World set to install 593 GW of new solar in 2024 - Ember
Sep 19, 2024 13:28 CESTThe New Development Bank (NDB) said Wednesday it has approved a CNY-525-million (USD 75.5m/EUR 72.7m) sovereign project loan for the 100-MW Shanghai Lingang distributed solar power scheme.
The loan agreement was signed with the Chinese Ministry of Finance on December 21. This marks the bank's first project in China, according to the press statement.
The 100 MW of photovoltaic (PV) capacity will be divided into several smaller projects in the Lingang Industrial Area -- one of the six major functional development areas of Shanghai. Shanghai Lingang Hongbo New Energy Development Co Ltd will implement the projects over a period of 3 years.
In July 2016 NDB issued a green bond in the China onshore interbank bond market. The Shanghai Lingang project will be financed with part of the proceeds from the CNY-3-billion transaction.
NDB was created by Brazil, Russia, India, China and South Africa (BRICS) to support infrastructure and sustainable development initiatives in emerging economies. It has already okayed seven investment projects thsi year throughout all member countries, of over USD 1.5 billion (EUR 1.44bn).
(CNY 1.0 = USD 0.144/EUR 0.139)
World set to install 593 GW of new solar in 2024 - Ember
Sep 19, 2024 13:28 CESTIEA urges proactive measures to integrate renewables
Sep 18, 2024 11:17 CESTTigo Energy claims Chinese firm infringes on rapid shutdown patent
Sep 06, 2024 9:46 CESTWorld expected to install 592 GW of solar modules in 2024 - BNEF
Sep 02, 2024 12:30 CESTJinkoSolar reports 22% y/y drop in revenue despite higher shipments
Aug 30, 2024 16:16 CESTBlueFloat, China’s Dajin to partner on floating wind supply chain
Sep 19, 2024 15:04 CEST