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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OPWP launches tender for Oman’s first large utility scale solar IPP project

Oman Power and Water Procurement Company (OPWP), member of Nama Group, announced the launch of the first large utility scale solar PV independent power project (IPP) in Oman.

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ACWA Power closes financing for 61.3MW solar IPP project in Jordan

Saudi energy company ACWA Power announced that the 61.3 MWp Risha PV IPP project achieved financial close on 20th December 2017.The financing comprises senior loans of US$ 22 million from the European Bank for Reconstruction and Development (EBRD) and US$ 16 million each from Deutsche Investitions- Und Entwicklungsgesellschaft Mbh (DEG) and Arab Bank to Risha for Solar Power Projects PSC.

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European Commission approves Greek auction scheme for electricity production from renewables

The European Commission announced this week that it has approved a Greek auction scheme for the production of electricity from renewable sources and high efficiency cogeneration which will further EU energy and climate goals whilst preserving competition.

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Foresight Solar Fund completes acquisition of three solar farms in Australia totalling 117 MW

UK-based renewable investment firm Foresight Solar Fund announced this week the completion of the acquisition of the Canadian Solar portfolio consisting of three construction stage assets in Queensland, Australia, representing 117MW of peak capacity once installed.

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