An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.
The transaction includes the sale of a solar park located in western Bulgaria.
The project is expected to be built by local company 4B Solar in three phases by the end of 2022.
The eastern European country saw the addition of only a few hundreds kilowatts of PV over the past few years, and for 2017 just around 200 kW of new PV systems are expected to come online.
Renewable energy support policies at the national and European level are needed to reduce the cost of capital for solar PV and onshore wind projects in countries in the South East of European, according to an extensive study undertaken by Ecofys,
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