US renewables investment bank targeting 4 GW by year-end
Catalina Energy Capital says it is now on track to advise on more than 4 GW of solar and storage assets by the end of 2024.
ADB finances 20 MW solar plant in Bangladesh
Muktagacha Solartech Energy Ltd. has agreed to build and operate a 20 MW solar project in Bangladesh, following the signing of a $24.3 million investment package from the Asian Development Bank (ADB).
African solar looks beyond donor nations for investment
Multilateral organizations the World Bank and African Development Bank (AfDB) have played a key role in the development of African solar and want to attract more private capital to a continent with at least 40% of the world’s solar irradiation but currently only 1% of its PV generation capacity.
Masdar acquires 70% stake in Terna Energy
Abu Dhabi-based Masdar has taken a majority stake in Greek renewable energy company Terna Energy, with plans to launch an all-cash mandatory tender offer to acquire the outstanding shares.
Jordan’s solar panel, water heater subsidy scheme backed by banks
Cairo Amman Bank and Jordan Islamic Bank have signed joint cooperation agreements with Jordan’s Ministry of Energy and Mineral Resources to support the 2024/2025 phase of the country’s subsidy scheme for residential solar panels and solar water heaters. The scheme covers 30% of the cost of installations.
Germany commits €24 billion to build national hydrogen network
KfW Development Bank has offered €24 billion ($25.2 billion) grant to bridge the gap between network operators’ high investment costs and the initially low revenues from network charges.
LCOE not correct optimization parameter of PV plants, say researchers
New research from Italy shows the importance of considering power plant dispatchability in PV project planning. The scientists claim assessing a project’s levelized cost of energy could be misleading, especially with variable and sometimes negative electricity prices.
Funding secured for 237.6 MW merchant solar plant in Bulgaria
Up to €103 million ($107.2 million), from the European Bank for Reconstruction and Development and Raiffeisen Bank International, will support the development of a fully-merchant, 237.6 MW solar project in southeastern Bulgaria.
The Hydrogen Stream: EU offers financial support for renewable H2 auction
The European Commission, Austria, Lithuania, and Spain have announced new financial support measures for renewable hydrogen development as the European Union prepares for the second European Hydrogen Bank auction.
ADB to provide $160 million to finance 760 MW of solar in Azerbaijan
The Asian Development Bank (ADB) has agreed on a $160 million financing package for two solar projects in southeastern Azerbaijan, totaling 760 MW. Abu Dhabi-based Masdar is co-developing the project with a subsidiary of State Oil Company of Azerbaijan (Socar).
