The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have announced USD 46 million in concessional loans for four renewable energy projects in developing countries. The loans will fund a wind and solar project in Antigua and Barbuda, a solar project in Burkina Faso, a solar and wind project in Cabo Verde and a solar project in Senegal. The four projects will result in nearly 12 MW of new renewable energy capacity, reduce emissions, create jobs, and electrify rural communities without access to modern energy services.- Guzman Energy has reached an innovative agreement with the City of Aztec, New Mexico to serve as the city’s primary power source – as well as construct, own and operate a solar energy farm. The project, which combines traditional power supply with the development and ownership of solar energy, will reduce the city’s energy costs as well as provide residents with clean renewable energy.
- Zoetic Global, a US-based project developer, has executed a 20-year power purchase agreement with the Electricity Company of Ghana (ECG) for 100 MW of additive power generation at the nation’s Akosombo Dam on Lake Volta. The project will involve an array of modular hydrokinetic turbines to be deployed in the post-dam wash of the Akosombo Dam. The In-Stream Auger Turbine (IAT) technology being used is designed for high efficiency power generation from flowing water and will leverage existing infrastructure at the dam site including grid connections, access roads, and on-site maintenance buildings.
- Open Energy, an innovative commercial solar debt finance provider, has announced the closing of a loan totaling $1.2 million to SunLight General Solar Fund III. The New York City based investment fund invests in distributed generation solar projects. The SunLight investment fund received a hybrid term and construction loan for four commercial solar projects, including a school district and a private business in New Jersey, as well as a school district and a municipality in Massachusetts.
