The World Bank will promote the development of large-scale renewable energy and solar projects across Argentina with a $ 480 million guarantee. The funds will be used to support projects being implemented under the country’s RenovAr program for renewable energies.
The Italian solar market grew by 22% in 2016. The country added 369 MW of new PV systems last year. This growth was mainly driven by tax breaks for the residential sector and the regulation for self-consumption. Most of these systems have a power of up to 100 kW.
In 2016, Spain’s solar development was driven by grid-connected PV systems for self-consumption and stand-alone systems for agricultural use.
Belgium has now over 3.4 GW of installed PV power. Most of this capacity, 2.45 GW, is located in the Flemish-speaking region of Flanders. The French-speaking region of Wallonia and the Brussels Metropolitan Region have reached 931 MW and 56 MW, respectively. In 2016, the country registered a 77% increase in new installations.
The Shanghai-based integrated solar specialist has completed the purchase of 51% of the entire issued share capital of developer Forum (Asia).
Germany has registered 117 MW of new PV installations in January. The country’s cumulative PV capacity has reached approximately 41.34 GW.
The company appears to be making progress with its restructuring, as it continues to launch increasingly sophisticated home energy solutions.
French cumulative PV capacity has surpassed 7 GW. In 2016, however, the market registered a 62% decrease in new installations, with the figure coming in at 559 MW. PV plants over 250 kW covered almost two thirds of the new capacity installed last year.
Toyota’s new 2017 Prius plug-in hybrid vehicle (PHV) will feature Panasonic’s newly designed 180 W solar panels.
The demand for green electricity in Europe, documented with Guarantee of Origin (GOs) has grown by 5% in 2016, now reaching nearly 370 TWh. Solar and wind are stepping up to challenge large hydro.
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