SOLAR-

Egypt launches solar energy platform: Egypt's Electricity and Renewable Energy Ministry has launched the Egypt Solar Energy Platform, which allows individuals and companies to track the installation of solar power stations and their connections to the national electricity grid. The platform offers guidance on the installation of PV cells, the costs involved, and the needed capacity and lists qualified installation companies.

GREEN FINANCE-

UK’s Hive Energy secures EUR 19 mn for overseas energy projects: UK-based renewable energy developer Hive Energy has received EUR 19 mn in funding from Santander bank — facilitated by the UK’s export credit agency UKEF — to fund new and ongoing projects in countries including Turkey and Serbia, according to a statement. Hive Energy specializes in developing solar power, battery storage and green hydrogen projects, and will expand upon its existing 11 MW capacity in Turkey as well as establish projects in Serbia.

Hive has big plans for Turkey: The energy company announced in early 2023 that it was looking to invest USD 4 bn to develop solar farms generating a combined 4 GW of power in Turkey. Hive Energy said it would partner with Turkish firms Çuhadar Energy and Viva Energy to develop some of the plants — with a total capacity of 3 GW — upon raising the needed funds.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Bahrain’s Imerys Al Zayani opens 4.7 MW solar plant:Imerys Al Zayani, a JV facility between Imerys Fused Minerals International and Zayani Industries, has launched a 4.7 MW solar PV station that will power the production of white and compact fused alumina. The initiative will also cut 5k tons of CO2 emissions annually. (Gulf Daily News)
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