Peru to hold new auction for solar and renewables in 2H of 2018 – Interview
In an interview with pv magazine, the president of the Peruvian Society of Renewable Energies, Juan Coronado, discusses the auction for solar and renewables, which the government is obliged to hold this year, and the different options large-solar has to resume its development in the Andean country. According to him, when the obstacles that are currently impeding private PPAs are eliminated, utility-scale PV projects could be conceived outside of the auction mechanism.
YES Bank lends $146.3 million to India’s Mahindra Renewables for 250 MW project
The project is part of the 750 MW Rewa solar park in India’s Madhya Pradesh. YES Bank has also reaffirmed its commitment to mobilize US$5 billion for financing solar power projects in India by 2030 with the International Solar Alliance (ISA) at the latter’s founding ceremony in New Delhi, held last week.
BBOXX raises €1 million for off-grid solar through crowdfunding
U.K.-based off-grid developer, BBOXX and online renewable energy investment platform, Trine have raised €1 million from crowdfunded investments in less than one month. The financing will be disbursed at the beginning of April, to enable BBOXX to scale up its operations in Kenya.
Norway’s Statoil changes name to Equinor to reflect new clean energy strategy
The Norwegian oil company announced its intention to enter the solar energy business in October, when it launched a US$197 million fund dedicated to renewable energies.
Rooftop solar could provide half of Dutch electricity needs, Deloitte finds
Based on analysis of publicly available data, Deloitte estimates that solar panels installed on every suitable roof surface across the Netherlands could meet half of the current Dutch electricity demand, despite the country’s cloudy and rainy climate.
KGAL further invests in large-scale PV in southern European countries
The solar plans of the German independent investment and asset manager in Spain, Italy and Portugal are part of a broader plan to further invest in renewables, including wind and hydropower.
Alten Africa secures $50 million for 45 MW PV project in Namibia
Alten Africa has secured up to US$50 million for its planned 45.5 MWp solar PV plant in Namibia. When complete, the generated energy is expected to meet 3% of the country’s energy needs.
SolarEdge launches inverter with EV-charging capability
Power electronics company, SolarEdge has announced the launched of an EV charging inverter in Europe.
BayWa enters Dutch solar market with 2 GW, €159 million deal
The Munich-based company will acquire a 70% stake in a solar PV project pipeline totaling 2 GW in the Netherlands through its renewable energy arm Baywa re. The transaction will have to be approved by antitrust authorities.
Gaza solar project receives $12 million in international backing
US$12 million in private finance has been earmarked for a 7 MW solar PV rooftop system in Gaza, Palestine. Up to 800 jobs are expected to be created.
