Tuesday’s elections will lead to the formation of a new government that will decide whether Israel will meet the high expectations of becoming the region’s real PV powerhouse or simply continue its favorable but not exactly enthusiastic PV policy.
The project comes on the heels of the Egyptian government’s announcement to build a new capital city for $45 billion. The Canadian solar giant describes the $5 billion investment for 3,000 MW of utility-scale solar PV projects as a “landmark agreement.”
China’s National Energy Administration has announced that it will boost its 2015 solar target to 17.8 GW. The NEA has cited the need to, “stabilize and expand the solar application market,” as the reason for the move.
The South American nation is ramping up solar development with another solar auction scheduled for November.
Module manufacturer REC will partner with Singaporean utility PacificLight Energy (PLE) to deliver commercial PV systems. The program is called “PLEdge to RECharge Green Energy Program.”
Declining module costs are making PV-hybrid systems increasingly appealing to off-grid mining operators eager to reduce fossil fuel costs, according to a new study by Apricum.
The country appears to be on a major solar roll with yet another government-backed PV deal. Jordan’s Philadelphia Solar is the latest firm to sign on for a large-scale project, but doubts are growing about the sustainability of Egypt’s FiT scheme and lack of grid capacity.
“We believe sentiment for China’s solar market is on an upswing,” starts an investor note produced by Roth Capital Partners in the wake of the NEA’s announcement to increase by 20% the country’s solar installation goals for 2015.
U.S. solar company Sunnova has introduced a solar-as-service product into the market, called the EZ Own. The product will operate much like a lease, with regular kilowatt-hour payments over 25 years, coupled with Sunnova’s O&M and monitoring package.
Georgetown Utility Systems is continuing down its path to provide 100% renewable energy for its customers through signing a deal to see a 150 MW PV power plant developed. SunEdison will realize the project with it likely to be sold to its yieldco TerraForm power on completion.
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