The French energy giant has issued its second green bond to sustain its expansion into the renewable energy sector. The €1.5 billion bond will also be used to finance solar projects. Meanwhile, the company has started to target the Belgian commercial PV market.
The French energy giant keeps expanding into the renewable energy business. Its France-based unit EDF Energies Nouvelles will build PV plants totaling 23.7 MW, while its US division EDF EN has created a new subsidiary for distributed solar and storage projects up to 30 MW.
The Armenian government introduced a special tariff for PV projects up to 1 MW in late 2016. Construction on the country’s third 1 MW solar project under this regime has now begun. Furthermore, the Ministry of Energy has announced plans for Armenia’s first module factory.
The German subsidiary of ET Solar is building a 60 MW PV plant in Jordan for ACWA Power. Construction on the project is expected to be completed within ten months.
The Czech solar market collapsed in 2014 after the country’s FIT scheme was shut down. After two years of almost zero growth, the country’s PV market registered a slight increase in new installations in 2016. This growth was mainly due to the support program for sustainable buildings.
The Estonian government plans to replace the current FIP scheme for renewable energies with an auction mechanism within the next few months. The country’s installed PV capacity reached 10 MW at the end of 2016.
The French energy giant is offering to acquire Innogy, the renewable energy unit of German power provider RWE. Innogy acquired German developer Belectric and its huge solar power plant portfolio in January.
The French developer has secured a 25-year PPA for Zambia’s largest PV plant. The project, which was selected in an auction held by the World Bank in 2014, will sell power to local utility ZESCO at US$0.0602 per KWh.
The Italian PV market maintains its path of stable growth in January with approximately 25.7 MW in new systems. Meanwhile, the local government agency GSE has published new rules for the revamping and repowering of existing installations. The Italian renewable energy sector believes that the new rules will create new business opportunities for both solar manufacturers and developers.
The Polish solar market has seen its largest growth in 2016 with approximately 94 MW in new installations. The country’s cumulative installed PV power had reached 192 MW at the end of December. A more stable regulatory framework is giving investors more confidence.
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