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.
Two major financing institutions are providing parallel loans totalling US$71 million to Jordan-based firm Al Ambaratouria LL Taka Al Shamsia, which is owned by Fotowatio Renewable Ventures (FRV), to construct a 67MW solar project.
Post-Brexit the world is not on fire. To learn more about the realities of the new normal, PV Tech publisher Solar Media has convened a cross-channel group of experts overseen by the law firm Eversheds and chaired by veteran energy journalist Terry Macalister. Here, he forms his first view on the mood of the assembled investors, operators and policy experts in the forum.