pv magazine’s Amjad Khashman has spoken to Chinese solar developer Jinko Power about negotiating the world record low price tariff agreed for electricity generated at the Al Dhafra solar project in Abu Dhabi.
Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.
China’s slowdown in installations last year was more than made up for by expansion elsewhere, according to IHS Markit. The news comes amid increasing market fragmentation – with the biggest engineering, procurement and construction business boasting less than 3% market share – and internationalization, with almost half of the top 15 companies operating across more than one region.
Marubeni has revealed plans to halve its 3 GW global coal-fired power portfolio by 2030, and double its holdings of renewable energy within the next five years.
The Zahid Group has invested an undisclosed amount in Germany-based Greencells. A key focus for the latter will now be hybrid systems in the APAC and African regions. An update on the 1.2 GW Sweihan solar project in Abu Dhabi was also given.
Chinese module manufacturer JinkoSolar announced the completion of financial negotiations for the 1.17 GW solar project to be built in Abu Dhabi. The project will be financed with $870 million and is expected to begin commercial operation in April 2019.
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