Norwegian firm Saga Energy has signed a preliminary agreement with Iranian state-run firm Amin Energy Developers to build solar plants requiring investment of €2.5 billion investment (US$2.9 billion) in Iran, according to a Reuters report.
Acciona Energía and Saudi Arabian firm Swicorp are to build and own three solar PV plants with a combined capacity of 186MW in the Benban solar complex in Aswan, Egypt.
Senegal’s Electricity Regulatory Commission (CRSE) has issued Request for Proposals (RFPs) for 100MW of solar projects to be built in three regions.
Building Energy celebrated the outset of production for a 10MWp capacity solar plant in Tororo town, its first PV system in Uganda and one of the largest solar plants in East Africa.
Dubai Electricity and Water Authority (DEWA) has launched a new investment company based in Silicon Valley, California, which will have R&D and innovation in sustainability and renewable energy among its energy technology focuses.
Off-grid solar company M-KOPA Solar has secured US$80 million in committed debt financing, which will be used over the next three years to provide financing for pay-as-you-go PV projects in one million homes in Africa.
Casablanca-based confectionery and chewing gum producer Maghreb Industries is close to fully implementing a 1,361kWp rooftop solar system combined with an ice-based storage system on the roof of its new factory.
Israel-based firm Orad has signed a NIS100 million (US$28.6 million) EPC contract for four solar PV projects with a combined capacity of 35.5MW in Negev, Israel, according to a filing on the Tel Aviv Stock Exchange (TASE).
Oolu, a Senegal-based start-up company and PV corporation in Africa, has successfully raised US$3.2 million in equity investments. This Series A fundraising follows its seed round in 2015 and will support the company’s growth and strategy as it looks to expand its customer base in West Africa.
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A new report from the World Resources Institute sheds some light on the growth of the mini-grid sector within the country of Tanzania.
State-run utility Ethiopian Electric Power (EEP) has issued a request for qualification (RfQ) for two solar PV projects each with a capacity of 125MW.
The president of African Development Bank (AfDB), Akinwumi Adesina, arrived in Burkina Faso’s capital city of Ouagadougou and pledged to financially support a 50MW PV portfolio to electrify rural areas within the country, per AllAfrica.com.
The International Energy Agency has highlighted the claimed 50% growth in solar PV installations in 2016, which reached over 74GW, is part of a new trend that showed renewable energy sources with almost two-thirds of net new power capacity that approached 165GW coming online.
UPDATED: Saudi Arabia’s 300MW solar tender has seen opening bids go lower than two US cents, setting the tone for a new global solar power tariff record if awarded.
Egyptian PV firm KarmSolar has signed a power purchase agreement (PPA) with two subsidiaries of major food exporter Dakahlia Group for two solar projects totalling 23.5MW in Egypt.
