The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.
The project was awarded in a power auction held by the Peruvian government in 2016
The joint venture between Enel Green Power (EGP) and F2i SGR currently owns and operates around 400 MW of solar PV assets across Italy.
The $110 million project is expected to generate 220 GWh per year.
State Power Investment Corporation (SPIC) and GCL New Energy have taken the top spots for installed capacity, but Canadian Solar and First Solar are showing impressive pipelines.
The Villanueva III projects, part of the 754 MW Villanueva complex, has started to inject power to the Mexican grid nine months ahead of schedule. Part of the solar park is still under construction by Italian energy company Enel.
The most recent contracts, which still need to be approved by California regulators, are part of a state-mandated goal of adding 580 MW of storage by 2020.
The Estrella Solar project will be completed in June 2018 and will be realized thanks to an investment of US$8 million.
The bid was submitted by Enel Generación Chile, a subsidiary of Italian energy giant Enel. The second lowest bid was presented by GPG Solar Chile, a unit of Spanish company Gas Natural Fenosa. At the auction, 2,200 GWh will be allocated, successful bids will be publicly announced on November 3rd.
Meyer Burger has signed a deal to supply 200 MW of bifacial heterojunction (HJT) solar production equipment to an undisclosed Italian PV manufacturer, in a deal valued at roughly CHF 45 million ($45.4 million).
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