IFC, Canadian government announce partnership to spur renewable energy in Africa

IFC, a member of the World Bank Group, and the government of Canada has formed a financial partnership that will utilise public funding to generate private sector investments to spur renewable energy in Sub-Saharan Africa.

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India’s first World Bank solar park loans sanctioned for Madhya Pradesh

Indian Renewable Energy Development Agency Limited (IREDA) has signed an agreement with Rewa Ultra Mega Solar Limited (RUMSL) to finance two major solar parks in the state of Madhya Pradesh with a first loan of INR2.1 billion (US$33 million).

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Africa Development Bank plans 10GW of solar across the Sahel by 2020

This is expected to supply power to 250 million people, with 90 million of these provided through off-grid systems.

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SECI tenders 2GW of solar connected to India’s inter-state transmission system

Solar Energy Corporation of India Limited has issued a Request for Selection (RfS) for 2GW of inter-state transmission system (ISTS)- connected solar projects across India.

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US confirms nations exempt from solar import tariffs

The US government has confirmed which countries shall be exempted from the newly-announced 30% import tariffs on solar cells and modules.

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ROUNDUP: ENGIE acquires EPS, E.On’s Texas Waves complete, Remote Chilean residential batteries

News in brief from around the world of energy storage.

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Sri Lanka’s CEB issues RfP for 90MW of small-scale solar

The Ceylon Electricity Board (CEB) has issued a request for proposal (RfP) for 90 small-scale solar projects of 1MW capacity each under the second stage of the Suryabala Sangramaya Programme – Phase II.

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Akuo Solar secures financing for 50MW solar project in Mali

The West African Development Bank (BOAD), Emerging Africa Infrastructure Fund (EAIF), the National Bank of Agricultural Development of Mali (BNDA), Green Africa Power (GAP) and GuarantCo have agreed to finance a 50MW PV project in Mali.

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‘Surprise’ four-fold oversubscription in Karnataka’s 860MW PV tender just as another 1.2GW issued

Karnataka’s 860MW solar tender has been oversubscribed by four times and the state has released another 1.2GW tender, to the surprise of a top analyst firm that foresees grid integration troubles ahead.

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Off Grid Electric using US$55 million financing from EDF, GE and others for Ghana expansion

Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).

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EDF, GE fuel Off Grid Electric’s Ghana push with US$55 million Series D financing

Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).

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