SunEQ signs PPA for 5MW solar project with Namibia's largest cement factory
7 June: Hamburg-based solar developer SunEQ has sigend a power purchase agreement (PPA) for a 5MW solar project with Ohorongo Cement, one of the largest energy consumers in Namibia.
SunEQ, the sister company of independent German consultancy Suntrace, held the groundbreaking ceremony for the PV plant on 5 June
Operation expected to commence by the end of 2017.
“The project will significantly reduce Ohorongo Cement´s electricity expenses and running costs, and also help Namibia to increase the renewable energy portion of the country’s energy mix enormously,” said Matthias Schwara, managing director of SunEQ.
Pune Metro to add 17MW solar PV
Credit: Pune Metro
5 June: Pune Metro based in the west India city of Pune will deploy 17MW of solar PV in the first phase of a sustainability project.
The metro will get 65% of the required power from renewable energy - mainly from solar.
The airport also has a battery-operated vehicle known as SolarPulse One. Electric vehicles will be used for the feeder service to connect between important stops and points to metro stations. Their batteries can be charged using solar power.
Adani Green Energy ceases to be Adani subsidiary
6 June: Indian conglomerate Adani has announced that its equity stake in Adani Green Energy has been dilute below 50%.
This means Adani Green Energy is no longer an Adani subsidiary. Adani Green Energy has one of the largest solar deployment bases in India.
Adani also received apporval of its major Carmichael coal mining project in Australia yesterday.
Cuba to have 4.4MW solar plant
5 June: A 4.4MW solar project in being built across 7.1 hectares in in the Cuban province of Sancti Spíritus.
Construction will take six weeks and the plant will generate 6.6GWh per year.
Solar & Storage Finance Asia returning to Singapore for its 5th edition, will be the meeting point for developers, financiers and investors across the region. Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam. The programme has been designed to enable you to win business and understand new opportunities in the market. Key topics include floating solar, project finance for PPAs, modernization of the grid and strategies for structuring and designing hybrid deals.