scaling solar

Zambia plans another 500MW of renewables auctions, NTPC installs robot cleaners, aleo and DC Solar install commercial system in US, GE Renewable Energy equips first US commercial solar-wind hybrid project and Soltage brings a 3.7MW solar project online in Massachusetts.

Investors from Solarcentury and Actis imparted wisdom on how to manage the risks and reap the benefits of African PV at Solar Media’s Solar Finance & Investment Europe event.

Doubt has been cast on the International Finance Corporation’s (IFC) ‘Scaling Solar’ programme after a panel of investors revealed it could be fostering a race to the bottom for unrealistic tariffs, diverting focus from essential bankability.

Italian renewable energy firm TerniEnergia continues to strengthen its position in the African PV market with its latest 34MW EPC and O&M contract in Zambia.

Zambia set a new benchmark for low-cost solar power in Africa on Monday with a competitive auction under the ‘Scaling Solar’ programme, which saw winning bids as low as 6.02 cents/kWh.