AFRICA AND MIDDLE EAST ASIA PACIFIC
to Sell Project
IBC SOLAR Energy GmbH
in September said it signed
an agreement on the sale of
a 37-M W Japanese project
IBC SOLAR and BRUC Capital signed a framework agreement for the sale of a project
pipeline comprising 27 solar PV
parks in Japan to be built within the next three years. The
corresponding initial investment exceeds 90 million euros
Macquarie Group and BRUC
Capital will join their contributions in order to finance the
The agreement includes the
sale transaction of the first two
projects: a 1. 6 MWp plant in the
Toyama prefecture and a 0.5
MWp plant in the Gifu prefecture. Construction of another two PV plants with a total
capacity of 3. 5 MWp located in
the Saitama and Ibaraki prefectures also began this year.
“We are developing a consistent pipeline of more than
400 MW in Japan, India and
South East Asia,” José María
Llopis, CEO of IBC SOLAR
Energy, said. ￮
Construction Begins on Largest
Rooftop Solar Project in Middle East
Phanes Group rooftop solar specialist Green Energy Tomorrow in
October started construction on the DP World Solar Project in Dubai,
United Arab Emirates (UAE).
Phase one of the project will have 88,000 rooftop solar panels, making it the largest rooftop solar project in the Middle East.
Green Energy Tomorrow is deploying the 22-MW array on DP World
warehouses, office buildings and car parks in Jebel Ali Free Zone
(Jafza) and Mina Rashid Port.
The solar panels will provide 40 percent of the total energy consumption of Jafza when phase one is completed next year, according
to Phanes Group.
“Establishing solar on every rooftop in the UAE starts with positive
action from our industrial economy capitalizing on a good regulatory
environment, to dramatically reduce both carbon impact and operating costs,” Martin Haupts, CEO of Phanes Group, said. ￮
US Finance Institution Commits
$250M for Senegal Wind Farm
The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, in September said that it has
signed a commitment with Lekela Power for the development, construction and operation of a 158-MW wind farm in Taiba N’Diaye, Senegal.
OPIC committed $250 million in financing and $70 million in reinsurance to Parc Eolien Taiba N’Diaye.
“OPIC partnering with Lekela illustrates the opportunity for renew-
able resources to make a significant contribution to total energy needs,”
OPIC President and CEO Elizabeth Littlefield said. “OPIC is proud to sup-
port the Taiba wind project and its role in advancing Senegal’s econom-
According to OPIC, the project is expected to increase Senegal’s
available installed power capacity by 24 percent. The project is a crit-
ical component of Senegal’s power generation and sustainable ener-
gy growth plan, and supports the goals of the U.S. government’s Power
Africa initiative, OPIC said. ￮