China drags global clean energy investment to $333.5bn in 2017, finds BNEF
Despite approximate 25% fall in solar costs per MWh against 2015, last year saw more than $333 billion invested in clean energy, with global solar deployment figures topping 53 GW, finds new Bloomberg New Energy Finance report.
Fotowatio to build large-scale hybrid wind-solar facility in Chile
The project was selected by the Chilean government in November’s renewable energy auction.
Masdar, EDF sign MOU to develop sub-Saharan Africa’s off-grid sector
A Memorandum of Understanding (MOU) has been signed by Masdar, the Abu Dhabi Future Energy Company, and EDF SA, the parent company of the EDF Group, to develop off-grid projects in sub-Saharan African countries.
Germany’s Innogy unveils ambitious solar expansion plans
The renewable energy subsidiary of German power company, RWE aims to build more solar power projects in the Netherlands, Germany and the U.S., and has signed a new agreement for 1 GW of PV in Canada.
Shell to acquire 44% stake in US solar developer Silicon Ranch
The pioneering US solar developer will now be backed by Europe’s largest oil and gas company.
EDF energizes 115 MW solar park in Chile
The Santiago solar plant, located near the country’s capital city, Santiago, will sell its output to local power distributors and to the spot market.
Coronal Energy closes on $235 million in financing for Florida solar
Panasonic’s development subsidiary has closed on a combination of tax equity and debt to provide financing for 120 MW-AC of solar plants that came online last August.
IRENA and ADFD to fund $25m PV projects in Mauritius and Rwanda
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have announced that two solar PV projects – one located in Mauritius and the other in Rwanda – will be receiving $25 million in concessional loans from ADFD, one in Mauritius and one in Rwanda.
Brazil pre-selects 620 PV projects totaling 20 GW for April’s A-4 auction
Overall, the Brazilian government has pre-qualified biomass, wind, solar and hydropower projects with a combined capacity of 48.7 GW.
Germany’s IBC, SolarWorld announce separate solar developments in Turkey
While the German EPC contractor has installed a 4.2 MW rooftop solar PV plant, the manufacturer has agreed to supply 60 MW of modules to the Turkish market.
