SolarReserve’s baseload solar 260 MW Copiapó project bids into the grid in April, having just cleared Chile’s permitting with a Resolución de Calificación Ambiental. With a price expected to be well under 10 cents per kilowatt-hour, the pioneering 24-hour solar project in Chile’s Atacama desert can compete on price against other baseload generation. Much … [continued]
Saudi Arabia’s ACWA Power has reported progress on the financial front of two landmark solar power projects in Morocco. A consortium led by ACWA Power announced that it has closed debt funding worth $2 billion for two concentrated solar power (CSP) projects in Morocco. ACWA Power will work with Spanish … [continued]
Project developers eager to set up solar PV power projects in Jordan took a shot at the lowest-ever tariff in the second round tender under the country’s solar power program. Jordan allocated 200 MW of solar PV power projects in the second round auction, after a total of 33 companies had … [continued]
Morocco’s ambitious Noor-Quarzazate project has received financial backing from the European Union. The European Union (EU) has granted a $47.8 million loan to the Moroccan Agency for Solar Energy (MASEN) for the 150 MW Noor III concentrated solar power project. According to media reports, the agreement was signed by EU Commissioner for … [continued]
Citigroup had recently announced plans to lend, invest, and facilitate deals worth $100 billion by 2025, to support projects that will fight climate change and protect the environment. While this might seem to be a lofty target, the company had previously set a goal of $50 billion for similar initiatives in 2007, and was able … [continued]
ACWA Power, together with Masdar, has joined a long list of international renewable energy project developers entering into agreements with the Egyptian government to set up large-scale solar power capacity. According to reports, the Egyptian government has signed agreements with a number of project developers to set up at least 6.5 … [continued]
The Dubai Electricity and Water Authority has launched a solar rooftop and net metering program as part of a new initiative called “Shams Dubai” which will allow generation of solar energy in buildings and their connection to the grid. Several local newspapers are claiming the initiative to be the first of its kind … [continued]
The 200 MW solar photovoltaic power project allocated to ACWA Power — which will sell electricity at the lowest price among all solar power projects across the world — has received debt financing. The 200 MW (260 MWp) solar PV project was allotted to Saudi Arabia-based ACWA Power by Dubai … [continued]
Originally published on RenewEconomy. The head of $25 billion Saudi power firm ACWA Power says that the cost of solar technologies are falling so quickly that within a few years the combination of solar PV and solar towers with storage will be able to compete directly with base load fossil … [continued]
Germany seems to be looking for new financial sources to push its solar power market to the next level. Germany has approached investors in Saudi Arabia for investment in the farmer’s solar power market. The investors are being promised 15% return on the capital invested. Germany is possibly the most mature … [continued]
