A 2 MW facility is being planned by French developer Neoen at a depleted mining site in southern France. Despite the unquestionable value of bringing solar to an area contaminated with radioactive waste, the field still requires more action to secure the safety of its surrounding areas.
The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.
A loan of $64 million was awarded by French development bank Proparco and Dutch peer FMO. The facility will deliver electricity to the Jamaica Public Service Company Limited at a price of $85/MWh over 20 years.
French firm Neoen has begun development on a hydrogen electrolyser to be colocated alongside a 150 MW wind project and 150 MW solar farm. The project has been awarded a grant of AU$1 million by the South Australian Renewable Technology fund, with more funding yet to be approved.
Acting on the behalf of its investors, the German asset manager has come into possession of four solar PV projects in Portugal, the names of which have not been disclosed. Meanwhile, Germany’s HSH Nordbank has successfully penetrated the Portuguese market with the refinancing of two solar plants.
The Department of Planning and Environment in New South Wales (NSW), Australia, has given the green light to build 275 MW of solar capacity at four locations throughout the state.
The price of electricity for the upcoming quarter will be reduced by 3.09% thanks to more production from hydro and the connection to the grid of 60 MW of solar.
The installation will be paired with a wind farm in South Australia. At 129 MWh, it will become the world’s largest lithium-ion battery projects, and is being developed in conjunction with French renewable energy firm Neoen.
Having collaborated on the 300 MW Cestas project, the two French firms team up again to deliver 1,500 v central inverter, transformer, monitoring and medium voltage switchgear solutions to solar projects across three continents.
The project consists of a 76 MW unit selected in an energy auction, and a 25 MW section selling power to a local power distributor.
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