The Norwegian renewable energy company cited rising prices, cost reduction plans and lucrative transactions as the main reason for its positive update. The average Nordic energy price in the quarter was €47.7/MWh, an increase of 56% from the same period a year earlier.

The Energy Storage Europe conference and trade show is nearing and pv magazine is featuring the top ten developments in the field as our Energy Storage Highlights, selected by an independent jury of experts. We kick off with Proton Motor’s contribution to a Swiss project that enables apartment tenants to live without a gas or electricity grid connection.

The region’s largest rooftop solar system has been mounted on a plastics factory in Lithuania. The 1.4 MW site’s inauguration was attended by 100 high-level guests from the nation’s business community.

World Bank sister organization the IFC has made a $75 million commitment to a green bond recently issued by Philippines based developer AC Energy. Vietnam’s sub-standard financial sector performance has prompted the Asian Development Bank to suggest green bonds could best leverage the country’s renewable energy targets.

Backing for renewable energy assets is set to rise 10% with grid-scale PV the most attractive opportunity among investors surveyed for a new report. But improved investment vehicles and outsourced asset management are still needed if climate change is to be mitigated.

NESF and Zestec have joined forces for the development of a commercial portfolio in the U.K. NESF provides the capital, which will be refinanced through the proprietary PPA model by Zestec.

The nation already meets well above 80% of its electricity demand from renewable energy. With e-mobility and electric industrial processes on the rise, higher demand has created new development opportunities.

United Renewable Energy was the result of a troublesome year for Taiwan’s solar manufacturing market. The company has signed a memorandum of understanding with Asia’s largest independent power producer – Vena Energy – for the supply of modules for projects in Taiwan’s strong development sector.

The procurement covers 66 government buildings identified by the nation’s solar unit from a 120-building portfolio. Successful bidders will sign a PPA with the government, which is aiming at self-consumption with an element of net-metering.

Since 2012, Kazakhstan has shown increased interest in its energy transition and put in place supportive regulations. The country lies in the path of China’s ‘One Belt, One Road’ initiative, which unlocks large-scale infrastructure investments.