The analysts forecast further solar growth for this year, with the Spanish market expected to become Europe’s fifth-largest in 2018.
Annual International Roadmap for Photovoltaics, compiled by the German production equipment industrial association (VDMA), reveals slowdown in module price reduction for 2017 in contrast to significant market increase that saw module production capacity rise above 130 GW.
In a short chat with pv magazine, the head of Eon’s solar business in Germany, Sebastian Eisenberg has described how the German utility is planning to further develop its PV activities after the company’s recent plan to buy a majority stake in Innogy. The deal, in fact, envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.
Belgium market update: Once among Europe’s leaders in solar PV deployment, with more than 1 GW of capacity added in its peak year of 2011, Belgium’s market lost momentum following the abrupt closure of generous subsidy programs. In recent years, driven by its residential PV segment, the country has experienced a solar comeback, which became particularly prominent in the year just passed.
U.K.-based off-grid developer, BBOXX and online renewable energy investment platform, Trine have raised €1 million from crowdfunded investments in less than one month. The financing will be disbursed at the beginning of April, to enable BBOXX to scale up its operations in Kenya.
Based on analysis of publicly available data, Deloitte estimates that solar panels installed on every suitable roof surface across the Netherlands could meet half of the current Dutch electricity demand, despite the country’s cloudy and rainy climate.
GTM Research and SEIA’s final report on the U.S. solar market in 2017 shows both the struggle of the residential sector, as well as a larger than anticipated fall in utility-scale volumes, leading to a 30% contraction overall.
Ghana is planning to grow its solar industry, via utility-scale solar, off-grid projects and domestic manufacturing, the President said at the International Solar Alliance (ISA) founding ceremony.
February rooftop solar installations exceeded 115 MW, well above the less-than 80 MW installed in the same month 2017 – itself a record-breaking solar year in Australia. Green Energy Markets’ latest STC figures reveal the “extraordinary” installation rates.
The Swedish Energy Agency will initially allocate 200 million SEK (around US$24 million). Two further tranches of 200 million SEK and 100 million SEK, respectively, will be assigned in April and in the fall. The funds will be used to finance small rooftop PV projects under the country’s solar rebate scheme.
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