The renewable energy unit of Italian utility Enel installed 763 MW of additional solar capacity in 2016. Most of this capacity is located in Latin America and South Africa.
The Italian solar developer will build a 10 MW PV facility in Tozeur, southern Tunisia. The company will sign the $12.5 million contract for the project within a few days.
Italian oil producer Eni and Sonatrach — an Algerian state-owned company that specializes in the exploitation of hydrocarbon resources — have broken ground on a 10 MW solar facility in southern Algeria.
Namibia’s Electricity Control Board (ECB) has announced the new rates applicable to PV systems installed under the government’s net-metering scheme. The new mechanism was introduced by the government in November 2016. PV projects up to 500 kVa can be developed under the scheme.
The South African solar market registered 509 MW of new PV installations in 2016. The country’s cumulative PV capacity reached 1.47 GW as of the end of December. Meanwhile, the price of solar power has dropped significantly over the past five years.
Two different reports highlight how PV demand is currently improving silver’s industrial offtake. The Silver Institute says that prices have increased 9% since the beginning of this year, while ETF Securities says that mining capital expenditure and investments are declining, and that this could further weigh on silver supply.
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.
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