Tag: DEG

Neoen commissions 208 MW solar park in Argentina

Neoen has completed the construction of its Altiplano 200 solar power plant. The 208 MW solar park is located in Argentina’s Salta region. The plant is Argentina’s second-largest solar project. Altiplano is expected to generate 650,000 MWh of solar-powered electricity every year, which is enough to power 215,000 households for a year. Under a 20-year power purchase agreement, the electricity produced will be supplied to national operator CAMMESA.

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EBRD, GEF, and DEG issues $31.2 million loans for solar projects in Jordan

The European Bank for Reconstruction and Development (EBRD) and German development finance group, DEG have provided a $10.6 million loan in local currency to Yellow Door Energy to develop, construct and operate a portfolio of eight solar projects in Jordan. EBRD also mobilised $5 million provided by the Global Environment Facility and DEG provided senior loans worth $15.6 million for the projects, taking the total loan value to $31.2 million. The projects will have a total installed capacity of 48.3 MW and will generate 81 GWh of renewable energy per annum.

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