Africa & Middle East

UK based firm, VINCI Energies has won a €26.9 million contract to build eight PV power plants in Senegal with a combined capacity of 17MW.

The German Development Bank (KfW) and the African Trade Insurance Agency (ATI) have set up a new credit facility instrument built to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale renewable energy projects (up to 50MW).

German firm ABO Wind has started constructing a 1.3MW solar PV project at Saidabad, Semnan province, in northern Iran.

Green bond issuance in 2017 has surpassed the US$100 billion milestone, marking a new record, according to Climate Bonds Initiative (CBI) data.

Italian oil and gas company Eni is planning to develop a 20MW PV project in the area of Tamale in the northern region of Ghana.

Belectric has won the engineering, procurement and construction (EPC) contract for a 120MW project in Israel.

Jordan has officially switched on the largest PV project ever to be developed in a refugee camp, with Reuters reporting that the 12.9MW project will provide renewable energy to nearly 80,000 Syrians.

‘Silicon Module Super League’ (SMSL) member Canadian Solar reported stronger than expected third quarter financial results while revenue of US$1.77 billion to US$1.81 billion for the final quarter of the year.

German company BayWa r.e. has commissioned a PV plant with a battery system in Zambia.

PV module manufacturers hoping to get new technologies taken up by the market quickly and at scale need to generate as much information as possible from testing houses and certification bodies for the finance community to consider their product, according to a representative of one of the world’s largest solar developers.