Solar Power News

US independent power producer REC Solar has rebranded as REC Power, taking on a name that better represents its expanded portfolio of distributed energy assets including solar, battery storage, fuel cells and micro-grids,

Egypt has earmarked about 380 square kilometres (93,900 acres) of land in Beni Suef Governorate for private investment in renewable energy projects, offering an area capable of hosting up to 2 GW of wind power or 20 GW of solar capacity.

South African financial services firm Maia Capital Partners said on Wednesday it has provided ZAR 150 million (USD 9.14m/EUR 8.02m) in mezzanine debt funding to commercial and industrial (C&I) renewable energy company Nesa Power to support the expansion of its solar portfolio.

The Multilateral Investment Guarantee Agency (MIGA) is providing an up to EUR-13.05-million (USD 14.86m) guarantee to support the construction of a 100-MW solar project in the Sidi Bouzid region of Tunisia.

German solar engineering, procurement and construction (EPC) contractor Belectric has been awarded a contract to build the 148-MWp Westermeerdijk solar farm in the Netherlands for Dutch developer Novar, the company said on Wednesday.

German solar developer hep global GmbH forecasts revenue of between EUR 45 million (USD 51.3m) and EUR 55 million for 2026, having previously projected a much higher figure of about EUR 90 million.