Africa & Middle East

UN-, Netherlands-backed fund will invest US$850m in 1.7GW clean energy pipeline in African, Asian states, with solar meant to account for 40% of portfolio.

Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.

Deal brings Beijing’s fund for the Belt and Road Initiative closer to 1.668GW Saudi clean energy developer it has partnered with for past PV projects.

PV installation touted as one of sub-Saharan Africa’s largest to be commissioned this week, with Astronergy modules, Soltec trackers and Gamesa inverters.

Up to 8MW of PV will be rolled out under scheme designed by Eneo, billed by its promoters as first cross-border PPAs for rooftop PV.

Reatile Group has already invested in three projects being built by juwi in South Africa under the REIPPP.

EIB to back developer's 150MW pipeline across Africa, Swedish energy group eyes €500m raise, IRENA scheme seeks to standardise.

Chinese supplier signs deal with Shanghai Electric for solar project in Dubai.

IRENA: China, US, EU shed jobs but India, Southeast Asia and Brazil see gains in year when off-grid solar rose to fore as potentially major future employer.

Company preparing for rapid growth in its module and project business since splitting from the CSUN Group.