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Solar Power Europe: “Innovation in business models and financing is key”

A report published this week by EU trade body Solar Power Europe puts emphasis on innovative business models and financing schemes as the key drivers taking solar to the next stage in its development across the continent.

NexTracker to supply 30 MW project in Tamil Nadu

U.S. tracker manufacturer NexTracker announced this week that it will partner with project developers CleanMax Solar to supply 30 MW of its NX Horizon single axis trackers to a project in Tamil Nadu, India.

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80 MW PV plant approved by council in Bundaberg

Bundaberg regional council has approved planning application for an 80 MW PV power plant, lodged by Australian solar developers Esco Pacific. The plant will comprise 400,000 tracker modules, an investment of AU$210 million.

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Suntech announces 20% efficiency for mass-production multi-PERC cell

Chinese module manufacturer Suntech announced that it has increased the efficiency for its mass production multicrystalline PERC cells to 20%, transferring its recent laboratory success to the production line.

Indian firms request more time to install rooftop plants

With India’s rooftop market set to boom in 2017, the Faridabad Industries Association (FIA), which represents businesses in the Faridabad region of India, has requested an extension to the December 31st 2016 deadline to install rooftop solar on commercial and industrial units.

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Sonnedix Completes EUR 197 million refinance in Italy

Independent solar power producers Sonnedix have announced a non-recourse refinancing worth EUR 197.1 million, for its 66 MW portfolio of pv plants in Italy.

Sweden plans 60% subsidy for residential batteries

Sweden has announced a government subsidy that will cover 60% of the cost for installing a residential energy storage system, up to a maximum of 50,000 kroner (US$5,400). Battery, wiring, management systems and installation will all be eligible for payment under the subsidy.

Volkswagen announces shift toward clean energy and electric vehicles

In an effort to rebuild its reputation after last year’s emissions cheating scandal, the German car manufacturer has announced plans to become the world leader in electric vehicles by 2025.

Astronergy equips Bangladesh post offices with solar modules

Solar module manufacturers Astronergy will provide solar modules for 8500 post offices across the nation of Bangladesh. The modules will provide a reliable off grid power source to post offices in remote regions where power cuts or lack of grid connection are a problem.

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UK power regulator opens dialogue on smarter energy system

Ofgem and the UK Government have announced a call for views on how a smarter and more flexible energy system could create better value for the country’s energy customers. Ofgem estimates that smarter energy use could benefit both consumers and the industry to the tune of £8 billion a year.

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