The International Finance Corporation (IFC) has announced that it has arranged a financing package of up to US$188 million for the 200 MW Baynouna plant, the largest solar photovoltaic (PV) power plant in Jordan to date.
ACWA Power has reached financial close of the three solar photovoltaic projects, located in the south of Egypt, with an aggregate capacity of 165.5MWp. The total cost of the projects is US$190 million.
DIF has completed the refinancing of a portfolio of three operational, ground-mounted solar photovoltaic projects located in Ontario, Canada.
In November 2017, solar tender and auction activity in India plummeted. In response, the Ministry of New and Renewable Energy set out plans to tender 3 GW of solar projects in January 2018. Despite the bold scale of the plans, the ministry seems to be keeping its word.
French renewable energy provider Neoen has obtained financing for the construction of a global 1.6 GW renewable energy portfolio, through issuing a junior green bond with a total value of EUR245 million (US$293 million). The bonds have been subscribed by AMP Capital, through its Infrastructure Debt Fund III (IDF III).
Canadian Solar has announced that its wholly-owned subsidiary, CSI New Energy Holding Co., Ltd. has completed the sale of three solar power plants in China to Shenzhen Energy Nanjing Holding Co., Ltd., a subsidiary of Shenzhen Energy Group Co., Ltd. The plants have a total capacity of 44.3 MWp.
The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, Industry and Mineral Resources in Saudi Arabia has shortlisted two bids to develop a 300MW solar photovoltaic plant in Sakaka, Al Jouf. This is the first competitively tendered utility-scale solar project in the country.
Orange Renewable, a unit of AT Capital Group, is in talks to sell part of its portfolio to Hero Future Energies.
Canadian Solar has announced that the Oakey 2 solar farm in Queensland, Australia has reached financial close with the Clean Energy Finance Corporation (CEFC) for a facility commitment of approximately AUD55 million (US$42.8 million).
EDP Renováveis, S.A. (EDPR), through its fully owned subsidiary EDP Renewables North America LLC, has completed two tax equity financing deals in exchange for interests in four wind and three solar projects in the USA. The total financing amounts to US$507 million.
Oman Power and Water Procurement Company (OPWP), a member of Nama Group, has released a Request For Qualifications for a 500 MW solar photovoltaic (PV) plant. This is the first large utility scale solar photovoltaic independent power project to be developed in Oman.
ENGIE and Crédit Agricole Assurances have signed a new agreement to acquire nearly 500 MW of on-shore wind and solar power plants by the end of 2018 through their joint venture FEIH (Futures Energies Investissements Holding).
Financing has been agreed for a 47.5 MW solar farm in Zambia, setting a new benchmark for low-cost solar power in sub-Saharan Africa.
The European Investment Bank (EIB) will provide US$150 million to the renewable energy production company Enel Green Power Peru, a local subsidiary of the Enel group, for the construction and operation of a wind farm and a photovoltaic solar plant currently under construction in the Andean country.
The General Directorate for Energy and the Climate (DGEC) in France, which is part of the Ministry of Ecology, Sustainable Development, has revealed that it is going to hold joint auction for wind and solar power projects in the near future. DGEC are looking to allocate around 200 MW of renewable energy capacity in lots not exceeding 18 MW in size
Lightsource and BP have announced that they have agreed to form a strategic partnership. Lightsource, Europe’s largest solar development company, will be rebranded as Lightsource BP.
Karnataka Renewable Energy Development Ltd (KREDL) is inviting Requests for Proposals for 860 MW of solar projects, to be allocated across 43 selected taluks, regional subdivisions of Indian states.
Constant Energy consortium has won a solar PV power plant in Malaysia Government tender with grid parity bid. The project consist of constructing and operating a large-scale solar photovoltaic power project in the Sabah region of Malaysia with a total generation capacity of approximately 7.5 MW under a 21-year PPA. The award was made under the second round of the Malaysian Government Large Scale Solar PV program.
Connor, Clark & Lunn Infrastructure has announced the closing of two separate bond financings with a total of approximately CAD359 million (US$279.3 million) for the 50 MW Windsor Solar Project and the 50 MW Southgate Solar Project.
Over the period of 2020 to 2035, the EDF Group – through its subsidiary EDF Energies Nouvelles – intends to develop and build solar plants in France with a total 30 GW of installed capacity.