PROJECT ROUND-UP: Funding for 200MW plant in Egypt; Q CELLS sells Texan solar park

Facebook
Twitter
LinkedIn
Reddit
Email
Adapture Renewables will own and operate the 81MW Rippey Solar plant in Texas. Image: Adapture Renewables.

A round-up of the latest solar project news from around the world, including updates from Hanwha Q CELLS and Capital Dynamics.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Funding secured for 200MW park in Egypt

3 March 2021: The African Development Bank (ADB) has approved US$27.2 million in loan financing for the construction and operation of the 200MW Kom Ombo solar project in Egypt.

With the project’s total cost estimated to be US$156.4 million, ADB said the European Bank for Reconstruction and Development, the Green Climate Fund, Arab Bank and the OPEC Fund for International Development will also contribute funding.

The plant, located 800km south of Cairo, is owned by Saudi Arabia’s ACWA Power, which signed a power purchase agreement with Egypt’s government in 2019 for the project’s development.

As well as touting the park’s potential in helping Egypt reach its 2022 target of 20% of power generation from renewables, ADB said the plant could “greatly contribute to energy trading”, given that Egypt’s grid is linked to those of its neighbours Libya and Sudan.

“We are delighted to support this project that will deliver one of the lowest generation tariffs on the continent,” said Kevin Kariuki, ADB vice president for power, energy, climate and green growth.

Q CELLS sells 81MW Texan project

2 March 2021: Hanwha Q CELLS USA has sold an 81MW PV park in Texas to US solar developer and operator Adapture Renewables.

Q CELLS was both the developer and engineering, procurement, and construction (EPC) manager of Rippey Solar, which features the firm’s Q.PEAK DUO L-G8.3 and L-G8.2 modules. Construction of the plant, located 90 miles north of Dallas, began last April, with commercial operation achieved in December.

Having financed the installation with in-house capital, Adapture Renewables will own and operate the project for the long-term. The acquisition takes the California-based company’s solar capacity up to 239MW.

Capital Dynamics buys Spanish solar plant

3 March 2021: The Clean Energy Infrastructure unit of asset management firm Capital Dynamics has acquired a 50MW solar project in Spain from renewables developer WElink Group.

Construction of the subsidy-free Puerto Real 2 plant is slated to begin this month, with commercial operations expected to be reached in the first quarter of 2022.

Located in the Andalucía region, the plant will benefit from the existing infrastructure in place from the 133MW Puerto Real 1 project, which Capital Dynamics acquired from WElink in March 2020.

Once the newly acquired park is operational, Capital Dynamics will have invested in more than 480MW of subsidy-free PV projects in Spain.

21 May 2024
Understanding the PV module supply to the U.S. market in 2024 & 2025. The conference gathers together developers, independent power producers and module suppliers to the U.S. solar market as well as EPCs, banks, investors, technical advisory and testing & certification specialists.
8 October 2024
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 28, 2024
Seattle, USA
Solar Media Events, Industry Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA