Norway

The world’s largest sovereign wealth fund will invest in non-listed infrastructure, with the government stressing such commitments will not be a climate policy measure but an investment strategy. The fund had already announced an intent to gradually divest holdings in oil and gas companies and related projects.

Despite the small figure, last year saw the nascent Norwegian PV market expand 29% from the previous year. The country’s cumulative installed PV capacity reached approximately 68 MW at the end of December.

The country’s cumulative installed PV capacity reached 45 MW at the end of last December. Newly installed PV systems for 2017 totaled around 18 MW, which was the largest annual growth ever registered in the Norwegian PV market.

Saga Energy, a partner of Taiwan’s Delta Group, has inked a €2.5 billion deal to construct 2 GW of solar PV in Iran, working alongside local partner Amin Energy. Company also hopes to build module fab in the country.

According to provisional figures, the amount of PV capacity operating in the Norwegian-Swedish electricity certificate market, mostly located in Sweden, has almost doubled in 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.

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.