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ICBC to arrange US$1.5 billion debt financing for 700 MW solar project in Dubai

ICBC to arrange US$1.5 billion debt financing for 700 MW solar project in Dubai

🕔Apr 18, 2018

ACWA Power has announced that ICBC is acting as the mandated lead arranger for a US$1.5 billion senior loan for the fourth phase of the Mohamed bin Rashid Solar Park, the largest thermo-solar power plant in the world. Financial close is expected shortly.

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Acciona wins US$400 million solar project in Queensland

Acciona wins US$400 million solar project in Queensland

🕔Apr 17, 2018

The Minister for State Development, Manufacturing, Infrastructure and Planning of the state government of Queensland has signed an Agreement for Lease with Acciona for 1,250 hectares of state-owned land at Aldoga, Gladstone region, on which the company will install a 265 MW solar farm.

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Financing secured for 100 MW solar project in Mexico

Financing secured for 100 MW solar project in Mexico

🕔Apr 17, 2018

JinkoSolar has secured financing for the Viborillas solar project, which involves the development of a 100 MW ground-mounted solar farm in Yucatán state, Mexico. Lenders are providing a US$108 Million syndicated loan to the project company.

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Lebanon launches RFEOI for 300 MW solar and storage projects

Lebanon launches RFEOI for 300 MW solar and storage projects

🕔Apr 16, 2018

Lebanon’s Center for Energy Conservation (LCEC) has issued a Request for Expresions of Interest (RFEOI) for the design, development, financing, construction and operation of photovoltaic parks with between 210 MWp and 300 MWp capacity and battery storage, at various locations throughout Lebanon as selected by the developers.

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IPPToday #193: Solar surge slows in India with re-launching of tenders

IPPToday #193: Solar surge slows in India with re-launching of tenders

🕔Apr 16, 2018

In the past week, state government agencies of both Karnataka and Maharashtra, located in the south-west and west of India respectively, have re-launched solar tenders due to poor initial responses.

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PPA signed for subsidy-free 170 MWp solar project in Spain

PPA signed for subsidy-free 170 MWp solar project in Spain

🕔Apr 13, 2018

BayWa r.e. has secured a long-term Power Purchase Agreement (PPA) for the Don Rodrigo solar plant, located in Andalusia in the south of Spain, enabling the developer to proceed with the construction of the plant. This advances the development of one of the first solar projects of this size in Europe without any subsidies.

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IPPToday #190: Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil

IPPToday #190: Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil

🕔Apr 11, 2018

Canadian Solar Inc. has announced that it won three solar photovoltaic (PV) projects in Brazil's A-4 auction that was held on 4 April 2018. The projects have with a total installed capacity of 364 MWp.

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EDPR secures PPA for 200 MW solar project in USA

EDPR secures PPA for 200 MW solar project in USA

🕔Apr 10, 2018

EDP Renewables (EDPR) has secured a power purchase agreement (PPA) with Hoosier Energy Rural Electric Cooperative, Inc., enabling the development of the 200 MW Riverstart Solar Park in Randolph County, Indiana, USA. 

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IPPToday #189: Scatec Solar signs US$400 million solar projects in South Africa

IPPToday #189: Scatec Solar signs US$400 million solar projects in South Africa

🕔Apr 10, 2018

Scatec Solar has announced that it has signed all project documents with its partners and shortly expects to achieve financial close for three solar PV plants to be located in Upington, South Africa with a total generation capacity of 258 MW.

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JAG raises financing for 16.6 MW PV project in Tochigi

JAG raises financing for 16.6 MW PV project in Tochigi

🕔Apr 9, 2018

NEC Capital Solutions Ltd is providing a syndicated loan of JPY2.8 billion (US$26.4 million) to Japan Asia Group Ltd (JAG) for the construction of a 16.6 MW solar power plant in Sano city, Tochigi prefecture.

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Fotowatio wins Armenia's first solar project

Fotowatio wins Armenia's first solar project

🕔Apr 9, 2018

The Ministry of Energy Infrastructure and Natural Resources​ of the Government of Armenia has announced that Fotowatio Renewable Ventures (FRV) has been selected as the winning bidder in a tender for the construction of a 55 MW solar park in the Gegharkunik province of the country.

