EkoRE plans 1 GW vertically integrated PV factory in Turkey
The Turkish solar company is planning to set up the manufacturing facility in the Bor Organized Industrial Zone (OIZ) of Niğde, in Central Anatolia. After the project was accepted under a special incentive program by the Turkish government this week, EkoRE is now seeking investors.
Romania’s PV capacity grew by only 3 MW in 2017
The Romanian solar PV market has ground to a halt, following the expiration of the green certificate scheme for large-scale renewables. New provisions for net metering and distributed generation, however, may come into force soon.
Latest 200 MW Jordan solar tender attracts 16 technical bids
Companies and consortia from China, Europe, and domestically have lodged technical and financial offers to build four 50 MW solar plants in Jordan’s Maan Development Zone, the government reveals.
Egypt seeks to define new auction mechanism for solar and wind
The European Bank for Reconstruction and Development (EBRD), which is now assisting the Egyptian Electricity Transmission Company (EETC) for the tendering of two solar PV projects, is seeking consultants to help the country’s transition from FITs to auctions.
Jinko secures financing for 100 MW project in Mexico
Milbank, Tweed, Hadley & McCloy LLP has advised lenders in relation to two independent renewable energy projects in Mexico and the Dominican Republic, respectively. These projects are in addition to the recent renewable energy loans that were closed in Argentina, Chile and El Salvador.
Wind has no chance against PV in Germany’s mixed wind-solar auction
32 to 0 for solar PV – that’s the result of the first technology-neutral tender. The average final price of €0.0467 per kWh was slightly above the solar-only-tender held in February.
Portugal: Renewables are driving down electricity prices
In March alone, renewable energies covered 103.6% of the country’s total power consumption, a performance which was mainly driven by wind and hydropower. As a result, the average power price on the daily spot market dropped year-on-year, from €43.94/MWh to €39.75/MWh.
Copenhagen Infrastructure Partners raises €3.5 billion for renewables
The Danish investment firm will use the funds to finance wind, solar, biomass and geothermal projects across several markets. The final close of the fund exceeded its end goal by €500 million.
EBRD helps Morocco assess its renewable energy injection capacity
The international financial institution is assisting the grid operator of the Northern African country, ONEE, in evaluating the current capacity of its very high voltage (VH) and high voltage (HV) networks to absorb additional power from renewables.
Belgium: Flemish government to improve conditions for “direct lines” for renewables
Flanders’ Ministry of Energy intends to make it easier for renewable energy suppliers to sell power to a final customer through a direct connection. This is expected to encourage industrial customers and public entities to increase consumption from clean energy sources.
