The European Bank for Reconstruction and Development will contribute up to $100 million to support 150 MW of solar capacity, plus 53 MW of wind.
The central Asian nation went from 4 MW of grid-connected solar to 104 MW in just 12 months and Total Eren’s latest announcement indicates an ambitious national goal of adding 12 GW of renewables this decade may not be so fanciful.
The Lebanese government has approved 11 licenses for 165 MW of PV capacity. The licenses are part of a 180 MW solar tender that the country initiated in January 2017.
The London-based international lender has provided finance for the “up to 286 MW” project alongside Poland’s two biggest retail banks.
Lack of locally-denominated finance, and of sufficiently long-term loans, are well established hurdles to the development of photovoltaics in Africa.
The ILX pension fund investor set up with the backing of German, Dutch and British public money has committed to join the EBRD in providing the finance for climate-related investment across the lender’s sphere of influence.
The London-based development institution will offer up a loan and grant to fund the construction of five solar plants at municipal sites across Gaziantep, as part of the lender’s Green City program.
With Australia prepping plans for vast green hydrogen and ammonia production facilities, two of the country’s state governments are trying to drum up the end-user market as agreements are signed to drive use of the gas in Ukraine and Poland.
Developer Terna Energy claims the Amphilochia pumped hydroelectric energy storage project has entered the final stretch. If built, the large scale facility can boost Greece’s independence from fossil fuels and the government’s strategy for a coal-free electricity system by 2025.
The London-based development finance provider has made more than €50 million available for sustainable investment across three separate credit lines recently.
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