European Commission announces €1tn Green Deal ambition
President Ursula von der Leyen has outlined plans to fund her Green Deal with a mix of EU, member state and private sector contributions. Now it is over to individual nations and the European Parliament.
Danish merchant solar set for take-off – at former airfield
A week after the Danish government announced it may stop holding auctions for new solar and wind capacity a 155 MW unsubsidized solar project has been announced for the Jutland region. The plant will initially sell electricity to the Nordpool electricity market but its developers are also considering private supply deals.
European Investment Bank signs hydrogen investment deal
The EIB and the Hydrogen Council aim to jointly develop new ways to generate funding for hydrogen projects under the European Commission’s InnovFin Advisory program. The two parties, however, have not disclosed the financial terms of their planned collaboration.
80 MW of Kenyan PV projects get €106m boost from Europe
The European Investment Bank and the Netherlands Development Finance Company have each provided €53 million for the Radiant and Eldosol solar projects.
Engie secures financing for 60 MW of solar in Senegal
A €38 million loan will be provided by Proparco, the International Finance Corporation and the European Investment Bank. A PV plant in Tauba will sell power for €0.0380/kWh and a second facility in Kahone which will sell electricity for €0.0398.
EIB, ICO finance Iberdrola’s 500 MW PV project with $285 million
The massive Núñez de Balboa solar plant is planned to be installed in Usagre, near Badajoz, in the southern region of Extremadura, Spain. The funding comes to multinational utility Iberdrola after securing three PPAs for the project.
EIB helps Palestine install 35 MW of rooftop solar with $18 million loan
The funds will be used to finance solar arrays on 500 schools across the West Bank and East Jerusalem.
Morocco opens 230 MW solar tender
The Moroccan agency for sustainable energy is pre-qualifying developers for the Noor Midelt II project, a solar complex incorporating CSP and PV elements.
EDF-led consortium wins Moroccan tender for 800 MW CSP-PV project with price of $0.070/kWh
The grouping, which includes UAE-based Masdar and Moroccan independent power producer Green of Africa, is planning to begin construction this year. The project is among those realized by the Moroccan Agency for Sustainable Energy, as part of the Noor Solar Plan to develop a minimum 2 GW of capacity by next year.
Sonnen receives €25 milllion financing from the European Investment Bank
The EIB said supporting the battery supplier will help Europe realize its clean energy targets. The funds are earmarked for the company’s European R&D, as well as stemming ‘operational burdens’ from its growth rate. Sonnen recently made headlines by opening a factory in Australia to supply its virtual power plant in Adelaide.
