EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution that supports private sector development projects in emerging economies. The two institutions have together provided US 116 million of financing for the construction […]

ReneSola Secures Project Financing for 30MW of Distributed Generation Projects in China.

ReneSola Secures Project Financing for 30MW of Distributed Generation Projects in China.

ReneSola Ltd, a leading fully-integrated solar project developer and provider of energy-efficient products, today announced it has secured an RMB120 million (US$18 million) financing facility from China Kangfu International Leasing Co., Ltd (“China Kangfu”), an affiliate of State Power Investment Corporation (SPIC). The financing will be used to support the development of ReneSola’s 30 MW of […]

ACME Solar raises Rs 700 cr from financial arm of Piramal Enterprises.

ACME Solar raises Rs 700 cr from financial arm of Piramal Enterprises.

Piramal Finance Ltd (PFL), a part of the Ajay Piramal-controlled Piramal Enterprises, has sanctioned Rs 700 crore to ACME Solar Holdings, Delhi-based Independent Power Producer, with a portfolio of over 1.8 GW of solar power across 14 states. The company’s current operational capacity is over 1 GW and is expected to reach 1.4 GW by […]

Feasibility study funded for small hydropower project in England.

Feasibility study funded for small hydropower project in England.

The Staverton Hydro Community Benefit Society this week announced it is using a £20,000 (US$25,000) grant from the Rural Community Energy Fund to begin a feasibility study into replacing a long-closed small hydropower plant with a new 100-kW plant on the River Dart in Devon, England. Historical information indicates the original 50-kW Staverton Leat – […]

Global pension funds warm up to India’s solar plans.

Global pension funds warm up to India’s solar plans.

Some of the world’s biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India’s solar power sector, where Prime Minister Narendra Modi is targeting $100 billion in investment in the next five years. Power demand in Asia’s third-largest economy is set to surge as the economy grows and more people […]

Iran has inaugurated a major solar power plant.

Iran has inaugurated a major solar power plant.

Iran has inaugurated a major solar power plant as the country is pressing ahead with an ambitious agenda to use renewable energy resources.  The plant was constructed with an annual production capacity of 10 megawatts over an area of 20 hectares near the central city of Isfahan would produce. Iran’s Ghadir Electricity and Energy Company […]

Canadian Solar appoints Entura as Owner’s Engineer for two solar farms in Queensland.

Canadian Solar appoints Entura as Owner’s Engineer for two solar farms in Queensland.

Specialist power and water consulting firm Entura has been appointed by Canadian Solar, one of the world’s largest solar companies, as Owner’s Engineer for two solar farms in Queensland. The two solar power projects, located in Longreach and Oakey, Queensland, are 17 MWdc and 30 MWdc each in size. Both projects have been awarded funding […]

Access Power gets financing for 50 MW PV project in Nigeria.

Access Power gets financing for 50 MW PV project in Nigeria.

The $1.65 million loan will be used to co-finance a 50 MW solar facility under development in Nigeria’s Kaduna State. The company expect to reach financial close for the project by the end of this year. UAE-based project development and advisory firm Access Power MEA announced that its Nigerian subsidiary Access Quaint Solar Nigeria Ltd. […]

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