ebrd

ACWA Power has reached financial close on three solar PV projects under round two of Egypt Feed-in-Tariff program II – with the three installations boasting a generation capacity of 165.5MW.

The European Bank for Reconstruction and Development (EBRD) has provided a US$22 million loan for a 50MW solar PV project being developed by Acwa Power in the Risha region of Jordan.

The ISA already has the World Bank and EIB on board and is expected to sign another deal with EBRD tomorrow.

Scatec Solar and its partners have reached financial close for six PV projects in Egypt with a combined generation capacity of 400MW.

Casablanca-based confectionery and chewing gum producer Maghreb Industries is close to fully implementing a 1,361kWp rooftop solar system combined with an ice-based storage system on the roof of its new factory.

The Green Climate Fund (GCF) has approved the allocation of up to US$110 million to the EBRD’s Kazakhstan Renewables Framework, at a meeting in Cairo.

The European Bank for Reconstruction and Development (EBRD) has issued a US$500 million global green bond that will be used to support the company’s Green Project Portfolio.

The European Bank for Reconstruction and Development (EBRD) is providing a US$28.5 million loan for a 50MW solar project in Egypt’s Aswan Province, which is being constructed by Saudi-based firm Alfanar Energy.

The European Bank for Reconstruction and Development (EBRD) and French financial company Proparco are set to help Egypt make major strides in the development of its renewable-energy sector.

The European Bank of Restructuring and Development (EBRD) is financing a second solar park in Kazakhstan following the 50MW Burnoye Solar 1 established in April 2014.