InfraCo Africa backs 50MW Cameroon project
12 December: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a convertible loan agreement with Project Élan 1 SAS, committing up to US$1.7m to develop the 50MW(AC) Élan Solar project in Cameroon.
The project is sponsored by established developers GSC Energy and Sturdee Energy and will be one of Cameroon’s first commercial-scale solar photovoltaic plants.
Élan Solar will be built in the Garoua area of northern Cameroon in a single phase. It is anticipated that the plant will begin delivering much-needed power to the country’s Northern Interconnected Grid in 2021.
Czech Republic installs 7MW of solar plants so far in 2018
12 December: UPDATED - For the first three quarters of 2018, nearly 7MW of new solar power plants were connected to the grid in the Czech Republic, according to the country's solar association.
Meanwhile, in the first 11 months of the calendar year, more than 6MW of rooftop PV systems were installed on households, supported by the New Green Savings program and double that of last year. Nearly 2.5MW of deployment was in solar-plus-storage systems.
"We were expecting an increasing trend in the production of clean electricity from the Sun. This confirms the interest of Czech households in gaining partial energy independence," said Veronika Hamáčková, executive director of the Solar Association. "Electricity prices will rise, cheap electricity from photovoltaics on the roof of the house is the most affordable solution that will help secure against rising energy costs. We expect the next year to continue to focus on the solar solution."
Brazilian beer company Ambev eyes solar
12 December: Ambev, Latin America’s largest brewer, has entered a partnership to build a solar plant in Minas Gerais that will supply power to all of its distribution centres in the Brazilian state, according to Reuters.
An investment of BRL7 million (US$1.8 million) to build the solar plant in Uberlandia will be put up by Curitiba-based partner Alexandria, in return for 75% of the power generated over 10 years. The plant will have 5,340 solar panels imported from China and other countries.
The Energy Storage Latin America agenda provides the industry with an unrivaled opportunity to discuss how the region is set to unlock the full potential of energy storage, accelerate deployment and address the main regulatory and financing challenges. The Energy Storage Summit Latin America is the first event of its kind, designed with a clear goal to accelerate both dialogue and deployment of energy storage solutions. Hear from a world-class line up of industry speakers discussing: The changing market, Active and pending projects, Regulatory environment, Financing options and New storage technologies. This event is the only place where the entire energy storage value chain will be present. Enquire now and be part of an unparalleled platform enabling you to network and do business with: Government, Utilities, Developers, EPCs, Investors and more.