The Ministry of Energy, Mines, and Renewable Energy of Tunisia has invited bids for 70 MW of solar power projects. The tender has two phases, one of 60 MW and the other one of 10 MW. In the first phase of 60 MW, each project will have a maximum solar capacity of 10 MW. Meanwhile, in the second phase of 10 MW, each project will have a maximum project capacity of 10 MW.
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Clean Energy Infrastructure, a renewable energy investment management business of Capital Dynamics, has entered into an agreement with LS Power to acquire three of the latter’s solar power projects. These three projects, with a combined capacity of 316 MW, are located in California, Arizona, and Delaware.
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MKM Invest Group, a Hamburg-based independent power producer, has raised a EUR 106 million mezzanine debt financing for 579 MW of solar PV projects based on contracted and merchant revenues. The solar portfolio consists of 367 MW of capacity in Germany, 108 MW in Spain, and 104 MW in France.
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Statkraft Ireland has acquired five fully permitted solar projects from Lightsource bp, a global leader in the development and management of solar energy projects. The total capacity of the five projects is 275 MWdc. These acquisitions are the most recent in Statkraft Ireland’s series of renewable energy transactions since 2018.
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The first half of the year 2020 saw a sharp reduction in power demand, which in turn led to a huge decline in thermal power generation. On the other hand, the share of renewable energy especially wind and solar continues to rise as economies strive for green recovery from the covid-19 crisis.
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Qatar’s 800 MW Siraj 1 solar project has reached financial closure with the Japan Bank for International Cooperation (JBIC) and Mizuho Bank agreeing to finance the construction of the project. The Japanese lenders have signed a $330 million syndicated loan according to the Qatar General Electricity and Water Corporation.
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In its latest auction for 1,170 MW of solar power, state-run NTPC Limited has discovered a tariff of Rs 2.43 ($0.0325) per kWh. O2 Power, jointly backed by Sweden’s EQT Infrastructure and Singapore-based Temasek, emerged as the winner at the lowest tariff and has been allocated 400 MW of capacity.
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Iberdrola has signed an agreement with the European Investment Bank (EIB) and the Instituto de Credito Oficial (ICO) to drive the green recovery by developing new renewable energy capacity in Spain.
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Macquarie’s Green Investment Group (GIG) and Enso Energy have announced a joint venture to develop...
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The European Investment Bank (EIB) is investing Euro 43.5 million to finance the Cabrera solar...
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Sterling and Wilson Solar Solutions (SWSS), the US subsidiary of Sterling and Wilson Solar Limited...
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The Asian Development Bank (ADB) has signed a $17.7 million financing package with Spectra Solar...
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Amazon has announced five new renewable energy projects in China, Australia and the US that further support Amazon’s commitment to reach 80 per cent renewable energy by 2024 and 100 per cent renewable energy by 2030 (and potentially as early as 2025), as well as to reach net zero carbon by 2040.
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Australia’s largest renewables project has got a step nearer after being recommended for approval by the Environmental Protection Authority (EPA) of the state of Western Australia. The Asian Renewable Energy Hub (Areh), which could feature up to 15 GW of solar and wind generation capacity, would supply the Pilbara region and develop a green hydrogen manufacturing hub for domestic use and export to Asia.
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