Yes Bank, India’s fifth largest private sector bank, has said it will mobilise US$1 billion of financing for solar projects in India up to 2023 and US$5 billion up to 2030, while at the International Solar Alliance (ISA) conference organised at World Future Energy Summit 2018 in Abu Dhabi.
The Palestine Investment Fund (PIF) and the Palestinian Ministry of Education and Higher Education (MoEHE) have signed off on an agreement to install solar power systems on the rooftops of 500 public schools.
Bloomberg New Energy Finance (BNEF) is forecasting global PV demand in 2018 to be at 107GW, up from its estimate of 98GW in 2017. However, BNEF has given the largest single market China a wide installation range after its massive underestimation last year.
The new chairman of the Global Solar Council (GSC), Gongshan Zhu the founder, chairman and largest shareholder in the largest group of affiliated companies in the solar industry, GCL Group wants its members to raise between US$3 billion and US$5 billion for a new foundation to fund PV power plant projects as part of China’s ‘One Road and Belt’ business initiative.
Acwa Power has contracted China’s Chint Group to provide EPC services for three solar PV plants totalling 165.5MW at the Benban Solar Park in Aswan, Egypt.
The IFC has arranged a financing package of up to US$188 million for Jordan’s largest PV plant, a 200MWac / 248MWdc project developed by Masdar Abu Dhabi Future Energy Company.
Dealing with module warranties from out of business manufacturers is a standard problem in today’s market, according to representatives from an advisory firm that oversaw one of the largest renewable energy deals to date.
Independent power producer Coronal Energy has closed US$235 million in total financing, which includes tax equity and debt for its Gulf Coast Solar Center portfolio.
