Azure Power wins 250MW Indian local content solar auction

Azure Power has submitted the lowest bid of INR3.14 (US$0.048) in a 250MW solar auction under the Domestic Content Requirement (DCR) held by Indian utility NTPC.

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M-KOPA secures US$80 million in commercial debt funding to finance off-grid PV sites

Off-grid solar company M-KOPA Solar has secured US$80 million in committed debt financing, which will be used over the next three years to provide financing for pay-as-you-go PV projects in one million homes in Africa.

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TEE and Malaysia Solar partner on Southeast Asian PV opportunities

Engineering and real estate firm TEE International, part of TEE Group, has formed a joint venture with PV firm Malaysian Solar Resources (MSR) to focus on Singapore solar tenders and explore investment opportunities in Southeast Asia.

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Queensland tender draws 6GW of energy storage, 6.4GW of solar PV project proposals

Queensland’s tender for 400MW of large-scale renewables and 100MW of energy storage has received 115 proposals from 79 different entities spanning a wide range of technologies, according to the state’s energy minister Mark Bailey.

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Vionx completes ‘revolutionary, safe and reliable’ 3MWh flow battery installation at Holy Name High

Vionx, National Grid and the US Department of Energy have teamed up to install a 3MWh flow battery-based energy storage system in Massachusetts.

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Queensland tender draws 6.4GW of solar and 6GW of storage proposals

Queensland’s tender for 400MW of large-scale renewables and 100MW of energy storage has received 115 proposals from 79 different entities spanning a wide range of technologies, according to energy minister Mark Bailey.

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GE to provide 174MW of 1,500V inverters to Atlas Renewable Energy PV projects in Brazil

Digital industrial company GE Power is providing its LV5 1,500V inverters to two Atlas Renewable Energy solar projects in Brazil.

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Oolu raises US$3.2 million in funding to expand operations in Africa

Oolu, a Senegal-based start-up company and PV corporation in Africa, has successfully raised US$3.2 million in equity investments. This Series A fundraising follows its seed round in 2015 and will support the company’s growth and strategy as it looks to expand its customer base in West Africa.

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UK regulator sets rules on DNO ownership of energy storage, as one puts US$5m battery online

UK electrical distribution system operator Northern Powergrid has begun using a £4 million (US$5.27 million) battery paid for by consumers to sell services to National Grid, despite plans from the national regulator Ofgem to prevent distribution network operators (DNOs) from doing so in future.

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Brazilian green bond issuance exceeds US$3.5 billion

A new report from the Climate Bonds Initiative noted that the Brazilian green bonds market has now reached US$3.67 billion.

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Report: Tanzania’s mini-grid sector making major strides following new policy implementation

A new report from the World Resources Institute sheds some light on the growth of the mini-grid sector within the country of Tanzania.

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