The Armenian government has granted exemption from customs duties for the first time to local developer Investment Media Group. The measure is intended to support the implementation of the country’s $58 million solar program.
Increasing demand for solar power in China has prompted analysts to boost their 2017 estimates, forecasting an increase of more than 9% this year, with the annual global market reaching 85 GW.
Over the last fiscal year, India added 5,525 MW of new solar to push its cumulative capacity past 12 GW and affirm its status as one of the world’s leading solar powers.
The latest Global Trends in Renewable Energy Investment 2017 report by the UN Environment, Bloomberg New Energy Finance and the Frankfurt School-UNEP Collaborating Centre finds that while investment in clean energy fell last year, annual installations rose, revealing the cost-competitiveness of the sector.
National Grid, the UK’s transmission system operator, and the UK Office for National Statistics published separately some interesting data regarding the country’s solar PV sector.
The project, comprising two 65 MW solar farms at Bhadla, Rajasthan, has been built by Vikram Solar for India’s National Thermal Power Corporation. Azure Power, meanwhile, wins tender to develop 46 MW of rooftop solar for Indian Railways.
2016 was the strongest year ever for global renewable additions, reveals the International Renewable Energy Agency (IRENA), with the growth of solar particularly dominant.