Sustainable intentions come together in the signing of a green loan to fund ongoing development of FRV’s Sebastopol Solar Farm, which lender ING says contributes towards its ‘ambition to align our lending portfolio with the Paris Agreement goals.’
It has been two years since Fotowatio Renewable Ventures won the bid to develop the 55 MW site and with finance finally secured, the build can go ahead.
The Abu Dhabi-based clean energy group has entered into a formal agreement with an investment fund to develop 400 MW of PV capacity in Armenia, with a projected investment of up to $320 million.
The Armenian solar market has been somewhat slow to take off, but it could be experiencing a serious push, following an announcement that Abu Dhabi-based energy company Masdar plans to deploy 500 MW of solar and wind capacity in the country.
The Saudi-owned developer has announced an ambition to have installed 5.8 GW of renewables capacity by 2024 and took a small step in that direction with its 66.7 MW Al Safawi Solar Plant.
The Spanish company has delivered system components — including 1,500 V (DC) central inverters — to Fotowatio Renewable Ventures, as part of a turnkey deal for a solar array in Clare, Queensland.
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