Bangladesh secures $200m from Asian Infrastructure Investment Bank to support renewables
The China-led Asian Infrastructure Investment Bank (AIIB) has extended a $200 million long-term credit facility to Bangladesh to finance a range of infrastructure projects, including renewable energy expansion.
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.
64 MW project connected at Benban
Alcazar Energy has announced the start of commercial operation for a project at Benban, in Egypt. Alcazar says it is the first of more than 30 planned projects in the second round of the mammoth solar park to achieve grid connection, and one of four similar sized projects the company is working on at the site.
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
