Nepal’s Alternative Energy Promotion Centre (AEPC) is seeking proposals for renewable energy projects not exceeding 1 MW in size.
Until 2016, Nepal suffered from chronic power shortages. At that time, just 65% of the country’s population had access to electricity. Assessing the situation, the International Renewable Energy Agency (IRENA) estimated that the country has the potential for 2.1 GW of installed PV capacity. Although the Nepal Electricity Authority (NEA) has officially been able to buy solar power under long-term PPAs since July 2014, the majority of projects granted these contracts have been large-scale hydropower plants. Following slow activity, plans are finally afoot, however, to boost the country’s solar footprint.
The Abu Dhabi Fund for Development will support half a dozen megawatt scale projects featuring solar in the Caribbean and Africa. In addition to around 42.5 MW of new solar capacity, the fund will also back the development of energy storage, waste-to-energy and biogas facilities.
U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.
Through three tenders, Nepal’s Alternative Energy Promotion Center is increasing efforts to bring power to rural communities, and to increase the share of renewables in a nation still dominated by hydropower.
What has been described as Nepal’s largest wind-solar hybrid power system has been switched in the Hariharpurgadi village in the Sindhuli district. The Asian Development Bank (ADB) financed and supported the project.
The Nepal Electricity Authority has issued a tender to select consultants for the implementation of the Nepal Grid Solar and Energy Efficiency Project. The initiative is aimed at reducing distribution losses in pilot distribution centers, and enabling the grid-connection of large-scale solar.
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