BNEF offers wide-range forecast for global solar demand in 2019

Bloomberg New Energy Finance (BNEF) has forecasted global solar demand in 2019 could increase by as little as 15% in 2019, reaching 125GW of new installations, up from preliminary forecasted and revised figures of 109GW for 2018.

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Dutch Development Bank & investor Symbiotic put US$35m into ZOLA Electric’s Tanzania push

The Dutch Development Bank (FMO) and investment firm Symbiotics have announced a US$32.5 million facility to finance ZOLA’s operations within Tanzania over the next five years.

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GCF backs solar mini-grids for 100 villages in Burkina Faso

The Green Climate Fund (GCF) is providing nearly half the funding necessary for a scheme to deploy solar mini-grids across 100 villages in Burkina Faso.

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Seraphim to open 500MW cell production capacity in South Africa

Seraphim Solar will establish 500MW of solar cell manufacturing capacity in South Africa. The expansion plans also include facilities for 200MW of half-cut cell module assembly in the country.

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60MW PV project in Malawi begins construction

Arthur Peter Mutharika, President of the Republic of Malawi, helped lead a groundbreaking ceremony to mark the start of construction of the 60MW Salima Solar project within the country.

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Africa’s ‘first’ C&I solar funds get US$6 million from OPIC

The US government’s Overseas Private Investment Corporation (OPIC) has provided US$6 million of debt for a commercial and industrial scale solar fund.

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Solar Philippines: Taking a hit on microgrids for emerging economies is an investment for the future

The economics of rural electrification using microgrids should be considered an investment for the future, akin to how Silicon Valley tech providers plough money into initially loss-leading products and services, the chief of developer and manufacturer Solar Philippines has said.

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Nigeria’s Unity Bank to use solar-plus-battery storage to drive forward switch from diesel

Daystar Power, a clean energy supplier based in Africa, has teamed up with Nigerian retail banking group Unity Bank to power the latter’s switch away from diesel, using renewable energy and energy storage.

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ENGIE signs 25-year PPA for Senegalese Scaling Solar projects

French energy giant ENGIE has signed power purchase agreements for two solar power plants in Senegal.

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African Development Bank makes strides on numerous energy projects in Africa

At the recently concluded Africa Investment Forum, the African Development Bank made a number of gains across the continent when it comes to the development of renewable-energy installations.

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Skills gap holding back global decentralised renewable energy sector

The distributed renewable energy (DRE) sector, necessary in a world with millions of people without power, is being held back by a chronic shortage of skilled workers. Indeed, Sub-Saharan Africa (excluding South Africa) has just 16,000 people working in renewable energy in a region with 600 million un-electrified people, according to the founders of a new campaign aiming to fill this skills gap.

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