AIIB accused of backing Bangladeshi fossil fuels instead of renewables
Despite investing US$605 million in Bangladesh’s energy sector during the last five years, the Asian Infrastructure Investment Bank has reportedly not supported a single renewable energy project, according to experts and environmental activists.
Finance secured for 500 MW Omani project despite Covid-19 disruption
Saudi energy company Acwa Power announces $275 million has been borrowed for a project which is due to start supplying electricity to the national utility this year under a 15-year power supply deal.
Philippines wants auctions for 2 GW of renewables
The government is planning to introduce a procurement regime this year which the Institute for Energy Economics and Financial Analysis says could drive the price of clean electricity as low as PHP3/kWh. It is thought projects which missed the feed-in tariff scheme deadline will be eligible to compete in the auctions.
Enerray and Suntech ink contract for supply of 116 MW of modules for Benban
Italian developer Enerray is progressing three PV plants in Egypt’s Benban complex. The modules will be supplied by the Chinese manufacturer
