The Norwegian PV developer was allocated three of the five projects available in the procurement exercise, having reportedly offered to accept $0.025/kWh from utility Société Tunisienne de l’Electricité et du Gaz for the clean power produced by the largest, 200 MW slice of generation capacity available.
The regulator received 26 proposals overall for a project intended to make the kingdom less dependent on power imports from troubled South African utility Eskom.
Canadian Solar, Acciona, Enel, EDF, Solarpack and Trina are among the contenders to develop large scale renewables projects. Some 26 power distributors are participating in the procurement as buyers.
Mercom Capital’s latest report on financial activity in the solar sector illustrates an increasing flow of capital towards downstream companies and PV projects – as well as a split between China and the rest of the world.
Upon completion of the transaction, the French national development bank and the asset manager will hold a 24% joint stake in GreenYellow. Funds will be used to help the Groupe Casino subsidiary accelerate its development phase.
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