belt and road initiative

The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.

Chinese PV developer and manufacturer Risen Energy has brought online a 50MW solar project that is billed as the first large-scale Kazakh PV plant to use trackers.

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.