EDF-led consortium wins Moroccan tender for 800 MW CSP-PV project with price of $0.070/kWh
The grouping, which includes UAE-based Masdar and Moroccan independent power producer Green of Africa, is planning to begin construction this year. The project is among those realized by the Moroccan Agency for Sustainable Energy, as part of the Noor Solar Plan to develop a minimum 2 GW of capacity by next year.
ACWA triumphs again in Middle Eastern tendering exercise
With no details reported on the final electricity price agreed for a 500 MW solar project to be built in Oman, speculation will center on whether the victorious Saudi power company and its Kuwaiti partners have again trumped lower offers from overseas rivals.
Abu Dhabi’s Masdar vies for stake in Indian developer Hero Future
State-owned Masdar Clean Energy is in talks to acquire a 30-35% stake in Hero Future Energies. With the stake sale, the renewable energy arm of Hero Group expects to raise $300-350 million for its expansion into global markets, according to reports.
Cepsa and Masdar ink agreement for 600 MW of renewables in Iberia
The energy companies have signed a partnership agreement to expand their portfolios on the Iberian peninsula. Spain and Portugal have ambitious decarbonization plans requiring large capacities of renewable energy resources in the years to come. Spain’s PV market could reach 6 GW this year.
Abu Dhabi developer pledges to double renewables generation capacity to 8 GW within five years
The CEO of Masdar has reportedly told Reuters of his company’s ambition and said it would partly be achieved by developing projects in new territories.
Masdar, EDF sign MOU to develop sub-Saharan Africa’s off-grid sector
A Memorandum of Understanding (MOU) has been signed by Masdar, the Abu Dhabi Future Energy Company, and EDF SA, the parent company of the EDF Group, to develop off-grid projects in sub-Saharan African countries.
Taaleri buys 30% stake in 200 MW Jordan solar project
The Finnish financial services provider will also participate in the construction of the solar park alongside the majority shareholder, UAE-based solar developer, Masdar.
Masdar to build 200 MW floating PV array in Indonesia
Abu Dhabi-based clean energy group Masdar has signed a project development agreement with a unit of Indonesian state utility PT PLN to build a 200 MW floating solar plant.
EDF joins consortium building phase III of Dubai’s 1 GW solar plant
The French power utility will join forces with a consortium led by Abu Dhabi-based developer Masdar to build the third 800 MW phase of the largest PV project in the UAE.
Financing solar in the developing world: what are the struggles?
Solar has started playing an important role in the developing world, but the pace of investment needs to step up. Is there enough financing for projects in the developing markets and if not, what needs to be done?
