AIIB provides $210 million in funds for 490 MW of solar in Egypt
The bank is granting long-term debt financing for the construction of 11 solar plants.
Global solar potential is highly underestimated, study shows
PV can reach a share of 30% to 50% in the global power production by 2050, according to a study conducted by Mercator Research Institute on Global Commons and Climate Change.
Egypt: First project contracts signed under EBRD framework
The European Bank for Reconstruction and Development (EBRD) today announced the completion of financing for two 50 MW PV projects, to be built as part of the 1.8 GW Benban Solar complex in Egypt’s Aswan province.
Acwa Power secures PPAs for 165.5 MW of solar in Egypt
The Saudi Arabian power group will build three solar plants at the Benban solar complex, where most of the projects developed under Egypt’s FIT scheme are being constructed.
Ingeteam to supply 170 MW of inverters to three Moroccan projects
The Spanish inverter specialist will ship its 35 of its centralized Inverter Stations to the three sites over the course of this year, the company has confirmed.
World Bank approves $660 million fund for 500 MW of projects at Benban solar complex in Egypt
The funds will be used to support the construction of 11 solar plants with a combined capacity of 500 MW.
Algeria’s 4 GW solar tender delayed, again
The country’s new minister for renewable energy said that a special committee for the tender will be now established, and that the results of the review will be published together with her new action plan for renewables.
Morocco secures $25 million loan for a NOOR hybrid solar project
As part of the NOOR multi-site and multi-technology solar power project, a hybrid CSP-PV system, whose total capacity is expected to reach 600-800 MW, has secured $25 million in funding from the Climate Investment Funds’ Clean Technology Fund.
German Development Bank finances 10 MW solar project in Tunisia
The solar facility will be built by Italian PV developer Ternienergia in the south of the country.
African Development Bank considering $18 million loan for 50 MW PV project in Egypt
The Alcazar II solar project is being developed in the 1.8 GW Benban solar complex by UAE-based Alcazar Energy.
