World Bank approves $660 million fund for 500 MW of projects at Benban solar complex in Egypt
The funds will be used to support the construction of 11 solar plants with a combined capacity of 500 MW.
Algeria’s 4 GW solar tender delayed, again
The country’s new minister for renewable energy said that a special committee for the tender will be now established, and that the results of the review will be published together with her new action plan for renewables.
Morocco secures $25 million loan for a NOOR hybrid solar project
As part of the NOOR multi-site and multi-technology solar power project, a hybrid CSP-PV system, whose total capacity is expected to reach 600-800 MW, has secured $25 million in funding from the Climate Investment Funds’ Clean Technology Fund.
German Development Bank finances 10 MW solar project in Tunisia
The solar facility will be built by Italian PV developer Ternienergia in the south of the country.
African Development Bank considering $18 million loan for 50 MW PV project in Egypt
The Alcazar II solar project is being developed in the 1.8 GW Benban solar complex by UAE-based Alcazar Energy.
O&M business must get to scale
At the first day of the conference PV Asset Management and O&M Europe 2017, which winds up today in Hamburg, almost all the participants agreed on the fact that the business is becoming more and more complex, and that getting to scale may provide a path through a period of further consolidation.
Power Africa: focus on creating opportunities for USA exports
A working roundtable discussion on the USA’s commercial partnership with Africa depicts the changes in the American agency in the Trump administration era.
EBRD approves $500 million package for 750 MW of solar in Egypt
The funds will be used to finance 13 large-scale PV projects being developed under the country’s FIT scheme. All the projects will be located near Benban in Upper Egypt.
Morocco: government-run agency Masen authorized to buy minority stake in 170 MW NOOR PV I project
A unit of the Moroccan Agency for Solar Energy (Masen) was allowed to acquire an interest of up to 25% in six special purpose companies owning the project’s three photovoltaic plants.
Algeria launches solar energy cluster, names new energy minister
The new solar energy cluster will host small and medium-sized solar enterprises, as well as research institutes and local mining companies. Meanwhile, the Algerian government has named the former CEO of state-owned utility Sonelgaz as energy minister.
