Palestine to bring online its first PV plant, at 7.5 MW

The site is the first step in a planned 200 MW portfolio. Along with a few ground mount installations, the Palestinian authorities set out to achieve substantial parts of the portfolio by tapping public rooftops. The authorities have already secured rooftop spaces at 500 schools for the installation of 35 MW of capacity.

Scatec Solar inks strategic collaboration deal over 485 MW of solar in Vietnam

Scatec wants to expand in Southeast Asia and Vietnam is poised to become a hot market thanks to a generous feed-in tariff and a government that has set tight carbon emission targets.

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Electric vehicles help slash payback periods for residential PV

The Institute for Energy Economics and Financial Analysis has estimated the effect on the payback period of PV systems when adding EVs and storage in Germany and Britain. In both cases, system owners are likely to reduce their payback period by significant margins as increased self-consumption can offset the incremental phase out of government incentives.

EU Council of Ministers gives final green light on clean energy package

Long awaited – and even longer debated – the 1000 pages of legislation have finally been adopted by all EU institutions. Over the coming 18 months, there will be changes, some big, some small, to the markets in Europe. Across the continent, the renewable energy industry is likely to benefit.

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Off-grid solution for Haiti electrification to receive $17 million funding

The government of Haiti and the World Bank have put in place a financial instrument to provide access to capital for companies active in clean off-grid energy solutions. The aim is to power 200,000 households over 10 years.

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Bboxx secures $8 million loan to boost Rwanda operations

The off-grid solar system supplier has received the finance in Rwandan francs to mitigate currency risk and expand operations in its biggest market.

Xinyi Energy completes Hong Kong IPO to raise $465 million

The solar plant operations business – spun out of the solar glass manufacturer – reportedly finalized its initial public offering this week. Final confirmation of the proceeds is expected on Monday.

Swedish Energy Agency eyes PV to achieve 100% renewables by 2040

Though PV will remain in the shadow of wind and hydropower in the north of Europe, an ambitious solar deployment scenario in Sweden could lift the market into the gigawatt club through to 2040.

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Battery storage market will be worth $13 billion by 2023

Analyst Globaldata says falling system prices, and the need for more resilient grids and favorable policies, continue to fire the energy storage industry around the globe and the Asia-Pacific region is likely to remain the biggest market.

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The weekend read: Tapping new markets

The energy transition does not only change electricity generation, but ideally also how we consume. Electricity markets in Europe, however, must deal with legacy regulations that fail to incentivize ideal consumption patterns to reduce curtailment and make the best possible use of the renewable energy assets we have. The result is towering bills for ancillary services, that could easily be avoided with a few regulatory tweaks and virtual power plants.

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