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solar project finance

NREA drafts tender for 20 MW solar project in Hurghada

The New and Renewable Energy Authority (NREA) is in process to release a tender for a 20 MW solar power plant in Hurghada, Egypt. Recently, Japan International Cooperation Agency’s (JICA) was presented with a proposal to finance the project for Hurghada solar plant by NREA. The Ministry of Electricity stated that a soft loan of […]

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Darwin International Airport completes its first phase of 5.5MW solar farm

Darwin International Airport has completed first phase of 5.5MW solar farm, switching on 4MW installation that will ultimately supply 25 percent of airport’s power needs. It is believed to be the world’s largest airport solar system. The Darwin Airport solar plant array, which is a $13 million project, will be adding another 1.5MW in phase […]

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Palestine grants its first solar power plant in West Bank

The Palestine Energy Ministry has granted permit to develop its first ever large scale solar power plant in the West Bank, near the city of Hebron. Palestine-based energy engineering and technology solutions firm Rack Tech has joined hands with Amsterdam-based solar power firm Gigawatt Global to build the $10 million plant will have installed capacity […]

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India sanctions scheme to develop 10 Solar Zones having at least 10000 hectares of land

The Government o India has directed authorization to implement the scheme for setting up of 10 ‘Solar Zones’ each having at least 10000 hectares of govt. or privately owned uncultivable and fallow land in one or more than one patches to encourage solar PV project developers, investors and manufacturers to help achieve the nation’s massive […]

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Alterra Power acquires 20 MW solar portfolio from Inovateus Solar

Alterra Power enters into an agreement with Inovateus Solar to acquire an 80% ownership interest in a two-project 20 MWDC portfolio of solar farms in the Midwestern United States. Both the solar projects are contracted under long-term, investment-grade power purchase agreements. Alterra is actively developing and arranging finance for its first project, a 7 MWDC […]

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UGE to Design and Develop 300 kW Solar Project in Kaladar, Ontario

UGE International has secured a contract to design and develop a 300 kilowatt solar project near Kaladar, Ontario. The project will derive revenue through Ontario’s feed-in tariff FIT3 program and builds upon the relationship between UGE, Soventix Canada (“SCI”), and TREC SolarShare Co-operative, which will finance all construction activities and purchase the commissioned energy generating […]

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World Bank announces to provide more than $1 billion for India’s solar project

The World Bank Group has signed an agreement with India led International Solar Alliance (ISA) to work together on increasing solar energy use around the world, with the goal of mobilizing $1 trillion in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley, Power, Coal, New and Renewable Energy minister Piyush […]

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Solar Park in India: Scope, Status, Achievement, and Challenges

India, with its large population and rapidly growing economy, needs access to clean, cheap and reliable sources of energy.  The government with the Jawaharlal Nehru National Solar Mission has been promoting ecologically sustainable growth while addressing India’s energy security challenge. The Government of India’s ambitious plan to add 100 GW of solar capacity by 2022 […]

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8minutenergy to build 4GW solar photovoltaic project in India

Independent solar developer in the U.S., 8minutenergy Renewables will setup 4GW solar photovoltaic project in India to help the country meet its aggressive renewable energy goals. A statement from White House said “8minutenergy Renewables will pursue a 4 GW solar photovoltaic project pipeline in India”. 8minutenergy’s commitment was made in tandem with Prime Minister Modi […]

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