World Bank allocates $50m credit for commercial solar panels in Brazil
The finance is being made available through Santander Brasil as part of an $8 billion global response to Covid-19.
Fiji plans ‘Pacific’s largest solar project’
The island nation has agreed a deal with the World Bank’s International Finance Corporation to develop at least 15 MW of generation capacity in a US$15 million project.
Off-grid solar funding concentrated in just three companies
With a previous 50-50 split between equity and debt investment funding for the off-grid market lurching to 84% borrowing, and commentators stating most of this year’s backing was agreed before the onset of Covid-19, fears are mounting about the prospects for the sector.
Tender for 32 MW solar project subcontractors in Chad
The planned power plant marks the first phase of a 60 MW scheme 30km north of the capital, N’Djamena. The overall project is being developed by UK-based Private Infrastructure Development Group and French company Smart Energies International.
Uzbekistan launches 400 MW solar tender
The central Asian nation and the International Finance Corporation are seeking proposals for two 200 MW solar parks planned in the Samarkand and Jizzakh regions. The projects will be awarded 25-year power purchase agreements.
Solar is gaining traction in MENA region – but plenty of obstacles remain
Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.
IFC to help Bangladesh with public-private solar partnerships
The lender’s private sector arm will help formulate a tendering process to identify the best suited partners for the development of PV projects in Bangladesh.
Côte d’Ivoire gets World Bank support for 60 MW of solar
The African country has joined the World Bank’s Scaling Solar Program. Two PV plants will be located in Touba and Laboa, in the northeast of the country.
French Development Agency helps Mozambique build 80 MW of solar capacity
Two PV plants are set to be built under the Project for Promotion of Auctions for Renewable Energies program, being implemented with the support of Mozambican utility Electricidade de Mocambique, which is likely to be the future off-taker of the solar energy generated.
Kosovo preps 50 MW solar tender
The Balkan nation is planning a tender for 50 MW of utility scale solar capacity on a public-private partnership basis with help from the International Finance Corporation. The World Bank’s private finance arm is procuring a technical, environmental and social consulting firm to advise on the project.
