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KfW

Morocco issues 200 MW PV tender

Through the procurement, now at the pre-qualification stage, Moroccan state-owned utility ONE aims to build seven large-scale PV plants in the south and east of the country. German development bank KfW is a partner in the project.

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1.4 GW NordLink interconnector receives €100 million EIB hybrid securities purchase

The project connecting Germany and Norway was first conceived in 2015. The 624 km undersea cable will have a capacity of 1.4 GW, when operational in 2020. The EU is supporting the project and other grid infrastructure projects through its EFSI scheme to interconnect the European energy markets, for better renewable energy integration and improved security of supply.

Germany prevents China from joining 50Hertz

The Chinese state-owned State Grid Corporation of China has been attempting to acquire a 20% stake in German transmission system operator, 50Hertz for some time now. After the intervention of Germany’s Federal Government, however, this share will now go to domestic development bank, KfW.

German Development Bank granted incentives to 6,900 residential solar-plus-storage systems in 2017

Approved incentive applications reached a volume of approximately €123 million. At the turn of the year, however, the rebate granted by the German Government dropped from 13% to 10%.

Brazil: BNDES and KFW launch $142.7 million credit facility for solar, renewables

The development banks of Brazil and Germany will jointly support, among other things, solar, wind, mini-hydro and biomass power projetcs.

German Development Bank sets up €33 million credit facility to support renewables in Africa

The facility is planned to improve liquidity of developers of renewable energy projects up to 50 MW across Africa.

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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.

Zambia receives $34.8 Million from German KfW

The funding is to be used to implement a Renewable Energy Feed-in Tariff (REFiT)-Strategy. Zambia aims to attract investors to overcome the energy crisis and to generate power sustainably.

Germany’s KfW granted incentives to 3,200 solar storage projects so far this year

The German development bank reports robust demand for storages systems combined with PV power generators. Starting from July 1, the repayment subsidy will drop from 19% to 16%.

German development bank restarts subsidy for PV + storage

Kreditanstalt für Wiederaufbau (KfW), the development bank owned by the German government, today announced that it will restart subsidy payments for PV + storage applications within Germany.

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