The Portuguese company invested $31.8 million in the transaction. The solar park is located in Ferreira do Alentejo, in southern Portugal.
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.
The Russian developer has signed an agreement for the grid connection of the plant with local power distribution company IDGC of Northern Caucasus.
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.
The Swedish investment firm is also ready to commit a further $56.7 million to solar and geothermal heat pump energy assets.
The Dutch fund will invest in a portfolio of solar projects of Tesla’s solar unit. The projects are spread across 21 U.S states and have a combined capacity of 275 MW.
Quebec’s investment fund has agreed to provide Ontario-based rooftop solar specialist with CA$ 107 million ($78.0 million) in debt financing.
The European solar association has released a new report that recommends ten actions to further support solar across the EU. Innovative financing mechanisms and new business models, as well as balanced regulatory frameworks, are considered necessary to ensure the future growth of PV in Europe.
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