Energy of Cameroon wants to build two solar parks to improve power supply in the country’s northern regions. The projects will be developed by a consortium led by Norwegian solar company Scatec.
A consortium led by Metito Utilities, JinkoPower and Al Jomaih Energy and Water has won a tender to build a 45-55 MW grid-tied solar plant with a bid of $0.0749/kWh — the lowest ever seen in Bangladesh.
The IPP released its latest financial figures and leadership says that with growth across all business units, Q2 2019 is its best quarter ever.
With the project, the Norwegian developer has 282 MW under construction and project backlog of 123 MW in Ukraine. The 55 MW Chigirin project will benefit from the generous feed-in tariffs which have secured membership of the gigawatt club for the eastern European nation.
It is not just the big beasts of Chinese solar that are investing in aggressive expansion as high-efficiency wafer maker NorSun and tracker supplier GameChange Solar make big announcements. The New York company, however, may fall foul of President Trump’s America First trade mantra by opening production lines in the Far East.
Boasting 195 MW of bifacial-and-tracking capacity, Scatec Solar is halfway to its planned 400 MW target for the technology combination at the 1.8 GW Benban park. The remainder is likely to come online this year.
A unit of the Japanese electronics group has finished building a 49 MW solar array in Quang Ngai province, in collaboration with Thailand’s Sermsang Power.
The Ukrainian market has emerged as rather fertile ground for project developers over the last two years, as a newly enacted law has eased uncertainty over the market’s future, with a quota-based auction system set to replace the country’s generous feed-in tariff scheme in 2020.
Scatec Solar has connected the next part of its 400 MW tracking and bifacial PV plant to the grid in Egypt’s Benban complex. The entire project is set to fully come online throughout the second half of the year. Meanwhile, the company has also secured additional funding for a 33 MW solar project in Mali.
A group led by the Singapore-based lender has revealed plans to finance a 30 MW solar project in northwestern Peninsular Malaysia. The companies did not disclose additional details about the financing package.
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