With the nation’s net metering regime up and running for industrial generators, the government is trying to drum up interest and wants another 600 customers signed up by June, with the help of a soft loans program.
Wood Mackenzie’s number-crunchers are the latest analysts queueing up to predict a bumper year ahead for PV, with falling prices, rising efficiency rates and booming markets outside China all on the cards. And it could be a make-or-break year for mega-projects, says Wood Mac.
The Baltic nation installed 90 MW of PV last year, four times more than it had done since it began adopting solar. The growth was down to a new regulation issued by the government in June and the big push came mainly from small installations.
The Japanese module maker has set a new record for CIS thin film cell efficiency. The company, with Japan’s New Energy and Industrial Technology Development Organization, achieved 23.35% conversion on a cell measuring 1 cm². The record was confirmed by the Japanese National Institute of Advanced Industrial Science and Technology.
With a $3bn debt pile, gearing of 73.1% and $127m due for repayment in around three months’ time, the directors of the former United PV Group want shareholders to dilute their investment by issuing shares worth more than 40% of an enlarged company, with a chunk of the proceeds coming from public funds.
Homeowners and businesses with small-scale solar arrays have fought off a threat to priority treatment for excess energy they want fed back into national grids. The EU has refused to heed a call to treat such generators on the same terms as giant utilities.
From Friday, Romanian homeowners and businesses may file applications for rebates that could cover up to 90% of the cost of rooftop arrays, provided the grant does not exceed $4,830. Applications will be accepted until March 1.
The state has also awarded 614 MW of wind, and three of the 20 renewable energy projects commissioned are paired with energy storage. NextEra, Invenergy and EDF are each set to build solar projects larger than 100 MW.
The European Commission said the subsidy scheme to be adopted for the project is in line with the EU state aid rules. The 40-year old Fessenheim nuclear plant has faced several safety issues over the decades.
In the face of increasingly strident global calls to turbocharge the switch from fossil fuels to clean energy, remarks from the Saudi and Emirati energy ministers in Abu Dhabi this week will do little to encourage hopes the world can contain global temperature rises below 1.5C.
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