African Development Bank funded 30 MW solar project in Chad
Chad’s Gassi and Lamadji solar plants received EUR 28 million funding from AfDB to generate 61 GWh annually. Read details here.
Business Bytes
GE Vernova and Sonelgaz explored Algeria’s energy projects
GE Vernova and Sonelgaz explored Algeria’s energy goals, focusing on 15 GW renewables by 2035. Read more here.
LRE completes 200 MW Morrow Lake Solar in Texas
Morrow Lake Solar project by LRE delivered 200 MW of clean energy to Microsoft upon completion. Discover the full story here.
re:cap acquires 51.7 MW PV projects from Milivio in Germany
re:cap green energy acquired a 51.7 MW solar portfolio from Milvio Energy, with Capcora and legal advisors involved.Learn about the locations and timeline here.
rPlus Energies strengthens portfolio with new financing deals
Pleasant Valley Solar 2, backed by rPlus Energies, Deutsche Bank, CIBC, Crédit Agricole, and KeyBanc, secured $304M to support Meta’s clean energy goals. More here.
KYOCERA and Hello Sunray completed Ohio solar project
Hello Sunray and KYOCERA completed an Ohio solar project, reducing reliance on traditional energy with advanced monitoring systems. Learn more here.
Convergent obtained $559.4M DOE loan for Puerto Rico projects
DOE granted a $559.4 million loan guarantee to Convergent for solar and battery projects in Puerto Rico, enhancing grid resilience and clean energy. More details here.
Neoen secured AUD 1.4B for Australian Renewable projects
With AUD 1.4 billion secured from 11 lenders, including ANZ, Bank of China, and Westpac, Neoen financed 1.3 GW of renewable energy projects in Australia. Discover more here.
Competition from Chinese imports forces Norsun into bankruptcy
Norsun, Norway’s last solar component manufacturer, declares bankruptcy, citing market pressures and Chinese competition. Read more here.
Ecofy and Federal Bank offer affordable loans for MSME solar projects
New co-lending program from Federal Bank and Ecofy aims to finance 3,600 kW of rooftop solar annually, reducing 2,500 tons of CO₂ emissions. Details here.