Saudi Arabia targeting $109 billion investment for solar
According to media reports, Saudi Arabia plans to meet a third of its power needs from solar by attracting US$109 billion in investment for the establishment of a specific industry. Meanwhile, Mecca is planning to install 100 MW of solar capacity.
Malaysia: Applications for 8 MW of rooftop PV open
Malaysia’s Sustainable Energy Development Authority (SEDA) has announced that applications for 2 MW of rooftop photovoltaic projects in H2 2012 and 6 MW for H1 2013, have opened.
PV interest in Uzbekistan increases
Several large photovoltaic power plants are expected to be built in Uzbekistan soon, with the participation of both local and foreign investors.
Solar inverter plant opens in South Africa
Netherlands-based power equipment supplier, 3W Power/AEG Power Solutions, has officially inaugurated its new solar inverter manufacturing facility in South Africa.
Renewables only energy source to offer price reductions
Renewables, led by photovoltaics, are the only options for energy price reductions in the future, says the European Commissions Joint Research Center (JRC). In addition to calculating how many GWs of photovoltaics could have been installed using past fossil fuel subsidies, its new report looks at investment in the sector, and emerging markets.
Austria stops tariffs for PV systems over 500 kWp
Austrias government has unveiled a new Green Energy Act, under which feed-in tariffs for photovoltaic plants over 500 kWp have been removed. Meanwhile, a new support structure has been devised for building integrated and rooftop systems.
Enerparc connects 32 MW PV park to German grid
Enerparc AG has connected a 32 MW photovoltaic park to the grid in Germany after just 6 weeks of construction.
Italy closes first PV register
At midnight, registration for Italys first photovoltaic register under the Conto Energia V expired. GSE is scheduled to publish the list of projects eligible for a feed-in tariff (FIT) in October.
Bulgaria: Up to 39% retroactive grid fee for PV operators
The Bulgarian state regulator has introduced a retroactive renewable energy grid fee. Under the new rules, photovoltaic operators will have to pay back up to 39% of their feed-in tariffs (FITs). While the fee is supposed to be temporary, no deadline has been provided.
OPIC to fund 60 MW South African PV project
The Overseas Private Investment Corporation (OPIC) will invest up to US$250 million in its first photovoltaic project in South Africa.
