ACWA Power to develop, own 61MW PV project in Jordan.

ACWA Power to develop, own 61MW PV project in Jordan.

ACWA Power announced Monday that it has agreed to a deal with the government of Jordan to develop, finance, construct and own a 61.3MW PV installation in Risha — a province of Eastern Jordan. ACWA Power submitted a record-low tariff of JOD 42 fils per kWh, the lowest tariff for solar energy ever presented for […]

Longroad Energy acquires 3.0 GW solar portfolio.

Longroad Energy acquires 3.0 GW solar portfolio.

Move Accelerates Build-Out of Longroad’s U.S. Solar Development Strategy Longroad Energy Holdings today announced the acquisition of a 3.0 gigawatt (GW) solar development portfolio from 7X Energy. The acquired portfolio includes projects located across the U.S. in several of Longroad’s target markets. The Longroad and 7X team will develop these projects and will work together […]

Asian Development Bank approves $390 M financing package for ReNew Power in India.

Asian Development Bank approves $390 M financing package for ReNew Power in India.

ReNew Power will develop photovoltaic solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana, and wind power projects with combined capacity of 311 MW in Andhra Pradesh, Gujarat, Karnataka and Madhya Pradesh. As part of its efforts to scale up private sector-led infrastructure development in Asia and the Pacific and […]

$46 Million in loans announced for four renewable energy projects in Africa, Caribbean.

$46 Million in loans announced for four renewable energy projects in Africa, Caribbean.

Projects selected by IRENA/ADFD will power rural communities, decrease emissions, improve health and create jobs The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) today announced USD 46 million in concessional loans for four renewable energy projects in developing countries. The loans will fund a wind and solar project in […]

ENGIE signs deal for development of renewable energy in Senegal.

ENGIE signs deal for development of renewable energy in Senegal.

ENGIE announced Wednesday that it has signed off on a partnership with ANER, the National Renewable Energies Agency in Senegal, to spur the deployment of renewable energy within the country. The first part of this agreement involves the development of solar energy for individuals in multi-occupancy or individual housing. The aim of this measure is […]

Vivint Solar closes $303 million of new financing in two separate transactions.

Vivint Solar closes $303 million of new financing in two separate transactions.

Vivint Solar, a leading full-service residential solar provider, announced today it has closed a fixed-rate, 18-year term debt facility with four institutional investors, totaling $203 million. The new debt facility is a fully amortizing loan that relies on the contractual cash flows from four existing investment funds that comprise approximately 214 megawatts (MWs) and 30,000 residential […]

NEXTracker to supply trackers for CleanMax’s 30MW India plant.

NEXTracker to supply trackers for CleanMax’s 30MW India plant.

Solar tracking manufacturer NEXTracker has bagged an order to supply 30MW of its advanced NX Horizon single-axis trackers to Indian developer CleanMax’s 30MW solar project in the state of Tamil Nadu. CleanMax specialises in providing solar to corporate consumers. All energy from the project will be consumed in Tamil Nadu under a Group Captive Scheme, […]

First solar-powered mosque set to be built in Oman.

First solar-powered mosque set to be built in Oman.

Work on Oman’s first solar-powered mosque is nearing completion, said the engineer behind the unique initiative. The one-of-its-kind mosque will be able to save up to 60 per cent of electricity consumption compared to other mosques run entirely on traditionally-produced electricity, according to engineer Badr Al Hadabi, the project designer. It will also save up […]

Renesola sells two commercial solar projects in U.S.

Renesola sells two commercial solar projects in U.S.

ReneSola Ltd, a leading fully-integrated solar project developer and provider of energy-efficient products, today announced that it sold its two solar projects in Holyoke, Massachusetts to New York-based C2 Special Situations Group, LLC, a private investment firm focused on investments in the distributed generation sector. The Projects have a combined capacity of approximately 1.3 MWDC […]

Israel harnessing sunshine with world’s tallest solar tower.

Israel harnessing sunshine with world’s tallest solar tower.

In sunny Israel, solar energy supplies only a small percentage of the nation’s power needs, leaving it far behind countries with cloudier and colder climates. Now the fledgling solar industry is trying to make a leap forward with a large-scale project boasting the world’s tallest solar tower, as a symbol of Israel’s renewal energy ambitions. […]