Attijari bank finances Tunisia’s solar rebate program with $73 million
The funds will be used by local state-owned utility STEG to support the deployment of 85 MW of new residential PV capacity across the Northern African country.
AfDB and Green Climate Fund partner to develop renewables in Africa
The African development bank (AFDB) and the Green Climate Fund (GCF) have entered what is described in a press release by the AFDB as a “full-scale” partnership, with the long-term goal of unlocking Africa’s renewable energies potential.
EDF partners with Elsewedy Electric on 100 MW of solar in Egypt
The renewable energy arm of the French utility and the Egyptian manufacturing company will build the PV facility at the Benban solar company.
400 MW PV project in Egypt reaches financial close
Norwegian project developer Scatec Solar has announced financial close on six projects totaling 400 MW, to be built as part of the enormous 1.8 GW Benban Solar Park located in upper Egypt.
Sun Exchange raises $1.6 million
The U.S.-based peer-to-peer solar equipment leasing marketplace Sun Exchange will use the funds for its pipeline of commercial-scale solar power projects.
EBRD and IFC backing 1.4 GW of Egyptian solar projects
The European Bank of Reconstruction and Development has identified 16 new solar projects in Egypt with a cumulative capacity of 750 MW to receive financing, while International Finance Corp will support development of a further 13 solar parks.
Acciona to deploy 150 MW at Egypt’s Benban solar complex
The Spanish company will build three PV plants in a 50/50 joint venture with Saudi developer Swicorp. The facilities will sell power to local utility EETC under a 25-year PPA.
Interview: the next decade belongs to Africa
Dr. Sam Duby, Africa Director for TFE Consulting, sat down with PV Magazine to discuss insights from TFE’s new report “Kenya: The World’s Microgrid Lab”, the importance of on-the-ground experience in energy access projects, and how tech and social innovation in Africa will be the headline of the next decade.
Algeria: Oran’s new airport to be powered by 1.4 MW of rooftop PV
The project will be developed by local renewable energy developer Soliwind. Around 30% of the energy needs of the airport will be covered by the power output of the PV system.
GE to build 50 MW solar PV plant in Egypt
In what comes as the company’s first turnkey solar contract, GE Power Conversion is expected to build a 50 MW PV plant in Egypt.
