Saudi Arabia signs MoU with Softbank to establish world’s largest solar project

Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Vice President of the Council of Ministers and Minister of Defense and the Chairman of Board of Directors of the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia, signed on March 28 with Softbank Group Chairman and CEO Masayoshi Son, a memorandum of understanding (MoU) to set up “Solar Power Project 2030” to be the largest of its kind in the world in the field of solar energy.

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Enphase Energy Announces $20 Million Private Equity Offering

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.

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Sokoto state government awards contract to construct 250 solar-powered water schemes in rural areas

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.

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Capital Stage and ISIF to invest €140m with Power Capital in 20 solar PV parks in Ireland

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.

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MIGA to support construction of six solar PV plants in Egypt with $102.6M in financing

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.

 

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