Tag: Utility Scale

Egypt Draws $1.8B To Develop 1.4 Gigawatts of Solar Capacity

Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.

The EBRD is backing 16 photovoltaic projects, and the IFC is financing 13 in the sunny North African nation with a combined capacity of 1.4 gigawatts. They are writing loans for $380 million and $203 million, respectively, and have mobilized the rest from co-investors.

Do Solar Owners Love Solar the Way Gun Owners Love Guns?

There has been talk for years about the need for the industry to mobilize rooftop solar owners into one group that together would represent one large voice in favor of solar-friendly local, state and federal policy. With more than 1,000,0000 installations in the U.S., that voice would certainly be loud and strong.

A loud, centralized voice couldn’t be more important in U.S. politics right now, where the Trump administration is eying tariffs, policies and rules that could crush the solar industry. One such initiative is the recent DOE directive that is looking to re-write the rules around compensation for power plants, a move that would pay solar and wind facilities less than coal or nuclear generation for the energy they produce.