Finance

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.

Scatec wants to expand in Southeast Asia and Vietnam is poised to become a hot market thanks to a generous feed-in tariff and a government that has set tight carbon emission targets.

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.

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.

Big names in the running for 45-55 MW project in Chittagong as developers scramble to take advantage of an income tax exemption for clean energy investment that is due to expire this year.

The Hong Kong listed polysilicon manufacturer is selling off solar assets to fund its thirst for production capacity expansion. The proposed sale would net the company almost $290 million to reduce its debt pile.

The 75 MW project was built by Russian developer Solar Systems LLC in Novokuybyshevsk, in the Samara oblast. The facility was mostly financed by Russian state-owned lender PJSC Sberbank.

The off-grid solar system supplier has received the finance in Rwandan francs to mitigate currency risk and expand operations in its biggest market.

Voltalia has secured a 25-year power purchase agreement from French retailer Boulanger for power generated by a 5 MW project. The off-taker has also committed to buying electricity from new wind and solar plants to be operated by the French developer.

Some 168 projects will be developed across 16 provinces free from central government subsidy. The fact the average capacity of such projects has tumbled indicates Beijing’s plan to accelerate the arrival of subsidy free solar may be on track.