Africa & Middle East

French renewable energy developer Global EcoPower (GEP) has expanded overseas with the acquisition of Morocco-based Nova Power.

Israeli micro-inverter manufacturer SolarEdge has filed papers for a US$125 million flotation on the NASDAQ stock exchange.

Mainstream Renewable Power and private equity firm Actis have established a US$1.9 billion investment platform for the African market.

Kenyan independent power producer, Greenmillenia Energy, is planning a 40MW utility PV power plant in the East African country.

Algeria has doubled its renewable energy target from 12 to 25GW by 2030, according to the state press agency APS.

The African Development Bank is to back a 72MW PV project in Cameroon, pushing the country's solar pipeline close to 200MW.

Market research firm, IHS has significantly lowered its PV demand forecast for Saudi Arabia in response to the country pushing back its renewable energy plans by eight years in the wake of plummeting oil prices.

According to reports, Saudi Arabia has pushed its renewable energy targets back from 2032 to 2040, without citing specific reasons.

Global PV developer, Solarcentury, is formalising its growing operation in East Africa by joining forces with Kenyan firm, East African Solar, to form Solarcentury in East Africa.

Officials in Dubai have doubled the size of a proposed PV plant to 200MW, after receiving what is thought to be the lowest ever per kWh bid for its construction.