EDF Group, via its subsidiary EDF Energies Nouvelles has joined the Masdar-led consortium developing the 800 MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
Egyptian-based company Infinity Solar S.A.E. and German-based companies ib vogt GmbH and Solizer GmbH & Co. KG have announced the successful closure of a 64.1 MWp solar power plant project in Benban, Aswan, Egypt by the Infinity 50 consortium of which they are members.
A joint venture formed by Kalyon Enerji and Hanwha Q CELLS won the tender to build a 1 GW solar photovoltaic (PV) plant in the Karapınar region in Turkey on March 20th,2017.
DIF and its co-shareholders Caisse des Dépôts and Solairedirect complete refinancing of a 34 MWp ground-mounted solar PV portfolio.
Sunnova Energy Corporation, a residential solar service provider in the U.S., has announced it has obtained US$80 million in tax equity funding commitments from U.S. Bancorp Community Development Corporation (USBCDC) which will enable the development of new residential solar projects with a total value of more than US$200 million.
Fotowatio Renewable Ventures, a global utility-scale solar developer, has signed an agreement with Invenergy, a privately-held company that develops, owns and operates utility-scale renewable energy projects and storage facilities, for the sale of the 65 MW La Jacinta solar plant in Uruguay, one of the largest photovoltaic projects in Latin America.
The African Development Bank (AfDB) Board of Directors has approved a senior concessional loan of US$25 million to fund the Segou Solar PV Project, Mali’s first utility-scale solar photovoltaic (PV) power plant.
Saudi Electricity Company (SEC) has canceled the tender process for two photovoltaic solar projects just prior to submission date.
Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
TerraForm Power, Inc., an owner and operator of clean energy power plants, and Brookfield Asset Management Inc., a global alternative asset manager, have announced that they have entered into a definitive agreement under which Brookfield will assume the role of TerraForm Power’s sponsor and Brookfield will become the controlling shareholder.
Tenaga Nasional Bhd (TNB), the only electric utility company in Malaysia, has announced it has signed two Power Purchase Agreements (PPAs) for two 50 MW solar projects.
Sri Lanka’s government is to launch a tender process to develop a 100 MW floating solar power plant in the Maduru Oya reservoir.
The Ministry of Ecology and Natural Resources of Ukraine has received a total of 44 applications to carry out the construction of several solar parks in the Chernobyl exclusion zone.
Triodos Bank has provided over £3 million (US$3.7 million) in project finance to Danish Better Energy for a ground-mounted solar farm in Creswell, Derbyshire.
The AES Corporation and Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, have agreed to acquire FTP Power LLC (sPower), the largest independent owner, operator and developer of utility scale solar assets in the United States, from Fir Tree Partners and its minority owners, for US$853 million in cash, plus the assumption of US$724 million in non-recourse debt.
Scatec Solar signed a Memorandum of Understanding with the local A. K. Khan & Company to co-develop several large scale solar projects in different parts of Bangladesh.
K-Electric has signed a 25-year Power Purchase Agreement (PPA) for a 50 MW solar power project with Oursun Pakistan.
Saudi Arabia has launched Request for Qualifications for 700 MW of solar and wind energy. The government aims to award the contracts by September, with the cost of power forecast to be record low. The projects involve 300 MW of solar plants in the al-Jouf area and 400 MW of wind projects in nearby Tabuk.
First Solar, Inc. has announced that it has obtained non-recourse project debt financing of approximately JPY27 billion (US$240 million) in a syndicated loan arranged by Mizuho Bank Ltd. for a utility-scale solar project in Ishikawa prefecture, Japan.
The Government of Zambia signed agreements for a second mandate with Scaling Solar, the World Bank Group program that is helping developing countries procure low cost, privately financed, solar power.