Despite approximate 25% fall in solar costs per MWh against 2015, last year saw more than $333 billion invested in clean energy, with global solar deployment figures topping 53 GW, finds new Bloomberg New Energy Finance report.
The new rules, now published in the country’s official journal, will enable owners of PV and renewable energy power generators to sell excess power to the local distributors.
Pakistan has updated its 2015 net metering scheme to make it more user friendly. The Government of Punjab, meanwhile, has unveiled a new Access to Clean Energy Investment Program, aimed at installing over 20,000 solar PV rooftop systems.
Following the surprise removal of a grace period for PV rooftop projects last month, China reportedly saw over 500 MW of DG solar grid connected on December 29, after developers worked to secure 2017 FIT rates. Overall, EnergyTrend estimates DG capacity to be over 19 GW in 2017.
China’s cumulative solar installations reached approximately 125.8 GW by the end of November, suggesting that PV developers completed nearly 50 GW of capacity in the first 11 months of 2017, according to new government statistics.
2017 was a busy year for India’s solar industry. As of the end of November, the country had installed around 5.5 GW of PV. With its ambitious renewable energy goals, it is paving the way to becoming a world leader in the industry. Overall, the country saw a rapid increase in renewable energy activity, with solar dominating almost 48% share of total capacity installed.
China is likely to experience another solar PV installation rush in H1 2018, as the June 30 FIT deadline looms, although it will not reach more than 7.2 GW, says EnergyTrend. Q4 is, however, expected to see “hectic” activity topping 20 GW ahead of a December 30 deadline.