Norwegian solar developer Scatec solar has secured investment for its 100MW Nova Scotia solar PV plant in Dutse, in the Northern Nigerian state of Jigawa.
Driven by steep cost declines in PV equipment, solar is now almost on a par with wind energy and will soon become the cheapest form of energy in developing nations, according to the Climatescope 2016 report from Bloomberg New Energy Finance (BNEF).
The International Finance Corporation (IFC) and FMO, the Dutch development bank have invested a collective €14.62 million (US$15.52 million) in Mobisol, a German pay-as-you-go (PAYG) solar service company, in order to deliver renewable energy solutions to off-grid communities in East Africa.
An open fund for solar energy and energy storage in various emerging markets has been launched by Franck Constant, the co-founder of Sonnedix Group and director of Sithe Pacific, PV Tech can reveal.
The United States Agency for International Development (USAID) has announced US$4 million in new investments for off-grid solar in Africa during the COP22 conference in Marrakesh, Morocco.
Four European countries have signed a joint agreement to establish a roadmap for exchanging electricity from renewable sources between Morocco and Europe.
Saudi Arabia has reiterated its commitment to working towards mitigating the effects of global climate change at the 22nd UN Climate Change Conference in Marrakech.
Moroccan Agency for Solar Energy (MASEN) has selected Saudi Arabian power engineering firm ACWA Power and China’s Chint group to develop three solar plants with a combined capacity of 170MW as part of the NOOR PV I project in Morocco.
