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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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IFC and Scatec Solar to develop $55M solar power project in Mali

IFC, a member of the World Bank Group, announced on July 9, that IFC InfraVentures, the global infrastructure project development fund, and Scatec Solar, a Norwegian company specializing in photovoltaic solar systems, have signed documents to develop the $55 million Scatec Segou solar power project in Mali with a local developer, Africa Power 1 SA.

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