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Oman Awards 1GW Solar Projects – EQ Mag

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State-offtaker OPWP has awarded contracts for 1GW of new solar power plants. But start-up of the 500MW-each Manah 1 & 2 solar plants has been delayed by a year with completion not now expected until mid-2025. State power offtaker Oman Power and Water Procurement Company (OPWP) has awarded contracts for two 500MW solar plants at […]

Zambia, UAE to develop $2 billion solar projects – EQ Mag

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Zambia’s state-owned power utility Zesco has signed an agreement with the United Arab Emirates’ renewable energy company Masdar to develop solar projects worth $2 billion, the southern African country’s President Hakainde Hichilema said on Tuesday. The two companies will form a joint venture to facilitate investment in Zambia’s renewable energy, he said in a statement. […]

USDA funds several solar projects in Mid-Missouri – EQ Mag

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Federal grants are empowering solar panel projects at several Mid-Missouri businesses. The United States Department of Agriculture announced a $169,191 investment in Mid-Missouri Dec. 15, which will be used to help nine businesses reduce their carbon footprint and install more energy-efficient systems. The grant money, which ranges from $2,500 to more than $38,000, will touch […]

IFC backs Egyptian renewables – EQ Mag Pro

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A major Egyptian energy company has funding for solar projects, thanks to support from the international community, on a deal which involved legal advice from Egypt and abroad. International Finance Corporation (IFC), the World Bank’s development finance institution (DFI) has provided a USD 150 million loan to Egyptian energy company Elsewedy Electric to fund renewable […]

Egypt’s Elsewedy secures USD 150m for solar projects – EQ Mag Pro

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Egyptian energy solutions provider Elsewedy Electric S.A.E (EGX: SWDY.CA) has secured a USD-150-million (EUR 142.62m) loan from the International Finance Corporation (IFC) to fund new solar projects and improve the energy efficiency at its existing manufacturing facilities. The loan will enable Elsewedy to finance infrastructure projects which mainly cover the development and acquisition of solar […]