The Chinese module maker will supply 1,292 MW of PV modules for Larsen & Toubro’s two solar EPC projects in Saudi Arabia.
The Indian multinational EPC provider has successfully closed a three-year $107 million sustainability-linked loan with Sumitomo Mitsui Banking Corp.
The modules are built with made-in-India cells and therefore eligible for government projects and schemes mandating domestic content requirement (DCR).
The developer has refinanced its 350 MW of solar projects with a long-tenor debt facility of $200 million.
A Saudi Arabian startup has developed a modular solar panel for agrivoltaic applications. It is specifically designed for locations with high solar radiation levels and protects plants and crops from excess sunlight.
Japan’s Itochu has announced a new tie-up with France’s Rosi Solar, which develops tech to recover and recycle high-purity silver, copper and silicon from solar modules.
The Energy Access Relief Fund, managed by Social Investment Managers and Advisors (SIMA), has approved $1.999 million for a subsidized 5% USD financing to Loom Solar.
The nation installed 9.3 GW of utility-scale solar, 1.3 GW of rooftop arrays, and 0.6 GW off-grid PV projects from January to September this year.
The Indian manufacturer has introduced wall-mount hybrid solar inverters with nominal power ratings of 3.68 kW, 4.6 kW and 5 kW. The inverters are compatible with both lead-acid and Li-ion battery.
Three import deals signed by the EU at Sharm El Sheikh during this month’s COP27 summit show the European Union is serious about harnessing green hydrogen for its heavy industry, and about distributing the fruits of the energy transition on an equitable basis.
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