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Tender launched for 200 MW solar projects in Odisha

Tender launched for 200 MW solar projects in Odisha

🕔Apr 5, 2018

The Government of Odisha, through its renewable energy promotion agency GRIDCO, has issued a Request for Selection (RfS) for the development of 200 MW grid-connected solar photovoltaic power projects to be set up in Odisha, a state in the east of India. Responses are invited until 29 April 2018.

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IPPToday #184: MoU signed for development of 200 GW solar power in Saudi Arabia by 2030

IPPToday #184: MoU signed for development of 200 GW solar power in Saudi Arabia by 2030

🕔Apr 3, 2018

The Public Investment Fund of Saudi Arabia (PIF) has signed a non-binding Memorandum of Understanding (MoU) with SoftBank's Vision Fund LP (SBVF) to create the New Solar Energy Plan 2030, which envisions the development of between 150 GW and 200 GW solar power generation capacity in Saudi Arabia by 2030.

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Microsoft to purchase 315 MW solar power in Virginia

Microsoft to purchase 315 MW solar power in Virginia

🕔Apr 2, 2018

Microsoft Corp. has announced the purchase of 315 MW of energy from Pleinmont I and II, two new solar projects in the US state of Virginia, in the south-east region of the country. This represents the single largest corporate purchase of solar energy ever in the United States.

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MPC Capital announces partnership with Martifer Renewables

MPC Capital announces partnership with Martifer Renewables

🕔Apr 2, 2018

MPC Capital, an international real assets investment manager headquartered in Hamburg, has announced a joint venture with Martifer Renewables, a developer of wind and solar energy projects. The venture will focus on developing and supporting distributed generation and utility-scale solar photovoltaic and wind renewable energy projects throughout Colombia.

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Brazil announces installation of 1,028 MW through Avancar Energia programme

Brazil announces installation of 1,028 MW through Avancar Energia programme

🕔Mar 27, 2018

Brazil's Ministry of Mines and Energy has announced that 44 of the 97 projects awarded in its Avançar Energia programme has been completed, adding 1,028 MW of installed capacity to the National Generator Park (Parque Gerador Nacional).

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250 MW solar project in India reaches US$145 million financial close

250 MW solar project in India reaches US$145 million financial close

🕔Mar 22, 2018

Mahindra Renewables Pvt. Ltd., a wholly owned subsidiary of Mahindra Susten Pvt. Ltd., has achieved financial close of its 250 MW solar power project, to be located in the Rewa district of Madhya Pradesh. The company has received project debt amounting to INR7.5 billion (US$114.8 million) from YES BANK Ltd and up to INR2 billion (US$30.6 million) from other financial institutions.

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Neoen secures government funding for 350 MW solar-wind-hydrogen complex in South Australia

Neoen secures government funding for 350 MW solar-wind-hydrogen complex in South Australia

🕔Mar 20, 2018

The state government of South Australia has announced plans to finance the development of a 50MW hydrogen electrolyser that would be powered by a new wind and solar complex at Crystal Brook, north of Adelaide. The estimated cost of the project, known as the Hydrogen Superhub is AUD600 million (US$464.3 million).

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IPPToday #176: India set to meet ambitious solar targets with another 3 GW tender

IPPToday #176: India set to meet ambitious solar targets with another 3 GW tender

🕔Mar 19, 2018

In what seems like a race to meet the Government of India's ambitious target of commissioning 15 GW of solar power in the 2017-18 financial year (ending in March), various organisations have recently issued tenders for a cumulative capacity of 2,950 MW to be located across the country. This adds to the 7,225 MW solar tenders announced since the start of 2018.

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RFP issued for 100 MW renewable projects in Portland

RFP issued for 100 MW renewable projects in Portland

🕔Mar 6, 2018

Portland General Electric Company has issued a draft Request for Proposals (RFP) seeking 100 MW of renewable power generating resources. PGE supplies electricity within 4,000 square mile service territory in north-west Oregon, USA.

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