of them. However, as more renewables feed into the grid at intermittent periods, the risk of “revenue cannibalization” increases. Swiss consultancy Pexapark’s latest report looks at the “cannibalization effect” and how the solar PPA market can adapt.


EU energy fund to commit $514 million for solar projects at Romanian mining waste sites

Panels will be installed at waste sites in five mining towns as part of the latest, €2.4 billion ($2.57 million) round of investment from a fund set up to help coal-dependent European member states with the energy transition.

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