EDF

Winch Energy has announced the project, which it hopes will be a significant bridgehead towards building $100 million worth of off-grid systems within two years, alongside Franco-Japanese partner Neot Offgrid Africa.

The French energy company will build the facility on the water reservoir of the Lazer hydroelectric plant, to double its production. Construction is expected to require 13 months.

Developer Eden Renewables India won the project, currently under construction in Rajasthan, in a Solar Energy Corporation of India (SECI) auction.

EDF Renewables North America said that its latest investment capitalizes on the growth of the commercial and industrial solar market.

Solar-linked projects will be developed by domestic firm Augwind and will feature underground storage tanks. One of the systems will be built by French energy giant EDF and will feature a 20 MWh compressed air storage system and 5 MW solar array.

France’s EDF and China’s Jinko Power Technology have finalized financing for the 2 GW Al Dhafra PV2 project. The array will sell electricity to Emirates Water and Electricity Co. at a price of $0.0135/kWh.

Hynamics, EDF’s hydrogen unit, has set up its own subsidiary in Germany. From there, the French group plans to expand its hydrogen generation business across the continent.

The latest 800 MW of the 5 GW solar field to go live takes Dubai past its 2020 clean energy target of 7% by ensuring 9% of the emirate’s power comes from clean sources, according to the Dubai Water and Electricity Authority.

Sustainability-linked debt financing is experiencing ever increasing popularity and the success of green bonds has driven other products linked to social performance and other sustainability criteria. The total volume of such investments to date passed the $2 trillion point this year.

Alsace start-up Ecosun is developing innovative microgrid solutions to provide electricity in isolated areas.