Africa & Middle East

Marubeni Corporation has signed off on an agreement to acquire a stake in Azuri Technologies, entering into the solar home systems sector for off-grid areas in Africa. As a result of this deal, Marubeni’s investment will make the company the largest shareholder of Azuri.

Firm breaks ground on 148MW plant in former Soviet state, links second 65MW bifacial unit at Benban complex and signs deal for 33MW farm by river Niger.

Firm bags €154.3m as it floats renewable fund in London, inverter maker in deal with Solar-Log, US player acquires juwi's 60MW Colorado scheme.

China-based PV module manufacturer, Znshine PV tech has won a bid to supply solar panels to DEWA (Dubai Electricity and Water Authority) based projects to be used in various residential projects as part of Shams Dubai.

Tumbling module prices will help PV attain US$0.048/kWh costs in 2020 and outcompete 700GW of global coal, with India and Italy as the G20’s cheapest.

Pre-selected names including Scatec Solar and Masdar have three months to finalise bids for world’s reported first saltwater floating PV scheme.

Projects were originally to be joint ventures with the government.

Renewable agency MASEN picks consortium for ~US$2.3bn project combining PV, storage and CSP in bid to benefit from ‘spectacular’ PV cost declines.

BBOXX has secured a US$8 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF) that will see the company accelerate its roll-out of solar home systems across Rwanda, its largest market.

Monkey Bay Solar project will feature HDPE-based ‘islands’ anchored via underwater cabling some 250 metres off Lake Malawi’s shores, firm tells PV Tech