investment

Bitcoin and other cryptocurrencies can overcome Africa’s relative lack of financial infrastructure and unlock its solar potential, according to the CEO and founder of The Sun Exchange.

The Abu Dhabi Fund for Development (ADFD) has financed a two-year renewable energy training programme for Pacific Island countries.

Australian large-scale renewables investor Lyon Group has confirmed it is selling three projects under development, totalling 800MWh of energy storage and 545MW of PV generation capacity, in Queensland, Victoria and South Australia.

Canadian Solar has been awarded contracts for projects in Mexico totalling 367MW of capacity.

India’s government has signed a $98 million loan agreement and US$2 million grant agreement with the World Bank to facilitate India’s 2022 renewable energy target through solar parks.

GCL New Energy Holdings (GNE), the downstream independent PV power producer arm of leading polysilicon and solar wafer producer GCL-Poly Energy Holdings, has secured a HK$8,000 million (US$1.02 billion) in new finance.

A 337MW PV portfolio in Mexico has reached financial close, according to Mexico’s Secretariat of Energy (SENER).

UK based firm, VINCI Energies has won a €26.9 million contract to build eight PV power plants in Senegal with a combined capacity of 17MW.

ERG Power Generation, subsidiary of ERG, has signed off on an agreement with VEI Green to acquire 100% of ForVei — a joint venture between VEI Green and Foresight.

The German Development Bank (KfW) and the African Trade Insurance Agency (ATI) have set up a new credit facility instrument built to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale renewable energy projects (up to 50MW).