The African property developer has completed a 1 MW rooftop PV array at an industrial park in Nairobi. The installation is its first solar project in Kenya and part of a planned 30 MW rollout at Tatu City, its new mixed-use development in the capital.
The Malaysian oil and gas group has purchased solar developer Amplus Energy Solutions from infrastructure investor I Squared Capital. No financial terms of the deal have been disclosed.
Solar and wind could account for three-fifths of electricity generation in 2050, with more than 14.5 TW of installed power. Lumped together, renewables are expected to reach a power generation capacity of around 20 TW.
The Dutch banking group will serve as sole mandated lead arranger for the S$50 million ($36.98 million) loan. A unit of Singapore-based developer Sunseap will use the funds to build a 50 MW portfolio of rooftop PV projects.
New global PV additions reached 94.2 GW in 2018, according to the International Renewable Energy Agency (IRENA). Asia is the region with the largest share of cumulative PV capacity, with around 274.6 GW, followed by Europe and North America with 119.3 GW and 55.3 GW, respectively.
The New Development Bank has agreed to offer a $180 million loan with sovereign guarantee to Eskom. The utility, which is based just outside of Johannesburg, plans to build new infrastructure to integrate 670 MW of unspecified renewables into the South African grid.
The board of the multilateral development finance institution has approved a $20 million facility to back the deployment of renewables-based minigrid projects in the Democratic Republic of Congo.
The European Bank for Reconstruction and Development (EBRD) has issued an open call to hire a consulting firm to help the government of Azerbaijan to design and launch auctions for renewable energy.
The International Renewable Energy Agency (IRENA) and the Global Green Growth Institute (GGGI) have agreed to collaborate on the promotion of renewable energy sources such as solar.
The Asian Development Bank (ADB) and Leading Asia’s Private Infrastructure Fund (LEAP) have agreed to provide an $18.7 million loan to support the development of a 15 MW solar project in Mongolia.
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