EBRD and IFC backing 1.4 GW of Egyptian solar projects
The European Bank of Reconstruction and Development has identified 16 new solar projects in Egypt with a cumulative capacity of 750 MW to receive financing, while International Finance Corp will support development of a further 13 solar parks.
Powin scores financing from Brookfield for 8.8 MW storage project
Powin Energy has secured non-recourse debt financing from Brookfield Renewable for an 8.8 MW/40.8 MWh storage system it plans to install in the Canadian province of Ontario. It did not disclose the terms of the agreement.
SunPower wins 291 MW PV deal in second round of French tender
The U.S. solar firm, a subsidiary of French energy giant Total, will supply its high-efficiency solar panels to projects awarded in the second round of CRE tender process in France.
Norwegian firm signs 2 GW, $2.9bn solar project deal in Iran
Saga Energy, a partner of Taiwan’s Delta Group, has inked a €2.5 billion deal to construct 2 GW of solar PV in Iran, working alongside local partner Amin Energy. Company also hopes to build module fab in the country.
Acciona to deploy 150 MW at Egypt’s Benban solar complex
The Spanish company will build three PV plants in a 50/50 joint venture with Saudi developer Swicorp. The facilities will sell power to local utility EETC under a 25-year PPA.
DEWA announces new R&D subsidiary
HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Company (DEWA) announced that the firm has launched a new wholly owned investment subsidiary. It is called Jumeirah Energy International Silicon Valley Company and, as the name entails, is found in the Silicon Valley in California.
U.S. thin film PV maker Stion to discontinue operations
The Mississippi-based CIGS manufacturer cites “intense” competition from imports.
SolarNow financing facility aiming to reach 70% of rural Uganda with off-grid systems
SolarNow and fellow investors SunFunder, Oikocredit and ResponsAbility Investments have announced a $6 million receivables financing facility for the installation of off-grid solar systems in the African nation of Uganda.
A2A buys another 17.8 MW of solar in Italy
Through this second operation in the solar sector, the operational PV plants owned by the Italian power and gas provider have reached a combined capacity of 38.4 MW.
Large-scale solar is not ready for the spot market in Portugal
In an interview with pv magazine, President of the Portuguese renewable energy association Apren, António Sá da Costa, has explained why solar and renewable energy power plants selling electricity to the spot market are still unviable in the country, and has urged the government to introduce auctions.
