The financiers of the project are Japan Bank for International Cooperation, Mizuho Bank, and Al Rajhi Banking and Investment Corporation. Multinational law firm Pinsent Masons has advised on the project financing of 300MW Rabigh Solar PV IPP project to be built by a consortium led by Marubeni Corporation in joint venture with Al Jomaih Energy […]
EGYPT: Towards increased EBRD support for the green and sustainable economy
The Egyptian government is negotiating with the European Bank for Reconstruction and Development (EBRD) to expand the financial institution’s support for the green economy and sustainable development in Egypt. The European Bank for Reconstruction and Development (EBRD) is one of Egypt’s largest financial partners. Cairo wants to rely more on the EBRD to implement its […]
Saudi firm secures Japanese loan for 300MW solar power plant
Marubeni holds equity stake in South Rabigh Renewable Energy Company Japan Bank for International Cooperation (JBIC) has signed a loan agreement with South Rabigh Renewable Energy Company (SRREC) of Saudi Arabia, in which Marubeni Corporation holds an equity stake. JBIC will provide project financing amounting to US$78 million for the Rabigh Solar PV Plant, which […]
Leading telecom giant Bharti Airtel acquires an 8.53% stake in Avaada MHBhuldhana Pvt. Ltd.
Mumbai : Bharti Airtel, one of India’s largest telecom companies, joined hands with Avaada Energy and acquired an 8.53% stake in Avaada MHbuldhana Pvt. Ltd. to source 21.32 MW (DC) of Solar Power from Avaada MH Buldhana under the group-captive arrangement and thereby reduce its carbon footprints. Avaada Energy, one of the leading Independent Power […]
ETHIOPIA: Masdar to supply 500 MWp of solar energy in the coming months
The Emirati independent power producer (IPP) Masdar Clean Energy has just obtained the approval of the Ethiopian government to produce 500 MWp of solar energy. The electricity will be fed into the grid of the state-owned Ethiopian Electric Power (EEP). At least 500 MWp will be fed into Ethiopia’s national electricity grid in the next […]
KTDA Requests EOI For Solar PV Power Plants as IPP for its Power Companies
REQUEST FOR EXPRESSION OF INTEREST (EOI) FOR SOLAR PV POWER GENERATION PLANTS AS INDEPENDENT POWER PRODUCER (IPP) FOR KTDA MANAGED REGIONAL POWER COMPANIES The last date to submit the bids is March 30, 2021 For more information please see below link:
Scatec hails ‘transformational’ 2020 as renewables pipeline hits record 10.5GW
Scatec said it underwent a “transformational” year in 2020, with its total renewables pipeline now standing at a record high of 10.5GW. Reporting its full-year financial performance, independent power producer Scatec – rebranded from Scatec Solar following the acquisition of hydropower developer SN Power – revealed its total project pipeline, including projects nearing development within its backlog, […]
Sasol invites IPPs to bid for two embedded 10MW solar PV facilities
Sasol is inviting interested bidders to participate in a Request for Proposals (RFPs) process for the development of two embedded 10MW solar PV facilities at its South African operations. The solar PV facilities will be developed for the offices in Secunda, Mpumalanga and another in Sasolburg, Free State – as part of the company’s response […]
India to be a large market for storage batteries in two years: Khurshed Daruvala
Interview with chairman, Sterling & Wilson Solar Ltd With a thrust on clean energy in India and overseas markets, Sterling & Wilson Solar Ltd (S&W), the biggest global player in solar engineering, procurement and construction contracts, is planning to launch Rs 4,500 crore initial public offering (IPO). Company’s chairman Khurshed Daruvala, in an interview with Ateeq Shaikh, […]
