According to reports, Saudi Arabia’s National Industrial Clusters Development Program (NICDP) and petrochemicals to manufacturing conglomerate SABIC have signed MOU’s with LONGi Group and OCI to bring fully integrated solar manufacturing to the country.
A series of issues that initially centered on the US Section 201 case, the US v China trade, China’s 531 New Deal and India’s trade tariffs, combined to slice around US$3 billion from the total global corporate funding into the solar sector in 2018, according to Mercom Capital Group.
The European Bank for Reconstruction and Development (EBRD) will no longer finance thermal coal mining or coal-fired electricity generation and will focus instead on renewable energy as part of its new five-year decarbonisation energy strategy.
After a solar risk mitigation plan was announced at the first International Solar Alliance (ISA) summit in March 2018, the World Bank and French development bank AFD are now working together on a scheme to help remove barriers to solar in developing countries, which is held back by perceived risk.
The Green Climate Fund (GCF) is providing nearly half the funding necessary for a scheme to deploy solar mini-grids across 100 villages in Burkina Faso.
