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renewable energy investment

Govt To Blacklist CSUN Over Failure To Meet Contractual Commitments

The Indian Government has plans to blacklist China Sunergy (CSUN), as the Chinese solar module supplier has failed to meet its contractual obligations with local project developers, new and renewable energy secretary Anand Kumar said. This is the first time that the ministry is considering such a step against a foreign solar equipment supplier. “We will soon issue […]

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AfDB Approves $20 Mn Facility For Green Mini-Grid Program in Congo

The African Development Bank (Afdb) Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema. The DR Congo Green Mini-Grid Program will serve as the pilot to an innovative private-led electrification approach to deploy renewable-based […]

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DEWA & ACWA Power Reach Financial Closing on 950MW 4th Phase of MbRAM Solar Park

The solar park will produce 5,000 MW by 2030 with investments totaling AED 50 billion. Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Silk Road Fund, which is owned by the Chinese Government, announced the financial closing of the 950 MW fourth phase of the Mohammed bin […]

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ADB and LEAP Sign $18.7 Mn Loan Agreement For Financing 5MW Solar Plant in Mongolia

The loan agreement marks ADB’s first co-financing with LEAP in Mongolia’s renewable energy sector. The Asian Development Bank (ADB) and the Leading Asia’s Private Infrastructure Fund (LEAP) today signed an $18.7 million loan with Sermsang Power Corporation Public Company Limited (SSP) and Tenuun Gerel Construction LLC (TGC) to build, operate, and maintain a 15 MW […]

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723 GW of New Wind Capacity Expected in the Next Decade : WoodMac

Wood Mackenzie Power and Renewables ‘Global Wind Power Market Outlook Update: Q1 2019’ report predicts the additions of nearly 723 GW of new wind capacity in the decade leading up to 2028. According to the report, 50.2GW of new wind power was added globally in 2018, a 4% increase Year on Year (YoY) and the […]

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InfraCo Africa Signs $2.2 M Loan Agreements with Gigawatt Global

InfraCo Africa has signed $2.2 million convertible loan agreements with energy developer Gigawatt Global for the development of the Samburu Solar and Transmara Solar projects in Kenya. Each with a capacity of 10MWAC, the sister facilities will generate clean, reliable electricity in some of the poorest counties in the country. The financing committed by InfraCo Africa will […]

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Iberdrola Commences Work on $340 million Spanish Solar Plant

Spanish utility Iberdrola has commenced work on a 500-megawatt (MW) solar photovoltaic power plant in Badajoz, Spain. It is its first PV project in Europe. The facility, Iberdrola’s first photovoltaic plant in Europe, will use 1.5 million panels spread across a 1,000-hectare site. The company will invest around 300 million (US$340 million) euros in its development. Iberdrola […]

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China’s Ambitious Solar Power Space Project is a bet on the future

China plans to have a solar power station orbiting the earth at 36,000 km, allowing it to tap the energy of the sun’s rays without interference from the atmosphere or loss of sunlight. According to Chinese media, the country is working on plans to build a solar farm in space. The project is hugely ambitious […]

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