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Renewable energy generation in sub-Saharan Africa could increase more than twofold to make up 44% of the region’s generation capacity by 2040, the International Energy Agency (IEA) has forecast.
De Aar 3, an 85MW solar project said to be the largest solar farm in South Africa using thin-film modules, has been completed.
Large-scale solar plant developer and EPC services provider, Phoenix Solar, has renewed a cooperation agreement with turnkey international solar company, Millennium Energy Industries (MEI), to focus on PV projects in Jordan’s burgeoning market.
Gestamp Solar has agreed a US$28 million deal for a 10MW project in Kuwait to be built for a state-run oil company.
Morocco has secured a US$519 million loan from the World Bank to finance the second phase of the 500MW Noor concentrated solar power project near the southern city of Ouarzazate.
The Middle East and Africa (MEA) PV market now has a 12GW pipeline, according to the latest data from NPD Solarbuzz.
The European Investment Bank (EIB) is to provide a €23 million (US$29.5 million) loan for solar development in West Africa.
Module manufacturer, Canadian Solar, has been awarded a module supply agreement for a 1.5MW project in Jordan.
Solar Enhanced Oil Recovery (EOR) leader GlassPoint Solar is set to receive a US$53 million equity investment from the State General Reserve Fund –- Oman’s largest sovereign wealth fund – Royal Dutch Shell and other investors.
The Eilat Eilot Renewable Energy Initiative (EEREI) has opened the tendering process for a 50MW PV project in Israel that could also provide power to neighbouring Jordan.
Nigeria’s power minister has said the country’s president, Goodluck Jonathan, is “personally committed” to backing the country’s renewable energy roll-out.
Norwegian PV developer Scatec Solar and the country’s overseas development finance body, Norfund, have agreed to jointly invest in solar projects in developing countries.
Scatec Solar, the Norwegian company that this year has announced the construction of PV plants in territories including Jordan, Rwanda and South Africa, has announced plans to list on the Oslo Stock Exchange.
According to Bloomberg New Energy Finance 1.8GW of renewable power capacity will be commissioned in Sub-Saharan Africa in 2014.
Dubai Electricity and Water has shortlisted developers for the tender for the 100MW second phase of Mohammed Bin Rashid Al Maktoum Solar Park.