Africa & Middle East

African renewable energy company Infinity Power has reportedly signed a memorandum of understanding (MOU) with the government of Sierra Leone to develop 1GW of renewable energy projects in the country.

The EU and the US are leading efforts to reduce the carbon intensity of PV manufacturing through targeted import tariffs. As well as supporting decarbonisation efforts, such policies could also promote geographic diversification in the solar supply chain and greater supply resilience, writes Michael Parr of the Ultra Low Carbon Solar Alliance.

Masdar has raised US$1 billion in green bond financing to support the development of new clean energy projects.

US-based off-grid solar product manufacturer d.light has secured US$176 million to support its PayGo consumer loan offering in three African countries.

Egypt aims to accelerate the approval process for new renewables capacity to be constructed in the country.

Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.

Saudi Arabia's PIF has signed two solar PV manufacturing agreements with Chinese manufacturers JinkoSolar and TCL Zhonghuan Renewable Energy.

Chinese solar manufacturing giant JinkoSolar will build a 10GW n-type solar cell and module manufacturing facility in Saudi Arabia.

North America is expected to be the major market for solar trackers in the upcoming years driven by increased installations in the US.

Chinese solar module manufacturer Jinko Solar has secured two contracts to supply 150MW of modules to two solar PV projects in Algeria.