The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.
The incentive scheme awards a 23-year, $0.12/kWh feed-in tariff to rooftop arrays with a generation capacity of up to 200 kW. Already, 141 municipalities have applied to install 116 MW of rooftop solar capacity and the government has increased the program’s budget from $28.5 million to $143 million.
Dubai Electricity and Water Authority has published new regulations blocking ground-mounted commercial and industrial solar projects and capping rooftop installations at 2 MW.
A reformed electricity market, officials who are supportive of PV’s new competitive position, and growing renewable energy ambitions are driving significant growth in Israel’s solar market this year. And with its homegrown hero in the background, solutions for the country to become a clean energy leader could already be in place.
Cell supply shortages could kick-start manufacturing activity in India, EV car sales are braced for a fall while still gaining market share and a new date has been set for the world’s biggest solar trade show.
Plus, Italian developers continue to dig deep for their health service, the pandemic piles on problems for a debt-saddled Chinese company and analysts consider whether there will be any money left for a green economic recovery after the dust settles.
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