In the country’s new energy strategy, the Italian government is planning to phase-out coal power plants starting 2025, and to support utility-scale PV projects through long-term PPAs.
The U.S. microinverter manufacturer reported a lower than expected revenue in the latest quarter, with shipments decreasing slightly year-on-year. The company, however, was able to strenghten its cash position after implementing a restructuring plan in the previous quarters.
The solar plant was built by local developer LigAgro under Ukraine’s FIT program at a cost of $10 million.
Kazakhstan’s state-owned national atomic energy company announced its three solar manufacturing subsidiaries will be auctioned to the highest bidder in the frame of its privatization plan.
Madagascar’s Ministry of Energy and Hydrocarbons is increasing efforts to implement its rural electrification plan for 2015-2020. Meanwhile, the government is also seeking developers for the island’s first MW-sized grid-connected PV projects.
The Italian fund announced the closing of its third financing round. To date, the fund has raised approximately €210 million.
The government of the West African country has signed an implementation agreement for a 6 MW solar project in Freetown. The country’s first MW-sized PV plant is being built with the Abu Dhabi Fund for Development (ADFD).
A U.S. research team from the Michigan Technological University is assessing the technical and economic viability of military microgrids run on solar power.
The Hungarian Development Bank started a subsidized loan program for renewable energy and energy efficiency in late April. The €350 million program will run through to 2022.
According to a new report from (ETIP PV), solar is already competitive with the current low wholesale electricity prices in southern European countries, while in Europe’s northern regions PV can become competitive within the coming five years.
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