Five commercial offtakers for $33m Jordanian solar portfolio
Telecomms, retail and garment manufacturing businesses have signed up to consume the electricity to be generated by eight solar projects in Jordan which will harness grid infrastructure to transfer an estimated 81 GWh of clean power annually.
World Bank lends $200m for South African renewables
The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019.
World Bank allocates $50m credit for commercial solar panels in Brazil
The finance is being made available through Santander Brasil as part of an $8 billion global response to Covid-19.
Fiji plans ‘Pacific’s largest solar project’
The island nation has agreed a deal with the World Bank’s International Finance Corporation to develop at least 15 MW of generation capacity in a US$15 million project.
Multilateral lenders finance Armenia’s biggest PV plant
It has been two years since Fotowatio Renewable Ventures won the bid to develop the 55 MW site and with finance finally secured, the build can go ahead.
Uzbekistan launches 400 MW solar tender
The central Asian nation and the International Finance Corporation are seeking proposals for two 200 MW solar parks planned in the Samarkand and Jizzakh regions. The projects will be awarded 25-year power purchase agreements.
Solar is gaining traction in MENA region – but plenty of obstacles remain
Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.
IFC to help Bangladesh with public-private solar partnerships
The lender’s private sector arm will help formulate a tendering process to identify the best suited partners for the development of PV projects in Bangladesh.
Côte d’Ivoire gets World Bank support for 60 MW of solar
The African country has joined the World Bank’s Scaling Solar Program. Two PV plants will be located in Touba and Laboa, in the northeast of the country.
French Development Agency helps Mozambique build 80 MW of solar capacity
Two PV plants are set to be built under the Project for Promotion of Auctions for Renewable Energies program, being implemented with the support of Mozambican utility Electricidade de Mocambique, which is likely to be the future off-taker of the solar energy generated.
