Off-grid solar company M-KOPA Solar has secured US$80 million in committed debt financing, which will be used over the next three years to provide financing for pay-as-you-go PV projects in one million homes in Africa.
Casablanca-based confectionery and chewing gum producer Maghreb Industries is close to fully implementing a 1,361kWp rooftop solar system combined with an ice-based storage system on the roof of its new factory.
Israel-based firm Orad has signed a NIS100 million (US$28.6 million) EPC contract for four solar PV projects with a combined capacity of 35.5MW in Negev, Israel, according to a filing on the Tel Aviv Stock Exchange (TASE).
Oolu, a Senegal-based start-up company and PV corporation in Africa, has successfully raised US$3.2 million in equity investments. This Series A fundraising follows its seed round in 2015 and will support the company’s growth and strategy as it looks to expand its customer base in West Africa.
UPDATED: Saudi Arabia’s 300MW solar tender has seen opening bids go lower than two US cents, setting the tone for a new global solar power tariff record if awarded.
Egyptian PV firm KarmSolar has signed a power purchase agreement (PPA) with two subsidiaries of major food exporter Dakahlia Group for two solar projects totalling 23.5MW in Egypt.
The European Bank for Reconstruction and Development (EBRD) is providing a US$28.5 million loan for a 50MW solar project in Egypt’s Aswan Province, which is being constructed by Saudi-based firm Alfanar Energy.
PV company Mobisol announced that it has signed off on an off-balance sheet debt deal with two energy funds managed by responsAbility — a leading asset manager in the field of development investments.
