Solar finance company PEG Africa has raised US$13.5 million for household solar systems in Ghana and the Ivory Coast, which is expected to reach up to 500,000 people.
Solar trade association SolarPower Europe has updated its global solar demand forecast for 2017, expecting to reach the 100GW level for the first time.
Saudi Arabia has announced a US$500 billion investment for an industrial and business zone spanning 26,000 square km (10,230 square miles) over three countries, to be fully powered by solar energy and wind power.
Private equity fund SoftBank Vision Fund has officially signed a memorandum of understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.
A report on the off-grid solar market has revealed that there has been a 7% drop in off-grid solar and home system product sales worldwide yet the market remains “buoyant”.
A consortium including Enel Green Power, a subsidiary of Italian power giant Enel, and Ethiopian infrastructure company Orchid Business Group has won a 100MW solar tender floated by the utility Ethiopian Electric Power (EEP).
Global off-grid solar company BBOXX has closed on a US$5 million financing facility with Deutsche Asset Management’s fund Essential Capital Consortium that will help it bring power to 150,000 Rwandans.
ENGIE and Fenix have announced a transaction in which Engie will acquire 100% of Fenix International, an energy generation company offering Solar Home Systems (SHS) in Africa.
