The program will be open to solar power systems with a generation capacity larger than 10 kW. Initially, some 100 MW of solar power will be allocated through the mechanism. Net metering tariffs, however, will be little more than half the current electricity price.
A tracking report from five major international agencies finds the world is lagging behind sustainable development goals for 2030. While more effort is needed to reach some of the world’s poorest populations, though, notable progress has been made in reducing the electrification deficit, thanks to off-grid solar and minigrids.
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.
What was originally a landmark bill to establish rights for the owners of PV systems has made it to the floor of the California Senate in a dramatically reduced form.
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.
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.
The off-grid solar system supplier has received the finance in Rwandan francs to mitigate currency risk and expand operations in its biggest market.
Two reports have concluded rooftop solar may replace PV parks as the main growth driver in the two big Asian markets over the next decade. Support programs for utility scale PV in both countries no longer seem attractive enough.
As India awaits the results of the world’s largest democratic election on Thursday, and the EU begins to go to the polls on the same day, pv magazine Australia considers the “miracle” victory by a right-wing Liberal-National coalition in Australia at the weekend, and finds the nation’s solar sector has little reason to rejoice.
The body responsible for the installation of more than 4 million residential PV installations has asked its government masters to provide interest-free financing for its program and Dhaka is considering the proposal.
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