greenenergy
Advertisement
  • Home
  • Solar
  • Wind
  • Hydroelectricity
  • Ocean Energy
  • Biomass
  • Contact Us
No Result
View All Result
  • Home
  • Solar
  • Wind
  • Hydroelectricity
  • Ocean Energy
  • Biomass
  • Contact Us
No Result
View All Result
Green Energy News
No Result
View All Result
Home Solar

Lebanon grants licenses for 11 solar projects

Green Energy News by Green Energy News
May 13, 2022
in Solar
German car parts maker Mahle invests in solar start-up Sunmaxx PVT



https://cdn.aiidatapro.net/media/01/ff/cb/t780x490/01ffcb057a0dc54f8d7c8ada2a15ba68514c94f9.jpg

May 13 (Renewables Now) – The Lebanese government has approved the issue of licenses for 11 solar projects each with a capacity of 15 MW, energy minister Walid Fayyad said on Thursday.

The licenses were granted to 11 local and international companies that have won competitions for new solar plants over the last few years. Now, these companies have a year to secure the necessary financing.

The cost of the electricity from those 11 solar plants will be USD 0.057 (EUR 0.055) per kWh in the Beqaa region and USD 0.063 per kWh for all other regions. For comparison, the cost of fossil energy is in the range of USD 0.010 and USD 0.015. The cost of solar power in Beqaa is lower because the area is plain, the minister explained.

Prior to granting the licenses, the government held talks with 12 companies but one company dropped out because it refused to provide the required guarantee.

Lebanon, which is suffering a power shortage, is pursuing the ambitious target to obtain 30% of its electricity supply from renewables by 2030.

(USD 1 = EUR 0.961)

Join Renewables Now’s free daily newsletter now!





Source link

Previous Post

Somerville’s former mayor expands climate focus

Next Post

Ocean Sun posts higher first quarter net loss, with slight rise in revenues

Related Posts

Wind, solar replace gas imports to help Turkey save $7B in a year

by Green Energy News
May 24, 2022
0

Turkey has managed to save $7 billion in the last 12 months as its wind and solar power generation...

Solar Panels Market Size 2022-2029| Key Players – First Solar,Hanwha Solar,Sharp,Canadian

by Green Energy News
May 24, 2022
0

USA, New Jersey– The Global Solar Panels Market Research Report 2022-2028 is a valuable source of insightful data for business strategists....

Vermont gravel now pit home to 1.65-MW solar project

by Green Energy News
May 23, 2022
0

Encore Renewable Energy built a 1.65-MWAC/2.3-MWDC solar array at a former gravel pit in Hardwick, Vermont that will serve...

Enphase IQ8 first to earn UL 1741 certification under new interconnection standard

by Green Energy News
May 23, 2022
0

By SB Staff May 23, 2022 View ProfileThe Enphase IQ8 Microinverter system is the first in the world to...

Next Post

Ocean Sun posts higher first quarter net loss, with slight rise in revenues

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Solar

Wind, solar replace gas imports to help Turkey save $7B in a year

Turkey has managed to save $7 billion in the last 12 months as its wind and solar power generation helped...

by Green Energy News
May 24, 2022
Hydroelectricity

MOZAMBIQUE: IFC Supports Mphanda Nkuwa Hydroelectric Project | Afrik 21

The Mphanda Nkuwa Hydroelectric Project Implementation Office (GMNK) has a new partner. It is the International Finance Corporation (IFC). The...

by Green Energy News
May 24, 2022
Ocean Energy

Nvidia turns to liquid cooling to reduce big tech’s energy use

Nvidia has announced its new plan for reducing the energy use of data centers crunching massive amounts of data or...

by Green Energy News
May 24, 2022
Biomass

Clean power shares hit as Chancellor may extend windfall tax to all energy firms

Shares in renewable energy companies and British Gas owner Centrica PLC (LSE:CNA) both fell sharply on news that Chancellor Rishi...

by Green Energy News
May 24, 2022

© 2022 Green Energy News Hubb All rights reserved.
Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy

Navigate Site

  • Home
  • Solar
  • Wind
  • Hydroelectricity
  • Ocean Energy
  • Biomass
  • Contact Us

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Solar
  • Wind
  • Hydroelectricity
  • Ocean Energy
  • Biomass
  • Contact Us

© 2021 greenenergynewshubb.com