African solar must find its feet beyond development finance

Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.

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IFC to provide US$55 million in funding for Mozambique’s first utility-scale PV project

The International Finance Corporation, a member of the World Bank Group, announced Wednesday that it will provide a financial package of US$55 million to build Mozambique’s first utility-scale PV project.

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India’s large-scale solar-plus-storage tender held up by record low PV prices

India’s first grid-scale solar-plus-storage tender has been held up by the extreme drop in the country’s solar PV prices this year, according to Rahul Walawalkar, executive director of the Indian Energy Storage Alliance.

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ROUNDUP: Namibia 5MW, Pune Metro 17MW, Adani Green subsidiary change, Cuba 4.4MW

SunEQ signs PPA for 5MW Namibia project, India’s Pune Metro plans 17MW solar, Adani Green Energy no longer Adani subsidiary, Cuba to get 4.4MW PV project

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Cook Islands latest Pacific territory to use batteries and solar to replace diesel

The Cook Islands in the Pacific will host a 5.6MWh lithium-ion battery energy storage system for the integration of renewables, in a project funded by the Asian Development Bank, European Union and Global Environmental Fund.

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ADB supporting clean energy schemes in the Pacific

Manila-based bank, the Asian Development Bank (ADB) is partnering with governments, communities and the private sector to support clean energy projects in the Pacific region.

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Enel commissions 158MW solar park in Brazil

Enel Green Power (EGP), a subsidiary of Italian power giant Enel, has commissioned its 158MW Lapa solar park in Bahia, which is currently the largest PV project operating in Brazil.

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Zambia’s IDC prequalifies 12 bidders for 300MW solar auction

A total of 12 bidders have been prequalified following the Request for Qualifications (RFQ) for Zambia’s second round of Scaling Solar tenders for up to 300MW of PV projects.

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Vietnam solar PPA is ‘non-bankable’

A consortium of international chambers of commerce has advised the Vietnamese government that its draft solar PPA template is “non-bankable” and cannot attract financing for PV in Vietnam, particularly for medium and utility-scale projects, according to documents seen by PV Tech.

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100MW of energy storage included in Queensland’s 400MW renewables tender

The Australian state of Queensland has announced a 400MW renewable energy auction with 100MW ring-fenced for energy storage.

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India ROUNDUP: Official 5% GST for solar, SBI 100MW rooftop, US$100m ADB loan to Punjab rooftops

India’s GST Council officially confirms 5% tax on solar equipment, SBI 100MW rooftop approval, ADB US$100 million loan for Punjab rooftops.

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