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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.

Canada’s Potentia Renewables secures $78 million financing from La Caisse

Quebec’s investment fund has agreed to provide Ontario-based rooftop solar specialist with CA$ 107 million ($78.0 million) in debt financing.

SolarPower Europe: new financial mechanisms at EU-level are crucial for solar

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.

Armenia announces tender for 55 MW solar project

The Armenian Ministry of Energy Infrastructure and Natural Resources has prequalified ten companies in the preliminary phase of the tender for the project, which will be located in Masrik, Gegharkunik province, in the eastern part of Armenia.

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