North Macedonian Solar Plants Raise €25 Million
EBRD To Back 30 MW Solar PV Capacity In North Macedonia With ESM Loan
The European Bank for Reconstruction and Development (EBRD) has approved €25 million loan for North Macedonia’s state-owned electricity company ESM to build 30 MW solar PV capacity in the country, with the European Union (EU) shelling out another €5 million.
World Bank’s $615 Million For Solar Power
World Bank’s Financing Agreement For Clean Energy Based Rural Electrification In Bangladesh & Yemen
The World Bank has approved $515 million in financing to support 150 MW new rooftop solar capacity come onto the grid in Bangladesh through solar metering connections for over 100 customers.
IFC Backs Egyptian Company’s Solar Plans
Elsewedy Electric Raises $150 Million To Fund Renewable Energy Expansion In Africa
Egypt headquartered power company Elsewedy Electric has raised $150 million from the International Finance Corporation (IFC), First Abu Dhabi Bank and Europe Arab Bank to finance new solar energy facilities in Africa, and also support its expansion further.
Bboxx Raises $15 Million From InfraCo Africa
InfraCo Africa Commits $15 Million To Sub-Saharan Africa Focused SHS Company
England headquartered and Africa focused off-grid electric utility Bboxx has raised $15 million from InfraCo Africa to expand its reach to various existing and new markets across Sub-Saharan Africa.
EBRD Finance For 230 MW Solar In Azerbaijan
Masdar Raises $51 Million From EBRD For 230 MW Azerbaijan Solar Project
The European Bank for Reconstruction and Development (EBRD) has approved a loan of $51 million for a 230 MW solar power plant in Azerbaijan that Abu Dhabi Future Energy Company Masdar calls the country’s 1st foreign investment based independent power producer (IPP) project.
EBRD Backing For Poland’s Largest Solar PV Plant
Solarnet’s 285.6 MW Polish Solar Project Raises PLN 212 Million From EBRD
The European Bank for Reconstruction and Development (EBRD) will provide PLN 212 million ($49 million) to Solarnet Investment GmbH to construct Poland’s ‘largest’ solar PV plant with up to 285.6 MW capacity.
Sun Cable Raises AUD 210 Million More
Mike Cannon-Brookes & Andrew Forrest Companies Lead AUD 210 Million Raise For Sun Cable
The world’s ‘largest’ planned intercontinental renewable power system, with up to 20 GW solar PV capacity, Sun Cable’s Australia-Asia PowerLink (AAPowerLink) project has raised AUD 210 million ($152 million) from its existing investors, led by Grok Ventures and Squadron Energy.
ZAR 600 Million For South Africa’s H1 Capital
Norfund & CDC To Back 2.4 GW New Wind & Solar Capacity In South Africa
Norwegian Investment Fund for developing countries (Norfund) and UK government’s development finance institution CDC Group will invest ZAR 600 million ($39 million) in South African black-owned and managed renewables company H1 Capital to support its 2.4 GW new solar and wind energy pipeline.
Erthos Raises $17.5 Million Financing
US Solar Tech Firm Erthos Gets Funds To Scale With Over 2.5 GW Active Solar Project Pipeline
Arizona, US based technology start-up Erthos, that claims its solar system can significantly bring down time and land needed to deploy solar and costs only $0.50 per W to build, has closed Series B financing with $17.5 million.
$379.6 Million For Desert To Power
African Development Bank Approves Financing To Support 500 MW Solar Energy Generation
The African Development Bank (AfDB) has announced $379.6 million financing for its flagship 10 GW solar development project Desert to Power (DtP) which is expected to create 500 MW additional solar generation capacity.
Financial Closure For 2 GW European Solar
AMPYR Solar Raises €400 Million To Commission 2 GW Solar Capacity in Europe By 2025
Global alternative investment manager CarVal Investors has helped pan-European solar independent power producer (IPP) AMPYR Solar Europe (ASE) achieve financial closure of a €400 million facility to bring online more than 2 GW of solar power capacity by 2025.
$35 Million For 40 MW Kenyan Solar Plant
EAIF Backs Alten Group’s Kesses Solar Generation Facility In Kenya
The Emerging Africa Infrastructure Fund (EAIF) has approved a loan of $35 million to Alten Kenya Solarfarms BV to support the development of the currently under construction 40 MW Kesses Solar Power Plant in Kenya’s Rift Valley region.
AfDB Approves $27.39 Million For Solar In Ghana
African Development Bank To Fund Ghana’s Mini Grid & Solar PV Net Metering Plans
The African Development Bank (AfDB) will support the development of 67.5 MW of new renewable energy capacity in Ghana, to be installed through mini grids and solar PV net metering, with a grant of $27.39 million.
China PV News Snippets
Energy China & Wubao Sign 800 MW Project…& More
Energy China and Wubao County partner for 800 MW project; while Guangzhou Development to build 350 MW Agri-PV project; Shanghai Yatong to establish RMB 19 million subsidiary; EGing PV to raise RMB 1.3 billion for a module factory.
Capital Infusion For India’s IREDA
India Approves INR 15 Billion Equity Infusion For Indian Renewable Energy Development Agency
The Indian government’s Cabinet Committee on Economic Affairs has approved INR 15 billion ($201.6 million) as equity infusion for the government owned renewable energy financier for clean energy, Indian Renewable Energy Development Agency (IREDA).
Germany’s ‘Largest’ Independent Solar Project
Luxcara Achieves ‘Mid-Double Digit Million’ Financing For 171 MW Solar Park
Germany’s ecological projects loan provider UmweltBank AG has committed ‘mid-double-digit million’ as financing for what’s touted as the country’s largest independent solar PV project with over 171 MW capacity, currently under construction.
11 Solar Mini-Grids Coming Up In Lesotho
Africa’s ‘2nd Largest’ Project Financed Mini-Grid Transaction Achieves Financial Close
Lesotho based OnePower or 1PWR has raised LSL 75 million ($5 million) each from EU-funded Electrification Financing Initiative (EDFI ElectriFI) and UK government’s Renewable Energy Performance Platform (REPP) for 1.8 MW mini-grids.
Shell Backs Clean Energy Financier
AI-Enabled Clean Energy Financing Platform Nithio FI Attracts Oil Giant
The independent charity of Royal Dutch Shell, Shell Foundation has become an investor in artificial intelligence (AI)-enabled clean energy financing platform in Africa, Nithio FI (Financial Intermediary).
Maldives To Tender 20 To 30 MW Solar
ADB To Offer Transaction Advisory Services For Up To 30 MW Solar To Maldives
The Asian Development Bank (ADB) has entered transaction advisory services (TAS) with the Ministry of Environment, Climate Change and Technology in Maldives to help the country tender a combined capacity of 20 MW to 30 MW for outer islands solar public private partnership (PPP) projects.
