U.S. micro inverter manufacturer Enphase Energy announced this month that it has entered into a securities purchase agreement to issue and sell 9,523,809 shares of the Company’s common stock at a price per share of $2.10 for gross proceeds of approximately $20.0 million to an entity affiliated with Isidoro Quiroga, a prominent Chilean entrepreneur and investor.
Nigerian Sokoto state government announced last week that it has awarded a contract for the construction of 250 solar powered water schemes to be sited in rural areas across the 23 local government areas of the state.
Capital Stage, a Hamburg-based solar and wind park operator announced this week a partnership with the Ireland Strategic Investment Fund (ISIF) to co-invest in the Power Capital (PC) portfolio, consisting of more than 20 parks with a total generating capacity of 140 megawatts (MW). It marks the first time that ISIF has committed to financing solar park developments in the country.
MIGA, a member of the World Bank Group, announced on January 9 guarantees of up to $102.6m in support of the construction, operation and maintenance of six solar power plants in Egypt. The power plants will collectively have a combined capacity of up to 250MW, and represent the first set of a total 12 projects approved by MIGA’s board in support of Egypt’s Solar Feed in Tariff (FiT) program.