
ACWA Power’s $692 M for wind project in Egypt
ACWA Power has secured 2.6 billion Saudi riyals ($692.05 million) for a 1100 MW wind farm in Suez, Egypt.
ACWA Power has secured 2.6 billion Saudi riyals ($692.05 million) for a 1100 MW wind farm in Suez, Egypt.
Tunisia, Tunis: Tunisia aims to allocate 7.1 billion Tunisian dinars ($2.2 billion) for the development of the power sector in 2025, including renewable energy projects….
President Biden made another trip to a community devastated by a hurricane with his visit to Florida, announcing $612 million in projects for grid resilience.
ESCOM will boost the reliability of power supply to the Central and Northern regions thanks to a significant funding commitment from the European Union.
A $405 million grant which will enhance the transmission and distribution system across Long Island and the Rockaways has been announced.
The DOE announced 20 projects across 16 states selected to receive up to $371 million to accelerate the permitting of high-voltage interstate transmission projects.
The spending will be made over the next decade and comes as major economies invest billions to support clean energy projects.
While some of the money may come from the Just Transition plan that wealthy nations have pledged to back with funding, private funding is also being considered.
Funding for a $900 M multinational power transmission line between Mauritania and Mali has been mobilised.
Kenya, Nairobi: German Chancellor in Kenya has launched upgrading projects at the Olkaria geothermal plant, providing $76.4 M (€70 M) co-funding.
The US Department of Energy (DOE) has announced a $38 M funding opportunity for National Laboratories to advance key research and development.
Ghana, Accra: The African Development Bank (AfDB) has approved a grant of $28.5 M to Ghana for the construction of renewable energy infrastructure.
Germany, Berlin: Electricity transmission operators in Germany estimate the electricity consumption in the country will be doubled by 2045.
Gambia, Banjul: The European Union has announced it will provide a grant for the acceleration of “Gambia Renewable Energy” project implementation.
USA: Connecticut, Massachusetts, Maine and Rhode Island have proposed to build up to three new HVDC transmission lines for offshore wind in New England.
Canada, Toronto: The federal government of Canada will donate seven power transformers to help restore Ukraine’s electrical grid.
USA, Washington D.C.: The US Department of Energy (DOE) has reserved $300 M to help rural communities ensure climate resilience and get affordable energy.
The US Department of Energy has announced $48 M to improve semiconductor materials and devices for improved control and protection of the power grid.
USA, Washington, D.C.: The US Department of Energy’s (DOE) Grid Deployment Office (GDO) is working on the allocation of $1 B to Puerto Rico.
USA, Washington, D.C.: The US Department of Energy has announced $50 M in funding to support clean energy projects on Tribal lands.
Iberdrola has signed a $159 M (€150 M) loan agreement with the European Investment Bank (EIB) to build 400 MW of wind and PV solar projects in Italy.
The Biden administration is to provide the $13 B funding to support the expansion and modernisation of the national power grid.
The Transmission Company of Nigeria (TCN) has received eight new power transformers under the World Bank funded Nigerian Electricity Transmission Project.
The APPA has expressed disappointment the funding to ramp up the production of distribution transformers has not been supported.