The Norwegian oil company confirmed it is evaluating new business opportunities within solar. The company launched a $197 million fund dedicated to renewable energies in February 2016.
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.
Around 11 MW of new PV capacity was installed last year in Norway. The volume of new installations grew by 366% compared to 2015. This growth was mainly driven by the country’s regulation for self-consumption and the green certificate scheme.
The Norwegian solar park developer signs joint development agreement with Africa50, an African infrastructure fund that is sponsored by the African Development Bank, to bring funding and support to the 100 MW Nova Scotia solar park.
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