EBRD to finance 120 MW of solar in Tunisia
The European Bank for Reconstruction and Development (EBRD) has approved a €12.5 million ($13.7 million) loan to finance the construction of two 60 MW solar power plants in Tozeur and Sidi Bouzid, Tunisia. The projects, developed by Scatec and Aeolus, will enhance energy security and support Tunisia’s green transition.
Weekend Read. COP: A solar flop?
Tripling clean energy generation capacity to 11 TW by 2030 was a leading pledge from the United Nations’ (UN) climate change conference in Dubai. With few details about infrastructure and energy storage and no clear PV targets, however, it is hard to judge the effectiveness of the 28th global Conference of the Parties (COP) meeting. Angela Skujins considers possible impacts for the solar industry.
AfDB announces cheap loans to back off-grid solar in Africa
The African Development Bank has announced that European and US donors will provide $20 million of concessional loans to support pay-as-you-go solar companies in sub-Saharan Africa.
Five commercial offtakers for $33m Jordanian solar portfolio
Telecomms, retail and garment manufacturing businesses have signed up to consume the electricity to be generated by eight solar projects in Jordan which will harness grid infrastructure to transfer an estimated 81 GWh of clean power annually.
Tonga breaks ground on its first off-grid solar array
The solar PV system is part of a 1.25 MW portfolio, where power will be sold to the island’s villagers through pre-paid net metering. The Asian Development Bank, with the help of other institutions, is supporting the deployment of solar on the Pacific Ocean’s small island nations.
African Development Bank sets up $500m facility for sub-Saharan small scale renewables
The new credit lines are for the development of on and off-grid renewable energy projects. The European Commission is offering the fund a €40 million helping hand.
More developers approved for Egyptian small scale PV program
National scheme reportedly aims to drive installation in segments including residential and commercial and industrial facilities.
Global Environment Facility along with ADB will provide $454 million funding to EESL clean energy projects
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
