Chile's renewables share falls to 29.8% in May
Jun 29, 2022 11:48 CESTADB gives loan for construction of 15-MW solar farm in Afghanistan
Solar panels in Afghanistan. Photo by: ResoluteSupportMedia. License: Creative Commons. Attribution 2.0 Generic.
May 22 (Renewables Now) - The Asian Development Bank (ADB) has extended a USD-4-million (EUR 3.6m) loan to several companies owned by Turkey-based civil works contractor 77 Group to support the construction of a 15.1-MW solar photovoltaic (PV) farm in Afghanistan.
The loan was granted to Barakat Kandahar Solar Energy (BKSE), a special purpose vehicle in which 77 Group owns a majority stake through its Afghan unit. Three subsidiaries of 77 Group are co-borrowers, the ADB said Monday.
The developer will build the solar farm in Kandahar. Once completed, the facility is expected to generate around 27.5 GWh annually, avoiding emissions of 8,500 tonnes of carbon dioxide (CO2).
Afghanistan’s solar generation potential hovers around 220 GW. The country currently has 3 MW of installed solar capacity, according to the ADB.
(USD 1.0 = EUR 0.9)
More stories to explore
Arab countries plan 73 GW of utility-scale wind, solar projects
Jun 29, 2022 11:37 CEST
Apex Clean Energy shifts to IPP model with solar tax equity financing deal
Jun 29, 2022 11:11 CEST
OX2 delivers 45-MW wind farm in Finland to Aquila Capital
Jun 29, 2022 10:51 CEST
Clearway Energy agrees to buy 413 MW of US wind farms
Jun 29, 2022 10:47 CEST
Tunisia launches green hydrogen project
Jun 29, 2022 10:14 CESTShare this story
Tags
About the author