European Investment Bank

Multilateral Banks Pile Onto Mexico Solar

Mexico’s phenomenal solar expansion over the last three years makes it one of the fastest growing solar nations on the planet. Much of this growth has been financed by a host of multilateral development banks, including several from the United States. Four of these banks have just committed to an 80 megawatt project in Chihuahua state being developed by Spain’s X-Elio.

Bifacial Solar Panels On Trackers Help RAI Win 50 Megawatt Solar Auction In Jordan

The bid that won a 50 megawatt solar plant award in Jordan for RAI Energy International was as low as it was only because the design was based on bifacial panels and on single axis trackers, says Mohammed S. Alrai, CEO of the San Jose-based company. At $0.0250 per kilowatt-hour, RAI secured second place among 30 bidders, edged out of first place by panel manufacturer Jinko, which bid $0.02488/kWh.