UN and EU fund Solarcentury to build solar mini-grid projects in rural East Africa

Solarcentury collaboration with the EU and UNDP on mini-grid hybrid solar system projects in East Africa.

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ROUND-UP: Mobisol funding, CEFC commitment increase, Acciona Latam retail stores, Sungrow in Bahamas

Mobisol has secured funding from Finnfund for its East Africa expansion, CEFC’s investment commitments more than doubled last fiscal year, Acciona is supplying renewable energy to Latin America’s largest retail store chain, Sungrow has supplied inverters and an energy storage system to the Bahamas.

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Auctions to award 9.6GW of solar in Q3 2017 – GTM

More than 80GW of solar PV will be installed just in 2017, despite a slowdown in annual demand growth, according to the latest ‘Global Solar Demand Monitor Q2 2017’ from GTM Research.

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BBOXX to provide Togo with 300,000 solar home solutions

UK-based renewable energy company BBOXX announced Monday that it met with Faure Gnassingbé, the President of the Republic of Togo, to discuss the “CIZO” presidential initiative.

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World Bank approves US$54.4 million project to develop first large-scale PV plant in Mongolia

The World Bank announced last week that its Board of Executive Directors approved the Second Energy Sector Project, which will help strengthen Mongolia’s electric grid and develop a 10MW installation within the country.

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JA Solar establishes new Brazilian subsidiary

Silicon Module Super League (SMSL) member JA Solar has launched a Brazilian subsidiary known as JA Solar Brazil.

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South Africa’s Eskom opens battery demo facility for 2000MW energy storage need

South Africa’s main utility Eskom said it has identified a need for as much as 2,000MW of energy storage on its networks, and has opened a testing facility to find the technologies most suitable.

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USTDA backs tender request for 25MW hybrid solar-storage in Sierra Leone

The US Trade and Development Agency (USTDA) has put out a tender request for a 25MW hybrid solar-diesel-storage project in Sierra Leone.

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30MW Tanzania solar project wins Access Power’s US$7 million ACF competition

A 30MW solar PV project in Tanzania is one of the winners of Access Power’s US$7 million Access Co-Development Facility (ACF).

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EBRD signs off on support for 750MW of Egyptian solar

The European Bank for Reconstruction and Development (EBRD) has approved US$500 million of financing for 750MW of PV projects in Egypt.

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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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