development finance

US solar company Distributed Solar Development (DSD) has secured construction finance worth US$150 million from Rabobank to support its commercial and industrial (C&I) development pipeline.

PV reaps lion's share of seventh funding round of IRENA/ADFD's project facility, set to back solar ventures in Africa and the Caribbean totalling at least 42.5MW.

The financing for the Tunisian Electricity and Gas Company (STEG) will go partly towards helping integrate renewables to the grid.

The investment, which is contingent on approvals, would help the Mansour Group-owned developer roll-out solar, wind, distribution infrastructure and EV charging systems in Egypt and neighbouring states.

Auction-backed Solem plant was Cubico’s first American solar venture and took around two years to conclude development at its site in Aguascalientes.

New review finds renewables capacity investment in 2018 outstripped funding to new fossil fuels three-fold, with solar dominating roll-out charts.

Funding package of US$150m will finance solar and onshore wind projects that will generate 1,900 jobs.

Distribution networks and awareness campaigns help spur US$259m-a-year market of off-grid PV lighting, making a leader of a country where only 13% enjoy grid access.

Espejo de Tarapacá project is meant to plug support gap for Chilean energy storage by pairing up 300MW system with 561MW PV plant in Atacama.