The West African Development Bank (BOAD), Emerging Africa Infrastructure Fund (EAIF), the National Bank of Agricultural Development of Mali (BNDA), Green Africa Power (GAP) and GuarantCo have agreed to finance a 50MW PV project in Mali.
Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).
Fortum, Futurice and Boond start the first Solar2Go pilot project in India, China donates thousands of solar systems to Nepal, BBOXX launches cloud-based task management platform
InfraCo Africa has partnered France-based developer Solvéo Energie by committing up to US$3.1million for a 45% equity interest in the development of a 40MW solar project in the Republic of Guinea.
The World Bank plans to make energy storage an integral part of its ‘Scaling Solar’ program, that until now has been focused purely on facilitating large-scale solar tendering, predominantly in Africa.
Saudi Arabia plans to tender seven solar projects with a combined capacity of 3.3GW during 2018, according to a statement from Turki Al Shehri, head of the country's Renewable Energy Project Development Office (REPDO), confirming news from Bloomberg earlier this week.
Independent power producer ACWA Power expects to see a 2% yield improvement following the installation of Huawei’s FusionSolar Smart PV Management System.
The new chairman of the Global Solar Council (GSC), Gongshan Zhu the founder, chairman and largest shareholder in the largest group of affiliated companies in the solar industry, GCL Group wants its members to raise between US$3 billion and US$5 billion for a new foundation to fund PV power plant projects as part of China’s ‘One Road and Belt’ business initiative.
