By .(JavaScript must be enabled to view this email address) - 14 December 2012, 18:34
In News, Power Generation, Finance, Project Focus

KfW signs €10 million loan agreement for Solar World Cup 2014 project

The Mineirão stadium in Brazil is one of two football stadiums, which will sport new PV rooftop systems.

On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW Entwicklungsbank, has signed a €10 million (US$13 million) loan guarantee with Brazil’s Companhia Energética de Minas Gerais (CEMIG) for the Solar World Cup 2014 project.

The project will see the Mineirão and Mineirinho stadiums, located in Belo Horizonte, outfitted with rooftop photovoltaic systems, which hold a combined capacity of 2.6MW. Electricity produced by the project will be fed into the grid so that Brazilian consumers can benefit from the solar electricity.

Total investment for the project is projected at €14.25 million (US$18.7 million). The KfW loan will help fund the project and includes funds from the BMZ for interest reduction and a contribution of €4.25 million (US$5.6 million) from CEMIG. Further, the Deutsche Gesellschaft für Internationale Zusammenarbeit plans to support CEMIG in marketing the solar electricity and training technical personnel.

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Photovoltaics International 19th Edition

For manufacturers who had their heads in the bunker during 2012, fighting falling ASPs and eroding margins, the nineteenth edition brings you details of what lies in store for this coming year. Wright Williams & Kelly return in this issue with their popular analysis of payback on technology buys; crucially they analyze n-type wafers, Al2O3 passivation and copper metallization. SERIS shows us how to achieve 18.7% efficiencies using low-cost etching techniques on diffused wafers. We also have two important technology roundups: CIGS from Helmholtz Berlin, and PV module encapsulation techniques from Fraunhofer ISE.

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In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

KfW signs €10 million loan agreement for Solar World Cup 2014 project

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