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Emerging markets

ADB finances its first utility-scale PV plant in $160 million deal

Asia’s largest IPP receives funds to develop renewable energy assets in line with Indonesia’s plans to increase renewable generation to 23% by 2025. The ADB’s support for PV at this scale is novel and could help overcome financing gaps that have hindered PV development in emerging nations

AfDB and Green Climate Fund partner to develop renewables in Africa

The African development bank (AFDB) and the Green Climate Fund (GCF) have entered what is described in a press release by the AFDB as a “full-scale” partnership, with the long-term goal of unlocking Africa’s renewable energies potential.

Bahrain’s run to sun begins with 255 MW plan

The new plan was announced by the government of the small country island at STEEB 2017, its first ever solar event that is currently taking place in Manama.

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Risen Energy wins contract for 3.9 MW PV project in Cuba

Chinese module manufacturer Risen Energy announced that it has won the bidding to assist Cuba in the construction of a 3.9 MW PV project.

Intraco Solar Power signs contracts for 30 MW PV plant in Bangladesh

Bangladesh based company Intraco Solar Power has signed a a 20-year PPA and construction agreement with two government agencies, for the development of a 30 MW PV power plant to be located on the outskirts of the city of Rangpur.

Haitian energy entrepreneurs call for investment security

At an international PV conference held in the Haitian capital Port-au-Prince, companies were demanding improvements to the political framework for the development of solar power in the country. Additionally, calls were made for low interest loans for private individuals, to cover initial investment in a PV system.

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Israel’s Energiya Global to build Liberia’s first 10 MW plant; invest $1 billion to African PV

Liberia’s president has inked a deal with Israel’s Energiya Global that will see the Israeli company developing the African country’s first ever solar plant, a 10 MW PV facility. However, Energiya Global has even greater plans in Africa.

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Penn State researchers develop low-cost solar cell

A research team at Penn State University has developed solar cells of up to 17% efficiency using a simplified concept requiring only one semiconductor material. Thanks to their potential for low-cost production, the researchers theorize that the cells could be used to provide power to energy poor communities the world over.

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Symbior Solar, Paragon awarded 10 MW project

The two companies have pledged to bring online one of a few large-scale solar PV plants in Bangladesh.

Scaling Solar update: Senegal, Madagascar, Ethiopia and Zambia tenders

The International Finance Corporation (IFC) updated the World Future Energy Summit (WFES) last week about solar PV developments in Africa through the IFC’s Scaling Solar program.

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