The New Development Bank (NDB) have signed a US$300 million loan agreement with the Brazilian Development Bank (BNDES) to support investment in wind, solar, small hydropower plants, biomass, biogas and agricultural residues.
Ecoligo is a Berlin-based crowdfunding start-up for solar projects in Africa’s commercial and industrial (C&I) market. Even though it is a company still very much in its infancy, it is already making waves by providing competitive alternatives to traditional bank loan products and connecting German private investors to tailored off-takers.
The Department of Energy (DoE) of the Philippines has progressed solar projects with a combined total of 162MW of capacity, along with a 30MW battery energy storage project to grid impact testing (GIS) stages, according to consulting firm Enerdata.
A 50MW grid-tied solar PV plant in Nigeria’s Kaduna state has been selected as one of the winners for financing under Access Power’s Access Co-Development Facility (ACF) fund – the first crowdsourcing origination platform of its kind that provides funding to local developers.
The Kenyan Rural Electrification Authority’s (REA) chairman, Dr. Simon Gicharu, announced this week that the construction on a 55MW solar project in Kenya is set to begin.
Vietnam has confirmed a long-awaited feed-in tariff (FiT) scheme for utility-scale solar projects along with a net metering scheme for rooftop PV systems.
Babatunde Fashola, Nigeria’s Minister of Power Works and Housing, has signed off on two put/call option agreements (PCOA) with solar developers Afrinegia Nigeria Limited and CT Cosmos Nigeria Limited.
Having been slow to actively encourage solar deployment in comparison to other major South American markets, Argentina has now declared 2017 as a “Year of Renewable Energy”, under a decree from its official gazette.
German storage manufacturer Tesvolt has been awarded a project to power water pumps in Rwanda with 2.68MWh of battery storage linked to a utility-scale solar system.
