Solar

Al-Afandi Builds Biggest Solar Panel Factory in Middle East

With annual energy yields reaching 1 GW, the “Al-Afandi Group” contributes to the “National Transformation” Program by building the biggest solar panel factory in the Middle East. Its impact looks set to create a significant shift in solar energy usage to cover the biggest portion of electric energy production locally and regionally.

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CleanSpark, Renova Power Networks Lead Microgrid Deployment

Renova Power Networks, a development company whose principals are known for innovative financing models and renewable energy systems, has partnered with San Diego-based CleanSpark, the leading advanced microgrid software and controls company, to facilitate global deployment of best-in-class microgrid technology, reduce carbon emissions cost-effectively, and increase energy security and independence.

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Solar Power Project

Canadian Solar advances Astoria 2 PV Project with GE Energy

Canadian Solar, one of the world’s largest solar power companies, consolidates expansion. It’s wholly owned subsidiary, Recurrent Energy, one of North America’s largest solar project developers, has closed on financing for the 75 MW Astoria 2 PV project with GE Energy Financial Services. The project is expected to generate enough clean solar energy to power approximately 25,000 California homes. Santander Bank is the coordinating lead arranger of a five member bank club for the project.

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