The World Bank has signed a US$55 million financing agreement with the government of Bangladesh to expand renewable energy applications in rural areas.
The Green Climate Fund, the African Development Bank (ADfB) and Africa50 investment fund are to collaborate on bringing solar energy to the Sahel region in the wake of ADfB launching its 10GW plan.
Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology is believed to have entered into a Memorandum of Understanding (MOU) with Saudi Arabia’s major commercial and industrial trading company, El Seif Group to establish a large-scale solar manufacturing infrastructure in the Kingdom.
The Asian Development Bank (ADB) is providing a roughly US$40 million project financing package for Vena Energy, formerly Equis Energy, to build four solar plants in eastern Indonesia, which are said to be the Southeast Asian country’s first utility-scale PV plants.
‘Silicon Module Super League’ (SMSL) member Trina Solar has completed the purchase of Spanish PV tracker and mounting firm, Nclave as the SMSL moves to become a global smart PV solution provider.
Specialist PV manufacturing equipment supplier Singulus Technologies has recently reported that its order backlog stood at €125.5 million at the end of the first quarter, while guiding stronger than expected revenue for 2018.
