Residential PV

PEG Africa, a company offering pay-as-you-go solar to consumers and businesses in West Africa has received a $5 million investment from European Union initiative ElectriFi. The company says it has now secured more than $50 million and plans a major expansion.

Already active through subsidiary Fenix International and start-up Engie PowerCorner, the French energy giant is expanding further by acquiring Mobisol, an off-grid systems specialist with operations in Kenya, Tanzania and Rwanda.

pv magazine publisher Eckhart Gouras spoke to Carolina Obando, regulatory coordinator at renewable energy association SER Colombia, to discuss the country’s first renewable energy auction. The delayed tender promises to boost a solar industry with a 4.3 GW pipeline.

Demand for systems with a generation capacity of up to 750 kW is driving the market. The 52 GW capacity cap for solar under the national FIT scheme is approaching. In September, feed-in tariffs and market premiums will fall a further 1.4%.

The levelized cost of energy produced by large scale PV projects ranges from €24/MWh in southern Spain to €42/MWh in Finland. New research states that is already cheaper than the average spot market electricity price and that the figure for big facilities in southern Spain may fall to €14 in 2030 and €9 in 2050.

Mathematicians at Canada’s University of Waterloo who turned their attention to solar power have developed an algorithm they say offers better control over PV plant output. The researchers estimate the algorithm could improve the output of a 100 MW power plant by almost a million kilowatt-hours per year.

The Uzbek government last week opened a rooftop solar program which provides 30% of the initial costs for buying and installing a PV system, up to around $320 per project. Tax incentives are also available.

The solar home system company, which enables customers to pay their solar electricity bill through an app on their mobile on a PAYG basis, has conducted a monumental funding round as it eyes expansion to become a fully-fledged pay-as-you-go utility.

First-half losses that ballooned to $85.3 million saw the share price of the Texan third-party solar company fall 8% according to San Diego law firm Robbins Arroyo LLP. The legal business says it is investigating ‘potential violations of federal securities laws’ in connection with last month’s IPO.

International data suggests that fires caused by rooftop solar power systems are rare; however, the United States doesn’t centrally track this information – with the National Fire Data Center classifying them in the “other” category.