IFC supporting Madhya Pradesh to attract US$750 million investment for 750MW PV plant

The International Finance Corporation (IFC), part of the World Bank Group, is supporting the government of the Indian state of Madhya Pradesh to implement a 750MW solar plant near Rewa.

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Solar investment tops US$160 billion in 2015 despite oil price plunge, says BNEF

Global investment in solar energy in 2015 reached a record US$161.5 billion off the back of 57GW of PV installations, according to the latest data from Bloomberg New Energy Finance (BNEF).

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UK firm completes first securitisation of African off-grid solar

UK off-grid solar firm BBOXX and Dutch social investor Oikocredit have closed the first ever securitisation of African off-grid solar arrays.

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Top Indian PV developer ACME sees opportune moment for piloting solar-plus-storage

One of India’s largest solar developers, ACME Cleantech Solutions, believes that its strong track record in PV installations will set it in good stead to pioneer solar-plus-energy storage solutions across the country, in what it claims is an opportune moment to start pilot projects.

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Energy Storage 100 invites industry’s heavy hitters and most influential players

Globally, energy storage is developing rapidly. Businesses that are shaping the market are being asked to nominate themselves to join the Energy Storage 100, a new industry initiative from Energy Storage News’ publisher, Solar Media.

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Mobile school for refugees in France will be powered by PV and energy storage

A team of teachers volunteering to educate refugees and displaced peoples among the camps of Calais in northern France, will power a mobile school with a solar-plus-storage system.

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Off Grid Electric’s Africa electrification push attracted US$70 million investment this year

Off Grid Electric, a company specialising in providing electrification to rural communities, has created a US$45 million investment vehicle, bringing its total raised this year in equity and debt financing to US$70 million.

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COP21: Renewables-plus-storage can help developing world decarbonise, faces challenges

Renewables with energy storage can help build low carbon energy networks in the developing world – but the twin technologies still face competition from natural gas while they gradually mature, according to an electric power systems maker and integrator.

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Renewable investment surges in emerging economies, BNEF study finds

Investment in clean energy surged in emerging economies during 2014, the Bloomberg New Energy Finance (BNEF) Climatescope report has found.

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Storage companies vie for attention at Solar Power International show

Start-ups and established players in energy storage alike will compete for attention at this week’s Solar Power International, which opens today in Anaheim, California.

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ABB to minimise diesel in Africa micro-grids using flywheels and batteries with renewables

Swiss-headquartered power and automation specialist ABB is to use its PowerStore technology, involving flywheels with wind and batteries plus solar, to integrate renewable energy and reduce reliance on diesel fuel in two separate micro-grid projects in Africa.

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