Swedish materials company Sol Voltaics announced that it has successfully produced gallium arsenide (GaAs) nanowires, bringing its efficiency boosting film a step closer to commercialization.
The tax was applied to PV installations for self-consumption with a capacity of over 255 kW. The move is expected to revive Sweden’s solar market after the disappointing performance (due to the tax) registered last year.
The Swedish agency has launched an initiative to spread awareness on the advantages of PV among homeowners.
The Swedish investment firm is also ready to commit a further $56.7 million to solar and geothermal heat pump energy assets.
The governments of Sweden and Norway have come to an agreement on how the electricity certificate system for renewable energies will be further implemented. The joint market-based support system of the two Scandinavian countries is open to power plants utilizing biofuels, wind, solar, hydro and tidal energy.
The Swedish power utility announced a plan to invest heavily in renewable energies over the next two years. The company said investments in solar and storage will reach 2 billion SEK ($226.3 million).
The Swedish Energy Agency Energimyndigheten has allocated 225 million SEK ($25.6 million) for the support of solar energy in 2017. The funds will be used for the country’s solar rebate program.
The Swedish government is proposing a 98% reduction to the tax on electricity generated by renewable energy power generators over 255 kW. The new rules were submitted to local Parliament and, if approved, would come into force by January 2018 at the latest.
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