Andbank España launches new solar fund
Through the new fund, the Spanish financial services provider hopes to initially raise up to €20 million.
China’s BYD to open PV R&D facility in Brazil
The facility at the Universidade Estadual de Campinas to become BYD’s first overseas R&D facility for PV, and will be set up with initial $1.5m in funding. Subsequent financial support will be based as a percentage of firm’s domestic net sales.
Czech Republic allocates additional funds for commercial PV
In addition to the Green Savings Programe, the Czech government has now started to provide solar incentives through the Operational Program for Entrepreneurship and Innovation for Competitiveness (OPPIK).
Italy simplifies rules for PV storage
The rules were harmonized with the regulation for revamping and repowering of PV systems issued by the GSE in March.
Cheap gas and renewables are making U.S. merchant power untenable
A new report by Power Research Group and Wilkinson Barker Knauer finds that cheap natural gas, wind and solar make it impossible for merchant plants to recover invested capital, and threaten the basic operation of wholesale power markets.
ABB microgrid to control solar, wind power on island of Aruba
The microgrid will be supplied to WEB Aruba N.V., a utility that controls a large portion of the island’s power. Technology and software is designed to better integrate high levels of renewable power while also delivering storage backup and load shedding capabilities.
Paraguay to issue renewable energy law by the end of 2017
Although mired in significant delays compared to other Latin American countries, Paraguay is now preparing to issue its first legislation to support solar and wind power.
Brazil’s hydroelectric company Chesf builds another MW-sized PV plant
The installation will be located in the state of Pernambuco and will be also used to test different PV components.
India: GE signs 140 MW inverter deal with Solairedirect
Inverter division of GE is partnering with Engie subsidiary Solairedirect to supply 1 MW central inverter solutions to 140 MW of solar projects being developed in India, complete with 25-year service agreement.
JinkoSolar supplying 38.4 MW solar plant in Japan’s Hokkaido
The Tier-1 Chinese solar company will supply its solar modules to a new utility-scale solar installation being built at Tomakomai, located on the southern Japanese island of Hokkaido.
