Swedish Energy Agency pushes for more residential PV

The Swedish agency has launched an initiative to spread awareness on the advantages of PV among homeowners.

Algerian government expects reference price of $0.04/kWh for 4 GW solar tender

The Algerian Minister of Energy said that the reference price for the first round of the upcoming auction is not expected to surpass 4 DZD/kWh (approximately $0.04/kWh).

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USTDA helps Kenya build 40 MW solar-plus-storage power plant

The U.S. Trade and Development Agency will partner with Kenya-based engineering services provider Xago Africa on the development of the project. U.S. battery maker Suniva will supply a battery that will be combined with the facility.

Sonae Capital acquires 10 MW solar facility in Portugal

The Portuguese company invested $31.8 million in the transaction. The solar park is located in Ferreira do Alentejo, in southern Portugal.

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Czech Republic provides incentives for solar-plus-storage

The Czech government is supporting the adoption of solar-plus-storage solutions through a specific incentive program. Each kW of PV installed must be coupled with at least 5 kW of storage capacity.

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Albania to launch auction for over 50 MW of solar

The European Bank for Reconstruction and Development (EBRD) will help the Albanian government to set up an auction mechanism for large-scale PV plants. Between 50 MW and 100 MW will be allocated in the first auction.

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Solar Systems LLC to build 100 MW PV plant in south-eastern Russia

The Russian developer has signed an agreement for the grid connection of the plant with local power distribution company IDGC of Northern Caucasus.

Norway’s oil producer Statoil eyes first investments in solar

The Norwegian oil company confirmed it is evaluating new business opportunities within solar. The company launched a $197 million fund dedicated to renewable energies in February 2016.

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Sweden’s Infranode invests $11.3 million in distributed solar energy

The Swedish investment firm is also ready to commit a further $56.7 million to solar and geothermal heat pump energy assets.

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Dutch pension fund PGGM invests €200 million in SolarCity’s project portfolio

The Dutch fund will invest in a portfolio of solar projects of Tesla’s solar unit. The projects are spread across 21 U.S states and have a combined capacity of 275 MW.

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