The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.
The Italian solar developer will provide inverters through its unit Elettronica Santerno.
Vancouver-based B2Gold says the new facility up and running at its Otjikoto mine is “one of the first fully-autonomous hybrid plants in the world”. The Canadian company is mulling leaving the 7 MW scheme in place for the nearby community after the mine closes.
After signing the 27 outstanding renewable PPAs assigned in previous rounds in April, the South African government believes the new procurement round may raise investment of more than $3.1 billion.
At the African Development Bank’s annual meeting, held in Busan, Korea, the bank’s president Akinwumi Adesina announced that, alongside the Green Climate Fund and the Africa 50 investment fund, it plans to support the development of up to 10 GW of solar across the Sahel region.
The upper chamber of Congress has called for stable funding for the Department of Energy’s Office of Energy Efficiency and Renewable Energy in 2019, with an emphasis on electric vehicles as well as increasing the budget for ARPA-E by 6.5%
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