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Tag Archives: solar

Solar power now covers more than 1% of global electricity demand

ROME: Solar power now covers more than 1% of global electricity demand. In three countries in Europe – Italy, Germany and Greece solar PV supplies more than 7% of electricity demand. This is reported by Solar Power Europe (previously EPIA – European Photovoltaic Industry Association). China is the fastest growing market. Research company GlobalData has adjusted projected new capacity in ... Read More »

Shams Maan solar project to start in September 2016: Energy Minister

AMMAN: Jordan is set to witnesses the launch of several solar power plants in the next few years following Tuesday’s launch of the Middle East’s largest solar power plant, located in Maan. The launch of construction work on the Shams Maan Project represents a milestone towards Jordan’s adoption of environment-friendly sources of energy, according to the companies implementing the scheme. ... Read More »

Major solar power launches in southern Jordan worth of $170m

AMMAN: A major solar power venture has got underway in Jordan’s southern governorate of Ma’an with investments totaling $170 million and targeted electricity output of 52.5 megawatts. Shams Ma’an Power Generation PSC, the company which will carry the project, launched the construction phase of the electricity generation venture which will use photovoltaic cells. The venture is the first of its ... Read More »

Major solar power launches in southern Jordan worth of $170m

AMMAN: A major solar power venture has got underway in Jordan’s southern governorate of Ma’an with investments totaling $170 million and targeted electricity output of 52.5 megawatts. Shams Ma’an Power Generation PSC, the company which will carry the project, launched the construction phase of the electricity generation venture which will use photovoltaic cells. The venture is the first of its ... Read More »

German bank offers $1.55b loan for rooftop solar projects in India

NEW DELHI: The German bank has already offered $1.55bn loan, to help develop a ‘green corridor’ of power lines across nine states. Indian Ministry of New and Renewable Energy secretary Upendra Tripathy was quoted by Reuters as saying: “The prime minister discussed this and KFW in principle agreed to examine our request.” Last December, KfW said it would support the ... Read More »

Chinese solar sector hit by new trade complaint in Europe

BEIJING: A recent complaint filed with the European Commission (EC), alleging that Chinese solar companies are dodging higher trade tariffs by routing their exports through a third country, could further damage an already weakened relationship between China’s PV sector and Europe, reports the Securities Daily. EU ProSun, an industry group set up by European solar companies, has claimed that Chinese ... Read More »

Chinese solar sector hit by new trade complaint in Europe

BEIJING: A recent complaint filed with the European Commission (EC), alleging that Chinese solar companies are dodging higher trade tariffs by routing their exports through a third country, could further damage an already weakened relationship between China’s PV sector and Europe, reports the Securities Daily. EU ProSun, an industry group set up by European solar companies, has claimed that Chinese ... Read More »

TuNur solar projects in north Africa to power over 2m homes in UK

BRUSSELS: One of the most interesting solar projects around, TuNur, hopes to generate two nuclear power plants’ worth of renewable electricity in the Tunisian desert, export it to Italy via a 1,000km high-voltage DC cable and connect it to European grids as far afield as the UK, where it could power over 2m homes. Three developments are helping and could ... Read More »

UK installs total 1.6GW of utility-scale solar capacity in Q1

LONDON: The UK installed more than 1.6GW in the first quarter following the Cameron Government’s decision last year to prematurely end the renewable subsidy scheme, market analysts IHS has found. With the early end on April 1 of the Renewable Obligations scheme for projects larger than 5MW, the country added 110 projects which brought its cumulative utility-scale solar capacity to ... Read More »

Jordan’s Philadelphia Solar closes financing of $15.5m for 10MW power plant

AMMAN: Jordan’s Philadelphia Solar has closed financing on a 10 MW PV power plant under round one of the country’s FIT scheme. The company says it is the first project to do so under the FIT scheme. Those Jordanian banks are showing readiness to provide debt financing for utility scale solar is a positive sign for the industry. Jordan continues ... Read More »

10,400MW more electricity in 4 years as PM signs power projects in China

ISLAMABAD: Pakistan will soon overcome power crisis as 10,400 megawatt electricity would be added to the national grid during the next three to four years. This was stated by Prime Minister’s spokesman Dr Musadik Malik, while giving an interview. He said that Prime Minister Nawaz Sharif had signed several power projects in China that would help improve the availability of ... Read More »

Hydro, 100MW solar projects to overcome energy crisis: CM

LAHORE: High-level French and Norwegian delegations called on Punjab Chief Minister Shahbaz Sharif and discussed matters of mutual interest. Norwegian Ambassador in Pakistan Leif H Larsen discussed matters of mutual interest, promotion of bilateral relations and cooperation in various sectors with the CM and offered him to provide modern training to Punjab police. Meanwhile, a high level delegation of prominent ... Read More »

China to invest $50 billion, will apply Shanghai-model in Gwadar

LAHORE: China is planning replicating the model of Shanghai Free Trade Zone (SFTZ) in Gwadar to interlink the entire region, including Pakistan, Iran, China and Central Asian States. Highlighting various projects, Pak-China Joint Chamber of Commerce and Industry President Shah Faisal Afridi has said that China will invest $50 billion till 2017 in a number of projects including coal, solar ... Read More »

Chinese assistance for economic corridor not loans: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that the Chinese assistance to Pakistan under ‘China Pakistan Economic Corridor’ was not loans but foreign direct investment (FDI). “Today there is a mad race among all countries to attract maximum FDI for higher growth rates. Energy projects with Chinese assistance were a source of oxygen for our ... Read More »