Senegal plans to commission its first utility-scale wind energy project, Parc Eolien Taiba N’Diaye (PETN), which is a joint venture of the Senegalese National Electricity Corporation (Senelec) and Amsterdam-based Lekela. The project is a critical […]
The Asian Development Bank (ADB) has approved a $7.64 million loan to support the construction of the 100 MW “National Solar Park Project” in Cambodia in order to help the country develop renewable energy resources, […]
A $4 million loan agreement has been signed between ADB and Barakat Kandahar Solar Energy (BKSE), a special purpose vehicle, to set up a 15.1 MW solar power project in Kandhar. BKSE is majority owned […]
The Indian Railway Finance Corporation (IRFC) has signed an agreement with ADB for the electrification of railway tracks. ADB will provide $750 million in long-term financing, the largest single non-sovereign loan ever committed by it. […]
Zouk Capital, an infrastructure and private equity fund manager based in the UK, has acquired a 51 per cent stake in BE Power. BE Power is a digital utility active in the electric mobility space […]
Canadian Solar has secured a $50 million term loan from Credit Suisse. Canadian Solar intends to use the term loan to develop its international solar project pipeline and for general corporate purposes. The US dollar-denominated […]
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five-year Murabaha financing facility of $75 million with Alfanar, a developer and engineering, procurement and construction company in the clean […]
The Panasonic Corporation has signed a collaboration and acquisition agreement with GS-Solar (China) Company Limited, a thin film solar manufacturer. The deal for an undisclosed amount is likely to conclude in November this year. Under […]
Vestas has signed a contract with EDF Renewables to provide engineering and procurement and construction to the latter’s 35 MW Wesley wind farm in the Eastern Cape province of South Africa. The turnkey contract entails […]
Vestas has signed an MoU with Russia-based Rusnano to explore turbine production opportunities in Russia. Rusnano, in a joint venture with Finnish utility Fortum, has been awarded over 1.8 GW of wind power project capacity […]
The Botswana Power Corporation (BPC), the state-owned power utility, has cancelled a tender in which it was seeking private investor partners to build a 100 MW solar power plant. It now plans to re-issue the […]
Germany-based wind energy company wpd, in partnership with a local developer, has secured a project pipeline of five onshore wind projects with a total capacity of over 160 MW in South Korea. While wpd has […]
The Portuguese government plans to allocate over 2 GW of PV capacity through two procurement exercises to be held in June 2019 and January 2020. According to sources, the Portuguese government will allocate 1.4 GW […]
The Government of Canada has launched a new C$150 million incentive programme, the Climate Action Incentive Fund, to fight climate change. The programme is designed to support small- and medium-sized enterprises in Ontario, Saskatchewan, Manitoba […]
China’s National Development and Reform Commission has released the “Improving Issues Related to Feed-in Tariffs for Solar Photovoltaic” notice, the first document that confirms the feed-in tariff (FiT) levels for solar projects. The FiTs for […]
Brazilian energy agency Empresa de Pesquisa Energetica has announced the results of an energy auction held by the Chamber of Commercialization of Electric Power (CCEE) on May 31, 2019 for the isolated power system of […]
The Kingdom of Eswatini, a landlocked country in southern Africa, has issued a request for qualification for 40 MW of ground-mounted solar projects under its short-term generation expansion plan. The tender has been floated by […]
The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RfP) for appointing consultants to study, develop and construct floating solar PV projects in the Arabian Gulf. DEWA initiated this project to […]
Riyadh-based ACWA Power, partly owned by the Public Investment Fund of Saudi Arabia, plans to expand into solar panel manufacturing. The company is in talks to manufacture solar panels for the SoftBank-Saudi fund’s $200 billion […]
The shares of Orsted took a dip after the energy company, which is 50.1 per cent owned be the Danish government, announced that there was no longer required political support for continuing the ongoing divestment […]
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