CMI has been awarded a contract for engineering and supplying a receiver for the 950 MW Phase IV of Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
The European Investment Bank (EIB) has announced that it has signed an US$87 million loan to part-finance three photovoltaic (PV) solar power plants in Mexico, with a total installed capacity of 1,088 MWp.
The African Development Bank (AfDB) has announced that its Board of Directors has approved a senior loan of ZAR3 billion (US$228.6 million) to the 100 MW Redstone Concentrated Solar Power (CSP) Project. The total cost of the project is US$789 million.
ACWA Power has announced the successful financial closure of the approximately SAR1.2 billion (US$320 million) Sakaka solar project, the first ever utility scale renewable energy project to be developed in Saudi Arabia.
GlassPoint Solar and Occidental of Oman have signed a Memorandum of Understanding (MoU) to develop a large solar thermal energy plant, exceeding 2 GW, at the Mukhaizna oilfield in the Sultanate of Oman.
Australian energy provider Snowy Hydro has announced that it has signed Power Purchase Agreements (PPA) for eight wind and solar projects totalling 888 MW. Located across New South Wales and Victoria, states in the south-east of Australia, the projects are expected to generate about 2.8 terawatt hours of energy annually.
Kazakhstan Electricity and Capacity Market Operator (KOREM) has announced that it has contracted 857.93 MW of renewable energy this year through auctions.
Maoneng Australia has announced that it has achieved financial close for the 255 MWp Sunraysia Solar Farm, located in New South Wales, south-east Australia.
Hawaiian Electric Companies has announced that it is now in contract negotiations with seven developers regarding major solar-plus-storage projects to be located on three Hawaiian islands, representing the largest infusion of renewable energy in state history.
The project company for the Asian Renewable Energy Hub has announced that Macquarie Group has agreed to join the consortium developing the project and provide development capital. Macquarie's consortium partners for the over 11 GW project are Intercontinental Energy, Vestas and CWP Energy Asia.
IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020
The government of Germany has passed a resolution to tender over 8 GW solar and wind capacity in the next two years.
Enel, acting through its renewables subsidiary Enel Green Power (EGP), has closed the sale of 80% of the share capital of eight special purpose vehicles (SPVs), which own a combined 1.8 GW renewable capacity in Mexico, to the Caisse de dépot et placement du Québec (CDPQ) and the investment vehicle of the pension fund CKD Infraestructura México (CKD IM), an investment vehicle of some of the largest pension funds in Mexico.
Consolidated Edison, Inc. (more commonly known as Con Edison) has announced that one of its subsidiaries has agreed to acquire 981 MW AC of operating renewable energy generation projects from a subsidiary of Sempra Energy. The purchase price is US$1.54 billion (subject to closing adjustments, including working capital).
The Kuwait National Petroleum Company (KNPC) has launched a tender for the design, construction, commissioning, operation and maintenance of the Al-Dibdibah solar project. The project will comprise five solar generating units (SGUs), which can each have a maximum capacity of 300 MW (AC).
REDEN Solar has announced that it has successfully completed the refinancing of its Portuguese and Spanish assets, raising a total of EUR100.5 million (US$116.60 million) in the process.
The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a financing package of up to US$102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar PV plants with a combined capacity of 327 MW.
IPPToday #282: Australian state awards long-term contracts for 928 MW capacity in first renewable energy auction
The Australian state of Victoria, located in the south-east of the country, has awarded Support Agreements to six renewable energy projects with 928 MW cumulative capacity in its first renewable energy auction.
VivoPower International PLC has announced that its wholly-owned subsidiary in Australia, VivoPower Pty Ltd has entered into a partnership with IT Power (Australia) Pty Ltd (ITP) to jointly develop a portfolio of utility-scale ground-mounted solar projects in New South Wales.
Hamburg-based solar and wind park operator Encavis AG has announced the successful placement of a EUR50 million (US$57.76 million) "Green Schuldschein" (green bonded loan) with international and national institutional investors.
Acciona has signed a contract to supply 100% renewable electricity to the two main facilities of LATAM Airlines Group, the biggest airline group in Latin America, from September this year.