Solar rebates will range from €5,000 to €30,000, depending on the project size.
The PV plant portfolio will be acquired from Italian renewable energy company ErgyCapital for €68 million.
UK taxation department HMRC agrees to place batteries sold with a new solar system in 5% VAT tax rate following lobbying by the Solar Trade Association. Government will also consider proposals to offer reduced rate to all storage.
Scientists at Karlsruhe Institute of Technology (KIT) in Germany have developed a pair of sunglasses that generate electricity through semi-transparent organic solar cells applied to the lenses. The team aims to demonstrate the potential of organic solar to be integrated into electronic devices, buildings and other applications not possible with conventional PV technologies.
Two memorandums of understanding have been signed between Enertronica Group and Spanish EPCs for the shipment of 200 MW of inverters and SCADA and power plant controllers.
The analysts expect cumulative installed base of energy storage to reach 52 GW globally by 2025, up from 4 GW today. Annual revenues for grid-connected storage to reach more than $7bn by that date despite sharp price declines.
The $2.5 million initiative will be financed by the World Bank and will enable the installation of around 1 MW of rooftop PV systems.
The funds will be used to bring solar power solutions to the country’s under served northeastern counties.
More than half of all Chinese solar shipments in March this year went to India, while emerging countries alone now account for 60% of China’s PV exports, according to the latest Bloomberg New Energy Finance 3Q Frontier Power Market Outlook.
The Russian energy company has raised the capacity of the Orsk solar photovoltaic plant in Orenburg region from 25 MW to 40 MW.
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