ACWA Power gets financing to deploy 165.5 MW at Egypt’s Benban solar complex
The Saudi energy company will build three solar facilities under Round 2 of the country’s FIT program.
Eni and Sonatrach to develop more solar projects in Algeria
The two oil and gas companies, which started the construction of their first PV project in May, are now identifying sites at Sonatrach’s facilities in Algeria, with the aim of building more large-scale solar power plants.
Egypt issues tender for 600 MW of solar
The tender is the first to be issued under the new auction mechanism, which has replaced the FIT scheme for large-scale solar.
$265 million earmarked for 800 MW Moroccan solar project
The African Development Bank has committed US$265 million to the development of two solar power plants in Morocco with a total capacity of 800 MW.
Tunisia’s power utility STEG plans another 10 MW solar park
The recently tendered project will be financed by German development bank, KFW and will be located in Tozeur, where STEG is now building its first PV plant.
Apis Partners provides Greenlight Planet with $60 million in funds
The U.S.-based off-grid specialist will use these financial resources to expand its business in Asia and Africa.
ABB supplies inverters for 20 MW project in southern Egypt
The plant was installed in an area of Egypt’s Western Desert that is devoted to a governmental project to transform half a million acres of desert into arable land.
European PV market expected to grow by 35% in 2018 – GTM Research
European countries such as France, Germany, the Netherlands and Spain are all forecast to be gigawatt-scale markets in 2018. Globally, around 606 GW of new PV capacity is forecast to be installed between 2017 and 2022.
Egypt’s PV net metering set to bear fruit
Egypt’s feed-in tariff scheme expired in October, however recent regulatory updates on the net metering scheme are set to bear fruit for solar PV in Egypt. pv magazine explores the new policy and business landscape.
German Development Bank sets up €33 million credit facility to support renewables in Africa
The facility is planned to improve liquidity of developers of renewable energy projects up to 50 MW across Africa.
